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Atlantic City Casinos Revenue November 2015

Tuesday December 15,2015 : LITTLE PROGESS FOR ATLANTIC CITY REVENUES IN NOVEMBER
 
Win up by just 1 percent and could have been worse but for internet revenue boost.
 
Figures released Monday by the New Jersey Division of Gaming Enforcement show that Atlantic City casino win was $204.3 million in November, a disappointing year-on-year increase of 0.9 percent that could have seen a decline if it were not for revenues generated by the internet gambling operations of the casino companies.
 
The eight remaining operators continued to struggle as state lawmakers pondered proposals for a state-wide referendum to help decide whether to expand New Jersey gambling beyond the boundaries of Atlantic City
 
Brick-and-mortar win was down 1.4 percent, but that was offset by an increase of more than 51 percent in online gambling revenue, the regulator reported.
 
Internet gambling brought in $13.2 million in November, compared with $8.7 million in November 2014.
 
Matt Levinson, chairman of the New Jersey Casino Control Commission, acknowledged that “a healthy increase in Internet gambling” had turned a potentially negative month into one that was positive, albeit only marginally.
 
Borgata retained the top spot in the online sector with $4.1 million from internet operations; whilst Tropicana unseated Caesars Interactive in second place, reporting $2.9 million. That was made more remarkable by a solid Caesars Interactive performance which saw an outstanding year-on-year improvement of 147 percent to $2.7 million.
 
Golden Nugget took the fourth spot on $2.2 million, whilst Resorts Digital (partnered by NYX and, soon, Pokerstars) continued to ramp up at $1.2 million.
 
Overall, the Atlantic City casinos have won $2.37 million so far this year - a worrying 7.1 percent decline from the same period last year.

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Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

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WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

Stephen Conroy appointed head of new responsible gambling grou - Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.

SquwaKa To Enter sports betting sector - Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.

Softswiss in game deal with Booming Games - Platform and white label provider SoftSwiss has launched a portfolio of 50 plus Booming Games titles following a partnership deal announced this week.

RaceBets Acquired by Betsson - Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.

Playtech buys back 780,000 shares - Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.

Cash In Roulette - The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.

EveryMatrix in game deal with Endorphina - #EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.

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