Best New Jersey Casino News

LeoVegas Casino, a popular online casino in the United Kingdom and Ireland, is now expanding its operations to the North American market, specifically the New Jersey online casino market. LeoVegas is known for its innovative game selection, high-quality customer service, and competitive bonuses. The company will be opening up a shop in New Jersey with games like Wheel of Fortune Slots as well as classic table games such as Blackjack and Roulette.

When Is LeoVegas Casino Stepping Into The New Jersey Online Casino Market?

LeoVegas is opening up a new online casino in New Jersey in the United States. This will be a good thing because we are becoming the biggest market for gambling.LeoVegas will now offer gambling in the state of New Jersey through an agreement with Caesars Entertainment which provides market access.

LeoVegas will use its own technical platform to make their company in the USA. This strategic choice will enable the company to provide a unique and competitive gaming experience for New Jersey customers. As part of the process of launching LeoVegas in NJ, its platform will be certified by regulatory authorities.

LeoVegas is all set to enthrall its fans with a series of stellar promotions and loads of opportunities.

LeoVegas, one of the largest online gaming operators in the world, plans to do business with those living in New Jersey – where casino gambling will soon be permitted. LeoVegas will soon be stepping into the New Jersey online casino market. The American market has immense growth potential, and players are just now discovering online gaming. In NJ too, LeoVegas is going to focus on what they do best – an innovative world-class experience in mobile phones. It’s important to have a proprietary platform. When you do, you are in control of your own technology. You have something that other people don’t, and that can be good for you.

LeoVegas Casino Revolutionizing The Online Gambling Market

The state of New Jersey has a population of 9 million and was one of the first states in the United States to legalize online gaming.New Jersey’s online gaming market is the largest in the USA. In 2020, it made over 1 billion dollars. There are more than 20 brands that offer online casino games in New Jersey and their tax is 17.5% of Gross Gaming Revenue.

LeoVegas has a good technical platform. They have it on Google Cloud so it can be stable and scalable. It is licensed for seven jurisdictions, or licenses. This means that it can work in these places. Rhino does more than 60 game integrations from casino providers, sportsbooks and more than 30 payment service providers. Rhino also supports Open Banking.

About LeoVegas Casino

LeoVegas is the King of Casinos. The company offers games for Casino, Live Casino, Bingo and Sports. LeoVegas is a company that is located in Sweden and it mainly operates in Malta.The company’s shares are listed on Nasdaq Stockholm.

Atlantic City has seen its share of ups and downs over the years. The coastal town in South Jersey banked its future fortunes on real money casino gambling in the 1980’s. Elaborate casino resorts filled the historic Boardwalk area in the coming years. Ebbs and flows in the tides and economy saw many of those initial casino properties fail. Bankruptcies shuttered some properties in hopes of brighter days.

In recent years, a new wave of investment flooded the town with new casinos and renovations. According to www.pressofatlanticcity.com, the area’s nine casino properties are now poised to eclipse $3 million in 2019 gaming revenue. This would be a significant revenue benchmark for the Atlantic City casino industry.

How Are The Atlantic City Casinos On Target For $3 Billion in Gaming Revenue?

Along with two new casino properties on the Boardwalk, a huge driving force is legal sports betting. Gaming revenue has also been expanded through online casino sites. These sites work in conjunction with the nine land-based operations.

The AC casino industry did generate more than $3 billion in revenue in 2012. At the time, there were 12 casinos open for business. The introduction of legal sports betting and online gambling has driven revenue back to $2.86 billion in 2018.

James Plousis is the chairman of New Jersey’s Casino Control Commission. He attributes this year’s continued success to teamwork within the industry. All nine properties continue to steer funds towards capital improvements. There is also a much stronger emphasis on customer service. This keeps players gambling in Atlantic City while also attracting new visitors to this gaming beach town.

Mr. Plousis was quoted as saying:

“All the casinos have upped their game in regards to entertainment and amenities. I think all of these things are paying off. We’re trending in the right direction.”

Revenue figures have increased for 16 consecutive months. This dates back to the duel openings of the Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort. Both properties opened for business in June of 2018.

Also quoted in this post is Rummy Pandit. This is the Director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism at Stockton University. It was noted that the $3 billion milestones was “an achievement and a feat we need to celebrate.”

The quote also went on to add:

“We’ve been positioned to surpass $3 billion in revenue for the last few months. Despite growing competition and the fact that other areas might have sports betting or online gambling, Atlantic City is becoming a destination resort.”

The state Division of Gaming Enforcement released a total gaming revenue figure of $2.46 billion through September. The revenue is derived from:

1. Slot Machines
2. Table Games
3. Online Gaming
4. Sports Betting

These four categories are up 15.5% compared to the same time frame last year. Online gaming was first legalized in 2013. It is just now starting to build momentum with $339 million in revenue in the first nine months. This represents a 57% increase over the first nine months of 2018. Sports betting revenue has reached $77 million through September, 2019.

• Source: Atlantic City casinos on pace for $3 billion in gaming revenue From Pressofatlanticcity.com On October 23, 2019.

Golden Nugget’s Online Take Could Exceed Land-Based Revenue! That would be a first in U.S. history! When internet gaming was approved for New Jersey, it was hailed as a savior for some, while for others there was considerable skepticism. Now, it’s been successful enough for one entity that it is set to make gaming history in the next few months.

Golden Nugget’s Atlantic City Online Casinos Revenue Soars

The Golden Nugget in Atlantic City may soon become the first land-based casino enterprise in America where the land-based revenues are actually exceeded by those revenues generated over the internet.

They are not there yet, but at this rate, it could be October or November of this year when their internet action passes the physical casino take.

This would have been almost unthinkable a year ago when the brick and mortar operation was bringing in 2.3 times that of the online business.

But to say the gap has narrowed would be a major understatement.

The Golden Nugget’s exploits in this area have been more than notable. In March they set a new internet gaming record for New Jersey as they produced $14.23 million. Of course, some of this was aided by “March Madness” promotions.

In April, the difference between offline and online was only $1.6 million.

In May they generated a little less than $14.1 million, which was about $3 million below the physical casino total. That was a 64% increase over May 2018.

How This New Jersey Gambling Site Reaches Internet Sucess

So how has the Golden Nugget realized so much in the way of internet success? Thomas Winter, the general manager of online gaming for the company, suggests that they have focused on New Jersey residents primarily over the last five years or so, while competitors have concentrated more on patrons located in bordering states. As you may know, internet gaming, as it is regulated by the state of New Jersey, is open only to those customers IN the Garden State and not outside of it.

There is also an interesting dynamic involving the demographics for internet gaming. Winter is saying that his company’s land-based business is not being “cannibalized” by the online business, mostly because the online players are skewing much younger and tech-savvy, coming to the action through their computers and mobile devices.

In addition, those who are now engaging in sports betting through mobile or online means (New Jersey recently instituted legalized sports betting, after getting a federal law against it – the Professional and Amateur Sports Protection Act – thrown out) also get involved in playing online casino games. And sports has allowed for tremendous growth in and of itself.

Land Based Revenues Were 2.6 Million Less

Despite what Winter says, there would seem to be some residual effect from that, as the land-based revenues were $2.6 million less this May than they were in May 2018.

At any rate, the organization is ecstatic, because, as they say, the technology isn’t going backward. And some of the success could also be attributed to getting a “running start,” as the Golden Nugget got very comfortable with operating online perhaps a little quicker than its Atlantic City rivals. They also concentrated more on creating an exciting user experience.

They have continued to do that. They were the first to offer a live dealer casino, which, ironically, replicates the brick-and-mortar casino atmosphere online, as players come in through computers or mobile devices and challenge who play against them on behalf of the house in real time, with the activity coming through over a high-definition video feed.

For the month of May the Golden Nugget is in second place as far as overall gaming win among the Atlantic City casinos (at over $31.2 million). And as far as the “online vs. land-based” comparison is concerned, Resorts Atlantic City is the only other operation that comes close to it. All the others are lagging well behind.

Revenues from internet gaming are expected to soar well above $400 million for Atlantic City this year, going as high as $450 million.

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More and more we see new partnerships emerge in the legally regulated IGaming industry. Ultimately, this holds true to real money gambling sites in the United States of America. More specifically, we are seeing a lot more partnerships in The US IGaming markets, New Jersey and Pennsylvania.

According to an official press release by Lyceum Media, Game Secure and Sightline Payments decide to work together. If you are not familiar with GameSecure, they are a technology based gaming solutions company. Moreover, the partnerships bridge the gaps in between payment services and digital self-exclusive technology. As the desired result, their goal is to ensure that people gambling their money over the Internet get the best security.

Sightline payments has a headquarters in the city of Las Vegas Nevada. Additionally, Bencon Technology’s headquarters is in Vancouver Canada . From Vancouver to Las Vegas, these companies plan to ensure that the real money customers that are at risk get their access denied for payments and content in real-time.

Security In The United States Of America’s Regulated Gambling Industry

In the first quarter of 2019, The regulated United States gambling market had tons of violations that excludes their honest real money from getting content. Moreover, these violations cost a lot of money and firms continue to be out of compliance. The unfortunate thing is that the damage to those patrons is already done.

However, GameSecure has a solution that includes its real-time database that ensures safety for their customers. If they find a gambling operator that is out of compliance, GameSecure’s real-time database solutions ensure these operators are denied access. With a strong partnership with The Sightline’s Play+ platform, this allows the two companies to install another layer of security for the real money casino players.

Security Of Real Money Players Payements Plus More

In a recent press release on Lyceum Media, The Co-Founder of Bencon Technologies Inc, Cameron Conn make a statement. He says, “The Sightline team has been committed to responsible gaming for more than 20 years. Furthermore, it excites them to announce this important partnership,”

At Sightline, they don’t believe there is one singular solution that addresses all of the concerns that players have as far as security. Ultimately, this is why they partnered with GameSecure, to enable better and more secure content and payment services across The United States. Additionally, he says that together, they can discover better solutions that will continue to give the highest level of security to their real money casino customer in the responsible gaming programs.”

When you think about it, Sightline is in a very unique position In The United States Of America. First of all, their Play+ ecosystem covers almost one hundred percent of digital platforms. Also, Sightline’s Play+ ecosystem covers around ninety percent of the real money US casino gambling management solutions. Kirk Sanford is the CEO and Founder of Sightline Payments. He says, with their SPAN Network, they can work together to help ensure the security of The United States residents that gamble online at regulated sites/apps.

Keith Whyte is the Executive Director of the US National Council on Problem Gaming. He goes on record to in the press release. He says “Congratulations to Bencon and Sightline. Ultimately, this-this step is to help further integrate responsible gaming into payment methods for the regulated gambling industry. Moreover, Streamlining player protection is a very important goal for the National Council on Problem Gambling. More specifically, it pleases them to support this type of innovative effort.”

Sandord goes back on record in the press release. He says that people have been using Self-exclusion programs for many years already. For example, on-premise ATM providers. Having said that, until now nothing exists for the Internet that is going where the regulated gambling industry is going.”

Source: Lyceum Media

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