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INTERNET GAMBLING COULD BENEFIT, NOT PAIN, LAND CASINOS

Thursday, May 10,2012 : INTERNET GAMBLING COULD BENEFIT, NOT PAIN, LAND CASINOS
 
Top land gambling exec Frank Fahrenkopf see online gambling as a feeder for land casinos
 
Frank Fahrenkopf, the chief executive of the US land gambling trade body the American Gaming Association, has spoken out in favour of internet gambling, reassuring interested parties that it is more likely to benefit land casinos than hurt them.
 
Speaking to reporters after presenting the AGA's annual “State of the States: The AGA Survey of Casino Entertainment” report Wednesday, Fahrenkopf referenced the current drive for federal legalisation of online poker, saying that the approval of Internet gambling would expand existing operations, and explaining that a younger player demographic would graduate from online gambling to land gambling establishments over time.
 
Fahrenkopf said that his Association had spent a "significant" amount of time and resources on researching the impact of the internet on land venues, and that it had concluded that there would be little significant change.
 
On the wider land industry picture, the trade association chief said that the gambling business appears to be emerging from a long and painful recession, growing healthier nationwide with gross gaming and tax revenues up at the 492 commercial casinos and 517 card rooms in the United States.
 
The AGA report shows that gross gaming revenue in 2011 was up 3 percent over 2010 to $35.6 billion. In the previous year, revenue increased by less than 1 percent. In 2007 and 2008, revenue declined as a result of the economic depression.
 
Tax revenue climbed 4.5 percent to $7.93 billion in 2011, and the industry directly employed 339,000 people who earned $12.9 billion in wages, tips and benefits. But the total number of jobs in 2011 was down 0.4 percent from the previous year.
 
When it comes to land casinos and gambling, operations on the Las Vegas Strip were tops, generating $6.07 billion in gross gaming revenue.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

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.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

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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