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.

Submitted by Nagesh Rath on, Jan/16/2014

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.

Submitted by Aaron Goldstein on, Jan/14/2014

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.

Submitted by Associated Press on, Jan/13/2014

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 digital entertainment that operates partypoker, announced the historic deal Thursday.

Submitted by Associated Press on, Jan/10/2014

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.

Submitted by Associated Press on, Jan/07/2014

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)

Submitted by Gilbert Horowitz on, Jan/07/2014

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.

Submitted by Patrick Flanigan on, Jan/04/2014

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.

Submitted by Aaron Goldstein on, Jan/03/2014

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 reader wrote us to discuss his experience signing up with Caesars Online Poker, utilizing the popular platform.

Ralph P., a resident of Northern New Jersey, writes:

Submitted by C Costigan on, Jan/03/2014

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.

Submitted by Jagajeet Chiba on, Dec/30/2013

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.

Submitted by Associated Press on, Dec/30/2013

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.

Submitted by C Costigan on, Dec/27/2013

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.

Submitted by Associated Press on, Dec/24/2013

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