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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.



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Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

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2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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