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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

Act now on housing prices, economist tells govt

Albano Martins says govt should have clear idea of what a home should cost

Melco Crown Entertainment 2014 EBITDA US$1.29 bln

Parent company praises ‘stable financial performance’ despite ‘challenges’

February visitors increase 4.5 pct to 2.68 mln

Lunar New Year holidays bring 1.9 mln mainlanders, an increase of 10.7 pct

Unemployment steady in three months ended February

But hospitality, construction industries employ fewer workers than before
Headlines

Cultural Industries Fund graft suspicions probed

Fund head says suspicions are unconfirmed, avoids pointing accusing finger

ICBC putting another US$360 mln into Macau unit

Parent bank expects to maintain its stake in its Macau arm at 89.33 pct

Dairy Farm acquires Macau’s San Miu Supermarket

New owner sees chain complementing businesses it already has in the city

Dairy Farm acquires Macau’s San Miu Supermarket

New owner sees chain complementing businesses it already has in the city

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1. Galaxy Entertainment HK$10.3 bln in profit in 2014
2. VIP gaming shrinking disproportionately in Macau
3. Gearing up for more growth
4. Mainland career doesn’t quite add up
5. The plot thickens
 
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