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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 :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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