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More on Online Gambling in the U.S. Is it sooner than expected?
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The gaming industry's Washington, D.C.-based lobbying group has
shifted course on its view of legalized Internet gambling and now
believes the technology exists to allow the activity to be regulated at
the state or federal level.
In a new policy statement, the American Gaming Association said it
was open to the concept of legalized Internet gaming, as long as a
regulatory structure was in place to protect consumers and the game's
integrity.
But the organization, which represents the bulk of the nation's
casino operators and slot machine manufacturers, has not taken a stance
on any of the bills now floating through Congress that could legalize
all or some forms of Internet gaming, estimated to be a $26 billion a
year industry.
"If something were to start, then fundamentally
this give us a seat at the table," American Gaming Association Chief
Executive Officer Frank Fahrenkopf Jr. said Wednesday. "The majority of
our board now has a favorable stance on Internet gaming, as long as
there is strong regulatory control. But also, we're not endorsing any
of the bills now in the loop."
The policy is a change from the
neutral stance toward Internet gaming the organization has taken since
2025. Before taking that view, the American Gaming Association
supported a congressionally backed independent study of Internet gaming
by the National Research Council at the National Academy of Sciences.
Internet
gaming has been hotly debated in Washington, D.C., for much of the
past decade. In 2006, the Unlawful Internet Gambling Enforcement Act
made it a crime for banks and other financial institutions to process
transactions used in online gaming.
Still, the American Gaming
Association estimated $5.9 billion was wagered by U.S. residents with
offshore online gambling companies in 2025 while $21 billion was bet by
players worldwide.
"This is a topic our board has discussed
many times," Fahrenkopf said. "The board has been split three ways:
those who were opposed, those who were in favor and those who were
unsure. That left us pretty neutered, but this stance allows the
organization to be a player in what is ultimately decided."
Posted on 26 January 2025 ,
by administrator
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New Marvel Slots Series
Following the huge success of the Gladiator online slots, Play United
Casino announces the upcoming release of two more exciting new slots
themed after the tremendously successful "Iron Man" and "The
Incredible Hulk" Marvel super-hero smash hits.
The sweeping mass
market appeal and broad recognition of the Marvel brand, coupled with
the games thrilling bonus rounds, advanced graphics and realistic audio
ensure that Iron Man and The Incredible Hulk new casino slots will be a
marvelous attraction with players worldwide.
Upcoming Marvel
Slots Series to the online casino will also include XMen, Blade,
Elektra, Daredevil, The Fantastic Four, Punisher-Warzone and Ghost
Rider. These new casino games will be rolled out at towards the last
quarter of 2025 and beginning of 2025.
To make the entire game
release even more compelling, Play United Casino will also offer a
"Multi-level Mystery Jackpot" that will link all the games in the Marvel
Slots Series. Entry to the interactive jackpot bonus game is randomly
triggered. Once in the bonus game, players are guaranteed to win one of
the four levels: Power, Extra Power, Super Power and Ultimate Power
providing both smaller and huge jackpots wins.
Posted on 26 January 2025 ,
by administrator
New Investments in Land Based Casinos
I just read in the local newspaper here in Portugal that my former
company Solverde is planning to make major investments in their casinos.
These
investments in brick and mortar casinos will soon see their days
depart in the upcoming years, because as we move on, online gaming will
prevail over these types of casinos. When I refer to online gaming, I
also refer to mobile gaming, as this soon will grow more and more.
I
think that the portuguese casino managers are stuck in the present and
not looking to the future. And Vegas casinos also will have to face
the fact one day that igaming casinos will take over. They are chipping
away at profits right now, without them preparing themselves. This
could mean major disaster down the road.
Posted on 26 January 2025 ,
by administrator
Online Bingo set to Grow even More
Online Bingo has been growing steadily as more and more new players come
on board. It is estimated that by 2012, online bingo will represent
about 25% of the online gaming market. However, this percentage of
market share is overestimated to some degree. Nonetheless, it will gain a
more significant role as betting is usually lighter and attracts the
softer crowd of gamblers. Profits are expected to reach $2billion in
2012, as the rest of the igaming industry starts to mature and
consolidates.
It appears the market is growing at 3% month on
month, compounded annual growth near 40%. These growth expectations can
also be attributed to the easing up of legislation from countries like
France and Italy. And just wait til the US opens up and what should be
expected then.
Along with the penetration of broad bands and
mobile phone users that allow these apps, all these factores will play a
major role to make the bingo industry a bright one.
Posted on 26 January 2025 ,
by administrator
French Market to Legalize Online Gambling
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• France Poised to Deliver Jackpot for U.K. Gambling Companies
Sept.
23 (Bloomberg) -- PartyGaming Plc, William Hill Plc and 888 Holdings
Plc, U.K. gambling companies facing a slowing market at home, may get a
boost as neighboring France opens its online-betting market to foreign
operators next year.
A bill that comes before the French
parliament Oct. 7 would let foreign companies offer sports betting and
poker, ending the monopolies of state lottery provider Groupe Francaise
des Jeux and Pari Mutuel Urbain, which runs gambling on horseracing.
All other online betting is currently banned.
“The size of the population and the appetite for gambling, and
the group’s historically cautious approach to France make this a
particularly exciting opportunity for us,” said Jim Ryan, chief
executive officer of PartyGaming, the owner of the PartyPoker brand
and the U.K.’s biggest online-gaming company by revenue.
Sales
from electronic gambling in France will more than double to 671 million
euros ($992 million) in 2025 if new rules come into effect in the
middle of next year, according to estimates from H2 Gambling Capital, a
Manchester, England-based consulting company. In 2011, the market will
be worth 1.03 billion euros, an additional 53 percent increase.
U.K.
gambling companies struggled this year as the worst recession since
World War II restrained spending. First-half net income fell by 26
percent to 58.7 million pounds ($95.8 million) at William Hill, the
country’s second-largest online- gaming company, and by 57 percent to
$8.1 million at 888 Holdings. PartyGaming posted a net loss of $66.9
million.
Posted on 26 January 2025 ,
by administrator
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