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ISSUE 118 - Feb 2014
 
 
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

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

Sands China staffing costs to top US$1 bln in 2014

But the boss is happy to pay employees more in a competitive labour market

Politician expects more delay in Japan casino bill

Says parliament unlikely to get round to legislating in its current session

Macau international trade fair begins on Thursday

Promoter expects 48 trade agreements to be signed during the four-day event

Middlemen differ on motives of Hengqin homebuyers

Some Macau people are looking for investments, others for a place to stay
Headlines

Jimei boss fails to buy all of Sinogreen Energy

Owners of 0.005 pct of Sinogreen Energy stock accept mandatory cash offer

Analyst predicts US$100 bln casino market in 2020

But Wells Fargo’s Cameron McKnight says Macau must first deal with ‘issues’

Baccarat no longer quite the money-spinner it was

Casino takings from the VIP and mass markets for the game dwindle in Q3

Sands China Q3 net profit ticks up to US$644.6 mln

But, in a sign of the times, the casino operator’s revenue drops slightly

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