Wynn Resorts Deserts New Jersey

Wynn Resorts Deserts New Jersey

Friday, 25 September 2015

One of the most recognisable brands in the American land-based casino market, Wynn Resorts, has decided not to enter the New Jersey iGaming market.

After watching the iGaming scene in the Garden State blossom over the last few years, Wynn Resorts had been in the process of applying for a New Jersey online gaming licence via its Wynn Interactive subsidiary.

However, the Las Vegas-based operator has now backed out with the firm's Chief Executive Officer, Steve Wynn, stating that he doesn't see much potential in the iGaming market.

"You’ve got all these states miserably hungry for revenue," said the 73-year-old last year.

"They all have lotteries. They have attorney generals and congressmen and governors who are connected to Washington at the hip. You think they’re going to let private enterprise get this money? Baloney."

The change in direction came to light earlier this month via an official letter to the New Jersey Division of Gaming Enforcement. Although the contents of the correspondence are relatively brief, Wynn Resort's reservations could have something to do with its lack of a land-based casino in Atlantic City.

Although another option for New Jersey iGamers would have been nice, the market is nonetheless still struggling to find its feet and there would have been no guarantee that any Wynn Resorts platform would have been able to flourish.

Tags: Wynn Resorts, New Jersey, Steve Wynn