Monday September 19,2011 : Online gambling industry platform provider in Californian initiative
U.S. Digital Gaming is an American online gambling platform provider that is becoming increasingly noticeable in the business although it was only founded two years ago.
The name repeatedly crops up in both federal and intrastate legalization moves as its management tries to position the company to best advantage in the event that the United States departs from its presently hostile stance and goes down the legalization path.
The latest of these "look at me" tactics is a joint initiative with the respected Los Angeles Business Journal to present a roundtable discussion on the impact of legalised online gaming in California and beyond.
"In an unprecedented collaboration to bring gaming industry, business, entertainment and civic leadership together at the same table, the roundtable event will provide stakeholders and business leaders with deeper insight into the issues pertaining to the impact of legally-compliant online gaming in the local, regional and national business community," a statement from the company announced over the weekend.
California is probably a good choice on which to focus; the state desperately needs more tax revenues, and two poker legalization proposals are currently vying for the attention of lawmakers, backed by vociferous and competing business groups.
The Beverley Hills-based company, which has developed a proprietary internet gambling platform, was founded mid-2009 by former casino executives Richard Baskin and Scott Painter, led by Richard Bronson, who formerly ran development operations at Mirage Resorts.
The founders reportedly have strong investment backing and have gathered around them an impressive and diversely disciplined group of professionals who are experts in key fields, and are committed to the founders' ambitions to develop responsible, profitable and legally compliant online gaming in the United States.
In June this (2011) year Jon Richmond, a former entertainment industry executive, was appointed as chief executive officer.
Commenting on the new venture with the LA Business Journal, Richmond said this week: "The potential legalization of online gaming in California will have a ripple effect throughout the State and around the world. From our state budget to the existing gaming industry and the emergence of new technology and entertainment content, now is the perfect time to bring this issue to the forefront of the business community."
Set for October 20, 2011 in Los Angeles, the number of topics that the roundtable will address will include the issue of interstate versus intrastate legalization; California's role as a gateway to legalization; the influence of California's numerous industry and non-industry stakeholders; and the business opportunities and challenges that legalization will present California businesses.