Why Should Online Bingo Players Care About Poker?
The head of Caesar's Entertainment predicted that with "a little luck" online gambling could be a reality in New Jersey in 18 months to two years. Nevada has already awarded several online gaming licenses and Las Vegas casinos are partnering with online gaming companies that will provide the infrastructure for online gambling. For now Nevada plans to limit online gaming to poker but New Jersey many offer other games. The state of Delaware has indicated that it plans to offer residents a variety of games. Since the focus seems to be on poker why should online bingo players care about internet poker?
The answer is easy. States have indicated that if all goes well with interactive poker other games may be added in the future. Since the online bingo sector generates billions annually American operators will want to offer the lucrative game to American players. In New Jersey things may move a lot faster than the prediction by Caesar's. I. Nelson Rose, a professor at Whittier Law School and a leading gambling expert, stated "I don't see any reason it would take 18 months, let alone two years. I don't see any reason it wouldn't be up and operating by the end of this year." New Jersey is making a high stakes wager on internet gambling. Online gambling could change the gambling culture of New Jersey and could create the largest new revenue stream for the state in years.
Jersey Governor Chris Christie and legislators are hoping that online gambling will revive Atlantic City casinos after years of declining revenues due to out of state competition in Pennsylvania, Delaware and Maryland. Atlantic City casino revenues peaked in 2006 at $5.2 billion. Last year the casinos generated about $3 billion. Christie has bet big on Atlantic City. In 2010 he created a tourist district that is overseen by the state. He also offered $260 million in tax incentives to complete the upscale Revel hotel and casino which recently announced that it will file for bankruptcy.
Many are wondering what Nevada's next move will be. The state has extensive experience in the gambling industry so interactive gaming is a natural fit for casino operators. The state also plans to establish compacts with other states to provide online gaming infrastructure and services. Although most people believe Nevada online gaming will be limited to poker but in reality the Nevada law says nothing about poker. The legislations actually legalizes "interactive gaming" which can include just about any casino game including online bingo. Recent news reports indicate that another state is considering online gambling legislation. In Illinois an iGaming proposal was approved by the Senate Executive Committee on a 10-4 vote.
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