News From The Poker Scene

New Jersey launched online poker yesterday

New Jersey launched online poker yesterday

On November 21st, New Jersey had a soft-launch of online gambling and poker followed by a five day test period to evaluate the technical and operational aspects of the online products and to survey for possible bugs prior to the proper launch. Yesterday, and after officials from the Division of Gaming Enforcement approved progress of online gambling during the test phase, New Jersey launched officialy real money casino games and online poker.

Six of the 12 casinos in Atlantic City managed to secure licenses for the expected launch date yesterday. These include the Borgata, the Tropicana, Bally's, Caesar's, the Taj Mahal and Trump Plaza. The Golden Nugget also received a license but has to deal with some unexpected issues nd bugs before being able to launch.

On Tuesday, Moody's Investor Service published a report stating how online gambling could possibly help out the local economy especially Atlantic City. According to the document, the online casino and poker industry will not have a massive immediate impact but will be generating at least $250 million to $300 million in the first year alone.

Peggy Holloway, vice president of Moody's, said “People who don’t typically visit casinos will have a new way to gamble. An online presence will also help operators appeal to a younger, more Internet-savvy demographic that might lack the discretionary budget to travel to one of Atlantic City’s 12 casinos. Further, the new gaming sites will serve as marketing platforms that operators can use to draw patrons to their brick-and-mortar casinos with special offers.”

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