New Jersey has set late November as the time it hopes to have regulations in place so intrastate Internet gaming can get underway. State officials also require that Internet gaming take place through the 12 licensed casinos.
With some three dozen Internet gaming suppliers already licensed, it is obvious many will find themselves without a licensed casino from which to operate.
Word out of Atlantic City is that a partnership between London-based 2UP Gaming and Asian financed MidOil USA is seeking to buy the Atlantic City Casino, a property that was almost sold earlier this year for $15 million.
It’s also being reported that the Atlantic City Casino, originally known as the Golden Nugget, a property built by Las Vegas gaming mogul Steve Wynn, is again being eyed by Wynn, whose company, Wynn Resorts Ltd., is seeking an Internet license through a subsidiary.
With a reported $330 million in their bankroll, the 2UP partnership may be prepared for a bidding war.