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Atlantic City Casinos all Want Internet Gambling
Tuesday June 2,2013 : ATLANTIC CITY CASINOS ALL WANT IN ON INTERNET GAMBLING
All twelve land casino operators apply for licensing
All twelve of Atlantic City's land casino operators have applied for licensing under the New Jersey regulatory and licensing system, which required potential licensees to declare partnerships and submit applications by the end-June deadline.
New Jersey officials have indicated that they are working towards an implementation date of mid to late November this year.
The Borgata, co-owned by Boyd Gaming and MGM Resorts, along with Caesars Entertainment were among the casino operators who notified state regulators of their plans to partner with Internet gaming providers, says Lisa Spengler, a spokeswoman for New Jersey's Division of Gaming Enforcement (DGE).
"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," Spengler told the Reuters news agency.
Earlier this year New Jersey governor Chris Christie signed into law legislation permitting the regulation and licensing of online gambling in the state, following similar moves in Delaware and Nevada.
The regulations require operators to have servers based in Atlantic City, a populous state that makes it a tempting prospect for internet gambling companies interested in partnering with Atlantic City operators, or like-minded states seeking a bigger player pool.
Analysts project New Jersey's online gambling market has the potential to generate $500 million to $1 billion in revenues yearly.
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