The March 2016 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM Monday, April 13, 2016.
Total Gaming Win from the Casino Hotels was $203.0 million in March 2016 compared to $203.9 million March 2015 reflecting a 0.4% Decrease.
The Revenues were flat and unimpressive. PokerStars, as expected, because of less than half month contribution, made a miniscule impression on the Total Number for the month, 0.3%. (Discussion Below).
In other news, Carl Icahn officially gained control of the Trump Taj Mahal and Republican frontrunner Donald Trump no longer has a stake in the property.
The demise of Atlantic City, the town, continues as Trenton Legislature holds the key to its future. Unions are the lynchpin of the discussion.
For the month, Casino Win was $187.5 million and Internet Gaming Win was $15.5 million. Internet Gaming in March 2015 was $13.2 million.
2016 March Poker was 15.9% of Total Internet Revenue versus 19.1% in 2015.
2016 March Casino was 84.1% of Total Internet Revenue versus 80.9% in 2015.
ONLINE GAMING RESULTS
The NJDGE official report for March Online Poker revenues show March versus February, $2.46 million to $1.99 million, UP by 23.6%, and Casino Games, $13.04 million versus $12.76 million, UP by 1.9%. Total New Jersey Online Revenue was $15.5 million UP 5.0%.
The Borgata and Party Poker including Pala Entertainment combination continued as the leading revenue producing I-Gaming site(s) in New Jersey with a 27.2% share (First in poker and casino games).
Golden Nugget/BetFair secured a revenue share of 19.8%, dropping to fourth place in total and third in casino games.
The Tropicana was up in overall second place for the month up from third last month with a 20.4% revenue share, number 2 in casino games just edging out CIE. .
Caesar’s Interactive (CIE) increased to third place with 20.4% (While staying Second in poker, fourth in casino games).
Resorts contributed 12.1% as PokerStars launched on March 21st after its NJDGE mandated soft opening. In fifth place overall, Resorts percentage grew with PokerStars partial month return.
The Online Poker Numbers showed Party and Borgata retained the lead with 42% Share, Caesar’s WSOP/888 Combination was 33.7%, and with only about a half of a month’s play, PokerStars 24.2%.
Total Casino and Poker revenue for 2015 and 2016 was $13.1 million versus $15.5 million, the strong $2.4 million increase produced an 18.3% positive.
BRICK & MORTAR POKER RESULTS
Brick and Mortar Poker revenues increased slightly by $10K for March.
The Borgata dropped to 52.4% of the Revenue Share from 61.6% due to a lack of a Tournament Series; Caesars two poker rooms increased its share to 34.4% from last month’s 26.8% in anticipation of the upcoming WSOP.
The Tropicana revenue share increased from 7.9% to 9.4%, and the Golden Nugget had its usual 3.7%.
Rumors in AC are mixed regarding Resorts long awaited New Poker Room. Some have said PokerStars is waiting before they consider or add their name to a project. Also, a relaunch of a smaller room at the Trump Taj Mahal has surfaced.
POKERSTARS OPEN FOR BUSINESS – For Online Poker Players Only
The world’s largest poker site – “Live in New Jersey” officially March 21st. The 5 day soft launch had minor problems but went according to plan. Online Poker players voiced opinion on the Two + Two thread and complained on various minor subjects.
One specifically, a recurring sound problem, caused a continuing stream of complaints, but was answered by the PokerStars representative many times. As promised, the glitch was solved by the first update allowed by the NJDGE – regulated gaming moves slowly as changes must be approved.
This month, April, a new leading New Jersey online poker site should emerge. Based upon the ½ month revenue number, the projection should see Party Poker and Borgata being replaced as the state’s online leading poker room(s).
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 44 Days Away. Good Weather Please.