Atlantic CityÂ's Borgata Hotel Casino & Spa is planning to be the first casino in the State to offer gamers online gambling, executives for the casinoÂ's parent company have announced this week.

Keith Smith, president and chief executive officer of Boyd Gaming Corp said that "quickly introduce online wagering once New Jersey officials finish the regulations," according to reports from Press of Atlantic. No particular dates were given in terms of a launch date, but regulators in New Jersey believe the online gambling market will be open by late November this year.

Smith continued: Â"We intend to be among the first to offer online gambling in the state of New Jersey and are confident the Borgata brand will allow us to capture a substantial share of this lucrative market.Â"

Â"New Jersey and Nevada are now laying the regulatory groundwork for online gaming, and other states are considering legalization as well" he said.

There is speculation that Borgata would affiliate with bwin.party digital entertainment, who already have links with the casinoÂ's parent company, to deliver the online poker package.

The gambling industry in New Jersey could be worth up to $1.2 billion in its first full year, with state tax revenues totalling $180 million according to State treasurer Andrew Sidamon-Eristoff.