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M.G.M. BEHIND NEW ONLINE POKER LEGALISATION DRIVE

Tuesday October 14,2014 :  M.G.M. BEHIND NEW ONLINE POKER LEGALISATION DRIVE
 
Let NY Play campaign appears to be primarily channeled through social media.
 
In what appears to be a campaign channeled primarily through social media like Facebook and Twitter, MGM Resorts International is reportedly pushing for legalised online poker in New York, reports the New York Times.
 
The central message of the "Let NY Play" drive is that if people in New Jersey can play poker online legally, New Yorkers should be able to as well.
 
"MGM, which reported nearly $10 billion in sales and revenue last year, has no casino in New York and is not among the companies vying for one of the four casino licenses the state is preparing to grant. But MGM has made no secret of its ambition to be a big player in the expanding realm of online gambling," the Times asserts, adding that the gambling group has lobbied in Albany for legalised online poker.
 
The newspaper says that MGM's analysis of the potential of the New York online poker market assesses its wagering value at around $110 million, all presently harvested by locally unauthorised providers.
 
The state of New York could be reaping tax revenues of around $50 to $60 million if such a market were legalised and matured, the study estimated...and an additional $80 million could go to state coffers from licensing fees.
 
But reaching mature market status and realising full potential could take time, as evidenced by the slow take-off of the online gambling legalised markets in Nevada, New Jersey and Delaware, the newspaper warns.
 
Alan Feldman, an executive vice president of MGM, confirmed the slow take-off, telling the New York Times:
 
“It’s been a little bit slower to start than some had expected. But we think over time it’s going to be exactly what they did expect and more.”
 
Feldman told the newspaper that MGM, which already has an interest in the Borgata branded online gambling site in New Jersey, was exploring the possibility of putting its brand directly on an online casino in the Garden State, saying: “There could be a separate site related to MGM in New Jersey.”
 
Meanwhile, MGM is mustering support for legalised online poker in New York, Feldman confirmed. He said that of all the casino games, poker is one where an appropriate business model has been established that is the most acceptable from a political standpoint.
 
There is public support for the idea too, Feldman said, pointing to a number of studies which confirm that millions of Americans gamble online, and that the pastime is now well established.
 
The Times reports that as of Monday evening the "Let NY Play" feed on Twitter had 347 followers and the campaign’s Facebook page had 4,948 likes.



Gambling News :

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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