Sen. Lesniak Reveals Plans to Allow Entry of Offshore Internet Gambling Firms in NJ

Sen. Lesniak Reveals Plans to Allow Entry of Offshore Internet Gambling Firms in NJ

November 25, 2013 ‐ adminPosted by ‐ Under: Casino News

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State Senator Raymond Lesniak recently announced plans to propose laws that would allow New Jersey’s future development as an international licensing and gambling hub. The NJ state senator made his announcement last Thursday, while Atlantic City casinos deemed as good to go, were about to launch their respective Internet-based gambling facilities for a  5-day trial run.

Although the industry is, still in its nascent stage, Senator Lesniak believes that the NJ Division of Gaming Enforcement’s (NJDGE) tough, yet reasonable regulatory stance will likely attract offshore online wagering firms. He voiced his confidence that by putting New Jersey in the same league as the governments of Malta and Gibraltar, gambling companies would seek licensure and transfer their home base in New Jersey, as a way to enhance the integrity and credibility of their online wagering services and facilities. Interactive real money offerings, however, will not be available to players located in non-gambling or non-participating jurisdictions.

Apparently, Senator Lesniak is unfazed with the battle against online gambling currently being waged by Las Vegas Sands casino mogul Sheldon Adelson. The latter previously declared his disapproval of online betting operations to take form as a valid U.S. industry, and is now making threats of using his financial resources to support movements that aim to ban Internet wagering in U.S. soils.

In an earlier statement, Senator Lesniak vowed to stop Adelson right in his tracks as he considers the billionaire octogenarian’s views and arguments as outdated and no longer applicable in this day and age. Still, the NJ state senator is not overlooking the possibility that someone in Congress would actually pass a bill in support of Adelson’s anti-online gambling stance.