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LIBERALISED U.S. ONLINE GAMBLING UNLIKELY TO BE AN EASY MARKET

Top online gambling executives made some sobering comments in discussions at the Gaming Executive Summit in Madrid this week which examined the possibilities of a liberated American online gambling market.
 
888’s CEO Gigi Levy predicted that the US will remain protectionist and restrict Internet gambling licences to US companies in the event that the country changes course to a more enlightened and regulated online gambling policy.
 
“The US will be protectionist even if it regulates, and its withdrawal from its GATS (General Agreement of Trade and Services) commitments means it doesn’t have to conform to any World Trade Organisation regulation on internet gambling," he opined.
 
Referring to moves at individual state level in the US aimed at liberating online poker, Levy added: “There are five other states we know of that are considering regulating online poker, and we know the licences will go to US companies,” without elaborating further.
 
Bwin co-chief executive Norbert Teufelberger, Playtech chief executive Mor Weizer and PartyGaming chief executive Jim Ryan all took part in a wide-ranging discussion that covered global issues impacting the online gambling industry.

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Ryan predicted that regulated online gambling will see major media companies and state monopolies becoming a significant competitive threat in the industry, perhaps more so than traditional corporate rivals.
 
He said: "The world is changing as regulation takes different shape in different markets. But upcoming regulation means new entrants and competition in the market, and I worry less about direct competitors such as those sitting on this panel than I do about government-licensed operators and major media firms targeting their power markets in the future.”
 
That said, Ryan commented further on direct competitors in online poker, observing that those rivals who still accepted US business presented formidable competition as they ploughed back huge profits into marketing elsewhere in the world,  and benefited from the significant player liquidity that the US market provided. He described this as a "humbling experience" for his company, but one which had motivated it to "improve our products and offers and to really up our game."
 
The high-powered panel seemed to agree that the global Internet regulatory model in the industry has been supplanted by a more regional-national approach as individual nations, especially in Europe, draw up protectionist regulations aimed primarily at keeping their markets to themselves.
 
Playtech's Mor Weizer said that this more restrictive and insular approach had enabled Playtech to become the number three poker network in Italy, filling the regulatory requirement for an Italians-only online venue.
 
Bwin co-CEO Norbert Teufelberger discussed the line between b2b and b2c models, emphasising Bwin’s commitment to the business-to-consumer approach.
 
“We believe the b2c model is what operators should be striving for," he said. "We will only do b2b agreements with select partners, and we do this through our sports content, which is unrivalled in the industry."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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