Atlantic City casinos posted their first annual gaming revenue gains in a decade, and the credit is primarily due to their online gambling operations. Figures released Thursday by the New Jersey Division of Gaming Enforcement show the state’s seven surviving casinos generated brick-and-mortar gaming revenue of $189.7m in December, a 6.8% gain over December 2015. Throw in the $18.4m generated by state-licensed online gambling sites and the year-on-year gain rises to 8.6%. If you compare only the revenue generated by the seven casinos that were open to the public in both Decembers, the year-on-year brick-and-mortar gain rises to 13.6%, while…

NetEnt has cited a continued growing demand for digital casino entertainment and its products as amongst the main reasons behind widespread year-on-year financial growth across the business during the 12 months through to December 31, 2015. Full-year revenue amounted to SEK1.1 billion (€119.5 million/$134.9 million), which represents an increase of 33% on the SEK851.7 million achieved in the previous year. Operating profit hiked 53.5% year-on-year to SEK401.6 million, while operating margin increased from 30.7% to 35.5%. Elsewhere, profit after tax increased by 53.8% to SEK374 million, with earnings per share also jumping from SEK6.09 to SEK9.34 after dilution. Other key…

States that draw revenue from casinos should regulate online gambling, as online has a complementary, not cannibalistic, effect on land-based gambling. That’s one takeaway from a recently published study entitled “Consumer spending in the gaming industry: evidence of complementary demand in casino and online venues” penned by gambling experts Kahlil S. Philander, Brett Abarbanel and Toni Repetti for International Gambling Studies. The authors advise that “US operators should recognize the positive value that online gambling can have with relation to their online operations,” suggesting that operators are best served integrating online gambling as part of their overall offering, as opposed…

iGaming Business – The New Jersey Division of Gaming Enforcement (DGE) has reported that the US state experienced an increase in online poker revenue in July, ending three consecutive months of declining sales figures. The three licensed online poker operators in New Jersey took just under $2.2 million (€1.6 million) in July, which was up 4.8% on the $2 million generated in the previous month. Despite the increase, July proved to be the second least successful month since online poker became regulated in New Jersey last year, with June of this year being the least successful in terms of revenue…

iGaming Business – New Jersey online poker revenue levels hit a new low in May after the US state’s Division of Gaming Enforcement (DGE) reported a second consecutive monthly decline in internet poker revenue. The DGE posted online poker revenue of $2.3 million in May, a decrease of about 12.3% compared to the previous month. In April, the state also suffered a 19.3% month-on-month revenue drop to $2.6 million, but the May figures place online poker revenue at its lowest since it became regulated in New Jersey late last year. Total internet gaming win for May was $10.5 million, down from…

Ekathimerini – Greek gambling monopoly OPAP, one of Europe’s biggest betting firms, said it expected revenue to grow by a double-digit percentage this year, thanks to the planned launch of new games. The forecast was included in a presentation released on Wednesday, a day after the company announced higher-than-expected first-quarter profit due to cost cuts and the robust performance of its sports betting game Pame Stoichima. OPAP, whose sales reached 3.7 billion euros last year, launched a scratchcard game on May 1. Chief Executive Kamil Ziegler said on Wednesday that the company would also expand into online sports betting by…