bwin.party hat am Freitag eine Lizenzvereinbarung mit der belgischen Belcasinos bekanntgegeben. Somit kann bwin.party nun offiziell Online-Sportwetten, -Poker und -Casino-Spiele in Belgien anbieten, heisst es. Die belgischen Behörden haben den Angaben zufolge die Kooperation mit Belcasinos abgesegnet und auch begonnen, die bwin.party-Sites von ihrer schwarzen Liste zu streichen. Laut den beiden Co-CEOs seien alle Differenzen mit den Behörden beseitigt und man könne sich nun auf die kommerziellen Chancen fokussieren.
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.
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