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Interesting Article on Indian Gambling

3/9/10 - The growing involvement of US Indian tribal gaming interests in debates on whether individual states should legalise online poker or not is addressed in an interesting article in the publication "Indian Country Today", written by noted columnist Dave Palermo.
 
Titled "Internet gambling: Threat or opportunity?" the well balanced article can be found at: http://www.indiancountrytoday.com/national/86925867.html
 
"The likelihood Internet poker will soon be legal in the United States is igniting a fear among some tribal leaders that online gambling will impact revenue from tribal government casinos. Internet gambling proponents contend the fears are unwarranted as online gamblers represent a segment of the public that is not patronizing casinos....."
 
Interesting statistics from the piece:
 
* California tribes generate $7.3 billion a year in casino revenue, the largest share of the $26.8 billion won in 2008 by 442 government casinos operated by 237 American Indian tribes and Alaska Native villages in 28 states.
 
* Harrah’s Entertainment, the country’s largest casino company, has spent more than $3 million promoting Internet gambling, hoping to capture some of the $5.9 billion wagered each year on 'illegal' Web sites by online poker players and sports bettors.
 
* On average, 80 percent of casino revenue comes from slot machines with another 15 percent generated by table games such as blackjack and mini-baccarat. Poker, a player-banked game, normally generates less than 5 percent of a casino’s revenue.
 
* “The profile of the U.S. online player is a skilled poker player,” said Lewis and Roca attorney Anthony Cabot, an authority and author on Internet gambling. “He doesn’t go to casinos.”
 
* “The person on the Internet is certainly a different profile of gambler than the individual going to the casino,” said Las Vegas attorney Toni Cowan, who previously worked for the National Indian Gaming Commission, the federal regulatory agency for tribal government casinos.
 
* International online poker and sports wagering, according to the most prominent survey is a $21 billion industry, about $5.9 billion of which comes from U.S. gamblers.
 
* PricewaterhouseCoopers estimates online wagering nationwide would generate $10.1 billion to $41.85 billion in federal taxes and fees over a 10-year period. BolaVerde Media Group, an Internet gambling consultant which analysed PWC figures for Congress, said the lower figure is more realistic.
 
* California poker players bet $300 million a year on the approximately 2 355 wagering Web sites, many of which are in the Caribbean and Central America. Sacramento gambling attorney Martin Owens believes 1.4 billion Californians are wagering on the Internet.
 
* Americans in 2007 lost $92.3 billion gambling at tribal and commercial casinos, racetracks, card clubs and lotteries, according to Christiansen Capital Advisors Gross Annual Wager. Of that amount, $60.4 billion was won by tribal and commercial casinos.
 
* After a decade of robust growth, casinos operated by Indian tribes and Alaska Native villages won $26.8 billion in 2008, a meager 1.5 percent jump over 2007, according to the National Indian Gaming Commission and Alan Meister’s 2009 – 2010 Indian Gaming Industry Report. Revenues for 2009 are expected to drop for the first time since passage of the Indian Gaming Regulatory Act of 1988.
 
* California has in a decade evolved into a maturing market showing early signs of saturation. Revenues in 2008 fell 6 percent, from $7.8 million to $7.3 million. With the slowing market demand a handful of tribes that negotiated the right to increase their complement of machines from 2,000 to 5,000 have yet to install the devices.
 
* Some California tribes believe intrastate poker would violate the tribal exclusivity on casino gambling written into tribal-state agreements, or compacts. Those agreements guarantee the state a “revenue share” of casino profits amounting to $365 million a year, far more than the $30 million to $50 million a year that the most optimistic supporters contend will be generated with online poker.
 
* Cyberspace is regarded as the inevitable wave of the future, which many believe should be embraced by tribal governments.



Gambling News :

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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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