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USA Billionaires Interested in Online Gambling

January 3, 2013 : U.S. 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 :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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