Golden Nugget Gets Internet Gambling Permit
The Golden Nugget Atlantic City has received New Jersey's second Internet gambling permit.
The state Division of Gaming enforcement awarded the casino its permit on Wednesday. The Golden Nugget is Atlantic City's second casino, after the Borgata Hotel Casino & Spa, to receive permission to start Internet gambling once it launches in New Jersey next month.
Online gambling will begin with an invitation-only trial period on Nov. 21. Assuming all goes well, full-fledged Internet gambling will begin on Nov. 26.
The Golden Nugget will offer Internet gambling under its own brand, although it is using Bally Technologies as its online technology partner.
Aside from an acknowledgement that state regulators feel confident of a casino's preparations for online betting, there is little practical benefit to receiving an Internet gambling permit early. Any casino that wants to offer online gambling must receive a permit, and getting one early does not allow them to begin taking online bets before the state startup date.
New Jersey is the third state in the nation to offer online gambling, along with Nevada and Delaware.
Online gambling is designed to give the struggling casinos new revenue, though some worry the in-person business will simply migrate to computers, leading to casino job losses.
Atlantic City's casino revenue has plunged from a high of $5.2 billion in 2006 to a little more than $3 billion last year and could dip below that mark by the end of this year. Thousands of casino jobs have been lost already as many gamblers choose options closer to their homes in Pennsylvania, New York, and Maryland.
All table and slots games available in the casinos will be available online once full play starts.
Gamblers will have to be physically located within New Jersey's boundaries to play.
Of the 12 Atlantic City casinos, only Revel Casino Hotel and The Atlantic Club Casino Hotel have not divulged their online gambling plans.
(Copyright 2013 by The Associated Press. All Rights Reserved.)