% | $
Quotes you view appear here for quick access.

Clearwire Corporation (CLWRD) Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • sanddollars568 sanddollars568 Feb 7, 2013 2:11 PM Flag

    Znga approved for online gambling

    I can't post the quote from Gov. Christie.

    But it's a conditional veto. It goes back to legislators with minor adjustments and then will be singed by governor.


    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • my error, sorry about that. he did approve with conditions...excerpt below....

      Gov. Christie approves of online gambling with caveats

      By Ryan Hutchins/The Star-Ledger
      on February 07, 2013 at 2:57 PM, updated February 07, 2013 at 5:41 PM



      Enlarge Frances Micklow/The Star-Ledger Revel Resort in Atlantic City on Saturday, July 14, 2012. (Frances Micklow/The Star-Ledger).Revel Casino at 3 months gallery (18 photos)

      TRENTON — New Jersey is on the road to legalizing online gambling, with Gov. Chris Christie conditionally vetoing the measure today but assuring lawmakers he'll sign off on it once they provide more funds to combat gambling addiction and toughen oversight of casinos and their employees.

      Sen. Raymond Lesniak (D-Union), a primary sponsor of the measure, said the adjustments Christie is seeking are “minor,” and that legsislators will concur with the governor's recommendations next month.

      “This will give a big boost to Atlantic City, which has been bleeding revenues for the last few years, and will really give a lifeline and save thousands of jobs,” Lesniak said.

      The legislation (A2578), which requires that the online bets be placed only in New Jersey, received bipartisan approval in the Senate and Assembly.


      • Online gambling could save Atlantic City, analyst says

      • U.S. justice department dismisses N.J.'s claim that sports betting ban is unconstitutional

      Christie vetoed an earlier version of the bill, saying at the time that “any effort to expand casino gambling outside of Atlantic City must be supported by referendum.”

      But today the governor said he had changed his mind and approved of online gambling as long the economic benefits were carefully weighed “against the risks of addiction, corruption, and improper influence.”

      The governor’s recommended extending existing prohibitions on casino-related employment for state employees and others with conflicts of internet, increasing funds for programs that treat compulsive gambling and requiring elected state officials to disclose current and former connections to companies seeking online gaming licenses.

      “With these goals in mind, I have concluded that now is the time for our state to move forward, again leading the way for the nation, by becoming one of the first states to permit internet gaming,” Christie wrote in his conditional veto. “I authorize this step towards modernizing Atlantic City’s entertainment attractions cautiously, with carefully constructed limitations that will ensure the highest integrity and the most robust oversight.”