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First 6 Weeks Nj Online Gambling Report

Wednesday January 15  ,2014 :  NEW JERSEY REPORTS ON FIRST SIX WEEKS OF INTERNET GAMBLING
 
$8.4 million in online gambling revenue in 2013
 
On Tuesday the New Jersey Division of Gaming Enforcement included numbers the online gambling industry has been waiting for in its report on Atlantic City gambling performance, noting that for the six weeks in 2013 that the internet gambling market has been open, revenues of $8.4 million were generated.
 
The revenues fell around $2 million short of most predictions for the brief reporting period, with online poker generating around 40 percent of the revenues and the remainder going on internet and mobile casino gambling.
 
The MGM-Boyd-Bwin partnership under the Borgata brand performing best in the state's overall online gambling sector, dominating almost half the market with $3.75 million in revenues - $1.9 million from poker and $1.8 million from casino action.
 
Caesars Interactive-888 was the closest rival, generating almost $2.4 million in online revenues - $1.2 million from poker and $1.17 million from casino.
 
Other competitors in the online market reported as follows:
 
Trump Taj Mahal - Ultimate Gaming: $883,037 -  $104,000 from online poker and $778,000 from casino.
 
Tropicana - Gamesys: $748,589 from online casino only - poker not yet launched.
 
Trump Plaza - Betfair: $427,739; $90 from online poker and $427,000 from casino operations.
 
Golden Nugget: $177,653 from online casino only - no poker product yet.
 
The regulator did not update its most recent stats regarding the number of online gambling accounts that have been opened so far; its most recent report indicated that this number is approaching 150,000.
 
The most successful month was December 2013, when $7.38 million of all online revenues was generated as the new market picked up momentum.
 
Online sector observers expect performances to lift going forward as big-money marketing plans disclosed by the major companies involved start to make an impact; more operators become fully operational with both poker and casino action; the New Jersey public becomes more familiar with the concept of remote gambling, and technical and administrative teething problems are eliminated.
 
Speaking about Borgata's online success, Keith Smith, president of Boyd Gaming, said:
 
"Our network has attracted the largest pool of players in the New Jersey online market, allowing us to offer our customers a wide selection of games and table stakes at all times. This gives our network a significant competitive advantage and positions us for further success."
 
Smith said that the numbers made it clear that "...online gaming is complementary to our land-based business, not competitive."
 
"When matching our online and land-based databases, we found that 60 percent of online casino customers had not been to Borgata in over a year, and over 75 percent had made fewer than two trips to Borgata in the past year," he noted.
 
"And, on a combined basis, online and land-based poker revenue at Borgata was up more than 40 percent from our land-based play in December 2012."
 
On the land gambling side, the New Jersey regulator reported that revenues in 2013 were 6.2 percent down on 2012 at $2.9 billion, and a world away from the pre-recession highs of years past, when revenues peaked at $5.2 billion.
 
Land gambling experts noted that this is the first time in 22 years that Atlantic City's casino revenue has fallen below $3 billion as increasing competition in the northeastern US continued to shrink the market.
 
Once again the Borgata took the lead with $616,969,725 in total gaming win.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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