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American legal issues on internet gambling are reaching a tipping point

Posted 1/25/11 : The respected internet gambling company analyst Michael Campbell, who works for the Daniel Stewart broking company, has issued a bullish opinion that the massive US internet gambling market will sooner or later embrace online gambling legalisation in one form or another.
 
Campbell says that the US scene has changed significantly in recent times with increasing pressure from major land gambling companies and the difficult economic situation influencing events. Consequently, several legalisation attempts at both federal and state level took place late last year.
 
Whilst some of these did not bear fruit, moves in New Jersey and California had been more successful and the market was rapidly reaching a tipping point, he opined. If individual states introduced legalised internet gambling, it would likely have a domino effect on other states, he said.
 
Playtech and Party Gaming have the greatest chance of landing business-to-business deals in a potentially lucrative US online gambling market, Campbell opined.
 
“Bricks and mortar casinos have endured a torrid time during the recession and are seeking to explore new ways of generating income,” Campbell said.
 
“Our view is that online gambling will move ahead whether legislative change happens at Federal or State level or a combination of both.
 
“Poker may be the only product vertical to pass at Federal level, however we believe that individual States will legalise online casino and poker at state level, with New Jersey and California leading the way, we believe will cause a tipping point, whereby other state will follow.
 
“We expect to see legislative change implemented and licenses granted in 2011 or early 2012.”
 
The analyst states the US gambling market is estimated at around US$90 billion annually, primarily consisting of the commercial casinos in Las Vegas in the state of Nevada, and Atlantic City in New Jersey - these key gambling centres account for 37 percent of the total market.
 
Campbell demonstrates the scale of the opportunity with two key stats.
 
Firstly he points out that the global online gambling market would be worth an estimated US$30 billion per year, and it is estimated that the US would account for around US$7 billion, or 27 percent of that market.
 
Furthermore, before it was banned, US online gambling actually accounted for about half the global market. "The scope for growth should legislation follow in the near future in our view is immense.”



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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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