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New Jersey Online Gambling Goes Live November 26

IT'S OFFICIAL - NEW JERSEY ONLINE GAMING GOES LIVE ON NOVEMBER 26
 
New Jersey Gaming Enforcement Division says "soft" action for invited players can start Nov. 21st to test systems
 
After months of conjecture on whether New Jersey regulators will be ready to push the go button on New Jersey internet gambling on November 26, the state Gaming Enforcement Division confirmed Friday that it's prepared, and that licensed operators will be able to start up for invited guests only in a five day soft launch to test systems on November 21, followed by a full launch on November 26 if all goes well.
 
A Division spokesman told the Associated Press news agency that gamblers would have to be physically located within New Jersey's boundaries to play.
 
The news was greeted with enthusiasm by Atlantic City operators, most of whom have entered into partnership agreements with experienced online gambling firms.
 
"I think this is going to be a significant revenue stream," said Robert Griffin, CEO of Trump Entertainment Resorts. "It has the potential to make up 20 percent of our revenue."
 
Griffin said details were awaited from the regulator on how the soft-launch guests are to be chosen, but opined that it would have to be a significant number to make tests credible.
 
Atlantic City's casino revenue has plunged from a high of $5.2 billion in 2006 to a little more than $3 billion last year and could dip below that mark by the end of this year, AP reports, adding that thousands of jobs in the land casino sector have been lost due to competition from neighbouring states like Pennsylvania, New York, and Maryland.
 
The Gaming Enforcement Division spokesman confirmed that New Jersey online gambling regulations will come into force on October 21.
 
Nine of the city's 12 casinos have acknowledged lining up partners for Internet gambling, and a 10th is widely rumoured to have selected a partner.
 
Leading European internet gambling companies are partnering with some Atlantic City casinos in the new wave of gambling, including:
 
* Gamesys-JackpotJoy.com with Tropicana Casino and Resort has joined with Gamesys Limited, which runs the jackpotjoy.com
 
* Caesars Entertainment's four casinos with 888 Holdings.
 
* Bwin.Party Digital Entertainment with the Borgata
 
* Pokerstars with Resorts Casino.
 
* US online gambling firm Ultimate Gaming with the Taj Mahal,
 
* Betfair and Trump Plaza (still to be confirmed).
 
* Golden Nugget with US company Bally Technologies.

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Gambling News :

IS DAN BILZERIAN A POKER FISH? - Dan Bilzerian, the high profile Instagram legend, jet setting playboy and allegedly deadly online poker player who claims he accrued a $50 million fortune playing the game,

Vegas Crest online casino adds 30 new games - The Vegas Crest online casino has announced the addition of 30 new video slots to its games inventory from developers GameArt and Xplosive.

AMAYA C.F.O. RETIRES - Daniel Sebag, the Amaya online gambling group's first and only chief financial officer with ten years’ service under his belt, has retired, according to a company announcement Friday.

Is Sheldon Adelson in Favor of Trumo - With the inaugural presidential lunch coming to a close Friday afternoon, US Congressional reporter Paul Kane offered an interesting tweet, noting:

SD618 Massachusetts Online Gambling bill Updates - A few more details have emerged on Sen. Bruce Tarr's new online gambling legalization bill SD618 just filed in the Massachusetts Senate.

2017 $25,000 buy-in Aussie Millions Challenge event results - Taiwan poker pro James Chen has emerged victorious in the $25,000 buy-in Aussie Millions Challenge event after besting a field of 133 at the Crown in Melbourne.

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.

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