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Huge Money For Atlantic City Internet Gambling

Tuesday April 16,2013 : Big money for Atlantic city Internet Gambling
 
Land casino owners can look forward to a bonanza from introducing online gambling operations
 
Atlantic City's land casinos can anticipate gross gambling yield of up to $262 million in the first full year of online gambling legalisation in New Jersey, reports the industry research and consultancy firm GamblingData.
 
Total GGY will rise to $462 million a year when the market reaches maturity, which GamblingData expects to occur in the fourth year of regulation.
 
If casinos are permitted to offer online casino games and poker, as expected, GamblingData estimates that online casino will account for between 50 percent and 60 percent of total GGY over a four-year period, with online poker accounting for the balance.
 
Online casino GGY is expected to ramp up steadily between years one and four. Online poker GGY, by contrast, is predicted to grow explosively in years one and two before cooling down in the subsequent two years.
 
“The disparate ramp-up rates we expect in online casino GGY and online poker GGY reflect what we’ve seen in data from the Italian online gaming market, which we used to inform our forecasts,” said Daniel Stone, an executive at GamblingData and the report’s lead author.
 
“While we expect Atlantic City casinos to steadily capture new online casino customers over the first four years of regulation, we believe the casinos will attract new online poker customers mainly in the first two years of regulation.”
 
A few well-known names are expected to vie for market supremacy. These include Caesars Entertainment and Boyd Gaming, which control leading gaming brands and large player databases, and which will fight for the lion’s share of total GGY.
 
Pokerstars could be the elephant in the room if its attempt at acquiring the Atlantic Club land casino is successful.
 
The GD report notes that New Jersey is in the vanguard of U.S. online gaming regulation, recently becoming the fourth state to legalise online gaming behind Delaware, Nevada and the U.S. Virgin Islands.
 
“Online gaming regulation has really begun to gain momentum at the state level, and I think we’re approaching the tipping point,” said the report’s co-author, Chris Krafcik.
 
Ten states are currently considering online gambling in one form or another, and Krafcik predicts that around 11 or 12 individual US states will be thinking about legalisation options by the time 2013 closes, a significant increase on the four that were discussing the possibility a year ago.
 
The New Jersey Online Gaming Data Forecasting report is the latest release from GamblingData’s forecasting project. It follows on from recent reports on the United Kingdom, Germany, Greece and Sweden.



Gambling News :

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

Iforium In Partnership With Booming Games - Iforium, the leading provider of casino aggregation software, are pleased to announce a new agreement with Booming Games

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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