Posts Tagged ‘casino games’

New Jersey legalizes Online Gambling

Tuesday, February 26th, 2013

Online gambling took another big step in the United States after New Jersey legalized online poker and casino games. Governor Chris Christie signed the bill into effect today, making New Jersey just the third state behind Delaware and Nevada to legalize internet gambling.

After vetoing previous gaming bills in 2011 and early 2013, Christie finally approved the legislation this time around. The big reason why was that this bill made certain amendments to Christie’s liking such as raising funds for gambling addiction programs from $150,000 to $250,000, and increasing taxes on online gaming revenues from 10% to 15%.

Another major reason why Christie eventually passed this online gaming bill was because of New Jersey State Senator Ray Lesniak. After being rejected last month, Lesniak reworked the bill and got it back on Governor Christie’s desk. He stated:

If at first you don’t succeed, try, try again. It’s been an unnecessarily long road, but we finally got there. It’s a relief. I didn’t want to have to go through this a third time, but I’ll tell you I was prepared to. The governor knew I wasn’t going away, and unfortunately neither were the problems of Atlantic City.

From the get go, the governor has been on the wrong side of what is necessary to save jobs in Atlantic City and grow the gaming industry there and in the state. It was a real struggle to get him to change his viewpoint, but thankfully he did. Better late than never.

Helping revive Atlantic City was a big selling point in getting this bill passed. Atlantic City has seen its casino revenue decline from a peak of $5 billion in 2006 to $3 billion in 2012. Now the city’s casinos will be able to offer online poker and casino games to both state residents and visitors.

This certainly works out in PokerStars’ favor, which purchased the Atlantic Club Casino just weeks ago in anticipation of legalized New Jersey online gambling. Now it’s looking more and more likely that Stars will be able to gain a foothold in the US online poker scene again.

Struggling Zynga Poker grasping at Mobile Straws

Tuesday, October 16th, 2012

Social gaming giant Zynga really shows what a difference a year can make. After all, Zynga was going strong around this time last year and had Wall Street fascinated with their initial public offering. Fast-forward to now and Zynga has seen their stock plummet from $10 (December, 2011) to just $2.21 a share and is mired in another nasty legal battle – this time with game-maker Kixeye, which allegedly stole the CityVille concept.

The Good

If there’s anything good happening for the company at this point, it’s that Zynga Poker is still going strong with over 37 million members. Sure growth has slowed, but their large membership base shows that people still have a strong desire to play free poker. FarmVille 2 is experiencing even more success with over 50 million players since a September launch. But even with the success of FarmVille 2 and Zynga Poker, the company still needs some help.

Zynga’s Future

Like many online gaming companies, Zynga has been dedicating a lot of time towards the mobile market. And it’s a good thing too because many feel that the social gaming kingpin needs to focus on mobile games or else they’ll continue to struggle. So far they’ve developed “The Ville” and “ChefVille” and are working on other games.

Real Money Games

Of course, the bigger future of Zynga could be real money gaming. The company has currently been interested in real money poker and casino games. And their social network partner, Facebook, has already entered the UK market with a real money bingo game. Zynga doesn’t plan on going into the international market right now, but they would like to get a license in the US if legislation opens up more. Perhaps then, the company can start to turn things around and improve their landsliding stlcoks.