Europe’s biggest betting exchange, Betfair.com, is committed to stay put in New Jersey despite its Atlantic City casino partner shutting down earlier this month, BettingNewJersey.com has confirmed.
Last week, it was announced that Taj Mahal online gambling partner Ultimate Gaming would exit the New Jersey market. The Taj Mahal recently filed for bankruptcy protection and is in danger of shutting down as well.
For those of you living in New Jersey, some of the biggest and best online casino bonuses can be found at one of the biggest and most well known Internet gambling sites, Betfair.com here.
Betfair, while offering state-of-the-art casino games and poker, is probably best known for being the world’s largest betting exchange for sports bettors.
Casino games run the gamut from slots to blackjack to roulette and everything in between.
The Associated Press is reporting that the now shuttered Revel Casino in Atlantic City has found a possible buyer.
From the AP: "The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort. The casino also wants a judge to set an auction for Sept. 24 if any higher bids are received by Sept. 23. A bankruptcy court judge would have to approve any sale.
ATLANTIC CITY – (Associated Press) - Gov. Chris Christie said Monday that Atlantic City is undergoing a natural and necessary transformation as it expands beyond a gambling-only resort.
Christie convened a summit meeting on the resort’s future that was closed to the public and press for all but the very beginning of his remarks. But afterward, he said the changes buffeting the seaside gambling resort couldn’t be avoided.
Atlantic City began the year with 12 casinos. Three of them have already closed, and a fourth is shutting down next week.
Wayne Parry of the Associated Press revealed on Monday that the current owners of the Revel Casino in Atlantic City had intended to shut down the $2.4 billion resort immediately, meaning August 18, 2014.
The ownership group had asked the state Division of Gaming Enforcement permission to close on this date but were denied.
A bill to legalize sports betting in the state of New Jersey had been vetoed by Governor Chris Christie.
He pulled out his veto pen Friday afternoon.
Democratic state Senator Raymond Lesniak co-sponsored the bill in question after various judges supported the professional sports leagues notion that a federal ban should be upheld. “New Jersey has a right to have what Las Vegas has," Lesniak said, pointing to the fact that Nevada is permitted to allow sports wagering.
ATLANTIC CITY – (Associated Press) - Donald Trump is suing an Atlantic City, New Jersey, casino company, trying to force it to drop his name from its two gambling halls.
Trump tells The Associated Press he wants his name stripped from the Trump Plaza and the Trump Taj Mahal because their owner, Trump Entertainment Resorts, has failed to maintain them properly.
Trump says in a lawsuit filed Tuesday the poor condition of the casinos is hurting his personal brand.
Trump Entertainment Resorts has declined to comment.
New Jersey Governor Chris Christie has signed into law legislation that would permit gamblers to self-exclude themselves from casinos and online websites.
The law applies to anyone who signs up and makes a request. Previously, individuals would have had to demonstrate that they had a gambling problem.
ATLANTIC CITY, N.J. (Associated Press) — Yomary Blanco cleans rooms at Trump Plaza, one of three Atlantic City casinos that could shut down by September. Her husband works the buffet at the Showboat, which is scheduled to close on Aug. 31.
With two young daughters, a mortgage, no savings and no obvious plan B, the couple is afraid of what the future holds.
“I’m worried; it’s a really stressful situation right now,” she said. “A lot of my co-workers are in shock. They can’t believe this is really happening.”
A Wall Street credit rating firm that was among the most pessimistic about the prospects for Internet gambling in New Jersey has cut its already-conservative estimate on the state's first-year online winnings by more than half. Tuesday's move by Fitch Ratings comes a day after New Jersey reported a third straight monthly decline in the amount of money won by the state's Internet betting operations, partnered with Atlantic City casinos. The online casinos won $9.5 million in June, and have taken in $63 million for the year.
New Jersey State Senator Raymond Lesniak (D-Union) insists that the world’s largest online poker room, PokerStars, could be just what the doctor ordered to help the Garden State’s struggling casino industry. Atlantic City gambling revenues are the worst in recent memory while the Seaside community copes with the possibility of losing one quarter of its casinos by year’s end.
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The Atlantic Club is shuttered and the Showboat is set to close shortly. Atlantic City, the USA’s second most visited gambling resort town, is expecting to lose a quarter of its casinos. The town had 12 casinos coming into this year and this number could be under 10 if other casinos follow in the footsteps of the Atlantic Club and Showboat. And others may indeed fall by the wayside. Atlantic City’s newest property, the Revel, has already said it will close should it not find a buyer.
Great news for those gamblers living in Northern New Jersey and even those in nearby Manhattan. New Jersey Senate President Stephen Sweeney has said he is open to the idea of expanding casino gambling in the northern part of the state. The South Jersey Democrat Senator told the Bergen Record on Wednesday that he has been in private discussions with officials in North Jersey. The Associated Press noted that Sweeney has strongly defended a five-year moratorium on any discussion of casino gambling outside of Atlantic City until at least 2016.
The US Supreme Court on Monday declined to hear a case allowing for legalized sports betting in New Jersey. Two federal courts had already ruled in favor of the current ban.
Governor Chris Christie, who supported legalization, expressed disappointment.
"It's always a long shot to get certiorati from the United State Supreme Court," the Republican governor said before playing in a charity softball game at Yankee Stadium this morning. "That's the way it goes. They said no, so we have to move on."
Sportech PLC announced an arrangement to offer online gambling for one of Atlantic City’s oldest land-based casinos, Resorts Casino Hotel.
The publicly traded London-based Sporttech would offer its online casino platform through a joint venture with NYX Gaming Group Limited.
Sportech already enjoys a presence in the US gambling market through its ownership of Scientific Games Racing. It processes bets for various US racetracks in both New Jersey and California.
Sportech offers online poker and bingo games.
In what is being described as the most aggressive promotion yet targeting the New Jersey online poker market, UltimatePoker.com will be offering no rake for cash games over a six-week period. The promo is being called “Cash Game Crazy” and will continue through July 31, 2014 with 100% rakeback. Only players categorized in a specific level referred to as the Green Chip tier will qualify for the rake-free offer. Ultimate Poker is run in conjunction with the Trump Plaza.
Atlantic City’s Mayor on Monday announced that his gambling city is now officially “LGBT-friendly”. Mayor Don Guardian just happens to be openly gay. The designation officially looks to turn Park Place Beach into a gay beach. “I’m so glad to be the mayor of Atlantic City where we don’t just love diversity we embrace it,” said Guardian before a crowd of several dozen people on Monday afternoon. The gay community in New Jersey has already helped to bolster the once dilapidated Asbury Park Beach resort just north of Atlantic City.
Happy Father’s Day from our good friends at Virgin Casino, which enjoys a partnership with the historic Tropicana Casino.
At Virgin Casino, they were showing their players some love by giving them 20% back on their Net Loss this Father’s Day weekend. Mom’s and non-Dads are welcome.
New Jersey realized a decline of $1 million in online gambling revenues since April, it was revealed Thursday.
The Division of Gaming Enforcement released the disappointing numbers, which have just added to the frustration of sector supporters, who already acknowledge early projections were far off.
Governor Chris Christie initially projected the industry would rake in $1 billion in its first year. Wall Street analysts have since cut that estimate to between $200 million and $300 million though it’s doubtful those numbers will even be reached.
Until now, residents of New Jersey who wanted to prevent themselves from gambling, would need to place their names onto a list and admit that they have a gambling problem. After the passing of A2444, this law has now changed.
Under the New Jersey’s Self-Exclusion Bill, New Jersey residents will now be able to stop themselves from being able to gamble without admitting a gambling problem.