Boom Time for New Jersey Gambling Industry

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Boom Time for New Jersey Gambling Industry

With online casinos and sports betting sites generating revenues of more than $85 million during October, these are exciting times for the gambling industry in New Jersey.

The sector is awash with news stories at the moment, as the sector continues to ride the wave of positivity surrounding it.

Read on as we look at three of the latest top stories from the New Jersey gambling industry.

Ocean Casino Resort names new CEO

Ocean Casino has announced that Terry Glebocki has been appointed as the resort’s Chief Executive Officer.

Glebocki had served in the job in an interim capacity since August, but after overseeing a record financial period for the property she has been handed the role on a permanent basis.

“It’s a very exciting time to be the helm of the property,” she told the Ocean Casino website.

“I look forward to working with the management team and all our team members to continue to meet property goals.  We have many announcements planned for 2020.”

Glebocki has a long history within financial management, most notably turning around the fortunes of Tropicana Entertainment during her time as Chief Financial Officer.

She has also worked for Bally’s, Trump Entertainment Resorts and Revel, and is famed for an astute eye for detail when it comes to casino finances.

Glebocki joins Karie Hall on the list of women currently running an Atlantic City casino. Hall is vice-president and general manager at Bally’s, although she is answerable to a regional president.

Atlantic City Council pondering licensing changes

The Atlantic City Council is currently considering two local resolutions regarding alcoholic drinks and marijuana businesses.

Councillors are pondering whether to follow the lead of Las Vegas, where non-glass open containers are allowed on the Strip, but businesses connected to marijuana products are banned.

The Atlantic City Police Department and Alcohol Beverage Control Board are both supportive of the open container resolution which would the council believes would facilitate the easier movement of people between casinos.

However, many council members remain wary of allowing marijuana businesses to operate along the Boardwalk as it wouldn’t project the correct image.

Third Ward Councilman, Kaleem Shabazz, said: “I had some people who said they didn’t think that is the kind of branding that we need.

“The Boardwalk is a place that we want to attract people and we want to spruce up and make it something that we can talk about.”

If either of the resolutions are passed there would still be further legislative processes to complete before they would be entered into law.

Regulator issues warning over unlicensed sites

New Jersey’s Division of Gaming Enforcement (DGE) is closely monitoring the marketing activity of offshore casino operators.

The DGE’s director, David Rebuck, has requested help from local media outlets by asking them to refrain from promoting content from unregulated sites.

If they are intent on publishing such advertisements, Rebuck has advised that it should come with a disclaimer informing New Jersey residents that the site is not licensed to offer its services in the jurisdiction.

The DGE is eager to ensure that people are protected from unscrupulous operators and provide a landscape where they can gamble safely and securely.

It is also keen to prevent unlicensed sites from eating into the profits of operators who fully comply with local regulations.

The threat of legal action by the DGE has already seen some rogue sites cease operations in New Jersey and Rebuck is working towards establishing a fully licensed and regulated industry in the state.

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