New Jersey DGE May 2015 Gaming Results

George H. DeVol III : June 12th, 2015
New Jersey Sunday Majors

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The May, 2015 Gaming Revenue Results were released by the New Jersey Division of Gaming Enforcement (NJDGE) at 2:00 PM, Friday, June 12, 2015.

In a related move, the NJDGE approved billionaire Carl Icahn to own the Trump Taj Mahal after it comes out of bankruptcy proceedings. Icahn already owns the Tropicana Casino and Resort in Atlantic City.

Total Gaming Win from the Casino Hotels was $221.1 million in May 2015 compared to $242.9 million May 2014 (including Discontinued Operators – Atlantic Club, Showboat, Revel, and Trump Plaza) a 9.0% decrease.

It is noted that in spite of the decline in revenues, the remaining Hotel/Casinos are benefiting from the 2014 closures of 4 casinos. The biggest month to month gain went to Caesars (+51%), Golden Nugget (+33%) and Resorts (+19.6%).

For the month, Casino Win was $208.6 million, and Internet Gaming Win was $12.5 million. Internet Gaming in May 2014 was $10.5 million (including Discontinued – Ultimate Gaming).

2015 May Poker was 15.44% of Total Internet Revenue versus 21.60% in 2014.

2015 May Casino was 84.56% of Total Internet Revenue versus 79.40% in 2014.

ONLINE GAMING RESULTS

The NJDGE official report for May Online Poker revenues were May vs. April, $1.93 million to $1.98 million, DOWN by 2.5%. Casino Games were, $10.54 million versus $10.70 million, down by 1.5%. Total New Jersey Online Revenue was $12.47 million, down by 1.5%.

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 31.7% share (First in poker, second in casino games).

Golden Nugget/BetFair combination secured a revenue share of 24.6%, holding onto second place in total, and retaining Number 1 in casino games.

Caesar’s Interactive (CIE) moved up to third place overall with 21% (Second in poker, fourth in casino games). The World Series of Poker start helped a bit, but ongoing Bankruptcy questions is holding down any marked advancement for the group.

The Tropicana, with only casino games, stayed in third place for the month with a 20% revenue share, holding on to #3 in casino games in May after leading the field in March, and dropping to 4th overall.

RESORTS online casino games contributed 2.6% of overall online revenue while it continues the wait for any movement by the NJDGE to approve Poker Stars.

The Online Poker Numbers showed Party and Borgata increased its edge over Caesar’s/888 for the month 56.8% to 43.2% in spite of the hype for the WSOP, but without the bite of  any additional satellites.

The Month to Month comparison of Internet Gaming Figures: Online May 2015, $12.5 million versus May 2014’s $10.5 million, a substantial INCREASE of 19.1%. Online Casino numbers fared best: May 2015 $10.54 million versus $8.19 million in May 2014, a 28.7% INCREASE.

The initial awareness was for online poker versus casino games during May 2014. Ultimate’s (now gone) online poker client was still in existence. Total Poker revenue for 2014 and 2015 month to month was $2.27 million versus $1.93 million, a substantial DECREASE of 14.9%.

Golden Nugget/Betfair, The Tropicana and now Resorts have continued to secure a larger market share as Borgata revenues slid by 1.4% and Caesars 5.9% versus 2014.

BRICK & MORTAR POKER RESULTS

Atlantic City Brick and Mortar Poker revenues were $2.34 million in May, a decrease over April of $350K. The lack of a Major Tournament Series lowered the revenues.

The Borgata had 57.5% of the Revenue Share; Caesars two poker rooms had 27.8%.

The Tropicana increased to a more respectable 11.4% and the Golden Nugget even picked up to 3.3%.

After nearly 9 months of wrangling, the New Jersey Legislature pushed forward this week to secure much needed relief for troubled Atlantic City finances as the empty, former Revel and Showboat Hotel and Casinos continue to be dark. As eternal optimists hope runs supreme with The Boardwalk faithful for a profitable Summer Season.

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