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NJ Online Gambling Has Great Potential
Sunday March 03,2013 : ANALYST SAYS NEW JERSEY ONLINE GAMBLING MARKET HAS GREAT POTENTIAL
Billion dollar revenues are possible
Giving his assessment of the New Jersey online gambling market after Gov. Chris Christie signed last week's legalisation bill, industry analyst Brian McGill estimated that the overall size of the New Jersey online gambling market could be $1 billion.
Established companies supplying the Atlantic City land casino operators who would hold the licenses could share a possible $100 to $150 million in content and technology sales, he said, naming IGT, Bally Technologies, SHFL Entertainment and WMS Industries.
However, McGill says it's likely to take a while to get regulations in place, estimating that it take until 2014 for the New Jersey online gambling platform to get up and running, and a couple of years for it to grow.
McGill also opined that the US online gambling opportunity could eventually be wider as more states follow the legalisation example set by Nevada, Delaware and New Jersey.
"We're just at the beginning of the potential wave of online gaming being legalized over the next few years," he said.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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