Bloomberg News

Boyd-MGM’s Borgata Gains First New Jersey Web-Gaming Permit (1)

October 09, 2013

Borgata Hotel Casino & Spa, the Atlantic City resort owned by Boyd Gaming Corp. (BYD:US) and MGM Resorts International (MGM:US), won permission to offer online gaming in New Jersey, becoming the first casino to gain approval there.

The permit was granted by New Jersey’s Division of Gaming Enforcement, the hotel said today in a website statement. MGM and Boyd are working with Bwin.Party Digital Entertainment Plc (BPTY), based in Gibraltar, to offer online gaming in the U.S.

“Borgata and bwin.party are aggressively pursuing our objective of being among the first to launch online gaming in the state,” Tom Ballance, Borgata’s president and chief operating officer, said in the statement.

New Jersey legalized online gambling in February. Dave Rebuck, director of the state gaming enforcement division, has said he expects operators to begin offering service by Nov. 26.

Online gambling is expected to be a $7.4 billion business in the U.S. by 2017, according to the research firm H2 Gambling Capital. Nevada and Delaware are the other two states that allow online betting.

Station Casinos LLC’s Ultimate Gaming and Caesars Entertainment Corp. (CZR:US) offer online poker in Nevada. Delaware’s three horse tracks are expected to begin offering online betting this month.

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To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net

To contact the editor responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net


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Companies Mentioned

  • BYD
    (Boyd Gaming Corp)
    • $11.24 USD
    • -0.26
    • -2.31%
  • MGM
    (MGM Resorts International)
    • $25.55 USD
    • -0.17
    • -0.67%
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