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Borgata COO Speaks On Internet Gambling In New Jersey

Thursday January 2,2014 : BORGATA EXEC TALKS INTERNET GAMBLING IN NEW JERSEY
 
Growth has exceeded expectations, and online operations do not pose a threat to the brisks and mortar activity.
 
In an interview with the "Squawk Box" program on CNBC this week Tom Ballance - chief operating officer and president of Borgata Hotel Casino and Spa and its new online gambling operations in New Jersey - said that growth has exceeded expectations....and the new form of gambling does not pose a competitive threat to the company's bricks and mortar enterprise.
 
Users of gaming sites operated by the Borgata in Atlantic City, have created more than 20,000 accounts to bet real money online in New Jersey, since the state's approval of Internet gambling in late November, Ballance told CNBC on Thursday.
 
"Borgata was uniquely positioned to be at the forefront, primarily because of efforts by our managing partner, Boyd Gaming Corporation," Ballance said.
 
"Boyd's strategy is to engage in online gaming nationwide. We weren't out hunting for a service provider, when others were. We were all set up and ready to go."
 
Discussing fears in some quarters that online gambling could cannibalise the land market, Ballance observed:
 
"When we match up databases, the great majority of players who were playing online have not been to Borgata in well over a year. And the vast majority has made fewer than two trips in the past year. So it's a different customer."
 
There's also a different demographic for the online gambler, he said. "It skews more male than the conventional brick-and-mortar customer."
 
Answering critics who say Internet gaming makes it too easy to bet since gamblers don't have to leave their homes, Ballance said: "Online we actually have more controls. ... You don't extend credit online. You've got to fund your account somehow ... through your checking account or through a credit card."
 
Atlantic City land operators are under pressure from Gov. Chris Christie to pull the exclusive gambling enclave within the state out of its persistent business doldrums, occasioned by competition in neighbouring states and the lack of sports betting.
 
This is the fourth year of a five-year grace period that the governor has given the city before he considers expanding land casino licensing to other parts of New Jersey, such as the Meadowlands Sports Complex in the northern part of the state.



Gambling News :

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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