Wynn Plans to Run Online Gambling from Caesars Atlantic City According to Bloomberg
According to Bloomberg, Wynn Resorts Ltd. plans to run it��s online gambling business in New Jersey from Caesars Atlantic City, according to a person with knowledge of the situation.
Wynn doesn��t own a casino in the Garden State �� the company was linked to the Atlantic Club at one point �� but both Wynn and Caesars Entertainment Corp. are working alongside 888 Holdings Ltd.
New Jersey requires that casinos have a physical presence with computer hardware in the state in order to offer online gaming, and H2 Gaming Capital estimates this could be a $7.4 billion market in the United States.
��As the online business rolls out on a state-by-state basis, everyone will need to partner with someone,�� Itai Frieberger, the chief operating officer of 888 told Bloomberg. ��You��ll find very strong partnerships in some cases with competitors in order to get a license.��
Frieberger declined to give a location for Wynn��s computers.
Michael Weaver, a Wynn spokesperson, declined to comment. Seth Palansky, Vice President of Corporate Communications for Caesars, said the arrangement between Caesars and 888 isn��t exclusive.
Wynn and Caesars are both competing for the sole casino license to be awarded in Boston in 2014. Wynn wishes to build a casino on the famed Mystic River waterfront, while Caesars plans to build at the Suffolk Downs racetrack.
888 already provides software for Caesars�� WSOP.com and plans to provide software for Wynn on the All American Poker Network.
��We could have 10 different brands operating in the U.S. by the end of the year,�� Frieberger said.
Photo courtesy of NJ.com
Get all the latest PokerNews updates on your social media outlets. Follow us on Twitter and find us on both Facebook and Google+!
