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New Jersey Online Gambling Revenues Decline
Thursday May 15,2014 : NEW JERSEY ONLINE GAMBLING MARKET SLOWS
April stats show the first decline for the nascent market.
The latest online gambling performance stats released by the New Jersey Division of Gaming Enforcement make for disappointing reading, indicating that the nascent market suffered its first decline in April 2014 after just five months of operational activity.
At $11.4 million, April's numbers were $500,000 down on the preceding month, with poker suffering especially through a 20 percent month-on-month decline to $2.6 million. That was offset to some extent by an increase in online casino revenue, which was up $200,000 at $8.8 million.
Still, the weak performance is not encouraging, coming as it does in a month where operators have commenced significantly beefing up their marketing efforts.
In April Borgata's websites again led the New Jersey online market with revenues of $4.1 million, mainly from online casino activity, which contributed $2.7 million. In line with the rest of the market that represented a drop from overall revenues in March, which reached $4.4 million.
Caesars Interactive continued to chase the market leader, reporting revenues of $3.05 million, $1.9 million of which came from online casino operations, whilst in third place Tropicana posted $2.15 million in revenues - an improvement from the $1.9 million recorded in March.
The regulator reports that total player registrations were up 10.6 percent in April to reach 322,000 since the market legalised last November. That also represents an almost 7 percent drop in the player growth reported for March.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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