Atlantic City online gaming shares up

Posted: Mar. 6th, 2013  |  By Michael Pearse

Our world as we know has become more and more accustomed to using the Internet for absolutely everything. Well now that is also true for online gambling or at least in New Jersey is. Atlantic City has begun to sell share to their future online gambling sites.

(Reuters) - The legalization of online gambling in New Jersey gave a boost to shares of Caesars Entertainment Corp and Boyd Gaming Corp, on expectations that this will revive business in Atlantic City, the second-biggest U.S. gaming destination.

The companies, which together account for more than 60 percent of Atlantic City's gaming revenue, would benefit from new gaming rules that give preference to existing New Jersey casino operators in issuing online gaming licenses.

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