The Borgata is the first to get it’s gaming permit approved and given the green light to go live on November 26th.
After last week’s confirmation from a New Jersey Division of Gaming Enforcement (DGE) source that real-money online gambling would go live on November 26th, it was only a matter of time before the first casino has its permit approved. That distinguished honor belongs to Atlantic City’s premier establishment the Borgata.
The announcement comes as little surprise, as the Borgata was the first of Atlantic City’s 12 casinos to issue a completed application to the DGE. It’s also proven the most successful Atlantic City casino by far and currently hosts some of the largest tournament series on the east coast. The permit itself was issued by the DGE Director David Rebuck.
The Borgata’s owners, MGM and Body Gaming announced its alignment with bwin.party, provider of PartyPoker, this past July. Sources from PartyPoker claimed that all operations would be set to go live in time for a projected November launch. Given recent events, it appears as though their claims will come to fruition.
When asked about the significance of receiving the permit, Borgata President and CEO Tom Balance stated:
We are honored to receive New Jersey’s first Internet Gaming Permit. Borgata and bwin.party are aggressively pursuing our objective of being among the first to launch online gaming in the state.
There was one potential snag that could have held the proceedings up. Bwin.party has not yet been approved by the DGE. Last month this could have been a problem, as DGE regulators specified that New Jersey casino must file all required documents with their application. However, last week it announced that everything was proceeding according to plan and online gambling operates will be permitted to enter a soft launch period starting on November 21st. The soft launch is required to last a period of at least five days.
In addition to providing online poker, all table and slots games that are currently available in the casino will be made accessible online. Although in order to use an online site affiliated with the Borgata, users must be physically located within the state of New Jersey.
Ten of AC’s casinos have already found an online gaming partner, while all 12 of them have at least applied for a license. Among the major online poker sites still waiting approval are PokerStars and 888 Holdings.
It is projected that online gambling will help resuscitate Atlantic City’s failing revenues. The renowned gambling spot, known too many as “mini” or “little Vegas” has seen its revenues almost cut in half from its 2006 high of $5.2 billion.