Regulated online betting in New Jersey has seen a drastic increase in the month of December as well as the whole 2015 by over 20%. A report that was released by the Division of Gaming Enforcement on Wednesday indicated that income from online operators who are licensed by the sate recorded at $14 million in December. As compared to November when the revenue stood at $13.2 million, the report indicated a 6% growth. In relation to the total revenue generated in 2015, the report indicated that there was a 30.8% rise as compared to 2014. A 39% rise on revenue in year-on-year for casino vertical read at $12 million. Nonetheless, there was a drop in the poker income down by 3.6%.

In total, income generated in 2015 alone was recorded at $148.8 million. This was a 21% rise as compared to 2014’s income. 33% rise was also evident in the total online casino in the whole 2015 to record at $125 million in comparison to the one recorded in 2014. However, there was a slight drop in the poker revenue sector by 18% to stand at $23.8 million.

As the trend has always been, Pala combo/Bwin.party/Borgata had the mammoth share of the income generated in December at $3.96 million. From this figure, poker contributed $1.1 million whereas casino brought in $2.85 million. Total revenue accrued by Borgata was at $45.7 million which was a rise from 2014’s $44.3 million. This came despite poker overseeing a drop of 17%.

Caesars Interactive Entertainment on the other hand recorded December income at $3.1 million from which $2.23 million was from casino and $874k from poker. However, a drop in the 2015 year was recorded to $32.7 million from $32.9 million in 2014. This was as a result of the drastic decline of poker income from $13.3m in 2014 to $10.7 million in 2015.

The Golden Nugget casino had total December income at $2.87. Its total yearly income rose by nearly 300% to record at $31 million in 2015 from $10.8m in 2014. This was due to their amalgamation with the Betfair New Jersey.

Tropicana casino had December income at $2.8 million with yearly income rising by 45% to record at $32.8 million. Resorts casino Hotel on the other hand had December income at $1.3 million.

With the economy of Greece subsiding, the government heads have come up with one idea of incorporating a betting strategy that would improve the economy. This move will involve having a fresh way of licensing the Internet betting operators. This comes after its previous system collapsed. The new system will go to an extent of welcoming foreign casinos to apply for the license.

For long it has been evident that residents of Greece have been huge fans of online gambling. On that matter, the country has a number of betting casinos such as Jackpot City Casino, Dublinbet casino as well as 2winbet. Nonetheless, despite having these amazing casinos, the national government has failed in incorporate a well managed licensing strategy which has seen huge chances being lost. Since 2013, the betting operators have attributed an amount believed to be less than €60,000. This is an insignificant amount of revenue that a whole nation can recuperate from the betting operators.

Nonetheless, the little amount collected over the period has brought some sense by the Greek Syriza government which has said that it will initiate a new project that has segmented schemes on how the licensing to betting operators should be conducted. When this is done, the government has set eyes on average income from taxes from betting operators to about €500 million per year. The €500 million revenue raise from €60,000 is a huge task and it will take much effort and vigor to achieve it. The Deputy Finance Minister of Greece Tryfon Alexiadis claimed that the government will do all it can to oversee this income rise as from this year. The new regime of having a new license would be crucial in the creation of a substantial in having a peaceful betting environment which will attract more clients especially from outside the nation.

During the election campaign, the Greek ruling party brought up a strategy of having 7 distinctive pylons with each license going for €3 million. This will be a big boost for online operators who would smile all through with the knowledge that the authorities have no intention of curtailing their profit margin in any way. The project is on look out as to how the Greek government will incorporate it without having particular agendas of interest.