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Tuesday, November 1, 2011 :  A quotable quote from one of several successful American businessmen keen on the internet poker market
Interest in the legalisation of US online poker continued unabated this week with an article by the respected Forbes magazine on how the business possibilities of internet poker have captured the imaginations of billionaire US businessmen.
The article identified some of these successful business executives, starting with US Digital Gaming's founder Richard Bronson, a former Mirage Resorts executive, who saw an opportunity to provide software and advertising services to gaming operators in the belief that regulated online gambling would ultimately evolve in the States.
Bronson found that rich and savvy billionaires were happy to invest in his new business, including real estate guru Steven Roth, shopping mall magnate Herbert Simon and wealthy heirs Robert and William Taubman.
“They are all in it for the long haul,” Bronson told Fortune, adding the quotable quote: “Not one of them thinks this will be a sprint, they think it will be a marathon.”
The piece discusses current legalisation initiatives and the market, concluding that first-mover advantage is being widely sought, building momentum for a regulated and licensed US industry.
It is well informed, covering the recent joint venture agreement to enter a US-legalised online poker market involving Donald Trump and billionaire hedge fund mogul Marc Lasry of the $12 billion Avenue Capital Group, and looking at some of the less successful attempts such as Steve Wynn's exit from a deal with Pokerstars earlier this year as a consequence of Black Friday.
Wynn has not revealed any replacement plans since the Black Friday disaster, but he has been outspoken in his support for legalised online poker in the US and will almost certainly have other options under consideration.
The Fertitta Interactive agreement signed last week with Cyberarts by Station Casino group billionaires Lorenzo and Frank Fertitta is also reported, along with their prior abortive attempt to get together with Full Tilt Poker which was torpedoed by the Black Friday indictments.
“Fertitta Interactive fully supports the federal regulation of online poker in the United States,” Lorenzo Fertitta said in a statement in October.
Back in 2008, the then Harrah's Entertainment (now Caesars Entertainment) was acquired by private equity firm Apollo Global Management, run by billionaires Leon Black, Joshua Harris and Marc Rowan, who joined with fellow billionaire David Bonderman's TPG in the $30 billion leveraged buyout.
"The deal has so far not been a good one," reports Fortune, adding that Black and Bonderman are still trying to make it work.
"The company, now called Caesars Entertainment, has been investing heavily in its online operations and backing a new Washington D.C. lobbying effort that includes former FBI Director Louis Freeh. If online gambling in the U.S. opens for business, it would certainly help Black and Bonderman, two investing legends, get out of a tough spot," the article concludes.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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