As New Jersey joins Nevada in the authorization of Internet gaming, there is only one law firm that combines online gaming joint venture negotiation and transactional experience with an unparalleled familiarity with Nevada and New Jersey gaming law and regulations.
Internet Gaming in New Jersey -
In New Jersey, the only entities eligible to obtain a permit to conduct Internet gaming (“IG Permit”) are holders of existing casino licenses (the “bricks and mortar” casino operators) and Internet gaming affiliates. Consequently, there are two different arrangements by which Internet gaming operations can be structured in New Jersey - first, by a holder of an existing casino license, working with appropriately licensed vendors providing the goods and services necessary to conduct Internet gaming operations; or second, by a company with expertise in Internet gaming that is affiliated with an existing casino licensee that obtains its own casino license and conducts the operations itself. Under either scenario the casino licensee must obtain an IG Permit, and each bricks and mortar casino is eligible for only one IG Permit,
“Internet gaming” is defined in New Jersey as “the placing of wagers with a casino licensee at a casino located in Atlantic City using a computer network of both federal and non-federal interoperable packet switched data networks through which the casino licensee may offer authorized games to individuals who have established a wagering account with the casino licensee and who are physically present in this State.”
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Topics: Casinos, Licenses, Online Gaming, Permits
Published In: Art, Entertainment & Sports Updates, General Business Updates, Science, Computers & Technology Updates, Zoning, Planning & Land Use Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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