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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 :
ACR $150,000 Freebuy Super Series II -
The much-anticipated $150,000 Freebuy Super Series II kicks off on Friday, August 28th. The 10-day tournament series features tourneys with $0 buy-ins and real money prizes. Poker players can register for free and play in all tournaments without opening their wallets.
LibertySlots $5000 Labor Day Slots Tournament -
The 13-day slots tournament will be played on the new Lucky Beans slot and will continue until September 8th when a champion will be declared. The top scoring player will win $1000. GET YOUR FREE ENRTY HERE
PaddyPower Spike in share price as merger news breaks -
Betfair’s share price rose 21.36 percent to GBP 31.59 as we went to press effectively increasing the worth of Wray’s 9.5 percent holding by at least GBP 50 million. Betfair’s market capitalization at close today was GBP 2.809 Billion.
New Hires for NYX Gaming Group -
Thomas previously served as chief marketing officer for part Caesars-owned Drai’s Enterprises, prior to which he held senior positions at Caesars Interactive Entertainment and was managing director for Tombola.co.uk
More UK Gambling Licenses for EveryMatrix -
Software developer EveryMatrix has been awarded a General Software Licence, a General Betting Standard Real Event Licence in addition to a Casino Licence from the UK Gambling Commission.
Updates on New Jersey SportsBetting Appeal -
New Jersey's long-running attempt to open up sports betting and get around the provisions of the restrictive Professional and Amateur Sports Protection Act has suffered another defeat following a decision by the Philadelphia-based Third US Circuit Court of Appeals this week to uphold PASPA's ban on all sports betting except for four states
Bwin/Party Asking for Clarity on GVC Bid -
In the ping pong game that the Bwin-Party - GVC Holdings takeover negotiations appears to have become, the former company issued yet another statement Thursday, confirming that "...key aspects of GVC’s proposal have now been addressed to bwin.party’s satisfaction," but advising that it is now asking GVC for clarity on the best terms on which GVC is prepared to make a formal offer.
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