iGaming Industry
Could online gaming cafes be coming to New Jersey race tracks?
New Jersey’s General Assembly has approved a bill that would authorize horse racing tracks to offer casino-like gaming on their grounds in the form of internet gambling cafes.
The bill, A 4255, passed through the Assembly on Thursday with a 60-12-1 vote. Some in the assembly were bullish on the bill, but others have real reservations.
Since online gambling is already legal in New Jersey, nothing has stopped track visitors from gambling online on their smartphones, tablets, or laptops. This bill allows the tracks to operate legal internet gambling cafes on their premises.
The intent is to give track owners the ability to lure more visitors to the track since they will be able to gamble online in between races.
But in New Jersey, casino gaming is only legal in Atlantic City and all online gambling must go through a casino. In fact, just over a year ago, New Jersey voters overwhelmingly voted against a proposal to expand casino gambling to North Jersey. Nearly 80 percent of people voted no, helping Atlantic City retain its monopoly on gaming.
The new bill requires race tracks to work out a deal with a casino located in Atlantic City or an online affiliate of those casinos in order to offer online gambling services.
Critics fear race tracks in New Jersey will turn into “racinos” — a track with casino-like games — that will start installing computers, essentially cloning slot machines.
That’s not the view of Dennis Drazin, chairman and CEO of the Monmouth Park racetrack in Oceanport, it’s a win-win.
“The casinos should realize that absolutely nothing will happen unless they agree to allow it through an agreement with a track,” he said.“Nobody is forcing anything on them. This is really a win-win for the racing industry and the casino industry.”
Assemblyman Vincent Mazzeo represents New Jersey’s second congressional district, which includes Atlantic City. He was one of the 12 voters who voted against the bill and he sees the issue differently than most of his colleagues. He questions the bill’s legality.
“It specifically states in constitution of New Jersey that gaming is supposed to be done in Atlantic City and now they’re trying to expand it,” Mazzeo said. “They’re trying to do an end-around and go against not only the will of the people, but the actual law.”
The bill does not specify what these proposed internet cafes will look like.
For Democratic Assemblyman Ralph Caputo, and the 59 others who voted in favor of the bill, it goes back to one simple sentiment: Internet gambling cafes would attract more people and “the tracks really need the additional business.”
Caputo, who has experience as a former casino executive is co-sponsoring the bill
“I don’t get it, really,” he said. “I see it as a no brainer. The casinos and the tracks should be working together instead of fighting. They’re all fighting over Jersey dollars.”
Regardless of what the cafes will look like, Mazzeo stands firm in opposition.
“The problem is that if the Monmouth Racetrack, or say the Meadowlands, if they facilitate that internet cafe, I think that you’re expanding gaming outside of Atlantic City, which to me is illegal,” Mazzeo said.
In Delaware where gambling is also legal, the state’s three race tracks are also home to those casinos.
All these arguments on the New Jersey proposal become moot if the Atlantic City casinos don’t want to partner with the racetracks. Supporters of the bill are struggling to understand why some casinos wouldn’t want to do so.
While casinos and race tracks across the Garden State have seen their ups and downs, the online gambling industry is thriving.
Revenues from online gambling in New Jersey are set to reach $250 million this year. That’s the largest number of all three states that offer internet gambling.
The bill next heads to the state Senate.…
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Source: EEGaming.
BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.
As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.
Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.
BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.
Amusnet has announced its participation in the 23rd edition of G2E Las Vegas (Global Gaming Expo) at The Venetian Expo from October 7-10. As one of the largest expos globally, G2E provides a platform for the company to showcase products across its Online Casino, Live Casino, and Land-based verticals, positioning Amusnet as a prominent all-casino provider in the competitive iGaming industry.
“We are excited to attend G2E Las Vegas 2024 to present our latest online casino portfolio and Type S slot cabinets: our first-ever product series for Land-based casinos, designed to offer a competitive edge by combining Amusnet’s top-notch game portfolio with an immersive player experience. Our focus is on delivering solutions that maximize performance and cater to the evolving needs for both online and land-based casinos,” said Borislav Marinov, Head of Business Development, Land-based, at Amusnet.
Alongside its technical excellence, the premium Type S series showcases the company’s award-winning titles, including 20 Golden Coins, Extra Crown, Fruits & Gold, and Cocktail Rush. It also features Amusnet’s popular four-level bonus game, Jackpot Cards, along with other exciting features like Free Spins, Buy Bonus, Pick Me Bonus, and Symbol Upgrade.
Amusnet will host an activation featuring its premium slot cabinets at the upcoming expo, offering attendees the opportunity to experience the thrill of Type S in real time and win exciting gifts.
SoftGamings, the market leader in iGaming solutions and services, announced the arrival of the Tobique Gaming License on the market. The move reflects the company’s commitment to enhancing regulatory compliance and expanding its footprint in the competitive iGaming industry.
Tobique Gaming, managed by the Tobique First Nation in western New Brunswick, Canada, oversees the issuance of online gambling licenses through the Tobique Gaming Commission (TGC) — a regulatory body established under the Tobique Gaming Act of 2023. This initiative is known for its stringent standards and emphasis on responsible gaming. Furthermore, it promotes economic development within the Tobique First Nation community.
The Tobique Gaming license provides operators an entry point into the online gaming and gambling industries. With it, businesses and iGaming operators can conduct operations in various global regions and offer multiple services, from betting to casino games and lottery promotions. The best of all is the streamlined application process, which lasts only 4 to 6 weeks.
SoftGamings is fully prepared to support clients and those interested in obtaining this license. Leveraging its innovative technology and diverse game portfolio, SoftGamings is ready to support clients in navigating the application process and leveraging the benefits of the Tobique Gaming License. The company’s comprehensive services include game development, casino management systems, and payment integrations, making SoftGamings a preferred partner for numerous operators and developers worldwide.
Consequently, helping the clients obtain the Tobique Gaming license and being an entry point represents a significant milestone in SoftGamings’ ongoing efforts to refine its service offerings, maintain the highest standards of gaming integrity, and bolster its regulatory standing. As the company moves forward with this licensing process, it anticipates a positive impact on its operations and continued success in delivering exceptional gaming solutions to its global clientele.
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