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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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