First New Jersey Online Casino Closing

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    Last post ago about 2 years by budala
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    cheetahwind

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        cheetahwind

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        • Soad1
        So it would seem as one of the first online casinos in New Jersey is officially closing up shop.

        According to an article I was reading, Ultimate Gaming is claiming that the Trump Taj Mahal has failed on several contractual agreements and owes them $1.5 million in payment.

        This really to me doesn't come as a surprise mainly because the casino itself is going belly up.  So I'm sure there just one more place that is getting screwed over by the casino.

        The article is here
        http://www.reviewjournal.com/business/casinos-gaming/ultimate-gaming-ending-agreement-trump-taj-mahal

        I can see other casinos in the state of NJ becoming victims to situations such as this because the state of NJ hasn't come to any agreements with any other states to help bring in additional revenue to these casinos.  So therefore you still have to travel to NJ just to play.

        Also there are just too many casinos out there period to compete with the state of NJ period.  I mean in Iowa alone we have 19 casinos.  With that kind of saturation who wants to travel to NJ just to blow there money or win big.  When they can do the same thing closer to home.
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        chocolateman

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        I know...They messed it up with greed. There should have been some type of Intrastate compact going on. Where certain state still would receive a percentage of tax revenue from NJ. In order to keep casinos out of neighboring states. Or the mafia just got too greedy. Here in the south, Mississippi is pretty much still the dominate state of gambling. Hopefully it will stay to way too.
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        budala

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        I reckon there must be more than meets the eye...

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