Things are happening at a hectic pace in the state of New Jersey which is one of three U.S. states that have legalized online gambling. The deadline for all 12 New Jersey casinos to seek permission to start offering online gambling has expired on June 29. There are many global operators looking to get into the New Jersey intent gambling arena as it is seen as the first of many in the chain.
When it comes to gambling moguls in the U.S. and in the world there are few which have more impact than Donald Trump. The “Donald” is always eager to get his fingers in the pie and online gambling in the U.S. is seen as the ultimate prize which could be highly lucrative for those shrewd enough to get in early.
It was reported that he has already held talks with Trump Entertainment Resorts Inc. who own the Taj Mahal hotels. His daughter Ivanka Trump confirmed in an interview that talks were underway. She also stated their intentions regarding the future of online gambling in the U.S.,” Given the way online gaming is rolling out on a state-by-state basis, we really want to keep our options open.” All 12 of New Jersey’s land casinos are being courted by online operators who according to regulations have to partner up with one of them in order to gain an online gambling license.
Gambling in New Jersey is estimated to be worth over $3 billion and the addition of online gambling could seriously increase the state’s coffers. With time running out to apply major names in the gaming industry are lining up to get their share of the loot.
Caesars Entertainment Corp has already entered into an agreement with 888 holdings Plc under the WSOP brand. Boyd Gaming and MGM Resorts international have partnered up with Bwin Party Digital Entertainment Plc.
The pace at which online gambling is spreading in the states of Nevada, Delaware and New Jersey is only the tip of the iceberg as it is a sure bet that others are to follow.