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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

At least 180,000 visitors arrive on National Day

Police expect 3.15 mln people to come or go during golden week of holidays

Average price of housing falls 0.8 pct in August

But homes cost more on the peninsula, the hottest place in a cooler market

August package tourists drop 20.5 pct to 905,000

Hotel occupancy dwindles as increase in rooms outpaces increase in guests

MICE value added shrinks to MOP53.94 mln in 2014

Meetings and exhibitions industry receipts rise by 19.2 pct to MOP276 mln

Beijing’s man in Macau promises help for economy

Central govt to take measures to support gaming, says liaison office chief

Govt plays pass-the-parcel with MICE burden

Trade promotion body to dole out subsidies once given by other departments

Official jurisdiction over Macau waters requested

Chief executive says Macau govt has made formal request to central govt

No subsidy for overnighters planned, official says

Tourist office head denies govt will pay operators to put on longer tours

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