Online Poker set to Fire at Atlantic City

by | Published: Thursday, August 1st, 2013

The New Jersey Division of Gaming Enforcement has received license applications from 37 separate corporations hoping to enter the state’s real-money online gambling market within the year.

While the names of the companies will not be released until they have been approved by the state, many have already announced partnerships ahead of the state’s highly anticipated launch.

Division Director of Gaming Enforcement David Rebuck commented recently on the progression currently being made by his team.

“We see this as the first round of filings and we expect that more applications will be filed as the start of Internet gaming moves closer” Rebuck said.

“The July 29th deadline does not preclude someone from filing for a license in the future. All proposals will be considered as they are received”.

As it currently stands, 10 of the 12 casinos in Atlantic City have partnered with online gaming providers, leaving two; Revel, who have only recently emerged from Chapter 11 bankruptcy and the Atlantic Club Casino, who had previous reached an agreement with PokerStars before backing out last month.

Among the internet gaming providers already signed on are 888 Holdings, owners and operators of around 10 sub-companies including 888poker and 888sport, as well as bwin.party, Ultimate Gaming and PokerStars.

Also announced last week was the partnership of British-based 2UP Gaming and an Asian investment group, who will stake a whopping $330 million towards either building or purchasing a Casino. For 2UP to enter the online market, a connection to a physical casino is necessary.

New Jersey became the third U.S state to approve online gambling, following Nevada, which had a poker-only bill signed into law this year, and Louisiana, who are currently not running this enterprise.

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