UPDATE 1-Boyd's Borgata gets first New Jersey online gaming permit
LOS ANGELES, Oct 9 (Reuters) - Borgata Hotel Casino & Spa, owned by Boyd Gaming Corp's and MGM Resorts, said it received the first Internet gaming permit ever in New Jersey from the state's Division of Gaming Enforcement.
Borgata, one of the 12 hotel-casinos in New Jersey's Atlantic City, said it had worked closely with the division throughout the process. A spokeswoman for the division confirmed it was the first Internet gaming permit to be issued by the state.
The gaming enforcement division has said Internet gambling, limited to the 12 hotel-casinos and their partners, will begin in New Jersey on Nov. 26, after a trial period to make sure things work properly.
New Jersey last February became the third state after Nevada and Delaware to legalize online gambling, but the casino industry views New Jersey as the most lucrative opportunity based on its size and the fact its law encompasses many forms of gambling.
All table and slot games available at New Jersey casinos with Internet gaming permits will be open for online play. Nevada's law, by contrast, allows online poker only.
Analysts estimate that Nevada's online gambling market will yield $50 million to $250 million in annual revenue, while New Jersey's will generate $500 million to $1 billion yearly.
Other operators that applied to offer online gaming include Caesars Entertainment ; Donald Trump's Trump Entertainment Resorts; the Tropicana Casino and Resort, sold in a bankruptcy sale to a group of creditors led by Carl Icahn in 2009; and The Golden Nugget, owned by Landry's Inc.
The Borgata is partnering with Bwin.party Digital Entertainment Plc for its online gambling offering. The state's other casinos will also partner with online gaming companies.
"This is a big step towards the opening of the regulated market for online gaming in New Jersey next month," said a spokesman for Bwin.Party.
Resorts Casino Hotel has joined with PokerStars, the world's largest poker website, which had tried to buy the Atlantic Club Casino Hotel earlier this year before the deal fell apart.
Gamblers would have to be physically in New Jersey to play.