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New Jersey July iGaming Numbers

The New Jersey Division of Gaming Enforcement (NJDGE) has release their revenue numbers for July which shows growth with both a year-on-year and month-on-month basis. You can see their press release by clicking this link.

http://www.nj.gov/oag/ge/docs/Financials/PressRel2015/July2015PressRelease.pdf

The final numbers total to $12.5 million, which represents an increase of 24.4% on the $10.1 million in July of 2014. It’s also a jump from the $11.7 million posted in June of this year.

Total online gaming numbers for the year-to-date is now at $84.5 million, and increase of 15.6% on the $73.1 million at the same point in 2014.

Borgata, PartyPoker and Pala Interactive continue to lead in New Jersey with revenue of $3.8 million in July, up from $3.2 million last year.

NJ Online Poker Still Lagging

Online poker in New Jersey continues to struggle posting a $1.8 million in revenue compared to 2.1 million a year ago which represents a decrease of 12.2%. However, when comparing the July online poker numbers to last month, it was up slightly by $50,109.

Total gaming revenue for New Jersey, comprising online and land-based activities, amounted to $257.5 million in July, up 8.1% from $238.3 million last year.

For the year to date, the state’s total gaming numbers are at $1.5 billion, down 9.4% in the $1.6 billion posted last year.

However, taking into account the closure of four casinos since then in that time, this July’s figure instead represents year-on-year growth of 4.8%.

bwin.party-CEO-Norbert-Teufelberger

GVC Holdings raises their offer to acquire Bwin.Party

bwin.party-CEO-Norbert-TeufelbergerThe news a couple of weeks ago that 888 Holdings had won the competition to buy Bwin.Party might have been premature. 888 Holdings’s rival in a buyout has re-entered the with a better offer than one which was turned down earlier in July.

GVC Holdings entered a $1.55 billion bid for Bwin.Party Digital Entertainment, in an attempt to beat a rival reported as $1.3 billion from 888 Holdings. Bwin.Party accepted the deal from the 888Holdings, though this latest offer could muddy the waters.

The earlier offer from GVC Holdings and Amaya Inc. was for $908 million, but was declined. The current $1.55 billion offer from GVC does not have Amaya Gaming, the owner of PokerStars and Full Tilt Poker, as a partner.

Davy Research Data

Davy Research released the following analysis: “This is a real statement of intent from GVC. The proposed premium over the accepted offer by 888 is such that the bwin.party board will probably have no choice but to reconsider its acceptance of the 888 offer. We would be surprised if 888 does not come back with a counter-offer of its own.”

GVC Holdings said the latest offer would include new GVC shares, along with a $443 million loan from Cerberus Capital Management. GVC also said Amaya Gaming would not be a part of the second offer. The original offer had Amaya Inc. picking up some of Bwin.Party’s sports betting assets, a level of complexity which Bwin’s board felt was too complex for their tastes.

Jason Ader Is Leaning Towards 888’s Offer

Despite having the biggest bid on paper, activist investor Jason Ader said he still views the offer from GVC Holdings as “inadequate” and would vote for the 888 holdings offer as it stands. Ader’s word holds a great deal of sway, because he is one of the top 5 investors Bwin Party. Also, he holds two of the seats on the board of directors, because he won the right last year to sit on the board and appoint someone else to a seat on the board, as well.

The latest GVC offer appears to be at 122.5 pence per share. This consists of 25 pence in cash and the remaining cash at 97.5 pence in new GVC shares. The deal sounds like it is 18% higher than 888’s offer price of 104.09 pence, but the fact investors are being asked to take more speculative stocks makes the 888 holdings offer look better, at least to one key person.

Big Impact on New Jersey Market

Whoever win the bidding war, the transaction should have a big impact on the New Jersey online gaming market. Bwin.Party is a partner with Borgata, which leads the online casino and online poker site numbers for the New Jersey gaming market. The company which ends up owning Bwin is going to be the leader in New Jersey iGaming.

If the winner ends up being 888 Holdings, the lead is likely to be insurmountable, because 888 Holdings also works in partnership with Caesars Interactive, the number two competitor in the NJ market. If so, then 888 Poker might be able to compete with PokerStars in the New Jersey online market, if PokerStars ever is approved. But even if GVC Holdings wins the Bwin-Party bid process, then GVC should be a major player in America’s number one legal market at the moment.

NJPS - wsop review

WSOP Poker New Jersey

[taq_review]  [one_third] WSOP Software Review [/one_third][one_third] WSOP Mobile Review [/one_third][one_third_last] How To Register WSOP [/one_third_last] [button link="http://wlcaesarsinteractive.adsrv.eacdn.com/C.ashx?btag=a_15690b_66c_&affid=309&siteid=15690&adid=66&c=" type="big" color="red"]Click here for your 100% first time deposit bonus up to $400! [/button] WSOP Cash Games Averages about 100-150 people playing cash games at any given time. Stakes being played most are anywhere from .1/.2 up to $5/10. Pot Limit Omaha and stud games are also available. WSOP Tournaments Has daily $5 rebuys, a night slate filled with $10 rebuys, as well as a nightly $10k and $5k guaranteed. [box type="shadow"] Current Majors: Daily 5k  |  $5,000 Guaranteed  |  Buyin $11 (Rebuy)  |  Monday - Sunday 9:00 PM Nightly 10k  |  $10,000 Guaranteed  |  Buyin $27.50 (Rebuy)  |  Monday - Sunday 7:00 PM Sunday 50k  |  $25,000 Guaranteed  |  Buyin $215  |  Sunday 6:00 PM They have a number of other $500 Guaranteed - $10,000 Guaranteed tournaments throughout the day, as well as weekend specials. [/box] WSOP Promotions WSOP has a rewards system that pays you cash for player points. They also run a poker tournament series every few months that draws many players. Sign up here and get your 100% deposit bonus up to $400!

WSOP Quick Review

Traffic - 7
Promotions - 5
Software - 7
Support - 8

6.8

Overall

WSOP is a top notch NJ poker site with great nightly tournaments, cash games, and new promotions and events every month.

7
 

WSOP Software Review

WSOP Mobile Review

How To Register WSOP

Click here for your 100% first time deposit bonus up to $400!

WSOP Cash Games

Averages about 100-150 people playing cash games at any given time. Stakes being played most are anywhere from .1/.2 up to $5/10. Pot Limit Omaha and stud games are also available.

WSOP Tournaments

Has daily $5 rebuys, a night slate filled with $10 rebuys, as well as a nightly $10k and $5k guaranteed.

Current Majors:

Daily 5k  |  $5,000 Guaranteed  |  Buyin $11 (Rebuy)  |  Monday – Sunday 9:00 PM

Nightly 10k  |  $10,000 Guaranteed  |  Buyin $27.50 (Rebuy)  |  Monday – Sunday 7:00 PM

Sunday 50k  |  $25,000 Guaranteed  |  Buyin $215  |  Sunday 6:00 PM

They have a number of other $500 Guaranteed – $10,000 Guaranteed tournaments throughout the day, as well as weekend specials.

WSOP Promotions

WSOP has a rewards system that pays you cash for player points. They also run a poker tournament series every few months that draws many players. Sign up here and get your 100% deposit bonus up to $400!

NJPS - party review

Party Poker New Jersey

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Party Poker NJ Quick Review

Traffic - 7
Promotions - 8.5
Software - 7.5
Support - 4

6.8

Overall

Party Poker, who shares their player pool with The Borgata, has a high quality online poker platform offering some of the best cash games and tournaments available in NJ.

7
 

Party Software Review

Party Mobile Review

How To Register Party

Click here for $25 free cash and 100% first time deposit bonus up to $600!

Party Poker NJ Cash Games

Averages about 126 players on the cash game tables, and around 50 ring games going at peak hours. Stakes being played most are anywhere from .1/.2 up to $5/10. Pot Limit Omaha and stud games are also available. Shares player pool with Borgata.

Party Poker NJ Tournaments

Has a great daily tournament schedule with $1k guarantees. $5 and $10 rebuys at night, along side a $100 $10k, $50 $5k, and a $200 turbo $2k guaranteed. Shares player pool with Borgata.

Current Majors:

Daily 10k  |  $10,000 Guaranteed  |  Buyin $100  |  Monday – Sunday 7:00 PM

Sunday 50k  |  $50,000 Guaranteed  |  Buyin $200  |  Sunday 5:00 PM

Daily 5k | $5,000 Guaranteed | Buyin $50 | Monday – Sunday 8:00 PM

They have a number of other $500 Guaranteed – $5,000 Guaranteed tournaments throughout the day.

Party Poker NJ runs plenty of satellites and free rolls into most of their majors, live events, and even WSOP and WPT events.

Party Poker NJ Promotions

Party Poker has a rewards system that offers clothes, accessories, cash, and other bonuses you may buy with your player points. They have run numerous poker tournament series with huge success.Sign up here and get a $20 free cash bonus and a 100% deposit bonus up to $600!