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New Jersey Online Casino Revenues Grow 15.2 Percent
Tuesday April 15,2014 : ENCOURAGING GROWTH IN NEW JERSEY ONLINE GAMBLING SECTOR
Land casinos continue to languish, but online operations revenues grow 15.2 percent.
March statistics from the New Jersey Division of Gaming Enforcement show that whilst land casino revenues continue to decline in Atlantic City, the nascent online sector grew 15.2 percent to its highest revenue levels yet.
The gambling enclave's casino operators reported online and mobile gaming win of $11.9 million in March, a 15.2 percent increase compared to the $10.3 million in February, and a continuation of a trend that has seen revenues headed upwards since the games launched in November last year.
$3.2 million of the revenues came from online poker, which remained largely flat in performance; online casino came in at $8.6 million - up on February 2014's $7.2 million.
The Borgata continued to be the online gambling leader in New Jersey, generating around a third of all business at $4.39 million, with Caesars chasing on $3.7 million.
Eilers Research posted an assessment noting that the New Jersey market is on track to reach revenues of around $142.5 million this year, considerably lower than political estimates published last year, but growing.
The New Jersey regulator reports that by the end of March, the number of online gambling players who have registered with New Jersey operators had reached 292,000, another indicator of continuing growth.
The land casino sector's numbers for March showed an overall 2.2 percent decline compared with the same period last year, reaching $233.4 million (2013 March: $238.5 million). The overall numbers include online gambling, indicating that the decline could have been marginally worse but for the internet contribution.
The Associated Press news agency reports that Atlantic City's 11 brick-and-mortar casinos [without the internet component added] won $221 million in March - down 7 percent from March 2013.
Last [February] month the Atlantic City year-on-year decline was a modest 1.4 percent .
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
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.
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