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Global lotteries growth continues in 2012, Gaming Intelligence

Worldwide lottery sales increased by 13 per cent during the first quarter of 2012 following growth across all regions, according to latest figures released by the World Lottery Association.

 

In North America, participating lotteries recorded a 16 per cent increase in sales, buoyed by strong customer demand for the Powerball and MegaMillions games which helped several U.S lotteries to post record first quarter results.

 

Participating European lotteries showed the lowest growth of all the regions as sales rose by just 4 per cent during Q1. There were strong performances from Italy’s Lottomatica and Norway’s Norsk Tipping.

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Believeing in federal legislation is naive says expert, Gambling911

Believeing in federal legislation is naive says expert, Gambling911 | Poker & eGaming News | Scoop.it

"Those who think the U.S. government will pass a law, a federal Internet gambling law, that's naive," said Richard Bronson, chairman of US Digital Gaming. "In a Congress that can't agree on what day it is, the thought that they're going to agree to put casino gambling in every living room in America is ridiculous."

 

He and others at the conference predicted that individual states will pass their own online gambling laws, approving it in much the same way that state lotteries have since they spread to 43 states in the absence of a single national lottery.

 

"Forty million people visited Las Vegas last year; 40 million people visit Facebook every five days," he said. "Why wouldn't our industry want to take advantage of the bright opportunities facing the casino industry?"

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Georgia suburban police Arrest 6 in Female Gambling Ring, Gambliing911

Georgia suburban police Arrest 6 in Female Gambling Ring, Gambliing911 | Poker & eGaming News | Scoop.it

Police seized 9 gambling machines and $15,000 in cash and arrested 6 women in 2 suburban homes. Police say men were allowed inside but it appears only women could gamble.

 

Georgia is well-known for swamps, chicken and Coca-Cola. It is also one of the most restrictive states in America when it comes to gambling. The only games allowed in Georgia is state lottery and bingo.

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Overview of all gambling laws state by state, Legal Poker Sites

Overview of all gambling laws state by state, Legal Poker Sites | Poker & eGaming News | Scoop.it

Florida followed by Iowa are the states with the most gambling varieties available. Utah and Hawaii are the two states where virtually no gambling is legal.

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Licensing fees will soon be decided in Nevada, iGaming Post

Licensing fees will soon be decided in Nevada, iGaming Post | Poker & eGaming News | Scoop.it

Next month the Nevada Gaming Policy Committee will decide what gaming license applicants should pay $500,000 for an initial one-year license and $250,000 a year to renew it? Nevada will according to the proposition, also collect a gross gaming tax revenue, has the lowest proposed fees by far as well as the lowest tax rate in the nation at 6.75 percent. The Nevada Gaming Commission will meet June 21 do decide.  

 

California, has legislation pending that would require a $30 million license fee that would serve as a credit against monthly taxes imposed on gross gaming revenue. Just to apply for a license would cost from $1 million to $5 million. California is the largest demographic state with 30 million residents compared to Nevada’s 3 million.

 

Florida plans a nonrefundable $10 million fee credited against its 35 percent gross gaming tax in addition to an annual licensing fee of $500,000.

 

Massachusetts will seek a $10 million fee that would be credited against gross gaming tax revenue.

 

Other sources:

http://www.legalpokersites.com/blog/nevada-considers-lower-gambling-fees/ http://www.vegasinc.com/news/2012/jun/15/nevada-considering-some-lowest-online-gaming-licen/

 

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Atlantic City casino revenues falls 10% year-on-year, Innovate gaming

Atlantic City casino revenues falls 10% year-on-year, Innovate gaming | Poker & eGaming News | Scoop.it

May was a bad month for Atlantic City’s 12 casinos. Gross gaming revenue fell 9.5 percent year-on-year to $263m, with slot revenue down 9.3 percent to $186.9m and table revenue down 10.2 percent to $76.1m. This compares to the $212.5m taken in May by Pennsylvania’s slots alone.

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6 new applicants for Nevada makes it in total 30, Casino Online

The latest applicants for a Nevada online gaming license includes:

- Wynn Resorts Limited

- WHG Ltd (Playtech)

- Global Cash Access

- Z4 Poker LLC

- LV Gaming Ventures LLC

- SG Gaming Inc (ScientificGames)

 

The Nevada Board recommended the applications of

- Bally Technology

- International Game Technology

- William Hill plc

 

Other sources:

http://www.gambling911.com/gambling-news/wynn-resorts-applies-nevada-online-poker-license-talks-zynga-061112.html

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Texas Republican denies Poker Players Alliance entry to convention, TwoPlusTwo

Texas Republican denies Poker Players Alliance entry to convention, TwoPlusTwo | Poker & eGaming News | Scoop.it

The Poker Players Alliance believed this convention would be an excellent way to present issues of importance to Texas poker players, from Internet poker legislation before the U.S. Congress to the effort to establish poker rooms in the state. We applied for an exhibitor booth during their convention from June 7-9 in Fort Worth and unfortunately our application was DENIED. Party activists made it clear that their convention is closed to those groups or individuals that do not represent the Texas Republican Platform.

 

Texas Republican representative Joe Barton opposes the official party line:

“Poker is the All American game and Texas Hold’em is a natural for Texans to play - in fact I learned to play in Boy Scouts. It is a game of skill, not one of chance. Recent rulings in Washington have set up a scenario that could open online poker to predatory overseas gambling operations.

We need to properly regulate the game online so we can we can protect players from illegal activity and create new revenue for Texas– that is why I believe it shouldn’t be against the Republican Party platform.

The Poker Players Alliance isn’t part of any gambling lobby. They are just a group of normal people working hard to restore rights to law abiding citizens who like to play poker. I think they should be allowed to have a booth at the state convention.”

 

 

Other sources:

http://www.rollcall.com/issues/57_121/Poker-Players-All-In-on-Joe-Barton-Bill-213775-1.html

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Land-based casino providers decreased 11% further in May 2012, InnovateGaming

Land-based casino providers decreased 11% further in May 2012, InnovateGaming | Poker & eGaming News | Scoop.it

After reporting a slight decline for the first time since Nov 2011 in April, the AGEM index witnessed a more dramatic decrease of 11% in May 2012.

 

AGEM index: -11,3%

Dow Jones Industrial: -6,2%

S&P 500: -6,3%

Nasdaq: -9,8%

 

Selected negative contributors to the AGEM index included:
Konami, KNM: -27.4 %
International Game Technology, IGT: -8.2 %
WMS Industries, WMS: -16.2 %

 

The AGEM index comprises of the largest land-based casino providers including: Aristocrat Technologies, Aruze Gaming America, Austrian Gaming Industries, Bally Technologies, GTECH / Spielo International, International Game Technology (IGT), Intralot S.A., Konami Gaming, Scientific Games, Video Gaming Technologies (VGT), WMS Gaming and Shuffle Master.

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Right-wing fundamentalists want US to block Internet bets, Boston Globe

Right-wing fundamentalists want US to block Internet bets, Boston Globe | Poker & eGaming News | Scoop.it

The U.S. Justice Department ruled in December that in-state online bets not involving sports teams do not violate federal law. That has touched off a race by cash-strapped state governments to try to legalize Internet gambling.

 

The groups advocating internet bans claims that the added tax revenue to state governments will be more than offset by the societal costs of expanded gambling, particularly if it is made as easy as logging on to a computer. Poor consumer protection or the expansion of illegal gambing operators as a result of banning of regulated egaming does not concern the groups.

 

The fundamentalist groups relies on no research and claims that women right to abortion, gay marriage, taxes and separation between state and church threatens the family and the constitution. They do not mention that one of the innovations of the American constitution was the separation between church and state.

 

Other sources:

http://pokerupdate.com/news/law-and-legislation/family-groups-urge-congress-to-stop-online-gambling/

http://www.gaming-awards.com/NEWS/archives/10427 http://www.igamingbusiness.com/content/anti-gambling-groups-step-lobbying-efforts

 

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California exchange betting delayed by one year, Gaming Intelligence

Betfair's hopes of launching its betting exchange product in the U.S state of California this year have been dashed after the Thoroughbred Owners of California (TOC) agreed to delay implementation of regulations for one year.

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Number of companies trying to enter Nevada is growing, GamblingCompliance

William Hill is trying to aqcuire American Wagering Inc., Cal Neva Sports Book and Brandywine Bookmaking. The leading betting provider in Nevada is currently Cantor Gaming.

 

The Nevada Gaming Commission adopted licensing regulations for interactive gaming on December 22 last year. As many as 10-12 companies could be licensed to either operate or support interactive poker in Nevada before September.Other European online companies are looking to come under Nevada’s regulatory umbrella as the state becomes the first in the U.S. to open up to online poker.

 

Applications for Nevada online poker supplier licenses:

- IGT

- Bally

- WMS

- Aristocrat

- Shuffle Master (Ongame)

- Spielo International/G2

- Scientific Games

- Bwin.Party

- 888

- Playtech

 

Applications for Nevada licenses to operate Internet poker websites:

- Caesars Entertainment

- MGM Resorts - bwin.party

- Boyd Gaming - bwin.party

- Penn National’s M Resort

- Wynn Resorts

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California Voters Split On Online Poker, PokerUpdate

California Voters Split On Online Poker, PokerUpdate | Poker & eGaming News | Scoop.it

A recent poll conducted by the Los Angeles Times found that almost half of those surveyed would favor the state's regulation of online poker if the promised $200 million yearly would benefit education and public safety.

 

Other sources:

http://www.pokerplayernewspaper.com/content/will-broke-california-legalize-online-poker-or-sports-betting-12134

http://www.scpr.org/programs/airtalk/2012/05/15/26489/california-online-gambling/ ;

http://www.pe.com/local-news/politics/politics-headlines-index/20120712-survey-voters-receptive-to-sports-betting-split-on-online-poker.ece

 

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Station Casinos launching free online gaming site, Ron Sylvester at LasVegasSun

Station Casinos launching free online gaming site, Ron Sylvester at LasVegasSun | Poker & eGaming News | Scoop.it

The owners behind Station Casinos, Fertitta Interactive, in Las Vegas are launching a free online gaming site on Friday June 22, beginning with a Facebook poker game the developer calls the most authentic experience in cyberspace. The play-money offering will be used to promote real-money gaming when it becomes legal.

 

UFC fights have the potential to reach 1 billion homes in 148 countries, with a predominantly male audience that is also drawn to online gaming. It is almost the same demographic as online poker.

 

UFC has a community of 8 million on Facebook and 2.4 million Twitter followers. Ultimate Gaming plans to launch a mobile application later this year. All the games are being developed by CyberArts, a company Fertitta Interactive bought last year.

 

Other sources:

http://www.gaming-awards.com/NEWS/archives/10775

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Legal racing company front for Mexican drug cartel, CNN

Several hundred US agents raided Oklahoma and New Mexico stables this week and arrested seven members of Mexico’s Zetas cartel for laundering drug money through the horse tracks. A total of 14 defendants were charged with conspiracy to use horse racing and breeding to launder more than 20 MUSD of the cartel’s drug money.

 

In the 1940’s Las Vegas and the Mafia were synonymous. It seems like money from the mafia still have an impact.

 

Other sources:

http://www.innovategaming.com/2012/06/mexico-cartel-busted-horse-racing-scheme/

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Cantor enters California with first mobile casino deal, Gaming Intelligence

Cantor Gaming, the mobile gaming and in-running betting solutions provider, has made its first move into the U.S state of California with the signing of an agreement to provide a complete mobile casino gaming solution to the Colusa Casino Resort, including Xtra Odds Blackjack and Xtra Odds Baccarat, as well as new games that the company is preparing to release during the next three months.

 

In addition, a selection of slots, table games and video poker will also be made available to Colusa customers on Cantor's mobile gaming platform.

 

Other sources:

http://www.innovategaming.com/2012/06/cantor-enters-california-mobile-casino-deal/

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Current US laws are bizarre says Caesars CEO - Online poker will be legal soon, CNN

"People will be able to play online legally in the United States in many places very soon... We have this bizarre situation where it is legal for an American to play online poker for money using a game that is provided by an illegal offshore entity. I think it is very hard to imagine why we would allow Americans to buy a service that no American company can offer."
 
Under a federally regulated scenario, the U.S. online poker industry could rake in $6 billion to $8 billion a year. If states did this on their own - and that appears the most likely deveopment at present - the revenue would be $2 billion to $3 billion to start.
 
The federal government would get about 15 percent of that revenue if it regulated online poker, accoring to Caesar CEO Loveman.

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Nevada gaming revenues up 6% and continues positive trend, Chris Sieroty RGT Online

Nevada gambling revenues rose more than 6.1 percent in April, to $855.7 million, compared with the same month last year. The single-digit increase was a return to the plus side after a 10.8 percent decline in March. The state posted revenue increases of 5.7 percent in February and 18.4 percent in January.

 

Other sources:

http://pokerati.com/2012/06/nevada-gaming-revenues-continue-shaky-rise/

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Ongame powers 2 US casino giants, Ongame News

Ongame powers 2 US casino giants, Ongame News | Poker & eGaming News | Scoop.it

It was announced today that Ongame will power the online offering for two of the worlds largest casino providers: Bally and Aristocrat.

 

John Connelly, Bally Technologies’ Vice President of Business Development:

"Bally is pleased to offer Ongame’s proven poker platform, which will provide a unique offering through its integration on Bally’s iGaming platform. Bally Technologies and Aristocrat Technologies have agreed to offer Ongame as one of their preferred poker solutions, thus creating a combined liquidity pool for our customers. Bally’s objective is to place the control in the hands of the operator. We are providing the necessary tools to have a single view of the player by incorporating existing and online gaming systems, while allowing operators to have the ability to cross-promote between traditional land-based and online consumers."

 

Kelly Shaw, Vice President of Systems Sales & Marketing at Aristocrats:

"We already created one of the best online gaming solutions in nLive, and now we wanted to further enhance the product by giving operators the ability to access and offer to their players Ongame’s premier poker content. Today both Aristocrat and Bally Technologies have agreed to offer Ongame as one of their preferred poker solutions. We have already begun work on integrating the Ongame poker solution into our nLive platform, and it is our intent to offer customers the opportunity to participate in a combined liquidity pool that will be beneficial to their customers and to the operators themselves."

 

Gavin Isaacs, Shuffle Master’s Chief Executive Officer:

"We are confident that this relationship between Shuffle Master, Ongame, and Bally will create the opportunity for gaming operators to control their data, establish liquidity, and ensure their suppliers are truly committed to a B2B model. It is relationships such as this that made us truly excited about bringing Ongame into the Shuffle Master family and opportunities like this only build momentum before the pending closing of our acquisition."

 

http://www.marketwatch.com/story/bally-technologies-shuffle-master-inc-and-ongame-networks-ltd-establish-a-business-to-business-online-partnership-2012-06-12

http://finance.yahoo.com/news/aristocrat-shuffle-master-ongame-network-130200052.html ;

http://calvinayre.com/2012/06/12/business/bally-shuffle-master-and-ongame-threeway/ ;

http://www.gamingintelligence.com/business/16383-ongame-joins-ballyaristocrat-online-gaming-b2b-platform ;

http://news.investors.com/article/614524/201206121107/bally-shuffle-master-team-up-on-online-poker.htm

 http://casinoonlinemarketing.com/2012/06/ongame-network-agrees-business-to-business-online-partnership/

 http://pokerfuse.com/news/law-and-regulation/bally-partners-shuffle-master-bring-ongame-software-nevada/ ;

http://www.innovategaming.com/2012/06/bally-shuffle-master-ongame-establish-b2b-online-partnership/ ;

http://www.igamingbusiness.com/content/ongame-network-agrees-business-business-online-partnership

 http://seekingalpha.com/article/648671-shuffle-master-a-fair-bet-after-getting-decked?source=google_news

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Isle of Capri show 125 MUSD loss due to write-offs, G3

Isle of Capri show 125 MUSD loss due to write-offs, G3 | Poker & eGaming News | Scoop.it

The locals operator, with 15 domestic properties, reported a fourth-quarter loss of US$124.8m against a profit of $10.9m for the same period last year. Whilst quarterly net income increased to $15.35m and adjusted results beat analysts’ expectations, the quarter’s results were skewed by the pending sale of its Isle Casino Hotel inBiloxi, Mississippi, to Golden Nugget Biloxi.

 

President and Chief Executive Officer Virginia McDowell said: “We recorded a charge of $112.6m to write-down the value of the property to the sale price of $45m. The impairment charge and operating results of the property have been reflected in discontinued operations.”

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Poker Players Alliance believes in Nevada and New Jersey, Sportsbook Review

Poker Players Alliance believes in Nevada and New Jersey, Sportsbook Review | Poker & eGaming News | Scoop.it

The Nevada Gaming Control Board (NGCB) has recommended that Bally Technologies Inc., as well as Interactive Game Technology (IGT) receive full interactive gaming licenses. The operator and manufacturer licenses will allow both companies to service Las Vegas casinos with iGaming technology — including online poker software. John Pappas expressed optimism that operations could be underway by Q4 of 2012.

"New Jersey's had bills already passed through both the house and senate. They've taken legislation all the way to the Governor's desk, which was vetoed, but they've revised that legislation and hopefully it will be suitable for the Governor.  I don't think we'll see much action (in NJ) until later this summer, but I would say the next domino to fall would be New Jersey."

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Isle Of Capri Reports Q4 Growth, Gambling Compliance

Isle of Capri reported revenues for its fiscal quarter ended April 29 of $291m, up 12 percent from $256.6m in 2011, surpassing expectations on Wall Street and continuing a run of form for U.S. regional casino operators. Adjusted EBITDA for the period came in at $69.3m, compared with $63.5m in the prior year, the company said.

 

Regional rivals such as Penn National, Boyd Gaming and Pinnacle Entertainment had already reported strong results for the January-March period that benefitted from mild winter weather.

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Bally first in Nevada, Playtech is shut out, Gambling911

Bally first in Nevada, Playtech is shut out, Gambling911 | Poker & eGaming News | Scoop.it

Bally Technologies, which earlier in the year partnered up with France online poker venture Chili Gaming, has been granted recommendation to get the first license to operate a Web poker site by the state of Nevada. Approval will be made June 21. For now the fee is $125,000 but could be reduced at a later date. Bally will not be permitted to accept players from outside the state of Nevada at this time.

 

William Hill’s affiliation with online poker software giant, Playtech/iPoker has made entry into Nevada impossible despite leaving Australia and acquiring American Wagering, Brandywine Gaming and Cal-Neva sports wagering businesses.

Playtech founder, Teddy Sagi, was once charged with bribery and fraud in 1996. He served nine months in prison.

 

The Nevada Gaming Control Board is scheduled to review application of IGT on Thursday June 7.

 

Other sources:

http://pokerfuse.com/news/law-and-regulation/nevada-on-schedule-to-issue-igaming-licenses/

http://www.gamingintelligence.com/legal/16309-bally-takes-the-lead-in-nevada-igaming-race

http://www.gaming-awards.com/NEWS/archives/10343

http://www.gamblingcompliance.com/node/49304

http://pokerupdate.com/news/law-and-legislation/nevada-oks-first-internet-poker-license/

http://www.innovategaming.com/2012/06/bally-track-online-gaming-license/

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NJ Governor Christie aims to flip-flopp himself to the White House, Charles Rettmuller PokerUpdate

NJ Governor Christie aims to flip-flopp himself to the White House, Charles Rettmuller PokerUpdate | Poker & eGaming News | Scoop.it

New Jersey Governor Chris Christie has flip-flopped on the issue a couple times already. He vetoed an online gambling bill last year. Following the U.S. Department of Justice clarification of the 1961 Wire Act as being applicable only to sports betting in December, he then said he was for online poker and gambling, saying that New Jersey "should be in that business."

 

Sen. Raymond Lesniak, the sponsor of the legislation, proceeded to amend his proposal to satisfy the governor's wishes, only to see Christie once again waver on the issue. Industry scuttlebutt has it that the Garden State governor has his eye on the vice-presidential ticket alongside Republican presidential hopeful Mitt Romney. And with Las Vegas Sands honcho Sheldon Adelson vehemently opposed to online poker, Christie is apparently afraid to anger the billionaire casino mogul who donates heavily to Republican causes.

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Why Online Gambling in the US can only be Federal Led, iGaming Post

Why Online Gambling in the US can only be Federal Led, iGaming Post | Poker & eGaming News | Scoop.it

But how realistic is it that the US States will actually operate, Nevada seems to be likely to be the first with online poker, but most realistically 7-10 months away from operational and still lawmakers there are not 100% certain that they are able to do it at State level!

 

Since the US DOJ announced its outright ban on Internet gambling, states are scrambling to figure out what the decision might mean for them.

 

California, Illinois, Iowa, New York and New Jersey are among other states that are expected to move quickly to get in on the action. That is precisely what Nevada has done, but Nevada put some pieces in place before the ruling in a way that some of the other states have not done and they are still some way off going online.

 

No one really knows for sure how many Americans gamble online or how much revenue states will be able to collect if it is legal. The American Gaming Association figures that worldwide, online gambling generates $30 billion a year. The group figures that states could collect up to $2 billion in tax revenue if online poker were legalized.

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