Latest Figures From New Jersey Regulators
By Casinomeister, Last updated Jan 16, 2015
Beats expectation
The New Jersey Division of Gambling Enforcement (NJDGE) reported a 4.5 percent decline in annual revenue to $2.74 billion from its combined Atlantic City land and online gambling operations.
The figures are above expectations considering the closure of four of the City's twelve terrestrial casinos but indicate a 48 percent decline from the boom days of 2006.
Revenue gains were posted by six of the remaining eight terrestrial casinos as they absorbed patrons of the shuttered venues.
"It's an absolutely remarkable result for a year that saw so much tumult in the gaming market," Israel Posner, executive director of the Lloyd D. Levenson Institute of Gaming Hospitality and Tourism at Stockton College told Reuters.
Online gambling revenues totalled $123 million in its first full year of reporting with the Borgata/Party partnership holding a 36 percent share of that figure.
Online Casino News Courtesy of Infopowa
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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
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