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British Firms Benefit from New Jersey Gambling Bill

British Firms Benefit from New Jersey Gambling Bill

Last week the gambling world was pleased to hear that Governor Chris Christie of New Jersey has agreed to sign a revised version of a bill which will introduce online gambling and poker to the state of New Jersey.

British Firms Benefit from New Jersey Gambling Bill

British gambling operators saw their stock rise as soon as it was announced that Governor Chris Christie is likely to legalise online gambling.

This change to the law in New Jersey has a major impact on UK based gambling operators, many of the operators have signed deals with local companies in the US ahead of regulation and as a result are set to start earning from Christie’s decision.

The shares of many of the UK’s biggest gambling operators jumped as soon as the news from New Jersey was announced.

Bwin.Party enjoyed a jump of 16% in its shares value. The group has an agreement with Boyd gaming, a New Jersey licensed casino operator.

They are sure to enter the new online gambling industry at the earliest possible moment.

888.com also saw a rise in its share value, prices rose by 19p following the news. 888 has a partnership with Caesars, the US gambling group which owns many of New Jersey’s casinos.

It is thought that the New Jersey online gambling industry will be worth over $1 billion by 2018.

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Raised close to London’s financial district, Ben has always found the world of business and money fascinating. While completing a degree in business studies Ben started writing for his university newspaper and hasn’t stopped since. Over the last decade Ben has gathered a wealth of experience writing about business and the financial markets and he is pleased to be able to share it with you here.

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