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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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Gambling News :

PaddyPower Donald Trump Ad - #trump The marketers at Paddy Power are up to their controversial guerrilla marketing tricks again, announcing Thursday that their next target to get the publics attention is US presidential contender Donald Trump and the size of his private bits.

New DFS Bill For New York - #dfs Reporting on the bills, the New York Daily News said their passage will allow DFS market leaders FanDuel and DraftKings, along with other daily fantasy sports sites, to return to New York after they exited following "cease and desist" letters from the AG earlier this year.

Pariplay Moves Offices to Gibraltar - The Gibraltar licence enables the technology company to join group of gambling operations with a presence in the British overseas territory located on the southern Iberian Peninsula.

NETENT SECURES ROMANIAN LICENSING - Swedish online gambling software developer NetEnt has revealed in a stock exchange announcement today (Friday) that it has obtained class two licenses from the National Gambling Office in Romania.

$13 Million NY SportsBetting Ring Busted - #nydn The New York Daily News reports that six local men were arrested Thursday for conducting an online gambling operation that prosecutors claim generated over $13 million between September 2015 and this week through a Costa Rica-based site identified as Stakestake.com.

Quebec ISP To block gambling websites - Apparently disregarding repeated warnings regarding interference with the internet from legal and other experts, Quebec provincial lawmakers this week voted for Bill 74, a law that obliges Internet Service Providers in the province to block gambling websites.

South Africa Rejects Online Gambling - It appears that the South African governments anti-online casino gambling stance is now firmly entrenched after over a decade of indecision and repeated enquiries and commissions.

Curacao criticisms by two Dutch MPs - The #Dutch Minister for Kingdom Relations, Ronald Plasterk, appears to have been stung into a response by the national media coverage achieved this week on Curacao criticisms by two Dutch MPs

MadBookie Issues - Anti-gambling groups in Australia have slammed local online bookmaker MadBookie for its partnership with a dozen local sports club in which the company pays 25 percent of its club players losses to the clubs.

Bovada Bitcoin $3,000 Prize Pool Promotion - #bitcoin #litecoin For a limited time, Bovada is offering one of three $1,000 cash prizes just for making a Bitcoin deposit.

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