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New Jersey Online Casinos – $44.6 Million – Finish First Football Betting Season With Strong February Revenues

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New Jersey Online Casinos - $44.6 Million - Finish First Football Betting Season With Strong February RevenuesReading Time: 2 minutes

 

NJ Online casino gaming revenue dropped 5.5 percent in February compared to the prior month, according to figures released Wednesday by state regulators. Online casino operators reported $29.94 million in online casino gross gaming win and $1.81 million in online poker gross gaming win in February of 2019, based on the online revenue figures reported to the New Jersey Division of Gaming Enforcement.

New Jersey online casinos are still on a roll but cooled off going into the second month of 2019. NJ gambling sites generated $31.75 million in online poker and casino revenues in the month of February, which marked the first month-over-month decline since August 2018. With an additional $12.85 million in NJ online sports betting revenue, NJ online gambling operators generated a total of $44.6 million in online gross revenue compared to a total of $49.09 million in the previous month.

Golden Nugget Online Casino Group Continues To Be The Top License Holder

The market leaders, for nearly three consecutive years, are the Golden Nugget Casino Online group of operators, which includes Sugarhouse Casino Online and Betfair Casino. They generated total gross revenue of $10.70 million, which were heard to be led by strong cross performance from FanDuel Sportsbook into Betfair Casino. In second place in total market revenue, sits Resorts Digital Gaming which houses Resorts Online Casino, Mohegan Sun Online Casino, PokerStars Casino and DraftKings, providing a total online revenue of $6.66 million.

“Overall, these are great results from both online casino and sports betting apps. No one should be startled by the drop in sports betting revenue as the Super Bowl result was known to put a hurting on FanDuel and others, which helped lead to the large drop in sports betting revenue. All other signs, such as total handle, point to increasing popularity in sports betting both online and off; so newcomers like Aussie-based PointsBet Sportsbook have nothing to worry about,” said BonusSeeker.com Managing Editor, Rich Migliorisi.

The licensed NJ online casinos generated $31.75 million in casino and poker revenues in February 2019, down $1.85 million from the previous month.

New Jersey Online Gambling Revenue By The Numbers – February 2019 ($ in Millions)

Casino

Golden Nugget $10.70

Resorts $5.78

Borgata $4.05

Caesars $3.50

Ocean Resort $0.484

Hard Rock $1.67

Tropicana $3.45

Total $29.94

Poker

Golden Nugget $0

Resorts $.564

Borgata $.459

Caesars $.788

Ocean Resort $0

Hard Rock $0

Tropicana $0

Total $1.81

Combined (Casino + Poker)

Golden Nugget $10.70

Resorts $6.66

Borgata $4.51

Caesars $4.28

Ocean Resort $0.484

Hard Rock $1.67

Tropicana $3.45

Total $31.75

Sports Betting

Bally $.223

Borgata $-.0426

Golden Nugget $.0340

Hard Rock $.0189

Ocean Resorts $1.023

Resorts Digital $3.72

Meadowlands $6.58

Monmouth $1.28

Tropicana $.0104

Total $12.85

For more information, visit https://www.bonusseeker.com

About BonusSeeker.com: BonusSeeker.com is a leading source for iGaming news, online games, and online casino/sports betting promotions in the U.S. regulated online gaming markets.

SOURCE BonusSeeker.com


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: New Jersey Online Casinos – .6 Million – Finish First Football Betting Season With Strong February Revenues

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MGM Ends the Talks to Buy Encore Boston Harbor Casino Resort

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MGM has ended the talks with Wynn Resort to buy the Encore Boston Harbor Casino. The nearly finished property and Wynn Resorts as a whole were roped in a scandal of massive proportions that stemmed from multiple sexual misconduct allegations leveled against the casino operator’s ex-boss and founder Steve Wynn.

MGM said in a statement that they “have noted the anxiety raised by various stakeholders regarding a transaction” and that they think “the best course of action is to discontinue discussions” concerning the opportunity to buy Encore Boston Harbor. The statement further read that the company wishes to have “a positive impact on communities in which we operate.”

Wynn Resorts said in a statement that it has agreed to cease discussions with MGM “after careful consideration.” The company added that it is committed to opening and running the 671-room hotel and casino resort located along the Mystic River in Everett.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: MGM Ends the Talks to Buy Encore Boston Harbor Casino Resort

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Genting Completes the Refurbishment of Luton Casino

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The Genting Group has completed the £750,000 refurbishment works on the Luton Casino. The refurbishment work has been done to make the gaming experience better for visitors. As such, the company worked on remodeling and adding new amenities to the venue including additional facilities at the bar and lounge areas.

Refurbishment includes the increase in gaming space to host additional gaming machines. The number of slot machines at the property has also increased from 28 to 40. New electronic terminals have also been installed.

“We are all incredibly proud to unveil our brand-new refurbishment. We are confident that the changes will offer our valued customers an improved gaming experience, and we are particularly excited about the new poker offering. Customers looking to socialize and meet up with friends at the casino can also enjoy the newly refurbished bar and lounge areas,” James Harvey, general manager at Genting Casino Luton said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Genting Completes the Refurbishment of Luton Casino

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BetMakers Signs Deal with Betgenius

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Global Betting Services, the wholly-owned subsidiary of BetMakers Holdings Limited, has entered into an agreement with Betgenius Limited, the global wagering technology company, for the distribution of its complete racing solution.

Betgenius provides services to over 150 licensed bookmakers in regulated markets around the world with its premium sportsbook management solutions, which includes live data and outsourced trading for pre-match and in-play betting.

The Agreement provides Betgenius customers with access to rich horse racing data via eventlife cycle information, BetMakers’ proprietary fixed pricing and enhanced data packages for around 250,000 races per year includes content from the UK and Ireland, Asia, Australasia, and North and South America.

“Betgenius is a world-wide leader in providing B2B solutions to wagering operators for their sports offering. We are delighted they have chosen BetMakers for their racing solution to offer their clients. This deal allows us to accelerate our racing product and pricing into a range of wagering operators globally and we believe it gives Betgenius clients the best horse racing product in the market, to sit alongside their already established sports services,” CEO of BetMakers, Todd Buckingham said.

“We are always striving to give our partners simple access to high quality content that will drive their turnover and margin, and this deal with BetMakers does exactly that,” Matt Stephenson, Global Partnerships Director at Betgenius said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: BetMakers Signs Deal with Betgenius

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