Wynn Resorts has filed an application with New Jersey regulators for an Internet gambling license.
Las Vegas-based Wynn has no casino operations in the state, but the move makes it one of dozens of companies seeking the licenses from the NJ Division of Gaming Enforcement ahead of a targeted launch date in late November.
Web gambling will be offered only by Atlantic City’s 12 land-based casinos, which are partnering with online gaming companies. Unlike Nevada, though, which permits only poker, the sites will offer casino-style games and slots.
New Jersey in February became the third state to legalize online gambling. Like its predecessors, neighboring Delaware included, participation will be limited to residents or visitors physically present in the state, which leads observers to believe that as the most populous market to date to regulate the industry, it will be the most lucrative.
Analysts project Nevada’s current poker-only market will yield US$50 million to $250 million in annual revenue, while New Jersey could generate $250 million to $500 million
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