New Jersey DGE July 2015 Gaming Results
The July, 2015 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM, Wednesday, August 12, 2015.
On another important front, 5 bills passed by the legislature to help Atlantic City’s economy sit on the desk of Governor and Presidential Candidate Chris Christie. One bill in particular is the measure that “lets Atlantic City’s eight casinos make payments in lieu of taxes for 15 years.” This would allow the current owners to know exactly how much they owe instead of facing huge potential increases.
Total Gaming Win from the Casino Hotels was $257.5 million in July 2015 compared to $274.3 million July 2014 (including Discontinued Operators – Atlantic Club, Showboat, Revel, and Trump Plaza) a 6.2% decrease.
For the month, Casino Win was $245 million, and Internet Gaming Win was $12.5 million. Internet Gaming in July 2014 was $10.07 million (including Discontinued – Ultimate Gaming).
2015 July Poker was 15.04% of Total Internet Revenue versus 21.31% in 2014.
2015 July Casino was 84.95% of Total Internet Revenue versus 78.69% in 2014.
ONLINE GAMING RESULTS
The NJDGE official report for July Online Poker revenues were July vs. June, $1.885 million to $1.835 million, UP by 2%. Casino Games were, $10.64 million versus $9.88 million, UP by 7.1%. Total New Jersey Online Revenue was $12.5 million, UP by 6.88%.
The Borgata and Party Poker (including Pala Entertainment) combination continues to lead as the top revenue producing I-Gaming site(s) in New Jersey with a 30.5% share (First in poker, and in casino games).
Caesar’s Interactive (CIE) dropped back to fourth place overall with 21.3% (Second in poker, fourth in casino games).
The Tropicana, with only casino games, moved up to a second place finish overall for the month with a 21.9% revenue share, the same share it had in June moving up to #2 in casino games in July.
Golden Nugget/BetFair combination secured a revenue share of 21.7%, moving its way up to third place overall and third place in online casino games win, a slight 0.1% decrease from June.
RESORTS online casino games moved up to a 4.4% of overall online revenue, a full 1% greater than June. Speculation for the introduction of PokerStars and/or the Full Tilt brand is still a possibility as the Amaya promise to introduce the site(s) in the corporation’s Third Quarter still has a chance. The quarter closing date is September 30th. Stay tuned for future information.
The Online Poker Numbers showed Party and Borgata’s edge over Caesar’s/888 for the month 51.8% to 48.2% stayed the same as June with the hype for the WSOP over.
The Month to Month comparison of Internet Gaming Figures: Online July 2015, $12.5 million versus July 2014’s $10.1 million, produces another better than expected INCREASE of 24.4%. Online Casino numbers continued to be the motivator: July 2015 $10.6 million versus $7.9 million in July 2014, a 25.5% INCREASE.
The initial awareness for online poker versus casino games has waned. During July 2014 Ultimate’s (now gone) poker client was still in existence. Total Poker revenue for 2014 and 2015 month to month was $2.15 million versus $1.85 million, a DECREASE of 14%. It was the Fourth Month in a row that New Jersey couldn’t break $2 million in poker revenue, and the second month that Borgata and Party could not break the $1 million barrier.
BRICK & MORTAR POKER RESULTS
Atlantic City Brick and Mortar Poker revenues were up to $3.13 million in July, an increase over June of a whopping $1.03 Million. The Borgata Summer Open and summer tourists upped the take.
The Borgata had 64% of the Revenue Share; Caesars two poker rooms had 23.5%.
The Tropicana and its regulars contributed a respectable 9.2% and the Golden Nugget picked up to 3.2% with its first >$100K month since last July. The Taj Mahal Did Not Re-open its poker room as scheduled and remains dark.
The struggles continue, but AC is always willing throw a decent party. In a few days the City is hosting two major beach concerts, this year for a price – Maroon Five and Rascal Flatts. Crowds in excess of 50,000 are expected for each. See you there?