After the U.S. Supreme Court struck down the 1992 national ban on sports gambling this last spring, Atlantic City’s top casino said it’d take wagers in the very first day state regulators allow it, announcing in May, 2018, the Borgata Hotel Casino & Spa was “distinctively prepared” to begin operations given that it had been the iconic Boardwalk City’s casino using an existing race publication.
State’s first book:
Making good on this promise, just three days following New Jersey Governor, Phil Murphy, signed a bill (A4111) allowing licensed casinos to set legal sports publications, town ’s dominating market earnings leader surfaced The Race & Sportsbook on June 14, 2018.
The MGM Resorts International property has now revealed that next week it is to begin work on an $11 million expansion of its own sports publication, which will be integrated with what the casino is calling a “destination bar,” according to this Associated Press.
The current sports gambling operation was running out of a temporary space at the match. The new sports gambling facility will be larger as will the bar and is anticipated to be ready for business at this summer.
Commenting on the new race and sportsbook, President and Chief Operating Officer for Borgata, Marcus Glover stated …
The Borgata is “proud to have been at the forefront of legalized sports gambling in New Jersey and look forward to advancing our product using an innovative gaming and entertainment experience for our guests to enjoy. ”
Resorts Casino Hotel and DraftKings opened their 5,000 square foot permanent sportsbook on November 20, 2018, while Ocean Resort Casino and Golden Nugget also have lasting books opened.
The Garden State has nine sportsbooks, including two at the state’s major racetracks, including Monmouth Park Sports Book by William Hill and Meadowlands Racing & Entertainment FanDuel Sportsbook, and eight online/mobile sports gambling platforms.
Since its inception in June this year by November 30, $928,116,793 (pdf) worth of bets have been created in New Jersey (on-site and internet combined). The country ’s Division of Gaming Enforcement is supposed to announce the statistics for December this forthcoming week.
While Atlantic City Casino revenue was up 20 percent in November, maybe not every casino is doing well.
Last Month, it had been disclosed that Ocean Resort Casino, which, alongside the Hard Rock Hotel & Casino opened to much fanfare at June this year, is allegedly being sued for $10 million by a former partner at the home ’s HQ2 club.
Recent grumblings of a possible sale today appear to be true as a Thursday report informs that the prior Revel is being acquired by an outside company.
Based on Action News 6 WPVI-TV, the new owner, which current owner Bruce Deifik (pictured) declined to spot, would create a $70 million investment at the casino also assume majority ownership. If all goes according to plan, the Colorado-based developer and his family members will allegedly keep a small, non-controlling ownership interest in the Boardwalk property, as reported by the news agency.