{"id":84124,"date":"2018-07-18T10:00:26","date_gmt":"2018-07-18T17:00:26","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=84124"},"modified":"2018-07-18T09:15:57","modified_gmt":"2018-07-18T16:15:57","slug":"ocean-resort-enters-new-jersey-real-money-online-gaming-market","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/","title":{"rendered":"Ocean Resort Enters New Jersey Real-Money Online Gaming Market with GAN"},"content":{"rendered":"

New Atlantic City casino Ocean Resort, formerly Revel, joined New Jersey\u2019s online gaming market this week with the full launch of OceanOnlineCasino.com. The site, which had been in soft-launch phase since last Wednesday was given clearance for take off by the New Jersey Division of Gaming Enforcement on Sunday.<\/p>\n

\"Ocean
Ocean Resort joins the online casino market, while inking a deal with SportAD to offer its FastFantasy DFS platform. Online sports betting will be next, with New Jersey regulators expected to start authorizing it imminently. (Image: AC Ocean Walk LLC)<\/figcaption><\/figure>\n

It becomes New Jersey\u2019s 27th<\/sup> licensed internet gaming site, while Ocean is the eighth land-based operator to participate in the market.<\/p>\n

The launch comes less than three weeks after Ocean Resort opened its doors to the public — the first time a casino has operated on the site since the closure of the financially stricken Revel in early 2014.<\/p>\n

The new owner, Colorado property developer Bruce Deifik<\/a>, spent $200 million renovating property, while figuring out where Revel went wrong. The latter cost $2.4 billion to build but failed to turn a profit during its two years of operation.<\/p>\n

New Demographics<\/strong><\/h2>\n

Defik will, at least, have two revenue streams that were not available to his predecessor, sports betting and online gaming.<\/p>\n

Dermot Smurfit, CEO of GAN, which is Ocean\u2019s technology partner, told the Associated Press<\/em> this week he expected the website to generate an extra 10 to 15 percent in revenue for the casino, which will reach a different demographic.<\/p>\n

Internet casino players are known to be largely a new customer demographic, when compared against typical casino patrons who frequent Atlantic City, skewing younger and more gender neutral versus the typical 50-years-plus gambling enthusiast found inside a typical casino,\u201d he said.<\/p><\/blockquote>\n

Nevertheless, visitors to the land-based casino who are registered for its loyalty program will be able to use reward points earned at the property to gamble online.<\/p>\n

FastFantasy Deal<\/strong><\/h2>\n

After a slow start, New Jersey\u2019s online gaming market has gone from strength to strength in recent years. In 2017, it generated $245 million in gross gaming revenue, an increase of 25 percent from the previous year.<\/p>\n

New Jersey is expected to begin authorizing online sports betting imminently and Ocean Resort has a deal in with GAN to provide a digital sports book.<\/p>\n

But in the meantime, Ocean announced on Tuesday it had signed a deal with Washington DC-based SportAD to offer its \u201cFastFantasy\u201d platform, which contains elements of sports betting and daily fantasy sports.<\/p>\n

Ocean Resort opened on the same day as the Hard Rock Atlantic City<\/a>, formerly the Trump Taj Mahal, on June 27. The Hard Rock beat its rival into the online gaming market, soft-launching its real-money casino site a day later.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Atlantic City casino Ocean Resort, formerly Revel, joined New Jersey\u2019s online gaming market this week with the full launch of OceanOnlineCasino.com. The site, which had been in soft-launch phase since last Wednesday was given clearance for take off by the New Jersey Division of Gaming Enforcement on Sunday. It becomes New Jersey\u2019s 27th licensed […]<\/p>\n","protected":false},"author":36,"featured_media":84127,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19,18],"tags":[],"acf":[],"yoast_head":"\nOcean Resort Enters New Jersey Real-Money Online Gaming Market<\/title>\n<meta name=\"description\" content=\"Ocean Resort in Atlantic City has joined the New Jersey online gaming market with its new online casino OceanOnlineCasino.com, powered by UK software provider GAN.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ocean Resort Enters New Jersey Real-Money Online Gaming Market\" \/>\n<meta property=\"og:description\" content=\"Ocean Resort in Atlantic City has joined the New Jersey online gaming market with its new online casino OceanOnlineCasino.com, powered by UK software provider GAN.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-18T17:00:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-07-18T16:15:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/07\/ocean.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/\",\"url\":\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/\",\"name\":\"Ocean Resort Enters New Jersey Real-Money Online Gaming Market\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/07\/ocean.jpg\",\"datePublished\":\"2018-07-18T17:00:26+00:00\",\"dateModified\":\"2018-07-18T16:15:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Ocean Resort in Atlantic City has joined the New Jersey online gaming market with its new online casino OceanOnlineCasino.com, powered by UK software provider GAN.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ocean-resort-enters-new-jersey-real-money-online-gaming-market\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/07\/ocean.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/07\/ocean.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Ocean Resort joins the online casino market, while inking a deal with SportAD to offer its FastFantasy DFS platform. 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