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Lobbying Still a Good business
Posted 1/5/11 : Figures from Q3 show that big money is still invested in influencing lawmakers
The St. Louis-based Bola Verde online gambling consultancy reports that US lobbying remained a profitable business in the third quarter of 2010, with 58 different parties investing an estimated $4.66 million lobbying Internet gambling in Washington, D.C., up 46 percent over the third quarter of 2009.
Bola Verde's Mark Balestra reports that the increase in Q3 /2010 was driven by July's positive progress in committee on Rep. Barney Frank’s internet gambling legalisation bill. The bill did not subsequently progress to the floor in a busy Congress, however.
In the three months ended September 30, gambling industry operators accounted for approximately $1.64 million, or 35.3 percent, of total quarterly spend, up 4.1 percent over the preceding quarter.
"In Washington, operators are playing a bigger role in the policymaking process as the financial services industry - which last year successfully delayed implementation of Internet gambling payment processing regulations - continues to spend less on steering that process," Balestra said.
"As Congress shifts its focus from the payments system to Internet gambling proper, gambling industry trade associations are also exercising more influence over the creation of related policy."
Balestra says that trade groups including the American Gaming Association accounted for an estimated $1.21 million, or 25.9 percent, of total quarterly spend, down 3.3 percent over the prior quarter.
Trailing the gambling industry trade associations were companies and interest groups that do not fit neatly into any of the categories used to organise lobbying spend each quarter. Categorised as "other" its members accounted for $771,685, or 16.5 percent, of total quarterly spend, up 97.9 percent over the preceding quarter.
Financial services companies - banks, credit card companies and payment processors - invested an estimated $662,114, or 14.1 percent, of total Q3 lobbying spend, down 21.6 percent from the preceding quarter.
Gambling industry technology suppliers GTech and Walker Digital Gaming were active, accounting for approximately $145,000, or 3.1 percent, of total quarterly spend, down 1.6 percent from the prior quarter. Missing from the lobbying rollcall were Intralot USA and ELottery, which usually lobby Internet gambling, but did not declare any related expenses in the third quarter.
Financial services trade associations such as the Financial Services Roundtable accounted for an estimated $132,934, or 3 percent, of total quarterly spend, up 216.5 percent from the previous quarter.
The professional and amateur sports leagues were relatively quiet on the lobby front, investing only $95,333, or 2.1 percent, of total quarterly spend, down 20.6 percent from the prior quarter.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
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Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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