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New Jersey January Online Gambling revenues Rise
Friday February 13,2015 : JANUARY REVENUES FROM ONLINE GAMBLING IN NEW JERSEY RISE
22 percent year-on-year improvement.
There was better news for online gambling operators in New Jersey this week when the January numbers were released by the Division for Gaming Enforcement, revealing a 22 percent year-on-year improvement in revenues to $11.6 million...an 8 percent rise on the preceding month.
Online poker rake and fees during January was also up 11 percent on the preceding month, although on a year-on-year basis it declined a very disappointing 33 percent.
Online casino action delivered $9.3 million in January - up 54 percent from the previous year and 8 percent from the previous month.
Borgata-Party Poker continued to lead in the online poker vertical, at $1.3 million it was $300,000 ahead of its sole rival, Caesars-888.
On the online casino front, Tropicana led the market with revenues of $2.6 million, following by Borgata-Party ($2.5 million); Golden Nugget-Betfair ($2.5 million); and Caesars-888 ($1.4 million).
On the land side of the Atlantic City business, the reduction in competition following four closures over the past year slowed the revenue attrition rate to just .2 percent year-on-year, with total win coming in at $186 million.
Revenue in January at the city's remaining eight casinos was up nearly 19 percent compared to a year ago.
Seven of the eight remaining land casinos posted improvement over last year, with Borgata continuing to dominate the market with a win of $57 million - nearly double that of second placed Harrah’s. Golden Nugget posted the largest percentage gain, up 50.8 percent over the year before.
Six of the eight Atlantic City casinos won at least 18 percent more in January 2015 than they did in January 2014.
The only loser was the Trump Taj Mahal, where gaming win was down 21.2 percent.
Matt Levinson, chairman of the New Jersey Casino Control Commission, said the numbers could indicate the worst is over.
"Seven out of them were up, and six reported double-digit increases," he said. "Even when you include the now-closed casinos in last year's results, the total gaming win is still up. While it is always risky to say we've turned a corner or that there is light at the end of the proverbial tunnel, let me say that January's results are very encouraging."
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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