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Good Turn Out For New Jersey Online Gambling
Thursday November 28 ,2013 : GOOD TURNOUT FOR NEW JERSEY GAMBLING TRIAL PERIOD
17,000 locals wagered in five day start-up.
David Rebuck, the director of the New Jersey Division of Gaming Enforcement, revealed the results of his staff's monitoring on the five-day soft launch of online gambling in the Garden State Wednesday, noting that 17,000 in-state punters wagered over the Internet.
Rebuck says the bets were made during restricted hours of play between Thursday and Monday last week.
He told the Associated Press news agency that during the test period, the Atlantic City casinos operating the internet gambling sites added over 3,000 new users each day.
The head of geolocation company GeoComply, Anna Sainsbury, confirmed the good turnout, saying:
"It looks like people are keen to play. I think the launch of i-gaming in New Jersey has been a huge success."
Interestingly, officials revealed that the geolocation companies stopped a significant number of would-be punters trying to register from other states in the United States as well as international locations such as Portugal, Ghana, India and Canada, illustrating that geolocation is a viable technology.
Wall Street ratings agencies say Internet gambling in New Jersey should bring in between $200 million to $500 million in its first year - substantially lower than earlier state government estimates of $1.2 billion.
AP reported that Moody's Investors Service pegged first-year Internet gambling revenue at $200 million to $500 million, while Fitch Ratings offered a more modest forecast of $200 million to $300 million the first year.
Rebuck said his staff continues to work with the Golden Nugget Atlantic City, which decided it was not ready to begin unlimited Internet gambling with the other six approved casinos on Monday ).
The director said he expects the casino to resolve its issues sometime next week.
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Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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