>New Jersey Online Gambling Revenue Sets New Record in January

>New Je<span id="more-10907"></span>rsey Online Gambling Revenue Sets New Record in January

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

The newest Jersey online gambling market broke documents in January, grossing a best-ever $14.6 million for the very first month of this year, based on results out this week from the nj-new Jersey Division of Gaming Enforcement (DGE).

January is a traditional seasonal high for online gambling, because the cold weather and shorter days force people inside, but an increase of 26 percent is unprecedented. The January blizzards that blanketed the state in up to 30 ins of snow may have been no laughing matter, but they worked wonders for the net casino industry in nj-new jersey.

Online poker remained snowed under, though. That vertical continued struggling, with revenue falling in January by six % 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 also experienced the biggest growth for the start of 2016. Borgata’s share associated with the market increased to 31 percent, with revenue climbing by 21 percent, to $4.6 million for the thirty days.

Borgata Growth

Borgata is partnered in nj with partypoker, which recently arrived under new management. GVC Holdings finalized its takeover of bwin.party on February 1st, which designed that the newly created 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 ended up being provided by DGE director David Rebuck, and party might continue steadily to operate under the Borgata banner while its certification application is considered, under the proviso that GVC has no ‘operational or management control or influence’ throughout the internet poker site in the interim.

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

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

Land-Based Casinos Still Struggle

Despite improved online gaming figures, the state’s land-based gambling market continues to falter and the wintry conditions last thirty days clearly did absolutely nothing to help.

Total video gaming wins, online and collectively that is land-based were down 3.8 percent year-on-year, to $190.1 million. And the casino that is overall 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 shut 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 proposal to introduce two casinos to North Jersey so that you can attract footfall from the New York metropolitan area, a move which hasn’t sat especially well with the existing Atlantic City contingent, for apparent reasons.

Florida Seminoles Gambling Contract 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, nevertheless 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 method through the continuing state legislature, but with just four weeks remaining to pass an accord, time is becoming of utmost importance.

In December, Scott announced he had reached a momentous 20-year deal with the Seminoles that would guarantee hawaii $3 billion over the next seven years. The tribal organization would retain exclusive rights on house-banked card games at its seven land-based casinos and would also be afforded the right to operate live dealer craps and roulette table games in exchange for the monies.

The Seminoles’ previous agreement with the state expired in October, however the tribe’s casinos are continuing to work.

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

The Politics Shuffle

Before Scott’s compromise with the Florida tribe can be official, the state Senate and House of Representatives must approve the terms first. Similar to things in politics, that’s been no easy task.

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

Scott differs from many of his conservative Sunshine State constituents in that he isn’t adamantly opposed to gambling expansion. The governor’s deal would additionally incorporate the ‘decoupling’ of greyhound and horse racetracks to permit pari-mutuel venues to run card rooms and slot machines, even with no racing that is actual held.

The Florida Greyhound Association and Florida Thoroughbred Breeders’ & Owners’ Association both adamantly oppose decoupling, as it could further hurt their currently struggling industries.

Calling the deal ‘a couple of crap(s),’ NoCasinos.org, a Florida governmental advocacy team, stated in a statement that ‘the Seminole Compact was sold to Floridians as a firewall contrary to the further expansion of gambling … Unfortunately, the new compact would not only explode gambling at tribal facilities, but across their state 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 may be favorable into the eyes of both legislative chambers, as well as with Scott and the Seminoles.

Diaz believes affording the Seminoles just what they need, as well as granting concessions to ‘racinos,’ is the most readily useful path 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 go to education and health care and infrastructure that is critical’ he told the Panama City Information Herald.

In the meantime, Seminole casinos are still sending payments to Tallahassee as though the old contract never expired, plus the state continues accepting and cashing the checks.

Nj-new Jersey Sports Betting Goes Right Back to Court to Duke It Out Just As Before

Nj-new jersey Senator Ray Lesniak believes that the court will rule in Nj-new jersey’s favor on Wednesday in exactly what would be a seminal judgment about the issue of states’ rights and recreations 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 straight to offer appropriate activities betting at racetracks and casinos within its the 888 casino 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 court that is same ruled in August that the state’s aspirations were a breach of this Professional and Amateur Sports Protection Act of 1992 (PASPA).

But the very fact that the court is rehearing the situation is what is giving so many brand new Jerseyans hope this time down.

That’s because rehearings are extremely rare, and needs to be voted for by a majority of Third Circuit judges in order to just take place at all. The very fact that this is happening means that the Garden State has a strong potential for effectively decriminalizing state-by-state sports betting 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 from the sidelines. Virginia, West Virginia, Georgia, and Kansas, among others, have actually said they broadly support New Jersey’s efforts and generally are interested in pursuing the basic concept of regulated recreations betting, should it show legally viable.

‘It’s huge,’ said nj-new Jersey Senator Raymond Lesniak (D-20th Dist.). ‘Chances are, they might n’t have vacated the ruling when they were only gonna later on confirm it.’

PASPA desired to define the legal status of sports betting (in contrast to parimutuel horse and dog race) and eventually prohibited it nationwide, with carve-outs for states that had legalized it before 1992, which included Nevada, Delaware, Montana, and Oregon.

Missed Opportunity

A window that is 12-month kept available for any state that had already established regulated casino gaming for over a decade to get ready legislation to legalize the practice, a provision that was aimed solely at New Jersey, since it had been the sole state that matched that description. But Garden State lawmakers at the time failed to take up the offer in time.

Ever since, it seems like the state has regretted permitting that ball drop. New Jersey believes that while PASPA forbids the licensing and regulating of sports betting by individual states, there’s nothing in the act that calls for states to actively enforce prohibition.

Therefore, New Jersey believes it has the right decriminalize recreations wagering at gambling enterprises and racetracks rather than legalize and manage it.

‘we have been glad that the ruling, which robbed New Jersey of the opportunity to gain from the billion-dollar sports wagering industry, will be reconsidered and heard by the full court,’ stated State Congressmen Frank Pallone, Jr. (D-6th Dist.) and Frank LoBiondo (R-2nd Dist.) in a joint statement in October.

‘Not only do the citizens of New Jersey overwhelmingly support legalized sports betting and the revenue that would come towards the state with it, but current law that is federal champions 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.’