It’s good to become a casino industry lobbyist or attorney New that is representing Jersey gaming, in line with the latest reports (Image: thepublici.com)
Everybody understands that whenever it comes to gambling, the house always wins. In the full case of online gambling in New Jersey, it appears that the lobbyists and solicitors do pretty well for themselves, too.
Support Services Make Bank
In accordance with disclosures posted by the nj-new Jersey Division of Gaming Enforcement, the on line gambling industry has resulted in $50.3 million in payments to lawyers, lobbyists, and other professionals since mid-2009. The numbers came just days before the revenue that is first are scheduled to be released for New Jersey casino web sites, and are section of an unusual requirement in New Jersey that demands disclosures for several expert payments.
‘Many states have statutes requiring public disclosure of revenues by lobbyists, including New Jersey, but this is the first time I have ever heard about a gaming regulatory agency needing disclosure of payments to lawyers,’ stated Nicholas Casiello Jr., a lawyer using the Fox Rothschild company’s video gaming team in Atlantic City.
This first report covered everything from July 2009 through December 2013, with future reports being made public on a basis that is quarterly.
The biggest ‘winner’ in terms of legal services was Brownstein Hyatt Farber Schreck, L.L.P., which made $1.89 million in legal charges. That’s in addition to another $2.83 million from activities described as a mixture between lobbying, consulting and legal services, bringing their total haul to $4.72 million.
However, the disclosures also showed just how site that is unclear were about what exactly they had to report. A few of the reports featured payments associated to lobbying outside of Internet gaming issues, while others included expenses that came from online gambling efforts in other states.
The level of detail in the reporting varied significantly because well. The Borgata simply reported two categories of re payments: one to a lawyer, plus one with a lobbying group. On the other hand, Amaya Gaming Group and Ultimate Gaming included everything that might possibly be relevant, down up to a payment of $19,380 to a mathematician to help develop games that are online.
Lobbying businesses did instead well, collecting an overall total of $3 million from organizations in the industry since 2009. The biggest chunk of that money went to Public Strategies Impact, which took in $37,500 every quarter from Caesars Entertainment. Some individuals had been reported to have received payments that are large too: TV poker personality Mike Sexton took in between $100,000 and $300,000 a year from Bwin.Party in order to be their brand name ambassador.
Not Absolutely All Were Revealing
Probably the more aspect that is surprising of disclosures was which and how many companies involved in New Jersey’s online gambling industry really complied with the requirement to disclose payments. According to reports, only about 40 percent of this firms which should have now been required to file ‘Web Gaming Disclosure Statements’ actually bothered to do therefore. However, that number is just a bit misleading, as all the players that are major the industry presented their statements, while secondary businesses involved in the industry were spottier in their involvement.
‘Each of hawaii’s 11 casinos has filed and all sorts of seven of their state’s licensed Internet platform providers have filed the division’s disclosure type,’ stated Lisa Spengler, representative for the Division of Gaming Enforcement. ‘The unit intends to adhere to up with licensed vendors that have not yet submitted a reply.’
Unlucky descent that is seven-Year Atlantic City Falls Below $3 Billion
It is been a run that is seven-year of fortune for Atlantic City’s casinos, revenue-wise. (Image: Moonbeam 13)
It’s amazing what a difference seven years will make. Atlantic City which had been going strong and winning $5.2 billion from gamblers in 2006 has seen seven straight several years of decreasing revenues, culminating in the town’s 12 (now 11) casinos bringing in less than $3 billion in gambling revenues for the time that is first 22 years in 2013.
The exact figure that was released recently by this new Jersey Division of Gaming Enforcement came to $2.86 billion, or near to a five percent drop from the $3 billion the casinos brought in during 2012.
There have been many contributing factors over the years that have kept the losing streak going for Atlantic City’s casinos. But whilst the 2008 recession therefore the damaging ramifications of Hurricane Sandy in 2012 definitely harmed the gambling resort, the true number one reason for the decline was increased competition from nearby casinos.
In fact, the downturn coincides exactly with the 12 months once the region began getting ultimately more competitive for casino operators overall. In 2006, the very first casino ended up being built in Pennsylvania, providing gamblers particularly casual casino site visitors a destination closer to home. Nowadays there are 12 Pennsylvania casinos, and also as of 2012, they were bringing in more money in total than their Atlantic City counterparts.
The decline had real-world implications at the start of 2014, as the Atlantic Club Casino Hotel shut down mid-January, leaving the populous town with only 11 operating casinos.
Can Web Gambling Save the afternoon?
Nevertheless, industry insiders say that they expect this trend to reverse itself in 2014, as the introduction of online gambling should offer a much-needed boost in profits during the approaching year.
‘Obviously it’s disappointing to see another year where it is a decline,’ said Tony Rodio, head of the Casino Association of nj-new jersey and president associated with Tropicana Casino and Resort, which snatched up a bit of the Atlantic Club and certainly will be using the majority of the casino’s gaming gear. ‘But hopefully by the addition of Internet gambling, we think you are going to see an increase in 2014.’
The 2013 figures that are annual the first-ever to include on the web gambling revenue in New Jersey, as the state’s online casino market launched in late November. Overall, gambling enterprises took in $8.4 million in winnings during that time. The lion’s share of the revenue ended up being split between the Borgata and Caesars Interactive, which combined to bring in $6.1 million of that total.
The largest champion of all was the Borgata, which won $3.7 million on its PartyPoker-branded online gambling sites.
‘ Our system has attracted the largest pool of players in this new Jersey online market, allowing us to provide our customers a wide choice of games and table stakes at all times,’ stated Keith Smith, president of Boyd Gaming (a firm that owns half of the Borgata). ‘This gives our community a significant competitive benefit and positions us for further success.’
According to Smith, there clearly was also evidence that the online casinos were bringing in additional revenue, as opposed to simply money that is shifting land-based operations towards the online.
‘When matching our online and land-based databases, we discovered that 60 percent of online casino customers had not been to Borgata in over a year, and over 75 per cent had made fewer than two trips to Borgata in the past 12 months,’ said Smith. ‘And for a basis that is combined on line and land-based poker revenue at Borgata was up more than 40 % from our land-based play in December 2012. Clearly, online gaming is complementary to our business that is land-based competitive.’
Nevertheless, it’s not yet certain whether online gambling shall be the city’s financial savior. Overall, casinos took in $222 million in December 2013 including their websites on the internet which was still down slightly from the $223.5 million they took in during December 2012.
Poker web Site 888 Wants Hakeem Nicks to Add an 8 to their Jersey
NY Giants wide receiver Hakeem Nicks will have an extra ‘8’ on his team jersey, if poker site 888.com gets their way (Image: BSO.com)
In the overcrowded arena of ways to get the title available to you, sometimes you just have to think outside the box. That’s the thinking, apparently, associated with marketing geniuses at 888.com, a poker that is online now licensed in the newly launched nj-new Jersey Web casino market, when they offered New York Giants wide receiver Hakeem Nicks $88,800 to legally change his name to 888.com.
Anything for Attention
While pretty demonstrably just a publicity stunt to get shmucks like us to write up the story, it is unlikely that a search for under $89K will probably get a pro football player all that excited; heck, these guys spend that much on bottle service on any given nevada week-end. But it is a catchy press release and an amusing concept. More than that, it’s at least in part in a reaction to last week’s first-time-ever advertising alliance between an on-line poker site partypoker.com and two major sports that are pro: the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.
Of course, ya gotta have gimmick, as Gypsy Rose Lee once said ( at the least in the musical about her), which means this is 888’s.
‘We’re excited that 888.com is ready to go in nj-new jersey,’ said 888 Holdings CEO Brian Mattingley. ‘with other area notables as we consider 888 to be the premier gaming site in the Garden State, we thought it was appropriate to align ourselves. We couldn’t consider a more fitting local athlete than Big Blue’s very own number 88, Hakeem Nicks. We are also aware that Hakeem’s contract is up, that he sees this as a gesture to remain and being an opportunity to benefit an area charity that he supports. so we hope’
Never hurts to toss in a few community feel-good elixir either, does it.
Nicks Not Biting
Also not too surprisingly and vaguely reminiscent of a present cryptocurrency launch that used Kanye West’s name despite the fact that he had no real participation myfreepokies.com with the item Nicks hasn’t responded, let alone said yay or nay. It’s been a year that is tough Nicks; he caught 56 passes for 896 yards, giving him on average 16 yards per catch, and also had 14 catches for 20-plus yards along with his longest going for 57 yards. However, he went the whole season without reaching the end zone.
While nobody really believes he will take 888 up on this creative offer at least perhaps not at this price point if he did choose proceed, there’s an entire bunch of paperwork to be mindful of, as anyone who’s ever gotten married or divorced can attest. Besides the usual trips towards the DMV to alter his license, another someone to the Social safety office, passport office and any and all financial institutions, Nicks will have to get yourself a papal blessing through the NFL.
Then trade in his current team jersey for a new one saying ‘888’ which would be a publicity victory worth a whole bunch more than $88,800 for the poker site if that were to happen and there is the precedent of Ocho Cinco, who changed his name from the more mundane Chad Johnson back in 2008 Nicks would.