Tag: Online Gaming
PokerStars Hopeful 3rd Time’s a Charm for US Online Gambling
Despite setback after setback, Europe-based PokerStars won’t give up on its quest to break into the US online gambling market. After failing in Nevada and New Jersey, the new target is California. But odds are PokerStars is once again drawing dead. The company, operated by the Isle of Man-based Rational Group, is linked to three politically powerful Los Angeles-area card rooms and Riverside County’s the well-connected Morongo Band of Mission Indians. The partnership wants to block Internet poker legislation in the state that bans PokerStars from participating in what many believe will be a massive revenue-generating Internet market that would…
Online gaming on mobile and social network growing
iGaming Business – German secondary research organisation yStats.com has reported that players are continuing to move away from traditional gaming methods towards online gaming on mobile and social networks. In a report entitled “EMEA Online Gaming Market 2014”, the organisation said that the move to mobile and social is most pronounced in emerging markets such as Eastern Europe, the Middle East and Africa. The Turkish and Polish emerging markets were ahead of western European countries in terms of the share of online gamers on internet users in 2013. The Russian online gaming market grew by more than 20% in 2013…
Rhode Island still exploring online gaming
Providence Journal – With one of the state’s primary revenue sources threatened by the imminent expansion of gambling in Massachusetts, Rhode Island officials have stood pat on whether to move into the new frontier of Internet gaming. Rhode Island has yet to test Internet gambling even as other states open betting operations in the digital realm. A move online would siphon money away from existing Lottery retailers and, depending on the proposed game, would need statewide approval. New Jersey began offering online gaming in November 2013, joining Delaware and Nevada. Meanwhile, eight other states had legislation pending at year’s end…
Geolocation technology improves for online gaming
Philly.com – New Jersey Internet gambling regulators have eased the parameters used to determine that an online gambler is actually in the state, Brian Mattingley, chief executive of 888 Holdings P.L.C., said Friday. “By allowing us a little bit more flexibility and easing the tolerance in that distance, it made it significantly better in the second and third month,” said Mattingley, whose London-based company has a partnership with Caesars Interactive in Atlantic City. The issue is the buffer between the state line and a gambler’s location, which is determined using cellphone signals. To ensure that a gambler was on the…
U.S. Online gaming still finding its legs
Las Vegas Review Journal – Lost in the heated rhetoric over the expansion of Internet gaming is a harsh reality. Legal online wagering has not been the financial windfall many analysts predicted. Initial returns from the three states that enacted Internet gambling laws are not overflowing the balance sheet. New Jersey’s online revenue is a letdown. Delaware’s figures are inconsequential. Nevada won’t break out online poker revenue on a monthly basis until at least three websites accept bets. The third site was unveiled last week, meaning February’s statewide gaming revenue totals — which won’t be known until late March —…
Majority of U.S. voters oppose federal ban on online gaming
The Hill – Most people believe states should decide whether to regulate online gambling and are opposed to a federal ban, according to a new survey. The Coalition for Consumer and Online Protections (C4COP), a gambling advocacy group, released a survey Tuesday that found three out of four voters believe states should have the right to legalize online gambling for their own citizens. The poll also found that 57 percent of voters are opposed to a federal ban. “The American public doesn’t want Congress to pass a sweeping ban of all online gaming,” Alison Harden Siciliano, C4COP spokeswoman, said in…