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Atlantic City August 2016 Earnings
INTERNET GAMBLING REMAINS THE BRIGHT SPOT IN ATLANTIC CITYS AUGUST RESULTS
Online operations showed a 31.6 percent year-on-year improvement whilst land revenues declined 4.9 percent.
Online gambling continued to outperform land gambling in New Jersey during the month of August, delivering revenues up 31.6 percent year-on-year at $16.1 million vs. land casino win down 4.9 percent at $245.9 million.
Only two casinos - the Golden Nugget and Tropicana - posted monthly land gambing revenue gains in August. The biggest decline came at the Trump Taj Mahal, where unionised workers are on strike and the owner, Carl Icahn, has announced that the venue will close next month.
Matt Levinson, chairman of the New Jersey Casino Control Commission, noted that August in 2015 had two more weekend days than August this year.
"Everyone knows that weekends are the busiest time in Atlantic City, and August of 2015 had one more Saturday and one more Sunday than this year," he commented.
Online poker in August contributed less to overall online revenue, delivering just 13.5 percent of revenue vs. 16.2 percent in the same month back in 2015.
Online casino delivered more revenue in August 2016 than it did in August 2015 - 86.5 percent vs. 83.8 percent.
The Borgata-PartyPoker-Pala Interactive alliance led the online sector with 23.2 percent overall marketshare, followed by Golden Nugget/BetFair (21.6 percent), Caesar’s Interactive (19.4 percent), Resorts-Pokerstars (18 percent) and Tropicana (17.7 percent)
Stripping out the online poker performances, Pokerstars -Resorts continued to lead the sector with a marketshare of 39.8 percent, chased by Caesar’s WSOP - 888 on 32.2 percent and PartyPoker-Borgata on 28 percent.
Online poker revenue was up 9.6 percent compared with the same period last 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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