ATLANTIC CITY, N.J. (AP) — California's Pala Indians have launched their Internet gambling site in New Jersey following a test period last week, becoming the first tribe to do so in the state.
As gaming revenues have continued to drop over the past year, several Atlantic City casinos have closed their doors. In response, a number of ideas have been put forward to jumpstart AC, but a new survey shows many New Jerseyans aren't impressed with those plans.
ATLANTIC CITY, N.J. (AP) -- New Jersey's fledgling Internet gambling market lost its first provider Friday when Ultimate Gaming accused its partner, the Trump Taj Mahal Casino Resort, of multiple contract breaches and said it is pulling out of New Jersey.
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.
Internet gambling in the United States is off to a slower start than many had imagined, but regulators and industry observers expect it will flourish in time.
New Jersey's online gambling industry experienced its first monthly revenue decline in April. It's not a big deal, according to experts, but they say online operators could benefit from a number of changes.
This may sound surprising, but more Americans would prefer to legalize marijuana for recreational use than online gambling, according to the most recent national survey from Fairleigh Dickinson University's PublicMind.