New Jersey Casino And Online Gambling News

Early Mistakes and Bad Luck Lead to Revel Failure

Revel announced that it will close its Atlantic City casino on September 10, 2014 as no suitable buyer was found through a bankruptcy auction process. The troubled resort has lost billions of dollars between construction costs and operating losses under several ownership structures. Bad Timing and Luck Revel’s bad luck started with its timing. Morgan […] Read More
Posted on: August 12, 2014 | Casino News | PlayNJ Staff

Phil Ivey Lawyers Defend Motion to Dismiss Borgata Lawsuit

The Borgata Hotel Casino and Spa filed a lawsuit in New Jersey against poker legend Phil Ivey in April. The lawsuit alleges that Ivey used an edge sorting technique to gain an edge in Baccarat. Ivey’s lawyers claim the statute of limitations has expired and filed a motion to dismiss the lawsuit on July 2. Attorneys […] Read More
Posted on: July 24, 2014 | Casino News | PlayNJ Staff

New Study Shows Land-based Casinos Could Be More Addictive than Online Gambling

Experts have been trying to study the pattern of gambling addictions for several years. However, the data they accumulated wasn’t very reliable, because they had access to small sample sizes and couldn’t create reliable testing environments. The Harvard researchers were finally able to come up with a reliable testing methodology. They collaborated with Bwin to […] Read More
Posted on: July 14, 2014 | Casino News Online Gambling News | PlayNJ Staff

Three Atlantic City Casinos May Shut Down in 2014

The New Jersey casino industry has been on the verge of bankruptcy over the last several years as Atlantic City casino revenue has decreased significantly. Industry leaders have stated that at least three companies are probably going to shut down this year. The Atlantic Club was the first of the twelve casinos to close its […] Read More
Posted on: July 7, 2014 | Casino News | PlayNJ Staff

Investment Analysts Predict Online Gambling Will Be Profitable in Several Years

Online gambling has returned to the United States. Three states have legalized online gambling over the past year, while others are considering passing similar legislation in the near future. However, the industry is growing more slowly than most experts would like. Many financial advisors have advised their clients to wait a few years before purchasing stock […] Read More
Posted on: June 18, 2014 | Casino News Online Gambling News | PlayNJ Staff

Gaming Industry Expert Urges Zynga to Offer Online Gaming Ahead of Amaya Deal

Zynga offers a number of social games through its own website, Facebook and other major social networking platforms. The company currently generates nearly $900 million a year in annual revenue, which makes it the largest free money gaming provider in the world. However, most experts agree that the company could generate much more revenue by […] Read More
Posted on: June 17, 2014 | Online Gambling News | PlayNJ Staff

Full Flush Poker Leaves New Jersey Market

Two weeks ago, Winning Poker Network announced that it plan to stop providing real money gaming services in Nevada, New Jersey and Delaware. The network said that it believed in the spirit of fair competition and wanted to allow regulated gaming sites to compete in the market. Equity Poker Network (EPN) has since followed suit. […] Read More
Posted on: May 24, 2014 | Online Gambling News | PlayNJ Staff

Caesars and 888 Adopt Neteller Service in New Jersey

Optimal Payments recently announced that it will be launching a new NETELLER service for online gamblers in the United States. Caesars and 888 Holdings became the first gaming providers in the country to use the new ewallet service., and are offering NETELLER to their customers in New Jersey. Other gaming providers in […] Read More
Posted on: March 10, 2014 | Casino News Online Gambling News | PlayNJ Staff
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