This Week In NJ Gambling: Atlantic City’s Revival, Hard Rock’s Deal On The Taj

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This Week in NJ Gambling is a round-up of some of the top stories in New Jersey’s gambling industry, online and off.

This week we take a look at Atlantic City’s recent revival, the Hard Rock’s deal on the Trump Taj Mahal, Resorts Online Casino reaching the 400-game mark, and a whole lot more.

Waking Up The Neighbors

With the state’s neighbors in Pennsylvania considering online casino legislation and stuck on what tax rate to charge potential operators, New Jersey casino tax rates have suddenly become topical.

It turns out casino operations in New Jersey are paying a lot less in taxes than those in surrounding states like New York, Maryland and Pennsylvania.

A racetrack operator whose plan to open a casino in North Jersey was foiled by voters last fall says New Jersey is getting ripped off, and a few local politicians are starting to make some noise about it. Perfect timing, since the Atlantic City casino industry just recovered from a decade of declining revenues.

Caesars Entertainment Reorganization Approved

The New Jersey Casino Control Commission approved a plan to allow Caesars Entertainment to lease its properties to a newly formed operating company as part of its bankruptcy reorganization this week.

The commission’s chairman and CEO said after a decade of decline, Atlantic City’s casino industry is turning around and his hope is Bally’s and Caesars Atlantic City will now be able to focus on growing the same way others are in New Jersey.

Sweet Deal For Hard Rock On Taj

It turns out Hard Rock International got a pretty sweet deal when it purchased the Trump Taj Mahal earlier this year.

In fact, the company paid just 4 cents on the dollar for the massive Atlantic City casino and resort President Donald Trump built for close to $1.2 billion in 1990. According to documents released by the Securities and Exchange Commission this week, Hard Rock paid $50 million for the now defunct Taj, although they’ve already begun a $375 million renovation.

National Press Sees Atlantic City Revival

The casino business has turned around after a decade of declines. The shuttered casino palace that was once the biggest in the world is undergoing a $375 million facelift. A local University just broke ground on a satellite campus and the first luxury apartment complex to be build in decades is under construction.

Even the city’s credit rating is on an upswing. Atlantic City is in the middle of a revival.

SugarHouse Releases Multi-Bet Blackjack Online

The SugarHouse New Jersey online casino has released a new Multi-Bet Blackjack game custom designed by owner and operator Rush Street Interactive.

The game is only available at SugarHouse and allows players to make up to 12 different bets on every deal. There are also three side bets available.

Resorts Reaches 400-Game Mark Online

Resorts Online Casino has added hundreds of games to its online casino offering since launch. This week, it became the first NJ online casino to surpass the 400-game mark when it added NYX Gaming’s Manic Millions slot to the mix.

Mother’s Day Deals Online

Mother’s Day is coming up this weekend and New Jersey online casinos are marking the occasion with some appealing new promotions.

This includes the latest installment of the popular Virgin Adventures series on the Virgin NJ online casino and Tropicana Online‘s Spring Sizzle promotion. Tropicana is also running a Mother’s Day Giveaway and Mother’s Day Deposit Match. Plus, the Borgata Online Casino is running a Bonus Dollar Giveaway.

Trump’s First 100 Days

Despite fears President Donald Trump’s election meant trouble for the NJ online gambling industry, not much has happened 100 days into his presidency.

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Marty Derbyshire

Marty Derbyshire has been covering online gambling for various industry media outlets since 2007.

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