37 firms apply for internet gambling licenses in NJ

Online gambling news by SBR

37 firms have applied for internet gambling licenses in New Jersey. The Division of Gaming Enforcement in NJ has confirmed that the applications were received by Monday's deadline. Names will not be made public until the applications are approved. SBR reported on February 26 that NJ Gov. Chris Christie signed a bill legalizing internet gambling.

Under terms of the internet gambling bill, players must be physically present in New Jersey to play. Games offered include the traditional casino favorites as well as internet poker.

SBR reported on July 4th that online poker giant PokerStars partnered with Resorts Casino Club in AC. PokerStars had initially been attempting to receive approval to takeover the Atlantic City Club Casino Hotel, that deal fell through.

Sports betting will not be included in the internet gambling line-up. New Jersey is currently in federal court attempting to overturn federal statute PASPA (Professional and Amateur Sports Protection Act) which outlaws sports betting nationwide with the exceptions of Nevada, Delaware, Oregon, and Montana. Legal analysts expect the case to ultimately end up in the Supreme Court, with a final ruling made within the next two years.

New Jersey's internet games are expected to be up and running by November 2013.



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