Five Atlantic City casinos are involved in online gambling. And all five find online gambling to be extremely beneficial to their land-based businesses.
In addition to a new revenue stream, all five New Jersey online gambling operators have found: New customers are creating the bulk of online accounts; Online gambling has helped casinos reengage with lapsed customers who were inactive for a year or more; Active customers who register an online account do not decrease their land-based spend or visitation frequencyBased on the experiences of the New Jersey operators, the cannibalization concerns being raised in Pennsylvania are wholly misplaced.
Caesars has never feared cannibalization. In 2013, Mitch Garber, who ran Caesars Interactive, told CNBC, “It’s been proved for a long time, in the UK and Australia, that online gaming does not cannibalize offline gaming.”
Atlantic City casinos meet deadline From iGaming Business
All twelve of the land-based casinos in Atlantic City have now notified the New Jersey Division of Gaming Enforcement regarding what intra-state online gambling deals they have made or intend to sign.
According to a report from the Reuters news […]
Tropicana 5th New Jersey casino to get Internet gambling permit Press of Atlantic City - Tropicana Casino and Resort became the fifth casino to receive an Internet gambling permit in the state of New Jersey today.
The state began issuing permits last month with Borgata Hotel Casino & Spa becoming the first Atlantic City casino to be […]
Geolocation technology improves for online gaming Philly.com - New Jersey Internet gambling regulators have eased the parameters used to determine that an online gambler is actually in the state, Brian Mattingley, chief executive of 888 Holdings P.L.C., said Friday.
"By allowing us a little bit more flexibility and easing the […]