Ocean Casino Resort is making some big waves in Atlantic City.
Ocean Casino Resort announced Wednesday it will begin March construction of a new $4 million venue that will blend a bar, lounge and gaming experience with sports wagering. The move is welcome news for the machine that is New Jersey sports betting.
This news follows the casino’s April announcement of a $15 million casino floor redesign.
The new venue is scheduled to begin this summer, pending regulatory approval from state regulators, in partnership with USBookmaking, a subsidiary of Elys Game Technology.
“As Ocean continues to strengthen its position within Atlantic City, we are steadfastly dedicated to property growth and development,” Bill Callahan, the interim chief executive officer for Ocean Casino Resort, said in a news release.
“We are excited by the new venue’s central location and the ability to advance our product with an innovative experience for our guests to enjoy. Partnering with USBookmaking allows us to capitalize on their expertise to bolster our land-based wagering product.”
More information on the product will be announced later this year.
Also, you can find great information about online casinos in New Jersey with our helpful guide.
Continuous Renovation at Ocean
Last October, Ocean announced that it would reinvest more than $75 million over the next year, for myriad enhancements, led by the addition of more than 460 guest rooms and suites.
Ocean also has made investments into the North Beach community, where the casino is located in Atlantic City.
The April announcement included the debut of The Cove, a high limit slot area that covers 7,450 square feet and has more than 140 slot machines, and The Loft, which is 2,000 square feet and features a live table games luxury gaming suite located on the 44th floor.
There also are 250 new slot machines and new pathways installed throughout the main casino so you can easily navigate between games.
Early Signs Say N.J. Still Thriving
Moves such as this addition by Ocean Casino will only help New Jersey remain near record-setting levels in sports betting, even after New York has entered the mobile marketplace.
Turns out, the Garden State appears to be holding its own after the first two weekends of New York mobile wagering. Fears of a mass exodus from the state by New Yorkers has not really occurred.
Take a look at these findings from GeoComply, a geolocation company based in Vancouver.
Only 9.3% of New Yorkers that were tracked during the first two weekends have placed bets previously in New Jersey. The state also averaged 12.6 million geolocation transactions the two weekends before New York’s launch and posted 13.1 million the two weekends since its neighbor’s launch.
Lindsay Slader, the managing director of gaming at GeoComply, took note of the data on New Jersey.
“New York hasn’t failed to dazzle us, but we are also impressed by the sustained growth of the overall sports betting industry,” Slader said. “We can’t wait to share how many more GeoComply data records are broken from now through the Super Bowl.”
The Super Bowl will be played Feb. 13 at SoFi Stadium in Inglewood, Calif.
