New Jersey Gambling

<br><p>Legal New Jersey online gambling and land based casino news. </p>

Five Arrested for Brazen Atlantic City Casino Robbery: Former Guard Among Them

ATLANTIC CITY, N.J. (Associated Press) — Authorities say a former security officer and four other people stole more than $180,000 from security workers during an armed robbery at an Atlantic City casino earlier this month.

Submitted by Associated Press on, Jul/30/2014

State Senator Will Attempt to Get Around Sports Betting Ban in New Jersey

New Jersey State Senator Raymond Lesniak (D-Union) will attempt to get around a sports betting ban by pushing through legislation with strong bipartisan support in hopes that Governor Chris Christie signs the bill into law.

Christie has long supported the legalization of sports betting in New Jersey but the professional sports leagues and NCAA successfully blocked such efforts in the court.

From the Newark Star Ledger:

Submitted by Gilbert Horowitz on, Jul/28/2014

Ultimate Poker Leaving New Jersey Market?

It’s no secret that online poker in the state of New Jersey has underperformed.

Ultimate Poker, one of a handful of online gambling firms licensed by the New Jersey Gaming Commission, announced on Friday September 19, 2014 it would be leaving the New Jersey online gambling market after the Taj Mahal announced pending bankruptcy. 

Robert Dellafav of OnlinePokerReport.com predicted the exit earlier this summer

Submitted by Ace King on, Jul/10/2014

Gay or Nay: Atlantic City Embrace of LGBT Community Could Prove Lucrative

Atlantic City just got gayer thanks to that seaside gambling resort’s first openly gay Mayor Don Guardian, who recently declared one of the region's beaches to be "gay-friendly".

Submitted by Aaron Goldstein on, Jul/10/2014

Supreme Court Will Allow Ban on Sports Betting to Remain in New Jersey

WASHINGTON (Associated Press) — The Supreme Court on Monday left in place a ban on sports gambling in New Jersey, rebuffing an attempt to bring betting on professional and college sporting events to Atlantic City casinos and the state's racetracks.

The justices did not comment in letting stand lower court rulings that struck down New Jersey's sports betting law because it conflicts with a federal law that that allows state-sanctioned sports gambling only in Nevada and three other states.

Submitted by Associated Press on, Jun/23/2014

Resorts International Inks Deal With Sportech: Could Join Forces With PokerStars

ATLANTIC CITY — (Associated Press) - An Atlantic City casino that was thwarted in its efforts to join the Internet gambling market is preparing to get in the game.

Resorts Casino Hotel announced partnerships late Friday with European firms Sportech and NYX Gaming to offer Internet gambling.

They will join PokerStars and Full Tilt Poker to form an online betting option that could rival New Jersey’s market leaders, Borgata and Caesars Interactive.

Submitted by Associated Press on, Jun/21/2014

PokerStars Buyer Will Begin Talks With New Jersey Casino Regulators to Enter Market

ATLANTIC CITY, N.J. (Associated Press) - A Canadian company buying the PokerStars website will begin licensing talks with New Jersey casino regulators aimed at letting the world's largest Internet poker site operate legally in the state, the state's top casino regulator said.

Submitted by Associated Press on, Jun/18/2014

Poll Finds New Jersey Would Stick With Atlantic City Casinos

(Associated Press) - A new poll finds most New Jersey gamblers would continue to play in Atlantic City even after four new casinos are built in New York.

But the Fairleigh Dickinson University PublicMind poll also has some bad news for the seaside gambling resort: at least 12 percent of customers who now gamble in Atlantic City would take their business to New York.

The poll released Monday finds 57 percent of New Jersey residents prefer to gamble in Atlantic City.

New York is in the process of adding four new casinos to the 14 it already has.

Submitted by Associated Press on, Jun/16/2014

New Jersey Sees Sharp Decline in Online Gambling During Month of May

(Associated Press) - Internet gambling has hit a wall in New Jersey just six months after launching.

Figures released today by the state Division of Gaming Enforcement show the casinos' online operations took in $10.4 million in May, a decline of $1 million from April. Internet gambling revenues have now declined for two straight months in New Jersey.

But there was some good news in the numbers: Including Internet gambling revenue, and excluding the Atlantic Club, which closed in January, the casinos' total revenue was up nearly 1.3 percent.

Submitted by Associated Press on, Jun/12/2014

Churchill Downs, Showboat Hotel Online Gambling Lawsuit Moved to NJ Court

As if things couldn’t get any worse in the Garden State for its new online gambling industry, Churchill Downs and Atlantic City’s famed Showboat Hotel and Casino are embroiled in a lawsuit over a vendor agreement.

Churchill Downs had entered into a deal to purchase the Showboat Hotel. 

NLR Entertainment owner Nicholas Ribis was paid $2.5 million as “earnest money" by Churchill Downs to be the exclusive vendor of NLR for the period 2014 until 2021.

Submitted by Gilbert Horowitz on, May/28/2014

Slump in Online Gambling Adds to Christie’s Budget Woes

Bloomberg News on Monday evening reported what was already widely known throughout the gambling sector, that New Jersey has failed to meet its early expectations when it comes to their newly rolled out Internet gambling sector.  Even some operators are stepping forward to say it’s been a complete disaster up to this point.  

Brian Mattingley, chief executive officer of London- based 888, said in a telephone interview with Bloomberg News this weekend, “We are absolutely shocked by the slowness of the (New Jersey online gambling) market.”

Submitted by Aaron Goldstein on, May/26/2014

888.com CEO on Internet Gambling in NJ: ‘We Are Absolutely Shocked by Slowness'

Brian Mattingley, chief executive officer of London- based 888, said in a telephone interview with Bloomberg News this weekend, “We are absolutely shocked by the slowness of the (New Jersey online gambling) market.”

And he’s not the only one.

New Jersey casinos are in the process of shifting their marketing focus from poker to the online casino, which traditionally has been the cash cow for internationally based Web betting firms.

Submitted by Aaron Goldstein on, May/24/2014

Online Bet Startup Costs Shrink AC Casino Earnings

ATLANTIC CITY, N.J. (Associated Press) - Startup costs associated with Internet gambling, and the closure of one casino in January lowered Atlantic City's casino earnings by 8.4 percent in the first quarter of this year compared to the same period in 2013.

Figures released Thursday by the state Division of Gaming Enforcement showed the casinos had a gross operating profit of $38.7 million.

Submitted by Associated Press on, May/22/2014

NJ Sports Betting Suit has Far Reaching Implications: Other States Offer Support

Last week, the U.S. Department of Justice (“DOJ”) and the four major professional sports leagues, as well as the National Collegiate Athletic Association (“leagues”), filed their long awaited response to New Jersey’s petition to the U.S. Supreme Court to hear their appeal regarding the state’s sports betting law. This decision has far reaching implications for the future of sports betting in the United States.  

Submitted by C Costigan on, May/21/2014

Hard Rock Mulls Over Possible Purchase of Atlantic City Revel Hotel

(Associated Press) - The president of the Seminole Indians' Hard Rock franchise says the company would consider buying Atlantic City's Revel Casino if the price were right.

Revel, Atlantic City's newest casino, is seeking a buyer or a partner for a joint venture.

Florida-based Hard Rock has been a long-rumored suitor for Revel and made preliminary inquiries earlier this year to New Jersey casino regulators about what license it would need if it pursued Revel.

Submitted by Associated Press on, May/20/2014

NJ Bill Would Require Online Gambling Processors to Get 'Stricter' License

ATLANTIC CITY, New Jersey — (Associated Press) - New Jersey wants to subject companies that handle Internet gambling deposits and payments to stricter licensing requirements, in the hope it will make banks more willing to allow the use of credit cards to fund online betting accounts.

The reluctance of banks to allow credit card use to fund accounts is one of the main things holding back the growth of New Jersey's new Internet gambling industry.

Submitted by Associated Press on, May/20/2014

Lesniak to Introduce Sports Betting Bill in NJ Despite Court Losses

State Sen. Ray Lesniak (D-Union) announced plans to unveil new legislation that would permit legalized sports betting at the state’s racetracks and casinos, threatening to call the bluff of the federal government regarding sports wagering.

Submitted by Gilbert Horowitz on, May/19/2014

New Jersey Attorney General Denies Access to Online Gambling Affiliates

Online gambling affiliates, some of whom had already obtained their vendor licenses in the state of New Jersey, were dealt a serious blow by that state’s Attorney General last week.  But it is actually the casinos themselves that will feel the most pain.

New Jersey Assistant Attorney General George N. Rover informed those affiliates of state licensed online casinos that they would be restricted from directly targeting NJ residents or visitors unless they removed all links and banners from offshore gambling sites still conducting business in the state.

Submitted by Ace King on, May/19/2014

Internet Gambling Included in Pennsylvania State Budget

Lawmakers have made Internet gambling part of the Pennsylvania year’s state budget though few believe any measures would be signed into law in 2014.

The odds are stacking against Web gambling ever becoming legalized in the Keystone State.

Submitted by Gilbert Horowitz on, May/19/2014

World Series of Poker Hosts First Annual New Jersey Mayor’s Poker Tournament

Honorable Winner Will Receive $10,000 Donation for Local Charity of Their Choice

Atlantic City, N.J. – The World Series of Poker (WSOP) announced today that its online gaming platform WSOP.com will be hosting its inaugural New Jersey Mayor’s Poker Tournament on May 22 as part of the World Series of Poker National Championship week-long festivities in the newly WSOP-branded Bally’s Poker Room in Atlantic City.

Submitted by Press Release on, May/16/2014

New Jersey Internet Gambling Sees Decline in April

ATLANTIC CITY, N.J. (Associated Press) — New Jersey's fledgling Internet gambling industry saw its first monthly decline, falling slightly to $11.4 million in April.

In March, which had one more day of gambling than April had, Internet gambling brought in $11.9 million. Figures released Wednesday by the state Division of Gaming Enforcement show the average online take per day was $380,958 in April, down from $383,173 in March.

Submitted by Associated Press on, May/14/2014

Caesars Could Close All Four of Its Atlantic City Properties: Harrah’s, Bally’s

In a conference call last week, Caesar’s Entertainment Corp. CEO Gary Loveman said his firm could not rule out closing some or all four of its Atlantic City casino properties as a means to cut costs.

Submitted by Aaron Goldstein on, May/11/2014

CashBet is Coming to New Jersey: In Talks With Several Atlantic City Casinos

CashBet, a California-based and Alderney-licensed software platform provider and turnkey operator enabling online gambling for social and mobile games, revealed it will be offering its platform in the coveted US market by year’s end, specifically the state of New Jersey.

The company launched its real money online gambling platform in the UK on Thursday (May 8, 2014) with the casino game Casino Island Adventure from leading developer Gamzio, Inc.

Submitted by Aaron Goldstein on, May/08/2014

New Jersey Woman Falsely Claims Identity Theft After 10K Online Gambling Loss

A Jackson, New Jersey woman claimed she had her identity stolen after losing $10,000 to a state-licensed online gambling site.  State police charged the woman Monday with Theft by Deception.

 

John Brennan of The Record published the New Jersey State Police statement on this matter:

Submitted by Ace King on, May/05/2014

New Jersey Sports Gambling Tab Comes in at $2.8 Million and Rising

NEWARK, N.J. (Associated Press) — New Jersey's bid to legalize sports gambling has endured defeat after defeat in the courts, but one big winner has emerged, at taxpayer expense — the law firm hired to help Gov. Chris Christie defend a lawsuit filed by the four major pro sports leagues and the NCAA.

The firm — Gibson, Dunn & Crutcher — is the same one Christie hired, also with public money, to investigate the George Washington Bridge lane-closing scandal that is plaguing his administration.

Submitted by Associated Press on, May/05/2014

How to Fund an Online Betting Account in New Jersey: Firm Claims It’s Been Tough

Wayne Parry, New Jersey-based Associated Press writer, reports that funding an online betting account in the Garden State has not been easy despite the activity being legal for nearly 6 months now.

Funding by credit card has been among the most difficult.

Submitted by Ace King on, Apr/30/2014

Online Gambling in New Jersey: Toms River, Jersey City Top List of Registrants

This week we learned that Toms River ranked number one on the list of Most Registrants signing up and playing on licensed New Jersey online gambling websites. The state’s second largest city, Jersey City, ranked 2nd.

 

Submitted by Aaron Goldstein on, Apr/27/2014

Keven Stammen Wins the WPT Championship 2014

There are few soft spots in a field as talented as the 328 that entered the World Poker Tour World Championship sponsored by partypoker at the Borgata Hotel and Casino, and so it is fitting that there were no soft spots at the final table of six.

 

The table included Keven Stammen, Byron Kaverman, Tony Dunst, Ryan D'Angelo, Curt Kohlberg, and Abe Korotki, and in the end a large starting stack proved to be the difference in a relatively even collection of top poker talent.

Submitted by Press Release on, Apr/27/2014

NFL Player Miles Austin, Phil Hellmuth Going Deep at 2014 WPT World Championship

Day 2 has come to a close at the WPT World Championship, sponsored by partypoker, and 68 players have survived from the 200 that started the day.

Submitted by Ace King on, Apr/24/2014

WPT World Championship Atlantic City 2014 Numbers Are In: $1.3 Mil to the Champ

328 entries, $4,852,400 in prize money, to 36 spots will pay cash and $1,310,146 goes to the winner of this year’s WPT World Championship currently taking place in Atlantic City after 11 years in Las Vegas.  The event is expected to provide the struggling seaside gambling resort with a significant economic jolt.

Submitted by Ace King on, Apr/23/2014

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