andymays
06-03-2010, 06:54 PM
http://www.pressofatlanticcity.com/news/breaking/article_27a195ae-6f25-11df-89c2-001cc4c03286.html
Excerpt:
Under the bill, the state would allow an intra-state online gambling network, relying on high-tech online software to allow customers within New Jersey's borders to access the casino-run online portals.
Senators on the committee on state government, wagering, tourism and historic preservation, approved the bill by 3 votes to 1.
The bill's sponsor, Sen. Ray Lesniak, D-Union, has argued federal law has given New Jersey a window to try an intra-state approach to developing an online-gaming business model.
Federal laws forbid gambling without a valid casino license, which can only be obtained in states that have legalized gambling in brick-and-mortar gambling halls.
In 2006, U.S banks were ordered to block their credit and debit cards from carrying payments to online gambling companies, leaving would-be players without a way to pay. But that ban expired June 1, after many delays.
New Jersey's proposed business model would use existing licensees -- Atlantic City casinos -- and would be regulated to prevent underage and out-of-state players.
Excerpt:
Under the bill, the state would allow an intra-state online gambling network, relying on high-tech online software to allow customers within New Jersey's borders to access the casino-run online portals.
Senators on the committee on state government, wagering, tourism and historic preservation, approved the bill by 3 votes to 1.
The bill's sponsor, Sen. Ray Lesniak, D-Union, has argued federal law has given New Jersey a window to try an intra-state approach to developing an online-gaming business model.
Federal laws forbid gambling without a valid casino license, which can only be obtained in states that have legalized gambling in brick-and-mortar gambling halls.
In 2006, U.S banks were ordered to block their credit and debit cards from carrying payments to online gambling companies, leaving would-be players without a way to pay. But that ban expired June 1, after many delays.
New Jersey's proposed business model would use existing licensees -- Atlantic City casinos -- and would be regulated to prevent underage and out-of-state players.