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Colorado Looking at Internet Gambling
Tuesday December 17,2013 : COLORADO EXPLORES INTERNET GAMBLING (Update)
Renewed push for internet poker legislation
Despite draft internet poker legislation submitted by Colorado lawmakers late in the last session stalling, the Colorado Gaming Association said it will continue to explore the topic 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."
In an op-ed piece in The Denver Post, Josh Swissman, vice-president of corporate marketing for MGM was quoted as saying Colorado residents have an appetite for casino-style games based on how many residents have download MGM’s myVEGAS app, although he didn't provide specific figures. "It's a big market for us," said Swissman.
But a state-wide survey commissioned by Black Hawk, Colorado's largest gambling destination, apparently says otherwise, showing that Colorado State voters did not have much interest in online gambling said Jack Lewis, Black Hawk city manager.
According to Adam Krejcik, managing director of digital and interactive gaming at Eilers Research, Colorado's online poker market could be expected to generate an estimated $30.4 million to $37.8 million in annual revenue, three to five years following legislation. Total online casino revenue could generate upwards of $112.5 million, Krejckik said.
Colorado Attorney General John Suthers published an opinion earlier this week, requested by the director of the Colorado Division of Gaming Laura Manning in July 2013. Manning requested clarity on what steps were required to authorise online gambling in Colorado and whether a gambler's location would be determined by the physical location of the bettor or where the servers were situated.
Suthers confirmed the need for an amendment to the Colorado Constitution to effect authorisation of online gambling and said: “Under Colorado law, a bet is placed where the person placing the bet is located. However, the location of the server or other hardware or software that determines the outcome of the bet would also be relevant to the permissibility of any online gambling under Colorado law.”
"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," Representative Kevin Priola, R-Adams County added. Priola was among the group of lawmakers who submitted the draft legislation late last session.
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.
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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