New Jersey Regulators Approve More than 50 Vendors

New Jersey Regulators Approve More than 50 VendorsWith just three weeks before a real money online poker and gambling launch, New Jersey gaming regulators approved a slew of companies to participate in the regime.

A total of 54 companies have been rubber-stamped to partner with Atlantic City casinos by providing ancillary services or vendor functions in New Jersey Internet gambling. A list was released by the state’s Division of Gaming Enforcement (DGE).

Many of those approved may not be familiar or recognizable to the typical online poker player. However, as the casinos that actually operate the online gaming sites may not have much experience in Internet gaming affairs, the new licensees will provide a crucial function in the overall success of the sites themselves.

Some of those services include payment processing, geolocation, Internet software and related technological expertise. The DGE did not spell out which newly-licensed companies will be partnering with which particular casinos. That task will likely be handled between the service providers and the casinos in possession of an online gambling operator’s permit.

Those casinos number five at this time, with only the Resorts Casino, Revel, Atlantic Club, and the four owned and operated by Caesars yet to be green-lighted by gaming officials. The Revel and Atlantic Club have yet to name any partners and industry rumors persist indicating that neither may participate in the upcoming online gambling launch at this time.

All eyes remain on the Resorts Casino, who earlier named PokerStars as its partner in its online gambling endeavor. That partnership must first be approved by state regulators, who are likely scrutinizing PokerStars and their so-called ‘bad actor’ status for remaining in the U.S. market after passage of the UIGEA in 2006.

Industry insiders have long been questioning whether New Jersey can make its projected launch date of November 26. The naming of more than four dozen approved companies to provide necessary services to the online gaming sites goes a long way in making the aggressive launch date a reality.