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ONLINE POKER LEGALISATION UNLIKELY BEFORE 2013

02/19/2012 : ONLINE POKER LEGALISATION UNLIKELY BEFORE 2013
 
Wall Street analyst speculates on the future of internet poker
 
Despite persistent, and as it turns out inaccurate, rumours that US politicians were about to take another run at attaching a poker legalisation bill to important federal financial proposals, it is unlikely that Americans will see legalised online poker before 2013.
 
Such is the assessment of Macquarie Securities analyst Chad Beynon in a report on the current state of play.
 
Beynon singled out Nevada as the most likely state to make progress on an intrastate basis due to the organised and professional manner in which it had approached legalisation through state law and the detailed construction of a regulatory regime.
 
The result is a flexible system that can be adapted to both intrastate and federal requirements, giving Nevada a significant edge in the legalisation stakes.
 
"We think the standards were written in a way that will allow for small adjustments as the process moves forward," Beynon wrote. "At this point, no firm date has been set, but 13 companies have now submitted for an operating license."
 
America's major land gambling groups would continue to lobby for federal legalisation, Beynon predicted in his report. He appears to feel that Nevada has appeal due to its forethought in preparing the way for legalisation, but that the social networking phenomenon with its 'play-for-fun' prospects also offers opportunities.
 
Beynon identified three interesting social networking operations that attract millions of daily visitors and may be attractive: Zynga's Texas HoldEm Poker; Playtika's Slotomania following a deal with Caesars; and Facebook's DoubleDown Casino, recently acquired by IGT .
 
US states making progress appear to be California, New Jersey and Iowa, he opined, all of which could adopt legalisation measures before the end of 2012.
 
It was possible that Nevada's regulations would set a standard for others to follow, even at federal level, he speculated.
 
Among the US land gambling giants interested in online poker possibilities, Caesars Entertainment was probably best positioned due to its ownership, experience and the strong brand and presence of the World Series of Poker, Beynon wrote.
 
Other good bets could be MGM and Boyd Gaming, both of which had secured useful partnerships with an eye on internet gambling prospects.
 
He felt that major lottery suppliers were also well placed to benefit due to existing infrastructure and business relationships that could enable them to generate business from the supply of both content and platforms.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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