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New Jersey iGaming: Do Falling Profits Give Cause for Pause for Online’s Future within the Garden State?

New Jersey iGaming: Do Falling Profits Give Cause for Pause for Online’s Future within the Garden State?

Nj iGaming is struggling, despite initially projections that are dazzling their state’s Governor Chris Christie.

Is brand New Jersey iGaming in trouble? That’s the stressing question many folks are now asking following the round that is latest of financial reports.
The first piece of news to rock the gaming industry in the Garden State had been that Atlantic City’s brick-and-mortar venues had suffered a profit drop that is year-on-year.
Comparing 2014′s October take to 2015′s figures, the resort town’s system of live casinos made $197.7 million in the former, compared to $191.6 million in the latter.
This disparity represented a 3.1 per cent decline and a sign that is potential the city isn’t that great regeneration many had hoped for.
Poker’s Poor Performance
Adding to this disappointment was the revelation that online poker also hit a block that is stumbling October.
Looking especially at those numbers, 2015 was a month that returned 8 percent more money than the state’s operators generated in September 2015 ($1,913,403 vs. $1,771,123) october.
Nonetheless, while this news was a confident, it absolutely was tinged with another wave of disappointment after it became clear that the latest month of operation represented a 2.8 percent year-on-year drop.
In October 2014, nj’s collective of online poker sites banked $1,967,905. In contrast, 2015′s combined revenue amounted to $ […]

By |February 26th, 2020|Casino Room Casino|0 Comments|

Daily Fantasy Sports Declared Illegal by Nyc Attorney General

Daily Fantasy Sports Declared Illegal by Nyc Attorney General

Brand New York Attorney General Eric Schneiderman was astonished to uncover in his research into daily fantasy sports that the best operators were engaged in deceptive advertising, simply one of the multiple reasons he’s announced the marketplace unlawful.

Day-to-day fantasy sports (DFS) is not legal in nyc following a study by the state’s lead legal attorney, market leaders DraftKings and FanDuel both getting cease-and-desist letters on Tuesday.
‘Our investigation has found that, unlike traditional fantasy recreations, daily fantasy activities companies are engaged in illegal gambling,’ ny Attorney General Eric Schneiderman said in a press launch.
‘Daily dream sports is neither victimless nor harmless, and it’s also clear that DraftKings and FanDuel are the leaders of a massive, multi-billion-dollar scheme meant to evade the law and fleece sports fans in the united states.’
Schneiderman revealed his office found DFS operators engaging in ‘deceptive marketing to lure customers into an unregulated online gambling procedure,’ but said that training wouldn’t carry on his watch.
Sides Square Off
The confrontation between Schneiderman and the two leading daily fantasy operators has quickly taken an ugly and turn that is combative.
The attorney general of course initiated the quarrel, composing in his letter that is cease-and-desist that are clearly placing bets on events outside of their control or influence,’ citing tha […]

By |February 26th, 2020|Casino Room Casino|0 Comments|