By SectorWire desk ·
The report said that New Jersey enacted Assembly Bill A5447 to prohibit paid-entry sweepstakes casinos using dual currencies. The operator coalition opposing the measure argued that it mischaracterised the industry and restricted technological development.
Affected sweepstakes platforms face fines for operating under the prohibited model.
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Paid-entry sweepstakes casino operators face daily civil penalties under New Jersey’s prohibition and expanded agency enforcement powers.
The settlement imposes a financial penalty on Caesars Sportsbook for responsible gambling violations in New Jersey.
Caesars’ settlement entails a fine and profit forfeiture following cited signage deficiencies and alleged self-exclusion failures.
Atlantic City casinos recorded their highest monthly gaming revenue since 2012.
The ruling leaves the petitioner’s lifetime self-exclusion in place despite objections concerning casinos outside New Jersey.
The launch adds a regulated casino brand using Caesars market access and White Hat technology.