Posts Tagged ‘new jersey’

New Jersey Senator Wants to “Get In the Pool”

Saturday, August 12th, 2017

online gambling casinos
New Jersey Senator Raymond Lesniak wants the Garden State to invite more people to their online poker and online gambling party. Specifically, he announced to reporters that he has authored a bill that will expand New Jersey’s online gaming industry to include any other companies that are located in jurisdictions where online gambling is already legal and regulated, no matter the state or country. Senator Lesniak plans to introduce the bill to the New Jersey senate and hopes it will increase the state’s tax revenues and foster an industry driven by innovation.

Tax revenue from online gambling and from land based casinos has been steadily growing in recent years and the democratic Senator sees the state’s legalization of online gambling in 2013 as a major reason that Atlantic City’s land based casinos have begun to come back to life. Since that time, online gambling has garnered over $600 million in revenue for the state of New Jersey. And this trend seems to be continuing with over $20 million being raked-in within the past four months alone.

In a way, the proposal that Senator Lesniak is introducing is a plan to structure New Jersey’s online gambling industry much like it were an online version of Las Vegas’ land based casino industry. Much in the same way that tourists come from all around the world to gamble at Las Vegas’ glamorous casinos – with Nevada reaping the reward – New Jersey hopes to invite players (from wherever online gambling is legal) to play at their online poker rooms and casinos and help introduce an influx of incoming tax revenue reminiscent of the tourism industry. He explained what he saw as a benefit to the state’s economy and innovation: “Online gaming has helped Atlantic City to revive its casino sector with a success that we can expand in ways that will generate more revenue, create jobs and fuel technological innovation in gaming.”

Lesniak has placed emphasis on the states of Nevada and Delaware. He sees the fact that they have already created a pooled player agreement as the reason why New Jersey’s online poker revenue has taken an 8.4% dip since the year before. Lesniak feels confident that opening up New Jersey to be a part of this existing online poker player pool will enliven the industry and the subsequent revenue for the Garden State.

This would make considerable sense, given that there are many online poker players who would find it attractive to live close to the New York metro area while also being able to access the excellent online poker action located through tournaments hosted by Nevada-based companies. Perhaps if that were the case, New Jersey could even hope to see an increase in income tax from online poker players looking to get out of the desert heat.

Christie Writes Resolution in Hopes to Protect NJ Online Gambling

Friday, July 28th, 2017

Chris Christie contemplating online gambling
Remember when Donald Trump and Chris Christie were bros? You know, right after they tore each other apart during the Republican presidential primary race? It was a brief and passionate stint during the lead up to Donald Trump choosing his Cabinet and White House administration. Chris Christie became one of his fan-boys, one could assume, in order to flatter his way into the White House. Unfortunately for Christie, the sacrifice in self-respect did not seem to pay off, and he was left out in the cold.

Christie found himself right at home with other New Jersey residents who thought Donald Trump had their back, only to end up sad and lonely on the Atlantic City boardwalk. Chris Christie then returned to his post as New Jersey Governor.

Since that time Christie has not made it easier for himself to win back the hearts and minds of New Jersey residents who were appalled by his willingness to fall in line with the ‘Trump Train’ in order to serve his own political aspirations. He was caught taking his family to a beach on Fourth of July that had been closed because of a state government shut down – only the government was back up and running at that point. He had them keep the beach closed so he and his family could enjoy a private beach. Nothing like celebrating Fourth of July without all of those pesky constituents that you represent.

After such a cataclysmic PR debacle, Christie’s approval rating bottomed out in the Garden State. Now he finds himself faced with the task of protecting the state’s online gaming industry from a president that some assumed would have had a more favorable view of online gambling, given his own foray in the casino industry. But as we know, opening a land based casino does not necessarily make you a proponent for online casinos.

Donald Trump’s ties to Sheldon Adelson and to Jeff Sessions began to worry Christie that the president may begin to consider a federal ban on online gambling, which would gravely affect New Jersey’s tax revenue and the economic climate of Atlantic City. In an attempt to use whatever meager sway he may have had on the Forty-fifth president, Chris Christie issued a resolution to the administration and to Congress, imploring them to abandon any plan to ban online gambling on a federal level. He cited the negative impact it would have on his state of New Jersey:

“A federal prohibition against Internet gaming would directly and negatively impact New Jersey by dismantling the investments that the State and Atlantic City casinos have already made to implement and regulate Internet gaming, taking away the economic and employment opportunities already realized by the State and its residents, and foreclosing the future potential of Internet gaming to generate tens of millions of dollars in tax revenue, create high-tech software jobs, and foster valuable business ventures for Atlantic City casinos in this State.”

Considering their track record, it remains to be seen if such an appeal from Chris Christie will have a positive sway on the infamously unpredictable President Trump.

New Jersey to Regulate Skill Based Games

Tuesday, October 28th, 2014

In a move to boost online casino revenue, the NJ Division of Gaming Enforcement (DGE) is now taking applications from casino operators seeking skill-based provisions. This new decision comes even with less regulative standards (relatively speaking), while the processing of applications is to be done faster in order to meet the needs that the DGE is conveying in order to get the ball rolling. New Jersey regulators and operators alike have sought ways to integrate new advancements in gaming technology into the regulated market.

The massive popularity of online skill-based casino games calls for demand. Meeting this demand, the DGE is clearly willing to get in on the action more sooner than later. Skill-based casino games – wherein players are able to be engaged and socialize with one another – have become very popular. And it’s the software companies that should be thanked for the new technology-oriented generation of online gambling fans who are looking to wager more because the games are the most realistic they’ve ever been.

The new announcement coming from the DGE is of particular interest in the fact New Jersey regulators will be better prepared to process new skill based gambling online applications, thus ensuring operators faster results when seeking a license of this kind.

Currently in New Jersey, skill games fall under a New Jersey statute – that if approved – would permit casinos to launch their new platform games within two weeks. This is an impressive detail and one of great interest to entice current online casinos in the state to provide games with better odds. This speed of approval will make the state of New Jersey the absolute fastest processing of its kind in the US to market online gaming platforms of skill.

In essence, this new development is a ringing dinner bell for all online casinos to come forward with new skill based offerings for players, knowing the state will eagerly work with them.

While this is a great way to increase internet gambling revenue in New Jersey (perhaps a way to boost lagging income from less than impressive results in the nearly one year since gambling online became regulated in New Jersey), this type of enticement and speedy licensure for skill based games will be met with some resistance, as online casinos are typically more in favor of launching games with less favorable odds. However, new technology making skill based games very attractive to consumers demands results. The timing here is good.

Non real money wagering games are also part of the reason as to why casino games of skill with real money have become so popular. The social component of skill based games that are not being wagered with real money (yet), like Candy Crush and Words With Friends, is very helpful to the rise of online casinos providing more skill based. New Jersey seems to be responding to the trend of skill based popularity quickly. Other markets in the US should, too.

Applications are now being accepted. As such, games of skill could be launching at various New Jersey online casinos by early November.

Betfair Gets Six Month Extension in NJ

Friday, October 10th, 2014

New Jersey online gambling regulators have share some developments that will keep Betfair in the fold for at least another six months. Together, Betfair and Caesars Entertainment have reached a deal that will keep the online casino software company running in the Garden State for another half year or more. The deal has already been accepted by the New Jersey Department of Gaming Enforcement.

Just under a month ago, when Trump Plaza – Betfair’s brick ’n mortar partner for online casino wagering, closed up in Atlantic City – it was largely thought that Betfair would set up shop through another Trump property in Atlantic City – the Trump Taj Mahal. After all, both properties are owned by the Trump Entertainment Resorts. Betfair even had backend facilities for online wagering set up at the Taj Mahal.

Not so fast was the case, as Trump Entertainment resorts itself went under last month. Alas, Betfair has had its eye on the ball ever since learning of potential bankruptcies with the Trump casino brand. Within a few days of that news, Betfair was dealing with Caesars.

Because licensed software providers are required to work with one of Atlantic City’s land based casinos to legally operate online sites taking real money wagers in New Jersey and because so many casino properties in Atlantic City are already online with software brands, the need to find a new home could have been a bit dicey for Betfair.

The Department of Gaming Enforcement permitted Betfair to keep a license to operate for a short period of time while seeking out a new partnership. The new deal with Caesars will give Betfair some time to work out a longterm plan for its future in the largest online casino market the US currently has to offer.

The approved extension allows Betfair to run online from Bally’s Atlantic City, which is a well known Caesars sub-brand.

Betfair is based in the UK and is a long standing, yet somewhat beleaguered brand (as of late). The UK holds one of the most highly regulated and largest online gambling markets in the world. Interestingly enough, Betfair has had its share of battles regarding revenue generation in the steady but not entirely growing New Jersey market. A partnership with an aging Trump casino brand was probably not the best situation for the brand.

This could all change if Caesars takes the brand to its consumers with a fresh, new marketing strategy. After all, Caesars online casinos are the most successful thus far in New Jersey. BetfairCasino.com brought in a mere 7% of the overall New Jersey online gambling revenue just two months ago in August, which lands at a few thousand dollars over $700,000. It’s safe to say that the online gambling industry in NJ did not save the Trump properties in its last ditch chance to stay afloat.

Betfair’s Ultimate Gaming withdrew from New Jersey previously after the fledgling Trump brand had little ability to promote it in the manner that other operators were marketing their casinos online.

Another thing to consider is Betfair’s online poker site, which is another struggling site that even uses competing software – Ongame – with Caesars own poker room. Caesars powers its more successful WSOP.com poker room using 888 software.

Will Caesars move forward with two rooms using two different software platforms? That’s anyone’s guess, as the industry waits to see how the Caesars brand actually serves it to the market, perhaps in another, more successful way.

NJ Online Gambling Showing Increased Earnings

Friday, March 7th, 2014

With the first online gambling revenue reports being less-than-great in New Jersey, the numbers are now beginning to look better. The latest results show growth of NJ’s iGaming market has improved in the last month. More precisely, NJ real money online casinos – all based from the Atlantic City brick and mortar casino brands – have shown an overall 9% revenue increase.

Of the now 16 casinos online available to those located within NJ state lines, a 28% gain in January (from previous 2013 numbers) took place, earning a combined to $9.5 million. As of February 2014, the same casinos generated $10.3 million in gambling revenue, creating the aforementioned 9% jump.

The NJ Division of Gaming Enforcement numbers may begin to stabilize soon (as some analysts are predicting), yet for the time being, revenue is still gradually increasing. While some analysts are crying out insecurities in regards to revenue, if you ask the CEO of 888 Holdings, which uses Caesars Entertainment as its land base, he’s pleased with the results thus far. After all, it is not as though the numbers are declining.

As a whole (including land-based gambling income), NJ’s 11 casinos from the fabled Atlantic City area won nearly $209.5 million in February. While this number still shows a decline in overall earnings at less than 1.5%, it also shows the bleeding is lessoning. Keeping in mind that the area had a casino closing (Atlantic Club) in January, this number is not to be scoffed at.

The Golden Nugget Atlantic City was the most impressive earner. With an increase well over 25%, this casino posted the biggest monthly gain, earning $12.5 million. The Golden Nugget holds its ability to gain customers from the now-closed Atlantic Club as its number one source of increased income. Having done so, the Golden Nugget was able to create 100 new jobs.

Other results show that Revel Casino Hotel earned $10.9 million, and the Tropicana Casino and Resort held impressively with generating $19.7 million. Respective of each casino’s numbers, this equates to about an increase of 20.7% for these two casinos.

Resorts Casino Hotel gained an 11% increase with $9.7 million in revenue, and Caesars Atlantic City was up 5.8% by earning well over $25.5 million.

Trump Casino is in the doghouse, as its NJ casinos flatlined were earnings are concerned. Both of the Trump Entertainment Resorts properties – Trump Plaza Hotel and Casino and Taj Mahal – were down between 24-25%.

Atlantic City’s decade of defeat is counting on online gambling to come to its rescue. The decline in income over the last 7-8 years in particular is due mainly to the explosion of casinos in neighboring states, and was only compiled by the recession. No sooner did NJ feel some improvement with the recession when Superstorm Sandy slammed into the NJ coast, crippling the local economy as it was only starting to revive itself.

The race for supremacy in New Jersey’s aggressive gambling market remains a contest between the Borgata/PartyPoker site, and Caesars Interactive/888 and WSOP branded sites. The Borgata earned a little over $4 million online in February 2014, while Caesars Interactive earned about $3.3 million.

In the first couple of months of 2014, Atlantic City’s casinos have won $385 million at brick and mortar locations – a 7.7% decline from the same time in 2013. Online based earnings settled at $19.7 million in the first two months of this year so far. Obviously there are no numbers from this time last year to compare to. According to records, about 250,000 online gambling accounts have been created in New Jersey since the state began online casino wagering on Nov. 21, 2013.

New Jersey Reports Online Gambling Revenue

Tuesday, January 28th, 2014

In the Garden State, online casino wagering has generated nearly 8.4 million dollars since its Thanksgiving Weekend debut. Of the handful of US states with regulated online gambling activity, New Jersey has the most residents living within in its borders, and this revenue result covers about 6 weeks of wagering online.

Of the specific $8.37 million raised from the online casino sites in the state, Borgata Hotel Casino and Spa and Caesars Entertainment Corp, were the top earners.

According to the New Jersey Division of Gaming Enforcement,  Borgata came in on top, generating about $3.3 million in casino winnings during December and a total of $3.75 million year to date. In other words, the last 6 days of November (when gambling online commenced) generated about $400,000 for the casino. Caesars came in a very close 2nd, earning a little over $2 million for December and a little over $2.3 million year to date for 2013.

New Jersey became the third state to permit internet wagering on casino games for real money on November 25th after a few days of soft play. As we see the initial numbers reported, it is clear that the predicted revenue is about on track with predictions.

In the entire country, online gambling is expected to become a $7.4 billion business by the year 2017.

While these newly reported New Jersey online betting figures reflect results of only 6 weeks, an impressive 126,000 accounts were opened by players during this short period of time. About 25,000 additional accounts have been reported in the New Year so far.

At the time of legalization in New Jersey (March, 2012), Governor Chris Christie predicted some $1.2 billion in online casino revenue would be generated for fiscal 2014. This would create $180 million in tax revenue for the beleaguered casino state. Bloomberg Industries believes the number will be much higher at around $425 million in tax revenue for the state, which would amount to nearly 83% of total online gambling revenue in the US for 2014.

We are still waiting to hear the news regarding gambling revenue from Nevada’s internet activity, in which the only form of activity allowed is online poker. It is believed that revenue reports will commence once the state reaches three active casino sites online.At this time, Nevada has only two sites live taking real money wagers on poker: Station Casinos Inc.’s Ultimate Poker which launched at the end of April 2013 and Caesars’ poker site.

Delaware, which went live right before New Jersey on Halloween 2013 to try to establish clients before they went to neighboring New Jersey, is set to announce its revenue shortly. Considered a direct (location) competitor with nearby New Jersey, the small state has about 4,300 registered online casino player accounts. Around $10.3 million in total wagers have reportedly taken place, but no word on actual player results subsequently generating casino and state revenue from this number yet.

Interestingly enough, each state that has regulated online gambling has a different focus and agenda for allowing gambling online. Nevada, being the number one gambling destination in the US, has only allowed poker – and for various reasons – hasn’t launched many sites as it is not as eager to provide online casino gambling due to continued physical tourism success. New Jersey – the more desperate state with its casinos losing millions over the past years – has launched the most sites and created the largest scene. Yet, in the US, it has neighboring states like Delaware that are highly motivated by local competition to go live.

Eight New Jersey casinos are licensed to offer online betting and thirteen sites are currently live in New Jersey. Stay tuned for additional results.

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.

William Hill and Sports Betting in the US

Sunday, August 18th, 2013

williamhillWith the recent increase of interest within the US sports wagering market, online gambling enthusiasts in New Jersey (and perhaps beyond) have a future that seems bright. Well, at least maybe.

William Hill US, the Nevada-based auxiliary of Britain’s largest bookmaker, has displayed some serious success in New Jersey with its recent sponsorship of the 46th running of the $1 million William Hill Haskell Invitational at Monmouth Park last month.

William Hill, known affectionately as Will Hill to those who bet, says that its interest in New Jersey reaches far beyond this one event. The large bookmaker will become the racetrack’s exclusive betting provider if New Jersey’s effort to legalize sports betting succeeds (as we all hope it eventually will despite the four professional sports leagues and NCAA being sternly opposed to it).

Until legalization, Will Hill offers a free-play (wager for fun) option for sports wagering to US citizens interested in checking things out. William Hill now runs a sportsbook, where participants can pick NFL games against the spread without wagering real money, while still being eligible to earn prizes.

As mentioned, the four main pro sporting leagues in the US are all opposed to wagering on sports for real money whether online or not because they jointly feel that sporting events will become susceptible to cheating and fixing. This is certainly a good argument, and yet what professional sports league hasn’t experienced its fair share of scandals?

As it stands, at least two of the four top pro sports leagues in the US have been raining-down massive scandals, ranging from high crimes committed by players to several cheating scandals spawned from extensive steroid use. Proponents of sports betting claim these sports are no more susceptible to game fixing than they currently are anyway.

With no pre-legalization swaying of regulators in mind, Will Hill has firmly stated that if betting on sports in New Jersey becomes legal, it fully intends to make a considerable investment in building a Las Vegas-style race and sportsbook in the state to accommodate wagers.

This is where we start to see the political wrangling about. Sure, you have the pro leagues firmly against the legalization of sports wagering – crying fowl and displaying major concern over corruption to the tune of game fixing and diminished reputation. And you also have big brands like Will Hill touting huge would-be revenue promises and a shot to the economy, which New Jersey so desperately needs. But a promise is just that. A contract is binding.

The fact that online casino action starts in a few short months in New Jersey will certainly open the sports wagering issue further. The opposition to wagering on sports from the pro leagues is not just limited to New Jersey, so this one will be an uphill battle, indeed.

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.

Atlantis Internet Group Signs With Cake to Power Tribal Online Poker

Monday, September 13th, 2010

AtlantisInternetGroup2In what could be a sign of things to come for online casino gambling in the United States, Las Vegas-based Atlantis Internet Group has signed an agreement with the popular Cake Poker Network (powering U.S. favorite, Doyle’s Room), to create a wide area online poker network for players residing in regulated tribal casino State’s.

While this may seem, at first, a bold and dangerous move in light of the UIGEA – albeit an ineffective online gambling ban – Atlantis Internet Group Chief Executive, Donald L. Bailey, says the agreement will give the Tribal Gaming Network (a patent pending intratribal/intrastate online casino network) an “immediate and legal solution” for tribes seeking to offer internet betting.

That’s because the UIGEA has exemptions for Indian Casinos, intertribal internet gaming, as well as State’s with intrastate online gambling laws. Personally, that’s news to me – I thought the only carveouts in the UIGEA were for horseracing, lotto and fantasy sports betting.

TribalGamingNetworkBut according to the National Indian Gaming Commission, which oversees tribal casino regulations in the State’s, the Tribal Gaming Network is 100% legit. It’s also 100% loaded. Synced with over ten tribal casinos and potentially allowing players in thirty State’s to play online casino games, the Tribal Gaming Network has the potential of offering one of the largest wide area progressive jackpot networks on the Web.

For now, Atlantis Internet Group has it’s sights on online poker, which currently holds the greatest potential of becoming regulated in State’s where tribal casino gambling is legal. California leads the way with an amended poker bill scheduled for legislative action before the year is out, while both New Jersey & Florida are considering similar options.

The Cake Network is certainly a great choice for launching an online poker network. With thousands of players online at any given moment and an open door to the U.S. online poker market, Cake will give the Tribal Gaming Network instant liquidity, not to mention credibility, while a giant surpluss of players will only serve to strenghten Cake in return.