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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

Melco Crown Entertainment announces bonus payment

Gaming company will also promote 1,300 staff or move them to Studio City

Cultural and creative product shops opening soon

Retailing redevelopment near Ruins of St Paul’s gets down to work on Sunday

Legislator asks: where’s the new Taipa crossing?

Chan Meng Kam says the bridges linking the island and peninsula are packed

Police bust crime ring that used China UnionPay

Arrest four suspects in case of illegal transactions worth over RMB102 mln
Headlines

Casinos to be smoke-free eventually, official says

Social affairs secretary unsure when, but says govt hopes it will be soon

Tourist price annual inflation 2.43 pct in 2014Q4

Visitors pay more to eat, whether they buy food in restaurants or elsewhere

China’s pre-1999 investment treaties exclude Macau

Singapore court reportedly says so because Chinese embassy in Laos says so

Estate agents see little growth in factory values

Predict that weak demand this year will slow the rises in prices and rents

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