{"id":6925,"date":"2014-02-04T17:01:37","date_gmt":"2014-02-04T17:01:37","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/02\/04\/wynn-gets-ok-for-online-gambling-in-new-jersey-but-puts-efforts-on-hold\/"},"modified":"2014-02-04T17:01:37","modified_gmt":"2014-02-04T17:01:37","slug":"wynn-gets-ok-for-online-gambling-in-new-jersey-but-puts-efforts-on-hold","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/02\/04\/wynn-gets-ok-for-online-gambling-in-new-jersey-but-puts-efforts-on-hold\/","title":{"rendered":"Wynn gets OK for online gambling in New Jersey but puts efforts on hold"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\n<img decoding=\"async\" src=\"http:\/\/i61.tinypic.com\/vnjudc.jpg\" alt=\"\" \/><br \/>\n\t<span style=\"font-size: 185px\">Wynn Resorts Ltd. has gained approval to offer an Internet wagering website within New Jersey boundaries, but a spokesman for the Las Vegas-based casino operator said the company\u2019s online gambling efforts are on hold. Wynn Resorts spokesman Michael Weaver said Monday the company headed by Steve Wynn doesn\u2019t currently view online gaming \u201cto be a good entrepreneurial opportunity.&quot; (Las Vegas Review-Journal file)<\/span><\/p>\n<p>\tBy HOWARD STUTZ<br \/>\n\tLAS VEGAS REVIEW-JOURNAL<br \/>\n\tNew Jersey gaming regulators have given Wynn Resorts Ltd. approval to offer an Internet wagering website within the state\u2019s boundaries, but a spokesman for the Las Vegas-based casino operator said the company\u2019s online gambling efforts are on hold.<\/p>\n<p>\tWynn Resorts spokesman Michael Weaver said Monday that the company, which is headed by Steve Wynn, doesn\u2019t view online gaming \u201cto be a good entrepreneurial opportunity. Consequently, our plans are on hold until we understand the business opportunity.\u201d<\/p>\n<p>\tIn actions taken in late January but made public Monday, New Jersey\u2019s Gaming Enforcement Division granted authority to Wynn Interactive to conduct Internet gambling with partner Caesars Interactive, a subsidiary of Caesars Entertainment Corp.<\/p>\n<p>\tThe division also granted a request by Wynn and Caesars Interactive to conduct Internet gambling operations with the All American Poker Network and 888 Atlantic Limited, an affiliate of a Gibraltar-based online betting firm 888 Holdings.<\/p>\n<p>\tHowever, in an interview with political commentator Jon Ralston, which appeared on Ralston\u2019s website Sunday, Wynn said he now doesn\u2019t see a \u201cbusiness opportunity\u201d in online gaming. Wynn also said he questioned the technology used to track players and block minors from gambling online.<\/p>\n<p>\tWynn told Ralston the technology \u201cwas impressive if you were a cyberguy. But it was bullshit.\u201d<\/p>\n<p>\tWynn stopped short of calling for an all-out prohibition of legalized online gaming, which has been proposed by Las Vegas Sands Chairman Sheldon Adelson. Sources said Wynn does not plan to financially back the effort by Adelson to halt online gaming legalization in Washington, D.C., or state by state.<\/p>\n<p>\tNew Jersey approved Wynn for a so-called transactional waiver that enables the company to offer Internet gambling with Caesars Interactive, which has two of New Jersey\u2019s Internet gambling permits.<\/p>\n<p>\t\u201cWe are allowing them to use one of our permits,\u201d Caesars Interactive spokesman Seth Palansky said.<\/p>\n<p>\tWynn applied for the license in 2013.<\/p>\n<p>\tCaesars Interactive operates six gambling websites, including the 888 and WSOP sites.<\/p>\n<p>\tWeaver said the financial results from legal online gaming in New Jersey and Nevada were unimpressive. New Jersey\u2019s online gaming activities garnered $8.4 million in its first six weeks.<\/p>\n<p>\tNevada, which has just two poker-only Internet gaming sites, won\u2019t break out the figures until a third website is licensed.<\/p>\n<p>\tUnion Gaming Group estimated online poker was responsible for about $200,000 in gaming revenue during December.<\/p>\n<p>\t\u201cWe\u2019ll put everything on hold and monitor it for now,\u201d Weaver said.<\/p>\n<p>\tThere are 15 Internet gambling sites in New Jersey. Casinos licensed to operate the sites are the Borgata; Caesars Atlantic City; Bally\u2019s Atlantic City; Golden Nugget Atlantic City; Tropicana; Trump Plaza; and the Trump Taj Mahal, which has a partnership with Station Casinos-owned Ultimate Gaming.<\/p>\n<p>\tResorts Casino Hotel has an Internet permit but is not offering online gambling.<\/p>\n<p>\tSeparately, a poll conducted by Fairleigh Dickinson University PublicMind found more New Jersey residents want to smoke pot than gamble online.<\/p>\n<p>\tThe survey found 41 percent of respondents would support smoking marijuana recreationally if it became legal. That compares with 32 percent who support gambling over the Internet.<\/p>\n<p>\tThe poll finds support for online gambling has fallen, even as it enters its third full month and more than 150,000 online gambling accounts have been set up in the state.<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wynn Resorts Ltd. has gained approval to offer an Internet wagering website within New Jersey boundaries, but a spokesman for the Las Vegas-based casino operator said the company\u2019s online gambling efforts are on hold. Wynn Resorts spokesman Michael Weaver said&#8230;<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-6925","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/6925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=6925"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/6925\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=6925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=6925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=6925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}