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Another Attempt at Online Poker Legalisation
Saturday June 1, 2013 : FEDERAL ONLINE POKER LEGALISATION DEFINITELY ON THE CARDS
King likely to sponsor new attempt in Congress soon, say aides
The growing industry speculation that Republican Congressman Peter King is about to launch another attempt at federal online poker legalisation in the US Congress was given impetus Saturday by a report from the Reuters news agency.
Quoting Congressional aides, the news agency said the proposal was designed to give brick and mortar casinos a larger (online) market in the face of increasing initiatives at state level, where individual states are preparing their own intrastate laws and considering interstate compacts.
"Online poker would generate $10 billion in added revenues by 2017 if allowed by federal statute, according to the American Gaming Association. About $4 billion is now being spent for illegal sites," Reuters reported.
The news agency reprises statements earlier this year by MGM Resorts financial chief Dan A'Arrigo that Nevada may be too small a market for the company to invest in an online poker room, pointing to the benefit of a federal solution which would enable states to interact if they wished.
However, Reuters warns that a federal legalisation bill will probably face opposition from state legislatures and lottery officials.
In addition to a bill from Congressman King, the Democratic Party Representative from Texas, Joe Barton, will also launch a bill, according to Congressional aides.
Reuters does not give details of either bill, other than to advise that states will have the choice to opt-out if they wish.
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Gambling News :
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.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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