Tag: internet gambling
The Future of iGaming in America
With the recent challenges to Internet gambling in the United States, a pannel discussion at the Global Gaming Expo addressed the issue this week. Moderated by Lloyd Levenson, Chairman of the Casino and iGaming Law practice group, this panel of experts discussed the issues facing iGaming in the U.S. and the future of the industry. Panel members Susan Hensel, Director of Licensing for the Pennsylvania Gaming Control Board; Matthew Katz, CEO of CAMS, LLC; and Michael Choen, Caesars Interactive Entertainment began discussing the current legislation being considered by the Pennsylvania Senate as the state is poised to be the next…
Internet Gambling Growing at Over 40%
The revenue of the global mobile and internet gambling market is estimated to grow at a CAGR of 43.08% in terms of total annual wagers over the period 2014-2019 and by GGY, the global mobile gambling market is likely to grow at a CAGR of 18.36% during the forecast period, said the “Global Mobile Gambling Market 2015-2019″ report. Mobile and internet gambling includes betting, gaming, and lottery through mobile devices such as smartphones or tablets. The revenue from betting on outdoor sports such as football, tennis, cricket, basketball, and horse racing, besides the money spent on casino games and slot…
New Jersey Internet Gambling Sees Decline in April
Gambling 911 – New Jersey’s fledgling Internet gambling industry saw its first monthly decline, falling slightly to $11.4 million in April. In March, which had one more day of gambling than April had, Internet gambling brought in $11.9 million. Figures released Wednesday by the state Division of Gaming Enforcement show the average online take per day was $380,958 in April, down from $383,173 in March. Online gambling had shown monthly increases of 28 percent in January, 9 percent in February, and 15 percent in March. It began in late November as a way of helping the struggling casinos bring in new revenue…
The consequences of Adelson’s push to ban Internet gambling
Washington Post – Politicians supporting Sheldon Adelson’s proposed online gambling ban claim to want to protect the poor and children and to prevent crime. But if they truly cared about these issues rather than getting in Mr. Adelson’s good graces, they would reject such a ban. A ban on a good or service for which there is demand simply pushes people into the black market, creating a host of unintended consequences that make consumers less safe. Dozens of other countries have had legal online gambling for decades with few negative consequences. And there are many technological methods for verifying a…
Republicans Place Wrong Bet on Internet Gambling
Several years ago, a work colleague instructed me to use the phrase ‘gaming’, and not internet gambling when discussing our organization’s work on federal gambling policy. She believed that term better reflected the breadth of the issue and, to a certain extent, minimized the negative connotations associated with “gambling.” Twelve years later, I’m not sure that works anymore. First of all, if I began this column discussing “gaming” issues, you might think I’m referring to introverted teenagers hiding from the sun in front of their Xbox consoles. Second, it doesn’t really matter whether “gambling” has a negative or positive connotation….
Report May Provide Green Light for Regulated Online Gambling in Pennsylvania
Online Poker Report – A critical report released today on the future of Pennsylvania’s gambling industry should give proponents of regulated online gambling cause for optimism. The report – entitled “The Current Condition and Future Viability of Casino Gaming in Pennsylvania” – was presented this morning to Pennsylvania Legislative Budget and Finance Committee. Pennsylvania lawmakers mandated the creation of the report, produced by Econsult Solutions, back in December 2013. So what exactly about the report augurs well for regulated online poker and casino coming to the Keystone State? After surveying industry experts, casino owners, existing research and comparable markets to…