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Figures released Sept. 12 by state gambling regulators show that New Jersey gamblers plunked down more than $95 million on sporting events, more than twice as much as a month earlier. (AP Photo/Wayne Parry) ATLANTIC CITY, N.J. (AP) — One of the world's largest online gambling companies has launched mobile sports betting in New Jersey, the latest to do so in the rapidly expanding market. The Stars Group told The Associated Press that it launched its BetStars app Thursday night.
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Ignoring the aforementioned write-off, net profit after tax fell two-thirds to AU$18.3m. Star Vegas bore the brunt of the decline, with revenue down 42% and earnings down 54%. The loss of its Thai junkets caused VIP turnover to fall by half, which was compounded by VIP win falling half a point to 3%. On the plus side, visitation was essentially flat. To buck up Star Vegas, Donaco signed up five new junket partners, and August 2018 enjoyed the property’s strongest monthly turnover since October 2015. The property has also refreshed its slots offering and signed up a new Chinese tour group operator. In Vietnam, Donaco’s Aristo International Hotel reported revenue down 1.2% to RMB132m (US$19.3m), thanks mainly to a 12.7% sure in non-gaming revenue, which now makes up 46% of the property’s total revenue. VIP turnover was also up 46% thanks to new junket deals. Donaco CEO Joey Lim announced Thursday that Star Vegas’ long-delayed online gambling operations have officially taken flight at Dnalive666.com and Dnacasino.com. The operation offers live casino and sports betting products through multi-language and multi-currency services via both desktop and mobile. The online operations are being overseen by Vivo Tower Ltd, with which Donaco inked a junket deal in June 2017.
For the original version including any supplementary images or video, visit https://calvinayre.com/2018/08/30/business/donaco-launches-online-gambling-operations/
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