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Colorado Looking At Online Gambling
Monday December 16,2013 : COLORADO EYES ONLINE GAMBLING PROSPECTS?
Submits draft legislation to legalise online poker
Lawmakers of the US State of Colorado reportedly drafted legislation for the authorisation of online poker late last session and although the initiative stalled, the industry and the Colorado Gaming Association is still committed to further exploring the issue going into 2014.
"We had talked very late in last year's session with some legislators who were interested in pursuing it," said Lois Rice, executive director of the Colorado Gaming Association. "We're still exploring it."
The initiative was apparently led by a group of bipartisan lawmakers which included Representative Kevin Priola, R-Adams County. "My thought and some others' thoughts were, let's have Colorado as close to the starting line as we can possibly be because as soon as the gates open, I think there are only going to be a few states that are going to have enough scale to make it work," he said.
The Denver Post reports that stats on the MGM Resorts mobile app MyVegas are reported to have found that of the millions of downloads, many hail from the State of Colorado. And Eilers Research managing director of digital and interactive gaming estimates that online poker alone could generate $30.4 million to $37.8 million in annual revenue after three to five years in a legalised market, while online casino revenue covering poker, slots, blackjack and other games could generate up to $112.5 million yearly.
But a statewide poll commissioned recently by Black Hawk casino apparently showed a lack of interest in internet gambling. "Our survey showed that the voters of the state did not have much appetite for online gambling," confirmed Black Hawk city manager Jack Lewis.
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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.
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.
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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