New Jersey Senate Panel Approves Bill To Allow Foreign Online Gambling Companies To Do Business

Atlantic CityA New Jersey Senate panel has approved a bill that would allow foreign online gambling operators to base their operations in the state. Once licensed and partnered with an existing Atlantic City casino, the companies could then offer gambling, as well as online poker, in countries where it is legal.

The measure, introduced by Sen. Ray Lesniak, has a chance to revitalize struggling Atlantic City as an online gaming hotbed.

“This could help make New Jersey the leader in online gaming, across the country and around the world,” said Lesniak in a statement. “We could be the Silicon Valley for high-tech gaming.”

Any products offered by these foreign operators would also be subject to New Jersey’s existing 15 percent tax rate, minus any taxes given to other countries for their resident’s play.

New Jersey recently revised their online poker market projections from the online gambling industry and is now on pace to collect $34 million in tax revenue. Any business brought in from off-shore operators would only help to improve those numbers.

 

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New Jersey Revising Tax Estimates For Online Gambling

The New Jersey online gaming industry has been steadily growing since its inception in late November of last year.

Despite this, the state is revising some of its projections on tax revenue from the new games. To put it simply, some predicted that the games would be more lucrative right off the bat than they have proven to be.

Early predictions were that more than $1 billion would be reaped by the casinos from online gambling during fiscal year one. That would have netted the state around $180 million in extra tax revenue.

According to the most recent reporting from The Star-Ledger, the state now estimates that an extra $34 million in tax revenue will be collected from the casino industry and put into state coffers, thanks to the online games and whatever positive effects they have on brick-and-mortar action, in the fiscal year ending in June.

Just last week, the state said that casinos incurred $15.9 million in gaming taxes for February, reflecting eight percent of taxable casino gross revenue and 15 percent of Internet gaming gross revenue. Online gaming revenue for the month crossed the $10-million mark.

“We were told by industry at the time that the introduction of online gaming would help energize Atlantic City’s ongoing recovery,” state Treasurer Andrew Sidamon-Eristoff said last month, reported the Star-Ledger. “We’re pretty bullish on this in the medium-to-long term. But clearly, this hasn’t met our expectations for the first fiscal year.”

Nearly $3 million in tax revenue has come from online gambling alone from late November to the end of February. Hence, the massive revision down from the $180 million.

Atlantic City has 11 casinos now, after one closed earlier this year.

More than $5 billion in casino revenue was recorded in a record-setting 2006 for Atlantic City, but now the casino industry is sized at less than $3 billion.

In addition to New Jersey, Nevada and Delaware have legalized online gambling.

 

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Online Poker: Galfond, Blom In $240,000 Pot

The biggest pot in March from the high stakes online poker world came yesterday in a vicious match between Phil “OMGClayAiken” Galfond and Viktor “Isildur1” Blom.

The action began with Galfond ($120,000) raising the button to $1,600. Blom ($200,000) three-bet to $5,400, and Galfond made the call. The flop fell JClub Suit 3Diamond Suit 2Diamond Suit.

Blom fired $7,200, and Galfond just called.

The 7Spade Suit landed on the turn.

Blom barreled again, this time for $16,800. Galfond made it $75,600. Blom elected to put the Maryland native all-in for around $32,000 more. Galfond, of course, made the call.

The cards were tabled, and Blom held the ASpade Suit AClub Suit KDiamond Suit QDiamond Suit, while Galfond exposed the JHeart Suit 9Heart Suit 7Heart Suit 4Heart Suit. Blom had the commanding lead on the flop, but the turn gave Galfond two pair. According to Card Player’s pot-limit Omaha odds calculator, Galfond’s hand holds about 65 percent of the time. The pair elected to run it twice, however.

The first river was the QClub Suit, which was safe for Galfond. The second river brought 10Heart Suit — also a card that was not what the Swede needed.

Galfond raked in the massive $240,000 hand.

Despite losing that hand (also the sixth largest so far in 2014), Bloom managed to be up around $300,000 when the match against Galfond was over, according to HighstakesDB.

As of Monday, Blom was up around $1 million on 2014, while Galfond was in the hole nearly $1.2 million. Their match together this weekend reportedly lasted 12 hours.

They were playing four tables of $300-$600.

 

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High-Stakes Online Poker: Dan Cates Wins $1.1 Million In Seven Days

Massive limit deuce-to-seven triple draw games have been running on Full Tilt Poker recently, resulting in some big wins for well-known poker pros.

Dan “jungleman12” Cates has benefited the most, adding tons to his already solid upswing. Over the past seven days on Full Tilt, he’s up $1.1 million. This month he’s up $1.6 million.

His leads the high-stakes online poker world with nearly $2 million in earnings on 2014.

Cates is now in the black $9.3 million lifetime on Full Tilt Poker. Over at PokerStars, he’s up around $370,000. He has played around 475,000 high-stakes hands between the two sites.

The Maryland native, who plays over in Europe these days thanks to U.S. poker restrictions, was recently united with millions locked up in his Full Tilt Poker account. He received an ACH deposit from the government in the amount of what was in his account when the site shutdown in 2011. Cates had the most stuck out of any of the victims of old Full Tilt.

The other big winner in the $1,000-$2,000 limit deuce-to-seven triple draw games has been kagome kagome, a high-stakes pro from Germany. He won around $920,000.

On the flop side, Viktor “Isildur1” Blom dropped $1.2 million over this past week. Russian Alex “PostflopAction” Kostritsyn managed to lose $783,000 during the span.

Blom had once been in the black more than $2 million in 2014, but now he’s in the hole around $175,000. He’s down $1.8 million lifetime on Full Tilt.

The big draw games saw the return of Phil “OMGClayAiken” Galfond, who hadn’t played at all this year until March rolled around. He is down around $185,000 this month.

Gus Hansen had been on a solid upswing this month, but the past few week or so hasn’t been too great for him. He’s back to approaching $16 million in losses lifetime on the software.

Figures via HighstakesDB. Image via PartyPoker.

 

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U.S. Lawmaker Wants To Ban Online Poker

Another lawmaker on Capitol Hill wants to put a restriction on Internet gaming.

According to GamblingCompliance, U.S. Sen. Lindsey Graham — a Republican from South Carolina — said he is currently working on sponsoring federal legislation that would seek to ban all forms of Internet gambling. In other words, web poker would be outlawed.

Graham’s plans are more intense than a proposal that was tentatively pitched by Nevada Sen. Dean Heller, also a Republican. Heller would like to see a ban on Internet gaming, but with an exception made for poker — a game with a large skill component.

A bill from Graham reportedly would seek to restore the Wire Act’s control over web gaming. In December 2011, the Department of Justice issued a revision of sorts on its interpretation of the law, saying that states could pursue online gambling on their own turf.

Three have done so thus far.

Casino boss Shdeldon Adelson, a huge Republican donor, is fighting to stop the spread of online casino games in the country. He said he’s worried that online betting would hurt the brick-and-mortar side of things. Las Vegas Sands is the largest casino developer in the world.

It has been speculated that lawmakers opposing online gaming could gain favor with Adelson, who has pledged to spend “whatever it takes” on the issue.

Odds of any federal bill banning online gaming are remote, though. The reason? Because some states are already realizing legitimate revenues from the activity. Trying to put a stop to those industries would be almost impossible politically.

 

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Online Gambling Expert: California Has Best Odds To Legalize Web Poker In 2014

Despite it being an election year in the Golden State, online gambling expert Chris Krafcik thinks it has the best chance, among other U.S. states, of getting something done in 2014 with regards to web poker. Krafcik is the Research Director (North America) for GamblingCompliance and for years has been monitoring developments there.

Right now, just Nevada, New Jersey and Delaware have legal — and operational — online wagering. Others are considering it this year, but in many spots the chances appear low.

California is home to the nation’s top tribal casino industry, and Krafcik said that if they can figure out the nuts and bolts of how online poker would work for the industry there at large, something could advance rather rapidly, as opposed to bills stalling in the legislature, like they have in years past. Momentum does seem to be building.

Card Player had the chance to speak with Krafcik about California’s chances this year, as well as a handful of other topics related to online gaming in the United States.

Brian Pempus: First off, what impact do you think Sheldon Adelson’s anti-web gaming efforts could have on the state level?

Chris Krafcik: Las Vegas Sands is majority-owned by one of the world’s wealthiest men, which means that it can well afford to spend aggressively at the state level to advance its policy agenda. I think the company is likely to have the most success in the two states in which it operates casinos: Nevada and Pennsylvania. Lawmakers and regulators in those states will be inclined to consider the company’s position on Internet gambling because it has skin in the game. By “skin in the game,” I mean the company’s casinos and the jobs and tax revenue they generate. But in other states — say, California or Illinois — the company is less likely to have success chiefly because it does not have skin in the game. So, while the company is positioned to slow or stall the progression of Internet gambling legislation in Pennsylvania or the expansion of Internet gambling in Nevada, it will likely find that task more challenging in other states where it has no casino presence to leverage.

By way of background, Nevada legalized Internet gambling — or “interactive gaming” — in June 2001. The law authorized the Nevada Gaming Commission, with the advice and assistance of the Nevada Gaming Control Board, to adopt regulations governing the licensing and operation of interactive gaming, including the types of interactive games operators may offer. NRS 463.750(1). Currently, operators may not accept or facilitate a wager on “any game other than the game of poker and its derivatives.” Regulation 5A.140(1)(a). This year, however, the Commission and the Board will likely consider whether to expand the types of interactive games operators may offer to include slot games and table games. All this to say that I expect Las Vegas Sands to lobby against any such expansion.

BP: Which state do you think is most likely to legalize online gaming this year and why?

CK: California. If the state’s fractious but politically powerful Native American gaming industry can agree to a consensus Internet poker bill, tribal lobbyists expect that it will move quickly. The bill-passage deadline there is August 31.

BP: Do you think Rod Wright’s conviction will have an impact on California online poker efforts?

CK: In some ways, yes. In others, no. In Sacramento, Senator Wright was considered the most educated lawmaker on Internet poker issues. Some in the Legislature feel that without a politico as knowledgeable as Wright advocating on behalf of the state, whatever Internet poker bill eventually passes could lean too heavily in favor of its Native American gaming industry. Consideration of Internet poker legislation is set to continue without Wright at the helm. Ahead of the February 21 bill-introduction deadline, two lawmakers, Assemblyman Jones-Sawyer and Senator Correa, have signaled their intent to introduce legislation.

BP: Do you think the initial NJ revenue figures will in some way help other states in their respective deliberations on the online gaming issue?

CK: Because the New Jersey market is less than three months old, I think lawmakers in other states will be paying closer attention to the efficacy of geo-location and consumer-protection technology than to how quickly or slowly the market is growing on a monthly-sequential basis.

BP: When do you see a compact of some kind being formed between Nevada, New Jersey and Delaware, or any combination of the two?

CK: That is very difficult question to answer, but my best guess is not for a while. For now, regulators in Delaware, Nevada and New Jersey are focused on proving out their intrastate Internet gambling rules and systems. Even after those rules and systems are proven out, though, there is still the very tricky matter of reconciling one state’s with another’s. To put a number on it: years, not months.

BP: What do you make of Steve Wynn sort of backtracking on his online gaming plans?

CK: Given Wynn Resorts’ exposure to explosive growth in Macau, and with its second casino set to open there in 2016, the company is not nearly as reliant on the U.S. Internet gambling opportunity as some of its rivals are. In light of that, Mr. Wynn can well afford to take his time.

BP: Do you think New Jersey will become the online gaming hub that Ray Lesniak envisions?

CK: Senator Lesniak is among the most forward-thinking lawmakers in the country on Internet gambling issues. He is also a very tenacious fellow. If he wants New Jersey to become a national regulatory hub for Internet gambling, there is certainly reason to think it could happen. At this stage, though, his bill, S980, which would authorize so-called “interstate and foreign Internet wagering,” has not attracted much interest from the Atlantic City casino industry.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Former Congresswoman To Fight Against Potential Federal Ban Of Online Poker

There likely won’t be any passage of legislation that would legalize nationwide — or ban nationwide — forms of Internet gambling. For one, a few states are already realizing those revenues and Congress would surely not put an end to those revenue streams. Since the states are already venturing out on their own, there is less of an impetus to push through a bill to make it legal nationwide. Not to mention, the issue is pretty controversial and there have always been more pressing matters for Congress to look at.

Despite all of this, one group led by Sheldon Adelson is pushing a federal ban on the web games. Those efforts reportedly have prompoted a former Congresswoman to join a group that will oppose the opposition to online gaming. Mary Bono, who represented Californians, is teaming up with Mike Oxley, a former Congressman from Ohio, to lead the “Coalition for Consumer and Online Protection”, which will try to protect online poker from said ban.

These developments are according to The Desert Sun.

The battle is expected to be costly for both sides, with Adelson saying he would spend whatever it takes to thwart, or at least delay, online gambling in the U.S.

Bono’s group, known as C4COP, reportedly has said that “an online gaming ban simply would not work,” since it would limit states’ rights and would “stifle innovation and growth.”

“Congress can neither legislate the Internet away, nor consumer demand for online products. We need to do all we can to make sure that the Internet is a safe place for businesses, consumers, families and children,” Bono said in a statement.

“I am proud to be a part of the Coalition for Consumer and Online Protection to make sure that people know the risks behind implementing such a ban.”

As a lawmaker, Bono was also involved with past online poker discussions on Capitol Hill.

C4COP is backed by MGM Resorts International, among others, according to Politico.

 

 

 

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Online Poker: Blom Up $1.8 Million In 2013

One other stable week for Viktor “Isildur1” Blom resulted in him padding his earnings on the 12 months to $1.8 million, according to data from HighstakesDB.

Blom’s latest profits came at the pot-limit Omaha and the restrict deuce-to-seven triple draw tables. He was enjoying the likes of Ben “Bttech86” Tollerene and Niklas “ragen70” Heinecker.

The Swedish Blom is thought for being the catalyst for the high-stakes video games.

Tollerene is the second greatest winner this yr with $1.4 million in earnings. Heinecker was final yr’s top earner, but opted out of having his outcomes tracked this year. Tollerene and Blom have truly been alternating backwards and forwards for the 2014 lead.

Different big winners this yr embrace some of the game’s greatest.

Viktor “Isildur1” Blom — $1,788,430 Ben “Bttech86” Tollerene — $1,407,660 mikki696 — $594,290 Doug “WCGRider” Polk — $577,897 Isaac “luvtheWNBA” Haxton — $393,494 Dan “jungleman12” Cates — $274,891 Bryn “BrynKenney” Kenney — $234,425

The listing of losers on the year has remained pretty consistent, with Full Tilt Poker pro Gus Hansen leading the way like usual. He’s down more than $sixteen million lifetime on the software.

Gus Hansen — $1,375,906 Alex “IReadYrSoul” Millar — $660,221 SanIker — $305,705 Patrik “FinddaGrind” Antonius — $303,590 Ben “Sauce1234” Sulsky — $195,283 Martin Kabrhel — $149,372 pummelfee123 — $134,198

Sulsky was the biggest winner in 2012, however dropped a ton last 12 months. He has began of 2014 on the unsuitable foot as well. Can he turn things around or have folks figured him out?

 

pensioner Stole €135,000 To Play Online Poker

An elderly man reportedly grew to become so hooked on online poker that he defrauded a fast food restaurant owner out of €135k

Seventy-four-yr-old John Carlos, a former faculty trainer and half-time accountant, admitted in Dublin Circuit Criminal Court to stealing the money from his former employer, Eddie Rockets franchise owner Peter Fortune.

The crimes befell between 2005 and 2008.

Carlos reportedly was dropping huge sums on Paddy Power’s poker site. He fell into debt and couldn’t repay. He is out on bond and shall be sentenced in June.

Once in a while there are headlines equivalent to these. Final fall, for example, a Massachusetts pastor was accused of stealing $230,000 to fund his gambling behavior. A nun in the state of New York not way back received 90 days in jail for stealing $one hundred thirty,000 to fund her betting. Also, a outstanding rabbi in the Chicago space was busted for trespassing and id deception for casino playing even after self-excluding himself, but those charges were dropped.

And then there are tales of the super wealthy blowing hundreds of millions of dollars.

In November, a brand new examine shed some mild on the decision making of playing addicts.

Massachusetts Lottery Wants To Test Free-Play Online Poker

On Tuesday, lottery officials in the state of Massachusetts reportedly asked lawmakers to say OKAY to it testing the viability of offering Internet gambling.

Massachusetts is in the middle of determining who ought to be able to build new Las Vegas-style casinos in the state, one in three geographical regions.

“We are not proposing to supply these video games to our gamers with an actual cash transaction, nor are we in search of any appropriation to fund such operations,” Lottery Assistant Govt Director Beth Bresnahan instructed the Committee on Shopper Safety and Skilled Licensure, in accordance with reporting from State Home Information Service.

“Moderately, within the pursuits of preserving and defending the Lottery, we simply want to be sure that we have a solid understanding of the know-how and logistics of online gaming should this market area become extra aggressive. Current regulation doesn't permit us to conduct such experimentation.”

In different phrases, free-play video games would need to be legalized for the lottery.

Late final year, the state’s high gaming regulator stated the following on the subject of real-cash on-line playing within the state: “We even have taken the position that Massachusetts shouldn’t do something in online playing until our bricks-and-mortar persons are selected as a result of they ought to be on the table once we do that. You may’t anticipate anyone to offer us $85 million after which spend a billion to construct a facility and change the rules of the game on them a 12 months or two down the highway.” On-line poker in Massachusetts is probably going years away.

 

Conference To Focus on California Online Poker

Online poker in California almost definitely isn’t coming this 12 months, but that gained’t stop a number of the industry’s leading figures from discussing its future in the Golden State.

The inaugural iGaming Legislative Symposium, to be held Feb. 27, 2014 in Sacramento, will “determine the crucial issues regarding the legalization of online gaming in California, and discover potential options and success scenarios which can be applicable to jurisdictions nationwide,” based on a press release.

California is the nation’s most populous state. It additionally has the biggest tribal casino business out of any within the nation.

The announcement added that the symposium will study the important thing policy choices that shall be considered in California in 2014 for on-line poker.

Trade experts corresponding to Geoff Freeman, President and CEO , American Gaming Affiliation; Mark Macarro, Chairman, Pechanga Band of Luiseno Indians; and Richard Schuetz, Commissioner, California Playing Control Commission, will discuss topics similar to:

What can California legislators, regulators, and operators count on with the pending legalization of online playing? What are the political pitfalls and opportunities for making iGaming a reality in California? Who are the stakeholders that may participate in working California iGaming? What are the potential regulatory options and how are effective regulatory regimes developed? How ought to California construction its iGaming tax policy and what is the only coverage?

Right now, just Nevada, Delaware and New Jersey have authorized online poker.

 

 

Most States Seem To Be Implementing ‘Wait-And-See’ Approach To Online Poker In 2014

There are just three states with legalized and operational online poker — Nevada, Delaware and New Jersey. It seems very attainable to remain that means when 2014 winds to a close.

The aforementioned three have on-line poker industries of their infancy, which implies sturdy revenues have but to be realized. It’s unclear how much Nevada or Delaware have seen in on-line poker revenue, however New Jersey did lately launch some figures on its fledgling system.

The sentiment among the many remaining states in the nation with some propensity to authorize gambling appears to be a wait-and-see approach. In any case, it’s much simpler to push a bill by means of when different states have sorted via any hiccups with their games. It’s also incredibly priceless to have the ability to more precisely estimate what revenue would seem like.

We’ll start with what is perhaps the state most certainly to legalize online poker in 2014 — Pennsylvania. In Might, the state may have its research completed on the industry and a proposal is already in the works from one lawmaker. Pennsylvania, now the nation’s number two business on line casino market, has in recent times turn out to be very open to expanded gambling.

Illinois, which has a web-based lottery that has expressed curiosity in offering Internet gaming, has prior to now been considered a critical participant within the online poker debate. But those talks have quieted down over the previous yr or so. The state has rejected calls for expanded casino playing, and even said negative to a proposal to keep casinos there open 24 hours. Thus, online poker might be unlikely there this yr, given the political local weather.

Louisiana, which last yr made some effort to review online poker, in line with reports may have an internet poker bill hit the legislature this yr. Nevertheless, even if so, given the truth that there’s not a history of online poker makes an attempt in Louisiana, there could possibly be an absence of momentum.

California, the most populous state within the nation, has been residence to many attempts over time at legalizing online poker. While momentum seems to have been constructing, 2014 is unlikely to produce any fruit for the trigger, as it's an election year. Since online poker is a sensitive subject it most likely received’t be legalized throughout such a political local weather.

Regardless of a small population, the state of Iowa has been energetic in the on-line poker debate over the recent years. Some lawmakers there have failed to get any traction on their proposals to authorize on-line poker, and 2014 looks as if a long shot as well, in line with reporting from The Globe Gazette. Like others, the state is taking it gradual and ready to see how issues play out elsewhere.

Playing expansion is on the agenda in Florida, however there’s simply a lot happening with regards to brick-and-mortar playing that online poker appears far off the radar for officials in the Sunshine State. The large subject in Florida is whether to authorize large on line casino-resorts in or round Miami. Florida liberalized its stay poker guidelines not way back, too.

The identical idea possible applies to states like New York, Maryland and Massachusetts. They're all very much involved with brick-and-mortar gambling expansion and seem very unlikely to authorize on-line poker in 2014. Maryland’s lottery director advised Card Player late final yr that his state will “regulate” New Jersey’s web games. Maryland also lately legalized reside table games, so it is sensible it will see how those go first for awhile earlier than attempting the Web.

Ohio has been rumored to be a participant within the U.S. on-line poker market (Rock Gaming’s Dan Gilbert even owns a piece of Caesars Interactive) and its first wave of new casinos has been accomplished, but it also appears unlikely for online poker legalization within the Buckeye State in 2014. The previous playing enlargement that went through the legislature is simply too current.

With a large population and being in the title of poker’s hottest format, the state of Texas also looks as if a close to impossibility for online poker in 2014. Regardless of years of effort, poker supporters within the state can’t even legalize dwell business poker rooms.

Mississippi has been residence to makes an attempt at online poker, but proposals have in a short time died in the legislature there up to now. According to studies, the controversial situation there's extremely unlikely to realize any ground during 2014, although there will be some discussion.

Taken as an entire, the U.S. is slowly inching again into the net poker realm, after the main offshore operators had been booted in April 2011. Poker fans are eagerly ready.

Even if no state legalizes in 2014, it’s a safe bet to say that issues can have advanced to the point the place 2015 would include a whole lot of promise for U.S. on-line poker.

 

U.S. Online Poker Market Could Be $2.2 Billion A Year Under Nationwide Industry

Legalized online poker is slowly, but certainly, coming to the United States. Proper now, three states — Nevada, New Jersey and Delaware — have on-line poker up and operating in their respective borders. Extra are anticipated within the close to future (maybe none in 2014, though).

While the poker boom, which started around a decade ago, has ended, the U.S. on-line poker market could be set for a comeback. Card Participant had the possibility to speak with Dr. Kahlil Philander of the University of Nevada Las Vegas, who has done research on the dimensions of the U.S. on-line poker market, to speak about a number of the issues that might be in retailer.

Brian Pempus: Are you able to talk about some of the estimates of the U.S. on-line playing market?

Kahlil Philander: Nicely, my research has solely been with on-line poker. As for on-line gaming in general, my take is that there are lots of numbers on the market which can be in all probability overly optimistic normally. And that’s in all probability fairly in keeping with what we’ve seen come out of New Jersey, just so far as the tip of November and full December numbers, which were the primary actual test of a population sufficiently big to hold a reasonably-sized poker market and in addition a market that has on-line on line casino video games and online slots. So, I mean that’s sort of a general perspective. But by way of trying to benchmark on-line poker, particularly, and evaluating it to the place the market was beforehand, I actually suppose that if there was widespread adoption of legal on-line poker the market will surely be larger than the earlier peak, which was kind of the submit-UIGEA , however pre-Black Friday, period. For those who go by PokerScout’s numbers, that are considered the most effective within the enterprise…you can simply exceed that by quite a bit.

BP: Do you have got an estimate on the scale of the U.S. market if on-line poker was authorized in every single place?

KP: If there was a nationwide network, my forecast was around $2.2 billion through the first yr. That’s assuming there could be liquidity between all these players. If somehow Congress handed a bill or each state legalized it simultaneously on their very own and had compacts.

BP: There was some indication prior to now that California, with the biggest population of any U.S. state, might want to isolate itself and have its personal on-line poker industry and not share liquidity with one other state. Do you assume this could be viable for California?

KP: They're a big enough state to the place they might create a viable community on their own, however they would all the time profit from permitting people in from other areas and other time zones to additionally take part. However there’s some protectionistic ideas behind them kind of taking that strategy. One of the issues with interstate offers is the place do the servers must be situated. There are a certain variety of jobs related to that infrastructure, so there’s an curiosity in having that within your own borders. So part of this is politicking and trying to reap the financial advantages. In the event you actually look at it by way of the long run, largely everyone can profit from having shared player pools. It’s just the negotiations that should occur within the interim. I’m fairly confident that ultimately that’s the situation that we are going to get to, should these states determine to adopt legal on-line poker.

BP: What kind of timeline would you give for there to be a true U.S. online poker system?

KP: That’s a tough query. Five years in the past loads people thought a national network was going to pop up in a 12 months. It is actually onerous to predict these kinds of things. They do take time. It doesn’t appear to be California, for example, could have something passed in 2014, but you never know. While you attempt to think about playing adoption, and Web gambling adoption particularly, there’s just a few things that may preempt things being legalized or banned. In terms of common gambling, one of many largest issues is whether there is a public revenue scarcity. In order issues get additional and further and away from the monetary disaster — the Nice Recession — that makes less of an impression, nevertheless it actually did assist provide this wave of adoption in Nevada, New Jersey and Delaware. However you also want issues like political motivations, clearly an interest by gamers and other stakeholders. There must be that cultural interest in having playing adopted. So that you wouldn’t see it in Utah or Hawaii. And then the technological infrastructure. So the issue here is that some states may want to sit again and see how things develop in Nevada and New Jersey. See if this geo-location is accurate as they could want it to be, and what hiccups come up. Certainly if New Jersey continues to grow quickly and a lot of income is generated, that will speed up some timelines in different states.

BP: Now, we’ve seen PokerStars exist as an industry leader for quite some time, but they haven’t been capable of achieve access to the United States again yet. Let’s say the agency by no means returns to the U.S., do you suppose it could possibly be dethroned so to speak from its top spot?

KP: It’s hard to say. PokerStars is in a fairly entrenched market position, internationally. There are a lot more markets in Europe…if one or two dominant corporations emerged within the U.S., and worldwide compacts were available and they might farm out and create a world network between their U.S. sites and European websites, actually there may be potential for them to acquire some market share from PokerStars. I imply, yeah it’s possible PokerStars might lose some market measurement, but they do have a variety of good will among the poker community, good software program they usually have already got a large network, which regardless of what occurs within the U.S., is still going to have a whole lot of liquidity. It’s onerous to say there’d be a major threat for his or her enterprise, but projecting out greater than a couple of years is all the time a challenge.

BP: Going together with that, how does the U.S. market evaluate to the worldwide on-line poker market?

KP: The U.S. is the world’s largest financial system. It additionally has widespread Web and broadband access that are type of the two greatest things in determining the worth of a market. I was taking a look at a paper by Ingo Fieder and Ann-Christin Wilcke, known as “The Market for On-line Poker.” Ingo and myself looked at the North American market, but he also looked at kind of the worldwide market, and the market share of the USA in 2010 in poker was 27 percent. It is a huge piece of the puzzle. There are a lot of people in the country, people with discretionary earnings and who have Web entry.

BP: Since most People are conversant in online poker, would you suppose that on-line poker as a share of total on-line gaming income for a U.S. state would shrink over time as folks turn out to be more familiar and cozy with different games on the Internet?

KP: Nicely, some people thought that initially the casino games would be much larger than poker proper out of the gate. In New Jersey, the primary number that came out wasn’t all that much different. On line casino games had a slight lead in general market revenue over poker, however wasn’t that enormous. I feel the big issue in the US shall be whether states selected to undertake all kinds of on line casino games, or whether or not they only undertake poker. That would be the major challenge in terms of how it will get divvied up between the totally different games. But I don’t see poker falling by the wayside as other video games change into extra in style. There's simply nothing that will help that being the case.

BP: Has your research recommended U.S. on-line poker is complementary to reside poker rooms?

KP: I’m fairly satisfied that these two issues are complementary…If you concentrate on it form of is sensible. It’s fairly totally different buyer bases, and motivations, but they are similar video games, so there's a hyperlink. They are actions which are accomplished by totally different people and at totally different occasions. I believe there is some loss within the total gaming world, but it’s almost definitely going to return from offshore operators first.

 

European Online Gambling Regulators Meet

Last week, the fourth informal meeting of online playing regulators befell in Rome, Italy, and so much was covered.

In response to a press release from the Autonomous Administration of the State Monopolies (AAMS ), which is Italy’s regulator, representatives from the authorities of France, Germany, Italy, Portugal, Spain and the United Kingdom converged to talk about “a further enchancment of the knowledge sharing and good practices change among the regulators and developing advice to feed into the European Fee Skilled Group.”

The individuals shared their views on a plethora of matters, together with: regulatory evolution of domestic markets, EU ongoing work on online gambling, the completely different management methods, the alternate of standardized market data, the function of recreation suppliers, the technical requirements and ability games and the authorized issues linked to the alternate of private knowledge.

A notable absence from the matters was sharing on-line playing liquidity throughout Europe.

The next meeting will likely be held next fall in Germany.

 

High-Stakes Online Poker: Gus Hansen Starts 2014 Off By Dropping $700,000

It is exhausting to place into phrases how horrible Gus Hansen was on Full Tilt Poker in 2013. He misplaced a staggering sum of round $8.four million.

To start 2014, he has already dusted off $698,000, based on HighstakesDB.

He began off the yr on a tiny upswing, successful around $200,000, however with most miniature Hansen upswings, it was rapidly adopted by intestine-wrenching defeats.

The “Gus Hansen” display screen name on Full Tilt, which has been in existence since 2005, has now dumped $15,570,941 over 1,383,512 palms, according to the tracking data.

He's a sponsored player by the site, which is now owned by PokerStars.

His account is by far probably the most abysmal within the historical past of on-line poker.

Regardless of the losses, particularly the deficit over recent reminiscence, Hansen continues to play typically and in opposition to the video games best players, grinders reminiscent of Viktor “Isildur1” Blom, Ben “Bttech86” Tollerene and Jens “Ingenious89” Kyllönen. While Hansen used to gamble it up big in pot-restrict games, nowadays he's usually seen at fixed limit tables, albeit still at the highest stakes.

While Hansen has been getting crushed as per typical, Tollerene and Blom have been successful. The Texan is up round $750,000 this year so far, whereas Blom has profits of around $225,000. Each players were among the top earners from 2013.

Dan “Jungleman12” Cates, who was crushing the high-stakes world within the pre-Black Friday days, has began off this year with a strong $115,000 in winnings. He was pretty quiet final yr, profitable just $four hundred,000. He’s up $7.5 million lifetime on Full Tilt.

Joining Hansen on the loser chief board to begin 2014 were Patrik “FinddaGrind” Antonius and Ben “Sauce1234” Sulsky, who had a disastrous 2013 despite being the largest winner from on-line poker in 2012. Perhaps his opponents have figured him out?

 

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New Jersey Casinos See $8.4 Million In Online Gambling Revenue Last Year

There was some good news and a few bad news out of the New Jersey Division of Gaming Enforcement on Tuesday.

Regulators reported that for calendar yr 2013 Atlantic City casinos received $2.9 billion from gamblers, which is a 6.2-percent lower from 2012. That determine has been slumping closely since 2006, when the amount gained from gamblers was $5.2 billion.

The good news is, in fact, that online gambling generated some revenues for a handful of the casinos in the course of the latter levels of 2013. On-line playing hit the Backyard State in November, so it was solely about six weeks of action. Revenues from that interval for online playing have been $8.4 million, the state mentioned. Most predict those games to soon be producing hundreds of millions of dollars, perhaps $1 billion, annually for the state.

Out of the $eight.four million, practically forty percent was from poker, while the remaining 60 percent or so was from all different forms of on-line gambling.

The best grossing on line casino within the city (which now has eleven casinos after the Atlantic Membership shut its doors on Monday) was the Borgata, with $616,969,725 in total gaming win.

That on line casino, owned by MGM Resorts Worldwide and Boyd Gaming, additionally has essentially the most profitable on-line playing enterprise within the state. In reality, Borgata affiliated web real-money video games make up nearly half the entire New Jersey market.

Borgata has teamed up with Bwin.Party Digital Entertainment for the Internet.

No. 2 within the rankings for web gambling was Caesars Interactive. That company won round $2.four million, compared to Borgata’s $three.75 million.

Thus far, around a hundred and fifty,000 online gambling accounts have been created in New Jersey.

In addition to New Jersey, Nevada and Delaware have legalized internet playing.

 

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Tribe In Oklahoma Sues Feds Over Online Poker Site

A tribe located inside the state of Oklahoma has sued the U.S. authorities as a result of it needs to be able to offer on-line poker and the feds have stated not so quick.

The Cheyenne and Arapaho Tribes brokered a revenue-sharing deal with Oklahoma for its pokertribes.com on-line poker web site. The federal authorities objected not to the online poker exercise itself, but to the character of the deal between the 2 parties. In other words, the feds felt that the tribe was getting a uncooked cope with the state.

The tribe and Oklahoma have an current gaming compact for the Fortunate Star Casino.

According to The Oklahoman, the tribe filed the lawsuit late final month in federal court docket in Oklahoma Metropolis. It wants a decide to stop the feds from interfering.

In different words, the tribe has said it doesn’t feel like it is getting screwed. Despite the revenue sharing, tens of millions in revenue are anticipated from the business.

The tribe desires to be able to supply on-line poker to gamers in foreign international locations.

In keeping with the report, the compact would have the tribe “pay the state four percent of the primary $10 million in annual internet income from digital gaming, 5 % of the next $10 million and 6 % of any subsequent amount, plus a month-to-month 10 p.c from non-home banked card games.” The latter refers to poker games.

Pokertribes.com will not be at present providing any video games.

 

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Online Poker’s Winners And Losers From 2013

Niklas “ragen70” Heinecker went on an absurd heater through the fourth quarter of 2013 on Full Tilt Poker to end the calender 12 months up round $6.3 million, which was tops in the on-line poker world, based on monitoring knowledge from HighstakesDB.

By the way in which, he also won another $four.5 million from tournaments.

It’s protected to point to Heinecker as the biggest winner, however after that it’s not possible to offer you any form of top 10 checklist, as numerous high-stakes regulars have opted out of getting their outcomes tracked. They wanted privateness, and HighstakesDB obliged.

At any price, Texas-native Ben “Bttech” Tollerene won nearly $three million throughout 2013, which was by far his best year ever. Tollerene was up that large quantity despite dropping $1.7 million to Viktor “Isildur1” Blom in a single session during in an motion-packed spring.

Ola “Odd Oddsen” Amundsgaard, who defeated a Norwegian politician in a highly publicized heads-up battle in early December, additionally won round $3 million final year.

Brit Alex “IReadYrSoul” Millar had a consistent 2013, winning round $2 million.

Patrik Antonius, who now plays under the screen name “FinddaGrind”, proved but again why he might be one of the best online poker participant in history. He gained $1.7 million last yr in his return to Full Tilt, bringing his lifetime earnings there to at least $thirteen million.

Tom “durrrr” Dwan performed sparingly in 2013, but still managed to win $750,000.

Although he was up greater than $5 million at one level during 2013, Blom managed to end the year with profits of round $580,000. A large six-figure year doesn’t sound too dangerous for the Swede, given his lifetime deficit on Full Tilt Poker, however the year might have been a lot, much better had he figured out easy methods to decelerate a bit.

As for the losers final 12 months, nobody compared to Gus Hansen. He dropped round $eight.4 million, bringing his lifetime losses on the Full Tilt software to around $14 million. He had few upswings in 2013, as he continued to get crushed session after session. However, he still stays stubborn and looks to be a very active player in 2014.

Unknown Macau account “MalACEsia” lost around $three.7 million final year, but that was in a pretty short span during the summer time. The account was the catalyst for massive $four hundred-$800 no-limit hold’em six-handed games that made a lot of regulars some huge cash.

Maybe the most important shock final 12 months was seeing Phil Ivey — now playing as “Polarizing” — get owned on the virtual felt. He is nonetheless the largest on-line poker winner in historical past, however 2013 noticed him drop around $2.4 million. Maybe his on-line magic is gone?

New Hampshire-native Ben “Sauce1234” Sulsky was the most important winner in 2012, taking home almost $four million, however 2013 was terrible for him. He lost $1.4 million.

His ultimate determine was not the result of a few bad months near the tail end of 2013. He struggled all yr, and towards the identical opponents he had crushed a yr before.

There is plenty of parity within the excessive-stakes on-line poker world.

The 12 months 2013 was the primary full year of Full Tilt Poker being back as the epicenter of the excessive-stakes on-line money video games. The site was shutdown in 2011 because of the Black Friday mess, before re-opening in late 2012. The return of Full Tilt reunited plenty of excessive-stakes regulars with their frozen account balances, most notably Hansen, who had been on a $6-million upswing prior to the positioning going defunct. Hansen went on to mud off all of that after which some to his friends.

One ought to count on 2014 to even be an thrilling 12 months for the net games at Full Tilt Poker, and to some extent at its sister site PokerStars. Keep tuned to CardPlayer.com for weekly recaps on Friday, with results and even some hands from the action.

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Expert: California Online Poker In 2015

The state of California, which has a population higher than that of Canada, has been regarded, except for a federal invoice, as the top prize in the United States for the net playing trade at massive.

Efforts have taken place within the Golden State for years now with reference to authorizing online poker, however the highly effective tribal gaming teams can’t come to a consensus.

Tribal gambling was a $27.9 billion market in the U.S. in 2012, and California is the highest tribal gambling state ($6.78 billion). It has been immensely difficult to determine how industrial betting teams, whether offshore or home, could possibly be involved within the California market. Some seem to not want them in at all, while others would type partnerships.

There’s additionally the eternal debate as as to if on-line video games would hurt brick-and-mortar spending. It stays to be seen which facet is correct.

Esteemed California gaming legal professional I. Nelson Rose lately advised The San Francisco Chronicle that since 2014 is an election year (there will likely be a battle for the governor’s seat) on-line poker legalization possible gained’t occur within the subsequent 12 months. In different phrases, 2015 on the earliest. But Rose is optimistic something will occur that year.

Others have expressed comparable optimism that slowly however surely issues will be solved and on-line poker can be legal in California. It’s just too lucrative of a business to pass up on perpetually.

David Quintana, a gaming lobbyist for a number of California tribes, instructed Card Participant in Could of final yr that the percentages were about 50-50 of one thing passing in 2013. Quintana mentioned that in the past years he pegged the chances at zero for a bill being profitable.

Proper now, solely Nevada, New Jersey and Delaware have on-line poker.

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New Jersey Sees More Than 125,000 Online Gambling Accounts

On-line gambling — including the game of poker — has progressed steadily in New Jersey over the past month, with the variety of accounts rising from a modest five-figure sum to well over six-figures, in line with state regulatory reviews.

Playing on the net began within the state on Nov. 26.

The most recent determine the New Jersey Division of Gaming Enforcement launched was round one hundred twenty five,000. New Jersey permits a wide array of casino games on the net, in addition to poker. The number of accounts doesn’t represent the variety of unique online gamblers within the Backyard State, as one particular person might sign up for an account with every on-line gaming operator.

Sunday’s 126,231 — to be exact — was an increase of 16,285 over the previous week.

Casinos that have been licensed for on-line playing within the Garden State are among the most prestigious on the planet. They embrace Borgata, Trump Taj Mahal, Trump Plaza, Tropicana Casino and Resort, Caesars Atlantic City, Bally’s Atlantic Metropolis and Golden Nugget.

Below software from Bwin.Celebration Digital Entertainment, Borgata provides games by way of www.Borgatacasino.com, www.Borgatapoker.com and www.NJ.Partypoker.com. Caesars, using software from partner 888 Holdings, has video games on www.HarrahsCasino.com, www.WSOP com, us.888.com, us.888poker.com and us.888casino.com. With a take care of Amaya Gaming, Caesars additionally has www.CaesarsCasino.com.

Tropicana has an arrangement with GameSys and gives games on www.tropicanacasino.com and www.virgincasino.com. Trump Plaza Associates and Betfair do their enterprise on betfaircasino.com. Trump Taj Mahal Associates is working with Ultimate Gaming for www.ucasino.com. And lastly, the Golden Nugget and Bally have www.GoldenNuggetCasino.com and nj-casino.goldennuggetcasino.com.

Atlantic City has 11 casinos, so more than half of them are at the moment within the internet betting enterprise. One property closed its doors this month.

The highest poker site of the bunch belongs to the Occasion Borgata Community, which in keeping with PokerScout.com has a present seven-day common for money video games of 240 players. That’s 50 % of the market. WSOP com (New Jersey) is averaging one hundred fifty ring-sport gamers as of proper now and is the clear-minimize number two within the Atlantic City market.

Over in Nevada, WSOP and Final Poker, the only two online gaming companies operating right now in the Silver State, have averages of a hundred and eighty, respectively. Games began there in April.

The third state within the United States with legalized on-line poker is Delaware, and its Delaware Poker Network, hosted from DoverDowns.com, has a sixteen-participant common over the previous seven days. Delaware is working with 888 and Scientific Video games.

New Jersey has solely been on-line for a month, but it surely has shown that it is the top market for the industry thus far. It has around 8.87 million individuals, compared to Nevada’s 2.76 million and Delaware’s 917,000. It’s financial system is also the biggest.

A research came out in October that stated the New Jersey online poker market would probably be between $39 million and $sixty five million throughout its first 12 months. That’s the quantity gamers would spend on rake for tournmaents and cash games. In different phrases, revenue.

Again in online poker’s glory days, New Jersey account for 3 p.c of the U.S. market.

Poker should be a large element of the New Jersey online gaming market dimension throughout the first 12 months since it is the game that the majority are acquainted with existing on the net. Some have predicted that general online gaming income during 12 months primary will likely be as low as $260 million and as excessive as $1.2 billion. That prime-end is however a stretch, as Card Player was just lately instructed. Gov. Chris Christie is likely to be the one one who expects $1.2 billion.

 

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