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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, mainland sign services liberalisation deal

Accord levels playing field for Macau enterprises in Guangdong market

Macau Yacht Club member sounds alarm over AGM

Jorge Fão says developers hoping to make money from club-owned plot of land

Sundart Engineering wins Louis XIII hotel contract

Builder will make HK$70.5 mln fitting out the rooms, suites and corridors

China lauds Macau’s role in relationship-building

Foreign ministry says city acts as bridge to the Portuguese-speaking world
Headlines

President Xi arriving in Macau for two-day visit

To attend handover celebrations and chief executive’s second inauguration

Macau casino shares slump on dirty money report

Mainland effort to stem flow of ill-gotten gains alarms Hong Kong market

Beijing tightens stranglehold on dirty money flow

Authorities to snoop on all China UnionPay money transfers through Macau

MGM China to put money into project on Hengqin

But chief executive is reticent about the nature of the non-gaming project

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