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NJ Online Casinos Soar to $31.7 Million in Online Casino Revenue to Set Record Month

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NJ Online Casinos Soar to $31.7 Million in Online Casino Revenue to Set Record MonthReading Time: 2 minutes

 

BonusSeeker reports online casino gaming revenue was up over 16 percent in January compared to the prior month, according to figures released Wednesday by state regulators. Online casino operators reported $31.71 million in online casino gross gaming win and $1.88 million in online poker gross gaming win in January of 2019, based on the online revenue figures reported to the New Jersey Division of Gaming Enforcement.

New Jersey online casino operators had their best month to date. NJ gambling sites generated $33.59 Million in online poker and casino revenues in the month of January, which marks yet another record-breaking revenue month. With an additional $15.5 million in online sports betting revenue, NJ operators generated a record breaking $49.09 Million in total online gross gaming revenue.

Golden Nugget Online Casino Group Continues to Lead the Pack in casino revenue with another record revenue month at $12.18 Million.

The market leaders, once again, were the Golden Nugget Casino Online group of operators which includes Sugarhouse Casino Online and Betfair Casino. They generated a record breaking $12.18 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 Resortscasino.com, MoheganSunCasino.com, Pokerstars, and Fanduel with total online revenues of $6.44 million.

“If the market continues to head in this direction, the total online gaming revenues for 2019 will be between $600-$700 million, which is beyond most people’s expectations for the first year of sports betting. These strong results will most likely increase the pace of other states’ race to regulation,” said BonusSeeker.com Managing Editor, Rich Migliorisi.

The licensed NJ online casinos generated $33.59 million in January 2019, up $4.61 million from the previous month.

New Jersey Online Gambling Revenue by the Numbers – January 2019 (in $ millions)

Casino
Golden Nugget $12.18
Resorts $5.77
Borgata $4.25
Caesars $3.85
Ocean Resort $0.530
Hard Rock $1.62
Tropicana $3.49
Total $31.71
Poker
Golden Nugget $0
Resorts $.669
Borgata $.488
Caesars $.724
Ocean Resort $0
Hard Rock $0
Tropicana $0
Total $1.88
Combined
Golden Nugget $12.18
Resorts $6.44
Borgata $4.74
Caesars $4.57
Ocean Resort $0.530
Hard Rock $1.62
Tropicana $3.49
Total $33.59

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

 


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: NJ Online Casinos Soar to .7 Million in Online Casino Revenue to Set Record Month

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Criticism mount against casinos in Goa

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Casinos in Goa, India, continue to attract criticism. An organisation called Aam Aurat Admi Against Gambling (AAAAG), which means the organisation of common men and women against gambling, has asked the government to shut down all offshore gambling companies in the state.

“The Bharatiya Janata Party government had promised that the casinos would be removed from the Mandovi,” said Sabina Martins, the convenor of the organisation opposing gambling. “[late] Chief Minister Manohar Parrikar had categorically stated that within four years of his tenure, the casinos would be phased out. Instead of phasing them out, the term of the existing casinos has been extended by another six months.”

AAAAG main objection is against the new Big Daddy casino, which was added after the government’s assertion.

“Amendments and regulations are made to favour casinos,” co-convenor of AAAAG, Anand Madgaoncar said. “While the world over, regulations govern casinos on the percentage of money to be given back to players, in Goa the casinos are having a field day looting them as no such regulations are implemented. There are no accountability mechanisms to check whether those employed are free from exploitation and addiction.”


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: Criticism mount against casinos in Goa

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Red Tiger slots go live with PokerStars in Italy

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Slots from Red Tiger, the award-winning casino game and software developer based in Malta, have gone live on PokerStars in Italy.

A number of slot titles will be introduced in the coming weeks beginning with hits Mystery Reels and Arcade Bomb.

The launch follows a similar country-specific deal with PokerStars in Denmark, with Sweden and Spain on the way.

Gavin Hamilton, CEO of Red Tiger, said: “We’re very pleased to be working with PokerStars, which is one of the biggest and most-admired brands in gaming.

We’re also pleased to be entering Italy for the first time, continuing our ambition to be the top supplier in every regulated market.”


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: Red Tiger slots go live with PokerStars in Italy

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Tom Horn strengthens its position in Lithuania with Betsafe.lt

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Tom Horn Gaming, a Malta-based igaming software supplier, has announced its content is now available to players in Lithuania on Betsafe.lt, one of many brands owned by the leading Swedish online gaming company Betsson Group.

Betsafe.lt belongs among the most trusted online casinos, offering the best-in-class gaming content to players in Lithuania. The operator will gradually gain access to Tom Horn’s award-winning content, including its blockbusters such as Hot Blizzard, 243 Crystal Fruits, and Book of Spells.

Tom Horn Gaming was the first online casino supplier to enter the Lithuanian market. The partnership is in line with the supplier’s long-term strategy to further expand its footprint in the Baltic regulated markets, building on the popularity of its titles among players and trust and recognition it has earned among the operators and regulators in the region.

Ondrej LapidesCEO at Tom Horn Gaming said: ‘This is further evidence that our content is in high demand among players in Lithuania and we’re delighted to have joined forces with such an acclaimed brand like Betsafe.lt. I believe that with this latest partnership we will further grow our presence in the Baltics.’

Kaido UlejevManaging Director Baltics at Betsson Group added: ‘Tom Horn Gaming is a modern-thinking company that has built a reputation for developing beautifully designed games, that are packed full of intriguing features, complex math and mechanics that players love. The company has a well-established presence in Lithuania and we know that our casino offering, featuring Tom Horn games, is strongly positioned among players in the market.’


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: Tom Horn strengthens its position in Lithuania with Betsafe.lt

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