New Jersey Governor Chris Christie blew a wonderful opportunity to kick-start his state’s economy last year when he vetoed a bill that would have allowed on-line gaming in the Garden State. The bill would have put New Jersey in the forefront of tapping a new, and inevitable, source of much-needed revenue.
Now, however, the state’s political leaders will get a chance for a do-over.
It’s no secret that local and state governments are starved for revenue. Fortunately, most have avoided broad-based tax increases that kill economic growth and the jobs that come with it. But governments have been less wise and less creative when it comes to producing new revenue streams.
With any luck, that’s about to change. States Read More
Preet Bharara, the U.S. attorney for the Southern District, recently announced the indictments of 11 individuals connected to three Internet poker companies that allegedly took in or laundered billions of dollars in illegal gambling schemes. The scope of the criminal activity was shocking: The government moved to close down more than 75 bank accounts that Read More