Posts Tagged ‘John Pappas’
by Bridget Wright | Published: Tuesday, February 26th, 2013
New Jersey has become the third state in the United States to legalize online poker with Governor Chris Christie signing the bill today
The bill allows Atlantic City casinos to offer online versions of their casino games with Poker expected to be the most popular option.
Online play will not begin until the New Jersey Division of Gaming Enforcement sets a start date; which could take between six to twelve months although State Senator Ray Lesniak is hoping for bets to hit the virtual tables by September.
“I think the fall is a somewhat aggressive timetable but certainly doable, particularly since we put our stamp of approval on this so quickly,” Lesniak said.
The Poker Players Alliance was delighted with the move and praised Governor Christie and New Jersey legislators for their efforts.
“New Jersey has gone all in,” Poker Players Alliance Executive Director John Pappas said.
“Residents now will have access to a safe and regulated online gaming market, and the state will have a new source for revenue and job creation – something the federal government has failed to do thus far.
“The U.S. represents the largest percentage of Internet poker players worldwide, so there is clearly a want and a need for a legal and regulated online gambling market.
“New Jersey will now serve as a leader in this thriving industry.”
New Jersey has joined Delaware and Nevada as the only states to legalize online poker but Pappas believes this could be the turning point that begins a succession of states legalizing online gambling.
“New Jersey’s online gambling market will serve as an example to pave the way for other states wanting to adopt similar structures and could potentially lead to online interstate gambling among participating states,” Pappas said.
“The online gambling industry in New Jersey is expected to grow to $1.5 billion over the next five years, providing up to $150 million in annual tax revenue to the state and bringing in thousands of high tech jobs.”
Senator Lesniak is hoping that New Jersey is aggressive in courting other states to use New Jersey as their example for online gambling regulation.
“We need to get aggressive in courting other states to hook up with us,” Lesniak said.
“I expect the momentum to grow once states see the success we’re having with it in New Jersey.”
The news has come as a boost to Pokerstars who are currently seeking approval to buy the Atlantic Club Hotel Casino allowing them to offer games to residents of New Jersey.
by Bridget Wright | Published: Saturday, December 29th, 2012
The New Jersey Senate passed their online gambling bill by a vote of 33-3 in a session of the house on Thursday.
The bill authorizes Atlantic City casinos to hosts websites that offer online poker and other casino games that will be available for residents of New Jersey.
The bill will now be sent to the desk of Governor Chris Christie who has the power to veto the bill if he sees fit.
This time last year the bill was passed by the Senate but was vetoed at the last minute by Christie.
Senator Ray Lesniak is one of a number of Senators who are desperately hoping that history doesn’t repeat itself.
“I hope the governor will sign as soon as possible so we can save jobs, create jobs in Atlantic City and bring much-needed revenue to our casinos and the treasury of the state of New Jersey,” Lesniak said.
“It would be a life boat that our casinos could hold on to in anticipation of not only getting additional revenue but being able to attract more people to Atlantic City through the use of comps.”
The Poker Players Alliance was delighted with the passing of the bill and commended the New Jersey Senate in a statement released today.
“Even though the U.S. Congress has stalled on its effort to pass a bill, the inevitability of regulated online poker proceeds in New Jersey,” Executive Director John Pappas said.
“I am encouraged that this legislation has advanced through the state legislature and is now before Governor Christie for his consideration.
“With such an overwhelmingly supportive vote, it is clear New Jersey’s state senate has recognized the incredible benefits this legislation will provide for residents and the state’s overall economy.
“On behalf of the thousands of poker players living in New Jersey who have been eagerly waiting for a safe and fair environment in which to play online poker, I urge Governor Christie to sign this important bill into law.”
It has been reported that Poker Stars is looking into buying a struggling Atlantic City casino so that they could return to the United States market.
You can follow all the developments in this story here at poker.com.
by Bridget Wright | Published: Wednesday, December 19th, 2012
The effort to pass online poker legislation before the end of the year in the United States Congress has ended.
Senate Majority Leader Harry Reid announced that the bill had run of time to pass in this legislative calendar.
Reid expressed his disappointment but said he would continue to fight for the bill.
“I remain committed to this issue and it will be a priority for us in the new Congress,” Reid said.
The Poker Players Alliance, the leading poker advocacy group that has over one million members, expressed their disappointment with Executive Director John Pappas releasing a statement yesterday.
“It is an extremely disappointing end to a year where tremendous progress was made,” Pappas said.
“I am most upset for the players, who have been calling on Congress for years to pass an Internet poker law that protects consumers, restores their freedoms and raises revenue.
“While I don’t think these voices have fallen on deaf ears, I am discouraged that Congress could not coalesce around a solution in the wake of the ongoing fiscal cliff crisis.
However, Pappas was quick to say that the fight was not over and that the Poker Players Alliance would continue to work with Senator Reid and push for the implementation of the bill.
“I hope all the stakeholders can put finger pointing aside, learn from this year’s failure, and begin the fight anew for 2013,” Pappas said.
“We are pleased that Senator Reid intends to push again in early 2013 and we will fight with him, but we are mindful that many states will move forward next year and the PPA must be at the forefront of those efforts as well.”
A California online poker bill is expected to be reintroduced to the state Senate within the next week.