Posts Tagged ‘New Jersey’

May 14, 2013

New Jersey’s Top Gaming Regulator Warns of Overregulation

Says balance needed to ensure integrity, business investment

Atlantic CityAs chief regulator for New Jersey’s struggling casino industry, Matthew Levinson has an interesting balancing act.

The Casino Control Commission must ensure the market is free of corruption. At the same time, turning away potential investment could be viewed as counterproductive.

Levinson, 33, was appointed to a five-year term as the commission’s seventh chairman in August by Gov. Chris Christie.

In less than eight months on the job, he has experienced the gaming market’s financial ebbs and flows, the weeklong closure of casinos in October because of Superstorm Sandy, the emergence of online gaming giant PokerStars as buyer of a struggling Boardwalk casino, and the application of MGM Resorts International to regain its gaming license that it surrendered in 2010 after a stipulated agreement with the Division of Gaming Enforcement.

Also, New Jersey lawmakers approved legislation allowing Atlantic City casinos to offer Internet gaming, and Christie has pushed the casinos to allow sports wagering, a move being fought in federal court.

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May 10, 2013

Atlantic City Mayor Says Christie Has Been No Help to Gaming

New Jersey late to game adjusting for regional competition

Lorenzo LangfordAs a former dealer and pit boss on the Boardwalk, Mayor Lorenzo Langford is committed to seeing the city’s casino industry recover, despite his well-publicized disputes with New Jersey Gov. Chris Christie over reforms implemented by the state that the mayor says cut him and other city leaders out of the process.

Langford, Atlantic City’s mayor since 2002, was critical of Christie’s reform package that was passed by state lawmakers in 2011 and put authority over the city’s 12 casinos under the state through a newly created tourism district.

In an interview last Friday in his seventh-floor City Hall conference room, Langford said the first two years of Christie’s planned five-year program haven’t shown any notable improvements.

“The numbers don’t lie,” Langford said, citing gaming revenue statistics that showed declines of 6.9 percent in 2011 and 8 percent in 2012. Atlantic City tourism and gaming leaders, however, cite upticks in nongaming areas, such as luxury tax collections, sales taxes and occupied hotel room nights.

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April 22, 2013

Instapoker

Cheong wins Millions, Eyster wins WPT Seminole, Salsberg takes over WPT POY lead

Kevin Eyster Photo: World Poker Tour

Kevin Eyster
Photo: World Poker Tour


Today’s Boxscore

Kevin Eyster $660,395 – WPT Seminole Hard Rock Shootout
Joseph Cheong $1,343,370 – HK$1,000,000 Manila Millions
Pieter De-Korver $190,594 – EPT Berlin Cup


Joseph “subiime” Cheong had one heck of a time this last week with a couple big pops to his bankroll. He started off finishing second to Philipp Gruissem in the A$50,000 WSOP APAC High Roller rebuy event for $534,776 and followed up with by winning the Manila Millions for HK$10,428,000 ($1.3million and change, thank you exchange rate). Not a bad way to make his way through Asia.

Kevin Eyster is the latest WPT champion after winning the Seminole Hard Rock Shootout in Hollywood, FLA. Several big names made the Sunshine State trip including Jeff Madsen making his 2nd WPT final table with Faraz Jaka, Matt Giannetti, Doug Lee, and Dan Suied just missing the TV action. The top two in the race for WPT Player of the Year made the money but Matt Salsberg outlasted Paul Volpe to take over the lead with just a few events remaining. Next stop for the WPT is the bestbet Open in scenic, never boring Jacksonville, FLA.

Link Dump

Tweet of the Day – It has nothing to do with poker, instead it’s the rather quick TV career of sports reporter AJ Clemente. Plus I will take every chance to show Kevmath cursing.

QuadJacks to Relaunch Under New Management – Marco leaves QuadJacks for GPI, QuadJacks goes in the crapper, Marco jumps ship back to run QuadJacks to assemble the Avengers of Poker (or that’s what I’m going to call it until he comes up with a proper name).

Online Poker Choking in the Grey Fog of Legislative Uncertainty in Europe – The UK version of the Huffington Post takes a look at the world of online poker in Europe. I’m mostly adding the link dump for the awesome headline.

N.J. Treasurer Estimates $1.2 Billion in First Year Internet Gambling Revenue, Legislators Divided – Not too shabby of a forecast from the state treasurer, I think that would make some people happy.

Foxwoods owner signs online gambling partnership – Everybody is gearing up for online gambling in the US. Opponents would be better off just stepping aside and sticking their hand out. Foxwoods sign a partnership agreement with London-based GameAccount Network.

Posted by at 1:00 pm

Illinois Seeing (Poker)Stars

@OPReport's Online Poker Bulletin

From OnlinePokerReport.com for the week of April 22nd

STORIES TO WATCH THIS WEEK

#1. Pennsylvania  representative Tina Davis (finally) introduced a bill to regulate online gambling late last week. Expect more specifics to emerge this week; early word is that the license fee is $5m and the tax rate is 28%.

#2. Illinois members of the PPA just received a survey concerning PokerStars, leading one industry observer to speculate that Stars is considering buying their way into Illinois’ online gambling market. PokerStars wouldn’t need to take over a full casino to get in; electronic gaming license holders and advance deposit wagering license holders are also eligible to apply under proposed online gambling regulation in Illinois.

#3. Caesars is reportedly considering a sale of NJ property Showboat  - and the eligibility to apply for a New Jersey online gambling license that goes with it. It will be interesting to follow the story (and reaction from the markets) in the coming days. Will Caesars get a premium for the online component? And, if so, will that spark the sale of more New Jersey land-based properties?

+ THE WEEK THAT WAS

OPR OUTPUT

I took a look at the state of online gambling regulation across the United States. And Mark & I got our first episode of The Rabbit Hunt in the books. Finally, I joined Rich Muny for a panel discussion on PokerAdvocacy.

PICKS

#GoodRead - Dave Behr is setting the bar with his coverage of the federal indictment that’s reached into the world of high-stakes poker.

@Follow - @CAGamingLawyer had some great Twitter coverage of the Tribal Internet Gambling legal conference in Scottsdale, Arizona last week that’s worth reviewing.

More from Chris Grove: @OPReport / Google +

Posted by at 10:00 am

March 25, 2013

Full Tilt Takes the Fourth

@OPReport's Online Poker Bulletin

From OnlinePokerReport.com for the week of March 25th …

3 STORIES TO WATCH THIS WEEK

#1. Full Tilt Poker’s traffic slide just won’t quit. PokerStars has tried bonuses, splashy promotions and even PR stunts to prop up Full Tilt, so it will be interesting to see how PokerStars reacts this week – if they react at all – to FTP’s recent drop into 4th place (by cash game traffic).

#2. PokerStars & NJ: The online poker giant has yet to complete its NJ application. But the PR war between PokerStars and the AGA continues, and looks set to escalate as NJ marches closer to launching real-money online gambling.

#3. NY will almost certainly abandon their brief legislative flirtation with online poker this week when the state’s budget is finally passed.

A week filled with official holidays should ensure that the legislative lull of last week continues through the end of April.

+ THE WEEK THAT WAS

RECENTLY FROM OPR

Check out my latest article for Casino Enterprise Management - Five Things Full Tilt Poker Got Right.

PICKS

#GoodReadCalvinAyre.com published what is sure to be one of many pieces prescribing a remedy for what ails Full Tilt.

Neat - LIFE slideshow of unpublished photos taken around Vegas in 1955 (h/t @BrianPempus).

Posted by at 11:00 am

New Jersey Casinos to Offer Daily Fantasy Sports Tournaments

Loophole bets allow state to circumvent PASPA while awaiting court ruling

Atlantic CityWith its plans to legalize sports gambling held up in federal court, New Jersey is allowing casinos to offer daily fantasy games as an alternative.

The states Division of Gaming Enforcement has published regulations establishing standards for casinos to offer fantasy sports tournaments starting April 22. The casinos can charge patrons an entry fee and pay out winnings through the casino cage, but the activity is not considered gambling.

Fantasy sports tournaments are contests in which participants create and manage teams, made up of individual players from real teams, which compete against other fantasy teams based on statistics that players generate during real games.

It’s too early to tell how these fantasy games will affect sports book operators in Las Vegas.

“I’ve read the regulations and need to digest them to see what the opportunities look like,” said Joe Asher, CEO of Las Vegas-based William Hill U.S., which operates 160 sports books and kiosks statewide and is the risk manager for the Delaware lotterys parlay bets on National Football League games. “But obviously its a step in the right direction.”

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March 12, 2013

Gaming Stocks on the Rise with Passage of Internet Gambling Bills

Investors bullish for web casino futures

CaesarsLogoApproval of Internet gaming bills in Nevada and New Jersey less than a week apart helped fuel investors’ interest in the gaming industry during the last half of February.

The largest beneficiary was Caesars Entertainment Corp.

Nevada and New Jersey began implementing online gaming websites directed at customers gambling on computers or mobile devices within state borders.

Gov. Brian Sandoval signed Nevada’s interactive gaming bill Feb. 21 after less than one day of debate. Not to be outdone, New Jersey Gov. Chris Christie signed his state’s online gaming bill Tuesday after state lawmakers approved changes suggested by the governor when he vetoed the initial legislation.

Caesars owns four of Atlantic City’s 12 casinos. In Las Vegas, Caesars operates 10 casinos on or near the Strip.

But the company also owns the popular World Series of Poker.

More…


Intrastate of War?

@OPReport's Online Poker Bulletin

From OnlinePokerReport.com for the week of March 11th …

3 STORIES TO WATCH THIS WEEK

#1. PokerStars and the AGA  threw first punches last week in what could develop into an extended and mutually bruising battle. Are they interested in cooling down, or escalating further? This week should provide some clues. Also: It turns out PokerStars’ NJ application could drag out well into summer.

#2. IL and PA could both take legislative steps toward regulation. PA State Rep Tina Davis “might” introduce her bill mid-week (20% gross tax, no compacts, licenses to existing operators only). As for IL, look for clarification on the next step for online gambling after a planned Senate vote on the combined live/online gambling expansion bill was scuttled late last week. Seems like some IL Dems didn’t like what they saw?

#3. New Jersey was supposed to finish up a first draft of online gambling regulations last week. No word on what shape they’re taking, but with the pace to date I would expect more details – and more launch projections – as we move into the middle of March.

+ THE WEEK THAT WAS

RECENTLY FROM OPR

I offered my quick take on the Illinois gambling bill . And on the timing of the AGA’s petition to bar PokerStars from NJ, which I also discussed on last week’s TwoPlusTwo Pokercast.

PICKS

@Follow - It’s tax time, and U.S. poker players with questions would do well to follow both @QuantPoker and@taxdood.

#GoodRead -  …and to check out their respective blogs: quantitativepoker.com and taxdood.com

Posted by at 7:20 am

March 7, 2013

Did Caesars Really Just Try to Unload the Rio and the WSOP?

PokerStars avoids regulatory tangle by not taking the bait

CaesarsLogoCaesars Entertainment Corp. reportedly offered to sell the off-Strip Rio and the World Series of Poker to PokerStars, a spokesman for the owner of the online gaming business claimed in an email Tuesday.

The statement by Eric Hollreiser, head of corporate communications for The Rational Group, came a day after attorneys for the American Gaming Association wrote in a legal brief that PokerStars had been a “criminal enterprise for many years.”

The Washington, D.C.-based trade organization wants New Jersey gaming regulators to reject PokerStars’ application to operate the failing Atlantic Club Casino in Atlantic City.

Caesars representatives declined to comment on any “assertions” made by PokerStars.

Hollreiser, who is based at The Rational Group’s corporate offices in the Isle of Man, said PokerStars “declined the offer because we had no plans to acquire another casino in the near term.”

More…


March 1, 2013

Vegas Grinders: Just Reading My Soul, Everywhere I Go

New laws maybe, but new life really?

VegasGrinderImage
I’m tired of losing my shirt. What I could really use is a New Jersey.

This could turn out to be a momentous week in poker history … with both Nevada and New Jersey supposedly doing their part to bring online gambling properly to the American people. Of course even amid signatory celebrations, the day-to-day lives of Vegas Grinders have yet to change …

In this episode: Dave and Dan consider the implications (and a timeline) for the new Nevada law, while Andrew stays on his normal-hours kick long enough to find himself ballin’ with plumber cash. We inquire about the difference between daytime tables and nighttime tables in Las Vegas; there’s a pretty big and regular 30/60 O8 game taking shape at the Venetian; and with the Wynn Classic underway, what’s all the to-do about the latest specially named big-field tournament series anyhow? Is it like logging hours at South Point to wield a monster stack in their $125k freeroll? And is Mirage home to the softest 2/5 game in town?

Vegas Grinders 1.3

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All that and more … because while we may not be in iTunes yet, we do have listeners already, and they write in to ask about, er, actual poker hands? That’s right, Vegas Grinders break it down for you … this week exploring the nuance of playing pocket 10s as a local vs. any potential value-shove from a probable tourist. At least I think that’s what we’re talking about. Boo-yah. Have a listen and a nice day!

Posted by at 5:49 pm

February 22, 2013

Instapoker

Nevada passes online gambling law, world doesn't immediately collapse

Christina Lindley Photo: Venetian Poker Room

Christina Lindley
Photo: Venetian Poker Room


Today’s Boxscore

Christina Lindley $4,920 – Venetian DSE Ladies Event
Matt Giannetti $298,304 – WPT Lucky Heart Poker Open
John Dolan $19,200 – 2013 LAPC $1,600 Bounty Event


Nothing like a little friendly competition to get legislation on the fast track. With New Jersey governor Christie getting close to putting his state in the market, Nevada moved quickly yesterday to pass an online gambling bill and get it signed into law putting them ahead in the game.

Amazing how fast the system can work when they want it.

Opinions vary about the impact of the new law including how soon and how effective the systems will be without opening up their games to other states. Success will depend on the size, diversity, etc of the player base and this law allows Nevada to negotiate with other states to offer internet poker. Even more companies are now lining up in Nevada to get in the game and hopefully other states follow along.

Smarter people than myself will be posting here soon with their thoughts.

Link Dump

Tweet of the Day


Dusty Schmidt: This Is My Brain, This Is My Brain On Poker – Who knows what any of this CardPlayer post means for all the other players, but Dusty Schmidt thinks online poker is frying his brain and willing to use an old drug commercial catch phrase to get your attention.

PokerRoom.com Closing – End of an Era? – They gone.

The Poker World Reacts to the Passing of Jerry Buss – This week saw the passing of LA Lakers owner and legendary poker player Jerry Buss. TimTern pulled together a fine list of the statements from around poker.

Meet the world’s top NBA gambler – ESPN the Magazine with an excellent (and lengthy) article on gambler/poker player/handicapper Haralabos Voulgaris.. Despite it’s length, only one mention of poker

WPT Baden – Day 1B : Sledding and Snowboarding – Kara Scott (and company) on the slopes during WPT Baden. Yes please, and thank you.








Posted by at 1:00 pm

February 1, 2013

Instapoker

Sam Trickett wins $250,000 Challenge, Andy Hwang latest WPT Champion

Sam Trickett Photo: PokerNews.com

Sam Trickett
Photo: PokerNews.com


Today’s Boxscore

Sam Trickett AU$2,000,000 – Aussie Million $250k Challenge
Andy Hwang $730,053 – Borgata Winter Poker Open Main Event


Sam Trickett is the next champion in Melbourne when he won the Aussie Millions $250,000 Challenge. One of the biggest buy-in tournaments around drew a tough two table sit-n-go with 18 players and a long $500k bubble. Trickett defeated Tobias Reinkemeier heads up for the title and $2,000,000 in Australian cash. This adds to his already impressive career totals but his first tournament cash since the end of end of August. The Aussie Millions Main Event final table will play down to a winner on Saturday with Dan Shak coming in as chipleader.

Andy Hwang is the latest WPT championship after winning the Borgata Winter Poker Open, which well surpassed the $2,000,000 guarantee with 1,042 entrants. Hwang began final table play with a decent chip lead but pulled away as play extended through the afternoon. Fan favorite Matt Salsberg was unable to capture his second WPT title of the season when he was eliminated in 6th place. Next stops for the World Poker Tour are the Seminole Hard Rock in Florida, WPT Vienna, and the massive LA Poker Classic.

Link Dump

Tweet of the Day – A lot of well deserved barbs as Team Phil Ivey keeps naming new pro for Ivey Poker with little in the way of information about what Ivey Poker really will be, Calvin Ayre with my new favorite. For the record, I like Christina Lindley (especially since she thought I was Kevmath for 2 years) and she’s the next addition to the team.

Poker Players Alliance Pessimistic About New Jersey Internet Gambling Bill – One week to go before a decision will be made and John Pappas is skeptical about the Jersey Bill getting signed.

Online Gaming Bill To Be Introduced In Pennsylvania – Yet another state trying their hand at an online gaming bill. As a resident of the Keystone State, I’m surprised if those chuckleheads in the state government can find their way to the capital without getting lost a dozen times. No chance.

Nate Silver and his five life lessons learnt from poker – Nate Silver is back in the news but this time for a little question and answer down in Australia, not for picking the next leader of the free world.

Williamsburg Douchebag Places Craiglist Ad Seeking, Ahem, Entertainment During Poker Game – The title of the article caught my attention, I stayed for the outrage.

Calling the Clock: Patrik Antonius – Fun Patrik Antonius interview with Lynn Gilmartin from PokerNews.






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Posted by at 4:00 pm

January 31, 2013

Borgata Group could Benefit if New Jersey Legalizes Net Bets

Inside Gaming

borgatalogoIt hasn’t been the best of times for Atlantic City.

The question now is whether intrastate online gaming is the panacea that revives the Boardwalk.

Union Gaming Group managing director Bill Lerner believes the state’s Internet gambling bill sitting on Gov. Chris Christie’s desk could benefit the two Las Vegas gaming companies that own Atlantic City’s largest resort.

But the bill, which would allow Atlantic City casinos to operate a full catalog of online games — not just poker — would have different results for Boyd Gaming Corp. and MGM Resorts International.

The Borgata, which is now 50-50 owned by Boyd and MGM Resorts, is the market leader in Atlantic City — collecting roughly 20 percent of Atlantic City’s $3.05 billion in gaming revenues in 2012 — and figures to hold the same role in a potential Atlantic City Internet gambling space.

More…


January 23, 2013

Instapoker

Borgata Winter Poker Open and LAPC underway, Negreanu withdraw from NHUPC

Joseph Stiers Photo: Borgata Poker Blog

Joseph Stiers
Photo: Borgata Poker Blog


Today’s Boxscore

Joseph Stiers $318,104 – Borgata Winter Poker Open NLHE
Aaron Massey $57,326 – Borgata Winter Poker Open NLHE Re-entry
Jason Bundy $29,000 – 2013 LAPC NLHE Double Stack


The two big festivals on opposite coasts are fully underway with the Borgata Winter Poker Open in absolutely frigid Atlantic City and the LAPC at the stylish Commerce Casino. The Borgata continues to draw great numbers despite less than ideal weather including the first event which nearly doubled it’s $1,000,000 guarantee. Joseph Stiers won the event to multiply his career earnings by 100.

In other news, the National Heads-Up Poker Championship had a sudden change in the field when Daniel “20 years too old to be called Kid Poker” Negreanu withdrew from the tournament. David “Doc” Sands was a top snub on the original list but will now take Negreanu’s spot. The tournament kicks off on January 24th.

Link Dump

Tweet of the Day

Meet the 2013 NHUPC Snubs – Andrew Feldman has his list of the NHUPC snubs which is lead by David “Doc” Sands but includes Tom Marchese who somehow managed to slip my mind. I like the idea of a Brandon Cantu/Jon Aguiar match, The Whine Bowl 2013.

Analyzing the NBC National Heads-Up Poker Championship List – PokerNews also presents their (extended) analysis of the NHUPC including quotes from every single writer on staff. They present “Mad Marvin” Rettenmaier as a top snub which is a solid pick.

Christie Has Doubts About New Jersey Online Gaming Bill – And now a couple looks at the NJ Online Gambling Bill currently awaiting action (or inaction) by Gov. Chris Christie. First up is Dave Behr writing for Bluff Magazine with his take.

Tankers Always Fold; or, Gov. Christie and the NJ Bill – And here is Short-stacked Shamus with his thoughts on the NJ bill.

WSOP VIDEO: Cover Story with Kara Scott – The Global Poker Index Awards were presented last night and the only winner worth noting would be Kara Scott for Poker Personality of the Year. So today’s video is from Bluff Magazine this summer during the WSOP.

Posted by at 5:00 pm

January 20, 2013

Inside Gaming: Wall Street Likes PokerStars Deal to Buy Atlantic Club

But what will New Jersey say?

Wall Street is sold on the parent company of online gaming giant PokerStars taking ownership of a downtrodden casino in Atlantic City.

The question that remains is whether or not New Jersey gaming regulators will sign off on the deal.

On Tuesday, Isle of Man-based The Rational Group, which owns PokerStars and Full Tilt Poker, filed papers with the New Jersey Division of Gaming Enforcement, seeking approval to purchase the Atlantic Club Casino Hotel from Resorts International Holdings.

There is now a 90-day period in which the Division of Gaming Enforcement will conduct an investigation and then report its findings to the New Jersey Casino Control Commission. The casino commission will then have 30 days to hold hearings and ultimately make a determination on suitability.

More…