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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

Macau international trade, investment fair opens

Attended by people from over 50 economies, some never before represented

September visitors increase by 3 pct to 2.41 mln

More tourists come from the mainland, but fewer from Hong Kong or Taiwan

Round-the-clock border opening expected soon

Mainland authorities preparing facilities on their side of Hengqin crossing

Govt opts for Avenida 24 de Junho route for LRT

Transportation Infrastructure Office accepts architect’s waterfront idea
Headlines

Tam expects gaming revenue to keep falling

Economy secretary says declining trend of revenue may persist until 2015H1

Galaxy Entertainment scraps apartment hotel plan

The expanded Galaxy Macau is set to have a bigger five-star hotel instead

Analysts envisage mass-market gaming predominating

Predict mass market will soon contribute over half of casino gaming revenue

Jimei boss fails to buy all of Sinogreen Energy

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

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