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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?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 10 percent
 
 

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

Pundits predict big falls in July gaming revenue

Researchers forecast declines in takings ranging between 24 pct and 37 pct

Jimei Intl to run VIP gaming tables in Cambodia

Macau gaming company strikes deal with operator of Phnom Penh’s NagaWorld

New transit rules may mean more business for Macau

Travel Industry Council head says mainlanders that stay longer need hotels

Macau Franchise Expo opens in Venetian Macao

Exhibitors from around the world include owners of 100 international brands
Headlines

Gambling junket operators play the job loss card

Say smoking ban threatens the livelihoods of 3,000-5,000 of their employees

Drops in shop and factory prices forecast for H2

But estate agent sees more interest in opening shops in residential areas

Govt to table catch-all anti-smoking bill

Measure may harm economy, but public health takes priority, official says

Commerce, industry to get 17 ha of reclaimed land

All reclamation zones will have land for tourism and leisure industries

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