Pennsylvania Online Gambling Could Generate $113m In Annual Tax Revenues
Back in December 2013, Pennsylvania lawmakers commissioned a feasibility study on the future potential of Pennsylvania’s gambling industry. That Econsult report, entitled ‘The Current Condition and Future Viability of Casino Gaming in Pennsylvania’ was then presented to the Pennsylvania Legislative Budget and Finance Committee this week, with the message clearly in favour of a future […]
Borgata/Party Poker Expects To Turn NJ Profit By Year’s End
Despite having made a $3.2 million loss for the first quarter of 2014, multi-jurisdictional gaming company Boyd Gaming is hoping its New Jersey online gambling operation, alongside its platform partner bwin.party, could soon return positive results, with Boyd Gaming CEO Kevin Smith stating that it expects online gambling to be “cash flow neutral or profitable […]
Minnesota Lawmakers Move To Stymie Online Lottery Expansion
While the state of Minnesota has had an online lottery for several years, various interest groups are now seeking to put an end to the practice, whilst hoping movement on the issue could also serve as a preemptive ban on other types of internet gambling in the Midwestern state. The bill (HF 2207) introduced by […]
Delaware Online Gambling Shows Improvement In March
In March, Delaware‘s igaming industry may have remained small but the market did at least show signs of further improvement with both online gambling and poker posting increases in revenues. Overall, the state’s three online gaming sites generated $206,833 in revenues, up 20% compared to the previous month, with casino games soaring by 32.4% to […]
Payment Processing Biggest Issue Holding Back NJ Igaming Industry
New Jersey launched its first regulated online gambling site in 2013 and in March 2014 the state’s six casinos holding internet licenses produced $11.9 million in revenues, up 15% over the $10.3 million generated in February. The results may be just one tenth of the projections made pre-regulation, but they do at least show the […]
Nevada Online Poker Revenues Rise 12% In March
Almost one year after launching its first online poker operation, Nevada‘s nascent industry is showing signs of improvement and in March reported $926,000 in revenues, up by 12.2% compared to the previous month. The Silver State’s land-based casino industry is also showing promising growth and in March generated 7.6% more revenues at $982 million, the […]
Full Tilt Poker Expands Further Into Casino Gambling
In January of this year, The Rational Group launched online casino games on its Full Tilt Poker site, although at the time its offering was restricted to just roulette and blackjack. A few month later and the company is preparing for the next phase of its operations after announcing a partnership with Swedish casino games […]
