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Online Gambling Tempting for US States

02/25/2012 :  ONLINE GAMBLING A TEMPTING OPTION FOR U.S. STATES
 
US Outlook: There are no Puritans in a recession.
 
The Independent newspaper in Britain examined the chances of online gambling legalisation in the United States in a weekend piece, opining that "there are no Puritans in a recession", and drawing parallels between the ending of alcohol Prohibition and the present situation of online gambling, offering individual American states a fresh source of much needed tax revenues.
 
"Compared with jacking up existing taxes, or cutting public-sector pay and services, taking a rake from an online poker table looks very tempting to state-level politicians right now. Americans gambled $3 billion a year with foreign websites until the enforcement of a 2006 law that explicitly prohibited the taking of bets," the newspaper comments, noting that the desire of ordinary Americans to gamble online has not gone away.
 
The ubiquitous Richard Bronson of US Digital - a company set up to provide online gambling solutions - told The Independent that many US states would not resist the temptation to legalise and regulate for much longer.
 
Bronson told the newspaper, "I was sitting with a governor the other day and he said, 'I want to do it, I'm ready to do it, but can you please get someone else to go first?'"
 
Nevada is likely to be the one to 'go first', the newspaper opines, pointing to its long gambling history and well developed regulatory systems. However, the events in Iowa and Mississippi last week are noted.
 
The article pegs December as the real starting point for the present intense interest in legalised online poker. That was the month when the US Department of Justice abandoned its decades-old policy of lumping all online gambling into the Wire Act as illegal, instead admitting that the Act covered only sports betting.
 
"That removed the last of the legal doubts over whether states would be free to go ahead without interference," the newspaper observes. But it does acknowledge the previous ventures into legalisation in a summary of previous initiatives involving Washington DC.
 
"State politics matter," the piece cautions. "Working closely with state legislators, and building trust, matters. Getting gambling licences is complex work. The big winners are likely to be the existing casino operators, who already have those relationships and have shown themselves responsible licensees.
 
"London-listed online gambling groups, eager to get their toes back in the US, have been seeking partnerships with US casino operators, but as providers of the relatively simple technology required to run an online gaming site, they will be very junior partners."
 
The newspaper ends on a perhaps pessimistic note for European companies with American online gambling aspirations, pointing out that only American casino industry veterans and existing licence holders will be trusted with legitimate online gambling, bringing jobs as well as revenues to the states.
 
And Bronson says that licensing authorities are likely to take a very dim view of firms who once flouted US laws to lure American gamblers to offshore websites - at least those who have not made their peace with the US Justice Department.

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Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

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2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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