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A.G.A. HEAD ADDRESSES iGAMING NORTH AMERICA

03/08/2012 :  A.G.A. HEAD ADDRESSES iGAMING NORTH AMERICA
 
"...every form of legal gaming must be treated the same and fairly," says Fahrenkopf
 
Frank Fahrenkopf, head honcho of the land casino trade body American Gaming Association, told delegates to the iGaming North America conference in San Francisco Wednesday that his organisation is not seeking "first in" positioning in legalised online gambling, but rather wants to see all interested parties - including state lotteries and tribal operators - get a fair shake in the emerging industry sector.
 
"I try to tell our lottery friends this all the time ... that every form of legal gaming must be treated the same and fairly," Fahrenkopf said. "No one gets a leg up on anybody else. That's been our position all the way through."
 
In an interview with Associated Press following his address, Fahrenkopf said that the land gambling groups in his organisation would have no problems in competing in a state-by-state legislative scenario, but that he preference was federal legalisation.
 
Such an approach would help shut down the illegal online operators still accessing the American market, would offer a more cohesive approach, and would be more acceptable to certain parties.
 
"Tribes are never going to agree that they've got to go to a state government to get approval to run something, so you have to have the federal government involved to be the agency to work with tribes on licensing and regulation," he said. "So you need a federal presence."
 
Fahrenkopf said that to have ambitions wider than the legalisation of online poker, such as casino games, could be a mistake at present, causing a loss of political support for legalisation initiatives.
 
The AGA chief emphasised his support for a federal solution, but acknowledged that with the presidential elections influencing events in Washington until November, it could be a tough call to get federal legalisation through the national legislators.
 
Nevertheless, he said that the AGA will continue to work closely with regulators to advance regulatory reform, and revealed that the association's multi-faceted plan, includes the launch of a new section of the AGA’s website devoted entirely to regulatory reform and keeping interested parties fully informed with up to the minute information from a variety of sources.
 
Both federal and state initiatives will be covered, he assured delegates, adding that the association is also considering the creation of a national forum where regulators and members of the industry can exchange views and concepts.
 
Introducing the new service on the AGA website, the association's chairman, Richard Haddrill, writes:
 
“This new section of the AGA website is designed to foster conversation among regulators, gaming professionals and other key stakeholders. It is my sincere hope that we can work together to make real progress that will benefit the entire industry while maintaining the commitment to compliance and integrity that are the hallmark of our business.”

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Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

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Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

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New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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