New Jersey One Step Closer to International Gaming

New Jersey Senator Ray Lesniak has been pushing Atlantic City regulators to approve licensing and regulation of foreign online gambling companies and as of Monday the Senate Government, Wagering, Tourism and Historic Preservation Committee approved a bill making this possible.

The bill will see foreign gambling firms licensed in New Jersey pay 15 percent tax as required by all other New Jersey casinos do on Internet revenues. There was a section that would have required applicants to contribute to a fund to raise $20 million each year which would go toward the NJ horse racing industry but this was eliminated.

In support of the bill, state Senator Jim Whelan said: “This gives Atlantic City the opportunity to build and expand on its casino business.”

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