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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.
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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