Trefis – Wynn Resorts (NASDAQ:WYNN) recently applied for an online gambling license in the state of New Jersey, which legalized online gambling in February this year. [1] Online gambling accounts for only 3.3% of overall gambling profits in the U.S. and can offer tremendous growth for the operators in the coming years. In the recent quarterly earnings, the company saw muted growth in Macau while its domestic operations surged 16%, including some signs of recovery on the Las Vegas Strip. (Read – Wynn Q2 2013 Numbers Disappoint As Growth In Macau Stalls) While we continue to believe in the Macau…

Online-Casinos.com – In the United Kingdom the Public Policy Exchange holds regular interactive seminars which provide an invaluable interface for policy discussion, debate and networking. These special events offer local practitioners, civil servants and other stakeholders not only an insight into current policy thinking, but also the opportunity to feed into future policy development across all areas of public policy. The speakers at the seminars are unrivaled, ranging from Government Ministers and Senior Whitehall Officials to leading Local Authority figures and Voluntary Sector representatives. One such event is entitled ‘The Implications of Reforming the Remote Gambling Regulatory System’ and is…

iGaming Business – The European Parliament’s plenary will vote next Tuesday on a report on online gambling by Ashley Fox MEP calling for enhanced cooperation between Member States. The report initially recommended the EU-wide licensing of igaming operators, but was then changed to take account of numerous amendments and Member States’ will to regulate their online gaming sectors individually. The report will recommend continuing that policy of regulation, but with increased co-operation between member states on consumer protection and money laundering. Member states are encouraged to exchange blacklists of operators and to consider blocking access to illegal websites. The report…

Gaming Tech Law – The Italian gaming market has suffered a period of high tension today when the Italian Parliament has approved a motion instructing the Goverment to urgently ban for 12 months both online gaming and land-based gaming systems located in public places (i.e. AWP and VLTs). However, the Ministry of Finance immediately issued a statement declaring that such motion is inapplicable and would create catastrophic consequences in terms of claims from operators, massive loss in tax entries and fostering of the gambling black market. While the political party named Lega Nord is celebrating for the victory of their…

Today, casino players around the world can participate in online casino gambling and play any one of hundreds of real money games in a safe playing environment. But things weren’t always like that. There was a time when online casinos were seen as the wild west of the gambling industry. A place where players didn’t know who to trust or where to play. So what happened? Read on as we take a closer look at the rise of online casino gambling, examine the current state of affairs, and speculate about what the future may hold. The first online casinos were…

iGaming Business – Betting exchange, online casino and sportsbook operator Betfair has insisted that it remains on track to meet full-year expectations after reporting a 13% fall in year-on-year revenue to £90.4 million (€107.2 million/$141.5 million) in the three months through to the end of July. The drop has been attributed to Betfair’s decision to pull out of Greece, Germany, Spain and Cyprus, with the company claiming that it is starting to benefit from cost-cutting measures and a focus on well-regulated betting markets such as Britain, Ireland, Denmark, Malta, Gibraltar and the United States. As an indication of Betfair’s improving…