Here are some of the top stories in mobile and online gaming that we’ve been monitoring in recent days.
In an effort to capture much of the lost revenue from Atlantic City, New Jersey launched online gambling in November 2013. Many struggling Atlantic City casinos had high hopes that the addition of online gambling would keep them from closing their doors, but the results are not living up to the lofty initial expectations.
Churchill Downs invested $2.5 million into NLR Entertainment, owned by Nicholas Ribis, with the expectation that he would purchase the Showboat casino in Atlantic City. It goes without saying that the $2.5 million investment would have secured Churchill Downs a spot in the online casino world.