"Gamblers would have to register at an Atlantic City casino to participate in the legal online waging, and could then wager from their homes or any online site they choose, with points and comps serving as an incentive for gamblers to physically return to Atlantic City."

IMO, I don't think he would want to get involved in a mega-casino, but take over a small one in trouble (pick one) and make his $$ on fees and benefits from the on-line gaming.