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First New Jersey Online Gambling License Issued

Thursday October 10,2013 : FIRST NEW JERSEY ONLINE GAMBLING LICENSE ISSUED
 
MGM-Boyd's Borgata gets the historic nod.
 
New Jersey regulators took another bold step into an intrastate online gambling future Wednesday with the issue of the first online gambling license to the Borgata Hotel Casino and Spa, giving the company the green light to launch the new gambling genre once the regulations come into force on November 26.
 
The state Division of Gaming Enforcement said the casino was the first to file a complete application to offer online gambling, which will begin with a five day trial period on November 21.
 
Borgata president Tom Ballance said the award illustrates his company’s commitment to take a leading role in Internet gambling, partnered by the highly experienced European online gambling group Bwin.Party Digital Entertainment.
 
“It’s always nice to be first in the queue,” Balance told the Associated Press news agency. “Borgata and bwin.party are aggressively pursuing our objective of being among the first to launch online gaming in the state. We believe online gaming is an exciting growth opportunity for New Jersey’s gaming industry, one that will generate significant benefits for the state as New Jersey assumes a leadership role in this emerging form of gaming entertainment.”
 
Balance said that all table and slots games available in the land casinos will be available online once full play starts. Gamblers will have to be physically located within New Jersey’s boundaries to play.
 
AP reports that the Borgata consistently leads Atlantic City’s 12 land casinos in terms of monthly and annual gambling revenue, and has been the dominant casino in the gambling enclave since shortly after it opened 10 years ago.
 
In related news, media reports from New Jersey note that a recommendation from online poker operators that the New Jersey regulator permit person-to-person financial transfers through online poker-room accounts has been rejected by the regulator, despite the fact that such transfers are common in the internet gambling industry where players want to stake each other or settle bets.
 
The New Jersey Division of Gaming Enforcement cited concerns over money laundering and collusion among its objections to the practice.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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