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Pokerstars and Caesars Discuss US Online Poker

Thursday April 7,2016 : INDUSTRY EXECS DISCUSS U.S. ONLINE POKER
 
Pokerstars and Caesars executives in agreement on the challenges facing US legalisation.
 
Media reports from the iGaming North America Conference currently in progress in Las Vegas note that one panel was especially interesting to online poker fans as executives from Pokerstars and Caesars Entertainment discussed the barriers to legalisation in the States.
 
Pokerstars' communications chief Eric Hollreiser and Caesars corporate development boss Michael Cohen demonstrated several areas of agreement during the discussion, and in particular singled out the following issues where the industry has lagged.
 
* The lack of a unified approach to legalisation by too many self-interested factions, which has militated against a cohesive alignment of interests for the greater good.
 
To paraphrase Cohen: "How can legislators get on board with legislative efforts when those in the industry can't even align for it?"
 
Cohen used the example of the daily fantasy sports industry, which in a remarkably short space of time, albeit under adverse pressure, has presented a largely unified front in fighting its industry corner and pushing for regulation rather than banning. This, along with backing from the major sports leagues it has cultivated, has enabled the vertical to make quick progress in a number of states, and argue its case in more hostile environments.
 
* Better using our success stories; Hollreiser pointed to the slow but steady advance of the legalised online gambling market in New Jersey and its consumer protection and tax advantages, suggesting how that might be used to better promote legalisation, and the influence it could have on surrounding states.
 
He also pointed out how the development of the legalised market in the Garden State has helped bring the live and online sectors of poker together in joint promotions, hopefully continuing to align interests to the benefit of the industry.
 
* The Adelson factor. It was posited that multi-billionaire Sheldon Adelson and his extensively-funded opposition to online gambling legalisation represents a serious obstacle to the wider industry's further advancement in the US through online gambling legalisation.

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Gambling News :

888poker in deal with Flow Esports - A statement from 888 said it was only a matter of time before the company joined forces with Flow Esports, which is headed by Daniel Märkisch and includes Hearthstone professionals Tobias Graap, Vetle Stubberud and Johannes Steindl.

Oryx Gaming launches 2 Christmas slots - Oryx Gaming has announced the launch of its new festive season online slot, titled Fairytale Forest Quik and Golden 7 Christmas.

Colorado Racing Commission Approves Mile High DFS - Mile High Racing and Entertainment (MHRE) announced Tuesday that the Colorado Racing Commission has approved its daily fantasy sports activity allowing MHRE to offer fantasy sports contests in nine Colorado locations.

Major Amaya Investors Critical of David Baazov Offer - David Baazov's intriguing attempt to acquire the Amaya Group may have been complicated by the leak of a highly critical letter from major shareholder Jason Ader's SpringOwl Asset Management.

Online Gambling Making Strong Contributions to Manila - 269 iGaming licenses were issued in 2015, along with slightly more remote gaming licenses at 88, the minister reported.

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

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