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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.
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Gambling News :
Tain Fast Bet -
Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.
Olympic Entertainment Group Mobile Gaming -
In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.
Circus Evolution HD Slot -
Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.
17 Crown people still detained -
Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on
SB1400 Virginia Poker Skill Game Bill -
Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.
Pennsylvania Video Gaming Association -
With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.
Stiffer Problem Gambling Penalties in UK -
The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.
Spartan Poker vs SpartanPoker name War -
Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.
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