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November Atlantic City Earnings Down Again
Saturday December 13,2014 : NEW JERSEY GAMBLING NUMBERS DOWN AGAIN
Little to celebrate in November numbers.
The New Jersey Division of Gaming Enforcement released the state's gambling statistics for November 2014 Friday, presenting a set of figures that show another sizeable decline in year-on-year revenue.
Total gaming win from the Atlantic City casino resorts - including discontinued operators - came in at $202.5 million in November 2014 compared to $225.7 million November 2013, reflecting a 10.3 percent decrease.
Splitting the statistics between land and online revenues, land casino win was $193.8 million, whilst Internet win was $8.7 million.
The latter figure brings year-to-date internet revenues to $120.4 million, made up of online poker at 24.1 percent (at $1.87 million down 5 percent sequentially), and online casino at 75.9 percent with revenue of $6.86 million - down 8.8 percent on the preceding month.
The PartyPoker - Borgata alliance continues to dominate the internet vertical in New Jersey, holding a 38.5 percent market share with internet revenues for November of $3.36 million. In the year to date the alliance has reported $40.69 million in internet revenues.
The Tropicana took second place in the internet sector, claiming a 25.5 percent share of the market on $2.22 million during November, with Golden Nugget and Betfair following with 17.2 percent and 6.2 percent of the market respectively, and Caesars Interactive struggling lower down and reporting total internet revenues for November of $1.10 million.
The regulator reported that new player signups in November reached 27,099, a welcome 5.7 percent rise over the preceding month. That brings total New Jersey online gambling sign ups since legalisation in November 2013 to 506,172 accounts.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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