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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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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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