Posts Tagged ‘Las Vegas’

Online Poker Could Harm Land-Based Caesars

by | 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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Online Poker Not Assured for Massachusetts

by | 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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World Series of Poker Announce New Site

by | Published: Wednesday, September 18th, 2013

The owners of the World Series of Poker have announced this week their plan to launch an online gambling website.

WSOP.com will be the second entry into the online Poker world on Nevada when it opens on Thursday, following Ultimate Gaming; a subsidiary of Las Vegas station casinos, who launched in April this year.

Available to players who live in and visit the state of Nevada, one of only a few states that have legalized online gambling to date, the site will further requite players to be 21 or older.

CEO Mitch Garber discussed the plan with excitement recently, delving further into the services the platform will offer.

“This is a historic moment for our company” Garber said.

“We will bridge land-based and online gaming in ways that have never been seen before”.

General Manager of Online Poker Geoffrey Stewart further discussed the link with Caesars Entertainment Corp, one of the more regulated and established casino operators of physical casinos in the United States, and made it clear the site will now be the only place to win seats at the actual World Series of Poker.

“This opens up a whole new category for the World Series of Poker brand, enabling us to connect with consumers year-round and reach them where they are most today; on digital devices” Stewart said.

Nevada regulatory authorities will monitor the ‘public field trials of cash, sit and go and satellite games’ which include single penny wagers and tournaments with buy-ins that start from as little as $1.10.

Games that have so far been announced include no-limit Texas Hold’em featuring both full table and shorthanded variations, as well as seven card stud and Omaha hi-lo.

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Months On – Black Friday’s Effects On Live Poker

by | Published: Thursday, August 4th, 2011

Black Friday was always going to have an effect not just on online poker, but across live tournaments as well.

At first it was feared live tournaments in the USA would slump drastically in numbers due to players being scared off from poker altogether.

Throw into the mix as well the fact many players no longer had the usual qualification avenues to win their way into the big tournaments.

In reality though the actual participation at many live tournaments across the country have remained relatively unchanged.

There’s the usual fluctuations up and down but on the whole there are no drastic differences between now and this time last year.

Sam Trickett is an English professional who’s played on the WSOP for four years.

The 25 year old is a specialist when it comes to live play no limit hold’em and this year he’s already notched up around $3 million.

He says there’s a noticeable difference in the tournaments this year, it’s not in the actual numbers but more the type of people that are there.

He says there’s plenty of people coughing up their own cash to get into the games either because they can’t play online or because they’ve already made the switch to live play.

“A lot of people did choose to take a shot and play off their own bankroll and only get staked if it didn’t go well,” Trickett said.

“It was good to see all these online players turning up who maybe aren’t as strong at certain elements of the game, and the fields were still big weren’t they?

“On a personal level I entered a few tournaments where I knew I wasn’t a favourite over the field, just to get experience and try to win a bracelet.”

Indeed there’s been a flood of new poker players in 2011 with names many people have never heard of making big inroads in some of the top tournaments.

Making it even harder to separate the pack is the fact the usual sponsors logo’s and patches are either different or no existent altogether.

Pokerstar’s patches, once a mainstream, are now rare and Fulltilt patches barely exist at all.

Not all online poker websites have disappeared though, in fact Trickett himself still sports the insignia of Titan Poker Titan Poker, a website we personally promote as one of the safest and best.

“It’s obviously a sign that the whole online poker market isn’t just Full Tilt and Pokerstars, even though that was the majority,” he says.

“Full Tilt flooded their pro market in the past and I can’t see how what they did is profitable, whereas the likes of Titan having smaller teams with well-respected players works well. Hopefully the Italian market opening up for cash games will help with sponsorship by improving liquidity for sites.”

He said that smaller teams such as Titan Poker Titan Poker could grow though with many European based players now left in limbo after Black Friday.

He says many have been offered new sponsorships but there may not be a big enough share to go around.

“I’m not sure how much that can offer you in the long-term,” he says, “[but] It’s probably a good idea to get on TV as much as possible at the moment.

“Still, we relied a lot on the patch deals before, so I’m not sure what direction we’re going to go with that now. Even though the industry isn’t dependent on Full Tilt to stay alive it is quite a big thing if they end up folding.”

For Trickett on the playing front the next big test will come in the Epic Poker League in Las Vegas.

He says this is a good example of an event where non-poker related companies are starting to come on board with financial backing.

He says it’s a trend that will only continue as the popularity of poker continues to blossom.

“I think it’s only a matter of time before non poker-related businesses get involved in poker, whether its energy drinks or sunglasses who start investing in sponsorships. Considering how big poker’s got, with thousands of people still playing online, it’s beginning to look like a good way for people to advertise.”

He says investment of this nature can only be a good thing for himself and poker in general as it will open it up to an even wider audience and in turn create further marketing and advertising opportunities.

That’s not completely discounting the importance of online poker websites though, Trickett says their survival is still directly tied to the growth of the game.

“The last thing you want to see is companies folding and not paying out players, as that will lead to players becoming paranoid and concerned that other companies might start folding as well,” he said.

“It doesn’t look good, in general, if Full Tilt ends up not paying its players does it?”

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Poker Brat Out As Las Vegas WSOP Continues

by | Published: Tuesday, July 19th, 2011

The Poker Brat is out of the game at this year’s WSOP Las Vegas with the pro failing to survive a brutal day of action in Nevada.

The 852 players that survived into the day were cut down to just 378 and cut as well were Phil Hellmuth’s chances of a 12th WSOP gold bracelet.

It means his dry spell during the Las Vegas leg of the WSOP now stretches to back to 2007 when he picked up over $600k in event #15.

He holds the record of 85 cash finishes but on his 47th birthday he missed that mark as well as he remains wihtout a win in 2011.

Phill Hellmuth has finished second in three events this year as he struggles to get back to the form that saw him rise to the very top of the world poker ranks.

His best ever was back in 1993 when he not only won two tournaments back to back, he won three, an incredible effort and one which earned him over $400,000 during a time when prize money was nowhere near as lucrative as it is today.

Things are different this year though and with such a wealth of high quality players around the place he’s struggling to dominate as he once did.

The Poker Brat wasn’t paid out this tournament finishing a few dozen spots away from the 693rd position, the biggest heart break though belonged to Reza Kashani who you guessed it, finished in 694th.

He was in remarkable spirits for someone who had come so close and there’s no doubt his performance was impressive given he only picked up the game a year ago.

Kashani was quoted as saying he would take , “a lot of good experience” from his first ever WSOP event and that it “is going to help me for next year”.

One big positive is that he’ll definitely be back next year as well, organisers deciding that he would gain free entry to the 2012 WSOP in Las Vegas, great news for a man who scraped the cash together himself this year.

Having said that he’d be excused for being a little annoyed that he didn’t pick up the $19,359 paid out for 693rd place.

He has thrown down the gauntlet though, remember the name Reza Kashani!

“All the players who are coming and will be here,” he said.

“They better watch out for me!”

As expected once the bubble burst out came a flood of others happy to have just limped into the cash out stage.

David Diaz, Todd Brunson, Chris Bjorin, Bryan Micon, Vanessa Rousso, Joe Serock, Sandra Naujoks, Robert Varkonyi, Jake Cody, Shannon Shorr, Dennis Phillips, Steve O’Dwyer, Andrew Chen, Berry Johnston, Jeff Madsen, Humberto Brenes and Jeffrey Lisandro were all among the players sent packing from Vegas.

In front at the start of day five is Manoj Viswanathan, he sits on $2,115,000 ahead of Sam Barnhart second on $1,925,000.

Rounding out third place is Pius Heinz on $1,887,000.

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