Archive | Online poker

Online Gambling Giants in an Empire State of Mind

Online Gambling Giants in an Empire State of Mind 300x300 Online Gambling Giants in an Empire State of MindMany states are still weighing the pros and cons of legalizing online gambling, the state of New York is one of them. With nearby New Jersey having already legalized online gambling, many New Yorkers wish they had the same privileges as their Garden State neighbors.

It is estimated that residents of the state of New York already spend around $110 million per year in illegal online poker. If illegal gaming is transferred to legal gaming, it could generate an additional $50 million or more each year in gambling tax revenue (and this number does not include tax revenue generated by new online gamblers).

Not surprisingly, the big boys of the gambling world are now in an Empire State of mind.

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PokerStars Finds a Potential ‘In’ Back Into The US Online Gambling Market

PokerStars Finds a Potential In Back Into The US Online Gambling Market PokerStars Finds a Potential In Back Into The US Online Gambling MarketPokerStars is a globally recognized online gaming giant that dominates 54% of the global online gambling industry.

In an unexpected move, Amaya Gaming Group acquired PokerStars, a strategic move to consolidate the online and live gaming industry.

The acquisition did not come cheap at $4.9 billion dollars. And while PokerStars comes with global online gambling brand recognition, they also come with some baggage.

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PokerStars Prepares UK Gamblers For The Upcoming Changes To Online Gambling

PokerStars Prepares UK Gamblers For The Upcoming Changes To Online Gambling 300x177 PokerStars Prepares UK Gamblers For The Upcoming Changes To Online GamblingThe Gambling Licensing and Advertising Act 2014 is soon to go into effect in the UK, and online poker room PokerStars is taking a proactive approach by letting gamblers know what to expect ahead of time.

When new and existing gamblers login to PokerStars, they will be met with a memo that helps them understand the new law and how it applies to them.

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WSOP Celebrating, Marketing Milestone Anniversary

WSOP Celebrating Marketing Milestone Anniversary WSOP Celebrating, Marketing Milestone AnniversaryOne year ago, WSOP.com added Caesars Interactive Entertainment to their family. This addition allowed a very profitable launch of a Nevada-only online poker game that allows real money play.

With this announcement, WSOP.com took online poker playing by storm. According to Pokernews.com, “Following Ultimate Poker’s entry into the newly-regulated online poker market in late April 2013, WSOP.com swiftly overtook the lead in real money online poker traffic in Nevada by early November, albeit among a modest-sized player base.”

Howard Stutz, a writer for the Casino City Times, recently explained how WSOP.com has maintained their leading role in Nevada’s online poker world.

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Online Poker in France is Disappearing

Online Poker in France is Disappearing Online Poker in France is DisappearingFrench online gaming regulator ARJEL has announced that online poker playing is effectively disappearing.

According to Cardchat.com, ARJEL says that online poker, “Is a fad and that it’s ‘over,’ based on numbers indicating that active accounts continue to decline. In a public report issued by ARJEL President Charles Coppolani, who recently stepped into the position, poker was deemed to be ‘too complicated’ for younger players.”

Many factors contributed to France being in this state.

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Zynga Ready to Mount its Comeback

Zynga Ready to Mount its Comeback 300x175 Zynga Ready to Mount its ComebackZynga is attempting to pick itself back up by the bootstraps and retrace its steps back to previous glories.

“Financially, the company is in pretty bad shape,” Blackjackchamp reports. “Stock prices have dropped almost 80% since 2012, when they peaked at $14.”

Not to worry just yet, however.  Zynga has made some new upgrades in hopes of saving their company. Zynga, for example has introduced a revamped poker app, which is available for iOS and Android.

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Online Poker is a Hop, Skip, and a Jump Away for California

Online Poker is a Hop Skip and a Jump Away for California 300x225 Online Poker is a Hop, Skip, and a Jump Away for CaliforniaAhhhhh! California! Surf…sand…and poker?

So, California is one of the next states trying to get online poker legalized. Compatiblepoker.com interviewed Mitch Garber, President and CEO of Caesars Acquisition Company. “Garber was asked about his predictions regarding the progress of legislation next year, and the bottom line is that he is very optimistic that we should be seeing online poker in the Golden State by 2015.”

Now, is this a done deal? Not until a consensus is built with the Native American Tribes that are working on a solid bill to satisfy all parties in California. Says Garber, “I think that the tribes have come a long way, actually, in some forms of consensus even though it fell apart.”

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PokerStars and Friends Get Knocked Down But They Get Up Again!

PokerStars and Friends get Knocked Down but they Get Up Again 300x193 PokerStars and Friends Get Knocked Down But They Get Up Again!Well, just like the famous song Tubthumping from the band Chumbawamba, “they got knocked down but they got up again. You ain’t ever gonna keep them down.” Specifically PokerStars and their partners who are trying to push for the legalization of online poker gambling in California.

Now, this in no way means that the battle to get online Poker in California is over. According to onlinepokerreport.com, they stated that, “Following news that California lawmakers were shelving an online poker push for the session, PokerStars and its partners released a statement stressing their continued commitment to bringing regulated online poker to the Golden State.” Robert Martin, Morongo Band of Mission Indians Tribal Chairman, added, “We have been working on this issue for five years now and while we were optimistic that a suitable bill would move forward in 2014, we’re in this for the long haul and we’d rather do it right than have a bad bill.”

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Online Poker Picks Up Steam Thanks to Clever Marketing, WSOP Hype

Online Poker Picks Up Steam Thanks to Clever Marketing WSOP Hype 300x164 Online Poker Picks Up Steam Thanks to Clever Marketing, WSOP HypeWith the addition of legalized online gambling in Nevada came the dream of finding a way to link online and live gambling in a way that would increase revenues like never before. During the most recent World Series of Poker (WSOP) at Rio, online poker broke the $1 million dollar mark for the month of June, Las Vegas Review Journal confirms.

While the main event was a live tournament, online poker revenues were up 40 percent—showing that the live coverage of WSOP and the buzz around the event provided the inspiration to play. Now that it is clear that live events can stimulate a significant boost in online poker, more avenues are being explored to help the two support each other’s growth.

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The Opposition to Already Legalized Online Gambling Rages on

 The Opposition to Already Legalized Online Gambling Rages onAlthough legalized online gambling has already arrived in the U.S., efforts to reinstate the ban are still going strong. Some of those most vocal about their opposition are prominent lawmakers, including Sen. Lindsey Graham (R-SC) and Rep. Jason Chaffetz (R-Utah).

Other opponents are bit more surprising, such as Las Vegas Sands CEO Sheldon Adelson.

Collectively, their goal is not only to restore the Wire Act and reinstate the online gambling ban, but they are raising substantial funds for their efforts to undo the burgeoning regulated online gambling market. While only 3 states (Nevada, New Jersey, and Delaware) have legalized online gambling, at least 7 other states are seriously weighing its benefits, and plan to roll out their new online gambling programs within a few years – if not sooner.

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