Wynn Changes Mind About New Jersey, Pulls Application for Online Gambling Licensing
Casino mogul Steve Wynn has changed his mind about returning to New Jersey to offer online gambling. According to recent reports, Wynn Resorts Ltd has withdrawn its online gambling licensing application from the state.
Wynn Interactive, Wynn Resorts online gaming subsidiary withdrew its application about a month ago with the Gaming Enforcement Division examining the available opportunities for operator to offer licensed online gambling activities to New Jersey residents. It is expected that since Wynn withdrew its application it will end its partnership with Caesars Interactive. They teamed up with Caesars to be able to offer online gambling activities in the state.
Wynn never appeared to be 100% committed to providing online gambling to New Jerseyan’s. Many are not surprised for its withdraw with the operator’s constant delays since their initial iGaming application was submitted back in 2013.
New Jersey started offering online gambling back in November 2013. Whilst the market didn’t start out as expected revenues have grown with increases of about 15.6% for the first eight months of this year compared to last year with generating only $122 million. Although Wynn has backed out there is plenty of room for other operators to fill the spot of what is said to be one of the biggest revenue years yet for the online market in the garden state.