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Could online gaming cafes be coming to New Jersey race tracks?

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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.

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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.

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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

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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.

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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.

The post Could online gaming cafes be coming to New Jersey race tracks? appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

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Alejandro Navarro

Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform

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Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.

Opening Casino Ownership to Everyone

The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.

This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.

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“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.

Direct Profit-Sharing Through Tokens

Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.

“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.

Global Growth of Online Casino Ownership

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The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.

Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.

The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.

New Opportunities for Investment

Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.

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Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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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.

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