Four Permits Have Been Issued So FarPublished on October 17th, 2013 3:21 pm EST
According to the New Jersey Division of Gaming Enforcement, Trump Taj Mahal Casino Resort and Trump Plaza Hotel and Casino became the latest Atlantic City properties to be awarded Internet gambling permits earlier today.
In total, four properties have been issued Internet gambling permits by the state of New Jersey so far - the two properties mentioned above, as well as the Borgata Hotel Casino and Spa and the Golden Nugget Atlantic City. The partnerships for the four properties that have been granted licenses in New Jersey so far look something like this:
Borgata Hotel Casino and Spa/Bwin.Party
Golden Nugget/Bally Technologies/Ongame
Trump Taj Mahal/Ultimate Gaming
Online gaming will officially launch in New Jersey at 9 am on November 26th. Permit holders will be required a hold a "soft play" period that lasts for a total of five days prior to the launch. During this "soft play" period, "invited patrons" will be able to test the software in a "live" environment. Assuming that this soft play period goes well, permit holders will be able to offer their product to anybody within the state of New Jersey.
Earlier this year, New Jersey became the third state, along with Delaware and Nevada, to offer online gambling.
According to most analysts, New Jersey should end up being the most lucrative of the three markets. It is hoped that the addition of online gambling will boost the sagging fortunes of the Atlantic City casino industry, as revenues have slumped dramatically over the past 6-7 years.
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