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Caesars Says Online Gambling Not Hurting Land Gambling

Wednesday April 9,2014 :  ONLINE GAMBLING NOT TAKING BUSINESS AWAY FROM LAND CASINOS, SAYS CAESARS.
 
Survey confirms other empirical evidence that cannibalisation is not taking place.
 
Fears among land gambling operators that online gambling represents a threat to their businesses have again been shown to be groundless following a recent Caesars Entertainment study of its online gamblers in the nascent New Jersey market.
 
Designed primarily to establish from which cities and towns gamblers were accessing the online services, the study also showed that most gamblers were not being 'stolen' from land-based casinos, and are not the same clientele who frequent the traditional casino resorts.
 
Caesars spokesman Seth Palansky told the Press of Atlantic City Tuesday that the company does not believe gamblers logging on to the online sites are staying home to have a flutter instead of traveling to Atlantic City.
 
“We’re finding very similar patterns as other companies. The people online are people that haven’t visited us in a while or are new players altogether,” Palansky said. “We’re not seeing cannibalization.”
 
His conclusions have previously been reached by other prominent land gambling executives, most recently from the Borgata, which found that 85 percent of its online players have not had rated play at the land casino in two years

The Press of Atlantic City recalls that earlier this year the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Richard Stockton College conducted a poll that showed that 2.5 percent of New Jersey online gamblers have gone online to gamble since the practice became legal in November. Seven percent said they intend to gamble online in the coming year.
 
In the Caesars study many online gamblers are accessing the websites from locations that are just an hour's drive from the land operations, but they are not the same clientele who usually visit the land casinos.
 
Toms River in Ocean County has the largest number of online gamblers logging in to Caesars Interactive Entertainment's websites, with Jersey City, Cherry Hill in Camden County, Brick in Ocean County and Hoboken close behind.
 
“What’s interesting is there was no extra attention paid to any of these markets,” Palansky said. “This is only our first 100 days in the market. We really need year over year [statistics] to get reliable enough data to take advantage of this more."



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Bet365 owners now worth GBP2.35 billion - The latest UK Sunday Times Rich List has revealed that father and daughter Peter and Denise Coates, owners of the Bet365 online casino and sports betting group, have almost doubled the family fortune, growing it GBP 1.15 billion to GBP 2.35 billion - an increase of 96 percent.

Churchill Downs Pleased With 900$ million Purchase of Big Fish Games - Churchill Downs, the Kentucky racing group that has moved with the times to offer internet betting services and social gaming action, is reportedly pleased with the performance of its $900 million social casino acquisition Big Fish Games.

Hearings aplenty on internet gambling In Pennsylvania This Week - Pennsylvania Representative John Payne's Gaming Oversight Committee has a busy week ahead, with hearings in the legislature and out at two land casinos, where it will consider measures to help land casinos meet the challenges from neighbouring states, and discuss the legalisation of online gambling.

Macau In Danger Of slipping into recession - If the fading gambling revenues being experienced at present persist, the Chinese gambling enclave of Macau could be headed for its biggest recession in 33 years, researchers at the University of Macau predict.

Games Marketing Partners With Realistic Games - Table games specialist Games Marketing has licensed two of the world’s top side bets to UK online gambling software developer Realistic Games.

Playtech has released its Q1-2015 results - Online gambling software provider Playtech has released its Q1-2015 results, reporting further strong growth in all verticals, with the exception of online poker.

Dragon Egg and Wild Blooms Slots Launch - Dragon Egg, developed by the company’s Tel Aviv development team is a 4×6 reel grid game features a guaranteed stack on each spin that multiplies 2x or 3x.

3 New Slots For OpenWager - Players are invited to join Chef Pierre in the kitchen in “Cake Off”, frolic in the Spring-themed “Blooming Garden” and indulge in Easter treats in “Egg-tastic”.

Top of the Shop Bingo Launched - It’s a 90-ball bingo variant featuring classic caller catchphrases on a deck of playing cards, that also offers additional opportunities by way of the inclusion of double bubble and bullseye features.

EveryMatrix named Doina Stefanescu as its new Chief Operations Officer - iGaming solutions provider EveryMatrix named Doina Stefanescu as its new Chief Operations Officer, succeeding Jan Ridenfeldt who was appointed managing director of NYX Gaming Group Sweden.

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