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In New Jersey Borgata and PartyPoker are still leading the online gambling market

Friday January 16,2015 :  BREAKDOWN OF LATEST NEW JERSEY ONLINE GAMBLING RESULTS
 
December stats show Borgata and PartyPoker are still leading the online gambling market.
 
December figures released Wednesday by the New Jersey Division of Gaming Enforcement show that online gambling revenues continue to provide a useful component in overall Atlantic City gambling numbers  and were in fact up 22.8 percent on the same period last year at $10.7 million (December 2013: $7.4 million).
 
It has to be noted, however, that legalised online gambling in the Garden State in December 2013 had only been introduced the month previous.
 
Compared with the record lows experienced in November 2014, December was better for internet gambling companies, delivering a 22.8 percent monthly improvement.
 
On the land casino side, December was another disappointing month for operators with gambling win at $190.5 million down on December 2013, when the casinos delivered $214.5 million - an 11.2 percent decline.
 
Drilling down into the online gambling statistics, it appears that December poker revenues were up on the previous month ($206 million vs. 1.87 million in November 2014), with online casino gaming revenues soaring 26.5 percent to $8.68 million compared with November 2014.
 
The market leading partnership PartyPoker-Borgata continued to rule the internet gambling roost in December with a 33.6 percent market share, chased as usual by Caesars Interactive Entertainment-888, which captured 24.5 percent of the market.
 
Tropicana - which offers only casino action on its website - claimed 21.6 percent of the overall online gambling market, whilst the Golden Nugget-Betfair combo managed to hold on to 20.3 percent.
 
The Borgata-PartyPoker team's lead was a little less pronounced in terms of the online poker segment, extending to 53.9 percent market share compared with Caesars-888's 46.1 percent.
 
Year-on-year, internet poker at $2.06 million in December showed a decline of 28.4 percent compared with the same period a year ago.
 
Online casino performed far better y-o-y, recording revenues of $8.7 million in December 2014 for a 93 percent increase when compared with December 2013.
 
Accoring to the New Jersey regulator, 506,172 online gambling accountys have been opened in the state over the year, with the number of active players estimated at about 84,362.

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Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

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ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

SOUTH KOREANS BUSTED IN THAILAND ON ONLINE GAMBLING CHARGES - Those detained were named as Jeong Kyujin (35), Han Kyoreh (26), Choi Sung Ming (35) and Bae Jeonghwan (26), all of whom claimed that they had bene hired by a Korean man to operate online gambling sites.

China Lottery Sales Up in 2016 - The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).

New chairman and a new director for 500.com - Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.

Russian betting Sites to face rise in tax rates - Online bookies also pay a 1 percent commission on each transaction through the TSUPIS, and face levies at 5 percent of GGR to assist Russian sports federations.

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