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Evidence That Online Gambling Not A Threat To Land Based Ones
Friday March 21,2014 : MORE EVIDENCE THAT ONLINE GAMBLING NOT A THREAT TO BRICK AND MORTAR COMPANIES
Growing body of empirical evidence that online gambling complements, not cannibalises.
Fears in more conservative quarters in the United States that online gambling will take business away from traditional land-based casinos are gradually being assuaged as increasing numbers of experienced gaming executives provide empirical evidence to the contrary.
Joining senior executives from Boyd Gaming, Caesars Interactive Entertainment, Borgata, the American Gaming Association, Genting's UK group, and seasoned regulators like former Nevada Gaming Control Board chairman Mark Lipparelli this week was Chris Sheffield, managing director of Betfred, who said that there has been no evidence of business cannibalisation between online and the company's widespread UK offline gaming network.
Speaking at the iGaming North America conference, Sheffield said that he sees no cannibalisation between online and offline gaming in the nation-wide operations of his company, which operates 1,378 store locations and the Tote in the United Kingdom, along with an online casino, sportsbook and poker site.
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Yahoo Launches Texas Hold’em portal -
The online search giant Yahoo! has seized the initiative and launched a Texas Hold’em portal on its website, according to a report in the business publication Forbes.
GalaCoral and Inspired Extend Deal -
UK online and land gambling firm Gala Coral has confirmed that it has extended its licensing provision for virtual sports betting to its mobile offering following an agreement with Inspired Group.
Mega Gems Slot Launches -
Both Bejeweled and slot fans will be attracted to BetSoft Gaming's new 3D online slot, a five reel, 10 pay-line aesthetically appealing game they have titled Mega Gems.
Adam Silver speaks out About Online Betting -
Whilst most US national sports leagues appear to have their heads buried firmly in the sand when it comes to recognising the public appeal of online gambling and sports betting outside the restrictive Professional and Amateur Sports Protection Act, one executive stands out as a realist....Adam Silver of the National Basketball Association.
Pokerstars Fucking Over Players With Increased Fees -
#pokerstars #poker Further revving up players already concerned about the imposition of margins on foreign exchange financial transactions , online poker giant Pokerstars announced hikes in rake and tournament fees Thursday.
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