International Online Gambling Revenue Increases as US Comes Online
18 October 2013
Online gambling giant 888 Holdings is predicting a jump in revenue due to the number of U.S. states relaxing the ban on Internet gambling. The London-listed firm runs online poker and online casino sites internationally as well as performing operations in Nevada. In the coming weeks, it should also have an online premise in Delaware and New Jersey as the two states roll out their own Internet gambling programs.
888’s Chief Executive, Brian Mattingley, stated in an AP article, “In 2014, we should start to see some meaningful revenues come through.” With only three states currently in the pipeline, however, the size of the revenue boost may not be as substantial as investors hope for. “California is the prize,” said Mattingley, “We are working flat out to identify some quality partners out there.”
Despite slow growth in other sectors, 888 Holdings reported a 2% increase in revenues in the third quarter, keeping its trades in line with forecasted expectations.
In related news, Golden Nugget Casino has just been awarded a license to offer web-based gambling in Atlantic City–the second casino in New Jersey to be cleared for launch.Bally Technologies will be providing the technology behind GoldenNuggetCasino.com and GoldenNuggetPoker.com. The New Jersey online gambling market is expected to come online on November 26th.
19 October 2010New Jersey Looking at Intrastate Online Gambling
While the federal government is slowing grinding away at regulating online gambling and the courts deciding that regulating online gambling will be left up to individual states to decide, several states have been trying to work something out including Florida, California and New Jersey. New Jersey Governor Chris Christie has come up with two expansions to help save the New Jersey gambling industry and hopefully help bring his state much needed revenue.Read full article
11 November 2010Another Push for NJ Online Gambling
It seems just like in Florida and California as well as some Canadian provinces; New Jersey needs to bring in some money to the state treasury. Also just like these other places they are looking at online gambling to do it. State Senator Ray Lesniak ( D-Union) bill is proposing just that, that the people of New Jersey be allowed to play poker, baccarat, and other classic casino games online.Read full article
16 November 2010New Jersey One Step Close to Online Gambling
On Monday, New Jersey came one step closer to regulating online gambling within the state. State Senator Ray Lesniak’s bill passed the Senate Budget and Appropriations Committee by an overwhelming 10-1 vote and now will become considered by the full Senate. S-490 would allow Atlantic City casinos to offer online versions of their games. The bill is aimed to help support the states horse racing and casino industries who have had trouble making it in these troubled economic times.Read full article