Gambling in the USA

New Jersey Chalks Up Impressive Swell in February Sports Betting Winnings

Published

1 year ago

March 20, 2023

The numerous casinos and horseracing tracks in the American state of New Jersey saw their aggregated February winnings from sports betting rise by 10.4% year-on-year to just over $412 million.

The information released by the New Jersey Division of Gaming Enforcement included land-based and online sports betting revenues with winnings from this former activity having increased by 1.2% year-on-year to almost $215 million. However, the same figures showed that only three of the eastern state’s nine casinos encompassing the Borgata Hotel Casino & Spa, the Hard Rock Hotel & Casino Atlantic City and the Ocean Casino Resort won more from in-person sports wagers than they had for the corresponding period in 2019.

The New Jersey regulator explained that local winnings from online sports betting in February had risen by nearly 10% year-on-year to reach $142.5 million largely thanks to interest in Super Bowl LVII. The monthly handle tied to this annual gridiron championship extravaganza totaled $847.4 million with $54.6 million having been left following the payment of winning wagers and other expenses.

“Locally, the addition of two new casino resorts to the established seven has disrupted market share,” Jane Bokunewicz, Director for the Lloyd Levenson Institute at Stockton University, said. “The local market pie has grown but the way that pie is cut has changed, shifting in favor of the newest entrants to the market.”

Breaking the figures down further and the Borgata Hotel Casino & Spa recorded in-person February sports betting revenues of $12.2 million, which equated to a swell of 14.3% year-on-year. This saw the 2,767-room Atlantic City property’s overall win for the 28-day period improve by 8.8% to $57.4 million with its online operation having chalked up a 7.4% rise to take the overall monthly tally to $101.2 million.

For the nearby Hard Rock Hotel & Casino Atlantic City facility and in-person February sports betting revenues grew by less than 1% year-on-year to some $37.5 million with its related combined online and land-based win having dropped by an analogous percentage to approximately $44.4 million. The situation was worse for the 1,400-room Ocean Casino Resort as on-site sports wagering receipts fell by 11.5% to $26.2 million with the merged tally sitting 2.2% down at something like $30.1 million.

Elsewhere and in-person February sports betting revenues for the Caesars Atlantic City facility improved by 1.4% year-on-year to just over $19 million with this tally having improved by less than 1% to hit $19.2 million when Internet and sports wagering monies were included. The Golden Nugget Atlantic City venue similarly won $11.1 million from on-site sports wagering, which equated to an almost 14% decrease, with its co-mingled tally having remained virtually static at $47.8 million.

In-person February sportsbetting revenues for the Harrah’s Atlantic City property improved by 8.1% year-on-year to $21.3 million while the 942-room Resorts Casino Hotel and the 2,300-room Tropicana Casino & Resort Atlantic City experienced slight declines as their finishing on-site tallies came in at $12.6 million and $17.2 million respectively.

Among Internet-only entities and Resorts Digital saw its February online sports betting win reach $48.2 million, which represented a swell of more than 25% year-on-year, while the tally for Caesars Interactive NJ disappointingly decreased by 17.5% to $8.3 million.

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Gambling in the USA

Games Global Launches Custom Slot Game Caesars Palace Frenzy with Caesars Digital

Published

7 days ago

April 22, 2024

Alan Campbell

Launch marks the first bespoke game launch in the partnership between gaming operator and premier gaming provider

Games Global today announced the exclusive launch of Caesars Palace Frenzy, a Caesars-branded slot title that marks the first bespoke game launch on behalf of Games Global’s partnership with premier gaming operator Caesars Digital. Caesars Palace Frenzy is now exclusively live on Caesars Palace Online Casino in New Jersey with plans to expand to Michigan and Pennsylvania, offering players another highly engaging, operator-specific gaming experience with iconic Caesars Palace branding.

Caesars Palace Frenzy combines the excitement of the Las Vegas Strip’s iconic casino with innovative gaming dynamics crafted by Games Global. Designed exclusively for Caesars Digital online casino players, this game delivers an online slot experience with engaging gameplay, sophisticated graphics and dynamic features like scatter pays, multiplied free spins selected by a concentric wheel and a seven-tier jackpot line-up.

This launch demonstrates Games Global’s continued emphasis on partnering with top iGaming operators to deliver exclusive and custom gaming products to players.

“Working closely with Caesars Digital to create Caesars Palace Frenzy has been an exciting journey,” the Chief Executive Officer for Games Global, Walter Bugno, said. “This game is more than just an online slot experience, it is an adventure that mirrors the thrill and grandeur of one of the world’s most iconic destinations. We’re thrilled to see it come to life and deliver a unique blend of entertainment and gaming.”

“We’re committed to collaborating with top gaming providers to launch custom online casino experiences for our players that can’t be found anywhere else,” the Senior Vice-President and Chief iGaming Officer for Caesars Digital, Matt Sunderland, said. “Caesars Palace Frenzy delivers on that commitment by providing an elevated gaming experience that we’re certain our players will enjoy.”

Gambling in the USA

Alabama-Coushatta Tribe of Texas Announces Plans to Build New Casino Resort

Published

7 days ago

April 22, 2024

Niji Narayan

The Alabama-Coushatta Tribe of Texas has announced the plans to build a brand-new casino resort on its Tribal lands in Polk County.

“We are incredibly excited to embark on this new chapter. This new casino resort will not only provide significant economic benefits for those living and working in the region, but it will also become a vibrant destination for visitors,” Ricky Sylestine, Chairman of the Tribal Council, said.

While specific details are still being finalized, the new resort may offer a variety of amenities including a state-of-the-art casino floor, hotel accommodations, and diverse dining and entertainment options.

The Tribe has engaged the architectural firm FFKR to design the new resort. FFKR is known for its innovative and creative designs. The Tribe is confident the firm will create a truly exceptional destination.

In addition to the new casino resort, the Tribe is planning an extensive remodel to its existing Ischoopa/One Stop Convenience Store and Truck Stop. The remodel will include adding electronic bingo machines.

The Alabama-Coushatta Tribe of Texas will be releasing news related to the new resort and any additional developments in the coming months.

Gambling in the USA

BetConstruct to Display Its Products and Services at Sigma Americas

Published

1 week ago

April 18, 2024

Peter Tolan

BetConstruct, a leading company in iGaming technology and services, is heading to Sigma Americas in Sao Paulo, Brazil from April 23-25, 2024.

Sigma Americas is a major event focusing on iGaming with 10,000 delegations and more than 200 professional speakers. This event serves as an exceptional platform for participants to present their innovative offerings, engage with fellow industry leaders, and establish new business relationships.

BetConstruct is poised to introduce its cutting-edge products and solutions to the growing Brazilian market at the upcoming event. As a premier provider of online iGaming solutions, the company will showcase its comprehensive range of services to all attendees, offering diverse solutions tailored to meet their specific needs and preferences.

Moreover, BetConstruct will demonstrate its newest Spettacolare offer by Mr. First, which is a fleeting opportunity to maximise user profits and explore the potential of FTN.

Attendees of the event can find BetConstruct in the Transamerica Expo Center at Stand O60, where they will have the opportunity to gain a comprehensive understanding of BetConstruct’s products and solutions.