Seeking Alpha

Borgata reports May online casino totals

  • Borgata (MGM, BYD) reports it earned $4M from its online gaming operations in May.
  • Though the casino operation improved its stand-alone market share by 200 bps to 29.8%, the level of revenue is far below early projections.
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Comments (2)
  • Mike Maher
    , contributor
    Comments (2732) | Send Message
     
    The app asks you for your social security number, which is why I stopped trying to sign up. I'd rather gamble on one of the handful of offshore sites where I dont have to give out my social, where I have been gaming for 5+ years already. The NJ casinos give you no reason to choose their offerings over any of the established players.
    13 Jun 2014, 03:12 PM Reply Like
  • Howard Jay Klein
    , contributor
    Comments (144) | Send Message
     
    This is a clear case where the brick and mortar product is so far superior to any form of online gaming experience that the results falling so far short of projections is no surprise. NJ players flock to Borgata because it is by far the best overall gaming/resort experience in AC. Its convenience "brand" on line as it were offers no big thrill to NJ people who can get in the car and in under two hours at most, experience the real thing. Especially if its sign up requirements include mandatory information like SSNs which are becoming perilous to have floating around cyberspace in this era of identity fraud. The commentor is totally correct.
    13 Jun 2014, 04:03 PM Reply Like
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