Eldorado Resorts, Inc. made an appalling move one day after acquiring Tropicana Entertainment, as well as the Atlantic City Resort. Various sources confirm that Eldorado fired the staff members responsible for running the New Jersey online casino operations for Tropicana.
It’s unexpected—especially since the online casino, which generates roughly $3 million per month, would close, just like that. The logic behind such a move rests on the fact that Gamesys operates the online casino for Tropicana. Since Gamesys already runs the Virgin online casino under Tropicana’s license, the same applies to the Eldorado situation. Based on this, it’s highly probable that the in-house staff is a cost surplus.
It remains unclear what happens next. Experts, anticipating the big transition to the online casino industry, observed as Eldorado entered both New Jersey and Pennsylvania. Also, Eldorado purchased Lucky Lady Nemacolin, PA, casinos. With an already established New Jersey market and an up-and-coming Pennsylvania market, Eldorado’s move seems even more confusing.
The fate of Eldorado, as well as Tropicana, remains unknown. The only thing confirmed is that Eldorado wants to enter sports betting.
The situation found Tropicana in a tough spot since it wasn’t part of the initial online sports betting explosion. Tropicana was building a retail sportsbook when Eldorado and William Hill formed a partnership. The duo offered sports betting at its properties.
What happens to the Tropicana, and whether it will continue with the online sportsbook, is up to fate now. Life is a gamble, and that surely applies to NJ online sports betting providers.
