In an attempt to revitalize its struggling casino industry, New Jersey legalized online casinos in 2013. Some of New Jersey’s more optimistic government officials predicted that the state’s newly-opened digital casinos would generate over $1 billion dollars in revenue during 2013.
Unfortunately, New Jersey-based online casinos brought in only $111 million last year. According to casino representatives, one of the reasons why the state’s virtual gaming outlets struggled to attract customers was that many customers had difficulties accessing online casinos from more remote areas of New Jersey. Representatives blame these difficulties on faulty location software, and are working diligently to resolve these issues.
Another difficulty facing the online gaming industry in New Jersey is that many financial institutions are reluctant to process transactions involving online casinos.
The Trump Taj Mahal Casino Closes
While online gambling is just starting to become popular in the United States, traditional betting venues are shutting their doors. In particular, a number of casinos in Atlantic City ceased operations in 2014. The Trump Taj Mahal, one of Atlantic City’s most popular gaming destinations, is the most recent casino to close down.
Reports says that the Taj Mahal closed in December of 2014 because it did not receive enough tax incentives. The casino employed more than 3,000 workers.
Chinese Government Arrests 30,000 in Gambling Sting
Gambling has been officially outlawed in China since 1949. However, gambling and sports betting still remains wildly popular on the black market in China, where millions of Chinese are said to place wages every year.
The Chinese government is hoping to eliminate black market gambling in the near future. In fact, Chinese police recently arrested more than 30,000 people during a month-long gambling sting that took place in December of 2014. Moving forward, the Chinese government is also hoping to restrict Internet freedoms on the mainland, too.