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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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Gambling News :
Wanajump Launches -
#Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.
Coral Launches player proposition betting product -
Digital Sports Tech, a business-to-business software provider of sports betting solutions, has signed a deal with UK online and land sports betting operator Coral to provide an innovative player proposition betting product.
Oshi online casino now accepts fiat currencies -
The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.
New Standards for UK Online Gambling -
Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.
Pennsylvania Gambling Bill 1887 returned with additions -
The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.
Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
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