Posts Tagged ‘featured news’
by jtimms | Published: Monday, December 9th, 2013
According to a recent article published by the Associated Press, online poker has the potential to cause serious effects to Caesars Entertainment’s four physical (land-based) casinos in Las Vegas and Atlantic City.
In a declaration to regulators this past week, Caesars outlined their concern of online poker, and more specifically gambling as a whole, which they believe could substantially reduce visits to their premises at both locations and the potential harm this could bring to the company as a whole.
The report in question, delivered to the U.S. Securities and Exchange Commission, clarified that online poker and gambling would “compete” with their physical casinos.
“Caesars will, and other online providers do, offer online gaming options that compete with our live poker offerings in Nevada and New Jersey” the report from Caesars outlined.
“Expansion of online gaming in Nevada, the commencement and expansion of online gambling in New Jersey and the introduction of online gaming in other jurisdictions may further compete with our operations.
“Online gaming may reduce customer visitation and spend in our traditional casinos in Nevada and New Jersey, which could have an adverse impact on our business and result of operations.”
The report highlighted Harrah’s Resort, Caesars Atlantic City, Bally’s Atlantic City and the Showboat Casino as most likely to cop the brunt of online gambling, as New Jersey allows a complete online casino experience, whereas Nevada only offers online poker.
Gary Thompson, spokesperson for Caesars outlined to the Associated Press that report was vital for a number of reasons.
“There are legal reasons for including cautionary language for potential issues that, while we consider them less rather than more, likely, could impact our operations.
“While it’s a legal requirement to include such language as this among potential risk factors, our experience has been that opening new channels to reach potential new customers and offer them the benefits, among others, of our Total Rewards program, has not caused visitation declines.”
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by jtimms | Published: Thursday, December 5th, 2013
Following more lengthy debate involving key personnel, it seems online poker will not be breaking into the Massachusetts market any time soon.
While the state’s first Las Vegas/Atlantic City-style commercial casino may only be a few years away, the Milford Daily News reported recently that the vendors and regulators would likely leave the idea of online poker on the backburner until such time as the casino properties are completely up and running and 100% stable.
Outlined in the Milford Daily News report, the state’s leading gaming regulator was quoted as saying “We also have taken the position that Massachusetts shouldn’t do anything in online gambling until our bricks-and-mortar people are selected, because they out to be at the table when we do this. You can’t expect somebody to give us $85 million and then spend a billion to build a facility and change the rules of the game on them a year or two down the road,” Further highlighting internet betting as a whole as a “major unknown question.”
Massachusetts made huge steps towards a completely legalized gambling state in 2011, when allowing three Las Vegas-style casinos and a slots parlor, though it has been a slow process since as the state has continued to debate as to who will receive building and license rights.
Many firms have tried their hand at competing for the licenses in question, which are authorized for many varying locations throughout the state, and as of 2013, only a handful remain in the hunt.
Currently, only Nevada, New Jersey and Delaware have legalized web poker.
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by jtimms | Published: Monday, December 2nd, 2013
Despite a few hiccups following the ‘soft launch’ last week, New Jersey online gambling has continued steady growth, peaking with more than 5,000 new online gamblers signing up on Thanksgiving day alone; boasting a total of more than 37,200 accounts by the end of Thursday night.
Initially made live for all qualifying gamblers on November 26th (following a five day trial period for software to be tested), six casinos including Borgata Hotel Casino and Spa, Trump Taj Mahal Casino Resort, Trump Plaza Hotel and Casino, Tropicana Casino and Resort, Caesar’s Atlantic City and Bally’s Atlantic City (the Golden Nugget is still completing tests and is expected to enter the market later this week) were all given full permits to provide real-money only gambling to patrons within New Jersey state lines.
Director of the state Division of Gaming Enforcement David Rebuck commented on his delight at the launch, and provided an insight into the tireless hours spent ensuring the best quality product.
“I am pleasantly pleased … I’m also very tired because for the last seven days, all I’ve been doing is worrying this was going to crash” Rebuck said.
Despite all the worry in the lead up to launch, only a few problems were found and were largely related to geo-location services as a result of the technology’s inability to work beyond New Jersey state borders. Essentially, many gamblers had trouble logging onto an online gambling site, however almost all related issues have now been ironed out.
The problem facing New Jersey online gambling heading into the future is players depositing money into their accounts; as outlined by Bloomberg last month, several major banks have been overly cautious in regards to online gambling transactions.
Despite these minor hurdles, New Jersey wasted no time climbing to the top and have already pulled ahead of Nevada as the nation’s preferred casino-run Poker rooms.
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by jtimms | Published: Thursday, November 28th, 2013
Now is the time to head over and sign up at Bovada Poker, as the leading online poker room is offering a host of incredible bonuses and a new list of daily poker tournaments!
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These amazing Poker Power Play Tournaments will run every day from now until December 15, 2013, so be sure to check the qualifier and satellite schedules below and hit the online felt to claim your share of all the extra cash on offer!
How you secure your spot in one of the lucrative satellites is really up to you. Enter for as little as $0.22, or take advantage of one of the many great last chance qualifiers and make it in just before it all comes down to the wire!
From Monday through Saturday every week, Poker Power Play Tournaments takes place from 9PM EST, and Sundays from 4PM EST.
Be sure to head over to Bovada Poker today and start getting in on this limited-time offer by upping your daily dose of poker and getting in on all the tournament action you can handle! For the full schedule of events running from now until the closing date, December 15, check out the Bovada Poker schedule on your next visit!
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Bovada Poker are truly raising the online poker stakes with these incredible new daily tournaments, so don’t forget to head over and get involved before closing date in only a couple of weeks’ time!
by jtimms | Published: Wednesday, November 27th, 2013
The World Poker Tour has announced a return to Asia scheduled for this December, with the maiden WPT Korea event set to feature on the island province of Jeju, off the south coast of mainland Korea.
Ear-marked as major draw cards of the event is the $2,700+300 buy-in WPT Korea Main Event, as well as the final table of the WPT National China event and will be battled out at the Ramada Plaza Hotel’s WPT Club Phoenix Poker Room from the 15-19 of December, 2013.
WPT President Adam Pliska outlined the body’s delight in the addition of the quickly approaching event.
“After the success of our recent event in China, we’re looking forward to attracting a strong field in Jeju as we expand the WPT brand further into Asia” Pliska said.
“With two final tables playing out in the same venue just days apart, we’re confident that the launch of WPT Korea will be just the beginning of more WPT events throughout the region in coming seasons.”
Set to feature two Day 1 flights with re-entry, the WPT Korea will also mark a first for the entire World Poker Tour, as it will be the first occasion in the tour’s history that a live final table will be held at the same venue simultaneously.
On the first day of play, the final table of the WPT National China will be moved to Jeju (as previously outlined), where the event will be live streamed for viewing by literally anyone in the world. The WPT National China will award over $254,000 to the last man standing, which each player at the final table receiving a complimentary entry into the WPT Korea Main Event.
Already set to attend are such familiar Poker names as WPT Executive Tour Manager Matt Savage, with commentary from Lacey Jones, Xuan Liu and Tony Dunst, the latter of which recently claimed the WPT Caribbean in St. Maarten.
Also set to feature at the WPT Korea will be a Super Elite Cup High Roller event, along with several other key tour events, available to view in full at the WPT website.
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