..

NJ Online Gambling Operators Hamstrung by Credit Card Authorization Problems

Written by:
Gilbert Horowitz
Published on:
Feb/13/2014
NJ Online Gambling Operators Hamstrung by Credit Card Authorization Problems

The Financial Times on Thursday noted that New Jersey may not be living up to expectations where its burgeoning online gambling industry is concerned.  The main obstacle: getting through the signup process, and that includes getting money on the respective websites.

From the Financial Times:

But operators are hamstrung by teething problems that include getting credit card companies to process deposits and the slow process of website registration.

Brian Mattingley, 888’s chief executive, said that while the operational issues at launch time have eased, they had not gone away.

“It's difficult to promote your business when having access to your operation is hard, not only in terms of accessing and logging on but getting payments authorised through credit cards,” he said.

“But it’s still only 10 weeks into the project and I am encouraged by the 28 per cent growth. The problems we have with software and dealing with the regulator are minimal. We will see a much more gradual build than a sudden massive lift.”

Ivor Jones, Numis analyst, told the Financial Times it’s still too early to call Internet gambling in New Jersey a failure. 

“We would have preferred to see higher revenues but the potential remains for an acceleration later in the year as . . . problems are resolved. Marketing, too, has yet to get fully into its stride,” he said.

- Gilbert Horowitz, Gambling911.com

 

Gambling News

Where Can I Find a Good Pay Per Head Sportsbook Solution for Bakersfield, CA (2020)

RealBookies is an excellent Pay Per Head sportsbook solution for bookmakers and agents in the Bakersfield area.

No Social Distancing at Meadowlands With Covid-19 Questionnaire Line

If you showed up at the Meadowlands Race Track Friday evening, chances are you had to participate in a Covid-19 screening that could best be described as an "epic fail".

Things to Know About Online Bookies

Things to Know About Online Bookies

Online bookies have had a massive surge in popularity in the last 5 years.

How Do You Know if a Site is Trustworthy?

How Do You Know if a Site is Trustworthy?

With the threat of cyberhacking and dummy sites all over the internet, people always need to be careful when surfing the web. There are some easy things you should always look for when trying to decide whether or not a site is trustworthy. Here are three easy ways to tell!

Popular Gamer Dead at 31, Reported Suicide

Popular Gamer Dead at 31, Reported Suicide

The highest rated player in Warcraft and the creator of Play Everland tragically committed suicide on Thursday. Byron ‘Reckful’ Bernstein was 31.

Syndicate