Golden Nugget Finally Launches Online Gambling in New Jersey

  The Golden Nugget Casino has been granted permission to offer online gambling. Online gambling was launched in New Jersey last month, but the Golden Nugget had to delay its launch because it failed to gain approval after the five-day trial period. Six casinos already were live in the state. Now the Golden Nugget will join the likes of the Borgata in offering players legal online gambling sites at which to play. Indeed, the Golden Nugget was concerned about their ability to launch online g … Continued

New Jersey Regulators are satisfied with Online Gambling Roll-Out

  New Jersey gaming officials have expressed their satisfaction with the launch of online gambling. Online gambling has been legal for one week, and officials are pleased with the outcome. Online gambling was officially launched on November 26 after a successful trial period. New Jersey Division of Gaming Enforcement (DGE) Director David Rebuck said that he is “pleasantly pleased” with the progress made since Nov. 26. Approximately 17 000 players logged on to play during the five-day trial … Continued

Has the Potential Success of the Online Gambling Industry been Overestimated?

  According to renowned global rating agency Fitch Ratings, Governor Chris Christie exaggerated the potential revenues from online gambling by a huge margin. Christie rather ambitiously estimated that the online gambling industry will reach $1.2 billion by next year. But Fitch anticipates that internet gaming revenue will reach $200 million to $300 million next year, and increasing up to $500 million to $750 million annually within several years. The agency also doubts that an online gambli … Continued