Borgata COO Tom Ballance appeared on CNBC's Squawk Box to discuss online gaming in New Jersey.
Internet betting is not a threat to brick-and-mortar casinos,
Ballance argued. "When we match up databases, the great majority of
players who were playing online have not been to Borgata in well over a
year. And the vast majority have made fewer than two trips in the past
year. So it's a different customer."
There's
also a different demographic for the online gambler, he contended. "It
skews more male than the conventional brick-and-mortar customer."
Answering critics who say Internet gaming makes it too easy to bet
since gamblers don't have to leave their homes, Ballance said: "Online
we actually have more controls. ... You
don't extend credit online. You've got to fund your account somehow ...
through your checking account or through a credit card."
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