New Jersey Law Firms Benefit From Online Gambling

Published Tuesday, January 14, 2014 - Online-Casinos.com
New Jersey Law Firms Benefit From Online Gambling

The web today gives the consumer a great deal of information on just about every possible subject that can help the buyer see the big picture.

The online gambling industry is growing in leaps and bounds and is under scrutiny in many corners of the world. The online gambling industry in the USA has been dealing with a resurgence of the activity that has brought legal moral and ethical opinions into the spotlight.

Another aspect of all these changes in the US is the amount of money spent on these legal moral and ethical topics. A recent report in the Philadelphia Inquirer revealed information released by the New Jersey Division of Gaming Enforcement internet gambling has generated a $50.3 million payoff for lawyers, lobbyists, and other professionals since mid-2009.

The spending reports are supposed to cover professional services including but not limited to "legal, consulting, lobbying, auditing, accounting, recruitment, and referral services provided with regard to Internet gaming," the regulations indicate.

Nicholas Casiello Jr., Chair at the law firm Fox Rothschild's gaming group in Atlantic City New Jersey said it was an unusual request, "Many states have statutes requiring public disclosure of revenues by lobbyists, including New Jersey, but this is the first time I have ever heard of a gaming regulatory agency requiring disclosure of payments to lawyers,"

Some companies did not fully disclose their expenses regarding internet gambling so the figures are somewhat misleading. Asked about the absence of fuller disclosure by firms such as Borgata, Lisa Spengler, spokeswoman for the division of gaming enforcement, commented via e-mail: "The disclosures are posted as reported. Any questions should be directed to the companies."

Borgata`s online gambling partner Bwin.Party Digital Entertainment specified that it paid Brownstein Hyatt $940,922 in 2012 and 2013 for help complying with gaming regulations in New Jersey. Compliance with the requirement was spotty and only around 40 percent of the companies required to file an "Internet Gaming Disclosure Statement" did so, according to analysis by the Inquirer of firms listed on the Division of Gaming Enforcement website.

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