Sep 23, 2014,
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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

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Forefront of Macau Gaming figures deny aggravated disobedience allegation

Proposed investment in Pacific island increased

Macau company means to put US$300 mln into Northern Marianas casino-resort

Pearl estuary bridge border post to cost MOP71 mln

Consortium comprising three companies awarded contract to build the post
Headlines

Xi Jinping tells Chui Sai On: must do better

President instructs Macau chief executive to improve the work of his govt

Deutsche Bank gloomier about 2014 gaming revenue

Gives warning that new Cotai casinos may fail to spur gaming demand in 2015

Holiday reform tipped to benefit Macau tourism

Research house says annual leave for mainlanders would make visiting easier

Sterne Agee expecting flat gaming revenue in 2014

Stockbroker increases its forecast of shrinkage in September gaming revenue

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