Top New Jersey operator applies for Pennsylvania online gambling licence
News on 1 Nov 2018
News on 1 Nov 2018
The top operator in the New Jersey online gambling market, Golden Nugget, has applied for online casino and sports betting licensing in neighbouring Pennsylvania, just under Wednesday’s closing deadline for qualified gaming entities (existing land licence holders).
The company’s New Jersey operations have shown consistent success for Golden Nugget with regular monthly revenue numbers exceeding $ 8 million and on occasion $9 million, way ahead of rivals and comprising just over a third of the total NJ online gambling market.
Golden Nugget has a partnership with Pennsylvania land casinos (Rivers and SugarHouse) owner Rush Street Gaming, which has online casinos and sportsbooks running in New Jersey under a Golden Nugget licence, indicating a possible reciprocal arrangement in Pennsylvania.
Closest rival MGM Resorts submitted its online application to the Pennsylvania Gaming Control Board earlier this week, riding on the credentials of its Borgata subsidiary.
The exclusive offer of licensing to Pennsylvanian operators and their partners closed Wednesday with 11 online licenses still available from the original 39. These will now be open to applications from licensed gambling companies that do not have a physical presence or partner in the state
By category, these remaining opportunities cover: 5 for online poker; 3 for online slots and 3 for online table games.
In related news the Pennsylvania Gaming Control Board’s Wednesday meeting approved an application from Harrah’s Philadelphia Casino for a $10 million sports betting licence at a hearing.
Harrah’s Philadelphia SVP and general manager Chris Albrecht said: “We know Pennsylvanians are passionate sports fans and we are working hard to be ready to launch a sports book at Harrah’s Philadelphia along with a mobile product when first given the go ahead.”
On the physical side, Harrah’s intends to build a 4,322-square-foot sportsbook facility inside its existing facility with an expanded food and beverage offering. the facility will feature 40 flat-screen televisions with packages for all major sports leagues, as well as international and college sports packages. There will in addition be an odds board, six teller windows, self-betting kiosks, two horseracing terminals and stadium-style seating.
Harrah’s expects to be able to draw from the experience of its parent company, Caesars Entertainment Corp., which already conducts sports betting in Nevada, Mississippi and New Jersey.
To implement the new offerings, the casino expects to enter into agreements with Caesars Interactive Entertainment LLC as operator of the interactive sports wagering services, and Scientific Games Corporation as the provider of equipment and the sports wagering engine.
News on 1 Nov 2018
The top operator in the New Jersey online gambling market, Golden Nugget, has applied for online casino and sports betting licensing in neighbouring Pennsylvania, just under Wednesday’s closing deadline for qualified gaming entities (existing land licence holders).
The company’s New Jersey operations have shown consistent success for Golden Nugget with regular monthly revenue numbers exceeding $ 8 million and on occasion $9 million, way ahead of rivals and comprising just over a third of the total NJ online gambling market.
Golden Nugget has a partnership with Pennsylvania land casinos (Rivers and SugarHouse) owner Rush Street Gaming, which has online casinos and sportsbooks running in New Jersey under a Golden Nugget licence, indicating a possible reciprocal arrangement in Pennsylvania.
Closest rival MGM Resorts submitted its online application to the Pennsylvania Gaming Control Board earlier this week, riding on the credentials of its Borgata subsidiary.
The exclusive offer of licensing to Pennsylvanian operators and their partners closed Wednesday with 11 online licenses still available from the original 39. These will now be open to applications from licensed gambling companies that do not have a physical presence or partner in the state
By category, these remaining opportunities cover: 5 for online poker; 3 for online slots and 3 for online table games.
In related news the Pennsylvania Gaming Control Board’s Wednesday meeting approved an application from Harrah’s Philadelphia Casino for a $10 million sports betting licence at a hearing.
Harrah’s Philadelphia SVP and general manager Chris Albrecht said: “We know Pennsylvanians are passionate sports fans and we are working hard to be ready to launch a sports book at Harrah’s Philadelphia along with a mobile product when first given the go ahead.”
On the physical side, Harrah’s intends to build a 4,322-square-foot sportsbook facility inside its existing facility with an expanded food and beverage offering. the facility will feature 40 flat-screen televisions with packages for all major sports leagues, as well as international and college sports packages. There will in addition be an odds board, six teller windows, self-betting kiosks, two horseracing terminals and stadium-style seating.
Harrah’s expects to be able to draw from the experience of its parent company, Caesars Entertainment Corp., which already conducts sports betting in Nevada, Mississippi and New Jersey.
To implement the new offerings, the casino expects to enter into agreements with Caesars Interactive Entertainment LLC as operator of the interactive sports wagering services, and Scientific Games Corporation as the provider of equipment and the sports wagering engine.
