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CAESARS CHIEF REMAINS CONFIDENT ON INTERNET GAMBLING
Friday June 15,2012 : CAESARS CHIEF REMAINS CONFIDENT ON INTERNET GAMBLING
"People will be able to play online legally in the United States in many places very soon."
In an interview with the news and business television network CNN this week, Caesars Entertainment chief exec Gary Loveman was again bullish on the prospects for legalised internet gambling, opining that online poker will soon become legal, with several states moving toward that goal.
"I can say with tremendous confidence that people will be able to play online legally in the United States in many places very soon," he said in the interview.
Loveman spoke about the anomalies in US legislation that have created a situation where financial transactions with offshore operators are illegal and receive the attention of law enforcement but, in almost all states, players are not committing an illegal act and are not prosecuted.
"Today we have this bizarre situation where it is legal for an American to play online poker for money using a game that is provided by an illegal offshore entity," Loveman said. "I think it is very hard to imagine why we would allow Americans to buy a service that no American company can [legally] offer."
If the federal government were to legitimise online poker, it would be able to regulate the activity and benefit from the substantial tax revenues that it is capable of generating, he added.
Loveman estimated that under a federally regulated scenario, the U.S. online poker industry could rake in $6 billion to $8 billion a year. If states did this on their own - and that appears the most likely deveopment at present - the revenue would be $2 billion to $3 billion to start.
The federal government would get about 15 percent of that revenue if it regulated online poker, Loveman estimated.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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