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Atlantic City August 2015 Revenues Decline Again
Tuesday September 15,2015 : ATLANTIC CITY AUGUST REVENUES DECLINE AGAIN
The New Jersey Division of Gaming Enforcement has released statistics for August, showing that revenues in Atlantic City declined a further 5 percent year-on-year to $258.6 million (August 2014: $272.3 million).
However, the online gambling component delivered another increase at $12.2 million (August 2014: $10.5 million) up just over 16 percent.
Matthew Levinson, chairman of the state Casino Control Commission, noted that the numbers year to date perhaps paint a more promising picture. That data shows an overall increase of 3.2 percent among the eight remaining casinos.
But if the casinos shuttered last year are included, the overall y-o-y decline is sharper, down 15 percent from August 2014's $305 million, and the year-to-date decline then approaches 10 percent.
Drilling down into the online gambling numbers shows that casino action was up 22.9 percent year-on-year at $10.2 million (August 2014: $8.3 million) but online poker was down 12 percent at $1.98 million (August 2014: $2.25 million).
On month-by-month comparison with July 2015, August online casino revenues were almost 4 percent lower than the preceding month, but poker was up by 5 percent, and total revenues were sequentially 2.5 percent lower.
The Borgata-PartyPoker alliance continues to lead the New Jersey online market with an overall 30.1 percent share, still ahead of Tropicana on 22.8 percent, which is marginally in front compared to Caesars Interactive on 22.6 percent.
The Golden Nugget-Betfair combo sit at fourth with a reduced market share in August of 18.4 percent, and Resorts again improved to claim 6.1 percent as rumours of the imminent arrival of its partner Pokerstars rose.
Check out the full results here: http://www.nj.gov/oag/ge/docs/Financials/PressRel2015/August2015PressRelease.pdf
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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