From Poker News The New Jersey Division of Gaming Enforcement will publish a draft of proposed Internet gambling regulations in the New Jersey Register on June 3, opening a 60-day period for public comment. In advance of the official publication, the draft regulations already are up on the Division’s website. Early reviews of the regulations indicate they look good from the players’ perspective. “There are a few things we’ll probably look into in the general comment period, but overall the regulations seem pretty fair,” said John Pappas, executive director of the Poker Players Alliance. Two concerns of the PPA, according…

From iGaming Business Activity and gross gaming revenues in France’s online gaming and betting market have switched around dramatically in the past few months, Jean-Francois Vilotte, president of the French regulatory authority ARJEL, has revealed in an interview with the French newspaper Les Echos. Vilotte explained that the market’s structure had changed substantially, with gross profits for online poker cash games down 14% to €61.2m for the 12-month period to May and tournament fees stable at €41m. Gross gaming revenues for online sports betting of €63.4m meant a rise of 20% on 2012 figures. Football played a large part in…

From Press of Atlantic City A former gambling regulator from Malta regarded as an expert in online gambling development has been selected to help New Jersey implement Internet wagering by the end of the year. The announcement, made by New Jersey Division of Gaming Enforcement Director David Rebuck at the East Coast Gaming Congress on Wednesday, came during a day of speakers who focused heavily on the impact Internet gambling could have on the state and Atlantic City’s casinos. A panel of Wall Street experts touted online gambling as the development that could finally turn around the Atlantic City market’s…

From Pokerati A news report from The Register this past Monday suggested that Canadian anti-money laundering and financial crimes regulations and disclosures will not apply to bitcoin exchanges in Canada. This was based on letters apparently received by some exchanges from the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC). I have not seen the letters, but today I confirmed this position with a spokesperson for the FinTRAC. This posture presents an exciting opportunity for bitcoin exchanges that the Financial Crimes Enforcement Network (FinCEN) recently confirmed are subject to registration, monitoring, and reporting as money services businesses and money transmitters in…

From Wall Street Journal Online casino gambling has become a potentially big player in the U.S., with three states passing—and others considering—laws allowing some form of it. The only problem: how should regulators deal with firms that have come under scrutiny or operate in so-called gray markets? 888 Holdings Based in Gibraltar but owned in large part by its Israeli founders, 888 has big ambitions in the U.S. with partnership deals already with casino companies and a slot machines maker. With backing from investment firm Avenue Capital Group, it plans to spend more than $100 million to market its own…

From iGaming Business Online gaming provider bwin.party digital entertainment has released an interim management statement regarding its financial performance over the three months to the end of March showing that the firm experienced a 17 percent year-on-year drop in total revenues to €180.2 million ($231.8 million). Gibraltar-based bwin.party stated that the fall in first-quarter revenues was due to ‘the introduction of a five percent turnover tax on sportsbetting in Germany’ along with a ‘significant reduction in acquisition marketing in several dotcom countries’ and ‘lower than expected’ poker and casino player activity ‘following the dotcom migration’. The operator declared that ‘clean’…