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Atlantic City Online Casinos Doing Great
Sunday August 28,2016 : ONLINE OPERATIONS ARE OUTSHINING LAND RESULTS IN ATLANTIC CITY
An interesting perspective on performances by market analyst.
Using numbers from the New Jersey Division of Gaming Enforcement, a Press of Atlantic City op-ed piece over the weekend concluded that at 31.7 percent the year-on-year rise of Atlantic City online gambling win in H1-2016 eclipsed the 0.6 percent delivered by land casinos in the same market, and probably did so at a cheaper operating cost.
"Admittedly, the significant increase in online gaming win was on a much smaller base, approximately $72 million in the first six months of 2015 vs. nearly $95 million this year. But it amounted to a net increase of almost $23 million in new revenue while the onsite [land] gaming win was only about $7.3 million more in 2016 compared to the same period last year," the author, market analyst Anthony Marino, notes.
Total casino revenues from all sources, including third party sales, increased from $1,750,124,000 in the first six months of 2015 to $1,776,095 this year, an increase of approximately $26 million, or 1.5 percent over last year.
"Thus, the nearly $23 million contribution from online gaming was the primary driver of new casino revenues so far in 2016," Marino claimed, additionally pointing out that state government taxes harvested from online gaming win are, at 15 percent, considerably higher than the 8 percent rate that land casinos pay.
Marino claimed online gaming has certainly helped the bottom line of those land operators who embraced the vertical, but his next suggestion is unlikely to resonate with online industry supporters...
"Perhaps, with online gaming racking up double digit increases monthly and its ability to reduce costs and boost profits, the Legislature should consider raising the online gaming tax rate to 25 or 30 percent and the onsite rate to 20 percent in Atlantic City. Then voters would have the choice to raise more state revenues for senior citizen programs from the existing online and onsite casinos based here in South Jersey rather than from new ones up north."
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
Huge Win at Bitstarz Casino -
There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.
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