The New Jersey Division of Gaming Enforcement (DGE) has instructed some of the state’s casinos to submit additional information pertaining to the applications on file for online gaming licenses.
Though none of the offending casinos were named, a letter from the DGE was sent to all 12 of the Eastern seaboard gaming establishments. Those who failed to submit all the info requested have until Friday, September 20 to do so, NorthJersey.com reported.
At issue are partnership contracts with various vendors and software providers which must be exhaustively investigated by gaming officials prior to the projected launch date of November 23. Whether the launch that is now a mere two months away is in jeopardy due to the lack of completeness of applications on file remains to be seen.
Keep in mind that PokerStars’ application for interim casino authorization was also found lacking earlier this year when parent company the Rational Group had a contract in place to acquire the Atlantic Club. When PokerStars’ information was eventually deemed complete by gaming officials, it did not permit enough time for regulators to fully investigate the company pursuant to a contractual stipulation. The result saw the Atlantic Club owners invoke a clause that allowed the deal to be nullified, causing PokerStars to lose $11 million.
The Atlantic Club has since been reportedly entertaining other offers which are likely much higher than the bargain-basement $15 million purchase price that PokerStars had agreed to. The Atlantic Club, incidentally, is one of two casinos that have yet to name their Internet gaming partners.
Most will agree that the late November launch date by New Jersey officials is a bit on the optimistic side. Nevada has experienced significant delays in launching online poker sites, with Ultimate Poker still the only choice available to Silver State tourists and residents. Delaware will also fail to meet its original online gambling debut in late September, with a late October rollout now being anticipated. Don’t be surprised if that date gets pushed back as well.