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Friday August 26,2011 : Providing that Congress gets into gear, legalisation could be possible this year
Gary Loveman, CEO of the Las Vegas-based gambling giant Caesars Entertainment, has again pushed the online poker agenda forward in a televised public interview.
Appearing on Fox Business News Wednesday, Loveman was asked about the potential for online poker being legalised in the United States, and offered a bullish opinion that, provided Congress can provide the necessary functionality to get legislation through, it could even be achieved this year.
Loveman said that there was significant potential in a business sense if his company was allowed to offer federally legal internet poker, for which there was clearly considerable demand in the United States.
Loveman has been a consistent and high profile supporter of (federally) legalised online poker in the United States.
Caesars is currently making headlines with its ambitious plans to expand its land gambling interests in Las Vegas, too, announcing a $550 million outdoor entertainment, shopping, and dining district near the Las Vegas Strip, with ground breaking set for September 2011.
The development, called The Linq, will be built behind the Imperial Palace and Flamingo hotels, with its equivalent of the London Eye and the Singapore Flyer - the Las Vegas High Roller - planned as the world's highest observation wheel.
Caesars will also completely refurbish, re-theme, and rename the Imperial Palace when the lease on the brand expires next year, and O'Sheas Casino will be demolished and incorporated into the new Imperial Palace.
The High Roller observation wheel is schduled to open in late 2013. It will have around 30 spherical cabins that each hold up to 40 passengers for the wheel's 30-minute revolution.
Other Linq plans include an open-air marketplace with 30 to 40 storefronts, about 70 percent of which will be restaurants and bars, targeted on the youthful market with the emphasis on entertainment.
Caesars has beaten another project to the punch with its Las Vegas High Roller wheel; Nevada investor Howard Bulloch announced in May this year that he planned to construct a 500-foot-tall Ferris wheel on the Strip's south end.

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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.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

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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