Macau Legend seeks to expand its business

20.01.2014
(US).- The New Jersey Division of Gaming Enforcement has released its first online gambling revenue report since online operations launched in late November. Total online gambling revenue for the month of December came to USD 7.388 million, with USD 3.35 million of that credited to the Borgata. The Borgata is 50/50 owned by Boyd Gaming and MGM Resorts, and has teamed with European online operator Bwin.party digital entertainment.
 

Caesars Interactive NJ ran a distant second to the Borgata, coming in at us$ 2.03 million. The Trump Taj Mahal, which has partnered with Ultimate Gaming, was well back in third place with us$ 825k. The Tropicana, which has teamed with Gamesys, was fourth with us$ 603k. The Trump Plaza and Betfair combo came in at fifth with us$402k while the Golden Nugget, whose online operation only got the regulatory go-ahead midway through December, brought up the rear with us$ 177k.

More than half (us$1.727m) of the Borgata’s online revenue in December came via poker, with casino adding us$1.62m. Caesars’ poker operations – which include 888 Holdings in addition to WSOP.com – accounted for us$ 1.07m, with casino adding us$ 962k. The Trump Taj Mahal’s online casino vertical earned us$737k while poker contributed justus us$ 88k.

The Tropicana and Golden Nugget are reporting only casino revenue at present, while the Trump Plaza reported a whopping us$ 38 – note there is no ‘k’ attached to that figure – from its poker operations. Together, the Borgata/Caesars combo currently controls 97% of the state’s online poker market.

The year-to-date figures, which include the last week of November, raise the total revenue tally to us$ 8.368 m, of which us$3.75m (45%) went to the Borgata. The rest of the YTD figures were as follows: Caesars (us$2.38m, 28%), Trump Taj Mahal (us$ 883k, 11%), Tropicana (us$748 k, 9%), Trump Plaza (us$428k, 5%) and Golden Nugget (us$ 179k, 2%). The DGE’s figures don’t specify how much of each casino licensee’s online earnings were achieved by each separate brand operating under the online license.

New Jersey tax revenue from online gambling came to us$1.1m for December and us$1.25m for the year to date.

Yogonet.com/ Calvin Ayre
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