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April 2016 Revenues up in Atlantic City
Thursday May 12,2016 : APRIL REVENUES UP IN ATLANTIC CITY
Online casino performance the best yet.
The New Jersey Casino Control Commission chairman Matt Levinson had good news Thursday, announcing that Atlantic City revenues (including the online contribution) were up 8.1 percent year-on-year to $215 million in April 2016.
Taking out online returns, the increase was still 6.3 percent.
Online casinos did especially well, delivering revenues of $14.3 million for a new monthly record, besting the previous record in March 2016 of $13 million.
Levinson described the results as heartening, adding:
“Part of the increase is the result of casinos doing a better job of attracting new customers in a challenging business environment.”
In total revenue terms, Borgata topped the list, up 4.2 percent at $60 million, followed by:
Harrah’s – down 1.1 percent at $29.1 million
Tropicana – up 9.5 percent at $27.7 million
Caesars – up 9.7 percent at $24.7 million
Golden Nugget – up 13.3 percent at $20 million
Bally’s – up 12.2 percent at $18.1 million
Trump Taj Mahal – down 4 percent at $15 million
Resorts – up 14 percent at $13.9 million
Breaking out the online contributions:
Borgata $4 million
Resorts Digital - Pokerstars $3.5 million
Golden Nugget $3.3 million
Caesars $3.2 million
Tropicana $3.1 million
Total online revenue was $17 million, up almost 34 percent year-on-year from the same month last year, achieving a new record and continuing a three month run of very positive numbers.
Observers who have been monitoring the impact of Pokerstars on the New Jersey online market noted that this was the first full month of operations, and it pushed online poker revenue up by 30.4 percent year-on-year.
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Opap in memorandum of understanding With Inspired -
Virtual sports provider Inspired has entered into a memorandum of understanding (MOU) with Greek betting and lottery operator OPAP for the supply of its full suite of virtual sports, for integration online and across OPAP's retail network.
DeltaCorp To Acquire ace2three -
Our readers will recall Delta Corp. acquired a 26 percent stake in Gaussian Networks, parent company of India’s largest online poker operator Adda52 earlier this month
More Australian POC Taxes -
In an interview with The Australian, Tabcorp chief executive offer David Attenborough warned “global rivals” of his belief that other Australian states are moving fast to follow South Australia’s lead in implementing a point of consumption tax.
William Hill Exits Russia -
"Starting from September 23 William Hill Casino Club will terminate its activities in the Russian territory for legislatory reasons. All active customer accounts will be suspended," the advisory reportedly detailed.
Pennsylvania Online Gambling Hearing Postponed till October -
HR 2150, which includes DFS and e-gaming elements, was passed as part of the critical state budget bill by the House in June this year, with lawmakers expecting the bill to contribute $100 million annually in licensing and fees to help balance the state budget.
Two Mega Fortune Dreams Jackpots Hit -
Both Swedish players, the first lucky punter hit a GBP 100,000 jackpot playing on his mobile phone, while the second, identified as Martin, staked just 18p before netting a GBP 60,000 jackpot on the popular series thinking he was playing in demo-mode.
ASA Looking at Ladbrokes and Netbet ads -
A TV ad for Cosmo Gaming’s NetBet online casino was determined by the UK Advertising Standards Authority (ASA) as glamorising online gambling following a single complaint.
Betconstruct In Deal With Realistic Games -
BetConstruct has agreed a deal in which it will integrate a range of Realistic Games online table and slot content including blackjack, roulette and slot titles Super Graphics Upside Down, The Fruit Factory and Fireworks.
XLMedia Half 1 2016 Earnings Report -
Online gambling marketing company XLMedia, which operates websites driving players to online casino operators, delivered robust interim results for the first half of 2016, attributing its success to investment in technology.
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