The media reports have highlighted that Russia is revising its Unlawful Internet Gambling Enforcement Act (UIGEA). The nation is planning to reconsider the law that restricted the financial institutions that enabled online transactions. As per the reports, the Finance Ministry of Russia has revealed a law that focus on implementing the regulations on banks. This will be done with a motive of curbing illegal gambling activities and the revenues coming out from such activities. The government of the state has also highlighted that Russians are pending almost around $3 billion per year on online casinos in playing their favorite games like Jack Hammer slot.

After the law is in motion, the state is set to prepare a blacklist with the names of all those banking groups that are still into online transactions. It will focus on various international casino websites that are alluring Russian citizens through online transfers. It is known that the new law has been appealed by Vladimir Putin, the President of Russia.

Russia’s Take on UIGEA

It has been seen that the President and the Russian government both have always opposed the forms of gambling relaxing only some laws. The nation has restricted gambling to four zones namely Altai in Siberia, Azov City in the Krasnodar region, a Russian enclave on the Baltic Sea coast and Primorye near the Pacific port of Vladivostok; Kaliningrad. It means that a new casino opens in any of these zones only like Sochi casino and Resort that opened in Krasnodar. Further, it is known that the humid subtropical climate of Sochi made it the hottest city hosting the winter Olympics. A little relief was provided by the snow covered terrain nearby but the fact is that the years 2014 became the most expensive Olympics.

UIGEA’s Law

Putin seems to be in favor of land-based casinos and that is why, he seems to oppose the online gambling. Yes, the proposal of Finance Ministry is quite similar to UIGEA. Under the new law, Russia would consider it a crime to make online transactions when it comes to internet gambling. Since the year 2006 when UIGEA was signed, hardly any law of it was taken seriously and casinos offended it including Full Tilt poker and PokerStars. Both these casinos did not restrict their US players to access the interactive rooms. It was stopped only when the US Department of Justice seized their domains in the year 2011. The very day was called as ‘Black Friday’, as it was the biggest shock for the online casino world.

In addition to this, the entire poker companies were held accused of being engaged in money laundering just to make online transactions possible for the players. It is further known that UIGEA does not have an honored position in the USA, as it offers fantasy sports exemption. The issue has been with the legal basis for the argument for DraftKings and FanDuel, the biggest and the most popular daily fantasy companies. When it comes to the anti-online gambling measure of Russia, it is more likely to come up with a better alternative for payment transactions ensuring that no fraud activities take place.

The Bottom Line

Without a doubt, Russia has taken a bold step by restricting online casinos to continue online transactions. However, it is still to be witnessed that whether these casinos will take it seriously or not. Once the Russia UIGEA has become a law, banks and casinos are sure to be more careful while approving any activity related to internet banking. Yes, the new law will be in favor of the nation and will bring in only positive results.

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The online casino industry of New Jersey has flourished a lot over the years. In the year 2016, the industry produced almost around $170.2 million with December contributing with $16.3 million. The success has been possible with the introduction of new games for the players. However, it is to be noted that not all online casinos were much active.

Some of the casinos that have proved to be super active in the industry have been discussed as follows:

Active NJ Online Casinos

Pala Casino

When it comes to Pala, it has captivated the attention of many players with its exclusive variety of progressive slot machine, Jackpot Shores. Jackpot Shore is known to have 3 independent progressives with the largest jackpot offering minimum of $100,000. However, the game has a fixed wager of $6.75, which may be a little higher for regular player. Further, the sound effects and visuals of the game are exciting enough to keep the interest of the players intact for a longer time. With the launch of Jackpot Shores, Pala casino has contributed greatly to the NJ casino market.

Mohegan Sun and Resorts Casino

It is known that Mohegan Sun has added 37 new games and Resorts has launched 28 more games including Jack and Hammer slot and others to its portfolio to attract more players in the past few months. It is true that both these casinos own the largest game libraries.

Golden Nugget and Caesars Casino

While talking about Caesars casino, it is known as the industry’s big movers and has released 16 more games to it gaming portfolio. On the other hand, the Golden Nugget Casino has launched around 21 new titles and its total gaming library is now at 350. It has become popular for its Cirque Du Soleil Kooza by SG Interactive. When it comes to its revenues, Golden Nugget is up by 66.9 percent year-over-year while the annual revenue has climbed up to 36.4 percent from 2015 to 2016. In addition, the live casino feed that announces big winners shows that a lot of players are attracted to the site.

Latest Online Casino Games to Look Forward to

To start with, The Codfather is the latest game with the amazing theme of aquatic life and mob. It is a volatile game that offers highest payouts and has 95.2 percent return rate. The Big Boss Bonus feature and free games are the major attraction of this game.

Moving on to the Wheel of Fortune on Tour, it is a classic game that offers better bonus wheel features and great rewards to the players. Here, the return to the players’ percentage increases with the time.

At the end, the Tokidoki Lucky Town is inspired by the Japanese style brand and has five different reel features. For this game, the return to the player percentage is low compared with other slots.

The Bottom Line

Out of all the previously mentioned, the golden Nugget casino is at the top with the highest revenue and maximum number of players as its members. It is the only casino that offers live dealer games and other exciting promotional offer to its players. Over the past three months, it has awarded $2 million in almost $10,000 minimum chunks, which highlights the casino’s reputation. However, it is also a fact that the live dealer alone does not drive revenue.

The overall revenues are affected by the entire variety of the slot and table games offered by the casino. In the coming months, it is expected that not only Golden Nugget but all the other casinos will also flourish and will contribute greatly to the NJ online casino market.

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