As mGamingWatch first reported two weeks ago, New Jersey Internet gambling regulators are easing up on the established parameters used to determine whether or not an online gambler is, indeed, located within state boarders. Why? Geolocation technology is working as planned and proving an effective and reliable resource for ensuring in-state gaming only. The team …
Read More
Bitcoin is the most popular form of online currency used worldwide. While Bitcoin was not initially regulated or taxed, many countries have been implementing rules and regulations out of fear that Bitcoin, as well as other forms of virtual currency, will be used for tax evasion, money laundering, and the black market. The UK was …
Read More
Online gambling has been front page news across the state of Massachusetts in recent months, as legislators and regulators put their heads together and try to figure out how the state can benefit from this fast growing industry. On Wednesday, The Boston Herald reported that the state Gaming Commission is now actively pushing for Internet …
Read More
While New Jersey officials aren’t admitting defeat or failure by any means in their latest assessment of online gambling’s arrival in New Jersey, they are admitting that initial revenue projections were simply too lofty. New Jersey State Treasurer Andrew Sidamon-Eristoff, for example, was compelled this week to reduce state projections for the amount of revenue …
Read More
The states of Nevada and Delaware are taking a joint gamble on a groundbreaking interstate online gambling agreement. As two of just three states to have legalized online gambling to date, the governors of Nevada and Delaware have reached an agreement allowing residents in those states to play against one another inside of virtual poker …
Read More
In 2011, the U.S. Department of Justice determined that the Federal Wire Act does not preclude states from adopting online gambling. And it didn’t take long for states to capitalize. With the severe decline in revenue from live casinos, New Jersey launched online gambling last year, which has been met with much concern and criticism. …
Read More
One Iowa lawmaker has effectively invited the online gambling industry to begin a marketing campaign inside of the Hawkeye State. Although the Iowa Lottery has made it clear that online and mobile gambling are not on their radar, this inevitability is in the best interest of the people of Iowa, says Sen. Brian Schoenjahn. Specifically, …
Read More
Although online gambling has been legal and open for business since late November in NJ, the laws on the books that regulate online gambling in the Garden state “don’t go far enough.” As a result, some lawmakers in New Jersey want to see online gambling expanded by loosening regulations even further and focusing attention beyond …
Read More
At a time when federal and state lawmakers are facing enormous pressure to support that which would create new jobs in new industries across the country, the public’s demand for more jobs could weigh on the minds of many legislators when it comes time to vote on the national legalization of online gambling. Industry sources …
Read More
The American Gaming Association is offering words of praise to New Jersey regulators in response to their “effective regulation” of online gaming in the Garden State. AGA President and CEO Geoff Freeman waited to issue words of praise until the New Jersey Division of Gaming Enforcement released its first report earlier this week on online …
Read More