Archive | Casino industry

New Platform for Tracking Legal, Regulatory Issues in Online Gambling

New Platform for Tracking Legal Regulatory Issues in Online Gambling New Platform for Tracking Legal, Regulatory Issues in Online GamblingOn Monday, the team behind OnlineCasino.info confirmed that it will start using its news blog to track legal and regulatory issues that “affect the international online gambling industry.”

Using the .info domain extension, the recently launched website is primarily focused on providing informative updates on the internet gambling industry at large, including information on regulatory jurisdictions, casino games and online casino operators.

Company spokesperson, Nikolette Lewis, said in a provided statement that “OCinfo makes for the perfect outlet in providing realtime updates on the ever-changing landscape of online gambling regulation and legality.”
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AGA Announces New Class of Gaming Hall of Fame Inductees

AGA Announces New Class of Gaming Hall of Fame Inductees 300x152 AGA Announces New Class of Gaming Hall of Fame Inductees The American Gaming Association has just announced the newest inductees to its venerable Gaming Hall of Fame.

This year, the AGA is calling those selected the most diverse class of inductees to ever make the cut.

Here’s the list of inductees:

  • Late gaming law expert Bob Faiss
  • Former Las Vegas mayor and current Caesars executive Jan Jones Blackhurst
  • Nevada gaming control board pioneer Patricia Becker
  • The second-ever tribal gaming leader to be selected, Ernie Stevens

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32Red Says Mobile Adoption Increasing Across Online Gambling Space

32Red Says Mobile Adoption Increasing 32Red Says Mobile Adoption Increasing Across Online Gambling SpaceOn Wednesday, online casino company 32Red announced their detection of a spike in mobile casino gaming.

With revenues soaring, the firm has retained its full-year expectations after gross gaming revenues rose in its first-half and the number of mobile users almost doubled.

The European company confirmed that its total gross gaming revenues rose 19% in the first half of this year.
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Online, Brick and Mortar Casinos Continue to Create Many New Jobs

Online Brick and Mortar Casinos Continue to Create Many New Jobs 300x200 Online, Brick and Mortar Casinos Continue to Create Many New JobsIn the last 12 months, mGamingWatch has reported on multiple occasions about the growing number of employment opportunities that have emerged not only in markets where online gambling is legal (Nevada, New Jersey, and Delaware) but also across the domestic and global gaming industries.

This week, the American Gaming Association interjected itself into this debate to further corroborate the positive economic impact of a healthy, vibrant gaming climate.

American Gaming Association President and CEO Geoff Freeman issued the following statement after the Senate vote on the Bring Jobs Home Act.
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Merger Between Two Gaming Powerhouses Makes Headlines

Merger Between Two Gaming Powerhouses Makes Headlines 300x214 Merger Between Two Gaming Powerhouses Makes HeadlinesIn a recent announcement, lottery giant GTECH has purchased slot machine manufacturer International Game Technology (IGT) for a whopping $6.4 billion dollars. The merger will result in a newly formed holding company within the United Kingdom. Italian based GTECH will assume $1.7 billion of debt, and pay an additional $4.7 billion in cash and stock for the acquisition.

The merged companies will continue to operate under the name of GTECH and will continue with their main quarter headquarters in the United Kingdom as well as operating headquarters in Las Vegas, Providence, R.I., and Rome.

IGT is already the gaming industry’s largest manufacturer, and this merger will significantly increase their power and presence within the gaming world. IGT is best known for their slot machines, game library, innovative operating capabilities, as well as their powerful manufacturing division. When this is combined with GTECH’s lottery technology, lottery services, and gaming operations—they are a force to be reckoned with.

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Online Casinos In New Jersey Continue to Disappoint on Revenue

Online Casinos In New Jersey Not Garnering The Success They Were Expected To Achieve 300x200 Online Casinos In New Jersey Continue to Disappoint on RevenueIn an effort to capture much of the lost revenue from Atlantic City, New Jersey launched online gambling in November 2013. Many struggling Atlantic City casinos had high hopes that the addition of online gambling would keep them from closing their doors, but the results are not living up to the lofty initial expectations.

While the number of online gaming account holders increased 8% from May to June 2014, and has more than tripled since December, overall revenues have not followed the same trends. In fact, revenues have been on the decline for three months in a row.

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Online Poker Makes Its Way To The Utah Border

Online Poker Makes Its Way To The Utah Border 300x191 Online Poker Makes Its Way To The Utah BorderIt’s no surprise that Nevada proved an early pioneer in legalized online gambling, as it is already the undisputed gambling capital of the country. Since 2013, provisions have been made in regard to intrastate gambling, and Peppermill Resort in Northern Nevada decided to be the first to offer online poker along the state’s border.

They partnered with Las Vegas-based Ultimate Poker and allow Utah residents to visit 5 of their hotels along Interstate 80 near to make live deposits, which then allow them to play online poker with the money they have deposited, even when they return to Utah. The key, however, is that they must deposit funds in Nevada prior to playing online in Utah—and once they run out of online funds, they must return to Nevada to deposit more in order to continue playing online.

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Online Gambling Not Catching On As Quickly As Predicted

Online Gambling Not Catching On As Quickly As Predicted 300x199 Online Gambling Not Catching On As Quickly As PredictedMany believed that 2014 would be the year that many states across the nation would finally adopt some form of legalized online gambling. With the first three states of Delaware, New Jersey, and Nevada hopping on the bandwagon as quickly as they could get all of their ducks in a row last year, many predicted a domino effect of sorts for this year.

Well, those folks are still waiting. So what happened exactly?

There are several things that have delayed the 7 or so states who are seriously considering legalizing online gambling. While many states see the earnings potential in gambling taxes to be quite impressive, others prefer to wait and see how Delaware, Nevada, and New Jersey work out kinks in regulation and consumer adoption.

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Macu Struggling to Outdo Vegas Once Again and Marketing is to Blame

Macu Struggling to Outdo Vegas Once Again and Marketing is to Blame 300x199 Macu Struggling to Outdo Vegas Once Again and Marketing is to BlameIn 2006, the Macu Gaming Inspection Bureau announced that Macu beat out Las Vegas as a gambling touring destination. Many thought this was the sign of more years to come, but gambling in Macu has been on the decline. The primary reason for this decline is China’s prohibition against promoting gambling that makes it challenging to reach Macu’s target audience.

This leaves casinos attempting to advertise their casinos… without actually mentioning their casinos. Not an easy task.

Any casino in the world has to work hard to differentiate itself and most do so by promoting the perks they offer gamblers. This includes VIP programs, rewards and points programs, and other free perks. However, Macu casinos have to rely on attracting tourist via their “non-gambling” amenities in hopes they will be inspired to travel to the area and gamble in their casino.

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Reality TV Meets The World Of Online Gambling

Reality TV Meets The World Of Online Gambling Reality TV Meets The World Of Online GamblingWhile there are censorship laws that restrict what type of commercial advertising can be aired when it comes to live or online gambling, U.K. TV broadcaster Channel 5 was recently allowed an exception to traditional censorship, Gaming Intelligence reports.

Reality TV show “My Spiral into Debt Hell” features individuals who are experiencing extreme problems with debt. In a recent episode, they featured an online gambler who ran up so much gambling debt that he lost everything—his home, his job, and his family.

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