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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."
OPAP reports a strong 2014 performance -
Greek gambling monopoly OPAP has posted its annual results for 2014 showing that despite tough economic conditions in its home nation, it has managed to grow and improve.
Over 18 Online Jackpots Over 100k Hit This Month -
An Online gambling jackpot tracker site which uses proprietary software to monitor jackpot wins on most of the major online gambling platforms, reports as March draws to a close that it has been a fortunate period for at least 18 online punters who have hit jackpots in excess of $100,000.
EPT Malta main and high roller events conclude -
The inaugural European Poker Tour Malta ended this weekend, concluding a successful tournament on the Mediterranean island with a Euro 5,000 NL Hold 'em main event and an exciting Euro10,000 buy-in High Roller.
Is Nevada getting an Online Lottery -
Harvey Munford, a Nevada Assemblyman serving his last term of office, is making the introduction of an online lottery his last hurrah, submitting a proposal that this form of gambling be added to the list of games approved by the legislature for interstate agreements.
666Bet Director, Paul Bell, Arrested in 21 Million Fraud Case -
The UK Gambling Commission's recent suspension of online gambling company MetroPlay-666Bet's licence last week has been followed by the news that director of companies Paul Bell is being questioned by police in connection with an alleged £21 million fraud and money-laundering case.
PokerStars Makes Millionaires Promo -
Marketers at Pokerstars have come up with a eye-catching promo titled "PokerStars Makes Millionaires" this week, promising to create at least five online poker millionaires within the next two months.
Sen. Lindsey Graham is apparently ambivalent on state lottery sales -
South Carolina Republican Sen. Lindsey Graham, the man driving the Senate version of Sheldon Adelson's Restoration of America's Wire Act banning proposal, appears to be flexible on whether state online lottery sales are to be included in the prohibitions in his bill, currently at committee stage in both House and Senate.
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