Chris Christie Allows New Jersey Sports Betting Despite Ban

Chris Christie Allows New Jersey Sports Betting Despite Ban

New Jersey Governor Chris Christie has released a directive enabling activities betting to move ahead in the Garden State. (Image: Lucas Jackson, Reuters)

New Jersey sports betting may not be this type of pipe dream after all. Even though the state has lost in federal court over its plan to manage and license sports betting at casinos and racetracks throughout the New Jersey, some officials point up to a glimmer of hope in the rulings: the very fact that they found that there’s nothing in New Jersey law itself that would stop those venues from providing bets on the own.

On Monday, that’s what Governor Chris Christie utilized to issue a directive enabling racetracks and casinos to start providing sports betting without concern with civil or liability that is criminal. Governor Christie cited the court that is previous to state that such actions were not prohibited under nj-new Jersey law, and that federal law only prohibits the state from regulating the activity.

Christie Changes Tune on Federal Ruling

‘Based on the arguments of the sports leagues and the United States Department of Justice, the 3rd Circuit has already ruled that nj can execute activities wagering as described in today’s statewide directive,’ stated a declaration from the Governor’s office. ‘The motion simply would clarify and formalize that authority and give clear guidance to gambling enterprises and racetracks waiting to start a sports pool in Continue reading “Chris Christie Allows New Jersey Sports Betting Despite Ban”

Experience Atlantic City on Auction Block for $90 Million Starter Bid

Experience Atlantic City on Auction Block for $90 Million Starter Bid

Florida investor Glen Straub has kicked from the auction bidding on Revel for $90 million.

Atlantic City’s Revel Casino is up for auction grabs, and a Florida real-estate developer has provided $90 million in money to acquire the property which was shut down for good week that is last. Glenn Straub, whom has the 22,000-acre Palm Beach Polo and Country Club in Wellington, Florida, will now get to be the ‘stalking horse,’ or bidder that is lead who may be outbid by competitors at an auction on September 24. Other buyers that are potential until September 23 to create offers.

Straub said this week that his offer was ‘an chance to turn things around. That’s what they need at this time; a direction that is new’ he included. ‘Give us our six months, and we’ll really actually most probably. In 2 years, we’ll be 100 % open.’

Which begs the relevant question, what are going to be open, exactly? It appears unlikely that Straub will reopen Revel as a casino; the Revel Casino project, after all, had been a cataclysmic $2.4 billion failure with huge operational costs that were hemorrhaging $2 million per week when it closed. And besides, it seems Straub features a dislike that is personal of.

Casino Doctor

‘When everyone believes of Atlantic City, they think of casinos,’ Straub told USA Today, adding which he dislikes the concept of Atlantic City as a casino city and is uncomfortable with the notion of his famil Continue reading “Experience Atlantic City on Auction Block for $90 Million Starter Bid”

UK Gambling Act Delayed by Gibraltar Legal Challenge

UK Gambling Act Delayed by Gibraltar Legal Challenge

London’s Royal Courts of Justice, whose High Court ruled that the UK Gambling Act should be postponed for a month.

The UK Gambling Act was delayed by 30 days, as the Department of Culture, Media and Sport considers the legal challenge associated with the Gibraltar Betting and Gaming Association (GBGA). The act that is new scheduled in the future into influence on October 1, but will now be pushed back to November 1.

The GBGA issued the task in the High Courts in an attempt to derail what it has called a misguided piece of legislation and a ‘wholly unjustified, disproportionate and discriminatory interference with the best to free movement of solutions.’

The act requires all online gambling operators to hold a UK license and pay a 15 percent tax on gross video gaming income if they wish to engage utilizing the UK market. Previously operators that are such be licensed in a number of jurisdictions around the globe, one of which had been Gibraltar. These jurisdictions was approved, or ‘white-listed’, by the federal government in Westminster underneath the 2005 Gambling Act.

Legislation Unwanted?

The GBGA’s objections are twofold. Firstly, it believes that the 15 percent ‘point of usage tax’ will force operators to cut their bonuses and VIP programs, which will drive Uk gamblers to your unlicensed black market, as the UK regulated web sites will not have the ability to compete, thus failing in its stated aim of ‘controlli Continue reading “UK Gambling Act Delayed by Gibraltar Legal Challenge”