New Jersey DGE June 2015 Gaming Results
The June, 2015 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM, Tuesday, July 14, 2015.
Total Gaming Win from the Casino Hotels was $216.5 million in June 2015 compared to $236.0 million June 2014 (including Discontinued Operators – Atlantic Club, Showboat, Revel, and Trump Plaza) an 8.2% decrease.
Talk about putting a spin on the Atlantic City Numbers, Fox News 5 in New York City just published this article. “Data released by New Jersey regulators ….. eight remaining casinos brought in more than they did in the same period a year ago.”
Granted this is true, but the real bottom line is how we decipher the numbers. Atlantic City is still in an overall revenue contribution freefall – more than one sentence in the report.
For the month, Casino Win was $204.9 million, and Internet Gaming Win was $11.7 million. Internet Gaming in June 2014 was $9.5 million (including Discontinued – Ultimate Gaming).
2015 June Poker was 15.73% of Total Internet Revenue versus 21.20% in 2014.
2015 June Casino was 84.27% of Total Internet Revenue versus 79.80% in 2014.
ONLINE GAMING RESULTS
The NJDGE official report for June Online Poker revenues were June vs. May, $1.84 million to $1.93 million, DOWN by 4.7%. Casino Games were, $9.83 million versus $10.54 million, down by 6.7%. Total New Jersey Online Revenue was $11.70 million, down by 6.2%.
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 29.6% share (First in poker, and in casino games). In spite of this, its share of the market dropped a full 2 Percentage points from May.
Caesar’s Interactive (CIE) moved back up to second place overall with 22.6% (Second in poker, fourth in casino games). The World Series of Poker continued in Las Vegas was a mixed result – less players in New Jersey in both online and B&M poker,
The Tropicana, with only casino games, eked out a third place finish for the month with a 21.9% revenue share an increase of 1.9% over May moving up to #2 in casino games in June.
Golden Nugget/BetFair combination secured a revenue share of 21.6%, dropping all the way to fourth place overall and third place in online casino games win, a 3% decrease from May.
RESORTS online casino games moved up to a 3.4% of overall online revenue. The buzz in the online forums seems to believe that the introduction of Poker Stars is now on the near horizon. Some speculation pegs the potential at end of the month.
The Online Poker Numbers showed Party and Borgata’s edge over Caesar’s/888 for the month slipped almost 5% – 51.8% to 48.2% with the hype for the WSOP contributing.
The Month to Month comparison of Internet Gaming Figures: Online June 2015, $11.7 million versus June 2014’s $9.5 million, another better than expected INCREASE of 22.1%. Online Casino numbers continued to be the motivator: June 2015 $9.33 million versus $7.48 million in June 2014, a 19.8% INCREASE.
The initial awareness was for online poker versus casino games during June 2014. Ultimate’s (now gone) poker client was still in existence. Total Poker revenue for 2014 and 2015 month to month was $2.01 million versus $1.84 million, a DECREASE of 8.5%. It was the Third Month in a row that New Jersey couldn’t break the $2 million in poker revenue. .
BRICK & MORTAR POKER RESULTS
Atlantic City Brick and Mortar Poker revenues were down to $2.14 million in June, a decrease over May of $200K. The decrease certainly reflects the migration of the well bankrolled player to Las Vegas for the WSOP Series.
The Borgata had 55.2% of the Revenue Share; Caesars two poker rooms had 29.2%.
The Tropicana and its regulars contributed a respectable 11.9% and the Golden Nugget even picked up to 3.6%.
After another month of disappointment in the casinos, it is only natural to deflect the negativity, and that is what AC is doing. Non-gambling revenue is what they seek, and in this arena they are pursuing and making positive strides. If only Straub, the old Revel and Company would do the same.