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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.
Gambling News :
Is Poker Declining -
The independent market research company SuperData has released statistics showing that social mobile and online poker as a standalone is in decline, and operators need to combine it with casino and other games to ensure audience retention and growth.
Fanduel hires 38 former Zynga employees -
The majority of the 42 employees laid off in Orlando recently by social gaming developer Zynga have found a new home with the rising daily fantasy sports star Fanduel, which has taken on 38 of them in opening its new Orlando office.
Churchill Downs Preparing for California Online Poker -
Several media reports, quoting informed sources, report that racetrack company Churchill Downs will soon announce a partnership deal with Californian cardroom Oceans 11, and possibly the Crystal land casino, as part of its preparations to compete in a legalised and regulated online poker market that could emerge in California.
Legendz online sports betting Defendents Found Guilty -
The break up of the Legendz online sports betting ring last year had another sequel in an Oklahoma federal court this week when three men were found guilty on racketeering conspiracy, conducting an illegal gambling business and money laundering conspiracy charges.
New mobile results app for live Keno -
ThreeFiftyNine, Inc., a subsidiary of Canadian transaction management and mobile publishing company, Consorteum Holdings, has announced that following a development project with XpertX, Inc., it has completed work on a new mobile results app for live Keno.
Frederik Burvall Confirmed CEO Of Cherry -
Cherry made some management changes in December 2014 and the combination of strengthening our Malta organization and Fredrik’s experience will result in a group management that will help Cherry to reach profitability with continued strong growth.
Rank plc Earnings Report -
Digital operations continued to make a strong contribution to the performance of the online and land gambling group Rank plc in the first five months of 2015, the company said in an interim management statement Thursday.
WPTpoker Closing -
In line with ongoing company strategy a decision has been made to close down www.wptpoker.com. The closure is planned to happen on the 3rd of June 2015. After which, for up to 3 months, players will still be able to login to their accounts to request any withdrawals.
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