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Jonas Odman Steps Down as President of Bodog

Wednesday June 26,2013 : ODMAN STEPS DOWN AS CHAIRMAN OF BPN
 
Looks to an alternative market for his Recreational Poker Model
 
Online poker industry veteran Jonas Odman is moving on after serving as president of the Bodog Poker Network (BPN).
 
In a press release Tuesday, Ödman hints at the prospect of bringing the Recreational Poker Model  he was instrumental in developing to the still unregulated California market.
 
California lawmakers are currently embroiled in yet another attempt to legalise online poker in the state, one of the more populous that presents a good opportunity for building player liquidity should online poker be legalised.
 
Ödman predicts that poker operators in smaller states that have already legalised will struggle but if they are allowed to offer other products that do not rely on player liquidity, e.g. online casinos, even operators in small states can be successful.
 
"The potential market size for online casinos is much bigger than for online poker rooms. Of the three states that have legalised (Delaware, New Jersey and Nevada) two - Delaware and New Jersey - will allow online casino games but Nevada will not," Ödman opines.
 
He goes on to surmise that Nevada, with a population of only 2.7 million, is instead hoping that they can persuade larger and more populous neighbour California to join their player liquidity.
 
"That would, of course, be a dream scenario for Nevada but I cannot see that happening," says Ödman . "There would be nothing in it for California, especially as they have well documented financial problems of their own to solve."
 
California has a population of 37 million people and has one of the largest economies in the world. If the state was to regulate online poker, it could create a California Gold Rush for the online poker industry, and that appears to be what is attracting Ödman.
 
He said he is "tempted to drive a start-up company, based in the Golden State, which will be a B2B software provider for the regulated US online poker market" and "inevitably I would love to bring the Recreational Poker Model to the US and may well decide to make a fundamental change in my career".
 
"If poker operators would do things right from the start and launch with a recreational poker model instead of trying to implement it later, California alone is potentially a billion dollar market," Odman observes.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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