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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 :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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