Online gambling legislation in New Jersey is moving ahead at a fast pace. In April the Senate Budget and Appropriations Committee passed some online gambling legislation, and the New Jersey State Assembly has now passed a similar bill.
A number of lawmakers and gambling industry leaders in New Jersey feel it is extremely important that their state be the first to legalize online gambling, especially ahead of some of the competition, such as Nevada, Iowa, and California.
Brick and mortar casinos in Atlantic City are operating at greatly reduced incomes at this time, having shown much reduced revenue over the past three years, at least in 35 months out of the 36 months.
This week, Lock Poker signalled its intention to expand operations after announcing it was to leave the Merge Gaming Network and acquire the assets of the Cake Poker Network in order to launch its own network called Revolution Gaming on June 1st.