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Double Down Optimistic on US Gambling
Friday August 2,2013 : DOUBLE DOWN CASINO EXEC OPTIMISTIC ON U.S. LEGALISATION
Harper confident that federal legalisation is coming
The Casual Connect social gaming conference in San Francisco this week continued to deliver online gambling newsbytes as the convergence of real money gambling and social networking was discussed by delegates.
GeekWire reports that Charles Harper, IGT DoubleDown Casino’s director of business development, said that he thinks real-money gambling authorised and regulated at the federal level is "...around the corner".
“I think it’s imminent, but I think they’re going to wait and see how some of the states implement it before anybody will take that jump,” Harper said. “I’m going to say one to three years.”
Harper cautioned that while real-money gambling may be coming, it doesn’t seem to be a big priority on a national level at the moment.
“I think that the federal government will eventually do it, but I don’t think they’re feeling a huge rush right now,” he said, opining that the current situation made it difficult for companies to formulate long term real-money strategies, and that as a consequence big market players seem to be skirting real-money offerings.
When asked about whether DoubleDown has any plans for moving into the real-money gambling space in the US, Harper said that being owned by casino game maker IGT puts DoubleDown in an interesting place.
“You know what? We work for a company that does it already, so I’d argue that we’re already there. Is there going to be a DoubleDown (real-money gambling) app? I can’t speak to that, and that’s not an ‘it’s coming,’ or anything like that,” Harper hedged.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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