The New Jersey Gaming Enforcement Division has announced that it will officially launch its legalized online gambling market on November 26th, allowing for many of its Atlantic City casinos to launch their online betting products.
The open date will follow a soft launch that is set for November 21st. That first date will allow for specific invitees to get into the action and allow for systems tests to be implemented.
The full set of online gambling regulations is set to be implemented on October 21st. Nine of Atlantic City's twelve land based casinos have announced that they have signed partnership deals with online betting groups from Europe. Some of the big online betting names tied to New Jersey internet gambling include: 888 Holdings, Gamesys, Bwin, Betfair, Bally Technologies, and PokerStars.
Internet gambling is being hotly anticipated by casino executives in Atlantic City. The past several years have been very hard on the coastal gaming destination, as revenues have dropped off by significant margins.
Commenting on the potential impact of internet gambling Trump Entertainment Resorts CEO Robert Griffin said, "I think this is going to be a significant revenue stream. It has the potential to make up 20% of our revenue."