Doubling Down on Gambling in Atlantic City

From NY Times – Known simply as Revel, the newest addition to this gambling city was going to be different. The emphasis was on luxury, with the Himalayan salt grotto in the spa, the botanic garden winding toward a rooftop pool, the Michelin chefs instead of all-you-can-eat buffets. There was no smoking in its 47 stories, and with floor-to-ceiling windows offering vistas onto the Atlantic Ocean, you could almost forget the seedier streets at its back. There was a casino, but it was self-contained on one floor, as if it were an aside. This was a resort, its promoters said,…

Atlantic City casinos meet deadline

From iGaming Business All twelve of the land-based casinos in Atlantic City have now notified the New Jersey Division of Gaming Enforcement regarding what intra-state online gambling deals they have made or intend to sign. According to a report from the Reuters news service, the Borgata Hotel, Casino and Spa, which is co-owned by Boyd Gaming Corporation and MGM Resorts International, along with operator Caesars Entertainment Corporation were among the first to meet a deadline set last month. Caesars Entertainment operates the Showboat Atlantic City, Bally’s Atlantic City, Caesars Atlantic City and Harrah’s Resort Atlantic City venues and is to…

Every casino in New Jersey wants online gambling

From NJ.com In a sign of how lucrative online gambling in New Jersey may become, every casino in Atlantic City plans to offer its own games in cyberspace, state officials announced today. The city’s dozen casinos had until today to apply to the Division of Gaming Enforcement to be a part of the first round of approvals — and all did, said Lisa Spengler, a spokeswoman for the Division of Gaming Enforcement. Each resort said it plans to partner with an existing internet wagering company to offer digital gaming in New Jersey, Spengler said. Those partner companies — some based…

Atlantic City Casinos Looking for Online Partners

Internet gambling isn’t expected to start in New Jersey until around Thanksgiving, but Atlantic City casinos must move fast to line up partners for their online operations. The state Gaming Enforcement Division has told the casinos they have until June 30 to arrange Internet gambling deals. The short time frame is intended to give state regulators time to examine the qualifications and backgrounds of the companies that want to partner with the casinos, particularly since several foreign companies are considered likely to join with Atlantic City casinos. One of them, Bwin.party, is based in Gibraltar, and has inked a deal…

Atlantic City

Wall Street: Atlantic City Online Gambling Will be Boon

New Jersey casino gaming is not exactly booming, but Atlantic City online gambling may offer some hope. For six consecutive years, revenue there has been on a steady decline. Its newest casino, the $2.4 billion Revel, just exited from Chapter 11 bankruptcy. And to top it all off, last fall the city, along with the rest of the New Jersey coastline, was slammed by Hurricane Sandy, from which the region is still trying to recover. Prognosis for AC is good, according to Wall Street analysts  Last week the East Coast Gaming Congress was held, and it was there that a…