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Ocean Resort Casino opens in Atlantic City, with eyes on sports betting

A view of the William Hill Sports Book Opening at Ocean Resort Casino on June 28, 2018 in Atlantic City, New Jersey.  The $400 million Ocean Resort Casino, which replaced the shuttered $2.4 billion Revel, is partnering with sportsbook operator William Hill to operate the sports-betting facility. On Thursday afternoon, actor Mark Wahlberg placed the first bet, putting his money on the Philadelphia Eagles for the 2019 Super Bowl. Joe Asher, CEO of the U.S. arm of William Hill, told CNBC’s Contessa Brewer that while he didn’t have any real expectations yet about what kind of return on investment the company will get, he expects the venture to be a big success. “We know that there’s an appetite for sports betting here in New Jersey,” Asher said on “ Power Lunch .” “It’s going to be a successful investment if we do our job well now and execute.” A view of the William Hill Sports Book Opening at Ocean Resort Casino on June 28, 2018 in Atlantic City, New Jersey.  In May, the U.S. Supreme Court ruled that states can legalize sports betting, breaking up Nevada’s monopoly. Two weeks ago, New Jersey Gov. Phil Murphy made the first legal sports wager at Monmouth Park Racetrack. William Hill operates the sports betting at Monmouth and also has the biggest sportsbook in Nevada. While many more will likely jump into the game, Asher said he’s not worried about competitors. “We faced really tough competition for years in Nevada.

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