Archive for the ‘Industry News’ Category

Borgata Nabs First Online Gambling License

Monday, October 7th, 2013

With the start of legalized online casino gambling in the United States, it’s time we start paying closer to who has been given official permission to go live (beyond a partnership between online brands and brick ‘n mortar casinos).

First out of the gate is, arguably, Atlantic City’s most swanky gambling destination – the Borgata Hotel Casino. The Borgata is the first casino property in the New Jersey gambling market to gain full allowance to take wagers at the end of next month.

According to the state Division of Gaming Enforcement, the well-known casino was the first to file a complete application to offer online gambling. The Borgata has chose bwin.party as its online brand partnership.

Gambling enthusiasts in New Jersey will have a little more on their plate than turkey during this year’s Thanksgiving Weekend, as the official launch date for wagering online will begin the morning of November 26 (so long as a trial period commencing on November 21st and lasting five days, goes off without too many hitches). The trial period will be free of real money wagering and works as a preview for players and a testing period for software and website operations. This is typical and practiced in other online gambling markets.

As will be in the case in all legislated US states, gamblers will have to be physically located within New Jersey’s boundaries to play for real money online. New Jersey stands to be the third state in the nation to offer online gambling (along with Nevada and Delaware), albeit New Jersey has the most highly anticipated launch with most every property set to go live as soon as permits are granted.

The enthusiasm in Atlantic City stems from simple necessity, designed to give the besieged casinos new revenue they so desperately need. Atlantic City’s casino revenue has sunk from a high of $5.2 billion in 2006 to little more than $3 billion in 2012 (and could very well continue to sink below that mark this year). Neighboring states providing brick and mortar competition, Superstorm Sandy and a handful of other damaging events has brought upon New Jersey the worst decline in tourism in the state’s history.

The Borgata definitely has a comfortable edge as the first licensed casino online. Even though most every other Atlantic City property has a partnership underway, licensing for these other casinos is likely to come some months after the November 26th launch, thus giving The Borgata a healthy headstart within the burgeoning New Jersey online gambling market.

Among the other operators that have applied for a license is Caesars Entertainment, which is partnering with 888 Holdings in New Jersey and already has its eye on interstate compacts. Looking to expand straight out of the gate, Caesars has the plan to work with Nevada, through the World Series of Poker brand (WSOP).

Worth noting, in partnership with Resorts Casino, PokerStars may be brought back to life with the US online poker market if New Jersey approves its license application. Poker gaming giant Poker Stars was seemingly put to bed after the huge Black Friday fallout with the US Justice Department. It just goes to show that the online gambling industry is gaining much steam, and further legislature in the US (whether on a State-by-State or federal basis) is only a matter of time.

Who Says US Lawmakers Are Against Online Poker?

Sunday, September 29th, 2013

johnmccain_onlinepokerOne can’t help but get a good chuckle out of the entire circus surrounding online poker legislature in the US, especially when even our lawmakers are caught playing poker from their iPhones during serious congressional hearings.

According to a report in The Guardian (not to mention social media outbursts of laughter), Republican Senator John McCain was recently photographed/caught on film attentively playing poker on his iPhone during the extremely heated Senate Syria hearing that has been widely debated and covered by all news outlets. Melina Mara, who is a Washington Post photographer, couldn’t help but snap away pictures of McCain when she observed him actually engaged in a poker game on his smartphone during a very tense senate debate over Syria and potential US action in the grave matter within the Middle Eastern country.

I guess even lawmakers fall prey to the same curiosities we do while working, right? But most concerning is that after McCain realized he was snapped by a photographer during his online poker session while seated during the Syria hearing, he didn’t seem too concerned at all. Supporting what I believe to be a lack of contrition when caught playing online poker from his iPhone, McCain tweeted that a lengthy 3-hour long session concerning intervention in Syria (which he is firmly in favor of), was to blame, not his love for poker.

I’m not necessarily suggesting that Mr. McCain was logged onto Ultimate Poker or playing for real money, but I am pointing out that online poker has certainly commanded serious popularity, has it not? It sure seems that poker has made its fair share of headlines in the US regarding proposed bills and several failed attempts to getting an appropriate bill passed into legislature.

For me personally, my interest is piqued in this matter and I find it interesting that poker is actually being played online in the very room it so desperately is trying to become legalized for real money wagering. But my most pressing question is this: Hey Senator McCain, did you win?

Latest Wynn Possibilities in Atlantic City

Tuesday, September 10th, 2013

Last month, Wynn Resorts entered the New Jersey online gambling market with surprising interest in either buying a casino in Atlantic City or partnering with an online casino brand to launch a site in New Jersey. Surprising indeed because Steve Wynn himself recently stated that New Jersey was the “enemy” in relation to the brick ‘n mortar gambling industry.

Exploring the idea of Wynn Resorts perhaps taking over the beleaguered Atlantic Club Casino and Resort in Atlantic City, I personally have less faith that Steve Wynn meant what he said. Perhaps he did for a bit – but for the brief time between his statement and the realization that properties are actually still available in New Jersey.

What if Wynn Resorts did indeed buy the Atlantic Club in Atlantic City in order to gain a foothold in New Jersey’s highly anticipated internet gaming market? After all, Wynn knows the property right? Steve Wynn actually built the Atlantic City Boardwalk’s southernmost casino property back in 1980. At the time, the property opened as the Golden Nugget. Seven years later he sold it. Since then, the casino has seen its share of name and branding changes.

As previously reported, a Wynn subsidiary discretely applied for one of New Jersey’s online gambling licenses. The Press of Atlantic City found out, however, both the Division of Gaming Enforcement and Wynn officials have remained mum on the subject. For enforcement officials, this is obviously a confidential matter. But for Wynn Resorts, mum is the word apparently, as they perhaps back-peddle on Steve Wynn’s previous comments regarding New Jersey.

A requirement in New Jersey is that online gaming providers must partner with an operating Atlantic City resort. Though all but 2 casinos in Atlantic City have entered into such partnerships, the Atlantic Club has remained on the market.

New Jersey is set to take off this coming Thanksgiving and analysts believe it will be far more profitable than Nevada’s online poker market. New Jersey has more than 9 million residents and is adjacent to New York City, Philadelphia and other heavily populated and gambling-friendly areas.

Reuters has firmly stated that Nevada’s online casino market will generate $50 million to $250 million in annual revenue while New Jersey is predicted to generate $500 million to $1 billion yearly.

Does Steve Wynn still have an affinity for the Atlantic Club despite his remarks about online gambling and New Jersey? It has been reported around Atlantic City that Wynn has regularly visited the property in the past months.

In other Atlantic City standings, PokerStars has moved on to become the online gaming partner for Resorts Atlantic City. We recently covered an article about Gibraltar-based 888 Holdings and its Caesars Entertainment Corp.’s partnership in New Jersey. Gamesys Limited of Britain has signed on with the Tropicana Atlantic City. Trump Plaza has apparently shacked-up with Betfair, and Borgata has partnered with Bwin.party of Gibraltar.

We also covered the news surrounding PaddyPower and its would-be interest in the Atlantic Club. Paddy Power passed licensure vetting in Nevada last year and has since announced interest in New Jersey. Perhaps the Atlantic Club is being wooed by both Wynn and Paddy Power?

Lastly, Landry’s Inc., the owner of the Golden Nugget Atlantic City, might be eyeing a sell-out. The property, despite an expensive renovation, has not seen the revenue it needs to succeed. Also a Wynn possibility, no? The company has not made a definitive decision and may consider selling internet gaming rights on the property also. So many options, you might have better odds playing online keno.

888 Announces New Jersey Online Gambling

Monday, August 12th, 2013

Popular UK based online gambling hub, 888 has announced it will enter the New Jersey internet gambling market in order to move ahead into the swiftly approaching Fall launch of online wagering in New Jersey.

Based in London, 888 Holdings announced it will launch both online poker and casino games under its own casino brand. This announcement is not long after news about 888 regarding its other already-in-place agreement to partner with Caesars Interactive Entertainment (CIE; the online gaming branch of the well-known casino brand) to share its internet gaming platform. Interestingly enough, CIE is also a big player within the upcoming Atlantic City online market.

New Jersey is shaping up to take over Nevada as the number one online gambling market in the US – where betting online for real money has been legalized in a handful of states. While Nevada has already launched wagering online, only one poker room has gone live to this day: Ultimate Poker. Submerging the 888 brand heavily into the New Jersey market is indeed a very lucrative move for 888 Holdings.

Delaware has also legalized forms of online gambling, yet progress going live has been slow. Other various states are looking into legislature, including the prospects of interstate gambling. Various moves within Congress and lawmakers to create country-wide, blanketed legislature have been active, yet also unsuccessful. But most industry analysts agree that it is only a matter of time for federal regulation.

Online casino wagering was prohibited by Congress back in 2006 – a ban which dealt a major roadblock to online gaming brands like 888 (that was actively taking bets from the US market before the hammer was laid down by the Department of Justice). Since then, sluggish land-based casino revenue coupled with hungry state coffers has created a new era in the US online betting industry.

As far as 888’s provisions and partnerships go (the well-established brand that Caesars’ brings to the table), 888 vows to provide every possible form of wagering available in the New Jersey sector. Not just providing an online poker room like some other brands, 888 will provide an entire online casino suite of games. 888 is actively pursuing deals for gaming within all three US states that have legislature in place.

There certainly has been a heavily increase of interest by online casinos to enter the New Jersey market. Partnerships between brick and mortar casinos and online casino companies have been swift and abundant, save for a couple partner missteps, leading to a bit of concern that competition may get out of hand.

These new partnerships will come with some serious marketing budgets that will definitely need to be controlled. Industry estimates and forecasts for the New Jersey sector call for nearly $450 million in annual revenue. While New Jersey desperately needs the income for several reasons, forecasting may need a little re-tweaking and re-projecting as this beefed up competition will most likely and potentially generate more than the initial $450 million expected.

888’s revenue alone has already been steadily increasing as European online poker players (where gambling has been legal for quite some time) have been increasingly interested in playing poker and other casino games for real money bets. The last numbers released by 888 (2nd quarter) show a 5% increase in earnings totaling $97 million. Since that quarter (we are now in the 3rd quarter) action at 888 has shown projections that continue to see an increase.

Investors are loving 888, wherein shares equate to boosting the casino brand’s value to a reported 600 million pounds. The impending move into the US market has sparked interest with the investing community indeed.

New Jersey is set to go live with online casino activity as early as the upcoming Thanksgiving Weekend quickly approaching.

Bitcoin Action: SatoshiDice Sells

Wednesday, July 31st, 2013

bitcoin currencyWe’ve been following the Bitcoin concept pretty much from the get-go. The most recent major news this week: SatoshiDice has been sold.

SatoshiDice is well-known as an online casino that uses the Bitcoin concept exclusively. This acquisition is a big deal to the online gambling industry for a few reasons; the number one being that perhaps Bitcoin could become a more formidable solution for cashing out real money at a large number of internet betting sites. SatoshiDice is currently the only online casino that deals exclusively in the crypto-currency known as Bitcoin.

The purchase of SatoshiDice definitely has a positive impact on the Bitcoin’s future and is an impressive transaction at that. SatoshiDice was snapped up for around $11.5 million US dollars, or as we should say, 126,315 Bitcoins. There is no real affirmation as to what company or entity has purchased SatoshiDice, save to say it’s a company that sees the possibility in the casino currency’s future.

Most people are wondering about SatoshiDice itself. Unlike the big brands such as Bet 365, or the Club World Casinos sites, SatoshiDice has a simple concept that only includes one easy-to-play dice game. Players select a number they want, bet their Bitcoin wager, the Ghost of Satoshi rolls the dice – and should the player’s number be lower than the digit that’s rolled – they are victorious.

While this is not the casino game of skill-based players, its overall transaction concept is unique and some would say, very enticing. Part of the attraction for players is that they don’t necessarily fall prey to most real money wagering stipulations. And the payout is super fast.

At the time of the SatoshiDice purchase, it was reported that more than 5.3 million wagers were made playing the simple dice game. Nearly $4 million has been paid out to winners. Interestingly enough, nobody is sure how much the 5.3 million wagers rack up to. What’s more, each payout comes with a small fee imposed on the player/user.

The real topic of interest is that wagers are not technically real money wagers, yet they do carry value once the transaction is complete. Players deposit real money to obtain the Bitcoin, which in turn, are used to bet with at SatoshiDice (or any other potential outlet where Bitcoins are processed and used).

Additionally, this sale signals the first major buyout of a business that revolves solely around the Bitcoin itself; it draws attention to just how much Bitcoin currency is circulating in its economy, and the potential revenues to be made.

While the Bitcoin concept wasn’t solely designed for online gambling purposes, it has the ability to be used as a payment service online, period. Gambling – with its complex online regulations from region to region – has spawned a whole new concept where money and online wagering are concerned.

Given the somewhat ambiguous nature of Bitcoin, the Bitcoin concept definitely helps various players from various areas of the world to skirt the real money transaction issue surrounding certain online casinos. But then again, SatoshiDice does not accept purchases/wagers from US players.

All in all, the Bitcoin venture is gaining a lot of buzz, and there is certainly more to come regarding its use in the online betting industry.

Zynga and Facebook – The Latest Outlook for Online Gambling

Friday, July 12th, 2013

There has been much continued speculation within the iGaming industry regarding the future of gambling for real money online. The market is opening slowly in the US, and the projected shift toward social and mobile gaming is picking up some steam after a somewhat shaky start. If you have a Facebook account (and who doesn’t?), you probably know about Farmville and Mafia Wars…or at least remember them.

Ever since the heyday of Farmville, there have been several “Ville” cousins developed, and now Zynga is looking toward the online gambling industry – the speed of which is finally gaining some traction.

Gambling online has become more portable and more social than ever before thanks to Facebook and smartphones. It would only seem natural for a gaming company like Zynga to take a leap of faith into the US market where gambling online is budding. With the massive following Facebook has, not to mention its existing movement within the (already legal) UK market of real money social gaming, the world of social online gambling is looking ripe.

After a rough spot between dwindling interest in such fad games as Farmville and the impending regulation of online gambling (in the middle of which Zynga went public with a less than stellar stock debut), it seems things are looking up again as interest in the potential of Zynga is being realized more.

Zynga recently let more than 500 employees go (including its CEO, who stepped down on the 1st of the month) in efforts to save its sinking ship. It seems the waiting for its next venture (online gambling) was a time period too long and too costly. Perhaps a life raft known as new CEO Don Mattrick has arrived just in time. After the announcement of the high profile new leader at Zynga, eyes have started to open wider. The prevcious CEO, Mark Pinkus, is still around in the Chief Products Officer position.

It was formally announced this week that the company fully intends to bank on the online gambling industry via Facebook. And while investors are attracted, Facebook hasn’t formally agreed to a plan…yet. However, at a World Gaming Executive Summit in Barcelona, Facebook’s Sean Ryan was previewing Zynga Plus Poker and Zynga Plus Casino.

Investors can only imagine how much potential there is in the pending US market. Three months ago, Zynga released online and downloadable versions of its two real-money games in the UK via established British poker company, Bwin.Party Digital Entertainment, which has had its own problems within the US market. Zynga’s Facebook and mobile versions of these games are coming soon.

UK (as well as US) players can already take part in Zynga Poker on Facebook. At this time, players are simply limited to playing for “real money chips” that they cannot withdraw. The future holds the ability to play for real money with withdrawal-able winnings.

While Facebook still holds the key, investors are waiting with baited breath for any news of solidarity between Facebook and Zynga that would create the highly anticipated social gambling for real money platform in the US.

The UK market is actually a great starting point for the Zynga concept, with it’s high concentration of experienced online casino players that generate over £2.3 billion (over $3.4 billion US) in revenue. Yes, in the UK alone.

BitCoin Continuing with iGaming Player Payment Focus

Saturday, June 29th, 2013

bitcoin currencyWhen you stop for just a moment to ponder all the advances in technology that are coming out of the online gaming industry, you cannot help but marvel at the fact that so much has happened so fast.

And yet, more is to come. Taking the internet from a place where you learn about casino games to a place where you play casino games for real money has been no easy task indeed. From innovative software technology advances that have brought casinos to the HTML5 era, 3rd party regulative systems that effectively audit the virtual casinos, to safe and secure payment and banking options, the internet gambling industry has come a long way indeed.

But just when we’ve begun to conclude the issues surrounding gambling online and regard its true legitimacy in new markets, including the slow-starting US region, a new virtual currency looms in the background…or rather, continues to loom, as most gamers still haven’t heard of this currency option.

Bitcoin payments may very well emerge online as a new, somewhat controversial form of money that may also create a few waves with other banking systems currently used. But let’s face it – there’s not one aspect of online gambling that is not completely competitive. And casino payment services are no exception.

While Bitcoin has historically been used in a few online industries in the past, it has yet to make its grand entrance into the online gambling industry. Gaining new interest within the virtual casino realm at the iGaming Super Show this month, Bitcoin is now appearing on the radar. However, keep in mind there is great caution being exercised regarding this innovative, yet controversial currency option.

If a large casino brand with the means to go live immediately were to use Bitcoin as a payment option at its online casino, there is no doubt that there would be some attention paid in great detail by regulators who are – quite frankly – not sure of the option’s true legitimacy at this time.

Just remember how long it took for the fire to catch within the US market regarding gambling online. With online casino operators clamoring for licenses in the US alone, it is not necessarily feasible that any one of them would welcome additional examination from regulators.

Then there’s the whole demand issue. Online players in large part don’t know about Bitcoin and its concept to being with. Let’s just say that no one is asking for it…just yet. It will be a smaller operation that takes on Bitcoin first.

Bitcoin itself remains confident. Even before the new interest displayed at the iGaming Super Show, the company has stated it is simply a matter of time until the Bitcoin concept is adopted within the online gambling industry.

There are indeed a few things Bitcoin already has going for itself. Within legalized gambling areas, player identity is already a prerequisite. This means the money laundering stigma theoretically remains the same for all types of payments and banking efforts. Bitcoin only elevates the privacy issue on the customer-facing side only. This is a legitimate attempt at transparency. And as far as tackling the demand issue goes, Bitcoin also believes that newer, upcoming casino operators are attracted to the fact that Bitcoin’s concept is innovative and considered a standout option, subsequently making them attractive to new online casino players.

So, what’s on the Agenda?

Indeed, there is some further interest in Bitcoin on the horizon. CalvinAyre.com is an authorized media partner of this year’s Bitcoin London seminar taking place in Canary Wharf. The company is also boasting that the founder of online 3D poker site PKR, Jez San, will be at the conference. San has showed an interest (whatever it may actually be) and has been present at various previous Bitcoin related events.

We will definitely remain tuned in to see which online casino operator adopts the Bitcoin first. For more information on this digital casino chip concept, stay tuned to the OCS Blog!

Bally Inks iGaming Deal With Interblock

Friday, June 14th, 2013

interblock blackjack multiplayer tableBally Technologies, a well-known casino supplier and gaming developer, has announced a partnership with the luxury gaming products supplier, Interblock, to merge its online gaming products with Bally’s critically acclaimed online gambling platform.

While both companies each have previously developed their own online solutions for Web applications, the partnership is yet another move between established brick and mortar casino gaming companies into the world of online gambling. We’ve seen a number of these partnerships take place in the US market  thanks to further regulation in a growing number of states, including the state headquarters for Bally and Interblock – Nevada.

The specifics of the partnership (according to Bally’s press release) will involve Interblock integrating its online gaming content into Bally’s innovative iGaming platform, consequently providing land-based casino operators with more best-in-class content that can potentially be used on the World Wide Web in an online casino application.

Bally is a well-known and established brand in the gaming industry, thus making them very attractive to the online market. They are the brand name, and companies like Interblock will serve to provide innovative enhancements to Bally’s bundled gaming solutions.

After taking a quick look at the land-based casino games and multi-player table games that Interblock builds (shown in image above), it is easy to see this is a company with its eye on the future. Producing some of the most advanced, futuristic styles of gaming tables and casino products on the market today, it is clear that Interblock’s physical product line has kept pace with the software side.

The new partnership between Interblock and Bally certainly coincides with the revolution currently taking place in the iGaming world. Still holding onto the values of land-based gaming, and yet converting classic casino games into their online counterparts, Bally Technologies and Interblock will potentially create an amazing platform together. According to Bally Technologies’ Vice President of Business Development, John Connelly, “this relationship further validates the current transformation within the online gaming sector, which integrates traditional and online casino systems, allowing casino operators to protect their data while offering their customers best-in-class content.”

We certainly look forward to learning about even more companies like Interblock, which are providing top-line B2B solutions for the gambling industry at large.

Nevada Gaming Board Approves GambleID

Sunday, June 2nd, 2013

gambleid_1012

One of the biggest hurdles in developing online gaming regulation, ie., legitimizing online wagers, has always been the ability to effectively identify a player and their actual location in order to comply with jurisdictional laws. After all, one region may legalize gaming online but without the physicality of a casino.

So then, without a place to literally check identification, what’s to stop someone from playing online in a location they are not allowed to? Fortunately, there’s quite a lot – and all thanks to modern-day technology.

The Nevada Gaming Control Board (NGCB) along with the Nevada Gaming Commission (NGC) just approved GambleID for a gaming license as a Class 2 Service Provider. GambleID will effectively apply customer insight to online gambling sites, meaning, it will provide the software for identifying and authenticating casino patrons online. With this new approval by the NGCB, GambleID has become the 23rd company to be given an online gaming license to operate within the Nevada online gambling industry.

GambleID’s platform provides a full start-to-finish process that provides complete insight into player identification and location verification. One of only a few companies that can provide this authentication process with online casinos, GambleID’s technology will ensure that in Nevada, all players logging on and gambling online, are residents of Nevada, or are at least qualified to play while physically in Nevada. In a way, you could say that even online, “what happens in Vegas, stays in Vegas”.

While GambleID is not a new company, it has historically provided products and solutions designed to meet the regulatory compliance requirements of the online gaming industry at large. GambleID is confident that their concepts for helping online casinos verify players will be essential and valuable for the next market to be legalized for online gaming.

According to GambleID, its multi-layered platform effectively verifies identity, validates location, digitally fingerprints devices, provides payment authenticity, risk mitigation, and even forecasts customer value and ranking using resourceful tools through its fully managed services.

It’s quite obvious that regulators are concerned when it comes to reducing the risk of improper gaming. As tricky as it may have been in the past to verify a player and their location, those days are surely dwindling as technology has advanced in order to meet the massive demand. The announcement for approval coming from the NGCB and NCG is a huge achievement for GambleID and a major move toward further legitimizing online casino gambling in the United States.

When it comes down to it, developments like these really are a win-win for all parties involved. As gaming operators vie for online licenses, completely accurate software for proving a player’s identity and where they are truly located is vital. Without authentication, casino operators might as well forget about applying for a regulatory license. Advancements like this are an integral part of online gambling expansion, for as new US states and other regions of the world consider legalizing real money online wagering, all eyes will be on jurisdictions like Nevada.

NJ Judge Hearing PokerStars Dispute With Atlantic Club

Friday, May 24th, 2013

In an increasingly bitter dispute that has been developing in recent months, a New Jersey judge has decided to hear the argument taking place between PokerStars (the world’s largest online poker site) and the Atlantic Club Casino Hotel, which Poker Stars is seeking to purchase.

PokerStars parent company, The Rational Group, was able to obtain a temporary restraining order on May 6, prohibiting any other company from buying the Atlantic City casino. But according to the Atlantic Club Casino Hotel, the deal to sell itself to PokerStars is no longer in effect.

PokerStars vehemently disagrees. The online gaming poker room insists it has already given the Atlantic City casino $11 million of the $15 million purchase price. The large down-payment was to keep the casino in operation during what Atlantic City is witnessing to be very tough times stemming from Hurricane Sandy (among other things) last October.

Why would PokerStars want to buy this casino in the first place you ask? Back in February, many of you know that New Jersey legalized online gambling. And purchasing an Atlantic City casino would effectively provide PokerStars’ parent, The Rational Group, a platform for launching PokerStars in the Garden State, where a lucrative online gambling hub is now burgeoning.

When New jersey Governor, Chris Christie, signed legislation into law making online casino gaming legal, many stipulations were added, including one that gives land-based Atlantic City casinos the right to launch online casinos. Consequently, once PokerStars (or another approved online casino) owns a land-based casino, it can legally launch the online site and be open for business once all stipulations and licensing agreements have been completed.

While The Rational Group hasn’t had have any real trouble gaining the State’s approval for its purchase of the Atlantic Club Casino Hotel, according to the casino, the deal is dead. Details surrounding this development will most likely become available once the hearing is over and the judge has heard both arguments.

At this time, we can only speculate the reasons for Atlantic Club Casino’s decision to pull out of the deal, which was in motion before Christie even signed any paperwork legalizing online poker and gambling in New Jersey. It was a preemptive move on PokerStars part due to the fact that legalization was looking like a no brainer. In other words, it was a good bet on the part of PokerStars.

Atlantic City was dealt a huge blow when Sandy rolled in – and many casinos, the Atlantic Club Casino Hotel included, started to bleed cash. While some of the big name casinos and hotels may have had a bit more padding, the Atlantic Club Casino Hotel found itself in need of a life raft. Most all of Atlantic City, however, was waiting with baited breath for Governor Christie to finalize the legalization of online gaming. Bringing online casino revenue into a state where its major revenue generator (Atlantic City) was failing, seemed like the logical answer. With an already liberated land-based gambling industry, why not get it together and legalize gaming online as well?

So then, what has changed between the casino and the poker room? Did the Atlantic Club Casino hotel suddenly win the lottery and erase its major losses and debt? Is there another internet endeavor on the horizon with another? It could be anybody’s guess. We will find out shortly. Stay tuned.