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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."
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.
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.<
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