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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."
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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