Internet gambling has tremendous growth potential in the United States as ever-greater percentages of the public use smartphones, participants in a major gambling conference said Wednesday.
ATLANTIC CITY, N.J. (AP) -- Gambling regulators on Wednesday took a big step toward growing the nascent online betting industry by approving the world's largest poker website to offer Internet gambling in the state.
Morris Bailey knows his customers, and as the owner of Atlantic City's oldest casino, he realizes some longtime patrons feel somewhat uneasy with Internet gambling.
Online gambling was supposed to provide a financial boost to New Jersey's ailing casinos, but revenue has fallen for the third month in a row and Fitch, a Wall Street credit rating firm, as cut its projection for internet gambling this year by almost half.
The casino industry's main lobbying group has quietly ended its efforts to legalize online gambling as its members stake starkly different positions on the matter.