LeoVegas NJ was among the most anticipated new online casino arrivals in the Garden State for 2023. However, a letter released by the New Jersey Division of Gaming Enforcement on the 6th of December 2022 states that LeoVegas withdrew the application.
BetMGM bid $607 million to acquire LeoVegas on the 2nd of May 2022 to further expand its gaming services around the world. New Jersey was among the targeted markets, applying for a license with the New Jersey DGE later in May 2022.
Without an official press release, the reason for the withdrawal remains unknown. It’s possible that MGM Resorts would move LeoVegas to the Borgata license since the agreement with Caesars Casino is no longer valid.
Will LeoVegas Launch in New Jersey
BetMGM Resorts aimed to launch LeoVegas New Jersey within the first half of 2022, applying for a license soon after the bid was accepted by stakeholders.
The DGE ruling that reveals the withdrawal of the license also states that LeoVegas cannot apply for any registration, license, or other for one year from the date of the order. Since it was signed on 6 December 2022, it means LeoVegas will not launch in 2023 under MGM Resorts.
An application under the Borgata Hotel and Spa license is likely, which could result in LeoVegas making its debut in New Jersey next year.