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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

Gold-buying binge gives jewellers sales hangover

Fast sales when gold was cheap last year means this year’s sales look slow

Macau has growing taste for HK dollars, renminbi

September’s external currency deposits 18.4 pct bigger than a year earlier

Macao Gaming Show draws interest around the world

Organisers now look ahead to the 2015 show, to be held on November 17-19

Govt fines restaurants for breaking pricing rules

Civic and Municipal Affairs Bureau to keep policing greedy restaurateurs
Headlines

Border Gate to be open two hours longer each day

Other border crossings will be open to some travellers around the clock

Q3 visitor spending rises 4.6 pct to MOP15.5 bln

But each average tourist spends less, most notably each average mainlander

Tam Pak Yuen expects sufficient gaming tax in 2015

Economy Secretary says lower direct tax take will just mean smaller surplus

Attendance of 10,000 expected at Macau Gaming Show

The three-day exhibition and conference begins today at the Venetian Macao

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