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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 :

More Online Gambling Busts in Singapore - Singapore flexed its muscle under the countryís recently introduced remote gambling act this past weekend busting an alleged online gambling ring reported to have received bets of around S$3 million over a two week period.

Strong Q1-2015 for Bet-At-Home - Betclic Everest SAS Groupís Bet-At-Home business continued its robust 2014 performance with the report of a strong first quarter 2015 despite being beset by additional tax burdens.

New Microgaming Slot Releases For May - Microgaming is set to release several new games in May including a simultaneous release across download, Flash, HTML5, Android Native and iOS Native.

Macau Gambling revenues plunge 38.8 percent y-o-y - Analyst predictions of a further decline in Macau gambling revenues in April have proved disappointingly correct following the release of official numbers that show a steep dive of 38.8 percent y-o-y...the eleventh consecutive monthly fall.

Mustapha Kanit Wins Euro 50,000 buy-in Super High Roller - Online and land poker pro Mustapha Kanit boosted his career earnings over the weekend by claiming the first prize of Euro 936,500 - his biggest win yet - in the Euro 50,000 buy-in Super High Roller event at the 2015 PokerStars and Monte Carlo Casino European Poker Tour Grand Final.

Elray Resources branching out but share price lags - Former Australian RTG online casino operator Brian Goodman's online gambling business Elray Resources is looking at new verticals in the industry, although its share price has lagged in recent weeks, reports the publication Micro Cap Insider.

End online gambling exemptions for the US horse racing industry - Two US Congressmen, Senator Tom Udall (D-N.M.) and Representative Joe Pitts (R-Pa.) have created something of a furore in the American horse racing industry by introducing a proposal in the House and the Senate that seeks to end the industry's legislative "sweetheart" status regarding gambling exemptions.

MGM wholeheartedly opposes Federal Online Gambling Ban - #mgm MGM Resorts chief executive (and, incidentally, chairman of the AGA) Jim Murren nailed his colours firmly to the mast on the question of a US federal online gambling ban over the weekend, saying that his company "wholeheartedly opposes" the proposed Restoration of America's Wire Act, a bill supported by rival Sheldon Adelson.

Tabcorp fiscal Q3-2015 - The Australian betting group #Tabcorp Holdings Limited provided a trading update Monday for the third quarter of its fiscal 2015 financial year.

Erik Seidel Wins EPT Grand Final Super High Roller - Top international professional poker player Erik Seidel (he has won 8 WSOP bracelets in a brilliant career) has triumphed in the 2015 PokerStars and Monte-Carlo Casino EPT Grand Final Super High Roller, a Euro 100,000 buy-in event that saw 71 globally respected players register.

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