Posts Tagged ‘Ray Lesniak’

New Jersey Legalizes Online Poker

by | 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 Pokerstars who are currently seeking approval to buy the Atlantic Club Hotel Casino allowing them to offer games to residents of New Jersey.


New Jersey Poker Bill Conditionally Vetoed By Governor

by | Published: Sunday, February 17th, 2013

New Jersey Governor Chris Christie has vetoed the online poker bill but has done so conditionally meaning online poker will eventually be available in the state.

A conditional veto means that Christie wants some minor changes made to the bill before it is official ratified.

“This bill represents an important policy decision for the residents of New Jersey, and a historic opportunity to continue the State’s leadership as a premiere destination for tourism and entertainment,” Christie said in a written statement.

“Such a significant step must be carefully considered, balancing the benefits of job creation, economic development, and the continued revitalization of Atlantic City against the risks of addiction, corruption and improper influence.”

The Poker Players Alliance said they are pleased with the result and praised the efforts of New Jersey residents who pushed for the introduction of the bill.

“Today, Governor Christie took a critical step toward re-building New Jersey’s economy and establishing strong standards so that Internet gaming will be enjoyed responsibly,” PPA Executive Director Phil Pappas said.

“While the New Jersey legislature has some work to do before this bill becomes law, we believe this is a victory for New Jersey residents who reached out to the Governor in droves expressing support for this bill.

“Now, New Jersey is well positioned to serve as a leader in the innovative Internet gambling market and can pave the way for other states to adapt similar structures moving forward.

“We urge the legislature to act swiftly to pass this important legislation.”

Senator Ray Lesniak, who sponsored the bill, was delighted to finally see it pass and said he is extremely exciting for the future of online gaming in New Jersey.

“The sky is the limit,” Lesniak told Card Player about the future of the online poker in the state.

New Jersey Senate Passes Internet Gambling Bill

by | 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.

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