Online and land based casinos prepare for November internet launch in New Jersey

Online and land based casinos prepare for November internet launch in New JerseyWith just over a month to go to the launch of regulated online gambling in New Jersey, major casino operators both land based and online are preparing to enter a potentially very lucrative market. Even with gambling restrictions in place in the United States, it is estimated that over 2 and a half billion dollars were spent on gambling in 2012. New Jersey is one of only three states that are legalizing internet gambling but for the moment this will only be legal intra state.

Operators are still working on having inter state online gambling made legal. So at the moment the race is between Delaware, Nevada and New Jersey. In contrast to Nevada, New Jersey has permitted all casino games in its online gambling legislation while Nevada has so far only legalised online poker.

The online casino launch is set for the 26th  of November but some specifically invited internet casinos may be launched in a trial run on the 21st November. Those applying for an online casino licence in New Jersey must form a partnership with one of the state’s twelve existing land based casinos in Atlantic City.
Borgata has an agreement with Bwin Party as its online casino software supplier. The New Jersey Division of Gaming Enforcement has recently granted gaming licences to two Trump casinos in Atlantic City, the Trump Taj Mahal Casino resort and the Trump Plaza hotel and casino and the Golden Nugget also holds a gambling licence. The land based casinos in Atlantic City will benefit greatly from the legalisation of online gambling in New Jersey which is said to be the biggest market for internet gaming in the United States.

Two major online casino operators Betfair and 888 Holdings are getting ready to launch internet casinos as soon as they become legal. Gibraltar based 888 Holdings (888 casino), which is active in Nevada has formed a partnership with Caesars Interactive Entertainment to launch its online casino in New Jersey. Another European company, Betfair, the largest online betting exchange in the world also based in Gibraltar, is ready to start operations in New Jersey. Over the next few weeks final details for all potential online casinos will be clarified in preparation for the 26th of November.

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