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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.
Recent Gambling News :
Online Poker Market Declines 7 Percent -
Overall online poker revenues declined 7 percent last week as big money promos from industry leader Pokerstars saw cash game traffic at the company's sites noticeably ease 13 percent.
Senior Police Officers Involved In Thailand Illegal Online Gambling -
In November two senior police officers, Lt General Pongpat Chayaphan, a former commissioner of the Central Investigation Bureau, and his former deputy Pol Maj-General Kowit Wongrungroj were arrested on allegations of corruption, extortion and involvement with an Indian businessman in the ring.
30,000 Arrested in Chinese Anti Online Gambling Operation -
Coinciding with Chinese premier Xi Jingpin's warnings to Macau to tighten up its regulation of gambling, the Xinhua official news agency has published the latest figures in the government's two-month-long intensified crackdown on gambling.
Poker Night Movie Launches -
Set in small-town Warsaw, Ind., but filmed in British Columbia, the movie is about a young cop who is invited to join a poker evening group comprising a selection of older police colleagues. During the games they tell the cop about their street experiences, with flashbacks to murders and other violence.
666Bet Back Up Again -
Online sportsbetting and casino firm 666BET's shuttering following a separation from the Isle of Man-based Novigroup earlier this week did not last for long; by Saturday morning the site was up and running again with an improved site design.
Big Kahuna video slot Going Mobile -
Big Kahuna is a boldly themed, fun filled game with plenty of surprises and player interaction. This American style video slot has a humorous jungle theme, filled with colorful characters and 'wild' fruits.
Canadian Sports Betting Bill Set For Review -
Canada's attempt to modernise sports betting, Bill C290, is set for review in the Senate early in January next year but according to local media still faces determined opposition from some members of the Upper House who have managed to obstinately stall the measure for the past three years,
Mohsin Charania Wins WPT Five Diamond World Poker Classic -
The 586-strong entry field was full of respected professionals, among them Fabian Quoss, Daniel Colman, Dan Smith, Erik Seidel, Daniel Negreanu, Antonio Esfandiari, Will Failla, Scott Seiver, JC Tran, and Jason Mercier, and generated a prize pool worth $5,682,200.
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