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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.
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
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
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
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.
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