Endorsed by Gambling911

Borgata Posts Quarterly Loss for Online Poker in New Jersey

Written by:

Ace King

Published on:

Aug/01/2014

Borgata Posts Quarterly Loss for Online Poker in New Jersey

The Borgata Hotel and Casino in Atlantic City, partnered with bwin.party, has posted a quarterly operating loss of $1.8 million for the period of June 30.

It did, however, reach a “key milestone” by breaking even during the month of July.

The Borgata and bwin.party were widely seen as having gotten off to the strongest start in the newly opened New Jersey online gambling market through aggressive ad campaigns. Ongoing payment processing issues, particularly with a high credit card decline rate, have stymied growth since that time.

The Borgata, which is owned by Boyd Gaming, enjoys a 29% share in the state’s Web gambling market, even greater than the 23% share of its Atlantic City brick and mortar business.

A recent downturn in online gambling could be attributed to the warmer weather, Boyd Gaming suggests.

- Ace King, Gambling911.com

Gambling News

Before and After The Google March Core Update: 'Best Online Casino Bonuses'

Some affiliate site owners likely wanting to jump off a cliff. So who benefitted and who got crushed? You might be surprised.

DRF Bets Not Really Closing Ahead of Kentucky Derby

DRF Bets assured customers this week that their Iowa-only betting site will be up and running come the Kentucky Derby....but, yes, they did sort of send out a message they were closing too.

Are Self-Exclusions on Sportsbook Apps Leading to Multi Year Casino Bans?

In a shock tweet this week, a gentleman by the name of Kyle Cartwright is claiming that a friend partook in the much touted self-exclusion profess on various sportsbook apps....then this happened....

NY Post: Jake Paul vs. Mike Tyson Betting Line Sees Massive Movement at BetUS

Our long time friend Tim Williams of BetUS was recently interviewed by the New York Post in regard to the big line shift for the widely anticipated July 24 Jake Paul vs. Mike Tyson exhibition fight. So what gives?

Possible applications of AI in online casinos

Artificial intelligence (AI) has long since found its way into various industries, where it is permanently changing the way business is conducted. Online casinos in Germany are no exception. The use of AI technologies opens up numerous application possibilities that not only increase efficiency but also improve the gaming experience. This article presents the most fascinating applications of AI in online casinos.