It’s good to be a casino industry lobbyist or attorney New that is representing Jersey gaming, based on the latest reports (Image: thepublici.com)
Everybody understands that when it concerns gambling, the house always wins. In the full case of online gambling in New Jersey, it seems that the lobbyists and attorneys do pretty well on their own, too.
Support Services Make Bank
According to disclosures posted by the nj-new Jersey Division of Gaming Enforcement, the online gambling industry has resulted in $50.3 million in payments to lawyers, lobbyists, and other professionals since mid-2009. The figures arrived simply days before the first revenue numbers are scheduled to be released for New Jersey casino sites, and are element of an unusual requirement in brand New Jersey that demands disclosures for many professional payments.
‘Many states have statutes requiring public disclosure of revenues by lobbyists, including New Jersey, but this is actually the first time I have ever been aware of a gaming regulatory agency requiring disclosure of payments to lawyers,’ stated Nicholas Casiello Jr., a lawyer aided by the Fox Rothschild firm’s gaming group in Atlantic City.
This first report covered everything from July 2009 through December 2013, with future reports being made public for a quarterly basis.
The biggest ‘winner’ in terms of legal services was Brownstein Hyatt Farber Schreck, L.L.P., which made $1.89 mi Continue reading “Nj Online Gambling Pays Off Bigtime for Lobbyists and Lawyers”