October 15, 2015
ISSUE | ONLINE POKER A good bet for Pennsylvania The article "Boost for online poker, but enough?" (Oct. 2) noted that the approval of two additional poker websites in New Jersey would provide a "jolt" to the success of gaming in the state, but that "the market needs to expand to other jurisdictions to truly thrive. " That should serve as a timely reminder to Pennsylvania lawmakers, while budget negotiations drag on, that they could add as much as $100 million to the state budget - without increasing taxes - by agreeing to license online poker and other forms of online gaming.
September 13, 2015 |
BOSTON - The daily fantasy sports industry is eyeing a breakout season as NFL games begin. And its two dominant companies, DraftKings and FanDuel, are touting lucrative opening-week prizes to try to draw more customers as more competitors pop up. Major tech and media companies, including Yahoo and CBS, are entering the fray, signaling a potential sea change in the still-evolving market. The games involve picking teams of real-life athletes who score fantasy points based on what they accomplish on the field.
June 4, 2014 |
Hand-wringing over the future of Pennsylvania's casino-gambling industry - which shrank in revenue last year for the first time since it began in 2006 - will resume Tuesday in Harrisburg at a state Senate hearing. The hearing, organized by the Committee on Community, Economic, and Recreational Development, is expected to expand on a May 7 session, during which a report on the industry by Econsult Solutions was released. Returning from a break, legislators are plunging into a difficult budget season, facing a budget gap that could soar as high as $1.2 billion in the fiscal year that starts July 1. Likely on everyone's mind, but not on the agenda Tuesday, is if or when the Pennsylvania Gaming Control Board will pick a winner from the five applicants for the second casino license in Philadelphia.
January 20, 2014 |
BRIGANTINE, N.J. - Jamie Kerstetter is in her pink slippers with the pom-poms. And why shouldn't she be? It's a Sunday morning, and she's settling in to a long day during which she won't leave the apartment. The cards are dealt, on the screen, four tables going at once, a far cry from the 20 poker games this former tax lawyer used to fire up on her computer screen in Mexico, where she would spend hour after twitchy hour playing online Texas hold 'em. "My boyfriend and I would sit all day and not talk to each other except when one of us would say, 'Wanna order out?
January 10, 2014 |
NEWARK, N.J. - Norbert Teufelberger has been in the gaming business a long time. As the CEO of bwin.party digital entertainment, the Denmark native has made a living off "the national and international casino and betting business" for more than 2 decades. Before the passage of the Unlawful Internet Gambling Enforcement Act by Congress in 2006, bwin's Partypoker brand was the largest online-poker brand in the world. Teufelberger's experiences in the United States made him well aware of America's relationship with gambling, where a large percentage of the population does it but it's still considered taboo.
November 29, 2013 |
A Moody's bond analyst estimated this week that New Jersey gamblers' online losses could result in as much as $100 million in total operating profit for the seven Atlantic City casinos that have Internet gaming permits. Online gambling won't save Atlantic City, but it "is a much-needed boost for a market that has suffered protracted declines in gaming revenues amid increased competition from neighboring states and weak consumer gaming demand," said Peggy Holloway, a Moody's Investors Service vice president and senior credit officer.
March 9, 2013 |
A bill that would legalize Internet wagering in Pennsylvania is to be introduced next week by State Rep. Tina Davis. The Bucks County Democrat confirmed Thursday that she might introduce the measure in Harrisburg as early as Wednesday. Davis - whose district includes Parx, the state's top-grossing casino - cited recent moves by New Jersey and Delaware as the reason Pennsylvania needed to get started on the issue. "We wanted to get the conversation going," she said. "We're working on some changes" to the bill.
February 2, 2013 |
ATLANTIC CITY - A Feb. 7 deadline for Gov. Christie to sign off on a bill legalizing Internet gambling from computer servers based here is creating a sense of urgency at the Shore's smallest casino, the struggling Atlantic Club. Its prospective buyer - Rational Group US Holdings, parent company of the websites PokerStars and Full Tilt Poker, which combined have tens of millions of worldwide subscribers - plans to establish a headquarters here, the first that would merge a land-based U.S. casino with an online-gaming company.
October 4, 2012 |
LAS VEGAS - Internet gaming, the next frontier for casinos, occupies center stage here this week at the Global Gaming Expo, known as G2E. What form I-gaming will take and how it will be regulated are anyone's guess, but the industry already is creating interactive products that will allow anyone who frequents a casino to enjoy favorite slot machines or table games online, in virtual versions that look identical to those on the casino floor....
October 17, 2011 |
LAS VEGAS - Bally Technologies Inc. showcased its most popular games, including Cash Spin, on several platforms here this month at the Global Gaming Expo (G2E). There was Cash Spin as a traditional slot machine; Cash Spin on an iPod, Droid, BlackBerry, and iTouch tablet; and Cash Spin as an online game at the Bally Interactive booth at the Sands Expo & Convention Center. As one of the world's largest suppliers of slot machines and systems that operate casinos, Bally and companies like it are gearing up for what many say will be gambling's next frontier: the Internet.