More Internet Gambling Permits Granted to Atlantic City Casinos

atlantic city gamblingThe second New Jersey online gambling permit was granted earlier this week to Golden Nugget Atlantic City. The Landry-owned casino plans to offer its own brand of online casino games with the technological support of Bally Technologies. Subsequent announcements of permit approvals came from the Trump Casinos, namely Trump Plaza and the Trump Taj Mahal. Trump Plaza named Betfair as its web-based partner, while Trump Taj Mahal has chosen Ultimate Gaming.

All 12 of Atlantic City’s major entertainment destinations are badly in need of a moneymaking strategy to boost their struggling hotel and casino operations. The granting of Internet-based wagering licenses is one of the likeliest solutions implemented but subject to governance and regulatory measures. To date, it seems that Revel and Atlantic Club Casino Hotels will get their permits later, since they are yet to announce their chosen Igaming partner.

What most observers are actually waiting for, are the New Jersey Division of Gaming Enforcement’s (NJDGE) announcement of license approvals for the web-based partners. After all, the potential launching of online casino facilities by November still depends on the NJDGE’s assessment and approval of the reliability of the gaming platforms and adequacy of security features. Moreover, NJ regulators are also looking into the integrity and past performances of the web-partners who will provide the cloud-based infrastructure.

PokerStars for one, failed to secure the preliminary NJ license approval within the timeframe required in the Atlantic Club casino purchase agreement. It was a failure that resulted to a botched deal and substantial financial loss.

Although Boyd’s Borgata Hotel Casino was the first to receive a NJ online gambling permit, its web-partner Bwin.Party Digital Entertainment might not duplicate the same feat.  Boyd Gaming received its Nevada permit a year ago but up to this date has not yet launched its online-wagering facilities, as Bwin.Party’s Nevada application remains unapproved.