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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."



Gambling News :

Is Poker Declining - The independent market research company SuperData has released statistics showing that social mobile and online poker as a standalone is in decline, and operators need to combine it with casino and other games to ensure audience retention and growth.

Fanduel hires 38 former Zynga employees - The majority of the 42 employees laid off in Orlando recently by social gaming developer Zynga have found a new home with the rising daily fantasy sports star Fanduel, which has taken on 38 of them in opening its new Orlando office.

Churchill Downs Preparing for California Online Poker - Several media reports, quoting informed sources, report that racetrack company Churchill Downs will soon announce a partnership deal with Californian cardroom Oceans 11, and possibly the Crystal land casino, as part of its preparations to compete in a legalised and regulated online poker market that could emerge in California.

Legendz online sports betting Defendents Found Guilty - The break up of the Legendz online sports betting ring last year had another sequel in an Oklahoma federal court this week when three men were found guilty on racketeering conspiracy, conducting an illegal gambling business and money laundering conspiracy charges.

New mobile results app for live Keno - ThreeFiftyNine, Inc., a subsidiary of Canadian transaction management and mobile publishing company, Consorteum Holdings, has announced that following a development project with XpertX, Inc., it has completed work on a new mobile results app for live Keno.

GeoComply Debunks Claims that it is not effective in intrastate online gambling situations - The ill-informed claims last week by Lyle Beckwith of the National Association of Convenience Stores that geo-location is not effective in intrastate online gambling situations has been debunked by Anna Sainsbury, chief executive officer of GeoComply.

Sheldon Adelson's bid to have a court action heard in Macau defeated - Las Vegas Sands owner Sheldon Adelson's bid to have a court action heard in Macau rather than in the United States was defeated Friday when US federal Judge Elizabeth Gonzalez ruled that the full case could be heard in the Nevada.

Frederik Burvall Confirmed CEO Of Cherry - Cherry made some management changes in December 2014 and the combination of strengthening our Malta organization and Fredrik’s experience will result in a group management that will help Cherry to reach profitability with continued strong growth.

Rank plc Earnings Report - Digital operations continued to make a strong contribution to the performance of the online and land gambling group Rank plc in the first five months of 2015, the company said in an interim management statement Thursday.

WPTpoker Closing - In line with ongoing company strategy a decision has been made to close down www.wptpoker.com. The closure is planned to happen on the 3rd of June 2015. After which, for up to 3 months, players will still be able to login to their accounts to request any withdrawals.

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