August 23, 2013
Atlantic City suddenly more attractive with internet gaming in play
After recently describing Atlantic City’s casinos as “the enemy,” Steve Wynn is now looking to cash in on online gambling in New Jersey.
The state, which has seen gaming revenues from its traditional brick-and-mortar casinos decline steadily over the last few years, legalized online gambling earlier this year and some sites are expected to debut this fall.
A subsidiary of Wynn Resorts Ltd., Wynn Interactive LLC, is one of 37 firms that have applied for an online gaming license in New Jersey. Currently, Las Vegas-based Wynn Resorts does not own a casino in Atlantic City.
As a result, the company would have to partner with an existing casino licensee in New Jersey in order to offer online game. Atlantic City has 12 properties, with only Revel and Atlantic Club without online partners.
Wynn Resorts operates casinos in Las Vegas and Macau. The gaming company is building Wynn Palace, a $4 billion casino-resort on the Cotai Strip in Macau, as well as seeking approval to build resorts in Massachusetts and Pennsylvania.
Follow reporter Chris Sieroty on Twitter @sierotyfeatures.