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Posted on: March 2, 2024, 01:49h.
Final up to date on: March 3, 2024, 01:56h.
New Jersey’s high gaming regulator known as it quits on Friday after practically 13 years main the state Division of Gaming Enforcement (DGE).
David Rebuck, 71, exits with the consideration of being the longest-serving director in DGE historical past. Rebuck assumed the position in early 2012 and retired with 36 years of service to New Jersey.
All through his profession, David Rebuck has exemplified professionalism, innovation, and management because the gaming trade reworked, first with the legalization of web gaming in 2013 after which with the brand new period of sports activities gaming in 2018,” mentioned New Jersey Lawyer Basic Matthew Platkin.
Platkin mentioned Rebuck’s intensive data of the gaming and on line casino industries led to New Jersey being acknowledged as a regulatory chief and pacesetter within the US. The lawyer normal appointed DGE Deputy Director Mary Jo Flaherty as interim director. Flaherty has been with the DGE for over 40 years.
The DGE is a regulation enforcement company and the investigative arm of the on line casino regulatory system in New Jersey that’s chargeable for imposing the state’s On line casino Management Act.
Tenure Included Monumental Adjustments
Whereas Rebuck’s document of main the DGE for nearly 13 years may be damaged within the a long time forward, the percentages are lengthy that any forthcoming tenure will embody such huge adjustments and challenges on the company. Rebuck was appointed DGE director by Gov. Chris Christie (R) on April 29, 2011. He was sworn into the position on Jan. 24, 2012.
Lower than two years later, the Atlantic Cub On line casino Resort on Jan. 13, 2014, could be the primary of 5 casinos to shutter. The Claridge On line casino Resort adopted a month later. By that September, the Showboat, Revel, and Trump Plaza casinos had additionally closed. Trump’s Taj Mahal closed two years later in 2016.
Atlantic Metropolis’s remaining casinos then contested their assessed property valuations in an effort to scale back their property tax liabilities. The native metropolis neared chapter, resulting in Christie’s administration to a state takeover of the city’s governance.
The casinos subsequently entered right into a PILOT program with the state. The payment-in-lieu-of-taxes primarily based on their collective gross gaming income helped stabilize the market. Trump Taj Mahal and Revel reopened in June 2018 respectively as Exhausting Rock and Ocean On line casino.
Rebuck’s administration moreover carried out regulatory protocols for the growth of on-line casinos, in addition to each retail and on-line sports activities betting. New Jersey emerged as a gold customary complementing Nevada on finest regulatory practices for the US industrial gaming trade.
Don’t look to Rebuck to take credit score.
I’ve all the time mentioned the achievements at DGE haven’t been the results of anybody individual,” Rebuck mentioned on Friday. “I’ve been privileged and grateful to work with an incredible staff at DGE and to serve below two governors and eight attorneys normal.”
Rebuck’s profession with the state started in January 1988 when he joined New Jersey Lawyer Basic W. Cary Edwards’ workplace as a deputy lawyer normal.
Award Forthcoming
Rebuck will likely be honored with the Lifetime Achievement Award on the twenty seventh Annual East Coast Gaming Congress on April 18. The occasion is hosted at Exhausting Rock.
“On account of his management, the gaming trade has grown and so has New Jersey’s fame as a jurisdiction that is aware of learn how to regulate successfully,” mentioned ECGC co-founder Lloyd D. Levenson, who’s the chairman and CEO of the Cooper Levenson regulation agency and namesake of Stockton College’s Levenson Institute of Gaming, Hospitality, and Tourism.
An earlier model of this text wrongly recognized Exhausting Rock changing Trump Plaza. Trump Plaza was demolished in 2021. Exhausting Rock changed Trump Taj Mahal.
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