Monthly Archives: January 2016

Atlantic City revenue less than half of 2006 peak despite online contributions

Atlantic City casinos continued their losing streak in 2015, despite improved contributions from their online gambling operations.

The state’s Division of Gaming Enforcement says total land-based gaming revenue for Atlantic City’s eight casinos in the month of December fell 1.2% year-on-year to $177.6m. Counting the $14m earned by the state’s licensed online gambling sites, overall revenue rose 0.6% to $191.6m.

Total land-based gaming revenue in 2015 amounted to just over $2.41b, down 7.8% from 2014’s $2.62b. Counting the online revenue, the annual figure was down 6.5% to $2.56b – or up 3.1% if you discount the 2014 contributions of the four AC casinos that closed their doors that year.

Regardless of how you slice it, 2015’s total is less than half the $5.2b peak the seaside gambling hub reported in 2006, before there was any online contributions and before Pennsylvania and other regional markets launched their own casino operations.

New Jersey online gambling revenue grows more than one-fifth in 2015

New Jersey’s regulated online gambling market hit a new monthly revenue high in December and full-year revenue improved by more than one-fifth.

According to figures released Wednesday by the Division of Gaming Enforcement, state-licensed online operators reported revenue of $14m in December, 6% more than November’s $13.2m and 30.8% higher than December 2014’s total. The online casino vertical rose 39% year-on-year to $12m, while poker revenue fell 3.6% to just under $2m.

For the year as a whole, the state’s online revenue came to $148.8m, 21% higher than 2014’s total. Total online casino revenue in 2015 came to $125m, up one-third from 2014, while poker revenue fell 18% to $23.8m.

As usual, the Borgata/Bwin.party/Pala combo earned the bulk of December’s take at $3.96m, of which $2.85m came from casino and $1.1m from poker. For the year as a whole, Borgata sites earned $45.7m, up from $44.3m in 2014, despite a 17% fall in poker revenue.

New Jersey online gambling revenue grows more than one-fifth in 2015

New Jersey’s regulated online gambling market hit a new monthly revenue high in December and full-year revenue improved by more than one-fifth.

According to figures released Wednesday by the Division of Gaming Enforcement, state-licensed online operators reported revenue of $14m in December, 6% more than November’s $13.2m and 30.8% higher than December 2014’s total. The online casino vertical rose 39% year-on-year to $12m, while poker revenue fell 3.6% to just under $2m.

For the year as a whole, the state’s online revenue came to $148.8m, 21% higher than 2014’s total. Total online casino revenue in 2015 came to $125m, up one-third from 2014, while poker revenue fell 18% to $23.8m.

As usual, the Borgata/Bwin.party/Pala combo earned the bulk of December’s take at $3.96m, of which $2.85m came from casino and $1.1m from poker. For the year as a whole, Borgata sites earned $45.7m, up from $44.3m in 2014, despite a 17% fall in poker revenue.

Italian police bust illegal online gambling ring linked to mafia, Dollaro Poker

Italian authorities have broken up an illegal online gambling business that handled daily bets worth €11.5m and allegedly had ties to organized crime groups.

On Wednesday, Italian authorities arrested 11 individuals, including Luigi Tancredi (pictured), the alleged ringleader. The investigation, which police dubbed The Imitation Game, resulted in the seizure of assets worth €10m, including arcades, restaurants, cars and corporate bank accounts.

The ring reportedly controlled some 12k online gaming and video lottery terminals in bars and gaming halls across the country. Police said the machines – which required a special password to access – offered unlimited stakes and paid better odds because the operators paid no taxes on the revenue.

Roma Today quoted police saying the machines allowed punters to access the DollaroPoker site, which was set up in Romania under the banner of Dollarobet SRL and operated from servers based in Tampa, Florida.

Italian police bust illegal online gambling ring linked to mafia, Dollaro Poker

Italian authorities have broken up an illegal online gambling business that handled daily bets worth €11.5m and allegedly had ties to organized crime groups.

On Wednesday, Italian authorities arrested 11 individuals, including Luigi Tancredi (pictured), the alleged ringleader. The investigation, which police dubbed The Imitation Game, resulted in the seizure of assets worth €10m, including arcades, restaurants, cars and corporate bank accounts.

The ring reportedly controlled some 12k online gaming and video lottery terminals in bars and gaming halls across the country. Police said the machines – which required a special password to access – offered unlimited stakes and paid better odds because the operators paid no taxes on the revenue.

Roma Today quoted police saying the machines allowed punters to access the DollaroPoker site, which was set up in Romania under the banner of Dollarobet SRL and operated from servers based in Tampa, Florida.