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ISSUE 139 - Nov 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

Macau, mainland sign CEPA services trade agreement

Pact allows Macau enterprises into mainland markets for various services

Unemployment steady in trimester ended October 31

Fewer out of work but labour force shrinks, so jobless rate remains 1.9 pct

October exports slip 7.8 pct to MOP764 mln

Imports dip 4.8 pct to MOP7.64 bln, giving trade deficit of MOP6.88 bln

CY Foundation H1 net loss grows to HK$140.3 mln

Says constriction of demand spoiling electronic gaming business in Macau

Govt gives Macau’s sovereign wealth fund a name

But official silent about size of the MSAR Investment and Development Fund

Gaming table growth cap unchanged, official says

Casinos must earn their shares of annual increase, says economy secretary

Assembly gives 2016 budget its first reading

Members give unanimous nod to govt plan to spend more while revenue shrinks

Wife suggests reason for graftbuster’s suicide

Commission against Corruption documents on his PC prompted investigation

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