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Caesars Entertainment Feeling Weathered After 2012

New Jersey Symptoms On The Web Gambling Legislation, Just a Nose Behind Nevada

After many years of waffling and vetoing, nj-new jersey Gov. Chris Christie finally signed Assembly Bill A2578 into law this week, opening the door for online gambling to begin in a legalized, regulated environment in New Jersey. The move arrived just per week after Nevada Gov. Brian Sandoval rapidly approved his state’s online gambling legislation; both states ensured they had provisions included that would allow for interstate compacts, so that gamblers from outside their specific jurisdictions could be in on the action.

But do not fire your computers up just yet in either state.

Could Be Months Before Gambling Works Online

Although the brand new bill stipulates that actual online wagering must begin in New Jersey between 90 and 180 times of the measure’s signing, Caesars Entertainment Corp. CEO Gary Loveman was dubious. Loveman stated within an interview this week that the real launch times could possibly be similar to 18 to 24 months, and considering Nevada’s current not-much-faster-than-mud instance, that’s most likely more realistic: the Silver State’s online poker licensees that are earliest have actually already tried and received extensions on the original launch dates. Presumably, simply the mechanics and technology, particularly with the element that is added of players and how taxes and regulations would work there, are extremely complex and unlike before the game ended up being legali Continue reading Caesars Entertainment Feeling Weathered After 2012

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Ferguson Loses Big Hand to Feds in Final Full Tilt Showdown

Wagering the Farmville May Be in Your Future: Online Gaming Goes After Real Money

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

‘There is not any question there was great interest from all sorts of people in games of opportunity, whether it’s for real money or virtual rewards,’ stated CEO of Zynga, Mark Pincus. The company failed to meet up with revenue expectations last year and is looking to gambling dollars online as a marketing strategy that is new. They are not the only social media video gaming app developers to do so, either.

It simply Makes Dollars and Sense

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

‘Gambling in the U.S. is controlled by a couple of land-based casinos plus some powerful Indian casinos,’ said Chris Griffin, CEO of the Betable that is london-based co Continue reading Ferguson Loses Big Hand to Feds in Final Full Tilt Showdown