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New Jersey shows improved online gambling revenue in May

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According the latest figures released, the New Jersey Division of Gaming Enforcement (DGE) show the state’s licensed online gambling operators posted a combined revenue of $24.3m in May, an increase of 15.3 per cent higher the same month last year. It is just $1.3m behind the market’s all-time peak in March of this year.

Online casino revenue also surged by 18.1 per cent year-on-year to just under $22.4m, while online poker was down 9 per cent to a little over $1.9m. On the plus side, May’s poker total was an improvement from April’s $1.76m and the rate of decline was roughly half the 17.5 per cent year-on-year fall recorded in May 2017.

For the year-to-date, total online gambling revenue is up 15.5 per cent to over $116.8m, with online casino up 19 per cent to just under $107.5m while poker is down 13.5 per cent to just under $9.4m.

In what has become a familiar pattern, the Golden Nugget’s casino-only online operation continued to dominate its Garden State competitors, collecting $8.6m in May, an $470k improvement from April and just $50k below its all-time record in March.

The Borgata family of sites ranked second on the revenue chart with just under $4.6m (nearly $443k from online poker), essentially flat from the previous month. Caesars Interactive Entertainment had a solid showing with $4.1m ($770k from poker), up $600k from April, in part due to the WSOP and 888 online poker sites now sharing liquidity with Nevada and Delaware.

Resorts Digital Gaming placed fourth with $3.6m (nearly $717k from its PokerStars NJ partner) while the Tropicana’s casino-only offering slipped to fifth place with $3.4m.

New Jersey’s online market reports will soon feature a new vertical: sports betting. The state is set to accept its first legal land-based wagers on Thursday, and the online wagering could commence in mid-July, assuming the DGE can craft the necessary regulations and approve online wagering licenses within that span.

 

Source: CalvinAyre.com

Source: European Gaming Media and Events

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Caesars and Eldorado Set Date for Shareholders Meetings

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Caesars Entertainment and Eldorado Resorts have announced that they will hold separate shareholder meetings on November 15 to vote on their proposed US$17.3 billion merger.

The meetings will see Caesars shareholders cast their vote at Caesars Palace in Las Vegas from 9 am Pacific Time while Eldorado shareholders will converge on Eldorado Resort in Reno. At stake is one of the biggest corporate gaming industry deals in history, with Eldorado looking to acquire the entire outstanding share capital in Caesars by way of a US$7.2 billion cash payment, 77 million Eldorado common shares and the assumption of Caesars’ outstanding net debt.

If approved, Caesars will merge with Eldorado subsidiary Colt Merger Sub Inc and become a new wholly-owned Eldorado subsidiary existing under the Caesars name.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Caesars and Eldorado Set Date for Shareholders Meetings

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Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

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Watch the winning blaze explode !

Tom Horn Gaming’s new slot game, Hot’n’Fruity, promises to satisfy any craving for a feature-packed, visually attractive gaming entertainment.

In recent months the provider has upped its game, releasing more engaging titles with new innovative features, while still keeping classic player experience alive. This well-balanced combination of new ideas, presented in the form of game mechanics, and a tried and tested game concept, theme or visual is reflected also in Hot’n’Fruity.

Despite its thematic simplicity, this 5-reel slot is extremely engrossing due to its nifty features and winning rhythm. There are two symbols to look for. A W-star symbol appears anywhere on the screen and acts like a random Wild showering players with unexpected big wins.

R-stars are the ultimate characters to come across in Hot’n’Fruity as they trigger a Respin Wild feature when they land on the 2nd, 3rd or 4th reel. They expand to cover the whole reel, remaining in place while the other reels respin.

This game is sure to award lucky players with many winning opportunities. In addition to a nicely devised winning pattern, the art style is extremely well drawn and quickly pulls players into the settings.

The game is just another fruity slot, but a more inspired, nuanced alternative sure to capture the attention of players in many markets. It is available worldwide from 15th October 2019.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Tom Horn’s Hot’n’Fruity promises classic entertainment with huge winning potential

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Privatisation of FDJ to Begin in November

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Bruno Le Maire, France’s finance minister, has revealed that the subscription period for Française des Jeux’s (FDJ) initial public offering (IPO) will run from November 7–20. The privatisation of FDJ, the leading operator in Europe, in being anticipated as one of the year’s main highlights.

Bruno Le Maire said that French people and investors will have the chance to subscribe to FDJ shares between November 7 and November 20. He added that the state will not fix a limit for the offering, and that retail investors will get one free share for every 10 shares purchased and a 2% discount on the offer price.

The French state currently holds 72% of FDJ, but after the privatisation, it will only have 20% of the company. Government spokeswoman Sibeth Ndiaye said that the ordinance ends the FDJ monopoly to replace it with a limited-term right, set at 25 years and renewable.

“I hope that this privatisation popularly succeeds with the widest participation possible,” Le Maire said. The minister added that the privatisation will allow the company to develop and reach its full potential.

As part of the privatisation, the French government unveiled the creation of the L’autorité nationale des jeux (ANJ), which will replace L’autorité nationale de régulation des jeux en ligne (ARJEL).

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Privatisation of FDJ to Begin in November

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