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ISSUE 118 - Feb 2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 10 percent
 
 

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 enterprises invest RMB200 bln in Hengqin

Number of Macau, HK enterprises on island reportedly doubling every month

Kowloon Devt sets 2016 sales target of HK$5 bln

Assuming pre-sales of space in two developments in Areia Preta can resume

Test looms for theory that supply creates demand

Deutsche Bank says Cotai’s first new casino-resorts to show if it is right

Cost of homes rises 12.6 pct in April as more sold

But market cooler than a year earlier, when prices and sales were higher
Headlines

Recession persists as Q1 GDP shrinks 24.5 pct

Exports of gaming services drop by 39.7 pct, tourism services by 17.7 pct

Sinosky Energy still has natural gas contract

Official denies newspaper report that govt has lost patience with supplier

Premium mass market the focus of newest casinos

Gets the lion's share of new tables in the extension of Galaxy Macau resort

Second phase of Galaxy Macau opens tomorrow

Casino-resort extension will have 150 new gaming tables, two new hotels

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