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INTERNET GAMBLING STILL ATTRACTING LOBBYING CASH
4/21/2012 : INTERNET GAMBLING STILL ATTRACTING LOBBYING CASH (Update)
First quarter 2012 numbers show that there's still plenty of investment in political persuasion
Official lobbying stats from the United States for the first quarter of 2012 show that there is still considerable interest in lobbying for political solutions to online gambling problems in the world's richest nation.
Noteworthy investments in the quarter came from:
Caesars Entertainment - $886,000 and an increase from the $784,000 the company spent in the preceding quarter. Q4 2011.
TVG (Betfair's US horseracing subsidiary) - $160,000, and a $40,000 increase on its Q4-2011 investment.
Pokerstars, working through Rational Entertainment Enterprises forked out $150,000, as did MGM Resorts, although their contribution included other interests.
Intralot paid in $90,000, with GTech and Bwin.Party close behind on $85,000 and $80,000 respectively.
Racing companies Churchill Downs Inc. and Penn National Gaming invested $80,000 and $70,000 respectively.
UC Group (involved in payment processing and an active proponent of legalised US internet gambling) boosted its quarter-on-quarter investment in lobbying substantially to $65,000.
Boyd Gaming, which with MGM has been involved in recent online gambling business agreements, also hiked its lobby spending to $60,000, whilst International Game Technology spent part of its $50,000 investment on internet gambling issues, in which it is now patently interested.
Station Casinos, whose owners have also shown strong interest in online poker, spent $30,000 and the Bicycle Casino in Los Angeles spent $20,000.
The big trade associations and action groups were in there swinging as well; the American Gaming Association spent a significant part of its increased $602,000 quarterly lobbying funds on internet gambling issues; the Poker Players Alliance coughed up $315,000 and the Interactive Gaming Council put up a little less than usual at $210,000.
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Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
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Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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