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Partners For New Jersey Online Poker

Saturday June 15,2013 : CHOOSE YOUR PARTNERS FOR THE NEW JERSEY POKER
 
June 29 deadline set for companies to declare their online gambling partnerships
 
With one eye on a speculative launch date of mid to late November for New Jersey online gambling, the New Jersey Division of Gaming Enforcement created a flurry of industry interest this week with an announcement that licensees must have any partnerships envisaged notified by June 29 2013.
 
Operators who fail to declare their partnerships could risk missing the implementation date, falling behind competitors in the new market.
 
The deadline will be of particular interest to non-US online gambling companies seeking a bridgehead in New Jersey through partnership deals with Atlantic City land casino operators. Licensing will be restricted to such entities, including partnerships with experienced internet gambling companies they may have formed or are considering.
 
The need for a deadline is to allow the DGE sufficient time to thoroughly vet prospective partners. Successful partnerships will probably be publicised sometime in July, according to some sources.
 
Some European online gambling groups already have a foot in the door, with Bwin.Party Digital Entertainment most notably forging a deal with the Borgata.
 
Given the widespread appeal of the New Jersey market (the state has a large population, and the legalisation initiatives there have gone beyond online poker to embrace casino gaming as well) partnerships are likely to be in demand.
 
It's a potentially positive development for Atlantic City operators, who have been struggling with falling attendances and revenues for years due to the recession and competition from neighbouring states.
 
InfoPowa readers will recall that The Rational Group - parent to Pokerstars and Full Tilt Poker - made an abortive attempt to take another route into the New Jersey market by trying to acquire the Atlantic Club land casino in AC earlier this year - an expensive venture that ran out of time and ended in tears and recriminations.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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