A good debate lies ahead for the gaming world in the Garden State, MGW learned Monday in a release from ECGC.
A referendum on the New Jersey ballot that could authorize casinos in northern New Jersey is a focal point at the 20th annual East Coast Gaming Congress and i-Gaming Institute, to be held May 25-26 at the new Waterfront Conference Center at Harrah’s Resort.
The panel, titled “Atlantic City … and North Jersey? What’s Best for New Jersey?,” will be moderated by respected journalist John Brennan of The Record.
Posted in Announcements, Casino industry, Gaming industry news, News, online gambling, Online poker
Not surprisingly, the PokerStars Coalition is standing behind efforts to usher in the era of legalized online poker in the State of California.
The announcement comes as the California Assembly Governmental Organization Committee will hold next week an informational hearing on an online poker bill (AB 2863) that’s up for consideration.
Ahead of the weekend the PokerStars coalition sent a resounding letter of support to the legislator (Adam Gray) who introduced AB 2863.
Posted in Gaming industry news, online gambling, Online poker
Indian Country is reporting that California Assemblyman Adam Gray is ramping up efforts to regulate and legalize online poker in the Golden State.
Gray’s assembly bill (AB) 2863 was “quickly met with support by California Nations Indian Gaming Association (CNIGA) Chairman Steve Stallings,” the report notes.
The key differential from past bills: California’s horse racetracks would be excluded from operating in the poker industry, and in exchange would receive up 95 percent of the first $60 million collected with the other 5 percent going to the State Treasury.
Posted in Gaming industry news, Online poker
According to the latest data out of the Garden State, the online poker market is heating up in New Jersey.
“The New Jersey online poker market has exhibited four consecutive months of growth,” US Poker reported today.
Per the newest financials dished by the NJ Division of Gaming Enforcement, Party/Borgata and WSOP/888 taked in a combined $2,151,232 in January, “marking the first time the industry has generated upwards of $2 million since March of last year,” the report notes.
Posted in Casino industry, Gaming industry news, Online poker
One thing that all casinos that have launched regulated online gambling in the United States can agree upon, is that revenues have fallen short of projections. Although projections are not being met Real Gaming — an online gambling provider — is optimistic.
Initially there were three casinos in Nevada that offered legalized and regulated online poker, but now only Caesars and South Point remain, according to VegasInc. In fact, Ultimate Poker abandoning their online poker operation gave both Caesars and South Point an additional boost in their online gambling revenues.
Posted in Announcements, Gaming industry news, News, Online poker
In a recent announcement, Pokerstars shared that they have partnered with 5 California casinos to create a consumer coalition designed to encourage a fair and open online poker and online gambling marketplace.
The coalition is titled Californians for Responsible iPoker, and currently includes PokerStars, the Morongo Band of Mission Indians, the San Manuel Band of Mission Indians, and the Commerce, Bicycle and Hawaiian Gardens cardrooms.
The timing of the coalition is also relevant, as Flushdraw notes. Its launch comes directly after California’s Viejas Band of Kumeyaay Indians released radio ads referring to PokerStars as “con men” and “scam artists.”
Posted in Announcements, Casino industry, Gaming industry news, News, Online poker
Pennsylvania State Senator Sean Wiley recently announced that he will soon be submitting a new bill related to both online and off-line gambling. The bill aims to make some intriguing changes to the current gambling policies.
This week, USPoker offered a detailed summary of what the bill would mean for the state.
Posted in Casino industry, Gaming industry news, News, online gambling, Online poker
Billionaire casino mogul Steve Wynn continues to hold his ground on his stance with online poker. To be specific, Wynn is against online poker that uses real money. If someone wants to gamble by playing poker, Wynn would rather them to do it in a brick and mortar casino (preferably one with his name on it) instead of online.
A bill banning online gambling is being pushed through Congress. However, there are certain parts exempt from the bill. One example is person-to-person poker, which is already a big hit in Nevada. Because it is already in existence, it would be exempt. Lotteries would also be exempt because they are state-run.
Posted in Casino industry, Gaming industry news, online gambling, Online poker
Bitcoin hasn’t had a great new year so far, but the digital currency has staying power, according to poker site owners who think that despite its roulette wheel ups and downs, it’s here to stay.
They have a vested interest in Bitcoin, too. At least 140 online betting sites (and 10 platforms offering web poker) allow players to use the digital Bitcoin. Industry analysts estimate that more than 50 percent of worldwide Bitcoin transactions are made on gambling sites. It has become a market worth billions.
If the price of Bitcoin drops, are poker sites hurt? Not a bit, according to one expert.
Posted in News, Online poker
A new online poker site is about to launch into the mainstream. The site, called Get Lucky Poker, is brought to you by poker pro Michael ‘The Grinder’ Mizrachi. Currently, it is in the beta test stage and will go live soon according to the company’s Twitter account.
Get Lucky Poker will only be using Bitcoin as their form of payment, making it unique to the market. Bitcoin is an online form of currency, which is redeemable to purchase items from an online catalogue. With Bitcoin, you can purchase items as diverse as cheap wines to expensive art pieces.
To entice people to join, Get Lucky Poker is adding some grand opening bonuses. One bonus is earning 50% of the “Bad Beat Jackpot” if your opponent has aces full with kings or better. Those who join will automatically earn one Bitcoin, which is currently valued at $289.92. Lastly, frequent players who are on one of the five tiered leader boards can earn a rakeback of approximately 25%.
Posted in Announcements, News, Online poker