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Atlantic City Revenues Decline 4.4 Percent in October 2014
Friday November 14,2014 : ATLANTIC CITY DECLINE CONTINUES IN OCTOBER
Year-on-year overall decline of 4.4 percent reported by the regulator.
October was another bad month for Atlantic City land casinos, with revenues down 4.4 percent compared with the same period last year, the New Jersey Division of Gaming Enforcement reported Thursday.
Total gaming win was $207.2 million compared to $216.9 million in October 2013, with land casino win at $197.7 million and Internet gaming win at $9.5 million...down 7.5 percent on September 2014.
On a year-to-date basis, internet gaming broke through the $100 million level, with online poker contributing 24.3 percent of revenues and online casino operations 75.7 percent.
Online poker performance in October 2014 was down 5.7 percent at $1.97 million vs. September 2014, whilst online casino revenues declined by 7.8 percent to $7.52 million.
The Borgata and Party Poker partnership retained leadership in the state's online gambling sector with a 34.2 percent market share, followed by Caesar’s Interactive in second place with 25.9 percent, the Tropicana (20.3 percent) and Golden Nugget and Betfair with 10.6 percent and 9 percent respectively.
The overall online vertical reported 22,571 new account signups, a 4.6 percent increase on September 2014 that brought total signups since the launch of legal intrastate online gambling in New Jersey to 479,073. The regulator points out that the average number of accounts held by an individual player can reach 6 per player, making the actual number of registered players around the 80,000 mark.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
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.
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