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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 :
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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