New Jersey Approves Online Licenses For Two Atlantic City Casinos

New Jersey’s Division of Gaming Enforcement officially validated online gambling licenses for two Atlantic City casinos in the past week.  Applications from the remaining casinos, along with dozens of online gambling operators are still under review in the lead-up to the scheduled online gambling launch date in New Jersey on November 26.

The Borgata casino, the largest and most financially successful casino in Atlantic City, was the first to obtain an online gambling license.  The Borgata agreed to an online gambling partnership with bwin.party, which is one of the world’s largest internet gaming domains.  However, the DGE is still reviewing the application from bwin.party, and analysts are unsure if the license will be approved before the launch date in New Jersey.

Earlier this week, the Golden Nugget casino was also given approval to brand an online gambling domain.  The Golden Nugget online casino is expected to be powered by Bally Technologies, pending approval from the New Jersey DGE.

The remaining casinos are waiting on decisions from the DGE regarding their applications.  But New Jersey regulators are also reviewing gambling license applications from other offshore operators, including PokerStars.

The world’s largest online poker room aggressively pursued an opportunity to enter the New Jersey online gambling market.  Under the state’s laws, operators must partner with an Atlantic City casino and PokerStars unsuccessfully offered to buy the struggling Atlantic Club Casino.  However, PokerStars succeeded in partnering with the Resorts Casino, and offered to invest $10 million in a new live poker room at the casino.

The DGE is unlikely to approve all online gambling licenses by the launch date on November 26, which could provide the Borgata and the Golden Nugget opportunities to conquer the New Jersey online gambling market.

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