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New Jersey Doesn’t Approve Internet Gambling Restriction
New Jersey Doesn’t Approve Internet Gambling Restriction

New Jersey Doesn’t Approve Internet Gambling Restriction

16.01.2018 17:54
New Jersey Against New Internet Gambling RulesParticular individuals who are members of the Congress from the Garden State have written a letter to the responsible “DOJ”, US Department of Justice with an act of opposing and disapproval of every plan that Trump and his administration have a sudden restriction on states allowing regulated online betting.
Advocates of a prohibition on controlled online betting are requiring the presentation of Restoration of America's Wire Act (RAWA) regulation that would return the prohibition in regulated online betting, which was on standby by US Department of Justice conclusion from 2011.
Among the advocates who are for the restoration and who most recently sent a letter to US Department of Justice are Sheldon Gary Adelson Casino magnate, investor, and philanthropist. Adelson is the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore, and is the parent company of Venetian Macao Limited, which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. He also owns the Israeli daily newspaper Israel Hayom and the Las Vegas Review-Journal.
He is a member of the Republican Party and made the largest single donation ever to an incoming president's inauguration when he gave the Trump inaugural committee five million dollars. As of November 2017, Adelson was listed by Forbes as having a fortune of US$37.2 billion.
In a letter to Attorney General Rod Rosenstein, who served as the United States Attorney for the District of Maryland from 2005 to 2017, two senators from the state and eight members of the New Jersey Congress count on US Department of Justice to keep in the same condition from 2011 which is the prohibitions in the 1961 Interstate Wire Act only apply to sports betting.
The letter gives reason to casts doubt on opposition state that online betting can be really harmful, saying: “When the Department issued its opinion, critics predicted an avalanche of state legislation ‘would turn every smartphone, tablet and personal computer in our country into a casino available 24 hours a day, 7 days a week’. These doomsday scenarios have not come to pass.”
However, the letter goes on credit that increases the activity of Atlantic City, saying: “This growth in revenue is in large part due to significant capital investment by the state in online gaming facilities, equipment, and technology that makes online gambling safe and secure.”
Most recent numbers from the Division New Jersey of Gaming Enforcement strengthen the announcement, with regulators confirming gross revenue for 2017 of $245.6m, which is increased to almost 25% in year-on-year examination from the $196.7m reported during 2016.
Month to month incomes in the poker rooms and the online casinos from the states have not dropped below $20m for ten straight months, last falling below was in February 2017.
At the end, New Jersey’s letter tends to any proposed clampdown saying: “Placing a blanket prohibition for online gambling would be an antiquated approach to a 21st century issue, punishing states like New Jersey which have invested in creating a safe and secure online gaming structure, while also permitting black market operators to put millions of American’s at risk.”
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