Study Suggests NJ Land-based Casinos Move Towards iGamingPublished September 9, 2015 by Lee R
Following the lead of Mohegan, another land-based casino has digitized.
A New Jersey think tank has presented an economic development plan to encourage New Jersey land-based casinos to seek expansion to iGaming.
In an economic development plan presented to the Atlantic County Action Now steering committee and two other groups on Wednesday, Angelou Economics stressed the need for private industry to take the lead in implementing suggested changes.
This has direct implications for online casinos such as Atlantic City's Resorts Casino Hotel, recently awarded an online gambling license by the New Jersey Division of Gaming Enforcement.
Online Experience So Far
In this foray into online gaming, Resorts Casino AC is offering remote gambling under the name Resorts Digital at resortscasino.com. This is not the first foray, as an earlier partial entry saw the use of part owner Mohegan Sun's license at mohegansuncasino.com.
Resort Casino President and CEO Mark Giannantonio emphasized the marketing appeal of Resorts Digital as the first casino company in the country to open a digital gaming lounge on its own property.
The licensing agreement will see the New Jersey Casino Control Commission honor Resorts’ request to transfer all internet gaming assets to a newly formed entity, Resorts Digital Gaming LLC.
The Online Plan
This sets the groundwork for motivated land-based casinos in the US to shift to online operations. While not all land-based casino operators are currently motivated to legislate online gambling for fear it will eat into their profits, the economic viability of the adaptation remains inarguable: it is immensely cheaper to offer gambling online than in lavish and decadent land-based hotels and buildings.
Currently, US players can play at online casinos like Rich Casino, Grand Fortune Casino and Raging Bull Casino. The move suggested is the transferring of land-based casinos into digital versions - something which has already been happening in Garden State casinos.