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
States entertaining the prospect of legalized online gambling within their borders are stepping up efforts to ensure that any prospective digital gambling activity (and subsequent revenue) isn’t lost to unauthorized offshore online gambling platforms.
In the state of Mississippi today — where some lawmakers want to see legal online poker become a reality this year — a proposal has reached the state legislature for consideration that, if passed into law, would penalize persons who patronize unauthorized offshore markets with either jail time or a hefty financial slap on the wrist.
Per the terms of the proposal outlined by CardPlayer, “poker players who are caught having accessed offshore poker sites instead of, or in addition to, those licensed and regulated by Mississippi could face up to 90 days in county jail and/or a $10,000 fine.”
Posted in Announcements, News, online gambling, Online poker
California’s got company. The Golden State has long been considered the most likely state to next regulate and permit online gambling within its borders. But if the nascent efforts by two other states progress quickly, one or both may beat California to the punch in joining Delaware, Arizona, and Nevada as the only states to legalize online gambling.
In short, some lawmakers in Mississippi and Washington are finally ready to take real action to bring online gambling to their respective states.
Mississippi Representative Bobby Moak recently introduced the Mississippi Lawful Internet Gaming Act Of 2015, a bill that, upon its passage, would usher in the era of iGaming for his state. Whether or not the bill will pass and become law is another question. But the debate is happening as we speak, and efforts to legalize online gambling in Mississippi are moving forward.
Posted in Announcements, Casino industry, Gaming industry news, News, online gambling, Online poker
Lottery officials in the state of Delaware have released their November revenue numbers which show a 42% increase from October.
Yes, you read that correctly. It’s a rare glimpse at good news in the world of online gambling in one of only three U.S. states that allow online and mobile gambling.
Collectively, PokerUpdate summarized in a review of the comprehensive data, Delaware Park, Dover Downs, and Harrington Raceway took in $184,898, ranking as the fourth best month since November 2013 when the switch was flipped on online gambling.
Posted in Announcements, News, online gambling, Online poker
According to the Las-Vegas Review-Journal, Sen. Harry Reid said that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker.
“I think there will be efforts made to get rid of the Wire Act,” Reid is quoted in the report.
Billionaire casino owner, Sheldon Adelson, is an opponent of Internet wagering, and there was a failed effort to lobby House and Senate leaders to place a prohibition on online gambling into a year-end spending bill. But Adelson may still get what he wants in the end.
Posted in Announcements, News, online gambling, Online poker, Regulations