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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 :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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