>New Jersey Online Gambling Revenue Sets New Record in January

>New Je<span id="more-587560"></span>rsey Online Gambling Revenue Sets New Record in January

New Jersey on line gaming saw brick-and-mortar market-leader Borgata increase its dominance for the Nj online video gaming sector within a record-breaking January, but will partypoker’s new owner cause disruption?

The New Jersey online gambling market broke records in January, grossing a best-ever $14.6 million for the month that is first of 12 months, based on results out this week through the New Jersey Division of Gaming Enforcement (DGE).

January is a traditional seasonal high for online gambling, due to the fact weather that is cold smaller days force people inside, but a rise of 26 percent is unprecedented. The January blizzards that blanketed the state in as much as 30 inches of snow may have been no laughing matter, but they worked wonders for the Internet casino industry in New Jersey https://casinopokies777.com/casino-888/.

On-line poker remained snowed under, though. That vertical continued struggling, with revenue falling in January by six percent to $2.2 million, although this is offset by a 35 percent increase in online casino revenue, to $12.5 million.

Market leader Borgata took the lion’s share of that, and in addition experienced the growth that is biggest for the start of 2016. Borgata’s share of the market increased to 31 percent, with revenue climbing by 21 percent, to $4.6 million for the month.

Borgata Growth

Borgata is partnered in New Jersey with partypoker, which recently arrived under new management. GVC Holdings finalized its takeover of bwin.party on February 1st, which implied that the newly formed business needed a dispensation that is special the DGE to be able to continue to operate, as GVC does not hold A new jersey video gaming permit.

The request had been provided by DGE manager David Rebuck, and party may continue steadily to operate under the Borgata banner while its licensing application is considered, under the proviso that GVC has no ‘operational or management control or influence’ on the online poker site in the interim.

GVC’s engagement with different gray markets around the world is unlikely to sit well with the DGE, which has became one of the more stringent regulators in the planet.

There are indications that the new company is less interested in US markets than the last management, and, should GVC’s application be refused, it might not be an overly troubling rejection for the video gaming conglomerate. It would, but, be hugely troublesome to nj-new Jersey’s online gaming market at a right time when it is beginning show potential.

Land-Based Casinos Nevertheless Struggle

The state’s land-based gambling market continues to falter and the wintry conditions last month clearly did nothing to help despite improved online gaming figures.

Total gaming wins, online and land-based collectively, were down 3.8 percent year-on-year, to $190.1 million. And the overall casino win for the month dropped 5.6 percent year-on-year to $175.5 million.

Moody’s Investment Analysts said recently they anticipate more casinos to close in Atlantic City within the coming year, as operators continue to grow business and fade competition from neighboring states.

Garden State lawmakers are currently considering a proposition to introduce two casinos to North Jersey in order to attract footfall from this new York metropolitan area, a move which hasn’t sat particularly well with the existing Atlantic City contingent, for obvious reasons.

Florida Seminoles Gambling Deal with Governor Rick Scott Draws Ire in State Legislature

Florida Governor Rick Scott, seen here conversing with tribal leaders, struck a Seminoles gambling deal in December, however the arrangement is being met with opposition in Tallahassee. (Image: Nick Sortal/Miami Herald)

The Florida Seminoles gambling agreement reached with Governor Rick Scott (R) is laboring its means through the continuing state legislature, but with just four weeks remaining to pass an accord, time is becoming most important.

In December, Scott announced he had reached a momentous 20-year cope with the Seminoles that would guarantee hawaii $3 billion over the next seven years. In return for the monies, the tribal organization would retain exclusive rights on house-banked cards at its seven land-based casinos and would also be afforded the proper to run real time dealer craps and roulette table games.

The Seminoles’ previous contract with the state expired in October, nevertheless the tribe’s casinos are continuing to use.

March 11th is the 60th and day that is final of Florida Legislature Regular Session. It also marks the due date for lawmakers in Tallahassee to achieve a gambling compact with the Seminoles for the rest of the nine months of the year.

The Politics Shuffle

Before Scott’s compromise because of the Florida tribe can be official, hawaii Senate and House of Representatives must approve the terms first. Like the majority of things in politics, that has been no task that is easy.

The Republican-controlled Senate and House are focused on the Seminoles gaining exclusivity that is additional and the bill would avoid the state from authorizing other kinds of gambling near Seminole-controlled venues.

Scott differs from many of his conservative Sunshine State constituents in that he isn’t adamantly opposed to expansion that is gambling. The governor’s deal would also incorporate the ‘decoupling’ of greyhound and horse racetracks to permit pari-mutuel venues to perform card rooms and slots, even without any real race being held.

The Florida Greyhound Association and Florida Thoroughbred Breeders’ & Owners’ Association both adamantly oppose decoupling, as it would further hurt their already struggling companies.

Calling the deal ‘a bunch of crap(s),’ NoCasinos.org, a Florida governmental advocacy group, stated in a statement that ‘the Seminole Compact was sold to Floridians as a firewall contrary to the further expansion of gambling … Unfortunately, the brand new compact would not only explode gambling at tribal facilities, but across hawaii as well.’

Sharing of the Green

State Sen. Rob Bradley (R-District 7) and State Rep. Jose Diaz (R-District 116) are being entrusted with finding common ground and authoring a gambling compact that will be favorable within the eyes of both legislative chambers, as well much like Scott and the Seminoles.

Diaz believes affording the Seminoles just what they need, as well as granting concessions to ‘racinos,’ may be the path that is best forward. Diaz’s main goal is to make sure politicking doesn’t cause the state to lose the billions of dollars at stake.

‘The numbers are indeed staggering. Money that can get to education and healthcare and critical infrastructure,’ he told the Panama City Information Herald.

For the time being, Seminole casinos remain sending payments to Tallahassee as though the old contract never expired, and the state continues accepting and cashing the checks.

New Jersey Sports Betting Goes Right Back to Court to Duke It Out All Over Again

Nj Senator Ray Lesniak believes that the court will rule in New Jersey’s favor on Wednesday in exactly what could be a judgment that is seminal the issue of states’ rights and activities betting. (Image: cnn.com)

The State of New Jersey will get back to court on Wednesday, February 17 for the next phase of its battle for the directly to offer appropriate activities betting at racetracks and casinos within its borders.

And despite previous pitfalls and effective appropriate challenges by the major sports leagues, hopes are higher than ever that this time could be the time.

New Jersey’s case are reheard in the Third Circuit Court of Appeals, which is the same court that ruled in August that the state’s aspirations were a violation of the Professional and Amateur Sports Protection Act of 1992 (PASPA).

But ab muscles fact that the court is rehearing the situation is what is offering so New that is many Jerseyans this time down.

That’s because rehearings have become rare, and should be voted for by a majority of Third Circuit judges to be able to just take place at all. The very reality that that is happening ensures that the Garden State has a strong potential for effectively decriminalizing state-by-state sports wagering in America.

Majority Vote Needed

Some of whom are clearly receptive to the state’s argument on Wednesday, New Jersey will need a majority vote from a panel of 12 judges.

And, meanwhile, many other states will be viewing through the sidelines. Virginia, West Virginia, Georgia, and Kansas, among others, have stated they broadly help New Jersey’s efforts and are interested in pursuing the basic concept of regulated sports wagering, should it show legally viable.

‘It’s huge,’ said New Jersey Senator Raymond Lesniak (D-20th Dist.). ‘Chances are, they might not have vacated the ruling should they were only planning to later on confirm it.’

PASPA sought to determine the legal status of sports betting (compared to parimutuel horse and dog race) and ultimately prohibited it nationwide, with carve-outs for states which had legalized it before 1992, including Nevada, Delaware, Montana, and Oregon.

Missed Opportunity

A 12-month window was left available for any state which had already founded controlled casino gaming for over a decade to organize legislation to legalize the practice, a supply which was aimed solely at nj-new Jersey, since it was the only real state that matched that description. But Garden State lawmakers at the time failed to just take up the offer in time.

Ever since, it seems like the state has regretted permitting that ball fall. New Jersey believes that while PASPA prohibits the licensing and regulating of sports betting by individual states, you’ll find nothing in the work that calls for states to enforce prohibition actively.

Thus, New Jersey believes it has the right decriminalize sports betting at gambling enterprises and racetracks as opposed to legalize and manage it.

‘we have been glad that the ruling, which robbed brand New Jersey of the chance to gain through the billion-dollar recreations wagering industry, will be reconsidered and heard by the complete court,’ said State Congressmen Frank Pallone, Jr. (D-6th Dist.) and Frank LoBiondo (R-2nd Dist.) in a joint declaration in October.

‘Not only do the citizens of New Jersey overwhelmingly support legalized sports betting and the revenue that will come to your state with it, but current federal law picks winners and losers, and is unconstitutional and arbitrary. We remain committed to seeing sports betting become legal in brand New Jersey, and this reconsideration is just a good and crucial development.’