Betfair to remain in New Jersey with Caesars

Betfair to remain in New Jersey with Caesars

Tuesday, October 7, 2014

US operator Caesars Interactive Entertainment has struck an agreement with Betfair that will enable the online gambling company to remain in the regulated New Jersey market.

It has emerged that both parties have been granted a six-month approval for a Data Centre Sublicense Agreement by the state’s watchdog, the New Jersey Division of Gaming Enforcement (DGE).

Betfair will relocate its servers and other infrastructure to one of Caesars’ properties in the state after its previous partner in New Jersey, the Trump Plaza land-based operation, closed down last month.

Betfair will continue to offer the BetfairCasino.com website, which was previously licensed under its deal with Trump Plaza.

Under New Jersey’s legislation, online gambling companies must hold a licence with a land-based operator in the state.

Last month, Ultimate Gaming said that it would withdraw from the New Jersey online gaming market after terminating its agreement with Trump Taj Mahal Associates, which operates the Trump Taj Mahal casino in Atlantic City.

The online gaming operator said that the contract had been curtailed after just over one year due to “multiple breaches by Trump Taj Mahal Associates”.

Trump Taj Mahal filed for Chapter 11 bankruptcy reorganisation on September 9.

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