Online Casino Transfer: News - Brennan Speaks Up

04/16/2010		Online Casino Style: News Brennan Speaks Up - 1
Home History Games News Dictionary		With a number of states across the United States considering the legalization of online gambling in one form or another, the question of who and what organizations support such measures is becoming increasingly important. One of the most influential groups in the American gaming world, that of Interactive Media Entertainment and Gaming Association (most commonly referred to as simply iMEGA) has released a statement on the issue, issuing an official statement. The catalyst seems to be the progress that Atlantic City, New Jersey is making in efforts to legalize at least one facet of internet gambling: sports betting online. It has been suggested that New Jersey establish an intrastate online sports betting platform, means by which punters will be able to bet on their favorite teams and events over the web, so long as the bets are confined to within state borders. It would be a welcome resource for new taxation funds, a levy that most of the population wouldn’t feel unless they took advantage of the new system. Joe Brennan Jr spoke out on the topic, representing the iMEGA group with a valuable opinion heard round the online gambling community. His encouragement to politicians to go ahead and sign the legalization measure is a clear indicator of Brennan’s support, confirmed this week with his statement. His say couldn’t have come at a better time, as the legislators sit down to conduct hearings on the issue. His opinion was submitted with the title of “Public Hearing on Sports Wagering, Atlantic City,” remarking within that it’s one of the simplest and clear cut options to the budgetary crisis, as funds in sports betting are “everywhere, in full view, for all to see.” In addition to the tax dollars that legalization of the intrastate system would create, it would also create jobs – a rare commodity in many communities. And contrary to what one might assume, the change would drive visitors and their revenue in the local casinos, as the websites will all be linked to live bookie operations. Take for example Las Vegas: sports betting is legal, and that very fact is reason enough for many tourists to make their vacation plans in the city of Sin, opening up an opportunity for the east coast equivalent in Atlantic City to compete on a new level. The wagers themselves at that point become distant, as the profits from the tourism dominates the revenue field. Many of the gamblers traveling to Las Vegas to bet on sports are from the tri-state area (Pennsylvania, New York and New Jersey), bettors that would undoubtedly rather stay closer to home if the same betting options were available. "And here, in Atlantic City?” compares Brennan, “Unfortunately, there will not be that same influx of visitors and revenue, because regulated sports wagering is not permitted in New Jersey." to be continued in Brennan Speaks Up - 2

04/16/2010

Online Casino Style: News
Brennan Speaks Up - 1

With a number of states across the United States considering the legalization of online gambling in one form or another, the question of who and what organizations support such measures is becoming increasingly important. One of the most influential groups in the American gaming world, that of Interactive Media Entertainment and Gaming Association (most commonly referred to as simply iMEGA) has released a statement on the issue, issuing an official statement.

The catalyst seems to be the progress that Atlantic City, New Jersey is making in efforts to legalize at least one facet of internet gambling: sports betting online. It has been suggested that New Jersey establish an intrastate online sports betting platform, means by which punters will be able to bet on their favorite teams and events over the web, so long as the bets are confined to within state borders. It would be a welcome resource for new taxation funds, a levy that most of the population wouldn’t feel unless they took advantage of the new system.

Joe Brennan Jr spoke out on the topic, representing the iMEGA group with a valuable opinion heard round the online gambling community. His encouragement to politicians to go ahead and sign the legalization measure is a clear indicator of Brennan’s support, confirmed this week with his statement. His say couldn’t have come at a better time, as the legislators sit down to conduct hearings on the issue.

His opinion was submitted with the title of “Public Hearing on Sports Wagering, Atlantic City,” remarking within that it’s one of the simplest and clear cut options to the budgetary crisis, as funds in sports betting are “everywhere, in full view, for all to see.” In addition to the tax dollars that legalization of the intrastate system would create, it would also create jobs – a rare commodity in many communities. And contrary to what one might assume, the change would drive visitors and their revenue in the local casinos, as the websites will all be linked to live bookie operations.

Take for example Las Vegas: sports betting is legal, and that very fact is reason enough for many tourists to make their vacation plans in the city of Sin, opening up an opportunity for the east coast equivalent in Atlantic City to compete on a new level. The wagers themselves at that point become distant, as the profits from the tourism dominates the revenue field. Many of the gamblers traveling to Las Vegas to bet on sports are from the tri-state area (Pennsylvania, New York and New Jersey), bettors that would undoubtedly rather stay closer to home if the same betting options were available. "And here, in Atlantic City?” compares Brennan, “Unfortunately, there will not be that same influx of visitors and revenue, because regulated sports wagering is not permitted in New Jersey."

to be continued in Brennan Speaks Up - 2