b2b LIzenz auf Malta und Zahlen.2014-03-17 20:05:11
Nehme die Gelegenheit, um einen neuen Thread aufzumachen......sorry, aber das Runterscollen ist mir zu mühsam geworden. Komme zurück aus einem sehr sehr schmerzhaften Abenteuer mir der RBI....habe aber immer zu meiner Stammaktie geschielt, und da bin ich wieder, heute frisch wieder eingestiegen.
Meiner Meinung nach, hat Bwin derzeit einige grosse Vorteile und Qualitäten.
1. Dieser Aktie können sowohl die Krise auf der Krim, als auch der Wahnsinnige in Nordkorea, der mit Raketen rumschisst, nichts anhaben, genauso nichts die Clowns in Syrien und Lybien. Ich bin bei RBI bei -15% nach 5 Tagen eingestiegen, und habe es geschafft, -12% in 4 Tagen zu bauen. Kompliment an mich. Die Gewinne von 6 Monaten bei Bwin vernichtet in 4 Tagen.
2. Waren die Zahlen, die ich mir natürlich genau angeschaut habe, sehr gut. Bwin hat zwar eine Schlankheitskur gemacht, hat aber satte Gewinne gemacht. Das heisst, die Company hat endlich einen Weg gefunde, und Gewinne zu machen, denn der Umsatz ist schon sehr wichtig, und der Marktanteil auch, aber man muss ja was verdienen auch.
Fazit: ich glaube, es geht mit Bwin aufwärts, die Firma sucht sich regulierte Märkte aus, wo sich Investitionen auch auszahlen und mit dem Gesetz alles klar ist.
In 2014 kommen dann die Umsätze aus den USA dazu, vielleicht macht Californien endlich auf, und wir sind bald auf 200p
Mhm... gratuliere für dein gutes Näschen. Wie man an der Performance der letzten beiden Tage der RBI sehen kann, echt der Kracher ;-).
Bei mir ist es genau umgekehrt: bin bei BWIN nach langer Zeit mit einer schwarzen 0 raus (direkt nach dem letzten Anstieg) und habe durch die Krimkrise sukzessive Aktienbündel der RBI nachgekauft und entsprechend runtergemischt.
Die BWIN geht mir einfach viel zu zach... das wird ja nie was.
zweckpesimist- ich bin ganz anderen Meinung - spatistens in einem Jahr wird es mit der Bwin.party Aktie "WAS!!!!
Ist meiner Meinung und es ist mir egal, dass es vielen auf dem Forum nicht passt,b.w., dass gerade diejenigen, die auf die Firma zornig sind werden damit nicht glucklich.
P.S.: vor kurze Zeit haben da einige vorrausgesagt, dass die Aktie auf 99 pencen fallt und fruher oder spater wird sie ganz wertlos sein... ich habe damals noch mehr nachgekauft...mitterweile habe ich schon ein Teil wieder verkauft und bei JEDER guten Gelegenheit werde ich wieder nachkaufen... die Aktien werden uns noch viel Freude machen... :) Am 14. April kommen die Quartal Zahlen und ich erwarte ein gutes Ergebniss, was allen Bwin.Party Aktionaren helfen wird!
........ .In 2014 kommen dann die Umsätze aus den USA dazu, vielleicht macht Californien endlich auf, und wir sind bald auf 200p -........wird aber auch schön langsam Zeit; in den letzten vier Jahren ist vor Allem Schutt von unfertigen oder eingestürzten Baustellen weggeräumt worden. Beachtlich allerdings ist der Überlebenstrieb der Company. Jede andere wäre an den Katastrophen, die BWP überlebt hat, mindestens schon drei mal zu Grunde gegangen. Diese Vitalität gibt tatsächlich Anlass zu Hoffnung auf baldige bessere Zeiten. Wenn auch das weitgehend verspielte Vertrauen der Anleger wieder gewonnen werden kann, dann geht's tatsächlich bald - hoffentlich steil - aufwärts.
flysky - Adelson gibt nach wie vor viel Geld aus.....und in kurze Zeit sollten siene Lobbysten in Kongress ein neues Gesetzt vorlegen/ Online Verbot fur alle Hazzard Spiele inklusive Poker/. Das kann gefahrlich werden....
Wenn du mich zu denen zählst, die behauptet haben, dass BWIN irgendwann garnichts mehr werti ist, so irrst du dich.
Aber JA, es stimmt, dass ich durchaus damit gerechnet habe, dass das Papier auf die 99 cent runterpurzeln wird - mag ich zum jetzigen Zeitpunkt eher ausschließen, auch wenns natürlich möglich ist - speziell wenn der Gesamtmarkt einen Absturz erlebt.
Fundamental ist die Aktie schon was wert und wird es auch auf längere Sicht sein - nur wieviel... ich bin nämlich der Meinung, bevor die Aktie Konkurs geht wird sie eher von jemand anderem übernommen - dazu ist sie zu wichtig im Markt - zu welchem Preis ist dann wieder ne andere Frage.
Glaube nur, dass sich in nächster Zeit nix Entscheidendes tun wird - ist nur ein Bauchgefühl; deshalb hab ich jetzt mal mittelfristig auf Banken umgesattelt.
ja, wac, das ist die eigentliche Sauerei an der Sache, dass die "Großen" praktisch immer ein Insiderwissen haben, das sie natürlich schamlos, in aller Ruhe, d. h. der facto in aller Eile ausnützen, und den Streubesitz dumm dastehen lassen. Offiziell ist so ein Insiderhandel natürlich schwer bestrafbar, aber nur für die, die sich erwischen lassen. Aber, - zweckoptimistisch - rechne ich damit, dass heute wieder Alles ganz anders aussieht, eine Fortsetzung des Trends der letzten Tage könnte tatsächlich der Anfang einer größeren Katastrophe sein, und dafür gibt's wohl keinen Bedarf.
@wac: SpringOwl hatte angekündigt, einsteigen zu wollen.....vorgestern haben sie es getan, mehr nicht. Bwin.Party Aktionäre geben in Tranchen Verkaufsorders über so und soviel Mio Stücke, zu einem bestimmten Preis, SpringOwl-Brokers gleichzeitig ein Kauforder zum gleichen Preis, lt. vorherige Absprache. Fertig. Das tut dem Kurs Nichts.
Was ich leider nicht verstehe ist, warum gestern der Kurs so eingebrochen ist. England hat angekündigt, per Jahresende die Bad Guys aus dem Markt zu wollen (Operators with no licence), aber Bwin ist ja nicht davon betroffen. Keine Ahnung warum es jetzt nach Süden geht, zumal in USA die Marktsituation immer besser wird. Vielleicht wollen die Manche noch Stücke sammeln, bevor es einen richtigen Schub nach oben gibt. Ich kann es mir wirklich nicht vorstellen, dass es wieder auf 110p geht. Aber weisst der Teufel, was da abgeht. LG, and have an nice WE.
Habe gerade die Orderbücher von Wien und London angeschaut.
Es sieht so aus, als hätten viele die Transaktionen in den letzten Tagen missverstanden, und haben billig verkauft. Heute wiever doppelt soviel Volume wie üblich in London, aber ein leichtes +, d.h. es war ein Strohfeuer, und die Gscheiten haben nachgekauft.
Weiter habe mich Sicherheit Einige auf den Downgrade von Citi reagiert. Dieses Downgrade ist für mich Nüsse wert. In Wien will heute niemand seine Stücke hergeben, und das ist richtig so :-).
flysky - danke fur die Erklarung. Was der gestrigen Kurs Sturz betrifft, kann ich auch nur vermuten, wo die Ursache liegt. Ich habe aber gelesen, dass etweder nachste oder ubernachste Woche sollte ein Lobbys von Adelson den Vorschlag auf Internet Verbot presenteiren. Das habe ich als eine mogliche Ursache fur die Kursanderuch gahalten und ehrilch gesagt, von dem Adelson habe ich etwas Angst... der kann sich mit seinem Geld fast alles kaufen.
Derzeit läuft ein Kongress, North America IGamning, 3 Tage lang. Alle Vertreter werden dort Vorträge halten, inklusive John Pappas, von der PPA und Vertreter der Konsumentenschutz Koalition, die FÜR die Marktöffnung und Regulation sind.
Wie man liest, hat Adelson gar nicht aufgegeben und ist nach wie vor bereit viel Geld zu "investieren". Mit seinen Kontakten und mit seinem Geld ist er sehr gefarlich. Es geht uberhaupt nicht um die Wahreih oder um die Moral. Es geht so wie oft nur und nur ums Geld und um die Macht. Sollte zu einem generellem US Verbot kommen, dann sehen wir lange keine gute Kursen bei Bwin.party...
Sheldon Adelson hires Blanche Lincoln for anti-Internet gaming campaign
GOP megadonor Sheldon Adelson has hired former Democratic Sen. Blanche Lincoln as part of his campaign for a ban on Internet gambling.
Adelson’s Las Vegas Sands corporation hired Lincoln Policy Group, according to public records. The former Arkansas senator and her ex-chief of staff Robert Holifield will work on the account for the firm.
The hire is part of a major push by Adelson — a top GOP donor and financier — against Internet gaming that has sparked a massive lobbying and advocacy fight. In late 2013, Adelson, the 11th richest man in the country, announced that he was preparing to spend “whatever it takes” to stop online gambling.
Adelson, a casino magnate, argues that the Internet betting is bad for society and could put the traditional casinos out of business. He created the Coalition to Stop Internet Gambling, as part of the effort. Top casino competitors like Caesars Entertainment and MGM Resorts have split with Adelson, forming their own lobbying and advocacy coalitions.
The fight will come to Capitol Hill soon, with Sen. Lindsey Graham (R-S.C.) expected to introduce a bill in the Senate to ban online gaming. Rep. Jason Chaffetz (R-Utah) is preparing to introduce a companion bill in the House.
Lincoln represented Arkansas in the Senate between 1999 to 2011. She formed her own lobbying shop in 2013.
Die Nachricht betrifft Bwin.party nur undireckt, aber je mehr Wettfirmen werden angagiert, desto schwieriger wird einen Online Verbot durchsetzen.
WSOP.com Becomes Official Gaming Partner of New York Rangers
March 24, 2014
More big developments in the U.S. on Monday as PokerNews discovered that WSOP.com's online poker room in New Jersey is the new official online gaming partner of the National Hockey League's New York Rangers. A promotion posted on the WSOP.com website exposed the new partnership late last week, and the news has since been confirmed by a source at the World Series of Poker.
WSOP.com customers in New Jersey are already eligible for the first promotion associated with the Rangers. From now until April 5, players who make a deposit at WSOP.com using a promotional code will be automatically entered for a chance to win one of four grand prizes, including a home visit from a former New York Ranger great. There's also $15,000 in additional prizes, including tickets to select home games and autographed Rangers jerseys.
New Jersey became the third state to legalize online gambling early last year, and the Garden State launched its Internet gambling market in November. Caesars Interactive Entertainment selected 888 as the software provider for WSOP.com, and the venture is slowly catching partypoker/Borgata for the top spot in New Jersey's online poker market.
Partypoker made its own groundbreaking foray into professional sports in the U.S earlier this year. In January, nj.partypoker.com partnered with the NBA's Philadelphia 76ers and NHL's New Jersey Devils. The sponsorship includes a number of promotions for New Jersey poker players as well as radio and television advertisements and advertisements at both teams' venues.
@wac: kennst du die Fälle bei Gericht, wenn eine Partei total auf Eingriff geht, viel zu viel unternimmt, währen die andere nur abwartet, und auf eine aktive Verteidigung verzichtet? Aleson hat schon längst keine Chance mehr, und das wissen alle Beteiligten in USA.
flysky - danke fur deine Nachricht, so was zu lesen tut mir sehr gut....:)
Und jetzt noch etwas ernster. Wenn ich daruber nachgedacht habe, dass eine Online Gambing Firma ist bereit die New York Rangers zu sponsern, dann ist es fur mich logisch, dass die Firma uberezeugt ist, dass der Markt geoffnet wird und und in nachste Zukunft kommt auch NY dazu.... So etwas ware naturlich fur den Aktien Kurs und vor allem fur die Aktionare ganz super:)!
A number of firms have modified their ratings and price targets on shares of Bwin.party Digital Entertainment Plc (LON: BPTY) recently:
◾Bwin.party Digital Entertainment Plc had its “buy” rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 170 ($2.83) price target on the stock.
◾Bwin.party Digital Entertainment Plc had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 145 ($2.41) price target on the stock.
◾Bwin.party Digital Entertainment Plc had its “buy” rating reaffirmed by analysts at Panmure Gordon. They now have a GBX 88 ($1.46) price target on the stock.
◾Bwin.party Digital Entertainment Plc had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 200 ($3.33) price target on the stock.
◾Bwin.party Digital Entertainment Plc had its “buy” rating reaffirmed by analysts at Daniel Stewart & Co. They now have a GBX 146 ($2.43) price target on the stock.
◾Bwin.party Digital Entertainment Plc was downgraded by analysts at Citigroup Inc. to a “sell” rating. They now have a GBX 95 ($1.58) price target on the stock, down previously from GBX 125 ($2.08).
Bwin.party Digital Entertainment Plc (LON:BPTY) traded down 3.20% during mid-day trading on Thursday, hitting GBX 121.00. The stock had a trading volume of 1,879,155 shares. Bwin.party Digital Entertainment Plc has a 52 week low of GBX 103.70 and a 52 week high of GBX 150.60. The stock has a 50-day moving average of GBX 120.2 and a 200-day moving average of GBX 120.3.
bwin.party digital entertainment plc (LON:BPTY) is a holding company.
Also ich weiss nicht ob ihr es verfolgt´s, es tut sich derzeit sehr sehr viel PRO Online Gaming: Die DGA hat einen Brief nach Washington geschickt, und gebeten, dem Wire Act zur Verbannung von Online Games nicht zuzustimmen, weiter haben die Indian Tribes in California FÜR eine Bad Actors Klausel gegen unerwünschte Operators gestimmt (Pokerstars nicht erwünscht). WSOP wird Sponsor von den NY RAngers.
Also der Umfeld in USA ist sehr sehr gut, und wenn nicht jetzt kaufen, wann dann?
Wenn es so weiter geht, sind Ende 2014 mind. 2 Staaten bereits dabei (Pennsylvania und California). Have fun.
flysky - das alles habe ich auch gelesen und es macht naturlich Freude. Auf der anderen Seite habe ich leider auch gelesen, dass der Gouverner von Texas hat sich fur Adelson aussgesprochen und die Adelsonś Lobbysten sollen in kurzeste Zeit einen Vorschlag fur Online Verbot in Kongress vorzulegen. Dann wird sich zeigen, was passiert. Wenn Du mit Adelson Recht hast und er kommt mit seinem Verbot nicht durch, dann bin ich mir sicher, dass spatistens in einem Jahr sehen wir bei Bwin.Party solche Aktien Kursen, die wir uns wunschen.... vieleich sogar viel fruher.
chester - die Aktien von Firma 888 sind ind den letzten Jahren sehr stark gestiegen, was mit den super Bilanzen zu tun hatte. Aber im Herbst 2013 war die Aktie schon ca auf 170, / noch bevor die Firma eine US Licence bekommen hat/ und noch vor 3 Tagen war der Kurs ca 137,- Also seit October 2013 ist der Kurs auch nicht gestiegen...sogar gegenteil....
Ich bin uberzeugt, wenn die Liberalisiegung in USA NICHT gestoppt wird/ und danach schaut es in Momment aus auch wenn Adelson mit allen Mittel und mit dem vielen Geld es versucht/, dass auch die Bwin.party Akiie wird noch in diesem Jahr, oder spatistens in der erste Halfte des Jahres 2015 stark steigern wird. Das ist meine Meinung und es bedeutet nicht, dass ich versuche damit jemandem beeinflussen, b.w. zum Kauf zu stimulieren:)
Es ist jedenfalls wieder einmal gelungen einen, mit Trompeten und Posaunen angkündigten grossen Durchbruch zu torpedieren und dir erwartete und noch mehr erhoffte glorreiche Zukunft von BWP steht, wie schon seit Jahren,wieder auf tönernen Füssen. Auch wenn die Interventionen im Kongress letztlich erfolglos bleiben, es wurde afür gesorgt, dass die Unsicherheit über die Auslegung und Auswirkung des Wire Acts auf Jahre hin aufrecht bleibt, denn für dier obersten Geetzgeber der USA ist dieses Theme sicher Alles andere als Top Oriority. Das wird jetzt hin und hergeschoben und mit faulen Tricks verzögert bis zum Jüngsten Tag. Damit hat Adelsson Alles erreicht was er wollte! Auf "Bitte Warten" ist in diesem schnellen Business keine Zukunft aufzubauen.
Ich bin mit der Entwicklung bei BPTY in den letzten 4 Monaten zufrieden und schaue ich sehr optimistisch in die Zukunft.
Was die US Liberalisierung betrifft, bin ich mir nicht sicher, ob Adelson das erreicht hat, was er wollte. Aber wenn sein Direktor ein Anteil der Firma BPTY kauft, gibt es fur mich keine bessere Emphelung, dass man die Bwin.party Aktien haben sollte. Ausser es ware ein "Trick" und es steckt Adelson dahinten... Dafur fehlt mir aber die Phantasie, warul sollte er das tun...
Whaoooo, WAC, richtig gedacht, Kompliment. Hatte an sowas nicht gedacht, es muss aber so sein. Es kann nicht sein, dass sein Geschäftspartner und Manager, Aktien der Konkurrenz kauft, wohlwissend, dass es publik gemacht wird (über 50 Mio Dollar).
Adelson versucht zwar das Online Gaming zu stoppen, weisst aber, dass er gegen die Wand rennt. Und hat sich abgesichert. Es muss so sein. Alles Andere wäre absurd.
Vorsicht! Wenn der Adelson auf diesem Weg über mehrere Strohmänner und Tarnfirmen eine Sperrminorität anstrebt, dann kann's nochmals brandgefährlich werden. Genaugenommen gibt es für diese Aktion keine andere Erklärung:
Also letztlich bin ich auch einer positiven Sicht der Dinge zugeneigt, zumal der Teufelberger ein "Steher" und ein "Abgebrühter Hund" ist, wie kaum einer in der Branche. Das lange Warten auf den entscheidenden Durchbruch nach oben, der ja längst überfällig ist, nervt halt schön langsam. Die Aktie hat sich so um die 1,20 Pfund festgefressen, egal welche Nachrichtenlage, wie ich es in den letzten 25 Jahren noch bei keiner meiner diversen Aktien erlebt habe. Aber meine Erfahrung hat auch gezeigt, dass nach einem Durchbruch solcher Blockaden Korrekturen bis zu 100% nach oben, in wenigen Wochen möglich sind.
Ja Gaudi, stimme dir voll zu. Jetzt steht New York vor einer Regulierung, Californien und weitere Staaten. Die Zahlen waren auch gut....also.
Dass der Adelson über 55 Mio investiert, um dann gegen Bwin.Party zu arbeiten, glaube ich nicht. Das reicht nicht, und wenn er viel mehr investiert, nehmen wir an das Doppelte, so dass er auch die Richtung mitbestimmen kann, dann glaube ich nicht, dass er gegen sein Geld arbeiten würde. Ich glaube nur an eine kleine Absicherung, mehr nicht. Er will sein investiertes Geld, falls seine Campagne fehlschlägt, absichern.
Wir werden sehen. Jedenfalls, tut sich in den USA sehr wohl einiges, und eine Regulierung in einzelne Staaten scheint die beste Lösung zu sein, wofür sich auch Konsumentenschützer aussprächen. Das Finanzamt verdient ordentlich mit, es ist viel durchsichtiger als unregouliert, und, was für uns super ist, Bad Actors (Pokerstars) schauen gewaltig durch die Finger. Jaaaaaaa.
Ja, zugegeben, das ist eine durchaus logische Denkweise, den Vorgang betreffend, vor allem, wenn man in Betracht zieht, dass sich diese Superreichen Magnaten fast immer auf die richtige Seite legen; bleibt nur die Frage offen warum der Kurs nicht nach oben geht.
Have You Read the Most Important Online Gambling Editorial?01 Apr 2014Steve RuddockOffThe fight against Sheldon Adelson’s efforts to ban online gambling in the United States has picked up a very important supporter in the form of the Fraternal Order of Police. The FOP came out against Adelson’s anti-online gambling crusade, saying a federal online gambling ban would “benefit criminals” in an editorial that appeared in The Hill last week. The Fraternal Order of Police, or FOP for short, is a 100-year-old national lobbying group representing some 330,000 law enforcement officers across the country. It is not a group that can be dismissed out of hand due to its size, nor can the legitimacy of its stances considering the occupations it represents. The FOP’s open support of the legalization of online gambling could be one of the most important moments of the current debate. Chuck Canterbury channels James Randi The editorial in The Hill, penned by FOP President Chuck Canterbury, made several key points, all the while blowing holes in virtually all of the talking points that have been uttered by the Adelson coalition calling for a ban on online gambling. Canterbury systematically explained each “sleight of hand” being employed by opponents of online gambling, exposing them as little more than parlor tricks as easily as James Randi exposes psychics. The first point Canterbury made was the most basic, and is a question that has not been raised to my knowledge: “will this make our citizens and officers safer?” A question he answered with an “unequivocal no.” From there Canterbury pointed out the myriad of problem an online gambling ban would create — or better stated: not eliminate — for law enforcement, as the current crop of illegal offshore operators would simply continue to thumb their nose at US laws, providing what Canterbury called, “no consumer protections, [...] drastically increasing the threat of identity theft, fraud or other criminal acts.” Canterbury then turned the popular anti-online gambling argument of money laundering on its ear, deflecting it right back at Adelson, Abboud, et al. like a scorched line drive back at the pitcher, saying: “There is also evidence that these gaming sites launder money for organized crime and help to finance terrorist networks. It doesn’t take a law enforcement officer to know that an overseas black market that moves billions of dollars every year is a breeding ground for these transnational criminal organizations.” Canterbury finished his remarks with a simple message that all lawmakers thinking of voting for an online gambling ban should take to heart, describing what Sheldon Adelson is proposing as “… banning a well regulated system, in favor of an unregulated, unprotected, black market.” Recent history of support for gambling expansion The support of the FOP is certainly not unexpected as the Fraternal Order of Police have been consistent supporters of legal gambling legislation in recent years, both online and land-based, even if they were not always on board. For instance, in 2009 the Ohio chapter of the Fraternal Order of Police backed the state’s casino initiative. More recently, the FOP sent a letter to Congress in 2012 (once again penned by President Chuck Canterbury) calling for online poker legislation to overturn UIGEA — which the group actually backed at the time. The FOP has come to the conclusion that the technology is now there to deal with online gambling and they have been lobbying Congress to do just that over the past few years. Why the editorial is so important In the title I called this the most important editorial in the online gambling debate, and it is. It would be quite difficult for someone in Adelson’s position as a casino magnate to try to argue with the Fraternal Order of Police over these hypothetical crimes. Beyond being a well received messenger, the editorial not only paints a picture of the “real world” (not the magical land of make believe that is fake pyramids, pirate ships, and canals found in Las Vegas) but it calls out the blatant hypocrisy of the proposed ban. The idea that online gambling would go away is laughable, we’ve already seen that attempted and it failed dismally. A ban would create an environment where all of the apocalyptic pronouncements Adelson and company have been proselytizing about would thrive! Far from protecting us, as Canterbury explained, Adelson would be holding the door open for these dire events. By calling for a ban on online gambling Sheldon Adelson is asking us to put out a grease fire with water. To the uneducated it seems like a good idea, but the informed know better. Hopefully Canterbury’s editorial and more like it will help boost the ranks of the informed. - See more at: http://njpokeronline.net/news/4836/...
alles super News, ausser EINE (und deswegen geht der Kurs wieder nach Süden heute): Die Morongo Indianer verhandeln weiter mit PokerStars und pfeiffen auf die Bad Actors Klausel. Wenn PokerStars in Californa dabei sein dar, ist die Rentabilität eines Launsches die grosse Frage. Derzeit ist NJ eine Einnahmequelle, weil PokerStars nicht dabei ist, und PartyPoker viel gut machen kann. Also ich halte dieser Aktie noch 3 Monate die Stange, und dann will ich Results sehen, sonst......
ich habe noch eine solche Nachricht gelesen.... mitterweile bin ich mir sicher, dass der Adelson mit seinem Verbot NICHT durchkommen kann... dazu reicht auch sein Geld nicht mehr.... es ist NUR meine meinung, aber noch mal- ich schreibe es, weil ich davon wirklich uberzeugt bin und weil es mir freut so etrwas zu lesen!!!
State lawmakers group opposes bill to ban online gaming
Nevada Senate Democrat Debbie Smith, president-elect of the National Conference of State Legislatures, listens to floor debate during the final day of the 77th Legislative session at the Legislative Building in Carson City in this June 3, 2013, file photo. The NCSL said Thursday it opposes a bill in Congress that would restore a ban on online gaming. (AP Photo/Cathleen Allison)
By HOWARD STUTZ
LAS VEGAS REVIEW-JOURNAL
An organization of state lawmakers said Thursday it opposes a bill in Congress that would restore a ban on online gaming.
In a letter to the congressional leadership and copied to all members of Congress, the National Conference of State Legislatures said the organization expresses strong opposition to the Restoration of America’s Wire Act, which was introduced last month by Sen. Lindsey Graham, R-S.C., and Rep. Jason Chaffetz, R-Utah.
State Sen. Bruce Starr of Oregon, the organization’s current president, and Nevada State Sen. Debbie Smith of Reno, the current president-elect, said in the letter that Congress should “respect the sovereignty of states” in deciding if they want to participate in online gaming.
“States have proven that they are effective regulators of the gambling industry, and the proponents of this legislation fail to make a case that we have been negligent in our responsibilities to the industry and consumers,” the letter said. “This attempt to enact a wholesale prohibition of online gambling with the Restoration of America’s Wire Act is merely a solution seeking a problem.”
The bill seeks to reinstate federal law to prohibit “all forms of Internet gambling.” It comes in the wake of a December 2011 Justice Department opinion that the relevant law, the Interstate Wire Act of 1961, covers only sports betting.
That opinion dramatically changed the landscape, sparking moves by states, casino interests and technology vendors to explore online markets. Nevada, New Jersey and Delaware have legalized forms of in-state online gaming. Some 10 states are considering legalizing the activity.
The letter stated that states, including Utah and Maine, have taken steps to forbid online gaming.
“This is the way it should work, each state making the decision that is best suited to the desires of its residents and not through a congressional mandate,” the letter said.
The legislation does not contain a grandfather clause that would permit Nevada, New Jersey and Delaware to continue offering online gaming, and it would bring to a halt the recent Nevada-Delaware agreement to pool online poker.
Those states and any others would be required to get Congress to sign off.
Nevada Gov. Brian Sandoval expressed his opposition to the legislation.
The Graham-Chaffetz legislation tracks the goals of billionaire Las Vegas casino owner Sheldon Adelson, who has financed lobbying campaigns in Washington and in various states to stem the growth of online gaming and roll it back wherever possible.
An early draft of an online gambling ban that circulated on Capitol Hill was written by a registered lobbyist for Las Vegas Sands Corp., Adelson’s company.
Contact reporter Howard Stutz at email@example.com or 702-477-3871. Follow @howardstutz on Twitter
Am 14.April werden die Zahlen fur das 1.Q. veroffentlich. Spatistens dann erwarte ich einen Kurs Zuschlag. Aber es andern nichts daran, dass ich auch einen besseren Kurs erwartet habe und den wurde ich mir naturlich schon jetzt wunschen. Vielleicht als kleiner Trost wurde ich erwahnen, dass auch vor ca 8-12 Jahren war der Kurs von der Betandwin Aktie lange sehr niedrig, was damal auch "niemand" verstanden hat...und dann in kurze Zeit hat die Aktie richtig "explodiert"... Ich hatte naturlich nichts dagegen, wenn sich die Geeschichte wiederholen wurde:)
Wac, ich auch ncht :-). Die Zahlen des ersten Quartals erwarte ich nicht als sonderlich gut, auch wenn NJ hinzukommt. Was ich aus den Medien so erfahren habe, ging die Zahl der Pokerspieler weltweit etwas zurück. Bwin.Party wird auch Einbüsse haben. +(NJ)-(Einbüsse)=0, ABER: vergessen wir nicht, dass Bwin.Party mittlerweile auch Gewinne macht. Sinnlos die Umsätze zu steigern, und Verluste zu machen, ist a la Long idiotisch. So gefällt mir Bwin.Party eigentlich besser. Jetzt will ich aber einen Kurs von € 200p haben :-).
flysky - Was die Zahl der Poker Spieler betrifft, da hast Du leider Recht. Andereseits - Bwin .party ist in der Momment schon for Ipoker und Full Tilt Poker. In dem Sport Bereich erwarte ich aber DEUTLICHE GEWINNE. Ich verfolge namlich die meisten Fussball Spiele und die Ergebnissen sind seit December fur jede Wettfirma sehr gunstig.
Was der Aktien Kurs betrifft, da habe ich ahnliche Vorstellung wie Du, nur wurde ich eine etwas bescheidene Formulierung wahlen... und zwar, ich wurde mir wunschen, meine Bwin.party Aktien mit dem Kurs 180 - 200,- penncen pro Aktie zu verkaufen...
Sheldon Adelson Casino Fined for Underaged Gambling
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The Pennsylvania Gaming Control Board has announced that it has fined the parent company of the Sands Resort Casino in Bethlehem a total of $56,000 for four incidents in which minors were able to gamble and/or consume alcohol on the gaming floor.
As readers will note, the Sands' chairman and CEO is Sheldon Adelson, who is vehemently opposed to legalized Internet gambling as a scourge that will corrupt youth. Adelson has gone on record as saying that minors cannot be safeguarded from wagering online.
This is not the first time that the Bethlehem Sands has been cited for contributing to the moral decay of America's youth. Similar fines were levied in 2010, 2012, and earlier this year.
The Sands took steps to minimize such misdeeds in the future after the first incident in 2010 by providing guidance and training to employees. Whether the employee education program has been effective is a matter for debate considering the repeated violations.
Incidentally, Forbes just released its latest list of the wealthiest people in America. Adelson just missed the top ten of the Forbes 400, landing in 11th place with a net worth of $28.5 billion. That's $28,500,000,000.
Offensichtlich mochte jemand der Offentlichkeit zeigen, dass es nicht Wahr ist, was Herr Adelson behauptet....
New Jersey Woman Stole $1.8 Million to Gamble as Sands Resort Casino
Nelann Quigley Lost $770,000 at Sheldon Adelson's Las Vegas Sands Casino in Bethlehem
A New Jersey woman is charged with stealing nearly $2 million from her employer in Allentown to fund her gaming habits at the Sands Casino. Over a 6 year period, Nelann Quigley of Watchung, New Jersey stole $1.8 million.
Records obtained from the Sands Casino Resort Bethlehem indicate Nelann Quigley’s alleged crimes were committed to pay off gambling debts incurred at the Sands Casino. Over a 16-month period, she wagered nearly $800 thousand at the Sands Casino in Bethlehem, Pennsylvania. It was in this time she stole over $700 thousand from her employer, a surge of theft which attracted the attention of her boss.
The investigation into Quigley’s alleged crimes began in January or early February 2014, when James Weppler, the owner of the victimized company, told authorities that someone had stolen $700 thousand from Aetna Felt Corp’s bank account. It originally was thought the crimes occurred between January 2012 and January 2014. When investigators began to look more closely at the bank account, they realized that $1.8 million had been stolen in all, in crimes dating back to 2008.
In all cases, unauthorized checks had been signed with the name Nelann Quigley. Such withdrawal slips require the signature of two Aetna Felt Corp. employees to authorize the withdrawal, but “Nelann Quigley” was the only authorizing signature. The checks were cashed using a bank account Aetna Felt Corp. had with a local financial institution in Allentown, Pennsylvania.
Details of the Alleged Crime
In all, 267 checks were cashed in Nelann Quigley’s name at First Niagara Bank in Allentown, totalling some $1,851,423 stolen. The illegal checks endorsed by Quigley were written to a number of different entities, including credit card companies, car finance companies, and insurance firms.
The dates of the suspicious activity ran from January 9, 2008 until January 24, 2014. The checks were filled out to Allstate Insurance, Bank of America, a local Jared Galleria jewelry store, Discover Card services, and Toyota Financial. Some of the checks were made out to herself.
After the Aetna Felt Corp. learned who was responsible for the embezzlement, Nelann Quigley was fired from her job with the company. According to Allentown’s district attorney’s spokeswoman, Debbie Garlicki, Quigley turned herself in on Friday, April 4, and was arraigned on a felony charge of theft in the court of District Judge Ron Manescu. Judge Manescu set an unsecured bail of $25,000.
New Jersey Resident
The alleged perpetrator, who is 65 years old, lives in Watchung, New Jersey. Watchung, a town of 5,613, is in Somerset County, New Jersey. Watchung is located along Interstate 78 between Allentown and New York City, just over an hour by car to Allenton.
Gambling Addiction at Sands Casino Resort Bethlehem
The investigation also showed that Nelann Quigley had a Sands Casino players card from October 2012 until February 2014. Records of that account show that Quigley lost around $770 thousand playing at the Sands Casino Resorts in Bethlehem during that time.
The Sands Casino Resort Bethlehem is found in Bethlehem, Pennsylvania which is about 10 miles away from Allantown. The casino is owned by the Las Vegas Sands Corp., the largest gaming enterprise in the world. Its CEO is Sheldon Adelson, who wants to end legal online gambling in the United States, because he says it encourages the kind of problem gambling which Nelann Quigley exhibited.
Online Gambling and the 2016 Presidential Campaign
Last week, Sheldon Adelson met with four potential 2016 Republican presidential candidates in Las Vegas. He donated $90 million to Republican campaigns in 2012, hoping to see Barack Obama defeated in his reelection bid. He’s also vowed to spend whatever money is needed to see regulated Internet gambling ended in the USA. Adelson’s stated reason for doing so is the issue of gambling addiction, which he says is encouraged by the nature of online and mobile gaming.
Sheldon Adelson has stated that gambling addiction is less of a problem in land-based casinos, because it is less convenient for the gamblers. He argues that brick-and-mortar casinos cannot be accessed as often as a personal computer in the privacy of one’s home, so traditional gaming ventures simply cannot victimize their customers they way an online website could. According to the Las Vegas Sands CEO, his casinos therefore are more responsible in dealing with their customers. At present, no spokesman for the Las Vegas Sands Corp has made a statement on the Nelann Quigley case.
Improvements to all verticals scheduled over the course of 2014 with sportsbook leading the way as the firm looks to build on sequential growth
Bwin.party CEO Norbert Teufelberger said new several new sportsbook product launches and improvements to its mobile casino would help reposition the business for the long term following its second quarter of sequential growth.
The operator revealed today that while all verticals had grown sequentially, although revenues were down 8% year-on-year as its shift from “volume to value” continued to impact the business.
Product enhancements and launches have been planned across all four of the operator’s verticals and Teufelberger said the developments were in a “good place”.
Sports betting, the operator’s largest vertical in terms of revenue, is set to receive a significant product revamp in advance of the World Cup kicking off in mid-June, Teufelberger revealed during a call with analysts this morning.
“With the World Cup just two months away we are focusing on delivering several new sports betting products and special promotions to help drive additional revenues during what is normally a seasonally quiet time for football betting in our main European markets,” Teufelberger said.
The launch of native mobile sportsbook apps in both Belgium and Spain have contributed to the “good progress” in expanding its mobile business, as has the company’s recent casino content deal with William Interactive.
Prior to the deal, Teufelberger revealed that just six casino games were present on its mobile casino app, but this is now set to rise to 40 and said planned new casino launches would “vastly matter” to the business moving forward.
Italy, one of the operator’s regulated markets, was down year-on-year in revenue terms and bwin.party said a move away from its dual platforms in the country following the integration of its operations there should provide a material benefit.
“That will boost the margin very nicely once we do it towards the end of the year,” Teufelberger said.
Enhancements to the firm’s poker offering in the New Jersey, France and dot.com markets as well as new mobile poker products in Belgium, Denmark and Spain are also due to be rolled out by the end of the year.
Bwin.party has recorded its second successive quarter of sequential growth with a 1% increase in revenue, but total revenues were 6% down on the previous year as its “volume to value” switch continues to impact the business.
Total revenue for the three months to March 31 rose 1% to €165.7m, but numbers were down 6% year-on-year, which the firm blamed on ISP blocking in Greece and general decline in the poker market.
The percentage of revenue from regulated markets increased to 56% from the 51% reflecting the much trumpeted “volume to value” switch with sports in particular seeing lower activity in dot com markets.
Having described Q3 2013 as a “low point” for the business, CEO Norbert Teufelberger revealed the company was to “drive higher clean EBITDA margins” this year and has earmarked an additional €20m in cost savings.
“Whilst we are now moving into the seasonally quiet trading period, with the roll-out of new products, more mobile extensions and the FIFA World Cup to come, the Board remains confident about the Group’s full-year prospects,” Teufelberger said.
The operator’s sportsbook recorded revenue of €64.7m, up 3% sequentially, but down 3% year on year with ISP blocking in Greece having a major impact.
The sequential growth was driven largely by a 58% year-on-year increase in revenue derived from mobile devices following new mobile product launches in both Belgium and Spain.
Casino revenue rose more modestly at just 1% to €52.6m, however the operator revealed plans to launch more than 100 new casino games by June this year and forecasted an increase in cross-sell to the vertical once it has integrated casino products into its native mobile sports and poker apps.
The largest sequential rise was in bingo revenue, up 5% on Q4 2013 to €14.2m as new iOS apps for its Foxy Bingo brand – set to undergo a rebrand this year - drove new player sign-ups up 24% and daily average players up 2%.
Poker, the vertical arguably hit hardest by the volume to value strategy with revenue down 26% year-on-year, remained flat sequentially despite a launch in the US market.
The firm noted it had outperformed the general poker market, which saw 15% decline in the period, and pointed to the release of mobile poker offerings in Belgium, Denmark and Spain as factors expected to enhance the vertical’s performance moving forward.
Revenue from mobile devices proved to be a particular high point for the company as it boosted revenue across all of its verticals and represented 17% of total gross gaming revenue over the quarter, up on the 8% in Q1 2013.
Revenue from other sources, most notably payments provider Kalixa and the firm’s B2B arms, increased 16% year-on-year to €10.3m amid suggestions that bwin.party could consider spinning one or more of them off to focus on its core business.
Teufelberger also revealed that Simon Duffy is to stand down as bwin.party chairman at the company’s AGM on 22 May 2014, to be replaced by former Manchester United, HBOS and Halifax non-executive director Philip Yea.
Yea is also a former chief executive of private equity group 3i and managing director of Investcorp, and is a current non-executive director for mobile telecoms firm Vodafone.
“There are some exciting opportunities and challenges for the business as it looks to leverage its technology, further reduce costs and build shareholder value through development of its regulated business, particularly in the US,” Yea said.
Activist investor tells eGaming Review that CEO Norbert Teufelberger must “surround himself with better management team” and confirms company split a possibility
Bwin.party should look at a potential split and investors are right to question current management with the firm underperforming, according to the firm’s second-largest shareholder Jason Ader.
Activist investor Ader (pictured), whose SpringOwl firm purchased 6.1% of the operator in February, told eGR he wants to see the stock “materially higher than where it is now” and called into question the performance of management and the governance undertaken prior to the bwin and PartyGaming merger.
The former gaming analyst now wants to hear what plans bwin.party CEO Norbert Teufelberger has to drive shareholder value but says his request has yet to be met.
Possible strategies, he admitted, do include splitting the company up into regulated and unregulated businesses – a move which has been rumoured in recent weeks – as well as spinning off and floating its B2B payments solution Kalixa to raise funds.
In a similar move, Playtech founder Teddi Sagi revealed plans last month to raise around $100m by floating payments provider SafeCharge on London’s AIM stock exchange.
“I have offered to sit down with the management, sign an NDA, and talk about every potential opportunity to create shareholder value,” Ader said. “We’re open to all initiatives.”
“[Splitting the company up] might make sense to say but there is a required understanding of how expenses would be split, how branding would be split, how profits would be split and so on.
“They [bwin.party management] haven’t been willing to sign an NDA yet to discuss private matters but we hope to get those discussions soon.”
It was also suggested that shareholders have a “right to know” why the operator has suffered so many setbacks since it became the world’s biggest public egaming firm through the merger of bwin and PartyGaming in 2010.
The promised synergies, cost savings and profitability have not materialised, Ader said and bwin.party’s share price has fallen from more than £3 in mid-2010 to around £1.22 today.
“The stock performance speaks for itself,” Ader said. “How much due diligence was done for the merger? There have been various complaints about the tech migration and has since been a long delay to new product and mobile launches, but why did it not come up in the due diligence?
“Over the last three years the track record is very poor. I don’t know why any shareholder would have confidence in the current management team to implement change.”
However Ader, who said he his investment is “for the long-term”, added that the management’s track record suggested any major strategy implementation may not be rolled out successfully.
While he said Teufelberger is “very knowledgeable in the sports betting area”, Ader said the Austrian CEO should be “surrounding himself with a better team”.
Ader conceded that revenues have been hit by a “challenging” regulatory environment, including ISP blocking in Greece and increased gaming taxes in Germany, however said other operators have coped where bwin.party has not.
“Look at 888. It has outperformed bwin.party. It you compare efficiency ratios – any ratios – with bwin.party there is no doubt bwin.party is underperforming.”
The bulk stock purchase gave SpringOwl the right to appoint a director to bwin.party’s board, the name of whom Teufelberger has urged Ader to name and is expecting within the next fortnight.
The operator today announced the appointment of former Manchester United, HBOS and Halifax non-executive director Philip Yea as a non-exec director.
Yea’s appointment, a former chief executive of private equity group 3i and managing director of Investcorp, could be seen as pre-emptive measure to SpringOwl’s nomination.
“We need to spend more time with the company and understand the attributes of the existing board so that we can complement them with a new director,” Ader said.
In today's Q1 financials, bwin.party posted its second successive quarter of sequential growth with a 1% increase in revenue.
However Ader responded to the figures by saying SpringOwl "continues to question" whether the choices and decisions made by this Board are in line with the goal of restoring shareholder value.
"Be it through personnel decisions which do not appear to take into account the needs of the business or compensation decisions which we don't believe have been aligned with the success (or lack thereof) of the shareholders, it is unfortunate that this Board has overseen a path which has seen the shareholders bearing the economic burdens of their mistakes," he said.
“We have had several conversations with Jason, welcome his investment and look forward to holding more in-depth dialogue,” a spokesman for bwin.party said.
“We continue to urge him to use his right to nominate his representative to the Board as soon as possible so that we can take him through the full details of our plans.”
Bwin.party revenues are suffering from switch to regulated markets while GVC makes headway in LatAm and Eastern Europe
As bwin.party’s shift away from non-regulated markets stifled revenue growth in yesterday’s Q1 announcement, an altogether different strategy is paying dividends for rival operator GVC.
London-listed GVC has thrived by taking almost the exact opposite approach to bwin.party, benefiting from sports betting brands focused on Latin America, Turkey, Eastern Europe and a gaming brand focused on Germany.
Bwin.party’s top line revenues, meanwhile, have been heading in the wrong direction as its shift from “volume to value” plays out.
The percentage of revenue it attracts from “sustainable” territories increased to 56% from the 51% in Q1, at the cost of a 6% drop in overall revenues.
And it is this strategy, as well that of others withdrawing from grey or more volatile markets, which appears to be directly playing into the hands of the less risk-averse GVC.
As investment intelligence firm Edison noted in its 2013 GVC coverage, “much of GVC’s business is already in regulated markets where it is benefitting from some other operators’ withdrawals or reductions in marketing effort”.
Last April bwin.party ceased accepting new sign-ups from the likes of Argentina, Brazil, Columbia, and much of Eastern Europe, where GVC made 22% (€40m) of its revenues last year.
GVC also benefits from two prominent brands in LatAm – Betboo and Sportingbet – contributing €9m to the bottom line during 2013. And that’s not to mention the positive impact a football World Cup this summer could have on that total.
Ivor Jones, an analyst at Numis, says bwin.party’s volume to value strategy is “work in progress” and that changing the risk profile of the business is an important step for an operator with grand ambitions.
“Bwin.party has the potential to be a market leader in several markets, and that is what it plans to do,” he says.
“It’s very hard to say whether or not its strategy is working yet. If it ends up with bwin.party being a profitable business with a lower risk profile then we will be able to say it has worked.”
The same point, he says, can be said of GVC’s business plan. And given the often unexpected way in which governments have treated online gambling in the past, he suggests it is better to be safe than sorry.
“GVC will be fine and more profitable in the short term – so long as nothing changes in terms of regulation,” says Jones. “But as a public company investor I would rather have my money a company reducing risk rather than taking on more.”
Brian Mattingley praises bingo restructure and says bwin.party rivalry brings out the best in the industry
888 chief executive Brian Mattingley (pictured) said he was “absolutely delighted” with the pick-up in bingo, a vertical which last year underwent a major restructuring, in this morning’s announcement of record quarterly revenues.
B2C bingo grew 2% annually and 9% sequentially to $12m (£7m), a performance which Mattingley said rewarded those who had worked hard to turnaround a vertical which had been losing ground.
“That has to be the highlight for me,” Mattingley told eGaning Review this morning. “We have put casino down as our star performer but I am very proud of my team in our bingo division.”
“I’m a bingo man through and through - I started my career in bingo and I think the guys realised that things weren’t going quite right.”
“We restructured the department, we reengineered, we looked at new bonusing methods as well as the quality and types of games, and I think now we are feeling the real fruits of our labour,” he said.
The chief executive also noted recent comments from bwin.party investor Jason Ader, and said he feels the company’s rivalry with bwin.party helps to “underpin” all that is good about the online gaming industry.
Speaking to eGR following the release of it Q1 2014 results this morning, Mattingley said he was “pleased” to hear Ader concede bwin.party had been outperformed by 888 of late.
According to Mattingley, praise from its rival has been in short supply despite his team regularly acknowledging bwin.party to be a “very strong, very professional and excellent operator”.
“I think bwin.party is an excellent operation and as long as you have two or three big and consistent operators in the industry it does nothing but underpin the whole way the industry is moving forward,” Mattingley said.
“Security, game play, transparency, and everything which is good about online gaming should come when you have got great activity from two or three good players - so it’s good to hear something positive from them,” he added.
Mattingley was also upbeat regarding its Kambi-powered sportsbook prospects; a vertical he said now contributes roughly 5% of revenues and growing constantly.
The operator is preparing to launch the product in Spain ahead of this summer’s World Cup, an event in which Mattingley now feels 888 can compete and grow its customer base.
“I think the World Cup is a very good place for us,” he said. “It will be the first time we have a sportsbook that’s competitive and we will be promoting it.
“We promoted in December and that produced some good results and we are due for another thrust as we come into late spring - I think we could start to see it being used as a relatively good economic acquisition tool,” he added.
Mattingly also said the operator was on track to launch gaming products in Nevada by mid-summer through its 888Poker brand and its partnership with Treasure Island after receiving clearance from the local regulator.
Teufelberger reagiert jetzt..... . Das ist einfach lächerlich, was hat er dann bisher gemacht? Ob ihm der Aufsichtsrat das abkauft? Das Schließen unregulierter Märkte erklärt doch nicht die Versäumnisse bei dem mobilen Angebot und das zurückfallen hinter die Konkurrenz.
Chester - nach dem ich dein Beitrag gelesen habe, mochte ich etwas fragen.
Weisst Du - oder vieleicht jemand anderes - was ist damit gemeint, b.w. was wurde es fur die Aktionaren bedeuten, wenn sich Bwin von Party Poker in Zukunft trennen wurde?
Falls es uberhaupt moglich ist?
Schwer zu sagen. Fakt ist, dass die Fusion bis dato keine Vorteile gebracht hat, außer die Synergien von runf 70 Mio Euro. Einen Split halte ich derzeit für nicht sinnvoll, zumal der USA Markt mit partypoker reüsiert. Ich halte es dennoch für sinnvoll, wenn sich die Hauptaktionäre massiv für eine bessere Entwicklung einsetzen zumal Teufelbergers Performance bis dato nicht den nötigen Erfolg gebracht hat.
Hier muss sich im Interesse der SH schnellstens etwas ändern, ansonsten laufen und immer mehr Anbieter den Rang ab.
Niemand weiß genau was die Zukunft bringt, aber "irgendwas" soll in den nächsten Monaten passieren...... was auch immer....... ist aber nicht "wurscht"...... ;-)))
Können wir hoffen, dass das Management richtig reagiert! :)
Last week’s results from bwin.party and GVC gave an insight into two very different grey market strategies, but which is better for long-term success?
Two major operators with two very different approaches to grey markets revealed their latest financial results last week, with one showing a rapid increase in revenues and the other facing a very different picture.
The fortunes of bwin.party and GVC provide a stark contrast of how today’s egaming operators view their long-term regulatory risk profile.
Bwin.party saw overall revenues fall 6% year-on-year in Q1 as the percentage of revenue it attracts from “sustainable” territories increased to 56% from the 51%.
Meanwhile GVC reported record levels of revenues and EBITDA, with its brands in grey markets including Latin America, Turkey and Greece, performing strongly.
And while bwin.party’s dip in revenue may not be entirely be down to grey market exits – last April it ceased accepting new sign-ups from the likes of Argentina, Brazil, and much of Eastern Europe – the correlation is clear to see.
But as more countries shift towards a dot.country licensing regime, some of which are prepared to ‘blacklist’ operators actively taking bets there as part of the process, does GVC’s grey market strategy have a limited shelf life?
One must only look at the UK Gambling Commission’s approach to licensees’ grey market activity to think it might incur problems along the way.
Despite declining revenues in a period where GVC profits soared, Ivor Jones of Numis stating that bwin.party’s move to a lower risk profile should encourage investors.
“GVC will be fine and more profitable in the short term – so long as nothing changes in terms of regulation,” Jones told eGR last week. “But as a public company investor I would rather have my money a company reducing risk rather than taking on more.”
But in this week’s poll, we want to know which approach to grey market activity you think will pay off in the long-term? Bwin.party’s cautious approach at the cost of short-term profits, or GVC’s cash generative expansion into the likes of LatAm and Eastern Europe?
Der Abgabenvergleich von regulierten zu unregulierten Märkten dürfte sich derzeit die Waage halten. Bei Ersteren schöpft der Fiskus - in kalkulierbarem Ausmaß, aber nicht zu knapp - den Rahm ab, um marode Staatskassen zu entlasten, bei letzteren ist das Tolerieren wohl von einem nicht unerheblichen Schmiergeldfluss abhängig. Da kann es natürlich leichter -urplötzlich - zu unliebsamen Veränderungen kommen. Ob der lange Atem von Bwin ausreicht um den - auf leidvoller Erfahrung basierenden - Strategiewandel, von "moderner Piraterie" zum "seriösen multinationalen Player" durchzustehen, das steht mehr denn je in den Sternen. Fest steht jedoch, dass der Weg zurück auf die Straße dauerhafter Erfolge weiter ein langer und steiniger sein wird und damit die Attraktivität der Aktie - ohnedies schon schwer beschädigt - nochmals einen schweren Rückschlag erlitten hat.
Bei den Meldungen über Wechsel in der Führung von Bwp könnten die Begriffe Aufsichtsrat und Vorstand durcheinandergeraten sein. Weiß wer Genaueres?
@gaudi - es ist sehr schoen geschrieben und formuliert und es klingt auch logisch. Ich gebe zu, dass ich uber die Kursentwicklung der Bwin.party Aktie nicht glucklich bin. Trotz allem bleibt fur mich aber eine grundsatzlich wichtige Frage. Und zwar, WARUM hat sich so ein Man wie J.Ader in das Unternehmen eingekauft? Er ist doch ein absoluter Experte und Kenner der Branche! Die Antwort werden wir alle fruher oder spater erfahren, ich hoffe nur, dass Hr. Ader hat Korrekten Absichten und es ist nicht der Fall, dass Adelson oder sonst jemand steht dahinten....
....das ist ganz einfach beantwortet: Großinvestoren wie Ader sanieren und verkaufen oder filetieren und verkaufen. Für Beides braucht er aber eine qualifiziert Mehrheit, die er erst finden muss. Druck machen kann er aber, und das hat er - halleluja - reichlich getan. Nur: Es waren 3 Jahre Zeit, sich an geänderte Marktverhältnisse anzupassen; jetzt "Qualität statt Masse" dafür verantwortlich zu machen, dass man blamabel ins Hintertreffen gelangt ist, ist dürftig und kann meines Erachtens das Management nicht entlasten. Da muss dringend ein Wechsel beim exekutiven Management vorgenommen werden; vielleicht eh schon passiert aber noch nicht in den Nachrichten.
..hinter die Kulissen sollte man blicken...... ist aber schwierig...... "zocken" wir halt weiter und hoffen auf ein "Wunder" oder auf einen Managementwechsel...... ;-) ......oder auf eine "Spaltung"...... wie auch immer, viel schlimmer geht´s (n)immer...... ;-)))
Poker revenues stagnate – Borgata and partner bwin.party continue to lead the way with 37% share of the market
Online poker revenues in New Jersey failed to grow during March while online casino increased by a fifth to a total of £5.2m, according to figures released by the state’s Division of Gaming Enforcement (DGE).
Overall GGR from online gambling grew 15% from £6.2m in February to £7.1m in March, with poker increasing just £59,816 to a total of £1.9m.
Along with its platform partner bwin.party, the Borgata continued to lead the way with a 37% share of the New Jersey market.
Revenues from its online casino reached £1.7m for the month, while its BorgataPoker.com and PartyPoker sites generated £960,000.
"Borgata has been New Jersey's land-based gaming leader for more than a decade, and is cementing its position as the state's online gaming leader as well,” said Boyd Gaming CEO Keith Smith.
Meanwhile Caesars Interactive, which operates the HarrahsCasino, CaesarsCasino and WSOP.com sites in New Jersey, remained in second place in terms of GGR as it attracted £900,000 from its poker business and £1.3m from its online casino business.
Tropicana saw a 41% increase in GGR month-on-month from £840,000 in February to £1m in March, the third month in a row that revenues have increased more than 40% despite not having launched its poker platform.
Der "Teufel" sollte DE nicht vergessen und die "Sportwetten" und nicht nur in der Alianz Arena Werbung machen (was an und für sich nicht schlech, nur halt alleine wenig....)
Vielleicht tut sich was in 2014-2015 in DE auch was......
Die Sportwette in Deutschland steckt fest. Eigentlich sollte der Glücksspieländerungsstaatsvertrag das Staatsmonopol aufbrechen und legale Angebote von Sportwettunternehmen ermöglichen. Doch seit zwei Jahren ist keine Lizenz vergeben worden, das Verfahren fällt von einer Peinlichkeit in die nächste. Die Rufe nach einer neuen Gesetzgebung werden immer lauter.
@ objektivler- I stimme dir zu, dass schlimmer geht /hoffentlich/ nicht... leider... Das gute ist, dass durch den Einstieg von Ader wird was passieren... und ich hoffe, das es wirklich stimmt, was der Kollege gaudi vermutet... namlich dass der Ader will die Firma "sanieren" und dann sein Anteil wieder verkaufen. In dem fall haben wie immer noch gute Chancen einen anstandigen Aktien Kurs zu erleben...vor allem dann, wenn die US Liberalisierung weiter gehen wird...in dem Fall ist ziemlich sicher, dass der Aktien Kurs steigern wird. Wennn der Firma nicht die gewunschte Besserung gelingen wird, dann vermute ich namlich, , dass ein Ubernahme Angebot kommen wird. Naturlich ware es mir lieber, wenn schon in dem 2.Q eine Verbesserung der Bilanzen kommen wird/ Fussball WM, etc.../ und wir als klein Aktionare beobachten konnten, dass die Zahlen der Poker Spieler wieder steigern werden... Leider klingt es in Momment fast schon "ironisch", weil in den letzten Wochen beobachte ich genau das Gegenteil...Aber - die Hoffnung stirbt am letzten und es kann schon in den nachsten Monaten viel passieren.
welche Bedeutung sehr ihr in dieser Newsmeldung? Scheint ja an der Börse ganz gut anzukommen...
SpringOwl Gibraltar announces that it has agreed in principle to acquire shares in bwin.party digital entertainment and the right to appoint a director
NEW YORK, Feb. 17, 2014 /PRNewswire/ -- SpringOwl Gibraltar Partners B Limited ("SpringOwl") announces that it has agreed in principle to acquire, in aggregate, 49,829,863 ordinary shares in bwin.party digital entertainment plc ("bwin"), representing approximately 6.1% of the ordinary share capital of bwin, from Emerald Bay Limited ("Emerald") and Stinson Ridge Limited ("Stinson"). Emerald and Stinson are companies connected with Ruth Parasol DeLeon and Russell DeLeon and certain trusts which they have established.
As part of the transaction SpringOwl will also be assigned the right to appoint one director to the bwin board as contemplated by the New Relationship Agreement entered into between Emerald, Stinson, bwin and others on 20 July 2010. Notice of the proposed transaction has been given to bwin by Stinson and Emerald Bay in accordance with the New Relationship Agreement and it is expected that the transaction will be completed within the next two weeks.
Following the transaction, SpringOwl may sell shares representing approximately 1% of the issued share capital of the Company.
SpringOwl is a Cayman company which is managed by Cumberland Associates LLC ("Cumberland"). Cumberland, an SEC registered investment advisor, is the investment manager for a number of fund vehicles. Cumberland typically adopts an active approach to its investments.
Chief Operating Officer / Chief Compliance Officer
SpringOwl Asset Management LLC
1370 Avenue of the Americas, 28th Fl.
New York, NY 10019
Senior Vice President
5W Public Relations
1166 6th Avenue
New York, NY 10036
Das sind keinesfalls Leute, die 6 % einer AG wegen ein paar good news kaufen (die gab's seit Jan '11 in Hülle und Fülle). Wenn der Adelsson dahinter steckt, dann werden diese Käufe (auch über andere Asset Managements) in den nächsten Tagen noch stark zunehmen, denn er müsste ja 25% bis zum 24 Feb. überschreiten, um Beschlüsse blockieren zu können; die Anmeldefrist für die HV läuft bekanntermaßen am 22.Februar ab. Ich bin nicht grundsätzlich pessimistisch, aber eine nachhaltige Wende bei Bwin bzw. dem Börsenkurs, die nicht auf zertifizierten, erstklassigen Vierteljahrs - Bilanzen beruht, ist absolut auszuschließen. Da steckt etwas anderes dahinter!
Ich vermute, dass die Nachricht uber Parasol's Verkaufe nicht der Grund sein konnen... und obwohl diese Analyse auch nicht der Grund sein wird ist trotzdem interessant zum lesen....es ist nicht aus meinem Kopf, aber ob alle Analysten so "dumm" sind, die behaupten, dass die Aktie ist viel mehr wert als bis jetzt der Kurs gezeigt hat frage ich mich zu bezweifeln? Auf alle Falle hat sich heute Fruh an der Boerse gezeigt, wie schnell kann es auch nach oben gehen... und dass obwohl auf den ersten Blick keine super News bekannt sind... ist nur der Beweiss, dass nicht hier von den kleinen Anlegern der Kurs beeinflusst sein kann, wie manche vor kurze Zeit behauptet haben. Wenn namlich der Kurs auf die Nachrichten von Forum reagieren wurde, dann sehen wir noch viel schlechtere Kursen...:)
nNumis Securities Ltd Reiterates Buy Rating for Bwin.Party Digital Entertainment (BPTY)
Posted by Alphonse Anthony on Feb 18th, 2014 // No Comments
Bwin.Party Digital Entertainment logoBwin.Party Digital Entertainment (LON:BPTY)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, Analyst RN reports. They currently have a GBX 200 ($3.35) price objective on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 76.99% from the stock’s previous close.
A number of other firms have also recently commented on BPTY. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Bwin.Party Digital Entertainment in a research note on Thursday, January 16th. They now have a GBX 170 ($2.85) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Bwin.Party Digital Entertainment in a research note on Friday, January 10th. They now have a GBX 145 ($2.43) price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Bwin.Party Digital Entertainment in a research note on Thursday, January 9th. They now have a GBX 130 ($2.18) price target on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Bwin.Party Digital Entertainment presently has a consensus rating of “Hold” and an average target price of GBX 155.25 ($2.60).
Shares of Bwin.Party Digital Entertainment (LON:BPTY) opened at 118.70 on Tuesday. Bwin.Party Digital Entertainment has a 52 week low of GBX 103.70 and a 52 week high of GBX 159.50. The stock’s 50-day moving average is GBX 115. and its 200-day moving average is GBX 121.5.
Nur zu den Analysten: Bis vor ca. 10 Jahren noch habe ich mich fast ausschließlich an dieser Branche orientiert, und bin gerade noch an einer veritablen Pleite vorbeigeschrammt. Erholung brachte mir aufmerksames Studieren von Wirtschaftsnachrichten, wobei die wichtigsten Dinge oft in eher unscheinbaren Randnotizen zu finden waren. Analysten haben die Interessen ihrer Häuser zu vertreten und sonst Nichts. Ebenso wie Journalisten ihre "Blattlinie" nur einmal verlassen, nämlich ihr persönlich letztes Mal. Das ist die Zeit in der wir leben.
Ich muss mich korrigieren, nach dem ich die Berichten genau gelesen habe, bin ich der Meinung, dass der heutige Antstieg warscheinlich mit dem Bericht uber "Parasol"s", b.w. uber den neuén Partner zu tun hat. So finde ich es moglich, dass die Aktie fur neue Investoren interessant sein konnto, naturlich, wenn die Zahlen in Zukunft auch stimmen werden.... Uber eine Vermutung, dass der Adelson "heimlich" kauft muss ich lachen....aber ehrlich gesagt, lieber wurde ich lachen, wenn der Kurs die 200 pencen Marke uberspringen wurde:)
Operator’s new social sports betting product in beta phase ahead of full-launch in coming weeks
Bwin.party’s social sports betting product Sportster has been beta launched on Facebook this morning ahead of a full-scale launch in the coming weeks.
A holding page for the product appeared last month inviting users to register for the beta testing phase, with the product having been in development since early last year.
The game, developed as part of a collaboration with Ukrainian social gaming studio Nordeus, allows players to bet on both real and virtual football matches involving leading European football teams in order to collect ‘cash winnings’ and tokens.
Users stake a virtual currency on a variety of markets, while tokens are collected after passing certain milestones and used to gain extra currency and to purchase ‘wildcards’ that are used to provide in-bet cash-out bonuses.
Invitations to join the game can be sent to Facebook friends or through the Sportster app before sending gifts to one another, which comprise various amounts of in-game currency.
The social features extend to a game mode called ‘Bet Race’ which puts five users against each other over 11 rounds of betting, with the aim to accumulate as many points as possible by placing successful bets. Prizes are awarded based on a player’s final standings and if they accumulate specific points totals.
Players can also choose to purchase extra tokens via the marketplace, which accepts payment by major credit or debit cards as well as by PayPal and by mobile through a direct carrier billing service.
Bwin.party has high hopes for its social gaming division having backed it as an important source of revenue in the future. The operator has also highlighted its potential to provide growth for its real-money sportsbook after Q3 revenues from the vertical fell 10% year-on-year.
Die von Objektivler gepostete Nachricht, die mögliche Legalisierung und Öffnung in Californien, und der Ganze Umfeld deuten darauf hin, dass Bwin in 2 - 3 Jahren tolle Dimensionen erreichen wird. Stay Tuned. Ich glaube, jetzt sollte man wirklich einsteigen :-)
Am 26.02.2014 ist eine ausserordentliche GV einberufen worden. Die Jahreszahlen 2013 kommen am 14.03.2014. Weisst jemand warum eine ausserordentliche GV einberufen wurde? War es wegen der Umschichtung der Aktienpakete? Oder ist jergendwas mit dem Eigenkapital?
die zusage eines Direktorpostens für Spring Owl war nachzulesen, aber sicher nicht für 6%. Da müssen die schon noch nachlegen. Außerdem gibt's schon mal Direktoren ohne Portfolio, was aber gegenständlich keinen Sinn ergäbe, außer natürlich dem Teufelberger auf die Finger zu schauen, dass er nicht beim kleinsten Mailüfterl gleich wieder mit wilden Rösselsprüngen für Überraschungen sorgt.
Die Beitrage von objektivler und flysky machen Freude. Ich wurde aber sagen, dass in Momment gibt es fur Bwin noch sehr viel zu tun, dass sie die Bilanzen in die richtige Richtung lenken konnen. Darum ist auch der Aktien Kurs noch sehr niedirg, obwohl der Anstieg in den letzten Tagen tut allen Aktionaren gut. Es ist wie immer. Wenn jemand jetzt noch kauft, und die Entwicklung wird positiv, kann naturlich viel Geld gewinnen. Andereseit gibt es in Momment immer noch viel Risiko. Nur ist es klar, dass wenn die weiteren US Staaten offnen, wird das Risiko sinken, aber der Kurs wird in dem Fall auch ganz anders. Es muss JEDER fur sich entscheiden, ob er riskieren will und wenn ja, dann wieviel. Meine Absicht ist keinenfalls jemandem hier die Aktien zum kaufen emphelen. Nach dem was ich in den letzten Monaten hier alles gelesen habe, bin ich der Meinung, dass die meisten hier sowieso keine Freude emphinden, wenn die Aktien steigen...
Good News und Kursstürze haben sich zu oft in den letzten 2 Jahren die Hand gereicht; das festzuhalten sind Sachverhaltsfeststellungen und keineswegs Schlechtrednerei. Es geht letztlich nur ums Geld und da sind eben viele Investoren mit Gewicht zu Recht vorsichtig geworden bei Bwin-Party. Wenn's heute allerdings Gewinnmitnahmen gibt, so sagt das Nichts aus, das ist oft reine Freitagsroutine; der positive Trend könnte sich nächste Woche fortsetzten. Ein Charttechniker verriet mir, dass die - Trendwende noch oben - charttechnisch - allerdings erst Ende April zu erwarten sei. Nur: Von der Charttechnik halte ich gerade einmal soviel wie vom Kaffeesudlesen. Schönes Wochenende allemal.....!
@Gaudi: ich halte von Charttechnik genauso wenig, und bei Bwin gar nichts, dafür kenne ich diese Aktie "sehr gut". Nichtdestotrotz braucht man keinen Kaffeesudleser um festzustellen, dass heute erst Donnerstag ist. Gewinnmitnahmen halte ich auch für normal: wer bei 110 eingestiegen ist hat 10% in der Tasche. Ich bleibe drinn bis 300p, :-)
flysky - die Nachricht habe ich schon vor ein paar Tagen gelesen. Es stimmt, dass es sich um keine gute Nachricht handelt, aber es ist auch keine Tragische. Das der Adelson seine Anhanger hat war zu erwarten, aber viel wichtige ist, ob er die ganze Entwicklung auf der hochste Ebene stoppen wird.... und das glaube ich NICHT. Die Reaktion auf die Gouvernerš Entscheidung in Luisianna finde auch nicht schlecht...:)
Cashier, würde normalerweise auch so handeln, und grundsätzlich, ist die Idee, morgen bei 124,9 zu verkaufen, in Ordnung. Nur, ich wage 2 Tipps, mal sehen ob ich richtig tippe:
1. morgen wird der Kurs leicht fallen, so dass es gar nicht auf 124,9p raufgeht, nicht mal kurz intraday.
2. der Kurs wird ab Dienstag wieder Richtung Norden gehen, wird sich aber dann längere Zeit bei 130p einbetten. Ich wage zu bezweifeln, dass es wieder nach Süden geht, sodass sich ein Verkauf und Wiedereinstieg auch kostentechnisch rentiert. Ich schätze den derzeitigen Umfeld als vielversprächend,
Ich habe mich sehr sehr oft geirrt, mal sehen ob ich diesmal richtig schätze ;-).
Egoistischerweise, da ich drinn bleibe, wünsche ich dir keine Einstiegskurse zw. 110 und 115 p. Wirst ja wohl dafür Verständnis haben :-).
uber Kurzfristige Kursanderungen will ich nicht spekulieren, weil ich leider keine Hellseherischen Fachichgkeiten besitze:)
Aber ich erlaube mir eine Bemerkung. Ich habe mir die Kurs- Entwicklung bei einigen Konkurrenzfirmen aus der Branche angeschaut. Manche Aktien vhaben in den letzten 2 - 3 Jahren mehrere Hundert percent Gewinn gemacht! Angesichts dieser Tatsache vermute ich, dass bei Bwin.party wird sich bald was andern... Damit meine ich folgendes: 1/ entweder schafft es die Firma aus eigene Kraft so wirstschaften dass die Zahlen wieder Freude machen werden und dann traue ich mir zu schreiben, dass wir auch eine sehr gute Aktienentwicklung erleben konnen, oder es passiert das, dass die Bilanzen weiter nicht viel Grund zum Freude bringen, aber dann vermute ich, dass es nicht all zu lange dauern wird, bis in so einem Fall die Firma jemand kauft, der es besser machen kann. Auch in dem zweiten Fall wurde ich sagen, dass der Aktien Kurs sollte nicht so schlecht sein, dass ich daruber traurig sein musste. Naturlich ware es mir der ersten Fall aber lieber:)
flysky- danke fur deinen Beitrag, ich war zwar uber diese Information informiert, aber ich habe nicht genau gewusst, welche Staaten sind dagegen und welche dafur.
Ich finde es super, dass in solchen Staaten wie in Callifornia oder sogar in New York der Adelson nicht die Stimme bekommen hat. Meiner Meinung nach ware es schon genugen, dass noch 1-2 wichtgen Staaten in absehbare Zeit Online Poker offiziel erlauben und die ganze Situation wurde um viel besser aussehen...und die Aktien Kursen auch...:)
Hei Cashier, dein Verkaufsorder hat heute den Londoner Kurs Gott sei Dank nicht negativ beeinflusst ;-), Aber ich freue mich auf deinen "BESTENS" - Kauforder bei 165p über 6,5 Mio Stücke. Vergiss nicht auf die AD-Hoc Pflicht, gel?
SK heute 124,1 pence (leichtes Plus) Umsatz über 2 Mio. Stk.
Meine VK-Order ist sich heute zum Großteil (30 k) auf Tageshöchst bei 125,25 abgerechnet worden. Der Rest (20 k) um 124,90. Genaueres erfahre ich erst.
Ob diese Entscheidung richtig war, wissen wir erst später.
Da ich aber schon zwei Mal den Verkauf zwischen 125 und 130 pence ganz knapp versäumt habe und der Kurs dann auf die 110 pence zurück ging, wollte ich mein Ding diesmal unbedingt durchziehen. Nach Spesen werden es ca. 12 pence Gewinn pro share sein.
To fly sky:
Wenn Bwin auf 160 steigt freue ich mich für Euch ganz ehrlich mit und würde mir natürlich in den Allerwertesten beißen.
Dann stehe ich aber nicht an, Euch für die richtige Strategie zu gratulieren.
Sollte es aber wirklich nochmals auf 110 pence gehen, werdet ihr mir wahrscheinlich auch zu meiner "guten Nase" gratulieren.
Durch meinen Aus- bzw. Wiedereinstieg ändert sich ja für Euren Kurs nichts. Ich habe ja durch meinen Ausstieg heute dem Kurs nicht geschadet. Bin ich froh. :-))
Ich wünsche Euch weiter steigende Bwin-Kurse, weil ich genügend andere Sondersituationen derzeit in Wien und Zürich vorfinde.
online-gambling casino computer generic 2123Online gaming is a $35 billion global industry, and Bermuda already has the infrastructure to be player, Shadow Finance Minister David Burt said in the Opposition’s Reply to the Budget in the House of Assembly on Friday [Feb 28].
Mr. Burt said, “It is imperative that we implement additional aspects of gaming besides casinos.
“Last year, online gaming provided over $80 million in tax revenues and directly supported 2,600 jobs in our sister overseas territory of Gibraltar.
“Online gaming is a $35 billion global industry, and Bermuda already has the infrastructure to be player.
“Just as other countries are trying to gain a foothold in some of our industries it is time for Bermuda to do the same.
“For the sake of the jobs it can create and the tax income that can be generated, we urge Government to move forward with creating an online-gaming industry in Bermuda,” added Mr. Burt.
A 2010 report [PDF] from the KPMG International Cooperative, a Swiss entity, said: “The online gaming market represents one of the fastest growing segments of the gambling industry.
The KPMG report said the online gaming market is composed of a number of different types of games including sports betting, online poker, casino games, online bingo and online lottery.
According to the Wall Street Journal, only New Jersey, Nevada and Delaware allow online gambling in the United States, and global online-gambling revenue, driven by betting in Europe, last year reached an estimated $35.4 billion, or more than five times the gambling revenue of the Las Vegas Strip.
New Jersey recently started allowing online gambling, and according to their records [PDF] revenue totaled $8.4 million for the five weeks since its launch in November 2013, which Bloomberg said added $1.2 million to the state’s coffers.
New Jersey Governor Chris Christie has been criticized for overestimating the amount the state would bring in during the first year of online gaming, having anticipated a $200 million increase in tax revenue, almost all of it from the legalization of internet betting that began in November.
N.J. State Treasurer Andrew Sidamon-Eristoff conceded that was far too high, and now expects a $34 million rise in casino tax revenue for the fiscal year that ends June 30.
Bermuda has been moving towards less restrictive laws as far as ‘brick and mortar’ casinos, with a new allowing cruise ships to keep their casinos open at night while docked in Bermuda passed late last year, and the matter of amending the law to allow casinos expected to be decided by a vote in Parliament.
In their reply to the budget, the Opposition also suggested looking at regulating and taxing cannabis to increase government revenue.
StanJames2 Sign Up
Sheldon Adelson has raised the ire of the poker community with his Coalition to Stop Internet Gambling, but indications are that he is also not very well-liked among his own employees.
The Las Vegas Sands CEO has apparently made some enemies of workers at his Sands Casino Resort in Bethlehem, Pennsylvania, who blame the casino mogul for causing their social security numbers to be made public. The information was leaked by hackers last month, who allegedly were perturbed at Adelson for comments he made encouraging the U.S. to use nuclear warheads against Iran in an effort to protect Israel.
Several Bethlehem Sands casino employees anonymously voiced their displeasure over their boss' actions to Gambling911, one saying that the elderly billionaire "should just shut up" with regard to politics and keep his focus on his gambling businesses. Another revealed that the security breach has left him "terrified" that his identity may now possibly be stolen.
In addition to employees being affected by the security breach, The Morning Call reported that some 40,000 customers also had their passport, driver's license and social security numbers posted online. Those casino patrons will be notified shortly and allowed to participate in credit monitoring in order to stave off any possible identity theft.
More than 8 million people enter the Pennsylvania casino complex annually and a spokesman attempted to downplay the damage by stating that only "a very small percentage" of patrons had their personal information compromised. The casino is now busily "working to ensure that the identified customers [and employees] are protected."
That was little consolation to one employee, who sarcastically said that "a lot of good that does you after the fact."
In addition to spouting his views on global affairs, Adelson has declared war on the online gambling industry in the U.S. His coalition is attempting to stop the expansion of online poker and gambling and the 80-year-old has vowed to throw as much money at the effort as is needed in order to accomplish his goal.
In der Einladung zur HV ist der Beschluß eines langfristigen Incentivplans für die Geschäftsführung Agenda. Der Alte läuft im März aus. Würde man verkaufen wollen, bräuchte man sicher keinen neuen Plan.
@Gaudi: Stimmt nicht ganz. Kann auch eine Absicherung für zukünftiges Vorhaben sein. Muss ja net sein, dass die gesamte Geschäftsführung bei einem möglichen Verkauf geht, od. ausgetauscht wird. Aber deutet natürlich auf ein Aufbau der Firma. Hoffe nur, der Incentivesplan ist an bestimmte Umsatzhöhen gebunden.
Two California Online Poker Bills Introduced at Legislative Deadline
By Chris Grove on February 21, 2014 17:49 PST@OPreport
Field in California
On the day of the session deadline for the introduction of bills, two efforts to regulate online poker in California surfaced from the legislature.
The first is effectively a re-introduction of SB 678, which was backed by the San Manuel Band of Mission Indians. The bill number is listed as SB 1366. No sponsor is identified on the bill but I assume it’s State Sen. Lou Correa (D-34), who authored SB 678.
Read the full text of SB 1366 here. Best I can tell on a quick read, it’s a dead copy of SB 678.
The second is AB 2291, introduced by Assemblyman Reggie Jones-Sawyer (D-59).
Read the full text of AB 2291 here.
AB 2291 is supported by a wide-ranging consortium of tribes, including the Agua Caliente Band of Cahuilla Indians, the Pechanga Band of Luiseño Indians, Yocha Dehe Wintun Nation, the Lytton Band of Pomo Indians, the Paskenta Band of Nomlaki Indians, the Viejas Band of Kumeyaay Indians, the Barona Band of Mission Indians and the Sycuan Band of Kumeyaay Indians.
There’s quite a bit to get through, so for now I’ll post quick summaries from the bills and save the in-depth read for later this weekend.
Summary of AB 2291
In a letter circulated to tribal leaders, the groups supporting AB 2291 described their new bill as such:
While most of the language of the bill is similar to what we circulated almost a year ago, this version intentionally leaves open controversial sections, like the so-called bad actor provisions and the number of sites per license. We did so as a demonstration of our commitment to continuing our good-faith efforts to reach tribal consensus through dialogue.
The bill is poker-only. Tribes and card rooms can receive licenses.
Per the summary, the bill:
•Establishes a framework to authorize intrastate online poker.
•Allows for 10-year, non-transferable licenses.
•Disallows businesses from setting up what amount to online poker cafes.
•Calls for full regulations within 270 days of passage.
•Calls for unspecified regulatory fees.
•Calls for a $5mm license fee.
•Establishes the Unlawful Gambling Enforcement Fund to provide funding to shut down non-compliant entities.
• Prohibits “the state from affirmatively electing to be subject to a
federal Internet gambling law, as specified, and would require the state to opt out of,
or would prohibit the state from opting into, any federal Internet gambling scheme.”
•Is an urgency statute.
Read the full text of AB 2291 here.
Summary of SB 1366
As noted above, this bill is a reintroduction of an existing bill.
You can read a thorough summary of that bill at QuadJacks.
Chris Grove - Chris is the co-founder and an editor of OnlinePokerReport.com. He's written for dozens of gambling publications and has been involved with various aspects of the online poker industry since 2004.
Market leader is first to offer native app for Android devices.
PartyPoker’s New Jersey online poker room has expanded its mobile offerings with a native Android app.
By Nick Jones
February 21, 2014
PartyPoker’s New Jersey online poker room has expanded its mobile offerings with a native Android app.
Players with Android devices are instructed to go the nj.partypoker.com website, where they will be prompted to download the native app to their mobile.
All the major players in the New Jersey market have iOS apps in the official app store, but partypoker NJ is the first to offer it on Android.
Due to restrictions on all real money gambling games imposed by Google, the app is not accessible through the official Play Store. But users are free to download and install the software via direct download.
Party’s counterpart on the same network, Borgata Poker, which shares the same player pool and software but runs different promotions and VIP schemes, has yet to offer an Android app, although it is likely not far behind.
The app from Party is the same as the one offered on its primary dot-com poker room, with minor aesthetic changes.
Its competitors are likely not far behind either. Both WSOP NJ and 888 New Jersey use the software from 888 Holdings, which offers Android apps in other markets.
John Mehaffey Feb.21, 2014 11:34:AM
Online Poker Testing
It looks like we may be headed towards another attempt at a federal online gaming bill that would give online poker an exemption while banning games banked by casinos. This could be a replay of 2012 when Senate Majority Leader Harry Reid teamed up with Arizona Senator Jon Kyl. That bill, referred to as Reid/Kyl by the poker community, failed to receive any debate and died in a lame duck session due to a lack of interest. Hopefully that was a learning experience for supporters.
Industry Different Today than in 2012
Reid/Kyl was proposed at a time when Nevada’s sports betting apps and websites were the only form of regulated online gaming in the country. Nevada had just started the process of licensing online poker companies. Delaware lawmakers had approved online gaming through its state lottery. New Jersey was still debating the issue in the legislature.
The situation is much different now. All three of these states are live with their regulated products and more states are expected to consider similar legislation this year.
Lessons Learned from Reid/Kyl
Reid/Kyl was never seriously considered by Congress. It found opposition on all sides. Gaming interests did not like the banning of casino games. Governors and lotteries did not want their right to offer house games taken away. The opposition considered Reid/Kyl to be an expansion of gambling.
This left few supporters beyond online poker players. That must change this time around for a poker only proposal to have even the slightest chance.
Education is Key
There is a major misconception about the Interstate Wire Act interpretation. This law clearly covers only sports betting and even then only when the action crosses state lines. The reversal as it is called was simply acknowledging this. The law did not change and there was no need to consult Congress as suggested by some online gambling opponents. This message must be understood by Congress and the misinformation provided by overzealous anti-gambling lobbies must be confronted.
Once the Wire Act has been understood by lawmakers, it is time to consider the conservatives. They are the key to passing any federal gaming bill. Some conservative groups put out misleading information about Reid/Kyl.
Conservatives must understand that there is no federal law preventing any state from offering online slots, video poker or table games. A poker only bill is a compromise that gives opponents the feeling of victory by outlawing the most dangerous forms of gambling in their eyes. Conservative lawmakers could declare a poker only bill as anti-gambling legislation to constituents.
States would still have to opt into poker. Nothing would be forced.
Governors and lotteries will likely object to the potential loss of casino game revenue. The key here is to follow the same pattern used by the Professional and Amateur Sports Protection Act (PASPA). This law banned sports betting in 46 states that did not already have any forms of betting in the previous 10 years. It provided a one year window for states with established gaming experience to legalize sports betting. This part of PASPA was tailored for New Jersey. It failed to legalize sports action and is now hoping the Supreme Court will throw out the entire law. If PASPA is found to be unconstitutional, it could also apply to any attempt to ban online casino games at a federal level.
PASPA did not give states enough time. Some legislatures only meet every two years. Others may need more than one session to debate the topic if there is pressing legislation that must be addressed. A good compromise here would be to allow states three or four years to pass their own laws that would then be grandfathered. Another option would be to limit the number of years that the law remains in effect, requiring Congress to revisit the casino game ban down the road or risk it expiring.
Mandate U.S. Jobs
One disappointment in regulated online poker has been the number of U.S.-based jobs created. Some sites have chosen to outsource support or other services to other countries. That must change if a federal bill is to be considered. Terms must be added that address how jobs will be created within the U.S. This may be done through tax incentives or regulatory framework.
Keep Taxes at State Level
The feds have no reason to require a tax on regulated gaming. The IRS will get its share in the end. The hundreds of millions of dollars in revenue will create jobs and corporate profits. Both of these will generate federal income taxes. Each state should be allowed to control taxes, licensing and liquidity sharing agreements without any interference from the federal government.
Chances of Passage Slim
No matter how hard the online poker industry tries, it will still be a massive challenge to get a poker only bill passed at a federal level. Too many people outside of the industry will put poker in the same category as slot machines. Any bill that restricts casino games is likely to find opposition among the gaming industry. At this point, it appears the window for any federal legislation has already passed.
Pennsylvania lawmakers will consider a budget proposal that would draw money from new forms of gambling, despite less tax money from casinos for the first time last year.
Gov. Tom Corbett's $29.4 billion spending plan for 2014-15 relies on money from tavern gaming that lawmakers approved last year, from keno that is not yet legal in Pennsylvania, and a bigger take from the state's 12 casinos, six horse-racing tracks and the lottery.
Corbett is wagering on gambling money and other revenue streams to avoid raising taxes, said spokesman Jay Pagni.
“A number of states are looking for ways to generate revenues without going back to hard-working families through tax increases,” Pagni said.
Yet gaming industry experts say competition from gambling outlets in other states might mean little gain from new and existing types of gambling.
“There aren't new gamblers showing up every day on our doorstep,” said Sean Sullivan, vice president and general manager at The Meadows Racetrack & Casino in North Strabane. “It's not creating a new experience. It's just going after the same customer.”
In 2007, Pennsylvania's first full year in the casino business, gross revenue for slot machine play reached $1.04 billion. The state received 55 percent through its tax. Casinos added table games in July 2010, taxed at 14 percent. The state has collected more than $8 billion since the first casino opened.
Tax collections from horse racing and table games grew from 2011 to 2012 and are projected to do so this fiscal year. But their combined take — $103.1 million — is much less than the $1.3 billion that slots generated last fiscal year. That amount was down from $1.35 billion in 2011-12, and slots play continues to drop, monthly reports show.
New casinos in Ohio, particularly one in Cleveland, have drawn customers from Pennsylvania, and seven casinos that will open in New York are expected to do the same, said Doug Harbach, spokesman for the Pennsylvania Gaming Control Board. The growth of Maryland Live could affect some Pennsylvania casinos, he said.
Sullivan said lawmakers should be cautious about expanding gambling, “to make sure you don't kill the golden goose. The money the casinos give the state of Pennsylvania will never be matched by these other forms of gambling.”
Gross revenue at The Meadows fell more than 2 percent, from $287.1 million to $280.7 million, in fiscal 2012-13 from the year before, records show. This fiscal year, which ends on June 30, gross revenue at the casino is down nearly 10 percent through January, compared with last year.
At Rivers Casino on Pittsburgh's North Shore, gross revenue increased slightly in 2013, to $352 million from $351.8 million in 2012.
“While it was small, it was growth,” General Manager Craig Clark said.
Expansion into tavern games, keno and other forms of gambling is inevitable, Clark said. “It's when they are implemented, not if.”
Corbett's budget includes $20 million from keno, a fast-paced video terminal game, and growth in the Pennsylvania Lottery from an estimated $1.8 billion to $1.93 billion.
Since its establishment in 1971, the lottery has raised about $24 billion for senior programs and services.
The Ohio Lottery introduced keno in 2008, and revenue from the game eclipsed $250 million by 2013, officials in that state reported.
Corbett included $102 million from tavern gaming such as raffles, pull-tab games and daily drawings. Lawmakers estimate such gaming could eventually produce $160 million a year in licensing fees and a 60 percent tax.
The budget includes a boost in horse-racing tax money from an estimated $19.4 million this fiscal year to $20.4 million, and a bump in table game tax revenue from $92 million to $94.7 million.
“This is no small chunk of change,” Pagni said, though he noted the administration suggested other means of raising money.
Online gambling ahead
Even with competition from nearby states, Pennsylvania ranks behind only Nevada in gaming revenue, Harbach noted, and remains the state with the highest tax on casinos. Nevada taxes casino games at 7.75 percent.
Pennsylvania uses the money for property tax relief, local and county government shares, a development and tourism fund, and to subsidize the horse-racing industry. The state's 2004 gambling law allowed 14 casinos; two are pending, in Lawrence County and Philadelphia.
Keno and tavern games could produce new gamblers because “this is a different group of people who play these games,” though there would be some overlap with casino players, said Paul Girvan, managing director of The Innovation Group, a New Orleans-based gambling, hotel and leisure consulting firm.
Internet gambling — which is legal in New Jersey, Nevada and Delaware — could offset declines in casino revenue, he said, as long as officials do not “over-project revenue from that industry.” New Jersey likely will reap as much as $200 million this year from online gambling, and $300 million to $400 million annually in a few years, Girvan said.
Online gambling probably will be proposed at some point, said Senate Majority Leader Dominic Pileggi, a Delaware County Republican.
“Not only in Pennsylvania but in much of the nation, whatever reluctance there was to legalize gambling has fallen by the wayside,” he said.
But he questioned what the state would gain from “dividing the same gambling dollar.”
Some states are challenging federal restrictions on sports betting, said Mark Nichols, an economics professor at the University of Nevada in Reno.
“The question would be: Do big sports states like Pennsylvania want to get into that?” he said.
Over 80% Of Pennsylvanians Reject Proposal to Criminalize Online Poker Play
By Chris Grove on February 24, 2014 09:01 PST@OPreport
Pennsylvania State Rep. Mario Scavello recently announced plans to criminalize the act of playing online poker and casino games.
His proposal immediately drew the support of the Sheldon Adelson-backed Coalition to Stop Internet Gambling (CSIG).
But, according to polling conducted, by OnlinePokerReport, Scavello’s bill contradicts the will of an overwhelming majority of Pennsylvania voters.
Over 80% of state opposes Scavello’s attempt to criminalize online poker
We asked 500 individuals located in Pennsylvania the following question:
PA State Rep. Mario Scavello wants to make playing online poker a crime punishable by jail time. Do you support or oppose his position?
The vast majority - 82.2% - said that they opposed Scavello’s proposal to make playing online poker or casino games a crime in Pennsylvania.
That left only 17.8% of respondents supporting Scavello’s attempt to slap a misdemeanor charge carrying a fine – and potential jail time – on individuals who play at poker sites or casinos over the Internet.
PA online poker poll
Scavello’s bill, which is currently a placeholder, would see Pennsylvania join Washington State as the only states with explicit criminal penalties for playing online poker.
To what end is unclear; to the best of my knowledge, no one has ever been charged under Washington State law for playing poker online.
Pennsylvania lawmakers are currently considering regulating some forms of online gambling. Scavello’s bill would presumably only apply to play on unregulated sites.
Polling conducted via Google Consumer Surveys. Read more about the validity of GCS polling below.
Rejection consistent across age, gender and income level
The negative reaction to Scavello’s proposal was not limited to any one demographic group:
•Men and women rejected his proposal with equal frequency.
•A majority of respondents from all population densities (urban, suburban, rural) rejected the proposal.
•Pennsylvanians of all age groups opposed Scavello’s plan by a massive majority. The two groups that expressed the greatest opposition were 18-24 year olds (91%) and 55-64 year olds (88%).
•The same trend held when you divide respondents by income bracket.
View the complete data set of the survey here (csv file).
More about Google Consumer Surveys
Google Consumer Surveys have been praised as a valid, accurate tool for sampling public opinion by everyone from Nate Silver to Pew Research.
BE hat mein Kommentar in Bezug auf die Herabsetzung der Steuereinnahmenvorausschau (Tax Revenues Vorecast) des NJ Governeur nicht gepostet
However: von 160 mio S auf 34 Mio S. Hatte ich ja bereits gepostet, dieses Jahr wir nicht viel harausspringen. Es müssen schnenn weitere Staaten dazukommen....und das Problem ist leider auch die Rentabilität. In vielen Ländern zahlt sich ja gar nicht aus, wegen der hohen Steuern. Und viel Konkurrenz ist auch ein Thema. Aber California würde z.B. Pokerstars nicht aufnehmen, und das ist super.
Ich hab's schon vor Monaten einmal in einem Beitrag festgehalten: Wenn ein ganz grosser BWP kauft, dann kann er, wenn er will,die Kleinanleger zu einem Mittelkurs aus den letzten Monaten plus ev. ein paar Zerquetschten, ganz legal rausschmeissen. Das ist ein übliche Vorgangsweise, squeeze out genannt; das wollen wir uns doch zum jetzigem Zeitpunkt lieber nicht wünschen, wo sich der Firmenwert innerhalb ein paar Monaten bei günstigem Wind verzehnfachen kann!
sk anyone in Silicon Valley to describe the “gaming industry,” and she’ll tell you about Call of Duty or Candy Crush Saga. Ask someone in Nevada or New Jersey, and you’ll get a very different response. Pretty soon, though, there will be no distinction between these two types of “gaming.”
True to the name of this column, I’m going to place a wager. I predict that gambling will be broadly legal in the United States by the end of this decade. It will start with online poker, which is currently legal only in Nevada, New Jersey, and Delaware. But it will expand from there, both in categories of games and in geographic acceptance. This is already happening, to a certain extent: The wheel’s started spinning, and the ball is in play. When it drops, the video gaming business will win big. The makers of today’s mobile games will build tomorrow’s mobile casinos.
They’ve tried before. Zynga, the granddaddy of social gaming, launched a real-money gambling site in the U.K. last year, calling it Zynga Plus Casino. It collaborated with bwin.party, a Gibraltar-based gambling company that reported nearly 770 million euros in revenues in 2012. (That’s about $1.05 billion in current dollars.) But Zynga has had a tougher time gaining headway in the U.S. Entrenched anti-gambling statutes and complicated interstate regulations are difficult hurdles to clear. Barely a few months after it had opened its casino for business in the U.K., Zynga told analysts that it had given up on plans to let Americans in the door.
Meanwhile, some gambling-friendly states are experimenting with interstate online poker.
The biggest roadblock facing Zynga, and anyone else, is the Unlawful Internet Gambling Enforcement Act of 2006. Originally drafted as a last-minute rider on a port security bill, the UIGEA has been used to prohibit companies from offering Internet-based poker, sports books, and games of chance to Americans. Its passing put an end to a decade-long gold rush in online gambling in the U.S., led by sites such as Bodog, PokerStars, and Full Tilt Poker. A series of indictments, issued most notably in United States v. Scheinberg, showed that federal authorities were willing to prosecute broadly and aggressively on behalf of the UIGEA. In Scheinberg, U.S. Attorney Preet Bharara alleged that the founders of PokerStars, Full Tilt Poker, and Cereus (Absolute Poker) were guilty of bank fraud and money laundering as a result of transferring funds to and from players online. PokerStars and two other defendants agreed to forfeit over $731 million to settle the case, and PokerStars was permitted to continue business operations.*
Money laundering and bank fraud might seem like unusual charges to levy against online casinos. But the UIGEA focuses primarily on the financial transactions enabling gambling; it focuses to a much lesser degree on the gambling itself. Specifically, the UIGEA “prohibits gambling businesses from knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law.”
By attacking a specific aspect of gambling—namely, the transmission of funds—the UIGEA appears to cut off online gambling at the ankles. If no financial company is willing to handle transfers, then online casinos won’t take on American customers.
The law’s specificity, however, leaves wiggle room at its margins. For one thing, the UIGEA does not seem to apply within the boundaries of states that have already legalized various forms of gambling, or that may do so in the future. But logistical troubles remain: Any businesses running legal online casinos or poker tables must operate entirely within a given state. The UIGEA seems to prohibit the transfer of funds for the purposes of gambling across state lines.
flysky - Auf die Frage was noch drinn ist wurde ich so antworten.... hofentlich noch viel:)
Aber jetzt ernst: wie sich der Kurs in der nachste Zeit entwicklen wird kann ich nicht abschatzten. Die Aktie wird auch von den Bwin Bilanzen abhangigt. Und da habe ich mein Bedenken... auf einer Seite erwarte ich in Sport Bereich wesentlich bessere Zahlen / auf Grund den vielen Fussball Uberraschungen in Januar und Februar/, auf der anderen Seite vermute ich, dass die Poker Zahlen/ ohne USA/ nicht besser werden , oder wenn ja, dann nur unwesentlich.
Darum glaube ich, dass eine positive Entwicklung der Firma und gleichzeitig des Aktien Kursen NUR mit USA moglich ist. Ich gehe nach wie vor davon aus, dass die Online Poker Liberalisierung weiter gehen wird, aber ích vermute, dass auch in California wird es noch etwas dauert.... darum erwarte ich fur die nachste Zukunft keine weitere Kurs Steigerung, ausser es passiert etwas sehr gutes...Es ist nur meine Meinung und wie ich schon sagte, ein Hellseher bin ich nicht...
It’s no secret the Internet has changed the way we do many things and those shifts have rippled through several business models forcing companies to adapt or be left behind. Some of the more common examples include:
•Apple’s iTunes and downloadable music has had a widespread impact on the music industry changing it from one focused on albums and CDs to downloadable singles for $0.99 apiece. The same can be said of Amazon.com ability to have books, CDs and other items shipped to you rather than going to what used to be Sam Goody, Tower Records, or a Borders bookstore;
•Netflix and other video streaming services that have out mom and pop video rental stores as well as one time high flier Blockbuster Video out of business;
•Online brokerage services, such as TD Ameritrade Holding, Charles Schwab and others that have reshaped how investors buy and sell stocks;
•Orbitz Worldwide, Priceline.com, Expedia, Tripadvisor (TRIP) and other online travel sites have pulverized the travel agent business;
•How we store digital photos and get them printed has given rise to companies like Shutterfly and Shutterstock, while leaving one time photo company Eastman Kodak (KODK) on the brink;
•Even communicating via e-mail, text message and other message apps offered by Facebook, Google, Apple, Yahoo, AOL and others has taken its toll on the US Postal Service.
As technology marches on, the scope of industries affected by the Internet continues to expand. Last week, online learning company 2U, Inc filed for an IPO of up to $100 million. The Landover, Maryland-based company provides cloud-based online learning platforms that help nonprofit colleges and universities in student enrollment, education, support and other services. Another example is how the pharmaceutical industry is embracing the Internet and Cloud computing to streamline R&D budgets while facing a high proportion of patent expirations between 2011 and 2014. That’s shift has been good for companies like Medidata Solutions.
There are several industries that have only just starting embracing the Internet, and one of them is the gambling and casino industry. On a global basis, online gaming or iGaming as it has been called has grown into a multi-billion dollar business, particularly in Europe. In the past online gaming used to mainly attract younger men, but that demographic group has expanded to include both women and older age groups. Since 2004, women’s share of Internet users between the ages of 16 and 74 in Europe has increased by more than 80%, while the same age group for men has seen an increase of 60%.
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There have been fits and starts with online gaming here in the US in the past. After an initial surge Congress stepped in with new laws aimed at stopping online gaming. However, states have recently begun legalizing intrastate online gambling — Nevada, New Jersey and Delaware launched in 2013 and the states in which legalization legislation has been introduced continues to grow — California, Colorado, Hawaii, Illinois, Iowa, Louisiana, Massachusetts, Mississippi, and Pennsylvania.
How big can online gaming be? Well, in New Jersey, online gaming began on November 26 and generated $8.3 million by year’s end. GamblingData predicts New Jersey’s online gambling market will generate $262 million in gross gambling revenue this year and $463 million by 2017. Third party forecasters tout that the US. is poised to earn gross winnings of over $7.4 billion by 2017, representing around 30% of the global online gaming market. Imagine the incremental benefit to be had in New Jersey and others states when it comes to tax revenues.
Not everyone is happy about this progress. Some established businesses being hit by the disruptive Internet are looking to Congress to put the Internet genie back into the bottle. A well-funded campaign has been initiated to stop the growth, legalization and online competition for established brick-and-mortar gaming companies in its tracks. A group funded by a billionaire Vegas casino owner called the Coalition to Stop Internet Gambling, is hiring lobbyists and consultants to pressure Congress to outlaw competition from the Internet.
Former New York Governor George Pataki who now serves as the co-chair of the Coalition to Stop Internet Gambling, is attempting to paint a scary picture when it comes to Internet gaming instead of focusing on the potential benefits of jobs and tax revenue to be had while technology addresses consumer and business concerns. Keep in mind this is far different than the view the former governor expressed in late 1996 when he supported legalizing casino gambling in the state of New York. As Pataki said at the time “We have to be in a position where the state has the ability to have more control and possibility of getting revenue — property taxes, sales taxes, income taxes — from this industry.”
Given the fiscal status of many states and municipalities, one has to wonder why Pataki would want to keep the gaming industry confined to whips and buggies rather than implement business forward regulations to minimize the risks while maximizing jobs and taxable revenue. If such business forward regulations are not passed, we run the risk of potential online gaming revenues to both gaming companies and states/municipalities being losing out to offshore efforts, which would likely create far fewer jobs here in the US. If Pataki was still governor of New York, I have to wonder if his position on online gaming would be different.
Naturally, some have concerns but the fear driven rhetoric coming from Governor Pataki and the coalition doesn’t withstand even basic scrutiny. One such concern is making sure that minimum age to gamble rules are enforced and where applicable players are located within a state’s border in order to gamble. Just as was the case with online wine and alcohol sales, technology is offering the solution. In fact, states that are moving forward with online gambling are placing safeguards that are not available today from offshore sites.
Helping New Jersey in that process by offering geolocation services for New Jersey is Locaid LLC. The Locaid system in New Jersey has four levels of location verification that include mapping a person’s location by using cell towers, tracking IP addresses on computers and matching computers and mobile phones together by having a PIN texted to a mobile device that must be entered on the computer. Once logged in, locations will continue to be monitored, and those betting near state borders will be closely monitored with more frequent checks. Locaid is not the only company addressing this pain point, another is 888 Holdings (EIHDF), which tracks who the customer is and his betting patterns. If anything unusual is seen, the company reaches out to the customer. According to 888 Holdings CEO Brian Mattingley Internet gambling provides even more protections than gambling in a brick-and-mortar casino because of the levels of verification a player goes through to play online.
Another concern proffered by the Coalition to Stop Online Gaming is the much ballyhooed wave of gambling addicts that will arise as a result of online gaming, however research papers from the Harvard Medial School and others have pointed to a lack of empirical evidence to support the claim. Even so, many online gambling operators offer self-limiting features, allowing players to set limits on how much money or time they spend gambling. The New Jersey Division of Gaming Enforcement is extending its self-exclusion list to online gambling, allowing individuals to ban themselves for one to five years.
The Coalition’s unsubstantiated claims aside, it seems the danger they fear the most is competition. However, from an investor perspective, such government intervention is never helpful. If the market is allowed to continue and expand, the growth of online gaming should be a revenue boost to companies like Caesars Entertainment, Boyd Gaming (BYD), MGM Resorts and others that have partnered with 888 Holdings and BWIN.PARTY DIGITAL (PYGMF) to enter the online gaming environment. As we’ve seen in the past and as I’ve outlined at the beginning of this piece, the impact of technology can result in significant shareholder value and its poised to do so again with online gaming. For those companies that don’t embrace online gaming or sit on the sidelines too long — Wynn Resorts, Las Vegas Sands, and others – they risk becoming a mobile phone in a smartphone and tablet world.
flysky - Vielleicht macht es jemand anderes...:) so wie es aussieht, habe ich mich warscheinlich geiirt. Ich meine mit meiner Abschatzung, dass der Kurs nicht steigern wird... in so einem Fall irre ich mich gerne. Und noch etwas ernst- es sieht so aus, dass wirklich auch grossere Investoren interesse zeigen.
Wac, wie kommst du zur Vermutung, dass grosse Investoren Interesse zeigen? Meinst wegen der Konferenz? Denn die Umsätze sind nicht sooooo hoch, und damit meine schon London. Nicht vergessen: auch wenn derzeit so aussieht, dass USA State after State öffnet, Bwi.Party wird immer eine Zockeraktie bleiben, das sind wir uns schon bewusst.
flysky - ist nur meine Vermutung, wenn die Aktie in so kurze Zeit von 108 auf fast 130 pencen steigt, dann passiert es nicht darum, dass Leute aus diesem Forum kaufen...:) Wenn jemand zockt, dann macht es sehr geschickt und sicher nicht mit wenig Geld.
Wie ich schon sagte - meine Vermutung ist, dass die Liberalisierung in USA immer konkreten Forment zeigt und in dem Fall braucht man nicht allzuviel Phantasie, wie wurde der Kurs aussehen, wenn "nur" California oder New York aufmachen wurden. Der letzte Beispiel war am Anfang 2013... eine nachricht uber NJ und der Kurs war in kurzeste Zeit um 50 percent hoher...
Hoffentlich kommt er nicht durch. Ich erwarte, dass der Kongress wird in absehbare Zeit ein Entscheidung machen /mussen/
Lindsey Graham Introducing US Legislation to Ban Internet Gambling[ return to main articles page ] .
According to an e-mail sent on Thursday from the Poker Players Alliance, the main lobbying group for poker players on Capitol Hill, "Senator Lindsey Graham (R-SC, pictured) will soon introduce Senate legislation to expand the Wire Act to ban internet poker along with other forms of internet betting" in the United States. When his bill will be dropped remains to be seen. He has reportedly not found a Democratic co-sponsor.
The PPA sourced a Gambling Compliance article and detailed, "Graham articulated firm opposition to online betting. When asked about a poker carve-out, he was adamant in his rejection, going so as to say he would even oppose other bills with carve-outs, specifically mentioning the one proposed by Senators Harry Reid and Dean Heller of Nevada."
Speaking on the legislation, Poker Players Alliance Executive Director John Pappas told PocketFives in an exclusive statement, "The prohibition Senator Graham is seeking serves no one's interests. It is obviously bad for online poker enthusiasts who want the freedom to play, but it is just as bad for those he seeks to protect. A prohibition protects no one and very well could create the types of problems Senator Graham wants to suppress. The poker community needs to stand strong and oppose this effort every step of way. It is a serious threat to the future of online poker in the US."
When asked what sparked Graham to introduce such legislation in the first place, the Senator from South Carolina was quoted as saying, "I don't think it is a good idea for the country. South Carolina is not a big gambling state… A lot of damage can be done to the society in general. Again, the law enforcement community has been pretty universally against it in South Carolina and you can see a pretty wide coalition of cops and religious leaders coming together."
Three US states have legalized online gambling already: Nevada, New Jersey, and Delaware. Nevada allows online poker only, whereas New Jersey and Delaware permit other casino games as well. Nevada and Delaware recently reached an accord to share poker liquidity, although a date when the compact will take effect is not yet known.
Last week, it was revealed that Reid (pictured) and Heller are formulating legislation to ban all forms of online gambling except poker, legislation that Graham would be opposed to, according to Gambling Compliance.
The PPA labeled the effort from Reid and Heller "odd," telling the poker community, "It's an odd bill. Sheldon Adelson is gunning specifically for poker, so he doesn't want it (unless he's hoping to divide and conquer). And, unless they sweeten the deal, players don't really get anything out of it either. States can already authorize online poker, as we've seen in three states."
Graham has been in the US Senate since 2003 and was in the House of Representatives prior to that. Strom Thurmond formerly held his Senate seat.
Keep it dialed to PocketFives for the latest poker legislation news.
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California Assemblyman: Still a Chance for Online Poker in 2014
February 28, 2014
California Assemblyman Isadore Hall told Tribal leaders and gaming interests at Thursday's iGaming Legislative Symposium in Sacramento that he believes there is still a chance for Internet poker legislation to pass in the Golden State during 2014.
He also indicated that the Assembly would be holding an informational hearing on the issue in the next few weeks. Hall, who was the keynote speaker to open the event, serves as chair of the Assembly Governmental Organization Committee, which includes gambling-related concerns.
Two poker-only bills were introduced in the California legislature last week at the deadline to submit new legislation for the year: SB 1366, introduced by State Sen. Lou Correa, and AB 2291, introduced by Assemblyman Reggie Jones-Sawyer. Currently, AB 2291 has its tribal supporters, including the influential Pechanga Band of Luiseno Indians, and the Correa bill is being pushed by another group of tribes, including the powerful San Manuel Band of Mission Indians. Pechanga.Net and Spectrum Gaming Group organized and produced the symposium.
It's going to take the tribes uniting behind one bill before legislation will move forward.
Bo Mazzetti, chairman of the Rincon Band of Luiseno Indians, said he thinks the tribes in California are 99% in agreement on the details of a bill and just have a few minor things to work out.
“I'm quite happy that we're all coming together,” Mazzetti said. “We're in different camps but we're getting to the big main camp together.”
The tribes have met three times in the past six weeks and are planning another meeting for mid-March.
Mark Macarro, chairman of Pechanga, didn't seem as optimistic about how close the tribes are to an agreement or of the potential for Internet poker all together.
“The revenue stream that our brick and mortar casinos represent, it's hard to truly emphasize how key that is,” Macarro said. “All my remarks are prefaced by concerns about anything that can destabilize something that's working right now.
“Over the last handful of years, we've listened to a lot of experts, hired some experts, talked to many people and authorities far and wide, and we've concluded, given our circumstances as tribal governments, that Internet gaming is in fact a bigger threat than an opportunity. And frankly, if it were up to us, Internet gaming wouldn't be coming to fruition anytime soon.”
Macarro went on to explain that unless Congress prohibits Internet gaming, which he finds highly unlikely, there is no way to stop Internet gaming from coming to the state and that a California bill that respects tribal rights is the best way forward for tribal governments.
He isn't even concerned with the amount of money Internet poker could generate for his tribe. He specified that the amount of revenue that poker generates at Pechanga Resort and Casino in Temecula pales in comparison to casino games such as slot machines, roulette and craps. His main desire in a bill is an adequate framework to prohibit those games, as he thinks it's possible that the introduction of iPoker would soften opposition or public opinion on full iGaming over the next 5 to 10 years.
“Frankly, we don't think there's a lot of money to be made on iPoker in California,” Macarro said. “Our biggest fear is that iPoker is an entree for Internet gaming, such as New Jersey already decided.”
Keith Sharp, an attorney representing the interests of many of California's major card rooms, including Commerce, The Bike and Hawaiian Gardens, disagreed with the negative prospects for online poker and indicated that the card clubs are ready to get behind either bill, they just want it to get done.
“From our perspective, we're very bullish on iPoker,” Sharp said. “We operate the largest poker rooms in the world here in California. We've thought from the get go that iPoker would be good for our business. There may be some with the belief that it cannibalizes your brick and mortar. We happen to believe that cross-pollination or what have you actually might be good for business.”
Neither the tribes nor the card clubs were concerned about the conviction on voter fraud charges of State Sen. Rod Wright, for five years the legislature's biggest advocate for bringing online poker to the state. This week, Correa took over as chair of the Senate Governmental Organization Committee that handles gaming issues, giving online poker another friend heading the key committee. However, Correa might lack the influence previously wielded by Wright, particularly given that term limits make this his last year in office.
The Indian tribes and card rooms actually see Wright's removal from the equation as a positive because the 18-year veteran of the California legislature was insistent on the inclusion of the state's race tracks as eligible to run online poker, which is not allowed for in either of the current bills.
“I think he was having an outsized influence on the conversation and I think his personality kind of elbowed people out, so I think his departure will mean a more balanced conversation for all the stakeholders,” Macarro said.
Richard Schuetz, commissioner of the California Gambling Control Commission, revealed during the lunch keynote that he believes the state is ready for iPoker. He said the commission was given a mandate by the governor's office to prepare for the possibility of Internet gaming in 2011.
Over the past three years, the commission has worked to acquire literacy in the iGaming area. He said they now understand what geolocation means, the difference between triangulation, IP address mapping and Wi-Fi database mapping. hey understand what payment processing and age verification is about. They've developed a worldwide database of regulations, and have traveled mostly at their own expense to visit people and learn more about Internet gaming regulations, including with the gaming commissioners in Nevada and New Jersey.
“If you take the three existing systems that are now up and running, that equals one-third of our population,” Schuetz said. “The point I am trying to make is that we're trying to get this right. I've tried to explain that the stakes are huge, and we think we can get it right ourselves. I'm a Californian, and I believe between us and our tribal partners, we can get this right.
“I believe that if this is the will of the people, if it is the will of the legislature, if it is the will of the government, that we can do this and do one hell of a job so that when we do it, it will be like everything else — better than anybody else on the planet
Home / Views / 8 Things That Will Happen if Sheldon Adelson Gets His Way on Regulated Online Gambling
8 Things That Will Happen if Sheldon Adelson Gets His Way on Regulated Online Gambling
By Steve Ruddock on February 28, 2014 12:45 PST@SteveRuddock
8 Online Poker Predictions
Sheldon Adelson has been earning himself a lot of ink with his relatively new Coalition to Stop Internet Gambling.
But will his mission to wipe regulated online betting from the face of the United States succeed?
Here’s a look at 8 things that could happen if it does.
#8) Laundering money online will become easier
Pretty much anyone can sign up at one of the unregulated online poker sites currently operating in the US. These sites don’t require any form of ID or a social security number, and they don’t run player verification or geolocation checks.
For a more in-depth look at the signup process at regulated and unregulated online poker rooms you can read this article.
Now, let me ask you what should be a very simple question: if you were going to launder money which would you prefer, the site that forces you to identify yourself or the site on which you can simply pretend to be anyone you want?
#7) Minors will have unabated access to online gambling sites
And if you think laundering money would be easy in a completely unregulated industry, just think about how easy it would be for a minor to sign up at an online poker site that doesn’t require any type of age verification beyond clicking a box that says you are over 21!
#6) Problem gamblers will be at the mercy of “predators”
One of the highfalutin talking points Sheldon Adelson and his CSIG group like to throw around is “predatory gambling,” a term that is little more than what the late great George Carlin would call, “OOOH, spooky language!”
Apparently Adelson and his cronies feel the best way to protect problem gamblers is to leave them to their own devices, and not let them play at regulated sites that are required to report problem gambling behaviors.
Oh, and did I mention that a specific percentage of the revenue generated from New Jersey’s licensed online gambling sites goes directly to problem gambling initiatives? Well it does.
“The governor recommended extending existing prohibitions on casino-related employment for state workers and others with conflicts of interest, increasing funds for programs that treat compulsive gambling, and requiring elected state officials to disclose current and former connections to companies seeking online gaming licenses.”
If Adelson considers the regulated and licensed online poker rooms to be predators, like a puma or leopard, then unregulated sites are like velociraptors and tyrannosaurs.
#5) Online poker players will continue to get ripped off by shady providers
With no legitimate regulation in place, and no one to hold providers accountable, players will remain at the mercy of offshore sites that have already done a wonderful job of screwing us over on multiple occasions.
Without real regulations and oversight in place you can pretty much guarantee that the poker world will deal with another Ultimate Bet, Absolute Poker, Full Tilt Poker, or any of the other smaller sites that have run off with our money or are in the process of doing so.
The bottom line is this: if Sheldon Adelson gets his way you can say goodbye to consumer protections and holding the providers accountable.
#4) Poker will cease to exist as we know it
Poker in the US – and the thousands of jobs and millions in economic activity that it generates – will enter a very dark time that will put the aftermath of UIGEA and Black Friday to shame.
#3) The US economy will lose out on high-value, high-paying jobs
It may not be enough to have an impact on the unemployment rate, but online poker sites are creating more jobs than you think.
Not only does the industry require IT and software people, marketing, advertising and salespeople, but think about all of the ancillary jobs for web developers, bloggers/writers (like yours truly), and affiliates that are also seeing new streams of revenue thanks to the newly regulated markets.
Furthermore, as John Mehaffey of USPoker.com mentioned recently, a well-written federal bill could easily demand all customer service and other jobs be filled by US residents rather than be outsourced overseas.
Succinctly put, if Sheldon Adelson gets his way the US economy loses jobs.
#2) The US economy will lose revenue
Licensing fees, tax revenue, taxes gleaned from the new jobs created (see above), additional economic stimulus as online poker providers hire outside vendors and liberally spend on marketing and advertising… POOF!
All gone, just like that if a federal ban on online gambling is passed.
Additionally, valuable resources will be spent prosecuting black market online gambling providers instead of just letting them wither and die on the vine as players switch to licensed providers.
#1) Sheldon Adelson will still be a very rich man
At the end of the day, when millions of dollars have been wasted on this fight, Sheldon Adelson, win or lose, will still be one of the richest men in the world.
Perhaps the old adage of, “he has more money than he could ever spend” is literally true in Adelson’s case.
Perhaps this fight, and his other recent exploits of setting money on fire, are just Adelson’s way of buying the latest infomercial product?
Now that I think about it, Adelson’s proposed $100 million spending spree on a hopeless effort to stop online gambling is like that time I bought that little stick that was supposed to eliminate clothing stains – it did work, but it also eliminated any color it came into contact with and I had to throw away my prized polo sweater which is about as traumatic an experience as a high school kid could suffer.
Borgata Poker, PartyPoker Counting Down to 30 Million Hands in New Jersey[ return to main articles page ] .
The countdown to 30 million hands is on at Borgata Poker and PartyPoker in New Jersey, which share the same network. The promotion starts with the 25 millionth hand dealt and ends at the big three-zero, with milestone hands taking place at #25 million, 26 million, 27 million, 28 million, 29 million, and every 100,000 hands until 30 million. Sign up for Borgata Poker and sign up for PartyPoker.
Steve Nathan, Vice President of Marketing for Borgata, commented in a press release, "We have been extremely satisfied with the positive response from poker players since the commencement of internet gaming in New Jersey and we can't wait to see our 30 millionth hand hit the virtual felt… It's our pleasure to reward players with extra cash for helping us achieve this great accomplishment."
All hands dealt in real money cash games, Fast-Forward games, sit and gos, and tournaments qualify, according to Borgata's website. Play money games won't count.
When a milestone hand is dealt, the winner of the qualifying hand will be awarded a $1,000 prize and all other players at the table will get $100. When the 30 millionth hand hits, the winner will receive $10,000, while all other players at the table will get $1,000.
The bonus money on Borgata Poker and PartyPoker is paid out on top of the winnings for the actual hand. In the top right corner of the table, you will see a display that shows the hand number in case you get lost.
According to the same press release, the milestone hands could come and go quickly, as "Borgata has recently expanded its mobile platform (pictured) to include Android devices for WiFi and 3G/4G networks along with Apple iOS WiFi deployment in January, allowing players to enjoy online gaming anytime and anywhere in New Jersey as they play for real money on their laptop, smartphone, or tablet."
Players only need to be located in New Jersey to compete on the state's regulated online poker sites and casinos; they can be residents of any state.
According to PokerScout, which keeps tabs on online poker room traffic, Party/Borgata is the 31st largest network worldwide and the busiest in New Jersey, with a seven-day running average of 240 real money ring game players. It has a 24-hour peak of over 600. Party/Borgata holds down 42% of New Jersey's cash game market.
Visit PocketFives' New Jersey poker community for the latest news and discussion from New Jersey players.
If New Jersey’s first three months in the regulated iGaming space were a preamble, then Sunday was the true first chapter.
Granted, Party Poker / Borgata’s $100,000 guaranteed one-off event wasn’t the first of its kind – last month WSOP.com held a paid entry $250,000 guarantee as part of its Online Championship series - but it was the first tournament that instilled a sense of confidence in me, as if to say “don’t worry, online poker is alive and well.”
It also summoned up memories of days gone by, when PokerStars reigned supreme in the US. Back then a $200 buy-in could be parlayed into life-changing money, all in less time than it would take to put in a full day of work.
Up until Sunday I had resigned myself into thinking that those days had past, and that they wouldn’t return for several more years, if ever. Now, I’m not so sure.
So it’s only fitting that this week’s iteration of NJ iGaming Weekly be solely dedicated to the day I’ve personally dubbed “Breakthrough Sunday.”
The Party / Borgata 100k guaranteed: By the numbers
Just a quick overview of last Sunday’s 100k guarantee numbers relative to weeks prior reveals how significant an impact the tournament had on NJ’s burgeoning online poker market:
•Sunday’s tournament drew 768 entries. The previous high was set on February 9th, when 378 runners signed up for Party / Borgata’s newly-revamped 50k guarantee.
•The 100k guarantee shattered its guaranteed prize pool by a staggering $45,410. Prior to Sunday, no NJ tournament had cleared its benchmark by more than $20,000.
•First place paid out $26,901, and the top three finishers all received five-figure paydays. Although it wasn’t the highest first place prize paid out thus far, it takes top honors for a $200 buy-in tournament.
•For comparison’s sake, WSOP’s $250,000 Guaranteed Main Event on January 26th missed its guarantee by a whopping $86,000, forcing the site to make up the difference.
For more on Party / Borgata’s record-setting tournament and its possible implications on the future of the site’s Sunday Major, please refer to Chris Grove’s recent posting.
So why the huge turnouts?
Beyond the lure of a bigger of a bigger prize pool, there are several theories as to why the 100k guarantee drew such a massive field:
•The tournament was originally announced three weeks ago. It’s likely that players who won a Sunday Major entry via Party’s frequent satellites waited until last Sunday to take full advantage of their tickets.
•Last Sunday, both Harrah’s Philadelphia and Parx Casino were sponsoring Day 2′s of major tournament events. It’s possible that players who busted early made the trek across Interstate 95 for a second chance at glory.
•Along the same lines, New York City’s poker contingent likely felt more compelled to visit the Garden State than they would otherwise.
Remember, New Jersey’s regulated markets have a distinct advantage over those located in similarly populated areas: it’s sandwiched between two major cities that together exceed the population of the entire state.
And since introducing live poker a few years back, Philadelphia is quickly evolving into an epicenter of gambling activity.
Tournament entry fields up across the board
The ramifications of Party / Borgata’s successful foray into the land of six figures reached well beyond the confines of its own poker room, as a fair percentage of those who signed up for the 100k also took a shot at one or more of NJ’s other Sunday Majors.
Reminiscent of the pre-Black Friday days when upwards of four or more poker rooms would shatter the guarantees for their Majors week in and week out, Party’s success proves that what’s good for one site is advantageous for the online poker community at large.
Case in point:
•Ultimate Poker’s NO-verlay $20,000 Sundays drew a record-breaking 300 entries, surpassing its guarantee by $7,300. Notably, it was the first time in the infant site’s history that the $100 buy-in event drew enough runners to satisfy its meager requirements.
•WSOP’s $25,000 Weekly Sunday Guarantee also performed admirably, boasting a $34,200 prize pool.
•Even 888poker’s Not-So-Big Sunday surpassed its guarantee, albeit by the slimmest of margins.
On a side, it’s quite likely that once Ultimate’s Sunday Major hit its guarantee, players began signing up in droves.
The reasoning behind my theory is that the site is currently offering a promotion where players are refunded their entire buy-in should one of its weekly guarantees cross over into the black.
More on NO-verlays here.
Cash-game traffic also experiences increase
While I’m sure Party / Borgata is thrilled that their 100k field trial obliterated expectations, the true mark of a site’s long-term viability is its cash-game traffic.
According to PokerFuse Pro via PokerScout, the 100k did have a positive impact on cash-game volume, much to the pleasure of Party / Borgata, I’m sure.
7-day averages and 24-hour peaks as follows (as of Monday):
•PartyPoker NJ: 231 (620 24-hour peak) – 7-day averages are up a respectable 8.5 percent over eight days prior.
•WSOP: 174 (379 24-hour peak) – averages are down over 6 percent this week.
•888poker (All American Poker Network): 119 (255 24-hour peak) – down a rather remarkable 10 percent since last Sunday.
•Ultimate Poker: 16 (54 24-hour peak) – holds steady at virtually nothing.
It’s clearly evident that while every NJ poker site benefited on the tournament front from Party’s bold move to double its guarantee, that it was the only site to reap the rewards of increased cash-game volume.
Given the success of the 100k and the positive impact it had on cash-game numbers, it will be interesting to see how Party handles the prize pool for its Sunday Major going forward.
But if I had to guess, last Sunday won’t be the last time we’ll be seeing a six-figure guaranteed payout in New Jersey. And that’s a major milestone in and of itself.
Anxiety over Anti-Online Gambling Initiatives are Unwarranted
07 Mar 2014
As both sides take up arms in the fight over online gambling a lot of poker players are having flashbacks to 2006 and 2011; concerned that the poker world is about to take yet another punch in the gut.
This trepidation is unwarranted.
The current battle over online gambling being waged between Sheldon Adelson and his Coalition to Stop Internet Gambling and the PPA / AGA and its Coalition for Consumer Online Protection has already been fought. We are simply witnessing the desperate attempts from one side that refuses to believe it has lost, or that the fight is over.
Proof online gambling has already won
Nevada has been hosting legal online poker games for nearly a year, and two other states, New Jersey and Delaware have been up and running for months now. Furthermore, several other states, including California, are exploring online gambling expansion.
All the while the government hasn’t lifted a finger or made any pronouncement that they are unsure that this is a good idea.
Online gambling advocates have already won; someone just forgot to tell Sheldon Adelson.
Sheldon Adelson and CSIG have done the lobbying equivalent of moving their king from square to square to temporarily avoid a checkmate and drag the game out as long as they can. Adelson and CSIG are fouling the other team to stop the clock with a minute to go in a basketball game trailing by 20 points.
Actually I’m giving them too much of a chance with that last analogy, it’s more like showing up after the basketball game is over and appealing the final score.
Three states have legalized online gambling! The industry is nearly a year old and not one of Adelson’s predictions about fire and brimstone have materialized. Stop worrying, Adelson isn’t Lucy holding the football; he’s Charlie Brown running up to kick it.
A ban on online gambling at this point is the equivalent of passing a gay marriage law, holding wedding ceremonies for 10,000 couples, and then coming back a year down the road and saying, “you know those weddings last year? Yeah, we have a bit of a problem.”
It’s not going to happen.
El Pres at Barstool Sports will often say, “Swag on top of swag,” but it seems like Adelson has hubris on top of hubris if he legitimately thinks this is a fight he can win.
Even if he wins, it takes time
Let’s flip the script for a moment and suppose the DOJ had rewritten their opinion of the Wire Act to cover all forms of online gambling including poker, and online gambling was banned in several states in 2011. And now groups were trying to not only get the DOJ to change their mind (again) but have Congress pass a federal online gambling bill; what chance would you give them of accomplishing this in 1 year? 3 years? 5 years?
This is what Adelson is doing only in reverse. Even if he is successful, it’s such a slow tedious slog that by the time a decision is finally rendered the entire landscape could be changed; the entire Internet might be totally different!
Some historical perspective:
The 17th Amendment was proposed in December of 1917, ratified about a year later in January of 1919, and went into effect a year later in 1920! It then took 13 messy years to undo that dreadful law—which bolsters my argument that passing a law is much easier than repealing one.
If you want an example a little closer to home think about UIGEA for a moment. The law was passed in September of 2006, signed by George W. Bush in October of 2006, and went into full effect in ………drum roll……… June of 2010!
If the legislative process has taught us anything it’s that it’s a slow process. Furthermore, it’s much easier to pass a bill into law than pass a bill that repeals or changes a law, and since three states have passed online gambling laws they will be very difficult to repeal.
Then there are still the courts
Yes, the federal government could pass a bill banning online gambling (but they won’t and here is why, and more reasons why) but that doesn’t mean the states have to accept it, especially with precedent on their side, and a virulent debate raging over state’s rights.
So not only do you have the incredibly slow legislative process and the incredibly slow implementation process, but in the interim you’d also get a slew of court challenges.
You can bet your bottom dollar that if Adelson somehow manages to get the final score of that hypothetical basketball game overturned that New Jersey, Nevada, and Delaware will file injunction after injunction and take their appeal all the way to the Supreme Court.
So why are online gambling advocates fighting back so hard?
To answer this question let’s return to our basketball game where Sheldon Adelson is down 20 with a minute to go.
If the other team walks off the court and goes to the locker room it’s not out of the realm of possibility that Adelson’s team could win the game, so the other team (in this case online gambling advocates) have to keep playing until it’s impossible for Adelson to win—which will happen when we have a federal online gambling bill of our own.
- See more at: http://njpokeronline.net/news/2534/...
Rückzug aus Argentinien, neue Steuern und Griechenland-Bann belasteten
Wien/Gibraltar - Der börsennotierte Online-Glücksspielkonzern bwin.party ist 2013 wieder in die Gewinnzone zurückgekehrt, jedoch sind die Erlöse um fast ein Fünftel zurückgegangen. Gründe waren der Bann von Zockerseiten in Griechenland, neue Wettsteuern sowie der Rückzug aus riskanten nicht-regulierten Märkten. Nach der Rosskur will das austro-britische Unternehmen heuer wieder wachsen.
"Nachdem wir Form und Größe unseres Geschäfts gestrafft haben, haben wir jetzt eine Basis für die Rückkehr zu nachhaltigem Wachstum", teilte CEO und Gründer Norbert Teufelberger mit.
Im vergangenen Jahr musste bwin.party ordentlich Federn lassen. Der Umsatz ging von 801,6 Mio. auf 652,4 Mio. Euro zurück, ein Minus von 19 Prozent. Auch operativ war das Unternehmen schwächer unterwegs; belastet haben höhere Wettsteuern in Deutschland sowie die Investitionskosten für den Markteintritt im US-Bundesstaat New Jersey. Das bereinigte Ergebnis vor Zinsen, Steuern und Abschreibungen (Ebitda) aus fortgeführten Tätigkeiten schrumpfte von 164,9 Mio. auf 108 Mio. Euro (-34,5 Prozent).
Unterm Strich blieb ein Gewinn von 41,1 Mio. Euro, 2012 hatte bwin.party einen Verlust nach Steuern von 64,7 Mio. Euro geschrieben.
bwin.party ist vor einigen Monaten auf Klasse statt Masse umgeschwenkt: Weniger Kunden sollen um höhere Beträge spielen. 2013 hat sich das umsatzmäßig in allen großen Geschäftsbereichen negativ bemerkbar gemacht: Bei den Sportwetten schrumpften die Erlöse um 10 Prozent auf 235,8 Mio. Euro, im Segment Casino um 21 Prozent auf 215,6 Mio. Euro und beim Pokern um 35 Prozent auf 114,6 Mio. Euro.
In Zukunft will sich bwin.party auf Märkte konzentrieren, in denen die rechtliche Situation puncto Glücksspiel klar geregelt ist. In vielen Ländern findet ja Online-Zocken in einer juristischen Grauzone statt. In der EU behelfen sich Anbieter gerne mit (steuergünstigen) Lizenzen aus Gibraltar oder Malta, über die sie dann Kunden in vielerlei Staaten bedienen. Auch in Übersee müssen Glücksspielfirmen viel für Anwälte und Prozesse ausgeben, so etwa bwin.party in Argentinien. Nach jahrelangen Rechtsstreitigkeiten mit Behörden zog sich der Konzern aus dem Land zurück, was 2013 Kosten von 2,5 Mio. Euro verursachte. Weiters fielen im Vorjahr Abschreibungsverluste auf Nicht-Kern-Investments von 9,4 Mio. Euro an.
In den ersten zehn Wochen des heurigen Jahres lagen die Erlöse um 10 Prozent unter der Vorjahresperiode, aber um 6 Prozent über dem vierten Quartal 2013. 56 Prozent der Wetteinsätze kommen zwischenzeitlich aus regulierten Märkten, in der Vorjahresperiode waren es 51 Prozent.
Die Aktionäre jedenfalls dürfte das freuen: Die bwin.party-Aktie in London legte am Donnerstagvormittag um mehr als 6 Prozent auf 128,3 Pence zu. Die Dividende für 2013 will der Konzern leicht auf 1,80 Pence je Aktie erhöhen (2012: 1,72 Pence). (APA, 13.3.2014)
CEO Norbert Teufelberger sets out plans to raise mobile revenues to 50% of GGR by 2015 and reveals new sportsbook, casino and poker launches
Bwin.party expects to see mobile and touch devices contribute around half of all revenues within the next two years after CEO Norbert Teufelberger conceded it had fallen behind its rivals in the mobile channel.
Following the release of its full-year results, in which the company revealed a 25% reduction in EBITDA and a 19% contraction in revenues, CEO Norbert Teufelberger said the operator plans to “reclaim the lead in mobile” after admitting the company had “lost the edge”.
Mobile contributed around 12% of all revenues in 2013 (€76.9m), a 77% increase year-on-year, and Teufelberger said the company is aiming to increase overall mobile revenues to 50% of total gross gaming revenue by December 2015.
The operator kicked this off by launching its HTML5 mobile sportsbook in Spain yesterday, which Teufelberger said will be complimented by an advertising campaign in the country scheduled to get underway on Monday.
The chief exec also said that the new mobile sportsbook will be rolled out across other jurisdictions during Q2 and Q3.
Teufelberger attributed the loss of ground in mobile to the 2012 merger of bwin and PartyGaming, which he said had led the combined company to prioritise migration issues over product development.
“Merging and integration issues set us back,” Teufelberger said. “However we are now in the position to put mobile first in everything we do,” he added.
The operator is also focused on improving its mobile casino with the addition of 20 new games in the coming months while its new PartyPoker product is also due to be rolled-out on iOS and Android.
Teufelberger admitted the company had changed strategy on the offer of third-party games, and is now prepared to ramp-up the number of games offered from games suppliers.
“I had a different opinion to Jim Ryan [former PartyGaming CEO] who preferred propriety content,” he said. “However, I didn’t think we were in the position to roll new games out fast enough so we had to open up and change strategy – although propriety games were a good differentiator in the US.”
Shift from “volume to value” wipes 25% off 2013 company profits as regulated revenues also fall
Bwin.party posted a “disappointing” 25% fall in clean EBITDA for 2013 after the operator completed its first full-year implementing its shift from unregulated to regulated markets.
According to its results this morning, its “volume to value” focus led to EBITDA for the 12 months ended 31 December falling from €143.6m to €108m, while revenues fell 19% from €801.6m to €652.4m.
Bwin.party pointed to ISP blocking in Greece, increased gaming taxes in Germany and start-up costs in New Jersey as major factors behind the drop.
However, the operator highlighted that 53% of revenues were now derived from nationally regulated markets, up from 43% in 2012.
In absolute terms regulated revenues having fell marginally from €345.5m to €342.3m.
The majority of the loss was felt in the unregulated business where the company saw revenues fall 32% from €456.1m to €310.1. Unregulated gaming revenues made up more than half of this total (53%), partly due to the inclusion of those derived from Germany.
All four egaming verticals suffered a fall in revenues, with poker seeing the biggest decline as revenues slumped by 35% to €114m despite the re-launch of its PartyPoker client last September.
Sports betting revenues, which fell 10% during the year, contributed more than double that of poker with €235.8m with 67% of revenues derived from regulated markets.
Bwin.party CEO Norbert Teufelberger (pictured) said the company had reasons to be optimistic and drew attention to the potential for growth in mobile, which saw revenues grow by 77% to €76.9m and higher than expected cost savings of €97m due to its focus on fewer markets.
In addition, the company figures for the first ten weeks of 2014 saw sequential single-figure growth in every area of the business.
“Having streamlined the shape and size of our business we now have the foundations to return our business to sustainable growth,” Teufelberger said in a statement.
Teufelberger added he expected bwin.party to have entered at least one additional US state by the end of 2015 while he also estimated regulated revenues would grow to 75% in the same time period.
The results come shortly after activist investment group SpringOwl led by Jason Ader purchased a 6.1% stake in the company from the trusts owned by PartyGaming founders Ruth Parasol DeLeon and Russell DeLeon.
Jane Anscombe, analyst at Edison Investment Research, said bwin.party results would need to improve in 2014 or the company could be faced with divisions at board level.
“With activist US investor Spring Owl on board since February there have been suggestions that the group could be broken up if 2014 does not show real signs of change. It is trading below the peer average, reflecting its regulatory profile,” Anscombe said.
Bwin.party’s share price had risen 3p to 126 in early morning trading.
Gross gaming revenues up 8% to US$10.3m in the Garden State driven by growth in online casino
Regulated internet gambling generated gross gaming revenues (GGR) of US$10.3m in New Jersey in February representing an 8.4% increase on the previous month according to figures released by the state’s Division of Gaming Enforcement.
The month-on-month increase was much less than in January, where GGR rose 28%. The number of new accounts created dropped from 72,000 in January to around 50,000 in February, taking the total to 248,241.
Revenues were driven by an increase in money wagered through operator’s online casinos, overtaking internet poker for the first time for market leaders the Borgata and Caesars. Total internet poker revenues for the month were $3.1m or 30% of total win, compared with online casino which generated $7.2m.
The Borgata continued to reign supreme in the Garden State, generating GGR of $4.05m in February with $2.5m coming from its online casino sites and $1.5m from its internet poker sites run with platform partner bwin.party through its PartyPoker brand.
Borgata CEO Keith Smith said he was pleased with the Borgata’s position in the market and that the launch of its real-money gaming app for Android had helped increase revenues.
“Boyd Gaming continues to strengthen our position as a leader in online gaming. We were particularly encouraged by the performance of Borgata’s online casino site, which achieved month-over-month revenue growth of 36%, and more than 50% on a per-day basis,” he said.
“Mid-February Borgata launched an Android-compatible app that can access 3G and 4G networks, making it more convenient than ever to play at Borgata. We have migrated our entire suite of IGT game titles to this app, ensuring that our mobile gaming experience meets the high expectations that players have for the Borgata brand,” Smith added.
Caesars Interactive which operators the World Series of Poker and CaesarsCasino sites in the Garden State, came in second place with revenues of $3.3m. Poker sites active under its licenses – including 888.com – attracted revenues of $1.5m compared with $1.9m for its online casino product.
Third in overall GGR was the Tropicana which saw a 60% month-on-month increase to $1.4m, boosted by platform partner Gamesys launching its Virgin Casino branded site in January.
Next was Trump Taj Mahal ($587,323) followed by the Trump Plaza ($493,590). The Golden Nugget also saw a 60% month-on-month increase but generated the lowest GGR a $460,121.
Research firm Eilers predicts that GGR in New Jersey will grow 7% -12% month-on-month in March to generate revenues of $11 – 11.5m.
Crucial Online Gambling Study to be Presented in Pennsylvania Next Week
March 13, 2014
The Pennsylvania study on the condition of the gambling industry in the state, with particular emphasis on the potential impact of online gaming, is coming back earlier than expected.
Commissioned by the State Senate last December to be completed by the beginning of May, the study from the Senate Legislative Budget and Finance Committee is on the schedule to be presented Wednesday morning.
"We wanted to see what the overall health of the casino industry is in the state and whether or not there's room for expansion without cannibalizing what's currently in place," said State Sen. Kim Ward, chair of the Community, Economic and Recreational Development Committee that first advanced the resolution ordering the study. "We needed to take another look at the state of gaming as a whole before we said we definitely have room for online gaming. I think it's a very good idea, and we're hoping to get some answers next week."
If the study comes back predicting the positive impact of iGaming in the state, it would set in motion the serious consideration of the Pennsylvania legislature following its neighbors in New Jersey and Delaware by authorizing the licensing and regulation of full online gambling, including poker. However, a negative viewpoint of online gaming could stop the idea in its tracks.
"If the study comes back and says we can't handle it, I guess it most likely won't happen," Ward said.
Pennsylvania Rep. Mario Scavello announced a proposal last month to criminalize online gambling for people in the state, but after having his Facebook inundated with posts from a Poker Players Alliance-led grassroots effort, he said he would push off introducing his legislation until seeing the results of the study