City A.M. – Three UK gaming companies have been granted regulatory approval to operate online casinos in New Jersey, a gaming market that the state government said could be worth $1.2bn (£740m) a year. 888 Holdings, Bwin.Party and Betfair all began trading yesterday in the newly regulated state after the New Jersey Division of Gaming handed out seven licences for firms to offer online gaming. “There’s speculation that the momentum from online gaming in New Jersey will continue in California next year, Pennsylvania, Illinois and other states may follow as the scale of the opportunity becomes clearer,” Bwin.Party director of…