Twin River Worldwide Holdings has announced its latest New Jersey focused partnership after aligning with Philadelphia-based sports betting startup Sporttrade. The collaboration will lead to the launch of Sporttrade’s proprietary sports betting exchange product in the Garden State pending regulatory approvals which will grant Twin River the right to three online sports betting skins in the region.
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The partnership will lead to the launch of Esports Entertainment Group’s proprietary mobile sports betting product in the state of New Jersey, pending Twin River obtaining the necessary regulatory approvals to complete its acquisition of Bally’s Atlantic City Hotel & Casino in Atlantic City, New Jersey. Upon the acquisition, Twin River acquires the right to three online sports betting skins in New Jersey, leading to the creation of this partnership.
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The process of eliminating the former Trump Plaza casino from the Atlantic City skyline will still end with the boom of an implosion sometime next year. But this month, a demolition crew from Pennsylvania began the slow work of gutting the interior and taking down portions of the building in preparation for the implosion.
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Casinos, racetracks and retail sportsbooks in New Jersey withstood a loss in revenue of 20.9% in July, the first month that they were open for in-person gambling under capacity limits.
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New Jersey’s online casinos and sportsbooks both hit major milestones this month, as casinos reopened and the NBA and baseball helped draw more bets and normalize the market, according to PlayNJ.com.
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Once considered a haven for gray-haired slot players who came by the busload with slim hopes of a big payday, Atlantic City’s casinos have worked toward expanding their appeal to younger visitors and nongamblers.
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Another mobile sports betting application has launched in New Jersey. Wynn Sports became the 18th sports betting app in New Jersey when they launched earlier this week.
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A bill, A637, was introduced in January and cleared a committee in March before last week’s 74-0 approval in the Assembly. The bill on Monday was sent to the Senate State Government, Wagering, Tourism & Historic Preservation Committee for consideration.
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The New Jersey Assembly on Thursday passed a bill designed to make it much easier for eSports tournaments to become part of the state’s legal, regulated sportsbooks’ menu of offerings. The vote was 74-0, bypassing the typical partisan divide in Trenton.
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GameCo, the self-described inventor of video game gambling, has received its license from the New Jersey Division of Gaming Enforcement (DGE). Per a press release issued Wednesday, it’s looking to strike a deal to bring its novel products to the state in partnership with NJ online casinos and sportsbooks.
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The Borgata casino began their soft-opening Thursday as they hosted an invitation-only event. The Borgata is the last of Atlantic City's nine casinos to reopen amid the coronavirus pandemic and is expected to open to the public on July 26.
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Two years into its legal battle to open a sportsbook at the site of a former New Jersey racetrack in the Philadelphia suburb of Cherry Hill, the strip mall operator of that site recently surrendered.
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