NJ State Assemblyman, Ralph R. Caputo, Chair of Tourism, Gaming and the Arts, is no fan of Pokerstars. Caputo publicly cheered Pokerstars’ previous failures in NJ when they first were trying to get licensed and subsequently when they were shut out of the Atlantic Club Casino purchase. Caputo does not mince words. His distaste for […]
Will Online Gambling Survive in New Jersey? | Online Casino Reports.
It has taken Fitch Ratings three attempts to confirm what I have been saying for more than 6 months now. I predicted that the total revenue from Internet gambling in NJ will not exceed 150 Million dollars for the full year. Fitch now pegs full year revenue at between 120M-130M. Rating firm cuts NJ online gambling […]
A recent decision by the Federal District Court could put a chill into the numerous US poker and casino players who have in the past or continue to play with offshore companies. In it, the government claimed that FirePay, PokerStars, and PartyPoker are all financial institutions because they function as “commercial bank[s].” Because the taxpayer […]
In this informative article by Nathan Vardi of Forbes, readers are walked through the reasons Adelson is winning the battle against the proliferation of online gambling in the US. I have repeatedly said that due to the limited market in NJ and the many issues the NJ operators face (geo-location errors, credit cards rejections, etc…) […]