The Garden State is on the brink of welcoming a new player, Resorts World Bet app to its online gaming landscape as Resorts World Bet gears up for the launch of its casino app in New Jersey. The prospect of a fresh casino app becoming available has stirred excitement, pending approval from the state’s Division of Gaming Enforcement (DGE). NJ will be the first state to benefit from the Resorts World Bet’s online casino app.
Resorts World Bet App, in collaboration with Ocean Resort Casino, is diligently navigating the regulatory landscape to secure approval from the DGE for its online sportsbook and casino gaming offerings. Consequently, a November filing by the NJDGE revealed that the review of the partnership had been successfully completed. This development marks a historic moment, as Resorts World Bet App aims to not only introduce a sportsbook but also showcase its pioneering online casino product—a first of its kind in any state.
Therefore, efforts are underway to obtain DGE approval for online sports betting, though a specific date for this approval remains undisclosed. The NJDGE has set a deadline for Resorts World, requiring the completion of two categories of payments outlined in the agreement by May 4, 2024. However, it’s crucial to note that this payment deadline represents just the initial step in the broader regulatory approval process.
In a statement, it was clarified that the transactional waiver granted pertains solely to the narrow scope of approving payments outlined in two sections of the agreement. Additional approvals are imperative for the full realization of the agreement’s other aspects. This suggests that while ResortsWorld Bet is making strides, the comprehensive approval process may extend into the middle of 2024, aligning with the potential launch timeline.
The strategic partnership between Ocean Resort Casino and Resorts World solidified with an online market access agreement in December 2022, shows a shared vision of expanding market share in New Jersey. Therefore, the NJDGE’s imposed deadline for Resorts World to fulfill payment obligations by May 4, 2024, further emphasizes the gravity of this collaboration.
Furthermore, Resorts World, backed by the Genting Group, adds significant weight to the ResortsWorld Bet brand name as it diversifies its gaming interests. The Resorts World Bet Sportsbook in New York has already generated substantial traction, amassing $112.5 million in handle and $6.6 million in revenue. In contrast, the online gambling revenue landscape in New Jersey witnessed a historic moment in October 2023, with a record-breaking $166.8 million—a milestone month for Ocean Casino.
As Ocean Casino endeavors to climb the ranks and surpass competitors in New Jersey’s online gambling revenue hierarchy, Resorts World’s entry into the market is poised to be a game-changer. Thus, the potential synergy between these entities may reshape the landscape, introducing healthy competition and driving innovation within the state’s thriving online gaming sector.
Resorts World Bet App impending entry into the New Jersey market represents a significant milestone in the state’s online gaming evolution. The collaborative efforts between Ocean Resort Casino and Resorts World, coupled with regulatory approvals, set the stage for a groundbreaking launch in 2024. Consequently, as the state eagerly anticipates the arrival of Resorts World Bet’s casino app and Resorts World Bet sportsbook, the industry braces for transformative shifts, further solidifying New Jersey’s position as a pioneering hub for online gaming innovation.