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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

Shun Tak hotel joint venture tries Taipei first

Artyzen CitizenM Asia to manage a 260-room hotel built by Keppel Land arm

Chinese Estates ex-chairman acquiring La Scala

Buys the housing project on land that a court says he obtained by bribery

Sterne Agee cuts 2014 casino revenue forecast

Stockbroker predicts years of gaming market growth will ensue in due course

August airport passenger throughput breaks record

Airlines due to begin services to and from Tianjin, Phnom Penh in September
Headlines

Govt adviser thinks home prices will ease soon

Eddie Wong says govt must increase housing supply to meet public demand

Plans for smoking rooms in 39 casinos submitted

In readiness for smokers being confined to smoking rooms, VIP gaming rooms

Chief Executive Chui Sai On given second term

Running unopposed, wins votes of 380 of the 400 electoral college members

July domestic exports grow 6 pct to MOP192 mln

Help total exports to reach MOP759 mln while imports grow to MOP7.24 bln

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