The 2nd week of 2016 provided statistics that made operators in Pennsylvania and New Jersey nothing less than ecstatic. Pennsylvania posted record numbers last year to $3.17 billion, topping the previous high of $3.16 billion set in 2012. This information was released by the PGCB on Friday.
The four casinos in the Philadelphia area had $1.19 billion in revenue, up 3.9 percent form $1.14 billion the year before. Slots revenue was up 2.8 percent locally, while table games revenue gained 6.6 percent. The 4 Philly casinos include Parx, SugarHouse, Harrahs and Valley Forge. These outstanding numbers are a prelude to the Philly Live project that is expected to start construction within the next 11 months.
New Jersey Online Gaming
hit a new monthly revenue high in December and full-year
revenue improved by more than 20 percent.
The Atlantic City leaders in December were Borgata and Caesars Interactive.
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| Borgata |
According to figures released Wednesday by the Division of Gaming
Enforcement, state-licensed online operators reported revenue of $14m in
December, 6% more than November reported 13.2 million
and 30.8% higher than December 2014’s total. The online casino
vertical rose 39% year-on-year to $12m, while poker revenue fell 3.6% to just
under $2m. For the year as a whole, the state’s online revenue came to $148.8m, 21% higher
than 2014. Total online casino revenue in 2015 came to $125m, up one-third from
2014, while poker revenue fell 18% to $23.8 million. This is confirms that online gaming is trending in the right direction.
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| Governor Brian Sandoval |
Lastly, Gov. Brian Sandoval officially reconvened the Nevada Gaming Policy Committee to discuss skill-based games and daily fantasy sports, among other issues.
According to a statement from his office, Sandoval signed an executive order to reconvene the 12-member committee, which includes the governor, select members of the legislature, a tribal representative, members of the public and other appointees, including gaming regulators and licensees.
"The industry is constantly changing as more states and countries enter into this increasingly competitive field, and I believe the changes we are witnessing demand the attention of Nevada’s policy leaders," Sandoval says in the statement.
According to the statement, "The objective of the Committee is to gather input from various constituencies, including the public, on gaming policy issues, for possible future consideration by Nevada’s Gaming Control Board and Gaming Commission, as appropriate."
The committee meet no later than March 15 and deliver non-binding recommendations before October. I am curious to see which licensees will be on the committee. I'll report that information in a future post. I want to note that the Associated Press was the source of the Nevada related news. It was condense to fit this post.
I was 2-2 last week during NFL wildcard weekend with the best bet losing. Texans + 8.5 in a teaser.
This week my best bet is #Seattle + 8.5 in a teaser. Enjoy the games.
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