Tag Archives: New Jersey

States told they need realistic projections for igaming

SBC News States told they need realistic projections for igaming

Data analyst Eilers Research has warned US states planning to legalise igaming to keep their financial projections realistic. In its latest report called ‘US iGaming Outlook for 2015 and Beyond’, Eliers pointed out that New Jersey Governor Chris Christie’s team had estimated around $180m in tax for the first year of operation, when in reality the tax revenues from opening …

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Bwin to sell its social business at a €7m loss

SBC News Bwin to sell its social business at a €7m loss

Bwin.Party is close to selling its social gaming business and is in continuing merger talks with other parties. In a pre-close trading update, the firm revealed that it is in ‘active discussions’ regarding the sale of Win, the group’s social gaming business, and that it expects to make a further announcement shortly. The company had announced a huge expansion into …

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Betfair shifts its New Jersey operations to Golden Nugget

SBC News Betfair shifts its New Jersey operations to Golden Nugget

Betfair is set to continue its New Jersey online casino operations after announcing an agreement with Atlantic City’s Golden Nugget Casino. The deal with Golden Nugget Atlantic City who are operated by Caesars Entertainment will be the operators third since online casino gambling became legal in the state of New Jersey. Under New Jersey law, online gaming operators such as Betfair must …

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UFC Vice President backs expansion of US sports betting

SBC News UFC Vice President backs expansion of US sports betting

UFC Executive Vice President Lawrence Epstein has publicly backed the expansion of legalised sports betting in the United States. Speaking to US news source ESPN.com, Epstein urged the US senate to address the need for proper regulation and frameworks in order to allow legalised sports betting. Epstein stated that unlike the four major US sporting associations (NHL, NBA, NFL, MLB) …

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New Jersey officials dismiss US Pro leagues challenge

Governor Chris Christie and New Jersey State pro sports betting officials have dismissed the legal challenge set by the four US professional (MLB, NHL,NFL, NBA) and the National Collegiate Athletic Association (NCAA) on grounds that their challenge cannot be credited. This weekend New Jersey State will see Monmouth Park thoroughbred racetrack become the first licensed gambling venue to allow sports …

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Jeff Ifrah – “Pro Leagues NJ block does not make much sense”

SBC News Jeff Ifrah - "Pro Leagues NJ block does not make much sense"

According to well-known US sports betting attorney Jeff Ifrah, the lawsuit by the NFL, NBA, MLB and NCAA seeking to block enforcement of the New Jersey Sports Wagering Law doesn’t make much sense. “The new law means racetracks and casinos will have the protection of state law on their side when they start offering sports betting at their locations,” Ifrah …

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Chris Christie signs New Jersey sports betting bill

SBC News Chris Christie signs New Jersey sports betting bill

New Jersey State G New Jersey State Governor Chris Christie has officially signed the bill to repeal the Professional & Amateur Sports Protection Act (PASPA) laws within New Jersey. Chris Christie signing of the New Jersey Sports Betting Bill will allow for licensed gambling premises such as racetracks and casinos to allow sports betting wagering. Last week the State Assembly …

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New Jersey sports betting ruling delayed

US District Judge Michael Shipp has granted an extension to the pending New Jersey sports betting appeal, in order to give representative side’s additional time to file more briefs. Judge Shipp was meant to have published opinion on New Jersey’s proposal to allow sports betting in licenced gambling venues (casinos and racetracks) on Monday. However a statement published by the …

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