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Online Gambling

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BUSINESS
July 30, 2010 | By Joseph N. DiStefano, Inquirer Staff Writer
Internet poker and other online gambling could soon go from being mostly banned in the United States to being legal, licensed, taxed - and casino-controlled. Thank powerful Rep. Barney Frank (D., Mass.) , who pushed H.R. 2267 through in a bipartisan 41-22 vote in his House banking committee Wednesday evening. Frank's allies in the Democratic leadership are likely to slip the bill through Congress by tacking it onto some "must-pass" legislation as an amendment, rather than subject to straight Senate and House votes that some members might find embarrassing, according to FBR Capital Markets Corp.
BUSINESS
June 7, 2007 | By Suzette Parmley INQUIRER STAFF WRITER
What a difference an arrest can make. Last year at this time, the Internet-gambling industry's biggest event, the Global Interactive Gaming Summit & Expo, drew about 1,800 attendees. This year's event here drew about half that. What happened? Last July, David Carruthers, the chief executive officer of BetonSports.com, was arrested in Texas and charged with 22 counts of racketeering and fraud. Carruthers is under house arrest and awaiting a trial date. His arrest marked the beginning of a government crackdown on the $12 billion online-gambling industry.
NEWS
October 20, 2011
Trump Entertainment Resorts Inc., owner of two casino hotels in Atlantic City, is about to enter a partnership with another firm to offer online gambling. Trump Entertainment has "determined that such a joint venture represents the most advantageous way for the company to participate in opportunities in online gaming at minimal cost to the company," according to an Oct. 14 filing with the Securities and Exchange Commission. Trump Entertainment would own 10 percent of the new venture.
BUSINESS
July 21, 2006 | By Suzette Parmley INQUIRER STAFF WRITER
London-based executives at one of the largest online sports-betting sites for U.S. customers are still trying to discern what the arrest of the CEO of a rival Web site by the FBI earlier this week will mean for business. "It's been a tumultuous week," Alex Czajkowski, marketing director for SportingBet P.L.C., which operates Sportsbook.com, said yesterday. Sportsbook.com, the company's flagship brand, generated more than $2 billion in sports wagers last year and more than $5 billion in casino wagering.
NEWS
June 29, 2012 | The Associated Press
DOVER, Del. - The Delaware Senate on Wednesday narrowly approved a bill authorizing online betting, and more venues for sports wagering and other gambling. Senators voted, 14-6, for the bill, which required a three-fifths majority. Having cleared the House this month, the measure now heads to Gov. Jack Markell, who is expected to sign it. In addition to allowing online slots and table games, the bill expands keno beyond Delaware's three casinos to at least 100 other sites, and betting on NFL football to at least 20 noncasino sites.
BUSINESS
August 2, 2014 | By Harold Brubaker, Inquirer Staff Writer
Borgata's online gambling operations recorded an operating loss of $1.8 million in the quarter ended June 30, but reached a "key milestone" by breaking even in July, said Keith Smith, chief executive of Borgata's managing owner, Boyd Gaming Inc. Smith said during a conference call on the Las Vegas company's second quarter earnings that he expected the recent downturn in online gambling revenue in New Jersey to end when cooler weather returns....
NEWS
January 15, 2014 | By Harold Brubaker, Inquirer Staff Writer
Internet gambling has generated a $50.3 million payoff for lawyers, lobbyists, and other professionals since mid-2009, according to disclosures posted Friday by the New Jersey Division of Gaming Enforcement. The disclosures came just days before New Jersey publishes its first revenue report for online gambling, which started in late November and has been closely watched by gambling interests because New Jersey is the first major U.S. market to legalize online poker and casino gambling.
NEWS
November 27, 2013 | By Harold Brubaker, Inquirer Staff Writer
If it is true, as research has suggested, that people who live within 10 miles of a casino are twice as likely as others to become addicted to gambling, what happens if casino gambling is as close as a laptop computer - or a smartphone? New Jersey is about to find out. Thirteen online gambling sites sponsored by six Atlantic City casinos received a green light to open to the public and start advertising to gamblers at 12:01 a.m. Tuesday, the New Jersey Division of Gaming Enforcement said Monday.
NEWS
June 21, 2012
DOVER, Del. - A bill authorizing online betting and adding venues for sports wagering and other gambling in Delaware is heading to a Senate vote. The bill cleared a Senate committee Wednesday despite complaints from church leaders, who called it morally wrong. Delaware's harness racing industry also opposes the bill, saying its members would not get a fair share of the gambling proceeds. - AP
NEWS
January 5, 2012
A landmark Justice Department ruling before Christmas that seems to have opened the door to online gambling has some New Jersey lawmakers ready to rush into legalizing Internet betting. But before legislators get behind the plan of State Sen. Raymond Lesniak (D., Union) to make New Jersey "the Silicon Valley of Internet gaming," someone should note that most state residents oppose online gambling. The roughly two-thirds of voters, who for the past two years have voiced objections to Internet betting when asked by Fairleigh Dickinson University pollsters, clearly grasp the risks of mouse-clicking through the rent money.
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BUSINESS
August 5, 2016 | By Harold Brubaker, STAFF WRITER
Penn National Gaming Inc. bought Rocket Games Inc., a San Franciso developer of social casino games, for $60 million in cash, plus potential incentive payments to certain Rocket executives over the next two years, the Wyomissing, Pa., casino operator said Wednesday. Among Rocket's 50 social casino games is Viva Slots Vegas, which has an audience of more than 200,000 daily players, according to Penn National, whose Penn Interactive Ventures is based in Conshohocken and operates www.hollywoodcasino.com , HollywoodSlots.com, and Hollywoodraces.com.
NEWS
July 3, 2016 | By Angela Couloumbis and Karen Langley, HARRISBURG BUREAU
HARRISBURG - The Republican-controlled House and Senate left the Capitol building Friday - possibly for the entire holiday weekend - without having resolved how they are going to pay for the $31.5 billion budget they have sent to Gov. Wolf. After hours of closed-door talks, leaders in the chambers sent their members home, a sign that they are still wrangling among themselves and with the Democratic governor over how much in new revenue is necessary - and what taxes are needed to raise it - to bolster the spending plan they approved with impressive majorities earlier in the week.
NEWS
June 30, 2016 | By Angela Couloumbis and Karen Langley, HARRISBURG BUREAU
HARRISBURG - The House on Tuesday overwhelmingly approved a $31.5 billion budget with heavy support from Republicans and Democrats, but a stubborn behind-the-scenes fight remains over how to pay for it. The plan passed by the GOP-dominated House in a 132-68 vote would spend about 5 percent more than this year's $30 billion budget, and send an additional $200 million for K-12 public education as well as more money for preschool and special education....
NEWS
June 19, 2016 | By Amy S. Rosenberg, Staff Writer
ATLANTIC CITY - Brendan Turner, 26, drove "12 or 13 hours" in a Chevy Malibu from Indiana to New Jersey for the privilege of playing poker - on his laptop. But perhaps he should have driven an additional 15 minutes or so that first night, because Turner and his buddy Anthony Bos, 25, of Connecticut, ended up staying not in Atlantic City proper, but a few miles outside of town in a $60-a-night motel with a 1.5-star rating online. Poker players are nothing if not careful about their money.
NEWS
June 2, 2016
LAST WEEK, we suggested creating a bipartisan commission to mediate the ongoing fight between Gov. Wolfe and the Republican-controlled Legislature over state spending and taxes. The commission would be charged with studying the state's spending habits and tax policies and recommend sensible ways to bring in enough money to sustain government operations and meet the mandates for subsidizing local governments and public schools. Our argument was that, without a third party to call a timeout on the partisan war, the Legislature and the governor will remain at loggerheads.
NEWS
June 1, 2016 | By Karen Langley, HARRISBURG BUREAU
HARRISBURG - If proponents of expanded gambling have their way, Pennsylvania may fill part of its looming budget gap with income from around-the-clock cocktails in casinos, slots machines in airports, and wagers made legally on phones and laptops. The House last week toyed with measures that would have legalized online gambling, allowed slot machines at airports and offtrack betting sites, and permitted 24-hour liquor sales at casinos. One proposal would also have allowed video gaming terminals at bars and truck stops.
BUSINESS
October 23, 2015 | By David Sell, Inquirer Staff Writer
The Philadelphia 76ers and partypoker have ended what both sides said in 2014 was a groundbreaking partnership between an NBA team and an online gambling business. Sixers CEO Scott O'Neil confirmed Wednesday night that the partnership had ended, but declined to explain why the two businesses parted ways, other than to say that even multiyear partnerships such as this one have "triggers" that allow for "adjustments based on market opportunity. " Someday, sports gambling - online and otherwise - might be a hot market opportunity nationally, as it is in Las Vegas now and in other countries such as the United Kingdom.
NEWS
October 14, 2015 | By Chris Palmer and Ben Finley, Inquirer Staff Writers
HARRISBURG - With Gov. Wolf and the Republican-controlled legislature locked in a months-long budget stalemate, there is one area in which they might be able to agree: expanding gambling options to increase state revenues. After a news conference last week during which Republican leaders in the state House indicated a willingness to discuss expanded gambling access as a cash source, Wolf's spokesman said Monday that the first-term Democrat was also open to considering gambling proposals.
BUSINESS
June 12, 2015 | By Harold Brubaker, Inquirer Staff Writer
Only in Pennsylvania: Gamblers would not be allowed to register online to open Internet gambling accounts unless they live more than 20 miles away as the crow flies from a bricks-and-mortar casino. Any closer, and they would have to travel to a casino and register in person, under the provisions of a Senate bill in Harrisburg calling for big changes to the state's gambling landscape. The goal is to give the brick-and-mortar casinos a better chance to tap into their local target audience.
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