Reginal Thomas
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Wynn Resorts applies for Internet gambling license in NJ

Wynn Resorts LTD has filed for an application with the New Jersey gaming regulators for an internet gambling license. Wynn Resorts opertates casinos in Las Vegas and in China's Macau, but has yet to open a casino in New Jersey's Atlantic City. This licesne will open them up in that market. Analysts expect online gambling market will yield in New Jersey to generate $500 million to $1 billion yearly.