NJ to fine sports books asking players to cancel withdrawals
By WAYNE PARRYJanuary 15, 2021 GMT
ATLANTIC CITY, N.J. (AP) New Jersey’s top gambling regulator is threatening to fine sports books operating in his state that ask customers to cancel requests to cash out money from their accounts, saying the practice is ongoing and “unacceptable.”
In some cases, sports books have offered to give players cash bonuses if they cancel withdrawal requests, according to David Rebuck, director of the New Jersey Division of Gaming Enforcement.
In a letter posted Wednesday to the division’s website, Rebuck did not name the sports books who have engaged in this practice, nor did he say how many complaints the division has received of such activity.
NJ to fine sports books asking players to cancel withdr
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A record year for NJ sports betting; casinos, not so mu
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ATLANTIC CITY - The casino industry here had reason for optimism heading into 2020.
Total gaming revenue was up 19.5 percent in 2019 compared to the prior year. Trends were pointing a similar direction going into March when COVID-19 hit. Before the pandemic, Atlantic City casinos posted an impressive 21 consecutive months of revenue growth, Steve Callender, president of the Casino Association of New Jersey, said. . New Jersey’s sportsbooks surpassed Nevada’s for the first time. We continue to see tremendous growth in online gaming and sports betting, with New Jersey gamblers wagering nearly $1 billion in December 2020 alone.
Atlantic City s casinos endured among the longest wait of any industry before being permitted to reopen in July with indoor dining and alcohol consumption bans in place, and live entertainment on hold.