Atlantic City heads into 2020 with some optimism , buoyed by an expanded casino market with more jobs and more revenue. But there is also some concern over whether all nine casinos will make it to the finish line of 2020, and whether nearby states will eat into Atlantic City's main strengths right now: online gambling and sports betting.
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According to the Wall Street Journal, Atlantic City casinos and their online partners could generate $460 million in online revenue by the end of the year.
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The November sports betting handle easily eclipsed the state’s previous all-time best mark of $487.9 million, which was set just in October. Of the $562.6 million oddsmakers accepted in bets, the house won on a hold of slightly less than six percent, for a net win of $32.9 million
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Atlantic City wants a cut of state taxes collected on New Jersey's fast-growing sports betting industry -- the same deal that communities hosting two racetracks get. But like those Philadelphia Eagles-to-win-the-Super Bowl bets, this venture remains a long shot.
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It’s one year ago this week that a Freehold executive told NJ Online Gambling that negotiations with potential partners for a sportsbook at the Monmouth County location were moving along relatively swiftly.
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Atlantic City (AC) Mayor Marty Small said about a month ago that the city deserves to directly receive a piece of the revenue sports gambling is giving to the state. After all, it’s because of Atlantic City that New Jersey is seeing an incredible influx of money through sports wagers and, even though there is a state fund allocated for AC’s revival
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New Jersey’s online gambling and sports betting operators just got taken to the state’s regulatory woodshed for a variety of shortcomings.
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Ocean Casino Resort in Atlantic City has hired Terry Glebocki as its CEO after she served in the job in an interim capacity since August, officials announced Tuesday. She is the resort’s lone female CEO.
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Gambling revenue in New Jersey has rebounded in a big way behind sports betting and Internet casino play, but is this growth sustainable?
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Just over six years ago, New Jersey made history. Last Thursday, Nov. 21, marked the sixth anniversary of the synchronized launch of legal online gambling in New Jersey.
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As the New Jersey online gambling market celebrates six years, we take a look at the six biggest changes to the market since those early days.
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Some are speculating the area is primed and ready for a new standalone retail sportsbook. Unfortunately, it may be a little late for that by the time that idea becomes a reality.
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