This week saw a history making change in Atlantic City as the regulations governing mobile gambling came into force on Tuesday as the state Division of Gaming Enforcement announced that the regulations allowing such devices have now gone into effect following the signing into law of mobile gambling legislation by Governor Chris Christie in August.
The New Jersey state legislature has pushed for a number of changes to state law that are designed to boost the staggering Atlantic City casino industry.
SB1323 makes various changes regarding regulation of casino gaming; limits use of certain Casino Reinvestment Development Authority assets and revenues and permits use of mobile devices at casinos and racetracks to place wagers on sports or athletic events.
“New Jersey’s casinos are the economic engine of South Jersey, and we need to give them the regulatory flexibility to adapt to new technologies and new practices within the larger nationwide industry,” said Senator Whelan, D-Atlantic. “We’ve already seen handheld, mobile gaming devices being successfully implemented at facilities in Las Vegas, and now these gaming devices will be coming soon to casinos in Atlantic City. By keeping pace with new technology and new advances in gaming, we can make sure that Atlantic City is on a level competitive field with our main competitor to the West.”
“With the Jersey Shore as a backdrop, Atlantic City has a leg up on its competitors in Las Vegas and around the country, and I believe that mobile gaming devices could create a significant new revenue stream for our casinos,” said Senator Whelan. “This new law contains the appropriate safeguards to prohibit underage gambling, and to ensure that mobile gaming devices will be governed by the same rules and regulations as any other authorized game of chance. But as part of a larger effort to keep our casinos competitive, mobile gaming devices will be a welcomed new addition to casino wagering in the Garden State.”
“The new provision, that CRDA resources stay within Atlantic City, is a huge win for our casino industry and for the city as a whole,” said Senator Whelan. “At the end of the day, this provision will ensure a dedicated revenue stream, and dedicated resources to promote the city, encourage development, and maintain the infrastructure to keep Atlantic City a thriving casino and resort destination. This change in the law alone should be a slam dunk for Atlantic City, but taken with the mobile gaming provision, this is a huge step in the right direction to maintain Atlantic City as a nationwide leader in gaming.”
Reported by Maggie B.
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