According to gaming analyst for Janney Montgomery Scott

Online gaming revenue could hit USD 1.8 billion

(US).- Brian McGill, a gaming analyst for Janney Montgomery Scott, said to Las Vegas Review-Journal, said that online poker will grow in New Jersey, but that Delaware was unprepared for an iGaming launch.
2013-12-12
Reading time 42 seg
(US).- Brian McGill, a gaming analyst for Janney Montgomery Scott, said to Las Vegas Review-Journal, said that online poker will grow in New Jersey, but that Delaware was unprepared for an iGaming launch.

"We still think that online gaming will ultimately grow into a meaningful driver of revenues in New Jersey,” McGill said. “But it will take some time to see it ramp.”


McGill believes that annual revenues can fall “on the high side” of the us$ 200 million to us $1.8 billion estimates.

As for Delaware, where online websites are run by horse tracks and in conjunction with the state lottery, McGill isn't as bullish. “There was little promotion or information unless you went to one of the track’s sites," he said. “You could not find any information initially at the actual casino in the track.”

He believes that online gaming could be a "significant catalyst" for Boyd Gaming Corp., the operators of the Borgata Hotel Casino & Spa. McGill says that the Borgata could represent up to 20 percent of the Garden State's online gaming market.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR