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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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NJ online gambling bill voting postponed until fall

NJ online gambling bill voting postponed until fall | This Week in Gambling - News | Scoop.it

Voting on New Jersey's online gambling bill (AB2578) has been postponed until the fall. SBR interviewed NJ State Senator Raymond Lesniak last week to discuss his expectations for sports betting and online gambling within the Garden State. The Senator did concede that there could be a delay based on Governor Chris Christie's agenda.


During his interview with SBR, Senator Lesniak was cautiously optimistic about NJ Governor Chris Christie's recent media headlines on sports betting. Lesniak speculated that the Governor may be inclined to wait until the Republican National Convention takes place before moving forward with gambling related bills. Gov. Christie's national political aspirations have been a thorn in the side of Sen. Lesniak, who had his gambling bill vetoed in 2011.


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Zynga Takes Pounding and Japan bans kompu gacha

Zynga Takes Pounding and Japan bans kompu gacha | This Week in Gambling - News | Scoop.it

Japanese authorities officially declared ‘kompu gacha’ social games illegal on Friday. The Daily Yomiuri, which broke the news earlier this month that the Consumer Affairs Agency was studying the virtual-card-collecting games, reported that the authorities had determined the games employed a banned sales method known as ‘cards combination’. A kompu gacha ban takes effect July 1, but Japan’s leading social game firms have already announced they would stop offering the games by the end of May.


Stateside, shares in social game company Zynga took a beating on the day Facebook shares made their Nasdaq debut. After all the IPO hype, Facebook shares closed up a meager 1% from their $38 opening price – and even that reportedly required substantial share purchases by underwriters late in the day – but Zynga fell 13% to $7.16. The shares were down 20% at one point, and trading was halted twice, although part of that involved the Nasdaq system itself buckling under the strain of all that underwriter face-saving activity.

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Vasileios Volikakis's curator insight, May 13, 2013 7:44 AM

Stateside, shares in social game company Zynga took a beating on the day Facebook shares made their Nasdaq debut. After all the IPO hype, Facebook shares closed up a meager 1% from their $38 opening price – and even that reportedly required substantial share purchases by underwriters late in the day – but Zynga fell 13% to $7.16. The shares were down 20% at one point, and trading was halted twice, although part of that involved the Nasdaq system itself buckling under the strain of all that underwriter face-saving activity.

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Lesniak says Christie ‘back on board’

Lesniak says Christie ‘back on board’ | This Week in Gambling - News | Scoop.it

On Thursday, the Delaware House of Representatives Gaming and Parimutuel Committee voted to send its online gambling legislation to the floor of the House for a vote. It probably didn’t hurt that the chief sponsor of the Delaware Gaming Competitiveness Act aka HB333 is Rep. John Viola, who’s also the gaming committee chairman. (Handy, that.) Regardless, the committee vote was six in favor, one opposed and two abstentions. Delaware’s plan would enable the state lottery to offer online keno and other games to state residents, while online ‘video lottery games’ and ‘table games’ would be available via sites operated by the state’s three racino operators. A three-fifths majority vote in the full House is required to pass the bill, and the current legislative session ends June 30.


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Shuffle Master buys Ongame in preparation for US and Latin America

Shuffle Master buys Ongame in preparation for US and Latin America | This Week in Gambling - News | Scoop.it

Europe is undergoing a change from open online gaming served by licensed jurisdictions to regulated and taxed jurisdictions requiring independent licensure.  This is commonly referred to as the .com to .country transition.  Needless to say it is causing great disturbances in the world wide online gaming business but this change is one we welcome at Shuffle Master.

 

Our pending acquisition of Ongame adds a seasoned, world class, B2B poker network to our offering of proprietary and public domain table games and slots.  The team at Ongame are the most valuable asset as they understand how to manage a massive B2B poker ecology.

 

Read more: http://www.scoop.it/t/poker-egaming-news

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New Jersey voters support gambling

New Jersey voters support gambling | This Week in Gambling - News | Scoop.it
A poll from Chris Christie's chief of staff shows support for online gaming...


A poll by Governor Chris Christie’s own pollster has shown New Jersey residents are in support of allowing residents to gamble using the Internet inside the state borders. Sent to us CalvinAyre.com by Joe Brennan Jr from iMEGA, it was compiled by Adam Geller and from first glance is more extensive than the one conducted by Farleigh Dickenson PublicMind that showed residents in opposition to online gaming being allowed.


National Research Inc. asked 600 registered voters in the state a number of detailed questions related to online gaming. One of the most pertinent questions that it posed asked Would you support or oppose a bill that would permit internet versions of casino games, such as poker and blackjack for New Jersey residents, provided it was age restricted and regulated by the casino control commission? 65 percent of those that responded were on “total support” with just 29 percent in the “total oppose” camp.


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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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Internet Gambling Bill Moves Forward in N.J.

Internet Gambling Bill Moves Forward in N.J. | This Week in Gambling - News | Scoop.it
An Internet gambling bill being considered by New Jersey lawmakers could allow Atlantic City's casinos to take bets from people in other states or countries, although key details remain to be worked out.


A state Assembly panel approved the bill on Thursday with an amendment that would let New Jersey take out-of-state bets, as long as the New Jersey Division of Gaming Enforcement determines that doing so wouldn't violate federal law.


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New Jersey Assembly Committee Approves Online Gambling Bill

New Jersey Assembly Committee Approves Online Gambling Bill | This Week in Gambling - News | Scoop.it
A New Jersey Assembly committee approves online gambling bill, setting up vote by full Assembly, but will Christie veto again?


New Jersey’s latest online gambling bill moved another step closer to reality on Thursday, with the Assembly version (AB2578) passing a committee vote by a margin of three (in favor) to one (opposed) to one (abstention). The bill would permit New Jersey residents to enjoy online gambling (poker plus table and casino games), with a provision for out of state residents to join the party, provided the federal government doesn’t respond by calling out the National Guard. The state Senate passed its own version of the legislation (S1565) in April, but neither legislative body has as yet scheduled a floor vote on their respective bills.


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US casinos slowly coming back from recession woes

US casinos slowly coming back from recession woes | This Week in Gambling - News | Scoop.it
The nation's commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady, according to a report released Wednesday.


The American Gaming Association's annual report noted the nation's 492 non-Indian casinos or other legal gambling halls paid nearly $8 billion in taxes to state and local governments, a 4.5 percent increase over 2010.


The casinos took in $35.6 billion last year.


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Bwin prepares for US gambling law change

Bwin prepares for US gambling law change | This Week in Gambling - News | Scoop.it
Online gambling firm bwin.party has struck an agreement with casino operators in California as it gets ready for the 'inevitable' legalisation of Internet betting in the state.


The company said it had struck a deal with the United Auburn Indian Community ('UAIC'), which owns and operates the Thunder Valley Casino Resort near Sacramento, California.


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Bwin.party Inks Online Poker Deal with California Tribe

Bwin.party Inks Online Poker Deal with California Tribe | This Week in Gambling - News | Scoop.it
Bwin.party inks 10-year deal with California's United Auburn Indian Community if/when legislation passes; PokerStars ups Zoom table cap...


On Monday, Bwin.party digital entertainment announced it had entered into an agreement with the United Auburn Indian Community (UAIC) to provide online poker services to California residents if/when state politicians shift their asses long enough to pass the relevant legislation. The UAIC owns and operates the Thunder Valley Casino Resort near Sacramento, which qualifies it to apply for an online poker license under the guidelines of the bill currently pending in the state legislature. However, without significant modifications, that legislation was recently described as “DOA” by a plethora of California tribal representatives. For the sake of argument, the bwin.party/UAIC deal would be for a term of 10 years starting from the passage of legislation.


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Antigua, USA Play ‘Blame Game’ in Online Gambling Dispute

Antigua, USA Play ‘Blame Game’ in Online Gambling Dispute | This Week in Gambling - News | Scoop.it
Antigua fight with US Government over online gambling decision continues with letter to WTO.


n a letter presented to the World Trade Organization Dispute Settlement Body (DSB) last week, Antigua accused the US Government of failing to “observe its international obligations in good faith and with due consideration for the rights of Antigua & Barbuda” as it relates to the island nation’s online gambling industry.


Antigua won a WTO dispute in 2007 requiring that the United States halt prosecution of its licensed online gambling establishments. In February, the US Attorney’s Office in Maryland indicted executives of one of Antigua’s biggest Web gambling operations, Bodog.


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Full Tilt Poker Subsidiary Withdraws Licence Application

Full Tilt Poker Subsidiary Withdraws Licence Application | This Week in Gambling - News | Scoop.it

Amid rumors surrounding PokerStars and the purchase of Full Tilt Poker comes a media release from the Alderney Gambling Control Commission (AGCC) stating that Orinic, a Full Tilt Poker/Pocket Kings related company, has withdrawn its application for a Category 2 eGambling licence.


Only a week or so ago, there was much talk and curiosity about the new licence application, and now that it has been withdrawn, there will be no public hearing on May 3. The formal notice states:


“…Orinic Limited has, pursuant to Regulation 28(1) of the Alderney eGambling Regulations, 2009, withdrawn its application dated 23rd March, 2012 for a Category 2 eGambling licence. Accordingly the public hearing scheduled to take place on Thursday 3rd May, 2012 at the Braye Beach Hotel, Alderney will not now take place.”


At the time other Full Tilt licenses were revoked by the AGCC, Orinic’s was suspended at it was not trading at the time.


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WMS buys online gambling game developer

WMS buys online gambling game developer | This Week in Gambling - News | Scoop.it
Waukegan-based WMS Industries , a maker of casino gambling machines, said Monday it acquired a developer of online gambling games.


WMS said it purchased the private company Jadestone Group AB of Stockholm, Sweden. Terms of the cash deal were not disclosed.


The acquisition, "augments and enhances the existing WMS portfolio of gaming content, online products and content distribution capabilities for customers looking to expand their brand with online interactive offerings," WMS said in a statement.


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Online betting bill advances in Delaware House

Online betting bill advances in Delaware House | This Week in Gambling - News | Scoop.it

A bill authorizing online betting in Delaware and allowing more venues for sports wagering and other types of gambling is on its way to the state House for a vote. The House Gaming and Parimutuels Committee voted Thursday to release the bill, despite objections from anti-gambling advocates and complaints from the state's harness racing industry that it would not get its fair share of gambling proceeds.


In addition to offering online slots and table games, Gov. Jack Markell has proposed expanding keno beyond Delaware's three existing casinos to at least 100 sites throughout the state, and authorizing betting on NFL football in at least 20 more sites.


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PokerStars and FTP to make announcement at the end of May

PokerStars and FTP to make announcement at the end of May | This Week in Gambling - News | Scoop.it

Less than a month after it was reported that Groupe Bernard Tapie was pulling out of a deal to purchase Full Tilt Poker, the beleaguered online poker website is back in the news again, except it’s the kind of news that players who were jobbed of their money have been waiting for a long time.


According to iGaming Post, a “timetable for paying back players has been reached” after recent court hearings in the US between FTP, PokerStars, and the DOJ culminated in the agreement to finally return the money from all the players with existing funds on the two online poker sites.


Although FTP and PokerStars have yet to make any announcements regarding this matter, iGaming Post is also reporting that an announcement is expected to take place in the last week of May.


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Senate leader wants to legalize online poker

Senate leader wants to legalize online poker | This Week in Gambling - News | Scoop.it
Senate President John Cullerton floated the idea Tuesday of making Illinois an Internet gambling hub, suggesting the state could organize a major online poker game and gain worldwide popularity.


The Web-based gambling plan comes with little more than two weeks left until a scheduled May 31 adjournment and was rolled out as supporters of expanded casino gambling consider another push.


Cullerton, a North Side Democrat, said in a letter to his fellow legislative leaders and Gov. Pat Quinn that legislation to create a gaming division within the Illinois Lottery would help the state maximize the amount of money it could collect.


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EU Gaming News: Bulgaria changes tax rate; Denmark release figures

EU Gaming News: Bulgaria changes tax rate; Denmark release figures | This Week in Gambling - News | Scoop.it
Bulgaria is to change proposed tax rate; Denmark release online gambling figures; PokerStars release poker plans...


Bulgaria’s government are to halve the country’s proposed gambling industry tax rate after realizing that no foreign companies would pay the 15 percent of stakes originally proposed. Instead operators will now pay 6 to 8 percent of stakes after a source from the Parliamentary Budget and Finance Committee told Bulgaria on AIR: “No foreign operator would come to Bulgaria, because the taxation would be very high. In practice the tax in Bulgaria is twice bigger that in France or Malta”. A Blacklist will still be in place for firms that don’t have a licence with ISPs facing £8,500 fines if they fail to prevent players using banned sites.


Denmark has published the first set of figures for the country’s regulated online gambling industry with gross gaming revenue (GGR) reaching DKK 470 million in the first quarter. This was made up of DKK 285 million from sports betting and DKK 185 million from online casino and the figures were based on tax paid by firms. It means no actual revenue figures came from the companies themselves and the Danish Gambling Authority themselves admitted the figures are far from completely accurate. Q1 figures were used to reach estimates for the entire year of DKK 1.135 billion for betting and DKK 735 million for online casino meaning a figure for the whole market of DKK 1.87 billion.


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Could New Jersey iGaming Bill Kill PokerStars’ FTP Bid?

Could New Jersey iGaming Bill Kill PokerStars’ FTP Bid? | This Week in Gambling - News | Scoop.it
A clause in New Jersey Assembly's amended online gambling bill could throw a monkey wrench into PokerStars' rumored bid for Full Tilt Poker.


On Saturday, Gambling Compliance writer Chris Krafcik (@CKrafcik) tweeted that he’d received an email from New Jersey state Senator Ray Lesniak in which Lesniak said the NJ Senate’s online gambling legislation would receive a floor vote on May 31. Meanwhile, the state Assembly’s companion legislation AB2578, which received committee approval this week, has been published online. The bill was heavily amended before receiving the committee’s okay, but one addition in particular is drawing a lot of attention on the interwebz.


Section 37 of the new and improved AB2578 would specifically bar any company that took bets from Americans after Dec. 31, 2006. (A similar provision was included in California’s latest online poker bill.) This clause is viewed as a way of ensuring the support of US land-based casino companies with operations in New Jersey – in particular, those which have already inked online poker joint venture pacts with European operators that withdrew from the US market following the October 2006 enactment of the Unlawful Internet Gambling Enforcement Act (UIGEA), such as Caesars Entertainment/888 Holdings and Boyd Gaming/Bwin.party. It would also place the market off limits to companies that didn’t exit the US post-UIGEA, such as PokerStars and Full Tilt Poker.


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MGM CEO Blames House Republicans For Online Poker Delay

MGM CEO Blames House Republicans For Online Poker Delay | This Week in Gambling - News | Scoop.it
MGM Resorts CEO Jim Murren says House Republicans are to blame for holding up passage of federal online poker legislation.


MGM Resorts CEO Jim Murren no longer expects federal online poker legislation to pass in 2012, and he blames Republicans in the House of Representatives for the delay. In a keynote address at the Southern Gaming Summit in Biloxi, Mississippi on Thursday, Murren said online poker will come this year, but it won’t be at the federal level “because the federal government is doing what they are best at,” i.e. sweet FA.


Murren’s comments represent something of a reversal from his position in February, when, on a call with investors to discuss the company’s 2011 financial figures, Murren said he believed the feds would get their act together before the year was through. Earlier this month, on a call to discuss MGM’s Q1 numbers, Murren said the company remained “aggressively focused” on the federal path, but admitted hedging his bet by keeping “keenly aware” of possibilities at the state level.


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Investing Vs. Gambling: Where Is Your Money Safer?

Investing Vs. Gambling: Where Is Your Money Safer? | This Week in Gambling - News | Scoop.it

Many skeptics, and legions of people who have never invested before, regard investing as just another form of gambling. This widely-held, but misinformed view, has kept too many from enjoying the financial rewards of judicious investment in the United States economy, which generally, over the long run, has been profitable.


Although there may be some superficial similarities between the two concepts, a strict definition of both terms - investing and gambling - reveals the principle differences between them. A standard dictionary defines "invest," as follows: to put (money) to use, by purchase or expenditure, in something offering profitable returns, especially interest or income. The same dictionary defines "gamble" as follows: To play at any game of chance for stakes. To stake or risk money, or anything of value, on the outcome of something involving chance; bet; wager.


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Politics may be behind Christie's Internet gaming change of heart

Politics may be behind Christie's Internet gaming change of heart | This Week in Gambling - News | Scoop.it

With his political stock rising, Gov. Christie may again be backing off on approving Internet gaming, and has delayed action that would free New Jersey from a federal ban on sports betting, says the Democrat who sponsored both measures in the Legislature in the hope they would boost Atlantic City.


"Christie is putting the future of A.C. in jeopardy because of his overriding concern for support from [Sheldon] Adelson, a right-wing money machine of Newt Gingrich and right-wing causes; Caesars, a huge contributor based in Nevada; and Woody Johnson, Jets owner and NFL opponent of sports gaming," Sen. Raymond Lesniak (D., Union) wrote last week in an e-mail, not long after a meeting with Christie's staff.

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MGM Resorts to launch social gaming site

MGM Resorts to launch social gaming site | This Week in Gambling - News | Scoop.it

American bricks-and-mortar casino operator MGM Resorts International has announced plans to launch a social gaming site over the next three months.

Las Vegas-based MGM Resorts launched its M Life customer rewards programme website in January of last year that awards players with a range of one-of-a-kind experiences and insider privileges and stated that its new social gaming domain would recreate the ‘Las Vegas Strip experience’ and exclusively feature its brands.


“I'm very proud of our efforts with M Life,” said James Murren, Chairman and Chief Executive Officer for MGM Resorts. “We are seeing tangible benefits of capturing increased customer spend at our properties. We think this will continue and expand with the recent addition of our non-gaming amenities to our rewards programme. We're very actively now cross-marketing our regional properties to drive market share and increase visits to Las Vegas and we expect this trend will only improve with the marketing relationship we have created with Ameristar.


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Betfair wins German online gambling licence

Betfair wins German online gambling licence | This Week in Gambling - News | Scoop.it


The first licences to offer online gambling in Germany have been awarded, with British online betting firm Betfair benefiting from the state of Schleswig Holstein's liberalised gambling rules.


The northern state, whose centre-right coalition government voted in favour of relaxing its gambling laws in September, said on Thursday that it had awarded three licences valid to 2018 - one to Betfair for sports betting, one to Germany's Jaxx AG and one to the state lottery.


The other 15 German states have backed more restrictive laws that have been criticised by betting companies, who say they will favour state monopolies. The European Commission has also raised questions over the planned restrictions.


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Iconic poker champ 'Amarillo Slim' dies

Iconic poker champ 'Amarillo Slim' dies | This Week in Gambling - News | Scoop.it
Thomas Preston Jr. spent 22 hours to make $60,000 and headlines as "Amarillo Slim" in the 1972 World Series of Poker, then lived a public life of gambling and showmanship until his death Sunday morning.


In private, he was a family man and lover of horses.

“He was a cowboy at heart,” said Bunky Preston, his eldest son. “He used poker to make money, but he enjoyed chasing cows.”


Slim, 83, had been a patient at Baptist St. Anthony Hospice since April 18.


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