Posts Tagged ‘New Jersey’

December 16, 2013

Return of Online Poker (Jersey Style)

Adverts driving normalization (and re-normalisation) of American game

All three of these companies’ ads are in heavy rotation on the Trenton, NJ, transit station video displays like they belong. (Take that Bill Frist!)

Georges St. Pierre pimpin' for 888.

Georges St. Pierre pimpin’ for 888.

betfair casino nj transit Betfair in New Jersey offering more than just poker.

Betfair Casino in New Jersey offering more than just poker.

Ahh, Dear Old Party Poker, welcome home.
Ahh, dear old PartyPoker, welcome home.

Posted by at 1:38 pm

June 28, 2013

State by State by State by …

Inside Gaming: How will Nevada companies fare in New Jersey and beyond?

No one can say for certain how much New Jersey’s online gaming market will actually be worth.

State regulators, lawmakers, casino industry insiders and Wall Street analysts have estimated Internet wagers could generate as much as $1.2 billion in gaming revenues in the first year — roughly 40 percent of what Atlantic City’s 12 casinos collected in 2012.

That’s one reason Internet gaming providers have hopes for a seat at the table.

The state has outlined an aggressive schedule. Regulations have been drafted and the Casino Control Commission wants to see cards in the air — or on computer screens — by Thanksgiving.

New Jersey has restricted operation of online gaming to Atlantic City’s casinos, which have until June 30 to line up their website technology partners. The state set a July 29 deadline for completed applications to the Division of Gaming Enforcement.

Anyone missing the deadlines could be sidelined until next year.

More…


June 24, 2013

New Jersey for Sale?

@OPReport's Online Poker Bulletin

Weekly bulletin from OnlinePokerReport.com for June 24th …

logo-OPReport

STORIES WORTH WATCHING

#1. New Jersey - With a weekend deadline for potential licensees to announce partnerships, expect a flurry of activity – and possibly even the announcement of a casino sale agreement - in the next few days. Keep a close eye on Station / Ultimate Gaming, who have hinted they’ll be live in New Jersey at launch, and also the Trump properties.

#2. DiCristina - The general sense of observers is that the DiCristina hearing went well for poker players. Read a synopsis of the hearing at TwoPlusTwo (start at post #18) and at Diamond Flush, and then read Grange’s sober assessment of exactly what impact a favorable ruling would have on the legal status of online poker in the United States. There is no firm timeline for a decision, which could come as early as this week.

#3. Sheldon Adelson - The LVS CEO raised the hackles of online poker players with an opinion piece at Forbes  slamming online gambling regulation and a follow up interview with Bloomberg. Expect more information / insight in the days to come into why Adelson is choosing to publicly attack an industry he once embraced at this particular point in time – and perhaps another blast from Adelson.

… + THE WEEK THAT WAS

—————–

OPR OUTPUT

On this week’s Rabbit Hunt, Mark and I cover Adelson’s slam of online poker, WSOP happenings of note and the DiCristina hearing.

And here’s the latest installment of OPR’s comprehensive Online Poker in the States, providing regulatory updates for all relevant states in the U.S..

 

PICKS

#GoodRead - Kim Lund articulates the Migratory Patterns of Online Poker Players in an interesting piece over at QuadJacks.

@FollowGreat land-based casino coverage from David McKee over at @StiffsGeorges.

—————–

Get in touch

Chris Grove / chris@onlinepokerreport.com / @OPReport / Google + / Skype: chrisgrove404

Posted by at 10:00 pm

June 22, 2013

New Jersey + Canada vs. Pro Sports Leagues

NHL and NFL try to stop expanded betting options as casinos jockey for position

As New Jersey prepares for its next court hearing on Wednesday over its efforts to legalize sports betting, gaming officials in Canada are urging lawmakers to vote on a bill legalizing Las Vegas-style sports books.

A bill introduced almost two years ago would allow Canadians to wager on a single sporting event at a time. It’s also seen as way to draw U.S. gamblers to casinos just across the border from cities such as Detroit or Niagara Falls, N.Y.

Canada offers a sports lottery in which bettors can parlay three or more games, but single-game betting is illegal under the Canadian criminal code.

“We are like Delaware, which offers parlay cards for sports betting,” Paul Burns, vice president of public affairs with the Toronto-based Canadian Gaming Association, said in a phone interview. “Every sports bettor knows it’s not a great bet.”

Burns said legalizing sports betting would discourage Canadian bettors from wagering on National Hockey League or National Football League games offshore or with illegal bookmakers.

More…


June 18, 2013

Scheinberg Shuffle

@OPReport's Online Poker Bulletin

STORIES TO WATCH THIS WEEK

#1. PokerStars filed a request for interlocutory appeal late last week in connection with their attempt to purchase the Atlantic Club Casino. This week could bring a response from either the ACC or the NJ courts, moving us closer to a final resolution. Read an in-depth analysis of PokerStars’ filing on OPR here.

#2. New Jersey regulators recently set a deadline of June 30th for casinos to ink online gambling partnerships . With more than half of the state’s potential operators still unaffiliated, the new deadline could spark a series of deals in the brief window that remains. A deal involving Trump and an as-yet-unnamed partner could come this week.

#3. Illinois lawmakers will convene for a special session this week to address the state’s pension crisis. Gambling expansion and pension reform have been joined at the hip politically in Illinois, meaning that if pension reform is on the table, gambling expansion probably is too. Movement on online gambling is a long, long shot, but not completely implausible in a session that could potentially produce unexpected results.

… + THE WEEK THAT WAS

OPR OUTPUT

On this week’s Rabbit Hunt, Mark and I talk PokerStars’ appeal, Scheinberg’s settlement and controversy over the the growth of hold’em at the WSOP. And I offered what I see as 5 Reasons Rep. Peter King’s Online Gambling Bill is DOA.

Finally, I have a new article in the June issue of CEM - “Player Segregation in Online Poker: Fad or Future?”

PICKS

#GoodRead - Missed this one while I was on vacation, but Grange95 has the most in-depth writeup of thePokerStars Purchase Agreement with the Atlantic Club Casino that I’ve seen anywhere.


The OPR Weekly Bulletin is delivered directly to subscribers and appears first at OnlinePokerReport.com. To connect with Chris Grove: 
chris@onlinepokerreport.com / @OPReport / Google + / Skype: chrisgrove404.

Posted by at 10:55 am

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.

More…


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.

More…


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.”

More…


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

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

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