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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.



Gambling News :

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

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