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December 6, 2012

American Gaming Association Urges U.S. Congress into Online Poker Legislation

Filed under: Casino — Tags: , — OCE News @ 2:34 am

The American Gaming Association, also known as AGA launched a strong campaign today that was done in an effort to urge the U.S. Congress to pass legislation for online poker. Their goal is to urge U.S. Congress into legalizing and licensing online poker. The actions of AGA urging U.S. Congress into legislation was done for online poker specifically, not for online casinos. Unless the U.S. Congress approves this and provides congressional action, Anyone who engages in online gambling and lives within the United States is at risk. This includes gamblers that enjoy online casinos, gambling addicts, and gaming patrons. U.S. Congress has been very hesitant to support any type of legalization act toward online gambling, but AGA is pushing hard to introduce and pass a bill that would also include an informational video. This video would be in effort to educate lawmakers and stakeholders, as well as to gain attention on social media websites and increase awareness around the issue.

Just last December, the Department of Justice was able to release an opinion that covered the 1961 federal wine act. This opinion only supports sports betting and not other types of online betting, and that is why states across the country have been doing things in order to establish online gambling operations. AGA says that states should have the ability to license and support online poker, but unless the federal government steps in to support some type of minimum standard, this will likely never happen. It also puts all of these gamblers that enjoy online gambling at risk, knowing that there is certain legality issues that are going to affect them. Passing the bill would mean that there is no longer risk and the federal government would support licensing and regulating online poker. After all, poker is a game of skill, it is not necessarily a game of complete gambling. The states that move forward to support the bill would be able to license it, provided that the people vote for.

Frank J. Fahrenkopf, Jr., is president and CEO Of AGA, he released a statement that said, “Without swift congressional action, the U.S. will soon see the largest expansion of legal gambling in its history. And without any federal guidelines in place, the result will almost certainly be inadequate oversight that creates a world of unnecessary risk and problems for law enforcement and U.S. consumers.”

The informational video that is expected to be released will be titled “Stop the Clock.” It is actually available now and you can find it on the AGA YouTube channel. This video promotes the legalization and legislation of online poker and it also promotes the AGA stance on the issue. AGA has actually released a draft of what they want the bill to be, this is titled “The Internet Gambling Prohibition, Poker Consumer Protection and Strengthening UIGEA Act of 2012.”

Further comments from Frank- “Congress must establish federal minimum standards that address consumer protection, prevent underage gambling, promote responsible gaming and provide help for those with gambling problems. It must also provide a regulatory structure allowing for Native American casino operators — who will never agree to be regulated by the states — to be involved, and clarify and restore federal law so that law enforcement communities have the tools necessary to prosecute illegal online gambling operators.”

August 22, 2012

South Point Ownership Receives Permission for Online Poker

Filed under: Casino — Tags: , , — OCE News @ 1:55 am

Michael Gaughan, the owner of South Point, has received permission to continue with its plans to open a real money interstate online poker website. Online gaming is received a lot of increased attention over the course of the last few years, and continues to be a point of contention for many individuals. Gaughan has been attempting to receive permission for several years, and was finally able to do so on Wednesday, August 8. His bid had been recommended by the State Gaming Control Board, which is located in the Carson City area.

His bid will receive full consideration on August 20 by the Nevada gaming commission. A number of slot machine game manufacturers have Artie received state approval in order to begin offering interactive online gaming services to consumers. He is going to be able to offer a physical casino, that allows users to operate a real money online casino from within the premises.

Online gambling is been a source of hot contention throughout Nevada, leaving many to wonder if the state would be open to such requests. However, after going through much technical and regulatory approval, they have allowed him to go ahead with his bid, which will be under consideration on August 23.

The bid was approved by a three-member control Board, that unanimously approved the decision. Partially affected by the decision was the fact that Gaughan is a revered member of the gambling community throughout Las Vegas, and as they may stable gaming licensee for many years.

The online gambling poker system is going to have a number of safeguards in place to ensure that anyone that plays the system is at least 21 years old. They also have to be located in Nevada, and cannot be involved in any sort of criminal activity while using the service. Also, the site is going to allow individuals to take themselves out of the wagering pool, and allow them to play without gambling money. It is thought that this system will allow them to install other safeguards for problem gambling in the future as well.

The online poker system and is ready to launch, pending approval on August 23, and it will be interesting to see how quickly they can get it up and available to Nevada residents throughout the state.

July 18, 2012

Gaming Revenues In Nevada Bounce Back In April

Filed under: Casino — Tags: , , — OCE News @ 12:02 am

The revenues accrued from gaming in the state of Nevada have rebounded from the dismal results of March. There has been an overall gain of 6.2 percent for the state as a whole, when compared to the figures of April 2011. Last year, the total win was recorded at $855 million. Big gains have been recorded for Clark County, Washoe County, South Lake Tahoe, and Elko County. The double digit fall in gaming revenues for the month of March 2012 has been more of an anomaly. The state has been recording gambling gains in nearly six out of the last seven months.

What can these gains be attributed to? Some of the gains were definitely of a technical nature. Some part of the revenue for March was carried forward to April, as the month of March ended on a Saturday. The reopening of the Plaza Hotel and Casino in downtown Las Vegas was responsible for a part of this gain.

April 2012 witnessed gains in all the Clark County markets. The gains in downtown Las Vegas went up 25 percent. North Las Vegas reported a gain of 42 percent, as compared to the previous year.

The statewide gaming win for the fiscal year starting July 1, 2011 to April 30, 2012, reported an increase of 2.5 percent. The signs are quite evident. The online gaming sector is showing signs of gradual recovery, as Las Vegas is moving out of the effects of the chronic recession that hit the US economy.

One trend that does not fit in the other positives in the industry is a slight drop in the number of visitors to Las Vegas for the month of April. This dip in the number is the first in the last two years. The decrease in numbers, however, has been more than offset by significant gains in slots and improvement in revenues for table games. More and more people from the Asian market are showing their preferences for baccarat, and this card game is becoming increasingly important to casinos catering to the Asian game lovers.

Nevada, as a state, is also inching along to make online poker legal, which would also have an impact on the revenues from gaming for the state. The casino companies in Nevada are ready for intra-state online poker, though are being pulled back due to the lack of a federal measure.

Only recently, Bally Technologies became the first company to get a recommendation from the Gaming Control Board of Nevada for issuing the very first interactive gaming license. The recommendation would be passed onto the Gaming Commission for final approval, followed by a final phase of technology inspection. Many other businesses are also interested in participating in online poker, if it becomes legal.

July 14, 2012

Gaming Revenues in Nevada Bounce Back In April

Filed under: Casino — Tags: , — OCE News @ 12:00 am

The revenues accrued from gaming in the state of Nevada have rebounded from the dismal results of March. There has been an overall gain of 6.2 percent for the state as a whole, when compared to the figures of April 2011. Last year, the total win was recorded at $855 million. Big gains have been recorded for Clark County, Washoe County, South Lake Tahoe, and Elko County. The double digit fall in gaming revenues for the month of March 2012 has been more of an anomaly. The state has been recording gambling gains in nearly six out of the last seven months.

What can these gains be attributed to? Some of the gains were definitely of a technical nature. Some part of the revenue for March was carried forward to April, as the month of March ended on a Saturday. The reopening of the Plaza Hotel and Casino in downtown Las Vegas was responsible for a part of this gain  created.

April 2012 witnessed gains in all the Clark County markets. The gains in downtown Las Vegas went up 25 percent. North Las Vegas reported a gain of 42 percent, as compared to the previous year.

The statewide gaming win for the fiscal year starting July 1, 2011 to April 30, 2012, reported an increase of 2.5 percent. The signs are quite evident. The online gaming sector is showing signs of gradual recovery, as Las Vegas is moving out of the effects of the chronic recession that hit the US economy.

One trend that does not fit in the other positives in the industry is a slight drop in the number of visitors to Las Vegas for the month of April. This dip in the number is the first in the last two years. The decrease in numbers, however, has been more than offset by significant gains in slots and improvement in revenues for table games. More and more people from the Asian market are showing their preferences for baccarat, and this card game is becoming increasingly important to casinos catering to the Asian game lovers.

Nevada, as a state, is also inching along to make online poker legal, which would also have an impact on the revenues from gaming for the state. The casino companies in Nevada are ready for intra-state online poker, though are being pulled back due to the lack of a federal measure.

Only recently, Bally Technologies became the first company to get a recommendation from the Gaming Control Board of Nevada for issuing the very first interactive gaming license. The recommendation would be passed onto the Gaming Commission for final approval, followed by a final phase of technology inspection. Many other businesses are also interested in participating in online poker, if it becomes legal.

July 10, 2012

Two Interactive Gaming Licenses Issued By Nevada

Filed under: Casino — Tags: , — OCE News @ 12:00 am

Gaming licenses were issued by the state of Nevada to the manufacturer of online gaming system in the US. The two companies Bally Technologies and International Game Technologies got these two licenses issued with the recommendation provided by Nevada Gaming Control Board.

With the issuing of the license, Bally Technologies has become the first officially legal online poker site that can operate interstate gaming. This company had completed the process of acquisition of Chiligaming in April 2012. Chiligaming is the software that launched the free-play site of the Golden Nugget in the recent times. The acquisition allowed Bally to offer the online poker software to casino operators and also use it to demonstrate in front of the Gaming Control Board on Thursday.

The cost of licensing fee for Bally has been charged for $125,000. But according to Control Board Chairman Mark Lipparelli, it may get reduced. Once the outcome of the Nevada Gaming Policy Committee is out, the final cost will be known. News is out that the CEO of MGM Resorts International Jim Murren had expressed his preference for reduction of online gaming fees.

The second company, International Gaming Technologies got its application approved later in the day. It, therefore, became the second company to receive license issued for online gaming.

Both the companies now need to approach the Nevada Gaming Commission on June 21. The process of final approval will be conducted during this session. Once the final approval process gets completed, both these companies will start to launch real money sites to let players participate in intrastate gaming in Nevada.

As a part of the launching process, ten existing licenses have been kept in possession by the company International Gaming Technologies. These licenses are in compliance with 360 jurisdictions for gaming. Besides this, age restriction controls have been implemented in current products which are being used in Europe by this company.

Both Bally technologies and International gaming technologies will be able to manufacture online gaming systems. They will also be able to run and maintain these systems but on the condition that they partner with a Nevada brick-and-mortar establishment. No company will be allowed to run an independent online poker site without the relationship with an existing establishment.

As stated earlier, the application for license will be presented to the Gaming Commission on June 21. Even if both the companies get the license, the technology of these companies need to be vetted.

The hearing was attended by reputable companies such as Caesars Interactive Gaming, South Point, Shuffle Master, and Cantor Gaming. These and several other parties have been potentially interested in licenses as well. Once the gaming license is issued, other companies will certainly start applying for the same and try to reap profits. Mark Lipparelli had estimated that the Nevada online poker would become fully operational by the 2012 holiday season. Considering the development of events and the consequent results, this estimation is bound to become true and make the holidays even more fun and exciting than ever.

Keep track of the developments of this hottest news story and get to play gaming the real way with real money to make good profit winning games and enjoy the holidays.

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