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Mon, Sep

Wynn Interactive Withdraws New Jersey License Application

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A ruling from the New Jersey Division of Gaming Enforcement that was filed earlier this month has revealed that the Wynn Interactive division of Wynn Resorts, the Las Vegas based casino operator, has successfully withdrawn its application for a license to operate online gambling in New Jersey.

Wynn’s original plan was to offer online gambling through a partnership with Caesars Entertainment as it does not have a brick-and-mortar casino in Atlantic City and was therefore required to have a partner.

Wynn initially put forward an application for a New Jersey license in July of 2013, which was prior to the launch of the state’s regulated online gaming market.

A report in the Las Vegas Review Journal last year revealed that Wynn Interactive had put its online gaming plans “on hold” after which the withdrawal of the application for a license to operate online gambling in New Jersey was confirmed by a company lawyer.

It was also reported that the operator’s legal represented had submitted a formal request to the New Jersey Division of Gaming Enforcement at the beginning of this month stating that at this time Wynn does not wish to proceed with its application and asking them to accept the correspondence as a formal request to withdraw such application.  The New Jersey Division of Gaming Enforcement approved the request shortly after receiving the letter.

Wynn’s withdrawal follows a report in July that it had been hit by a drop in revenue during the second quarter, which was partly due to losses sustained in Macau and Nevada.