Lawmakers in New Jersey have agreed a deal to send financial support to the US state’s gambling resort of Atlantic City, following a sharp drop in casino revenue during recent years. Total casino revenue in the resort for the 12 months to December 31, 2015, came in at $2.2 billion (€2 billion), down from $5.2 billion in 2006, partially due to the closure of four of its 12 casinos in 2014. With some analysts predicting that revenue will fall again this year, the state has agreed to step in by approving a measure to extend bridge loans and grants to…

At the Friday May 13 meeting of the Nevada Gaming Policy Committee, Governor Brian Sandoval said that he was willing to sign an interstate compact to share online poker liquidity with New Jersey immediately. “I’m ready to go,” said the governor, adding, “It’s a win-win for both states.” The governor was immediately backed by A.G. Burnett, the chairman of the Nevada Gaming Control Board. Burnett said that he was “ready, willing and able” to sign an interstate agreement with New Jersey. The Policy Committee was clearly unsure as to why New Jersey was not equally enthusiastic. The committee told the…

NetEnt has announced that launch of a selection of its online casino games with the Tropicana Casino in New Jersey, US. In October last year, NetEnt brokered a deal with Gamesys US to begin offering its games on the TropicanaCasino.com and VirginCasino.com platforms. Having secured a transactional waiver from the New Jersey Division of Gaming Enforcement, which enables a developer to launch games with an operator while its full licence application is still under review, NetEnt has launched its games on TropicanaCasino.com. More at iGaming Business

Exchange wagering, a fixed-odds, peer-to-peer form of parimutuel betting popular in other parts of the world, will be offered to residents of New Jersey on horse racing beginning May 10th, Betfair US, the operator of the world’s most popular platform, and Darby Development, the operator of Monmouth Park, announced today. Unlike traditional “tote” wagering, where the odds fluctuate, are not determined until the start of each race and are the same for each customer, exchange wagering utilizes cutting-edge technology to allow players to take fixed odds by proposing or matching anonymous trades with each other via the exchange platform. Exchange…

Delaware may have been the first state to legalize online gambling, but since Nevada and New Jersey followed suit, New Jersey has been stealing most of the spotlight with its record-high numbers and continual innovations. Last week, New Jersey became the first state to offer not only online gambling and poker, but also online bingo. Pala Interactive, a California-based tribe of Native Americans, launched a real-money bingo website in the Garden State where players can play 90 ball bingo and receive a number of different promotions. Chief executive officer of Pala Interactive, Jim Ryan, commented on the launch, “We believe…

NetEnt has entered into a licence agreement with Amaya-owned online gaming brand PokerStars in the US state of New Jersey. Under the deal, NetEnt will supply desktop and mobile games to PokerStars, which this week began a soft launch period in the state ahead of a scheduled full launch next week. NetEnt, which already has partnerships with a number of major operators in the state, will now apply for a transactional waiver from the New Jersey Division of Gaming Enforcement to launch operations with, PokerStars. The company’s application for a full licence is still under review from regulators in the…