New Jersey Online Gambling
Legal New Jersey online gambling and land based casino news.
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Borgata President Dismisses Early Online Gambling Results in New Jersey (Video)
Atlantic City casinos reported online revenue of $8.4 million this week for the first two months of legalized Web gambling in the Garden State.
With New Jersey forecasting revenue of $1.2 billion, many pundits found the early numbers disappointing.
Tom Ballance, Borgata president & COO, broke down the online gambling numbers and explained what obstacles online gaming has faced so far.
Law Firms, Lobbyists Score Big Payoffs With New Jersey Online Gambling
The New Jersey Division of Gaming Enforcement has disclosed that lawyers, lobbyists and other professional organizations have generated a $50.3 million payoff since mid-2009 pushing for legalized online gambling in the Garden State.
NJ's Atlantic Club Casino Hotel Now Closed
ATLANTIC CITY, N.J. -- (Associated Press) - The embattled Atlantic Club Casino Hotel closed early Monday, a victim of the casino saturation taking place in the Northeast.
About 1,600 people lost their jobs at 12:01 a.m. as the 33-year-old casino shut its doors. Tearful employees embraced one another and exchanged goodbyes.
Devils, Sixers Boss Not Worried Over Online Poker Sponsorship
NEWARK, N.J. — (Associated Press) - The chief executive of the NHL's New Jersey Devils and NBA's Philadelphia 76ers doesn't believe the teams will be cast in a bad light by agreeing to a multiyear sponsorship deal with one of the world's leading online poker companies.
Scott O'Neil, who runs the teams and the Prudential Center for groups led by leverage buyout specialist Josh Harris, and Norbert Teufelberger, the chief executive of bwin.party digital entertainment that operates partypoker, announced the historic deal Thursday.
New Jersey Internet Gambling Accounts Reach 150,000
ATLANTIC CITY — (Associated Press) - The number of Internet gambling accounts created in New Jersey continues to grow and is nearing 150,000.
New Jersey online gambling was authorized last year to give a boost to Atlantic City’s struggling casino industry, which has been beset by increasing competition for the past seven years. It began with a five-day trial period on Nov. 21 and launched publicly on Nov. 25.
Hedge Fund Billionaires Take Stake in Caesars Online Gambling: Take on Adelson
Three billionaires against one: George Soros, John Paulson and Leon Cooperman have reportedly taken a stake in Caesars Acquisition Co, the online gambling spinoff of the Vegas giant. ((Image credit: Steve Brodner)
Online Poker Affiliate Programs in New Jersey Won’t Allow Rakeback Deals
Many of today’s online poker affiliate programs offer rake back as a means of building a site’s business but rakeback offers will be prohibited in the state of New Jersey.
Such deals on the Web today tend to allow for between 25 percent to 35 percent rakeback and are typically administered by a third party such as poker room affiliates or dedicated rakeback websites. Think of the rakeback system as similar to that of a casino comp program whereby gamblers are rewarded with comped rooms and food based on their volume of play.
Online Gambling Exceeds Expectations for Borgata in Atlantic City (Video)
Appearing on CNBC's "Squawk Box", Tom Ballance, Borgata Hotel Casino & Spa president and COO, discussed the early success of legalized online gambling in the state of New Jersey for his casino.
Borgata’s managing partner Boyd Gaming utilizes the PartyPoker platform. It was one of two companies to get an early start launching in the Garden State.
Glitches, Bugs Persist With New Jersey Online Gambling, Poker Sites
In just over one month, New Jersey’s launch of real money online gambling has proven a huge success with over 40,000 individuals having signed up to open accounts.
The process hasn’t always gone smoothly, however.
Case in point: One Gambling911.com reader wrote us to discuss his experience signing up with Caesars Online Poker, utilizing the popular 888.com platform.
Ralph P., a resident of Northern New Jersey, writes:
Atlantic City Murder Rate Lowest in 30 Years: Still Ranked Among Most Dangerous
Only three people were murdered in the New Jersey seaside gambling resort of Atlantic City in 2013 with just two more days to go. That’s a steep drop from the 18 murders last year.
2014 Starts Ominously With New Jersey Governor Watching Gambling
ATLANTIC CITY, N.J. (Associated Press) -- The new year is a crucial one for Atlantic City's future, and 2014 won't start auspiciously.
This is the fourth year of a five-year grace period New Jersey Gov. Chris Christie has given the seaside gambling resort to turn around its struggling fortunes before considering expanding casinos to other parts of the state - something casino executives fear will decimate the already wobbly market.
Chris Christie’s Bloated Estimates but Money for Online Gambling Keeps Flowing
While some critics and those in the media keep coming down on New Jersey Governor Chris Christie for his apparent overestimates of anticipated revenue and taxation derived from real money online gambling, few can say the new industry that kicked off late last month has been anything other than a huge success.
NJ Judge Approves Atlantic Club Shutdown
CAMDEN, N.J. (Associated Press) — A slowdown brought on by the rapid proliferation of casino gambling in the northeastern United States claimed its first victim in New Jersey on Monday when a federal bankruptcy judge approved the sale and shutdown of Atlantic City's Atlantic Club Casino Hotel.
The casino, which opened in 1980 as the Golden Nugget and featured then-owner Steve Wynn bringing fresh towels to Frank Sinatra in its commercials, will shut its doors Jan. 13.
