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US Gambling Legalisation Unlikely

11/27/09 - Casting the shadow of pessimism over the prospect of US legalisation as the week ended was an article in the Las Vegas Sun, which reported on a survey of 17 Internet gambling experts carried out by the American Gaming Association, which itself is maintaining a neutral stance on the issue.
The consensus appears to have been that the chances for both Barney Frank's and Robert Menendez's online gaming bills passing are slim.
"Most think Congress has too much on its plate with health care reform, budget deficits and the brewing climate change mitigation fight to consider any gambling measures next year," the newspaper reports. "In addition, some suggest lawmakers won’t want to choose sides on gambling issues in an election year."
Of those polled, only one considered passage in the next year of Barney Frank's bill “somewhat likely,” with most considering it “somewhat unlikely” or “very unlikely.”
Senator Robert Menendez's less ambitious proposal to legalise, regulate and tax games of skill such as poker fared a little better, with five of the experts opining that it would be “somewhat likely” to pass in the next 12 months, but most say it’s unlikely.
Jan Jones, senior vice president of communications and government relations at Harrah’s Entertainment, was definitely pessimistic, telling the Las Vegas Sun  that Frank’s bill has no chance of passage next year or maybe ever, despite the formation of an interactive division by her company. She too felt that the Menendez’s bill has a better chance, something that would benefit Harrah’s, which owns the World Series of Poker.
The newspaper reports that Americans are estimated to have wagered $5.9 billion online in 2008 despite the UIGEA, and most of the AGA experts think the market will grow to between $8 billion and $20 billion within five years.
"Many are skeptical that the United States would lure companies operating offshore because of lower tax rates and operating costs elsewhere," the article notes.

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On a more optimistic note, Michael Waxman, a spokesman for the Safe and Secure Internet Gambling Initiative, told the newspaper that the level of online play has been underestimated and that lawmakers will soon realise how tax revenue generated by online gaming can help fill numerous budget holes.
Waxman added that Frank’s legislation has support from 63 co-sponsors so he’s not counting out the possibility that the issue would be aired next year.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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