Permit Applications Sent by 12 Casinos in New Jersey

Permit Applications Sent by 12 Casinos in New JerseyTwelve Atlantic City casinos took advantage of the state’s new interactive gaming law and took steps to obtain internet gambling permits ahead of the June 30th deadline set by the New Jersey regulators. State officials are looking forward to November to start intrastate poker and other online gambling activities. Caesars Entertainment and Borgata, co –owned by MGM Resorts and Boyd Gaming were among the gambling operators that notified the state officials of plans to partner with an online gambling operator. Few casinos have partnered along with European operators to provide the necessary infrastructure for operating an internet gaming site. European operators are known for having a decade of gaming experience in the interactive gaming industry.

The notifications were a state requirement for companies that wish to begin operations as soon as the internet gaming goes live in New Jersey. November 23rd is possibly the earliest date for online gaming to start, however the state officials stated that the date could even be pushed to 2014. Lisa Spengler, the spokeswoman for New Jersey’s Division of Gaming Enforcement has told the media that all applicants that meet the filing deadline then only can the Division be in a position to determine if they can commence internet operations by the go live date.

In February, New Jersey became the third state to legalize internet gambling. The first state was Delaware and second was Nevada. Casino operators consider New Jersey as the most profitable opportunity with respect to its size and the fact that the state has plans of providing players with a wide selection of games. Online gambling at Nevada is limited just to poker games and all other forms of internet gambling continue to remain illegal. As per analysts, Nevada’s online gambling market generates $50 million to $250 million annually. New Jersey is expected to produce $500 million to $1 billion on an annual basis.

Other casinos to have applied for permits are Tropicana casino and resort that got sold in 2009 bankruptcy sale to a group of creditors headed by Carl Icahn. The Golden Nugget owned by Landry’s had also applied for a permit. Trump Taj Mahal casino partnered with Las Vegas based Ultimate Gaming. Gibraltar based Bwin Party Digital Entertainment teamed up with Borgata and four casinos owned by Caesars Entertainment has partnered with 888 Holdings. The online gaming licenses are limited just to 12 casinos of Atlantic City in regards to abide by the constitutional requirements.

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