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2013 G2E Updates

Wednesday September 25,2013 :  GLITZ AND ONLINE POKER POLITICS MIX AT G2E
The American Gambling Association's new chief remains fixated on a federal solution.
Giant dinosaurs, blue avatar characters and soul trees, and showgirls made up like zombies were just part of the glitz and entertainment as the US gambling industry showcased its wares at the G2E Expo in Las Vegas Tuesday, but underlying the hype was the hard talk of business and politics as an estimated 25,000 delegates gathered.
Addressing for the first time at G2E both delegates and the media, the new chief exec at the American Gambling Association trade body, Geoff Freeman pretty much met industry predictions that he would hew to the usual AGA pro-federal and poker-only line when it came to online gambling policy.
Freeman did not disappoint, revisiting all the old arguments put forward by the AGA and its land casino members, and in particular pushing hard for a federal regime to "clear up ambiguities" in existing laws and avoid a "patchwork" of regulations due to state-by-state legalisation.
The AGA exec went further than that, however, continuing his rather insulting comparison of many online gambling operators with the villainous activities of a fictional movie character in the recently released film "Runner Runner"  and announcing the launch of the AGA's new Online website which suggests that "Sometimes movie villains are real.....".
“Runner Runner is a fictional account of a lawless online poker world ruled by shady and unethical characters that sadly is not far from reality for millions of Americans who simply want to enjoy one of our favorite pastimes in a safe online environment,” said Freeman, revealing that his Association has also made a video commercial on the subject.
Freeman screened the visual ad made by his organisation to leverage the publicity achieved by the movie...unfortunately for the AGA, theatres have declined to run the material, it appears, but the AGA will continue to deploy it in an attempt to influence lawmakers and the public.
InfoPowa readers can assess the rather sombre ad for themselves here:
In a more practical contribution to industry affairs, the AGA exec admitted that the Washington environment would not likely be conducive to the evolution of a federal online poker-only solution for the internet and mobile sector anytime soon, and that consequently the Association is hedging its bets by remaining engaged with the emerging US online gambling industry.
“Anyone who has been to Washington recently knows that the environment for getting a bill done is not there,” Freeman said during a media briefing before the show opened.
He also unveiled the results of a fresh H2 Gambling Capital study which indicates that Americans spent $2.6 billion on gambling websites in 2012, down from $2.8 billion in 2011.
The study by the British-based research firm found Americans accounted for a significant 10 percent share of the $33 billion worldwide online gambling market, despite the legal limbo of most Internet betting, occasioned by confusing US federal and state laws.
Annual online gambling spending by Americans peaked prior to the UIGEA in 2006 at $5 billion.
H2 concluded that the amount Americans bet on online poker fell from a peak of $1.6 billion in 2006, when the US barred financial transactions for online betting with the UIGEA, to just $219 million in 2012.
G2E organisers have claimed that the show this year remains America's premier gambling expo, with over 460 exhibitors unveiling their latest gaming products.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

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Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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