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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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Gambling News :

Philippines new online gambling licensing jurisdiction has been launched - A new online gambling licensing jurisdiction has been launched in the Philippines, barely 172 miles from the Cagayan Economic Zone Authority where master licensor First Cagayan Leisure and Resort Corp is allowed to issue online and land-based gaming licences.

Morocco Blocks all free online VoIP apps including gambling - According to local press reports it is widely believed that the regulator's intention is to protect entrenched Moroccan VoIP providers from disruption and competition from Internet voice services, but the campaign has resulted in complications for other internet users.

Online Gambling Companies Success Stories - The Mail on Sunday reported on the success of the online gambling industry over the weekend, but juxta positioned the detail with problem gambling examples and a quote from an academic who appears to believe that tighter government regulation is necessary.

VIRTUAL SPORTS DEAL FOR BRAZIL RETAIL BETTING VENUES - The popularity of Virtual Sports continues to grow, with the latest deal a retail betting shop application supplied by Vermantia to Brazil's Lotteria Mineira. The lottery company has an estate of 400 land venues.

BETCLIC EVEREST RETURNS TO THE BELGIAN MARKET - Major European online gambling group Betclic Everest will soon re-enter the Belgian market after four years of exclusion under the country's online gambling licensing laws.

Pennsylvania DFS Report - #Pennsylvania lawmakers have received the report and recommendations on daily fantasy sports which they commissioned from the Pennsylvania Gaming Control Board,

California in legal action against Canadian software provider - According to local press reports Merced County has joined a lawsuit filed by the state of California against a Canadian firm that allegedly supplies gambling software to illegal so-called “sweepstakes cafes”.

Is World Poker Fund $400 Million Soulja Boy Deal Real - World Poker Fund Holdings, a US publicly listed company describing itself as an online and event-based social gaming platform, has been drawing attention to its efforts with a steady stream of press releases for the past year or more

YAHOO LAUNCHES E-SPORTS APP - #Yahoo Sports, already well-known for its fantasy sports apps, has extended the product range with the launch in iOS format of new app devoted to the booming eSports vertical.

New Poker Show The Final Table - Rush Street Productions' new poker television show The Final Table is reportedly ready to screen after more than eight months of production and visits to major games at top US gambling venues.

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