DGE Authorizes Internet Gambling, Adelson Leads Charge to Prevent It

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DGE Authorizes Internet Gambling, Adelson Leads Charge to Prevent ItWe are in the final week of what has been a beautiful and chilly November and as the days roll off the calendar we have learned quite a few interesting things from the online gambling industry.

This week in particular has been a historical, fascinating and an eventful one as the DGE for New Jersey issued approvals authorizing to the Borgata Hotel Casino & Spa, Caesars Interactive Entertainment New Jersey, Caesars Interactive Entertainment- Affiliate of Boardwalk Regency Corporation, Golden Nugget Atlantic City, Tropicana Casino and Resort, Trump Plaza Associates and Trump Taj Mahal Associates to offer Internet gaming in the State of New Jersey.

Coalition to Stop Internet Gambling

The trial period for “soft play” launches were announced on 21st of November and scheduled to last five days. After which time the official date of 26th of November would then allow operators to open the flood gates with a full scale real money offering.

This edict by the Division of Gaming would nearly be foreshadowed by Sheldon Adelson’s Coalition to Stop Internet Gambling by using any means or “Whatever it Takes.” The 80 year old casino mogul has made an extensive fortune operating some of the finest casino’s in Las Vegas and Macau but is taking a stand saying “Internet gambling takes gambling too far.

Ultimate Casino Launches in New Jersey

However to contradict the rants of the surly tycoon, Ultimate Gaming recently spoke with Yahoo’s The Daily Ticker where he stated that the launch of the first real money poker room in Nevada saw a 5% increase in revenue at the land based casino of operation due to proprietary technology.

Ultimate Gaming, a subsidiary of Station Casinos LLC and their partner Trump Taj Mahal Associates launchedreal money online casino gaming in New Jersey this week with Ultimate Casino.
During the five day trial period ucasino.com will showcase its variety of casino-style games, that include classics such as blackjack, roulette, and slot games.

Online Casino Deposits Blocked

Banks and payment processors are refusing to play along with the steady flow of legal online gambling in the states as credit card issuers began to reject bet charges. By statements of Bank of America Corp., Wells Fargo & Co. and American Express Co., along with EBay Inc.’s PayPal, the companies are not willing to “offset the potential downside” by allowing the transactions.

The upside is both Visa and Mastercard have decided to allow gambling-related credit-card transactions where legalized internet gambling is allowed in the US.

“Visa has updated its procedures to code newly legalized Internet gambling transactions so that financial institutions can identify and process them in states where they are allowed.” – Rosetta Jones, a spokeswoman for Visa

However the banks not allowing the transactions say they are concerned over the liability that comes with players using their card-payment systems. According to Tom Breitling, chairman for Ultimate Gaming which is recently in soft play launch with Ultimate Casino, players will have a variety of payment options, including wire transfer, check by mail and cash deposits at the Taj Mahal casino in Atlantic City.

Perspectives Weekly

And its go time as J Todd takes a look at New Jersey online gambling. Be sure and watch and if the content moves you…leave a comment in the box below!

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