This Week in Gambling - News
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This Week in Gambling - News
This Week in Gambling - News
News for Online Gambling, Land Based Casinos, and Social Gaming
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Shuffle Master and Paddy Power receive Nevada approvals

Shuffle Master and Paddy Power receive Nevada approvals | This Week in Gambling - News | Scoop.it

The Nevada State Gaming Control Board regulator has approved licences for American automatic card shuffler and proprietary table games supplier Shuffle Master Incorporated and Irish online and retail sportsbetting provider Paddy Power.


The recommendations were obtained at a special hearing on Wednesday and the pair will now attend a meeting with the Nevada Gaming Commission on July 26 in hopes of becoming the fourth and fifth companies permitted to offer some form of iGaming services to residents of the western state.


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Paddy Power prepared to gamble on Nevada licence

Paddy Power prepared to gamble on Nevada licence | This Week in Gambling - News | Scoop.it
WITH BRITAIN’S William Hill having bagged a sports betting licence in Nevada last week, attention is now focused on Paddy Power, which itself has applied for a licence in the US state.


The Irish bookmaker has made no secret of its interest in the US market if the right opportunity presents itself and has a business development team on the ground.


Sports betting is still largely prohibited in the US. Just four states – Nevada, Delaware, Montana and Oregon – issue licences.


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Nevada considering some of lowest online gaming licensing fees in U.S.

Nevada considering some of lowest online gaming licensing fees in U.S. | This Week in Gambling - News | Scoop.it
Is Nevada short-changing itself by requiring interactive gaming license applicants to pay $500,000 for an initial one-year license and $250,000 a year to renew it?


That’s a question members of the 11-member Gaming Policy Committee will try to answer next month in what is expected to be its final meeting.


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William Hill Grilled by Nevada Gaming Regulators

William Hill Grilled by Nevada Gaming Regulators | This Week in Gambling - News | Scoop.it
A London-based bookmaker with a large online component took an assault of questions Thursday as it looks to gain entry into the U.S. via the Silver State.


Nevertheless, William Hill PLC (LSE: WMH) received the first round of approval to set up shop in Nevada. The company is seeking to operate the three Nevada sports books it acquired last year. Leroy’s, Lucky’s and Club Cal Neva will be consolidated and be re-branded as part of the more than $60 million project.


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Nevada Online Poker in 7-10 Months

Nevada Online Poker in 7-10 Months | This Week in Gambling - News | Scoop.it
Americans could see the first U.S.-based licensed and regulated real-money poker site this holiday season.


At Monday’s Gaming Policy Committee meeting in Las Vegas, Nevada Gaming Control Board Chairman Mark Lipparelli said that the Silver State will likely issue its first licenses in 30-60 days — and it will probably take another six to eight months after that before games are running.


At the last meeting, Lipparelli suggested a slightly earlier date for licenses. The majority of time will be devoted to regulators approving the technology of licensed sites. This spring, the state finalized rules for the private testing of software.


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William Hill's move into US market stalls in Nevada

William Hill's move into US market stalls in Nevada | This Week in Gambling - News | Scoop.it
Speculation that delay in considering gaming licence is due to company strategy head's past involvement in market abuse case...


The bookmaker William Hill's "strategically important" entry into the US sports betting market has stalled, with the company appearing to be struggling to persuade Nevada regulators to consider its application for a gaming licence.


The state's Gaming Control Board meets every month to vote on new applications and it is understood that William Hill's application has not been included on the May agenda, despite a vote being widely expected by now. The UK-based company is making the application after last year's announcement that it will acquire three Nevada sports betting companies: American Wagering, Brandywine and Cal Neva Sportsbook.


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Nevada may need partners for Net poker

Nevada may need partners for Net poker | This Week in Gambling - News | Scoop.it
Nevada has handed the technology certification process for Internet gaming systems to two of the industry's largest testing laboratories, which have certified the equipment used in legal online gaming worldwide.


Two of the state's largest slot machine manufacturers received Nevada's first interactive gaming licenses in June. Regulators could license three more suppliers this month. Another 30-plus casino operators and gaming equipment providers have interactive license applications on file with the Gaming Control Board. If all goes as planned, gaming regulators could rule on two or three applications per month well into 2013.


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William Hill enters US sports betting market

William Hill enters US sports betting market | This Week in Gambling - News | Scoop.it
Bookmaker William Hill (LON:WMH) will now start operating in Nevada after securing non-restricted gaming licences from the state’s gaming commission.


William Hills plc is a United Kingdom-based company. The Company is a provider of fixed odds bookmaking services, offering odds and taking bets on a range of sporting and other events, as well as offering amusement with prizes machines and fixed odds betting terminals in licensed betting offices and operating online casino, poker and games sites, as well as two greyhound stadia. The Company offers betting and gaming products to customers through four principal channels, which includes Retail comprising a network of nearly 2,300 outlets throughout the United Kingdom and Ireland. Interactive betting includes an online sportsbook, arcade games, an online casino, online poker site, online bingo and online skills games. It also includes telephone betting and international businesses, which comprise joint ventures established in Spain and Italy. In July 2008, the Company announced the sale of its interest in William Hill Codere Italia Srl to INTRALOT Italia spa.

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Entraction Poker Network Seeks Nevada Approval Despite Purple Lounge Debacle

Entraction Poker Network Seeks Nevada Approval Despite Purple Lounge Debacle | This Week in Gambling - News | Scoop.it

Despite its hosting a now failed online poker room, the Entraction Poker Network is moving full steam ahead to try and obtain a license to operate a Web card room within the state of Nevada.


One of its skins, Purple Lounge, abruptly shut down last month leaving players stiffed out of an undetermined amount of money. Purple Lounge had moved from the Microgaming to Entraction earlier in the year.


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California Revises Online Poker Bill; Bally Gets Nevada Nod

California Revises Online Poker Bill; Bally Gets Nevada Nod | This Week in Gambling - News | Scoop.it

A California Senate committee will meet Tuesday (12) to discuss Sen. Rod Wright’s amended SB1463 online poker bill (read it here). Wright’s new draft attempts to placate the very vocal opposition expressed by the state’s Indian tribes to Wright’s previous effort. For starters, the bill is now poker-only: the provision to add slots and table games to the mix after two years is toast. Also removed is the requirement for the tribes to waive their sovereignty in order to have their online poker license application considered. Tribes now merely have to waive their immunity during the application process, a hedge that not all tribes are expected to welcome. The continued presence of racetracks and advance deposit wagering sites on the list of eligible licensees will also not sit well with most tribes.


Other changes include a halving of the license duration from 10 years to five. The $30m application deposit remains, but the term during which this amount will be credited against fees owed to the state has increased from three years to five. (Once this deposit is exhausted, the licensee will begin making monthly payments of 10% of gross gaming revenues.) Also intact is the $1m-$5m fee to allow oneself to be poked and prodded for suitability by California regulators (although anything left over after they’ve removed the flashlight from your back passage will be refunded). The state reserves the right to change the fee structure after five years (up from three).


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Nevada Casino Bosses Close Ranks to Support Republicans

Nevada Casino Bosses Close Ranks to Support Republicans | This Week in Gambling - News | Scoop.it
Nevada casino bosses fundraise for Republican cause; Wynn Resorts seeks Joe Francis' assets; US legal tussles worry Asian legislators...



Monarch Casino & Resort Inc, which runs the Atlantis Casino Resort Spa in Reno, Nevada, saw net revenue grow 3.9% to $34.6m in Q1 2012. Operations income was up 7.4%, but adjusted EBITDA was essentially flat and hotel revenue was off 12.7% due to the cancellation of a significant convention.


A different significant get-together will go ahead as planned next Friday at Sheldon Adelson’s Venetian hotel in Vegas. Politico reported that Adelson is hosting a fundraiser at the Venetian on April 27th to benefit House Speaker John Boehner. Adelson’s family spent $15m on long-shot candidate Newt Gingrich for most of the Republican primary campaign, but now that Mitt Romney is seen as inevitable, Adelson is throwing his support behind the overall Republican cause. Recent disclosure filings indicate that Adelson has already given $5m to the Congressional Leadership Fund, a Boehner-related super PAC.


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