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GAMBLING COMPANIES CONTINUE TO INVEST IN LOBBYING
03/04/2012 : GAMBLING COMPANIES CONTINUE TO INVEST IN LOBBYING
Latest figures from Congress show that internet gambling is still a hot topic
Figures for Q4-2011 on internet gambling lobbying expenditure show that an estimated $3.7 million was invested in lobbying by major companies and interested parties, up on the $3.61 million spent in the preceding quarter.
The numbers do not include direct political contributions to bodies like PACs (political action committees), where recent reports have it that land gambling moguls like Sheldon Adelson have donated millions to aspiring presidential candidates.
Adelson's Las Vegas Sands was a relatively small lobbyist in the quarter, investing a mere $10,000. At the other end of the scale, Caesars Entertainment splashed $784,000 (Q3-2011: $868,000) - mainly on internet poker-related legislative interests.
MGM Resorts, which like Caesars has been a consistent voice for federal legalisation, put up $150,000 in the quarter, and its partner in the online venture with Bwin, Boyd Gaming paid out $50,000. Bwin itself invested $60,000.
Pokerstars maintained the level of its third quarter investment in lobbying at $150,000, acting through Rational Entertainment Enterprises, whilst TVG (Betfair's horseracing acquisition two years back) spent $120,000, seriously increasing their third quarter expenditure. Another horseracing group placing its political stake was Chruchill Downs on $80,000 - unchanged from the previous quarter.
Internationals showing an intense interest in US lobbying included the UK-based pro-internet gambling company UC Group, Greek lottery group Intralot, and GTech, whilst
the American Gaming Association anted up $511,000, the Poker Players Alliance spent $315,000, and the Interactive Gaming Council contributed $230,000.
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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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