The April 2016 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM Thursday, May 12, 2016.
In spite of a positive month (see below) Atlantic City continues to be in the crosshair of bankruptcy. As the Summer Season is upon us, the New Jersey Legislature holds the City’s future in its hands. Same as last month, on this subject we must continue to wait.
Total Gaming Win from the Casino Hotels was $215.0 million in April 2016 compared to $199.0 million April 2015 reflecting an 8.1% Increase.
For the month, Casino Win was $186.3 million and Internet Gaming Win was $16.98 million. Internet Gaming in April 2015 was $12.7 million.
2016 April Poker was 15.2% of Total Internet Revenue versus 15.6% in 2015.
2016 April Casino was 84.8% of Total Internet Revenue versus 84.4% in 2015.
ONLINE GAMING RESULTS
The NJDGE official report for April Online Poker revenues show April versus March, $2.58 million to $2.46 million, UP by 4.6%, and Casino Games, $14.39 million versus $13.04 million, UP by 10.3%. Total New Jersey Online Revenue was $16.9 million UP 9.5%.
The Borgata and Party Poker including Pala Entertainment combination continued as the leading revenue producing I-Gaming site(s) in New Jersey with a 23.4% share (Second in poker and second in casino games).
Golden Nugget/BetFair secured a revenue share of 19.5%, rose to third place in total and third in casino games.
The Tropicana fell dramatically to overall fifth place for the month down from third last month with a 18% revenue share, number 3 in casino games just edging out CIE.
Caesar’s Interactive (CIE) dropped to fourth place with 18.6% (Dropping to Third (Last) in poker, and remaining fourth in casino games).
Resorts contributed 20.5% as PokerStars launched on March 21st vaulted into the lead in online poker revenues in the State of New Jersey with its first full month of operation.
PokerStars also helped contribute to the jump in online casino revenues by increasing from $1.3 million in March to $2.3 million in April. Although still 5th in casino earnings, Resorts took overall 2nd place for the month.
The Online Poker Numbers delivered the new leader – PokerStars/Resorts – 45.5%. Party and Borgata fell to a 28.8% market-share, and Caesar’s WSOP/888 Combination was 25.6%.
Total Casino and Poker revenue for 2015 and 2016 was $16.98 million versus $12.69 million, the strong $4.3 million increase produced a 33.8% positive.
BRICK & MORTAR POKER RESULTS
Brick and Mortar Poker revenues increased markedly by $370K in April as a Tournament was at The Borgata.
The Borgata revenues jumped by $624K reflecting 67.7% of the Revenue Share up from last month’s 52.4%. Caesars two poker rooms share dropped to 21.2% from last month’s 34.4% contribution in spite of the beginning anticipation for the World Series of Poker.
The Tropicana revenue share dropped to 7.8% from 9.4%, and the Golden Nugget had its usual 3%.
Rumors in AC heated up yesterday regarding Resorts long awaited New Poker Room. However, a true Brick and Mortar Poker Room has yet to be announced.
PokerStars.com, an Amaya Inc. brand, announced a special live event to celebrate the successful launch of the world’s largest online poker site in New Jersey. PokerStars Run It Up Resorts Rumble will take place at the Resorts Casino Hotel on May 14 —- in the ballroom – online, “on live” poker action.
The live final of The Americas Cup of Poker (ACP) will also be held at Resorts Casino Hotel, Atlantic City from June 23-27, 2016.
POKERSTARS OPEN FOR BUSINESS – IMPACT?
A new leader for New Jersey online poker sites emerged. Excitement is in the air as PokerStars has rejuvenated the stagnant online poker business in New Jersey. Although the $1.17 million revenue in April is substantial, it is less than the high mark achieved by Borgata and Party in March 2014 – $1.39 million.
Stay tuned next month for the facts, and a potential Atlantic City solution just in time for the unofficial summer season, Memorial Day Weekend – only 15 Days Away. Let’s have that Good Weather Please?!!!