Wynn Withdraws Application For NJ I-Casino LicenseMove Was Expected As Steve Wynn Opposes I-Gaming |
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Wynn Interactive, an offshoot of Las Vegas-based Wynn Resorts, has successfully withdrawn its application for a license to operate online gambling in New Jersey, according to a ruling from the state’s Division of Gaming Enforcement filed earlier this month.
The plan had been for Wynn to offer online gambling through a partnership with Caesars. Wynn doesn’t have a brick-and-mortar casino in Atlantic City these days, and so it needed a partner.
Steve Wynn has changed his position on online gambling over time. He joined Las Vegas Sands owner Sheldon Adelson in opposition to the U.S. casino gaming sub-industry, which could hit $2.7 billion by 2020 if more states legalize and regulate the games.
Wynn Resorts was once going to partner with PokerStars for a Nevada online gambling site, but the deal was canceled after Black Friday in April 2011.
“I believe that Internet gaming is not going to happen in any way that is meaningful for Las Vegas,” Wynn said in May. “I don’t think [an online gaming bill] has any chance of getting through the House of Representatives, and even if it did, it would at the behest, at the encouragement, of the state lottery boards who want to go into that business. I am not going to get into [online gaming]. We’ll get blamed if anything goes wrong.”
Nothing has gone wrong with regulated online casino games in the U.S. since they debuted in 2013. Nevada, New Jersey and Delaware are the only states where it’s currently regulated.
Wynn’s focus is arguably centered on slumping Macau revenue and the fight to get his casino near Boston to become a reality. Boston sued over Wynn’s planned casino in neighboring Everett.
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