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Glu Mobile, Inc. Message Board

  • tangsting tangsting Feb 7, 2013 2:16 PM Flag

    Christie is allowing internet gambling in NJ

    Good news for GLU Mobile and ZYNGA. Not good news for shorts.

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    • teehee

    • Christie backs Internet gambling for New Jersey despite conditional veto
      Updated 5 hours ago | By HOA NGUYEN, Staff Writer

      Gov. Chris Christie will allow the state to legalize Internet gambling but is issuing several recommendations, including that the legislature limit the activity for 10 years, according to a 31-page veto statement Sen. Raymond Lesniak, D-Union, said the governor released today.

      “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,” the governor said in his statement, which Lesniak provided to The Press of Atlantic City.

      While saying he supports authorizing Internet gambling, Christie said he wants future leaders to decide after 10 years whether Internet gambling should be authorized and amended if they decide.

      “I recommend that this law authorizing Internet gaming in New Jersey sunset after a period of ten years, giving future leaders the perspective and opportunity to revise and renew Internet gaming as appropriate,” he said in his statement.

      Internet gambling also would be taxed at 15 percent rather than 10 percent, under the governor’s recommendation. Christie also said he wants compulsive gambling programs to be better funded.

      Lesniak said he was pleased by the governor’s action, and that the legislature would proceed with crafting a revised bill based on some of the governor’s recommendations.

      “It’s a big day in Atlantic City,” Lesniak said.

 
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