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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?
Growth above 10 percent
Growth from 0 to 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

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Suspected triad member was appointed San Marino’s ambassador to Montenegro

Officials acquitted of stalling burial plot probe

Court clears Civic and Municipal Affairs Bureau ex-head, three subordinates

Sinogreen Energy eyes Macau gaming market

Deal with Jimei chairman would raise money for its own junket business

Few Hengqin theme park visitors also visit Macau

But most visitors have been to Macau before and some will come next time

Wynn Resorts Q2 EBITDA in Macau US$307 mln

Casino operator’s VIP business dips while its mass-market business leaps

Nomura detects strong mass-market gaming trends

But thinks below-average win rate curbed VIP revenue in week ended July 27

Academic sceptical about economic diversification

Macau Polytechnic Institute teacher says city too small for greater variety

Tourist satisfaction with Macau decreases in Q1

Visitors give city’s casinos, tour operators and guided tours lower scores

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