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Online poker for Massachusetts in 2013, Jon Yarker EGR Magazine

Online poker for Massachusetts in 2013, Jon Yarker EGR Magazine | Poker & eGaming News | Scoop.it

Online poker sites could go live in Massachusetts next year, according Representative Dan Winslow who is pushing for amendments to state gambling laws for the second consecutive year.

 

The amendments would see licence holders pay a fee of US$10m dollars and be subject to a 25% gross revenues tax.

 

Massachusetts, which recently legalised three casinos and one slot machine parlour, has already established a state gaming commission for regulatory purposes and the state treasurer has created internet gaming taskforce to examine the issue.

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Gaming stocks gain for fourth straight month - Casino City Times

Roth Capital Partners gaming analyst Todd Eilers said Shuffle Master Inc., which saw its average daily stock price jump by 2 percent in April, is also hoping to crack the Internet gaming market through its recent acquisition of the Ongame poker network.

 

Eilers said Shuffle Master is close to announcing several online poker contracts with U.S. casino operators. The deals could position Shuffle Master to capitalize if Congress legalizes Internet poker.

 

"At this point we believe federal legislation is unlikely," Eilers said. "We also believe the pace of new U.S. jurisdictions legalizing online poker will be slow with only Nevada and possibly New Jersey introducing by 2013."

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Everest Poker aims to enter Massachusetts, Charles Rettmuller PokerUpdate

Everest Poker aims to enter Massachusetts, Charles Rettmuller PokerUpdate | Poker & eGaming News | Scoop.it

Everest Poker, an independent international poker site operating out of Malta and France, is hoping to enter the U.S. marketplace in Massachusetts by working in tandem with the lawmaker proposing an online poker bill in the Bay State.

 

Rep. Dan Winslow (R-Norfolk) has introduced legislation allowing for three intrastate Internet poker licenses to be issued in the state. An amendment to the proposal calls for any license applicant who has taken Internet wagers from U.S. customers following passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) in 2006 to be denied licensure.

 

Catering mainly to the European market, Everest Poker currently ranks 10th in player traffic among worldwide sites, according to PokerScout. It is also eyeing developments in New Jersey and Nevada in hopes of splashing the pot and making a name for itself in several anticipated U.S. intrastate markets.

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Bally reports strong third quarter results, Jon Yarker EGR Magazine

Bally reports strong third quarter results, Jon Yarker EGR Magazine | Poker & eGaming News | Scoop.it

Bally Technologies has reported record gaming operation revenue growth generating US$92.5m compared to US$80m for the corresponding period in 2011.


The technology provider saw total revenues reach US$228.6m for the three months ended 31 March, a 19.7% increase on its Q3 2011 total.


There was no specific mention of online numbers despite the creation of an egaming arm last October. The company acquired Chiligaming’s B2B platform in February and last month agreed a deal in principle to combine online poker liquidity with Aristocrat in the yet-to-regulate US market. The free-play Golden Nugget online poker offering, the first addition to the B2B iGaming Platform before the deal between Bally and Chili, is understood by eGR to be close to launch.

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Ohio Casino Commission Nears Licensing Finish Line, Scott Van Voorhis

Ohio regulators are poised to hand out the state’s first casino license this week for a Cleveland gambling complex, capping a jam-packed and at times contentious four-month background review of the $350m project’s investors.

 

Ohio regulators are poised to hand out the state’s first casino license this week for a Cleveland gambling complex, capping a jam-packed and at times contentious four-month background review of the $350m project’s investors.


The Ohio Casino Control Commission is expected to give the green light for a casino license to Caesars Entertainment and its local partner, Rock Gaming, when it meets on Wednesday.

 

That vote, in turn, would pave the way for a planned grand opening on May 14.

 

“When you try and take a nine- to 12-month process and turn it into a four-month process, you need to have the cooperation we have had from other states,” said Matt Schuler, the Ohio commission’s executive director.

 

Still, the report raised questions about the stability of Caesars’ finances, pointing to its $22.6bn debt load, but concluded weakness on one side of the ledger would be balanced by the financial strength of Dan Gilbert, the billionaire owner of the Quicken Loans empire, who also owns Rock Gaming and the Cleveland Cavaliers.

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25 page presentation: Internet Poker In America, Chris Krafcik GamblingCompliance

The U.S. Internet poker market is revered by industry analysts as one of the largest—if not the largest—in the world. With a substantial adult population, a high rate of Internet penetration, a sophisticated payments system and a healthy appetite for gaming, the U.S. Internet poker market appears ripe for regulation.

 

Prior to the enactment of UIGEA in October 2006, the U.S. Internet poker market was worth at least $920m in revenues, annually.

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Aristocrat & GameAccount powers first integrated casino, Gaming Intelligence

Myliveonlinecasino.com is a free-to-play website that allows customer to play slots games, win virtual credits, compete in online tournaments, as well as sign-up for the casino’s Live! Rewards players card.

 

Developed in association with Aristocrat Technologies and its partner GameAccount, the site claims to be the first play-for-fun online gaming environment to be branded and integrated with an existing gaming property's casino management system.

 

Aristocrat has subsequently signed two further deals with U.S casinos to launch play-for-fun online casino operations – Michigan-based Island Resort & Casino and Scioto Down Casino & Racetrack in Columbus, Ohio.

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