Posts Tagged ‘borgota casino’

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.