‘Wild West’ of Online Poker Goes Legit in US

From CNBC Like brick-and-mortar retailers, casinos in Las Vegas—and pretty soon in Atlantic City—are finding themselves up against a familiar foe: the Internet. It may seem counterintuitive that Nevada and New Jersey—homes to the two biggest gambling cities in the country—are leading the charge at the state level to legalize online betting. But states, like many Americans, are looking for new revenue streams as the economy continues to sputter to life. And some casinos are being proactive, looking for ways to develop or partner their way to a Web-based gaming presence. In February, Nevada become the first state to approve…

Internet gambling could leave Atlantic City in worse shape

From Courier Post Casinos will win with new gambling revenue. New Jersey will win with new tax revenue. Consumers will win with a new entertainment option that they can play from the comfort of a coffee shop or their own sofa. Everybody, it seems, is guaranteed to win. Except Atlantic City itself. New Jersey is rolling out legalized Internet gambling, betting that it will help casinos fend off fierce competition from neighboring states, bolster the state’s tax revenue and be a powerful economic engine once again. It is a chance, casinos say, for New Jersey to remain on the cutting…

Why Tribal Gaming Will Oppose New Online Gambling Bill

From Legal Poker Sites A bill that expands gambling in the United States requires the support of groups that will operate the proposed system.  The bill sponsored by Representative Peter King (R-NY) that would regulate online gambling in the United States will be missing this key element.  Tribal gaming interests are certain to oppose this bill across the board for a number of reasons. The Indian Gaming Regulatory Act (IGRA) was enacted by the federal government in 1988.  It settled the long standing issue of reservation casinos.  It gave states the right to enter into gaming compacts with tribes.  Reservations…

IGT to Provide Online & Mobile Games to Betsson

International Game Technology (IGT – Analyst Report) will provide its online and mobile games to Betsson, a Maltese sports betting and gaming company. Betsson will have access to IGT’s wide array of free-to-play and casino style games through IGT’s remote gaming server (IGT rgs). GT will offer popular game titles like Cleopatra, Da Vinci Diamonds, MONOPOLY plus and 100 Pandas to Betsson. These mobile-based games are compatible with Apple’s (AAPL – Analyst Report) iOS devices as well as with Google’s (GOOG – Analyst Report) Android-based devices, enabling the game to reach out to a large number of gamers. Recently, IGT…

Could Zynga Poker be Company Savior?

The great investment thesis behind Zynga was that it would eventually turn its play-money Zynga Poker game into a wildly lucrative online poker business, rivaling even the most established players in gaming. There was a time when an idea like that wasn’t too far-fetched. Zynga Poker has around 36 million users every month on Facebook with around 6 million of those on the site every day. The problem is that online poker isn’t legal here in the U.S., so this huge user base hasn’t translated to a significant profit. First-quarter revenue dropped 18% and the fickle nature of online-game players has…

Poker Affiliate Listings Industry Update for June 2013

From Poker Affiliate Listings – News from the poker industry, brought to you by Tori at Poker Affiliate Listings. This week she discusses the WSOP and online poker in Nevada.     . VISIT POKER AFFILIATE LISTINGS