New Jersey regulators are being inundated with online gaming applications, sources in the Garden State admitted earlier this week.
Regulators have completed a preliminary review of applications filed by companies that want to work on Internet gambling with the state’s casinos, Bloomberg reported Friday, adding that a total of 37 applications have already been received.
Three of the applications, we’re told, are from companies previously licensed by the state, the Division of Gaming Enforcement confirms.
The names won’t be disclosed until they are published on a list of active vendors on the division’s website. The state defines the applicants as those providing software, marketing, telecommunications or other services. Each of the state’s 12 casinos notified regulators of their intent to partner with an Internet gaming provider last month.
“We see this as the first round of filings and we expect that more applications will be filed as the start of Internet gaming moves closer,” the division’s director, David Rebuck of the Division of Gaming Enforcement said in a statement.
In recent days, analysts have begun increasing their annual estimate of the New Jersey online gaming market.
“Due to the quantity and caliber of the online partner combinations, we expect the Internet gaming market to be more robust than initially believed,” says Andrew Zarnett, an analyst with Deutsche Bank Securities.
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