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Monarch Casino Not USing Nevada online poker license

Wednesday April 2,2014 :   MONARCH CASINO HAS A CHANGE OF HEART ON INTERNET GAMBLING
 
Nevada online poker licence will not be used, says senior executive.
 
Having passed Nevada's stringent requirements for an online poker licence last year, the Reno-based Monarch Casino and Resort will not be using it due to fears that online poker may be the foot-in-the-door that could lead to full-on internet gambling, an executive of the company said Monday.
 
The head of subsidiary Atlantis Casino, John Farahi, told the Reno Gazette-Journal:
 
"Just because you can do something doesn't mean you do it. We used to be for it, but we found out poker is being used as a tool to jar the door open to wide-open online Internet gaming."
 
Farahi is clearly against the full monty; he says for a variety of moral and commercial reasons.
 
From a business standpoint, he claims he is not concerned with staying out of the online market. "The numbers are not that big a deal. No one's making a killing yet," he said.
 
"We did begin to talk [with interactive software providers]. But when we saw this turning into not just a skills game, which poker is, but open gaming, we said this is not right."
 
Despite his opinion on the small numbers, Farahi insists that if full-on internet gambling is legalised it will represent a commercial threat to brick-and-mortar operations and the Nevada economy, and he therefore supports a federal ban on internet gambling.
 
The newspaper reports that the Peppermill Resort Spa Casino in the same area as Atlantis takes an opposing view, has a partnership with Ultimate Gaming, and is moving towards regulatory permission for online gambling
 
Peppermill spokesman Bill Hughes told the Reno Gazette-Journal that his company is actioning its plans for online poker.
 
"We believe in that. We think there's an upside for us," he said. "But we're opposed to full online gaming from a casino standpoint. In Reno, people are used to significant brick-and-mortar properties here."
 
Reno gaming analyst Ken Adams opined that online gambling will best benefit large companies, saying:
 
"Caesars has 40 million people in its database. Who's going to compete against that? Who can compete with that in terms of bonus points and the like? So what I see is, lots of small casinos will oppose online gaming. It doesn't make any real financial sense for them. But every dollar spent online is a dollar not spent in a casino."

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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