Caribbean Casino and Gaming Corp Is Off to the Races as New Jersey Senate Panel Passes Bill for Online Gaming and Sets Precedent for US Online Gaming…
SOURCE: Caribbean Casino and Gaming Corp MIAMI, FL–(Marketwire – August 12, 2010) – Caribbean Casino and Gaming Corp ( PINKSHEETS : CGAQ ) announced today that it is considering opening up an online gaming location in New Jersey pursuant to the new legislation passed by the New Jersey Senate Panel on June 3 rd , 2010. The company, as well as the industry, expects New Jersey and the United States to follow suit with the world, as the economic environment for governments continue to command additional tax revenue sources to fund its daily budget deficits. The company feels that the proposed tax regulations for online gaming companies is high, yet still lucrative to its business, while helping New Jersey’s current deficit.