Published
OnlineCasinoPokerFinancial

New Jersey: Where things stand at the end of H1

Argu

AtlanticCity2
ably, the most promising sign for the Atlantic City land-based casino market at the halfway mark for the year is that its casino win is marginally in front of where it was at this point a year ago, giving it a chance of ending a run of nine consecutive years of decline.

June’s casino win of $197.5m, down 4% year-on-year, takes the year-to-date figure up to $1.15bn, narrowly ahead of a total of $1.14bn at this point last year.

However, the final total for last year was $2.41bn, and the market is not actually in line to break that figure come the end of the year.

As you were

Regardless of whether or not the decline technically ends, there is little to suggest anything other than a near enough flat-lining of the market being the result come the end of the year, with the dramas of 2014, where four casinos closed, pretty much out of the way and little reason to suggest a boom is in the pipeline either.

Online is still on the up

For online, June’s total was $16.4m, an increase of 40%, and the H1 figure of $94.8m reflects an upturn of 32%.

With last year’s final total being $148.9m, there is little doubt that a significant increase will be posted for 2016.

What also seems clear is that the initial PokerStars impact has settled, with Resorts AC’s online poker revenue dropping for a second consecutive month, going down to $778,000 from May’s $1.2m.

Resorts AC is still the market leader though, ahead of Caesars/Harrah’s/888 ($602,000) and Borgata/PartyGaming ($589,000).

Overall, online poker revenue was slightly up year-on-year to $1.97m, but down month-on-month from $2.57m.

Casino is driving growth, but what's next?

Great encouragement can be found with online casino figures. Online casino win for June was $14.4m, up from $9.8m, and its H1 tally of $81m is up 74%.

Moving forward, the future of the market could be pushed even further in the right direction if the UK can come to the state’s aid and agree a liquidity-sharing deal for online games with the New Jersey Division of Gaming Enforcement (DGE).

Global Gaming Business reported that the DGE has sent letters to all of the state’s online gambling platform operators that are licensed in both New Jersey and the UK to ask how a liquidity-sharing system could be executed.

An agreement could be expanded to include all online games and not just poker.
Premium+ Connections
Premium

GammaStack

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

Revsharks

 
Premium

RISK

 
Premium

1xBet Partners

 
Premium

Sport Generate

 
 
Premium

Galaxsys

 
Premium

Imagine Live

 
Premium

Lynon

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...