Sameer Singh moved all in for 103,000 from middle position and was called by Robert Murphy from the big blind. It was off to the races as Singh showed A10 and Murphy tabled 88. The ...
Breaking: New Jersey Senate Passes Online Gambling Bill, Goes To Governor
Legalization Could Lead To PokerStars Re-Entry Into U.S.
New Jersey’s 40-seat Senate approved a bill during a Thursday session that would allow intrastate online gambling. It now goes to the governor for possible signature.
Among those who voted, 33 were in favor, while three were against the plan. The legislation has been speedily pushed through the legislature before the end of 2012. The Assembly approved the bill on Monday, after the proposal sat inactive since the summer.
The games would be run from casino companies doing business in Atlantic City. The gambling industry there has been on the steep decline since around 2006.
“This will help replenish the casino revenue fund,” Sen. Ray Lesniak, a sponsor of the bill, testified Thursday. He added that money from the fund goes to some social services.
“This is just the first step. Other states will want to get in on our action,” Lesniak continued.
He hopes Atlantic City will be the “Silicon Valley” for the industry.
Lesniak and other backers of the bill were asked questions regarding the proposed 10-percent tax rate on Internet gambling revenues. Lesniak said he wants to stay competitive with Nevada, which has a rate of under seven percent. Sen. Jim Whelan chimed in on the tax issue by saying that Internet gambling is a global industry.
“If we want these Internet gaming companies to come here, we have to have a tax rate that is competitive and we think this will accomplish that,” Whelan said.
It’s unclear whether New Jersey Gov. Chris Christie will OK the legislation and make it law. He vetoed a similar proposal in 2011, but that was before the federal government eased its stance on intrastate online gambling. Nevada and Delaware are the only other states in the county with legal web gambling, though the Silver State has focused on poker.
Lesniak told Card Player that online gambling could help recovery from Hurricane Sandy.
If online gambling is legalized, PokerStars could have its spot for re-entry into the American market. The firm is looking at buying a casino in Atlantic City.
|1||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|2||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|3||Pennsylvania Man Mistakenly Throws Away $1.25 Million In Winning Lottery Tickets|
|4||Two Arrested For Counterfeit Casino Chips In Maryland|
|5||Deutsche Bank Looking To Sell Las Vegas Casino|
|6||Poker Hand of the Week: 4/17/14|
|7||Online Poker: Nikolaus Jedlicka Wins $916,000|
|8||Atlantic City Casinos Win $11.9 Million From Online Gambling In March|
|9||Eric Afriat Wins World Poker Tour Seminole Hard Rock Poker Showdown|
|10||Tiger Woods To Host Charity Poker Event|
|1||Atlantic City Casino Sues Phil Ivey For $9.6 Million, Says Poker Pro Cheated|
|2||More Details On Poker Pro Phil Ivey's Alleged Cheating While Playing Baccarat At The Borgata|
|3||Ed Miller: Four Bad Things Amateur Poker Players Say|
|4||Borgata To Pay Final 27 Impacted By Cheating Scandal In Poker Event $19,323 Apiece|
|5||Comedian George Wallace Awarded $1.3 Million In Case Against Las Vegas Casino|
|6||The Top Five Cities To Launch Your Poker Career: Part Two|
|7||'Technical Problems' Result In Massive $260,000 Overlay In Sunday Tournament On PokerStars|
|8||Phil Hellmuth Gives Poker Bracelet To NBA Owner|
|9||The Top Five Cities To Launch Your Poker Career: Part One|
|10||High-Stakes Online Poker: Viktor 'Isildur1' Blom Drops $1.4 Million This Week|