Positive Internet Gambling Views At California Conference

POSITIVE INTERNET GAMBLING VIEWS AT CALIFORNIA CONFERENCE

25th May, 2014 at 03:02:38
Source: http://www.azonlinecasinos.com

And informed delegates give the lie to CSIG statistics.

According to local media reports Friday's California Conference on Online Gaming organised by Capitol Weekly was a generally positive and informative affair attended by an impressive number of knowledgeable industry people.

That fact alone should have warned politician Fabian Nunez a spokesman for Sheldon Adelson's Coalition to Stop Internet Gambling (CSIG) to stay with the facts on New Jersey e-gaming revenues.

Unfortunately he reportedly misrepresented the numbers after pulling the now very tired CSIG attention-getter of hauling out his cellphone and asking whether America wanted a casino everywhere.

Challenged with hard facts on his interpretation of the statistics by a well-informed Eric Sprague from the respected information site FlopTurnRiver.com, Nunez appeared to be embarrassed and at a loss for a credible response.

Interesting points from the various panel discussions included:

* The issue of whether "bad actor" provisions should be included in California's online gambling legalisation laws remains highly divisive, especially at tribal level, and is key to the legalisation debate. Some tribes favour a position that leaves it up to the experienced and independent state regulator to determine who is suitable for licensing, and others taking a more politicised and commercially protective stance that could exclude Pokerstars and other foreign operators as alleged "bad actors".

* Technology has now advanced to the stage where it can confidently be used to exclude the under-aged and vulnerable, establish physical location, verify identity and track any suggestion of criminal activity such as money laundering.

* Regulation provides more effective protection for consumers than prohibition, which inevitably leads to black-market activities by undesirable operators.

* Politicians continue to wave their hands and largely "dance around" the licensing of established and respectable operators like Pokerstars despite its international recognition as a market leader with regulatory awards from leading nations in Europe and around the world, along with years of operational experience and integrity.

* There is recognition that legalised intrastate online poker can deliver tax revenues and jobs.

* Online operator technology probably has better player-protective tracking capability than land casinos, and there are case histories to illustrate the point (one delegate pointed to the recent land gambler claim of losing $500,000 whilst drunk.)

* Better awareness of the capabilities of online operators needs to be created to dispel ignorance and even deliberate misinformation from some quarters.

* Empirical evidence is now available showing that online gambling does not "cannibalise" business at land casinos.

NITSCHE CLAIMS WORLD SERIES OF POKER WINNER'S BRACELET IN ATLANTIC CITY

Poker pro earns $352,800 in the 2014 WSOP National Championship.

The 23-year-old German poker pro Dominik Nitsche bested a 126-player field to claim the honours and the $352,800 main prize in the buy-in 2014 WSOP National Championship in Atlantic City Saturday.

The entry list was made up of made up of the top WSOPC performers over the season plus freeroll qualifiers on WSOP.com, but the top 100 WSOP Player of the Year point leaders could also buy in for $10,000, and Nitsche availed himself of that option

The young German faced a six-man final table that included Athanasios Polychronopoulos, Matthew Ashton, Christopher Bibb, Tracy Doss and Andrew Robinson and was played outdoors on the famous Atlantic City Boardwalk.

Heads-up it was Nitsche vs. Athanasios Polychronopoulos with the German holding a 2 to 1 chip lead that he managed to leverage into victory after just 31 hands, sending his Greek opponent home with a still creditable $218,056 second placing pay check.

In all, the final table took just five hours to reach a conclusion and award Nitsche with his second WSOP winner's bracelet.

Former WSOP Main Event champs Ryan Riess and Greg Merson were among those who anted up $10,000 to enter for the event, but neither made the final table.

Related News Tags: , , , , , , , ,



« News index »



SPAIN'S ONLINE GAMBLING MARKET HAS A SOUND FUTURE

29th March, 2017 at 19:48:16
Analyst says sector likely to deliver Euro 500 million in Revenues in 2017.

BULLISH FORECAST FOR PENNSYLVANIA ONLINE GAMBLING

28th March, 2017 at 19:47:54
Hundreds of millions of dollars in new tax revenue possible with legalisation.

ONCE RATIONAL GROUP IS PAID OFF, WILL AMAYA BE LOOKING FOR ACQUISITIONS?

24th March, 2017 at 16:47:40
$4.9 billion consideration agreed for Rational Group in 2014 is due for final payment this year...but what then for Amaya?

MORE DETAILS ON COSTA ONLINE GAMBLING LEGALISATION BILL IN PENNSYLVANIA (Update)

21st March, 2017 at 21:54:56
Senator Jay Costa introduces his bill SB524 with the support of three other senators.

INDONESIAN ONLINE GAMBLING BUST

21st March, 2017 at 14:44:19
Nets three suspects.