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IGT Waiting for Legal Online Gambling

Sunday  September 16, 2012 :  IGT MARKING TIME UNTIL ONLINE GAMBLING IS LEGALISED
 
“...right now, we’re in a period of uncertainty with U.S. legislation,” says IGT exec.
 
The scaling back of the IGT Poker network this week has again brought into focus International Game Technology's online gambling plans, and it appears that these centre on leveraging its DoubleDown Casino social gaming acquisition to prepare for real money online gambling.
 
In a revealing interview with the publication Inside Social Games, IGT's vice president for emerging business, Robert Melendres, discussed the purchase of Double Down Interactive earlier this year for around $500 million, but said that the company is not planning to get in on real-money gaming any time soon due to political and legal uncertainty in America.
 
Melendres explained: ”Right now we’re very much focused on taking social gaming product and driving that very, very hard as a way of helping our casino properties leverage online gaming.”
 
That doesn't mean that IGT is not interested in real money online gambling when the time is right and conditions favourable.
 
“From IGT’s perspective, real-money gaming is ours for the taking … IGT is one of the very few companies that’s been on both sides so we’ve been able to see what happens in the real currency world and social gaming side," said Melendres, explaining that the company's
“DoubleDown Partnership Program” spreads the DoubleDown Casino’s presence on the Web by allowing customers to incorporate the game into their own casino sites.
 
This serves three purposes: It allows IGT to stay connected to their players, providing a casino floor experience from anywhere; it creates an incentive to come back to the actual casino; and everyone gets to make money because the casinos are enabled to engage in revenue sharing.
 
Melendres opined that real-money gaming will come to social poker games first. When this happens, casinos will offer online poker.
 
”The beauty of what we’re doing right now is that I truly believe the DoubleDown Partner Program is a superior offering to the poker program,” he said.
 
The IGT exec acknowledged that conversion rates to real money action in social gaming tend to be low, but that only a small percentage of the massive numbers of social gamers was necessary to make a viable business.
 
Interestingly, he commented that conversion rates are not dissimilar to those experienced during the early days of Internet gambling, and suggested that this could rise as the sector develops.
 
“We want to be responsive to the marketplace. Right now we’re focused on developing the DoubleDown brand and will continue to leverage that," said Melendres.



Gambling News :

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

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