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 the second annual NJCOOP, MGM’s plan to enter New Jersey’s online gaming market, remodeling plans for the former Atlantic Club casino hotel, and more.
Second Annual NJSCOOP Set to Begin May 6
The second annual New Jersey Spring Championship of Online Poker (NJSCOOP) begins this weekend on PokerStars NJ.
This year’s NJSCOOP will run May 6 through May 22 with a total guaranteed prize pool of more than $1.2 million across a 70-event schedule.
The series features High and Low buy-in levels for 35 tournaments culminating in a $500 No Limit Hold’em Main Event (High) with a $200,000 guaranteed prize pool and a $50 Main Event (Low) with a $30,000 guarantee.
MGM Going Online in New Jersey
In 2016, MGM bought out partner Boyd Gaming Corporation’s 50 percent interest in the Borgata Hotel Casino & Spa. GVC is the software provider fro Borgata’s existing poker and casino sites.
No launch date was set, but MGM committed to offering both desktop and mobile variants. The sites will also feature more than 300 casino games, progressive jackpot slots and both cash game and tournament poker.
“This is a historic moment for MGM Resorts to be launching real money online casino and poker under the MGM brand for the first time,” said Corey Sanders, Chief Operating Officer of MGM Resorts, in the official press release. “GVC has been a first-rate partner for us, and we are excited about the possibilities of extending that partnership as regulated markets open up in the U.S.”
“We are delighted to extend our relationship with MGM Resorts and to be launching casino and poker under the playMGM brand in New Jersey,” said GVC’s Chief Operating Officer Shay Segev. “MGM Resorts is quite simply one of the biggest and best names in the business, and we look forward to working with them for many years to come.”
Icahn Wants a Refund
Atlantic City might be forced to refund millions of dollars in property taxes to casino owner Carl Icahn.
The billionaire investor has appealed this year’s property tax assessments for the former Trump Plaza and Trump Taj Mahal casinos, claiming the properties values have nosedived over the past few years.
Icahn now has appeals on both properties for tax years 2014 through 2017 and for Tropicana Atlantic City’s assessment for 2015 and 2016.
Water Park Plan Washed Away
A deal that would have seen the now-closed Atlantic Club casino hotel in Atlantic City turned into an indoor water park has fallen apart.
A New Jersey developer had previously announced a deal to buy the casino and turn it into a water park with the help of the indoor waterpark giant Great Wolf Lodge.
However, that developer could not secure financing.
Slingo Games headed to New Jersey
London-based Gaming Realms has inked a deal with three New Jersey online casinos to bring its Slingo games to the iGaming market.
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