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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.

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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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