Will The Golden Nugget Turn Into An Online Gambling Portal
All the online gambling company who are looking to gain entry into the highly prolific gambling market in New Jersey can benefit from the battling golden Nugget land casino located in Atlantic City.
As per the change in legalization in New Jersey, those who are looking to buy online casino software and set up their own online gambling portal need to have partnership with the land casinos in Atlantic City.
All such casinos have already announced the partnership and only two of them remain. Golden Nugget is going through a tough time and the general manager of this casino is willing to see the different portals and explore the ways in which he can benefit from the deals.
One cannot be sure of what final decision will be taken, however, it is certainly interested in one of the proposal and as per reports from inside sources the rights for online gambling alone could yield an amount in the range of 50 to 100 million dollars.
This Texas based group has been approached by Houlihan Lokey which is an investment bank. A lot of reports are coming up which claim that they may be signing deals with land casinos. It is worth adding that this Texas based land casino has over 200 million dollars in investment.
Though, it has not managed to bag a lot of profits, yet the casino has no outstanding debts and they are one of the leading names in the field of gambling. The new deal can help them in ways more than one.
BY CASINOWEBSCRIPTS PUBLISHED 2 September 2013