There has been a lot of talk and accusations on matters regarding the conditional veto exercised by the New Jersey Governor Chris Christie on the online gambling bill. Many people have aired their opinions and expectations after the signing of the bill into law. Even before the signing of this bill into law, there was a lot that had been speculated about the course of action that Chris Christie would take with regards to this bill. Nonetheless, after all that and the much confusion that had surrounded this matter, things have settled and now we can see some positive aspects that the law has brought into effect. If you wish to enjoy perks better than other players, go for sa gaming. Make use of sa game vip account that will give you additional advantages over other players and simulataneously you can also enhance your gaming skills.
Senator Lesniak who was the prime mover of the bill has already accepted the recommendations made on the bill by the governor and he has in fact set the date of March 18th as the day that the amendments would be completed. There are various issues that the governor outlined clearly in the 31-page veto. These things include the trial period of ten years and the 15% tax rate. In the bill that was signed by Christie into law, it is noted that the governor did not seclude companies that have had disputes or disagreements in the pas with US Department of justice from partnering with other stakeholders such as the Atlantic City casino companies.
There were many rumors that had been spread about this bill before it was signed into laws. One of the rumors and one which brought a lot of fear to the online players is that the bill was going to restrict online gambling in New Jersey to Poker only. However, this was only some wild fears and when the bill was signed into law there are no such restrictions and Atlantic City will offer wagering as well as online casino. Another thing worth noting in the new piece of law is that New Jersey can now join up with other states that legalize online gambling so as to increase liquidity.
Immediately after the bill was passed into law, there has been a surge on the prices of the online gabling stocks. This is something that cannot go unnoticed as this is a clear indication that the future of online gambling in New Jersey is brighter. There are some companies that have shares on Atlantic City whose stock went up significantly. Such is the case with Caesars Entertainment whose stocks went up by 38%. Zynga, which is a social gaming giant based in San Francisco and which had announced plans on online gaming also had its shares go up by 11%. The list is very long as there are very many other companies that have interest in online gaming that have registered shock stock prices increases.