TEN Struggles, New Jersey Casinos Thrive, And Donald Trump Is Gone From Atlantic City

Posted By Jessica Welman on February 18, 2017

[toc]It has been a busy week for Atlantic City and gaming in New Jersey.

The January NJ online gambling revenue numbers were nothing but positive, but there was some not so good news for TEN.

The state Senate has been busy looking forward with new casino-related legislation, while Taj Mahal literally scrubbed its past away.

Here are all the big stories of the week from the Garden State:

Big month for New Jersey online casinos

It was a record month for online casinos in New Jersey.

A profitable month for casinos in the Garden State resulted in over $200 million in gambling revenue. Of that, $18.5 million was generated online, a new benchmark for the state.

The online poker market remained static, but the online casino industry continues to boom with 30 percent year-over-year growth.

Golden Nugget and Caesars Interactive both generated $4 million in revenue thanks, mostly to NJ online casino performance.

Lesniak tries to ease TEN’s permit woes

A new bill from state Sen. Ray Lesniak could be the lifeline waylaid casino resort TEN needs to resolve at least one of its many permit and license problems.

The New Jersey Division of Gaming Enforcement (DGE) determined TEN owner Glenn Straub needed a casino license even if he intends to serve as a landlord and lease the gaming space of the property to someone else.

Lesniak’s new bill would create a law specifically stating landlords not involved in casino operations would not need casino licenses.

Lesniak has long been a strong political supporter of casinos in Atlantic City. He proposed this measure with the hopes it will help get the casino, previously known as Revel, back open and benefiting the local economy (a full timeline of the Revel saga is here).

TEN to miss latest opening date

The casino license is not the only permit problem TEN is dealing with lately.

City officials revealed this week that TEN was still missing a number of necessary permits and had not completed health inspections.

In fact, the casino had not even filed for the permits, according to the report. Straub acknowledges the property is going to miss yet another opening, but he blames the state for slowing down the process.

This is the third time TEN has missed a deadline to open proclaimed by Straub.

[show-table name=cta-golden-nugget]

Senate fails to override Christie veto

While TEN struggles to re-open, the shuttered Taj Mahal Casino continues to make headlines.

Gov. Chris Christie vetoed a bill authored by Senate President Steve Sweeney. The bill would have suspended the NJ casino licenses of any property closed for a portion of 2016.

The only property affected by the proposed law would have been the Taj Mahal. Owner Carl Icahn, who also owns the Tropicana Casino in Atlantic City, closed the casino last fall after extended labor disputes with the local union.

Christie vetoed the bill and called it out for being petty in its attempt to punish Icahn. Sweeney attempted to override the veto, but after it was clear he did not have the votes, he pulled the bill from the docket.

He intends to try to garner more support and re-vote.

Trump being erased from the Atlantic City skyline

As part of the contract when Carl Icahn purchased the Taj Mahal Casino, he agreed to remove all mentions of previous owner President Donald Trump’s name from the property.

This is not another political protest. It was at the request of Trump, who has been fighting to disassociate himself from the casino for several years.

Even though the casino is closed for business, there was activity there this week as Trump’s name was literally scoured from the face of the building in order to meet the March 2017 deadline in the contract.

Jessica Welman Avatar
Written by
Jessica Welman

A graduate of USC and Indiana University, Jessica Welman has long been involved in the poker industry and online gambling. She has worked as a tournament reporter for the World Poker Tour, co-hosted a podcast for Poker Road, and as the managing editor for WSOP.com.

View all posts by Jessica Welman
Privacy Policy