The Talik

It’s really a Definite Maybe the next occasion for Christie on online Gambling for New Jersey

Saying ‘now is the full time for our state to move forward, again leading the way for the nation, by becoming one for the very first states to permit Internet gaming,’ New Jersey Gov. Chris Christie ironically yet again this week vetoed his state’s draft that is latest of A internet gambling statute. Citing concerns over gambling tax revenue rates being set too low, as well as over transparency dilemmas for companies online that is seeking gambling, Christie nevertheless revealed a glimmer of hope for passing of revised variations of the bill to come, perhaps as early as March.

Both State Sen. Raymond Lesniak and State Assemblyman John Amodeo were encouraged by Christie’s wording in vetoing the bill, noting that ‘the governor’s concerns can easily be addressed’ with a newly worded measure.

At risk are huge amount of money in potential income, particularly key in a state whose brick-and-mortar casinos took a hit that is heavy year, at least in component as a result of ravages of Hurricane Sandy. Also affecting New Jersey’s ailing land casino marketplace is competition that is hard-hitting gambling-friendly neighboring states like Pennsylvania and ny. Profits were falling steadily since 2006, and hit a low of just over $3 billion a year ago from a 2006 total of $5.2 billion.

Perhaps blood that is smelling the veto action, Nevada Gov. Brian Sandoval quickly squeezed his state’s lawm Read more

Betting the May that is farmville be Your Future: Online Gaming Goes After Real Cash

The fuzzy line between gaming and gambling online is getting fuzzier: the Silicon Valley developers behind popular social media marketing games like Farmville, Mafia Wars and Words with Friends have applied for a Nevada online license that is gambling. San Francisco-based leading social media games designer Zynga says they are after market trends and desire to be prepared when online gambling becomes legal in key states such as Nevada, New Jersey and Delaware to take advantage of their market that is potential share.

‘There is no question there is certainly great interest from all sorts of people in games of possibility, whether it is for real cash or virtual rewards,’ stated CEO of Zynga, Mark Pincus. The company failed to meet revenue expectations a year ago and is searching to gambling dollars online as a new advertising strategy. They’re not the only media that are social software designers to do so, either.

It Just Makes Dollars and Sense

The shift to gaming for dollars from just gaming that is plain enjoyable is a practical one: it means more revenues for gaming app developers. While the U.K. is already enjoying real-money gaming, it’s inevitable that the same trend will come to America once imminent legalization takes place in a couple of key states.

‘Gambling in the U.S. is controlled by several land-based casinos plus some powerful Indian casinos,’ said Chris Griffin, CEO of the Lon Read more