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ISSUE 118 - Feb 2014
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
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Telsey unmoved by New Jersey’s online launch

Posted: 1/15/2014 11:59:38 AM
Rating:     0% ( votes)

Revenue in the first full month of online gaming in New Jersey was “underwhelming”, says Telsey Advisory Group LLC.

The New Jersey Division of Gaming Enforcement says the online gaming win last month was US$7.4 million (MOP59.2 million).

Telsey says a projected annual run rate of less than US$90 million is “a far cry from even the more conservative market size estimates of around US$500 million”.

Delaware, Nevada and New Jersey legalised online betting last year.

New Jersey is considered the first true test case of online gaming in the United States because it allows the full range of casino games and has a big population.

Other Macau Latest News

Q2 median monthly pay of workers in jobs MOP15,000

Macau people earn MOP17,500 – less than in Q1, when they collected bonuses

Parisian to have shop selling Antonia fashions

Canudilo group awarded franchise to run shop occupying 3,000 square metres

China Taiping leads Macau non-life market in 2014

Gross premium income grows 18.5 pct to MOP592.9 mln, a three-tenths share

Imperial Pacific Intl opens casino on Saipan

Company runs casino in temporary premises until its casino-resort is built

Jobless rate steady in trimester ended June

Gaming and construction have fewer employees, but hotel workforce grows

Economy secretary floats govt spending cut balloon

Says gaming takings may be under MOP18 bln, triggering fiscal austerity

Operator to announce Studio City opening date soon

Melco Crown Entertainment boss says the resort is coming along smoothly

Sands China’s Q2 performance boosts its stock

EBITDA of US$564.5 mln a surprise, owing to premium mass-market business

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