New Jersey gambling regulators have announced that the former Trump Taj Mahal, Ocean Resort and Hard Rock casinos have applied for online gambling permission. Kerry Langan, a spokeswoman for the New Jersey Division of Gaming Enforcement, confirmed on Monday that all three casinos have applied for the permission to conduct internet gambling.
If approved by state gambling regulators, the addition of the three casinos would bring the total number of Atlantic City casinos that offer online gambling to seven. There are currently 23 approved online gambling sites in New Jersey. If approved, each casino’s sites would be available only to people physically within New Jersey state lines.
British gambling technology company GAN revealed in an annual report last week that it has signed an agreement with AC Ocean Walk LLC, the new owners of the former Revel casino. The agreement is to provide real-money online gambling starting sometime in the second half of 2018.
The company also plans to offer sports betting through the Ocean Resort agreement, assuming the U.S. Supreme Court rules in favor of New Jersey’s challenge to a federal law limiting sports betting. Internet gambling is one of the best aspects of the Atlantic City casino market at the moment, as was revealed by the New Jersey Division of Gaming Enforcement.
It brought in $245 million last year in New Jersey, more than 9 percent of the total revenue won by Atlantic City casinos and an increase of nearly 25 percent from the previous year. The Golden Nugget finished first in internet gambling revenue in 2017 with $65 million. The Borgata, Caesars Interactive-NJ, Resorts Digital and Tropicana were each close behind, with online revenue ranging from $42.5m to $48.5m.
Major casinos applying for online gambling licenses certainly have the state politicians on their side. Members of the New Jersey state level congress recently sent a letter rebuking any notion that the Restoration of America’s Wire Act, a fundamental rescinding of internet gambling in the state, is a good idea.
Lawmakers from the Garden State are encouraging supporters of the act to rethink, after it emerged that they are looking to the Department of Justice to reverse its milestone 2011 decision on internet gambling. This ruling asserted that the prohibitions in the Interstate Wire Act only apply to gambling on sports.
While the Supreme Court could still stop put a stop to New Jersey’s notion of legalised and regulated sports gambling, it looks like the state will receive a favourable verdict. New Jersey Democratic Congressman, Frank Pallone, came up with the concept of the Gaming Accountability and Modernisation Enhancement Act (GAME).
On a basic level, the Act would provide New Jersey with the right to offer punters legal sports betting products, with the potential for other states to follow closely behind. It highlights protection methods which are there to create a fair and notable sports betting industry across New Jersey and the US too.
Measures proposed include strict conditions for the licensing of gambling companies. Transparency when it comes to finance is an important part of the act, as is age and logistics verification, adherence to tax laws, data protection and a focus on the fraud prevention and most importantly addiction.
While the newfound support for revoking internet gambling in NJ may prove to be a stumbling block for the gambling industry in the USA, it’s unlikely it will be a knockout blow. The support for the keeping of online casinos and slots gambling is widespread, as is the support for the legalisation of sports betting.
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