Wynn Interactive Pull Interest in the New Jersey Online Gambling Market

Wynn Interactive has withdrawn their interest in obtaining an online gambling license, in the state of New Jersey; a move that has been approved by the Division of Gaming Enforcement.

Steve Wynn will not be pestering the life out of people in the back of New Jersey taxi cabs, after Wynn Interactive, a subsidiary of Wynn Resorts, withdrew their application for an online gambling license in the state.

In a way it’s a news story about nothing. Wynn hasn’t owned Atlantic City brick and mortar since the launch of Tetris. In 1980, Wynn built The Golden Nugget – on the grave of The Strand Motel – and turned it into the most profitable casino on the boardwalk. He later sold it to Bally’s in 1987 for $440m. It would eventually find the name Atlantic Club Casino and was shut down in January of last year.

Without a land-based casino in Atlantic City, Wynn had no choice but to find a suitable tag team partner. That turned out to be Caesars Entertainment Corporation, but then the honeymoon turned sour before anyone had even gotten to first base.