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USA Billionaires Interested in Online Gambling

Forbes looks at powerful interests with an eye on legalised internet gambling
Our readers may recall a story last year in which major business personalities in the United States were identified as having an interest in online gambling, should it be legalised in the United States at federal or state levels.
The influential publication Forbes revisited the subject this week, identifying the following:
Land gambling mogul Donald Trump has been open about his intention to capitalise on legalisation, saying: “This has to happen because many other countries are doing it and like usual the U.S. is just missing out.”
Trump associate and head of the giant Avenue Capital Group hedge fund, Marc Lasry has ambitions in a 10 percent share of a venture with Trump in the event that online gambling is legalised. ACG manages around $12 billion in investments, Forbes reports.
Steve Wynn, who heads the Wynn Resorts land gambling empire, needs little introduction and prior to Black Friday was negotiating a deal with Pokerstars contingent on US legalisation of online poker. He's on record as supporting legalised online poker.
Leon Black, Joshua Harris and Marc Rowan are three American billionaires whose Apollo Global Management enterprise holds a $30 billion chunk of the Caesars Entertainment land gambling group, which has pushed hard for a federal solution to online poker legalisation, and has an interactive division based in Canada that is involved with internet gambling partners in European activity. Caesars was recently granted an intrastate online poker operating licence by the state of Nevada.
David Bonderman's company TPG is involved with Apollo Global in the Caesars deal, and supports a federal legalisation solution for online poker.
Lorenzo and Frank Fertitta, brothers with extensive land gambling interests, have started an interactive division which acquired veteran online poker software developer Cyberarts last year. The brothers prefer a federal solution, but have also applied for an online poker licence from Nevada. They were believed to be close to a deal with Full Tilt Poker when the DoJ's Black Friday operation upset the applecart. Full Tilt is no longer available, having been acquired by Pokerstars in a deal with the DoJ.
Steven Roth, a highly successful real estate businessman is involved with former land gambling exec Richard Bronson in the US Digital Gaming enterprise, a high profile US company which promotes the concept of legalised online gambling and is focused on the provision of software and marketing services.
Herbert Simon, a mall and sports team owner is another backer involved in US Digital.
The last name on the Forbes list is hardly a supporter of online gambling, but can nevertheless be said to have an interest in developments. Sheldon Adelson heads the massive Las Vegas Sands land gambling group and has made no secret of his antipathy to legalised online gambling. He's also one of the Republican Party's major donators, and therefore carries substantial political clout.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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