The closure of Trump Taj Mahal made two gaming providers reconsider their availability of the New Jersey’s gambling market.
The famous provider, known as the Ultimate Gaming, has officially announced that it won’t play a significant role in the online gaming market in New Jersey anymore. The reason, which has led to that decision, was a couple of violations in the contract, signed by the Ultimate Gaming executives and the Trump Taj Mahal Casino Resort.
The collaboration between the two companies lasted approximately an year. As a matter of fact, the contract was signed when the New Jersey Division of Gaming Enforcement has allowed six casinos located within the state to provide online gambling activities.
Unfortunately, the partnership between the Ultimate Gaming and the Trump Taj Mahal Casino faced some unexpected setbacks. Contrary to their expectations, the turnover from the online gambling products was only $5 million while their competitors PartyPoker and Borgata won the impressive sum of $30 million. Meanwhile, Tropicana Casino and Resort has joined forces with the prominent provider of casino and bingo games Gamesys.
Authorities can not say for sure what the fate of the parent company – the Trump Taj Mahal casino will be. However, a suggestion that it will follow the destiny of some other casinos in the region has been put forward. Although the owners do their best to delay the closure, it is probably inevitable to happen in the next few months unless some delicate matters are solved.
The Chairman of the Ultimate Gaming corporation said that the Company is thankful for the state’s permission to operate in the area and to be able to prove itself as the indisputable leader in providing Internet gaming services to New Jersey’s residents.
It was also said in the announcement that the managers of Ultimate Gaming will keep in touch with the local Division of Gaming Enforcement representatives in order to make sure that customers will not be exposed to inconveniences while the transition procedure is in progress.
Nevertheless, the Ultimate Gaming associates did not take the responsibility of giving a precise information when the final cutoff will be.
The closure of Trump Plaza Casino made the other partner of Trump Entertainment Resorts – Betfair, face the uncertainty of eventual filing for bankruptcy.
The main concern was where the place of Betfair among the other providers will be. Trump Plaza and the gaming operator have been working in collaboration for more than a year and the danger of having the same fate as the Ultimate Gaming was considerable.
At the end of the day, it became clear that Betfair will stay fully operational due to the allowance, given by the state’s Division of Gaming Enforcement authorities who granted the operator the right to provide its services in spite of breaking the contract with Trump Plaza.
