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USA Online Gambling Will Evolve Slowly
Monday June 16,2014 : ONLINE GAMBLING IN THE U.S.A. WILL EVOLVE SLOWLY
Corporate financier says momentum will grow as more states legalise and look to interstate compacts.
Corporate financier Steve Epperly, Senior Director, CIT Corporate Finance - Gaming, a division of CIT Group Inc. says an increasing number of US states want to provide gaming options to their residents rather than see them head to adjacent states to gamble, leading to the recent expansion of the gaming industry…and that legalised online gambling will evolve slowly in America.
These are some of the insights found in "Betting on the Commercial Gaming Sector", the latest installment in the CIT Executive Spotlight series of in-depth executive Q&As.
"In the face of tightened budgets and revenue streams, gaming is becoming more and more important to states," notes Epperly.
In the section on legalised internet gambling the financial industry executive says:
"Online gaming will benefit from more regulation and will roll out slowly, on a state-by-state basis, likely under the regulatory framework already established in these states for traditional land-based gaming.
"Growth in online gaming will reach a tipping point when a critical mass of states approve the activity and then enter into interstate compacts that pool gamers in these states together, similar to those agreements that govern multistate lotteries such as Powerball."
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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