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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 :

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.

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