AC Casinos Apply For Online Licences Ahead Of November Start

AC Casinos Apply For Online Licences Ahead Of November StartEarlier this year, The New Jersey Division of Gaming Enforcement (DGE) gave its 12 state casinos until June 30th to submit their online gambling permits, and online operators partnered with the casinos until July 29. Once the process is completed it is then hoped that New Jersey will officially launch its Internet gambling industry on November 26th, resulting in revenue estimates anywhere from $500 million to $1 billion each year.
Now it would appear that all Atlantic City’s casinos have filed their applications ahead of its Sunday deadline, and as DGE spokeswoman Lisa Spengler explains: “For applicants that meet this filing deadline, the Division will be in a position to determine if they can commence Internet gaming operations by the go-live date.”
Amongst those casinos partnering with online gaming companies and applying for online licenses are The Trump Taj Mahal casino and Las Vegas-based Ultimate Gaming; Atlantic City’s Borgata Hotel Casino & Spa and Bwin.Party Digital Entertainment; and four Atlantic City Caesars Entertainment owned casinos and 888 Holdings Plc.
Online gambling represents the biggest expansion to Atlantic City’s gambling industry since land-based casinos were introduced in 1978. The first stage of the online wagering roll-out will then allow gambling on computers and mobile devices located solely within state borders, with the possibility of multistate Internet agreements to be explored later. At the heart of New Jersey’s consideration, however, will be ensuring  sufficient safeguards are put in place in order to prevent cheating and underage gambling.
Internet gambling is seen as a potential lifeline for New Jersey, which has seen its revenue drop by more than 40% to $3 billion in 2012, since peaking at $5.2 billion in 2006. Contributing to its decline has been increased competition from neighbouring states, such as Pennsylvania, Delaware and Maryland.

Other news:   Multi-state online poker compact bill introduced in Pennsylvania

Poker News
Mississippi Casinos Post Record Revenue in April as Sports Betting Beckons
04 Jun 2018
Mississippi’s casinos generated gross gaming revenue of $184 million in April, or 5% more compared to the same month in 2017. Furthermore, that total represents an all-time high for the state, and is 1.3% more than the previous record set in 2007 when thousands of volunteers entered Mississippi to assist in cleanup efforts post-Hurricane Katrina.
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
MGM Resorts International Buys NY's Empire City Casino for $850 Million
02 Jun 2018
Real estate and entertainment conglomerate MGM Resorts International has revealed that it’s embarking on a purchase of Empire City Casino, a slots and pari-mutuel wagering venue located in Yonkers, N.Y., just a few miles north of Manhattan. The deal was announced May 29 in a press release, and is expected to be completed near the
Delaware to Launch Full-Scale Sports Betting on June 5th
02 Jun 2018
Last month’s decision by the US Supreme Court to overturn the sports betting ban in the country has opened the floodgates for individual states to legalize and regulate sports wagering within their borders. Before its decision was even made, though, a number of states had already put in place the necessary legislation in order to