Posts Tagged ‘gaming regulation’

September 28, 2011

The Future of Online Poker (as per the AGA)

Pokerati: Unpublished

The 11th annual Global Gaming Expo kicks off next week in a new location, the Sands Convention Center, in Las Vegas. Of all the gaming expos worldwide (there seem to be about two a month these days) G2E is one of the big ones (if not THE big one) … not just for vendors hawking comfortable casino seats and slot-machine rides, but also for the sessions in which casino industry leaders gather to chat about everything from gaming technology to online regulation to Indian nations to rewards programs.

Check out the lineup for G2E ’11 here.

Just got the press release about what AGA/G2E chief Frank Fahrenkopf plans to speak on in his media address: (Yay. Looking forward to it.)

ECONOMIC IMPACT OF THE CASINO INDUSTRY, ONLINE POKER TO BE
KEY TOPICS AT FAHRENKOPF’S ANNUAL G2E MEDIA BRIEFING

Preliminary Topline Results of Major Economic Impact Study to be Unveiled

Also got word that this year G2E has very clear “no audio or video recording” rules for their extra-informative sessions. (Crap, there go Pokerati’s plans for recording as many as possible and sharing them with you and others who didn’t pay to attend.)

Either that wasn’t policy last year or I mighta missed the memo. (Oops?)

From Pokerati’s vast archive of yet-to-be-seen-or-heard content … have a listen to Fahrenkop’s 2010 G2E media pow-wow. And hear, now with the benefit of hindsight, what the AGA leader had to say about how some wanted to work with (or against) online poker sites such as Full Tilt and PokerStars … and what the vision was (and presumably still is) for a combination of state and federal regulations being the future path for legalized online gambling in the US.

AGA’s “new reality” (circa 2010): 1. Doing the Macau-rena; 2. “Hey Harry, pull my finger!”; 3. Poker (only) face.

MEDIA BRIEFING: Frank Fahrenkopf at 2010 G2E
40:22

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Posted by at 4:59 pm

September 7, 2011

Nevada Gaming Seeks Public Input for New Internet Rules

The Pre-Regulation of Online Poker

Nevada Gaming continues their overhaul of state regulations in preparation for online poker plus casino games and maybe some day, eventually, sports betting. The Gaming Control Board (GCB) will hold a workshop in Las Vegas (livestreamed to Carson City) on September 26, where they’ll be taking the pulse of public sentiment about where to draw the lines on matters that could directly impact many who work in the poker industry.

What’s on the agenda shouldn’t necessarily come as a surprise … licensing, affiliates, online operations, suitability, regulatory fees, technology standards yadda yadda … but does give a few clues about big decisions being considered for who may or may not get to make money off of all things online poker in the future:

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Posted by at 11:45 am

August 19, 2011

Online Gambling Past, Present, and Future

APCW Perspectives Weekly

This week’s online gambling headlines indicate a move toward regulation in the United States. J Todd takes a look at the history of our industry, and how what’s happened in our past is affecting our future.

Posted by at 2:23 am

July 17, 2011

Nevada Approves November Nine Sportsbook Wagers

Exacta combos promise big payouts

The fully licensed and regulated prop bets available in Nevada sports books for the November Nine are out. And this go-round seems much more sensible than their pilot WSOP wager offerings.

Punters here will now legally be able to bet on:

The Winner
Top Two Finishers

Click here to read official notice of the newly allowed wagers. I’m guessing it didn’t look good for the WSOP to be championing monster prop bets that existed in a “gray area” of Nevada Gaming regulations? Or they were simply pissed that so many of these wagers were going to Bodog? Or they wanted to provide November Niners an ability to hedge their bets. But unlike the case with Pete Rose, it doesn’t necessarily seem like in poker, that betting on one of your opponents will automatically keep you out of the Hall of Fame.

Posted by at 2:41 am

July 12, 2011

Approved: World Series of Propositions

Nevada regulators allow sports book action on WSOP results

Maybe this is old news and the press release is buried somewhere in the slush pile … but it seems the WSOP has found a way to allow even more gambling, officially, on World Series tournaments. Last week the Nevada Gaming Control Board approved five separate, specific prop bets related to the WSOP. That means now any sports book in Nevada can set their own lines and take action on:

  • Players from one of two groups of 13 to last longest
  • Will at least one player from a box of 3 make the money
  • Will a woman finish in the top 40
  • Will at least one of a group of 7 men last longer than all women
  • Age of the winner

Kinda a strange bunch of props imho … but hey, they do seem to support Rule #2 of Poker Life, which is, of course, “Never Stop Gambling.”

Should be interesting to see what kinda action Caesars wants to wrap around these newly approved fully legal prop bets … and what additional props show up in future lines.

All this became possible, btw, in January of this year, when Nevada Gaming approved and adopted amendments to Regulation 22, allowing the state’s casinos to offer wagers on events other than just horse races, greyhound races, and athletic events. So now, you can bet in Nevada on the outcome of non-sporting events such as The Academy Awards or American Idol … or whether or not one man out of a group of seven can outlast all women in a $1,500 no-limit hold’em tournament.

UPDATE: @OskarGarcia was all over this one last week, and noted that the Wynn became the first ever Nevada casino to offer non-sporting bets in their sports book with the above wager options on the WSOP. He also talks to a regulator who says this new practice should have big implications for betting on the November Nine.

Posted by at 2:56 pm

April 1, 2011

PokerStars FTWynn?

APCW Perspectives Weekly

pokerstars wynn law politics pokerThis week we cover another step toward online gambling regulation in the United States, as the announcement came that Poker Stars and Wynn Resorts have reached an agreement to work together! Also, updates on the upcoming iGaming Super Show and the latest from eCOGRA.

Posted by at 5:29 am

February 25, 2011

Texas Primed for Gambling Push

Casino resorts and poker bill on the legislative agenda

source: Texas Tribune

Hungry for Change? Texans apparently are ready for laws that keep gaming dollars in their cash-starved state.

Gaming legislation will again be on the agenda in Pokerati’s beloved home state of Texas — as it has been pretty much continuously since the days when “blue laws” prohibited us from shopping on Sundays. But this year Texas is friggin’ near-broke and public opposition to gambling is minimal, making hopes for passage of new gaming laws more promising.

A poll of registered voters taken earlier this month (conducted by the University of Texas and Texas Tribune) indicates 56 percent support full-on casino resorts in Texas, and fewer than 20 percent oppose any expansion of gambling or want to ban it altogether. A year ago, these numbers stood at 40 and 31 percent, respectively.

Meanwhile, state lawmakers are wrangling with one of the biggest budget deficits in the country and the need for contentious cuts to education, Medicare, veterans affairs, prisons … and just about every other department in an effort to close a budget shortfall estimated at $11-to-27 billion — bigger than any the state has ever had to face.

But before poker players get too excited about Texas’s economic woes going into the 2011 legislative session… with elevated hopes for gaming-law success (and fully legalized poker) also comes heightened opposition from well-monied morality-driven lobbies, and possibly cut-throat intra-ideological competition over whose bill gets the biggest push. And that doesn’t even begin to address the uncertain but possibly critical stake of the Chickasaw …

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Posted by at 3:17 pm