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US Gambling legalisation Not IF but WHEN

Friday August 3,2012 : INVESTMENT JOURNAL PUNTS ONLINE GAMBLING
 
US legalisation not so much a matter of "if" but when
 
Margie Nemcick-Cruz of The Motley Fool investment journal wrote an interesting piece on the future of internet gambling this week, concluding that the US development of poker legalisation is a foregone conclusion, and will likely provide a major boost for land gambling giants anxious to get into the market.
 
"In 2006, sneaky Republicans tacked a clause onto a national security bill, in an effort to pander to their right wing, religious base, that essentially made online poker illegal," the writer notes as background, adding that many top companies bailed out of the US market as a consequence, hitting investors hard.
 
She fast-forwards to the present and the Pokerstars takeover of Full Tilt Poker, noting that the move is a shrewd one based on confidence in the likely legalisation of the US internet poker market either at federal or state levels. There is also an element of winning back the confidence of "snake-bitten" US players, she posits.
 
"I am here to tell you, unequivocally, it’s not a matter of if this takes place, so much as when," writes Nemcick-Cruz.  "As poker is allowed in physical card rooms around the nation and defined by law as "a game of skill," eventually politicians are going to come to their senses, and legalize the online version of it, regulate it, and bolster state and national coffers through taxation of the providers, and the 7% of players who actually win."
 
She goes on to explain the importance of player liquidity in the online gambling business and its influence on major land companies interested in a piece of the online action, and the ready availability of technology and operator experience by partnering with already well-established internet poker operators keen for US action.
 
The legalisation of online poker would have an immediately positive effect on casino profits and margins, and although the numbers would be small relative to overall revenues, they will almost certainly grow as months passed, Nemcick-Cruz predicts.
 
"It would give gaming companies a tremendously profitable revenue stream, as the entire casino player database would be employed to recruit customers,” she writes.
 
"The advantage here would go to casino companies with the greatest number of players passing through its doors- MGM, Caesars, and Boyd Gaming, all of whom have casinos throughout the United States, while Wynn and Las Vegas Sands own fewer properties."
 
Online poker rooms will be pursuing partnership deals with land-based casinos in order to secure US online licenses, the Motley Fool writer predicts, citing the Bwin-MGM Resorts and 888 poker  - Caesars deals as examples.
 
She believes that a resurrection of the Pokerstars - Wynn deal could be on the horizon, too.
 
"Despite the fact that I believe casinos will have tough times ahead as the U.S. economy deteriorates, I see the development of [online] poker legalization as a foregone conclusion, and a wind behind the sails of these mammoth ships," the writer concludes.



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Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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