Bad news for New Jersey Gamers as Ultimate Gaming packs its bags and leaves the state’s online gaming scene. To whom do they credit their departure? None other than Donald Trump himself. The company claims to have been owed $1.5 million by the Trump Taj Mahal Casino Resort parent company and have been waiting for more than two months.
Though Marc Falcone, the senior vice president of Ultimate, says that the decision was regretful, it would seem necessary from Ultimate’s viewpoint. Falcone has stated that they’re not sure whether or not the departure from N.J. would be permanent, but a decision should be made soon.
Ultimate has not been doing well in the polls, unfortunately, having ranked last in New Jersey’s Internet gambling operations at last check, and taking in only $4.9 million compared to Borgata’s $30 million in 2014 alone. Trump Entertainment Resorts has yet to comment but is threatening to shutter the Taj Mahal unless it can settle things with its union.
New Jersey online gambling has only been legal for about a year, but so far the industry has failed to generate the income that N.J. officials had been hoping for. In total, the industry brought less than $87 million to the state this year, about one-tenth what had been initially predicted.
The question remains as to whether this will signal a mass exodus or whether Borgata will lead a revolution that puts New Jersey at the forefront of the online gaming scene (or at least makes them a serious contender). Unfortunately for some, fortunately for others, online gaming is an international market, and thus far, New Jersey has, with some notable exceptions, simply failed to keep up.