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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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Recent Gambling News :
Red-Hot Patriots Host the Detroit Lions -
Don’t expect another four rushing touchdowns out of New England Patriots rookie Jonas Gray this week, but that doesn’t mean the opposing Detroit Lions will have it easy against the sportsbook’s No. 1 Super Bowl betting option. Quarterback Tom Brady has thrown for 20 touchdowns in the past six games alone.
Americas Card Room Online Super Series IV -
Tournament players are also preparing for the popular Online Super Series IV (OSS). The series is back with an astounding $1.75 million in guaranteed prize pools through 63 individual events. This all ramps up to the December 14th Main Event with $1,000,000 GTD.
Festive Frenzy Slot Tournament -
The tournament is hosted by the merry Slot, Santa’s Wild Ride and boasts a €125,000 prize pool with a 1st place prize of €10,000 as well as cash prizes for the top 100 players.
Bitcoin Online Poker Site Launched -
Coingaming.io, a platform provider which specialises in providing Bitcoin crypto currency solutions for the i-gaming sector, announced Friday that it has launched the Coin Poker Network with InstaDeal Poker’s network solution.
Decision on New Jersey SportsBetting Comming Out Today -
With public interest in the dispute running high, Seton University issued a new study on sports betting and the controversial Professional and Amateur Sports Protection Act, a federal law which restricts sports betting to just four US states, with only Nevada among them enjoying full privileges.
Pokerstars To Launch casino and sports betting In Italy -
Trucco revealed that the online poker giant is currently working towards the imminent introduction of online casino games to Italian online punters, and that a new sports betting product is in development and will also be launched when it is ready for market.
Adelson Last Minute Attemps To Ban Online Gambling -
The Washington Post reports that Sheldon Adelson is encountering some serious opposition to his attempts to ban most forms of internet gambling through the Restoration of the American Wire Act bills, possibly triggered by his lobbyists' intense last-minute attempts to get the bill through the House Judiciary Committee before the current season ends.
New Jersey Gambling Regulator Comments on Jim Ryan -
The UltimateBet software cheating scandal several years ago has turned up again like the proverbial bad penny, triggering an investigation by the New Jersey Division of Gaming Enforcement into the involvement of former Excapsa CEO Jim Ryan.
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