No 15th bracelet for Phil Hellmuth yet at the 2017 World Series of Poker, though he just came very close.
New Jersey Gambling
<br><p>Legal New Jersey online gambling and land based casino news. </p>
Being competitive in the era of the internet is key for any sportsbook agent, the amount of competition out there nowadays can be intimidating at times. But mostly it is just a challenge whereby you will need to get creative and find ways of catering to your customers while staying within your possibilities of steady growth. You certainly can’t expect to grow your bookmaking business without having the technology required for it.
That is some surprising news. The most expensive hotel-casino of Atlantic City, that cost $2.4 billions to build, is going to reopen some of its parts. Shut down in September 2014, the former Revel Casino may not be completely dead yet.
Located at the end of the Bordwalk in AC, the Revel Casino was the most expensive casino in the city. The story began in April 2, 2012 when the casino opened its doors for the first time.
Online gamblers love their casino games, whether they be slots, video poker, or table games such as blackjack or baccarat. Unfortunately, most of the punters located in the United States are required to continue visiting unlicensed and offshore casinos, as the government of the United States has failed to take any meaningful steps toward regulating the activity within their borders.
State lawmakers still cannot agree on how to ask voters whether to allow two new casinos in Northern New Jersey.
Both the Senate and Assembly committees met on Monday to discuss their amended bills but significant differences remain between the two including who is eligible to build the new casinos and how the new tax revenue they generate would be divvied up.
Get three scratch cards daily from the New Jersey Resorts Casino online and qualify to win $2 million from Atlantic City’s oldest casino.
Nelson Rose recently wrote a piece detailing why he believes the Court of Appeal was incorrect in ruling that New Jersey could not regulate sports betting in the state.
Amaya Gaming owned PokerStars, the world’s largest real money online poker site, and Full Tilt Poker have finally been granted a New Jersey Web gambling license after well over a year of wrangling.
A new credit card code is set to be introduced for online gambling in New Jersey come Springtime, thus helping to reduce decline rates.
Reports suggest that the approval rate for Visa cards has been around 73% on average for Visa with a dismal 44% for Mastercard. American Express does not allow transactions for online gambling at this time.
While online gambling is legal in New Jersey, many credit card issuing banks, including Wells Fargo, have refused to allow transactions for Web gambling due to federal legislation.
CAMDEN, N.J. – (Associated Press) -A bankruptcy court judge has voided the proposed sale of the former Revel Casino Hotel in Atlantic City, New Jersey, to a Canadian firm that has since backed out of the deal.
Judge Gloria Burns on Friday granted a request by Revel Entertainment to cancel the $110 million sale to Toronto-based Brookfield Asset Management.
Magician Herbert L. Becker, a one time sidekick to the famed clown Bozo, may be the one to save Taj Mahal.
ATLANTIC CITY, N.J. (Associated Press) - Atlantic City's casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos.
The casinos reported a gross operating profit of $147.5 million in July, August and September, up 7.2 percent from the same period a year ago. Those numbers include comparisons with four casinos that have since closed, some of whom lost large sums in summer 2013.
U.S. District Court Michael Shipp ruled on whether New Jersey’s biggest racetrack, Monmouth Park, may begin taking bets on sports and they will not be able to, at least not for the foreseeable future.
That ruling came out shortly before 9 pm EST.
(Associated Press) - New Jersey could drop its ban on betting on sports entirely, but it cannot legally set conditions as it ends the prohibition, a lawyer for the NCAA and four major sports leagues told a federal judge Thursday.
The lawyer, Jeffrey Mishkin, said the state isn't dropping its sports betting ban, because it requires that it takes place only at casinos and horse racing tracks and that bettors be at least 21 years old.
U.S. District Court Judge Michael Shipp was to hear oral arguments regarding New Jersey’s bid to allow sports betting at its racetracks and Atlantic City casinos. A 22-year-old law bans sports betting in all but four states including Nevada.
The four professional sports leagues and NCAA filed a suit against the state to prevent this type of gambling.
Attorneys for New Jersey’s biggest racetrack, Monmouth Park, were not optimistic ahead of Shipp’s ruling.
ATLANTIC CITY, N.J. – (Associated Press) - A Morris County woman has won New Jersey's largest Internet gambling jackpot, a $1.3 million payout from an online slots game.
Cathy Ruela was playing the "Millionaire Genie" game on the Harrahscasino.com site on Nov. 6 when the genie on her computer screen broke open the chains on a treasure chest and a box popped up, announcing she had won a jackpot of more than $1.3 million.
The 31-year-old says she has been playing sporadically since February, usually about $20 or $30 at a time.
(Associated Press) - THE OWNER of the struggling Trump Taj Mahal Casino Resort filed court papers yesterday saying it will close by next month, making it the fifth of the city's 12 casinos to shut down this year.
Trump Entertainment Resorts said in a Delaware bankruptcy court filing obtained by The Associated Press that its board has approved a shutdown of the casino by Dec. 12. It had threatened to close by then if its main union didn't drop its appeal of a court-ordered cost-savings package.
United Airline has announced it will be ending flights to and from the struggling seaside gambling community of Atlantic City just eight months after first offering said flights.
The company issued a statement Friday saying the service between Atlantic City and two of its hubs – Houston and Chicago – were “no longer sustainable”.
ATLANTIC CITY – (Associated Press) - Authorities have fined an Internet gambling firm $10,000 for soliciting more than 250 people who voluntarily excluded themselves from gambling in New Jersey.
State Gaming Enforcement Division spokeswoman Kerry Langan tells The Press of Atlantic City the fine against Caesars Interactive Entertainment is the first imposed since New Jersey launched online gambling last year.
Casinos and online operations are forbidden from sending promotional materials to gamblers who voluntarily ban themselves.
OCEANPORT, N.J. (Associated Press) — Monmouth Park Racetrack is hoping sports gambling will save itself from the slow extinction facing much of the horse racing industry — a wager that could have a big payoff if New Jersey can successfully fend off the opposition of the Justice Department, the four major pro sports leagues and the NCAA.
ATLANTIC CITY, N.J. (Associated Press) — The Borgata's revenue increased by nearly 5 percent in the third quarter of this year, and it increased its share of Atlantic City's gambling market to 24 percent.
The figures were released Thursday by the casino's parent company, Boyd Gaming.
Company president Keith Smith says earnings before interest, taxes and other charges were $56.9 million in the third quarter, up more than 22 percent from a year ago.
Nevada sportsbooks raked in $37.27 million from $339.1 million bet during the month of September, making it the third best month in amount won and wagered for the books according to the Nevada Gaming Control.
The sportsbooks enjoyed nearly an 11 percent hold on College Football and NFL bets.
"Sports betting is on a roll," said Nevada Gaming Control senior research analyst Michael Lawton.
New Jersey State Senator Raymond Lesniak, speaking via Skype at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday, said he still has great hopes for Internet gambling in New Jersey but blamed credit card processing banks for stymying growth.
ATLANTIC CITY N.J. (Reuters) – Hundreds of unionized workers lashed out at Carl Icahn on Friday, picketing the Trump Taj Mahal Casino where the billionaire activist seeks to terminate health-care and pension plans.
Members of UNITE HERE Local 54 picketed the Atlantic City casino a week after bankruptcy court approved a $US100 million plan by Icahn, who holds the mortgage to the property, which hinges on benefit cuts and tax concessions from city and state governments.
It’s been a crazy couple of days in the Garden State as New Jersey prepares to begin allowing legalized sports betting just in time for the NBA, NHL and College Basketball seasons, not to mention both the NFL and College Football are well underway.
In a recent poll of New Jersey residents conducted by Rutgers-Eagleton it was discovered that only 7% of respondents had actually tried gambling on one of the state’s regulated online gambling sites and only 5% said the activity was good for Atlantic City’s troubled gambling industry.
23% said online gambling made no difference for Atlantic City, and 17% said they were not sure.
TRENTON, N.J. (Associated Press) — Gov. Chris Christie Friday signed legislation that could allow legal sports betting in New Jersey to move forward.
The measure is aimed at helping the state’s foundering casino and racetrack industries, and would partially repeal prohibitions against sports wagering in the state.
Candy Crush Saga is the uber popular social gaming platform that now rivals what Farmville had been a few years ago. And now Candy Crush is coming to Atlantic City to save the day. That resort town has lost more than a quarter of its land-based casinos in the past year as the gambling landscape continues to shift with the times.
In what could prove to be yet another blow to Atlantic City's stuggling casino industry, billionaire investor Carl Icahn has warned that the famed Taj Mahal will need to shut its doors should a bankruptcy judge fail to cancel the casino’s lucrative union contract this coming Friday (October 17, 2014).
(Associated Press) - The latest update of New Jersey’s corporate tax incentive programs includes a bid to get more help to Atlantic City, which has been hit hard by the recent closure of several boardwalk casinos.
Former Colombo family underboss John (Sonny) Franzese has been released from prison at the ripe old age of 100. It was his first full day of freedom in eight years.