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    Daily Gambling News Update | Thursday, January 5, 2012

    Posted by Quad Jacks March 14, 2012

    THURSDAY, JANUARY 5, 2012

    New Jersey postpones online betting vote, Christie shows support: The online betting bill fast-tracked by New Jersey state Sen. Ray Lesniak in the last few days was originally supposed to be voted on today and on January 9, the last day of voting of the legislature’s current session, but this will no longer be the case. Instead, it has been decided to hold off on the vote until the start of the new session, which will begin the week after next. Lesniak expressed optimism that this would not be any serious determent. “Speaking with Governor Christie, I’ve agreed to reintroduce Internet gaming in the next legislative session, and I expect that we can get it through the Legislature and signed by the Governor within the first few weeks of the new session.”

    Governor Chris Christie issued an encouraging statement claiming that although he still has some concerns over the hasty legalization of intrastate betting, he feels comfortable enough to support it.

    Christie: “I think New Jersey should be in that business. I think we should be a epicenter for that business, but I want to do it right… Folks should know I favor it, I want to do it… And given the Justice Department’s go ahead for people to be able to do it, I think we should go ahead and move on it. But, we have to do it in a responsible way and it should be Atlantic City-centric.”
    Sources: NJ.com, North Jersey.com, Joe Brennan Jr. (Twitter)

    Neighboring states assess impact, decline in local business after Massachusetts casinos: Connecticut and Rhode Island, states adjacent to Massachusetts, have taken note of the Bay State’s new commitment to erect its own casinos, and are studying the impact – generally negative – which this will have on their own gaming revenue.

    Connecticut is home of the well-known Indian-owned casinos Foxwoods and Mohegan Sun, both of which are already awash in debt, but are required to pay 25% of their revenue to the state. The state’s General Assembly’s Office of Fiscal Analysis has released an analysis on how this revenue may be affected by Massachusetts casino gaming.

    Says the report: “The revenue loss estimates are based on data from Center for Policy Analysis at the University of Massachusetts Dartmouth indicating that approximately 31. 0% and 19. 5% of Foxwoods and Mohegan Sun patrons are from Massachusetts… Data from the Center also indicate that approximately 86% of [Massachusetts] patrons would no longer frequent out-of-state casinos if similar casinos were established in-state… This legislation could reduce Indian gaming payments to the state by up to 25% or approximately $ 95. 0 million annually.”

    Rhode Island, where commercial gaming is strictly limited, has come up with similar projections, and intends to do something about it quickly. Commercial gaming is strictly limited in the state, with the presence of only two slot parlors (Twin River and Newport Grand). Twin River alone generates approximately $270 million a year in annual gambling revenue. A ballot initiative scheduled for November is being backed by some local lawmakers to allow the properties to offer “Las Vegas-style” table games to its customers.
    Sources: Hartford Courant, Boston Globe

    Nevada state officials taking notice of intrastate gaming law: VegasInc reports that the Nevada Attorney General’s office has begun studying the Department of Justice’s declared stance on intrastate online betting and the subsequent actions taken by the Nevada Gaming Control Board, although no spokesperson for the office is quoted. Nevada’s Attorney General is Catherine Crotez Masto (Democrat), who assumed her office in 2007.
    Sources: VegasInc

    QuadJacks – Thursday, January 5, 2012

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