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NJ Online Gambling Market Grows 9 Percent
Thursday March 13,2014 : NEW JERSEY ONLINE GAMBLING MARKET GROWS
But more slowly...with poker down 10 percent in February.
The New Jersey online gambling market grew 9 percent in February, albeit at a slower rate than the preceding month, and with a 10 percent drop in poker revenues, the New Jersey Division of Gaming Enforcement announced Wednesday.
The market is now in its third month of operation, with a quarter of a million online gambler registrations reported by the operators. Caesars Entertainment-888 (47 percent) and Bwin-Borgata (50 percent) continue to dominate in the new sector.
The Borgata-Bwin partnership won just over $4 million online in February, while Caesars Interactive won $3.3 million.
The Tropicana, with its self-titled and Virgin Casino brands, won $1.3 million online, whilst the Taj Mahal, with its Ultimate Casino brand, won $587,323; Trump Plaza and its Betfair online affiliate won $493,590, and the Golden Nugget won $460,121 online.
The Republic newspaper reports that the 16 Atlantic City online gambling sites posted a 28 percent gain in revenues in January 2014, to $9.5 million. In February 2014, the online sites won $10.3 million.
Brian Mattingly, CEO of 888 Holdings, said he was pleased with the continued growth thus far.
"We are delighted with the way it has started," he said. "All of us got into a good rhythm and started some good marketing. Overall, I'm delighted with where we're at."
Including their online gambling operations, Atlantic City's 11 land casinos overall gambling win continues to decline, down 1.4 percent y-o-y to $209.4 million in February. Online gambling activity helped to contain the decline at that level.
Keith Smith, CEO of Boyd Gaming, said: "We were particularly encouraged by the performance of Borgata's online casino site, which achieved month-over-month revenue growth of 36 percent, and more than 50 percent on a per-day basis. Looking ahead, we continue to see significant opportunities for future growth in New Jersey as we refine and enhance our online product."
So far for the year 2014, Atlantic City's casinos have won $385 million at land-based games, down 7.7 percent from the same period a year ago. Their online operations have won $19.7 million in the first two months of the year.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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