Online Gambling on the Ropes in Atlantic City

Published Saturday, September 20, 2014 -
Online Gambling on the Ropes in Atlantic City

The hope that Atlantic City’s gambling revenue would one day return to its former volume with the introduction of online gambling seems to be fading. Online gambling in New Jersey was introduced recently with mixed results that are turning out to be less than projected by the authorities that put through the legislation. New Jersey’s bid to offer sports betting also hit a major snag when the courts refused permission for the activity to proceed.

Now Ultimate Gaming the online gambling operator that partnered with the Atlantic City casino the Trump Taj Mahal has announced it will remove its services in New Jersey’s regulated market after severing ties with the casino. Ultimate Gaming has said its partner, the Trump Taj Mahal Casino Resort, has breached multiple contract conditions. Marc Falcone, Ultimate's senior vice president said, "We wish things would have turned out differently for us," Falcone added, "Unfortunately, as they say in poker, we were not dealt a good hand."

Ultimate reported the parent firm of the casino had not paid Ultimate $1.5 million owing for over two months. Trump Entertainment Resorts, the Taj Mahal's parent company has announced it could close by Nov. 13 unless it wins significant concessions from its workers.

Ultimate Poker became the first US-regulated online gambling site in Nevada when it launched in April 2013. Ultimate Gaming chairman Tom Breitling maintains that its Garden State shutdown will not affect its online poker operations in Nevada and that its players’ account balances are safe but is advising players to withdraw their funds as soon as possible.

Ultimate is not the only operator having trouble with Trump and New Jersey`s Division of Gaming Enforcement has caused even more confusion. It appears that Betfair the online gambling operator from the U.K. said the Plaza had “failed to even respond” to Betfair’s request for “a face-to-face meeting with senior management in order to discuss the implications” of the Trump Plaza’s impending demise.


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