{"id":12476,"date":"2014-01-15T16:18:42","date_gmt":"2014-01-16T00:18:42","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=12476"},"modified":"2020-12-03T05:55:02","modified_gmt":"2020-12-03T13:55:02","slug":"online-gambling-is","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/online-gambling-is\/","title":{"rendered":"Online gambling is …"},"content":{"rendered":"

\"Internet<\/a>… a success, according to Seeking Alpha<\/em>. On the other hand, Telsey Advisor Group<\/strong> projects New Jersey<\/strong> to flop, eventually only grossing $90 million<\/a>, not the half-billion envisioned by some. Bloomberg Businessweek<\/em> reports “mildly disappointing” numbers and that Internet wagering will have to double its pace<\/a> to keep casinos from posting an eighth year of revenue declines in 2014. Still others advocate a wait-and-see attitude<\/a>. Nonetheless, Gov. Chris Christie<\/strong> (R) needs a 20X increase in play or he’ll have egg on his face at year’s end. He predicts $1.2 billion, compared to Bloomberg Industries<\/strong>‘ $425 million projection — and even the latter may well be a stretch.<\/p>\n

Brand names made a difference, with Borgata<\/strong> capturing 44% of the revenue, a significant coup for Boyd Gaming<\/strong>. Another 29% was scarfed up by Caesars Interactive<\/strong>. So one’s \"boyd-gaming-200\"<\/a>bricks-and-mortar reputation clearly carries weight with online punters. (“When matching our online and land-based databases, we found that 60 percent of online casino customers had not been to Borgata in over a year, and over 75 percent had made fewer than two trips to Borgata in the past yea<\/em>r,” said Boyd CEO Keith Smith<\/strong>, in a press release.) Trump Entertainment Resorts<\/strong> won 15%, leaving table crumbs for everyone else.<\/p>\n

The brick-and-mortar casinos were dominated by Borgata, of course, but Revel<\/strong> showed fits of life. It posted a 27% revenue gain, grossing $155 (a quarter of Borgata’s haul). And even if the online numbers weren’t disappointing, that may not be enough to forestall an Internet gold rush in 11 other states. Pennsylvania<\/strong> is expected to lead the charge. The challenges are serious, including how to exclude problem gamblers. But where there is money, the Lege is never far behind.<\/p>\n","protected":false},"excerpt":{"rendered":"

… a success, according to Seeking Alpha. On the other hand, Telsey Advisor Group projects New Jersey to flop, eventually only grossing $90 million, not the half-billion envisioned by some. Bloomberg Businessweek reports “mildly disappointing” numbers and that Internet wagering … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,60,14,7,37,95,90,157,19,169],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12476"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=12476"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12476\/revisions"}],"predecessor-version":[{"id":28869,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/12476\/revisions\/28869"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=12476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=12476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=12476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}