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Wynn Gets New Jersey Online Gambling Approval

Tuesday February 4,2014 : WYNN RESORTS SECURES ONLINE GAMBLING APPROVAL FOR NEW JERSEY
 
Steve Wynn keeps everyone off balance with flip-flop tactics on internet gambling.
 
Land casino magnate Steve Wynn's shock declaration over the weekend that he supported Sheldon Adelson's drive against legalised online gambling continued to puzzle industry observers Monday as the New Jersey Division for Gaming Enforcement confirmed that New Jersey internet gambling approval had been given to his Wynn Interactive company.
 
The Associated Press news agency noted that Wynn is subject to changes of mind, a characteristic that online gambling analysts are finding to be true as the owner of Wynn Resorts flip-flops on whether he is for or against online gambling; on the one hand appearing to support Adelson's vehemently anti-online gambling thinking, whilst on the other applying for New Jersey licensing.
 
The unenviable job of presenting a rational corporate front on these inconsistencies was tackled by Wynn spokesman Michael Weaver this week, who told AP that the company may have secured approval, but that its implementation plans are "on hold" as the company "studies the market"...something one would assume had already been done before entering into partnerships and applying for licensing.
 
In responding to AP questions on the licence approval, the Wynn spokesman quoted an interview Wynn gave to Las Vegas journalist Jon Ralston over the weekend in which the land casino mogul said Internet gambling "is not a good entrepreneurial opportunity."
 
But in the same interview, Wynn held out the possibility he could change his mind.
 
On Monday, Weaver said Wynn is not rushing to go online in New Jersey.
 
"As Mr. Wynn said this weekend, online gaming does not appear to be a good entrepreneurial opportunity," Weaver told The Associated Press. "Consequently, our plans are on hold until we understand the business opportunity."
 
The DGE's approval grants authority to Wynn Interactive to conduct Internet gambling with partner Caesars Interactive. The division also granted a request by Wynn and Caesars Interactive to conduct Internet gambling operations with the All American Poker Network and 888 Atlantic Limited, an affiliate of a Gibraltar-based online betting firm.
 
The approval of so-called transactional waivers for Wynn enables the company to offer Internet gambling with Caesars Interactive, which has two of New Jersey's Internet gambling permits.
 
Seth Palansky, a Caesars spokesman, said: "We are allowing them to use one of our permits. I'm not aware of if they are going live, or when."



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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