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Pennsylvania Online Gambling Hearing Positive

Wednesday June 4,2014 :  PENNSYLVANIA ONLINE GAMBLING HEARING GENERALLY POSITIVE (Update)
 
But the Adelson faction again voices objections.
 
Tuesday's hearing before the Pennsylvania Senate Committee on Community, Economic and Recreational Development on intrastate internet gambling was generally positive, according to local media reports, despite Andy Abboud, a Sheldon Adelson lieutenant, again voicing the objections of his employer's land casino group to any legalisation.
 
The majority of witnesses appeared to support properly legalised and taxed online gambling, although some were more cautious in approach than others, suggesting delays to assess how other states were doing.
 
Abboud's claim that legalised online gambling in Pennsylvania would steal customers from his company's Bethlehem land casino were countered by Michael Cohen from Caesars Entertainment, who said that broadening empirical evidence has now shown that punters who gamble online do not typically frequent land casinos.
 
“The Internet is a new distribution channel, tapping a new customer,” Cohen said.
 
Pennsylvania represents an important opportunity for online gambling due to its populous nature. The state already has twelve land casinos and is regarded as second only to Las Vegas in terms of revenues, but faces rising competition from other Eastern states like New York and New Jersey, which have either legalised online gambling or are actively considering the possibility.
 
A spokesman for Parx Casino in Philadelphia, Robert Green, was concerned about the 20 percent drop in revenue at his company's land poker tables since online poker was legalised in neighbouring New Jersey late last year.
 
“I don’t think you can say with any authority that there is not an impact on bricks-and-mortar casinos,” he said.
 
A report by Econsult Solutions earlier this year estimated that Pennsylvanian online gambling operators could generate $184 million in first-year revenues $307 million annually after that .
 
But Adam Ozimek, Econsult Solutions director of research added: "We don't include any license fees in there. And really, those revenues should be thought of as illustrative because we don't know what the tax rates are going to be."
 
Robert Pickus, chairman of the Valley Forge Casino Resort, felt the projections were reasonable and demonstrated why the state should move quickly to take a lead in the industry.
 
Stephen Mullin, the Econsult's president, said legalising online gambling isn't expected to eat into the profits of brick-and-mortar casinos.
 
"It's a different audience out there," Mullin said. "Not to say that there isn't somebody who plays I-games and also goes to a casino, but it is a very different audience."
 
A number of managers from Pennsylvania's 12 operating casinos say they'd be fine with online gambling as long as it were offered exclusively by existing casino licensees.
 
Pennsylvania lawmakers have proposed several bills, including one to prohibit any expansion of gambling without a referendum or two-thirds vote of the legislature, and another to allow online bets for many casino-style games.
 
Senator Edwin Erickson announced last week that he plans a state Senate measure to legalise only Internet poker.
 
Pennsylvania’s land casino revenue fell 1.4 percent to $3.1 billion last year, the first decline since the state began opening land casino operations in 2006.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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