Wynn Interactive Gets Ok for NJ Online Gambling Deal with Caesars
Last week the New Jersey Department of Gaming enforcement approved a deal between Wynn Interactive and Caesars Interactive to offer online gambling in the newly opened New Jersey market. Though the two gaming giants would be working together, they would be working off of Caesars permit.
The only problem with the deal is that Wynn is suddenly not very interested in working in the Garden State.
In an interview with the Associated Press, Wynn spokesman Michael Weaver said:
As Mr. Wynn said this weekend, online gaming does not appear to be a good entrepreneurial opportunity. Consequently, our plans are on hold until we understand the business opportunity.
Neither Weaver, nor Wynn provided much in the way of details as to why New Jersey isn’t such a great deal. They only said that they are studying the market. Wynn has plenty of experience with land-based casinos in Atlantic after opening the Golden Nugget there in 1980.
A Caesars Interactive spokesman confirmed that Wynn was indeed ok’d to use the Caesars permit, but that nothing was in the works in the near future.