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Moody's: Legalized Online Gambling in New Jersey a Boost to Casinos

Written by:

Reuters

Published on:

Mar/02/2013

Moody's: Legalized Online Gambling in New Jersey a Boost to Casinos

(Reuters) - Moody’s Investors Service on Thursday said legalization of Internet gaming in New Jersey is credit positive for the Atlantic City casino industry.

Moody’s said licenses to offer Internet gaming will be limited to Atlantic City's existing casino operators and their partners, and it will attract more players to the city.

The law also allows New Jersey Division of Gaming Enforcement "to reach agreements with other states to expand the pool of players," Moody's said.

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