Join:
2006/12/07
Messages:
29893
Select your timezone:
The link between online poker and televised poker has been strong ever since an online qualifier with the improbable name Chris Moneymaker won the 2003 World Series of Poker Main Event.
However, the 2011 crackdown by the Department of Justice threw a monkey wrench into the well-oiled symbiosis between online poker sites and televised poker. No longer allowed in U.S. markets, sites like PokerStars and Full Tilt Poker ceased to underwrite these televised poker shows.
Because of this, and with online poker’s legality up in the air, television networks decided to drop most of their poker programming.
Read more: Poker Night In America At Front Of Second Wave Of Poker TV
However, the 2011 crackdown by the Department of Justice threw a monkey wrench into the well-oiled symbiosis between online poker sites and televised poker. No longer allowed in U.S. markets, sites like PokerStars and Full Tilt Poker ceased to underwrite these televised poker shows.
Because of this, and with online poker’s legality up in the air, television networks decided to drop most of their poker programming.
Read more: Poker Night In America At Front Of Second Wave Of Poker TV
Join:
2006/12/07
Messages:
29893
While many are hoping that regulated online poker will one day spread throughout the U.S., the handful of remaining poker sites and networks that service the U.S. market continue to operate.
Players in the U.S. who would like to play online poker and are not located in the three regulated states must take a chance at the likes of Bovada, Merge, Chico, Equity or the Winning Poker Network (WPN). The risks are well-known to most – that the lack of U.S. regulation could result in the DoJ once again clamping down on those non-regulated sites. Or, the poker rooms may just stop paying players and disappear a la Lock Poker. Either way, players may be left with nowhere to turn to recoup their account balances.
However, one other scenario is possible. That ipoker legislation will continue to move at a snail’s pace and the unregulated poker sites will continue to operate unabated – perhaps for years – attracting new players and growing. WPN is banking on the last possibility and has been running promotions toward that end.
Read more: Unregulated WPN Aims for Bigger US iPoker Market Share
Players in the U.S. who would like to play online poker and are not located in the three regulated states must take a chance at the likes of Bovada, Merge, Chico, Equity or the Winning Poker Network (WPN). The risks are well-known to most – that the lack of U.S. regulation could result in the DoJ once again clamping down on those non-regulated sites. Or, the poker rooms may just stop paying players and disappear a la Lock Poker. Either way, players may be left with nowhere to turn to recoup their account balances.
However, one other scenario is possible. That ipoker legislation will continue to move at a snail’s pace and the unregulated poker sites will continue to operate unabated – perhaps for years – attracting new players and growing. WPN is banking on the last possibility and has been running promotions toward that end.
Read more: Unregulated WPN Aims for Bigger US iPoker Market Share
Join:
2006/12/07
Messages:
29893
At the start of this year there were high hopes California would soon join Nevada, Delaware and New Jersey in offering regulated online poker. That aspiration, however, has now vanished after the 2015 California legislative session drew to a close on September 11th without the Golden State’s various disparate gaming interest reaching consensus on the issue.
Assemblyman Adam Gray’s bill, AB 431, came closest to getting a full vote after passing the Assembly’s Governmental Organization Committee in May, but in the end his shell bill only served to keep iPoker’s legislative hopes alive for the year. In the meantime, other bills, including those of State Senator Isadore Hall (SB278) and Assemblyman Mike Gatto (AB 9) failed to attract much attention in the legislature.
One year before Black Friday, California accounted for 16% of U.S. iPoker revenues, and 4% of the global market. It has since been estimated that a potential Californian online poker industry could generate more than $380 million in annual revenues for the state, but the biggest issue holding back legislation is the lack of agreement between tribal casino groups, card clubs, racetracks and other firms looking to be included in the biggest iPoker market in the U.S.
- See more at: California iPoker Efforts Over For 2015
Assemblyman Adam Gray’s bill, AB 431, came closest to getting a full vote after passing the Assembly’s Governmental Organization Committee in May, but in the end his shell bill only served to keep iPoker’s legislative hopes alive for the year. In the meantime, other bills, including those of State Senator Isadore Hall (SB278) and Assemblyman Mike Gatto (AB 9) failed to attract much attention in the legislature.
One year before Black Friday, California accounted for 16% of U.S. iPoker revenues, and 4% of the global market. It has since been estimated that a potential Californian online poker industry could generate more than $380 million in annual revenues for the state, but the biggest issue holding back legislation is the lack of agreement between tribal casino groups, card clubs, racetracks and other firms looking to be included in the biggest iPoker market in the U.S.
- See more at: California iPoker Efforts Over For 2015
Join:
2006/12/07
Messages:
29893
Quick question, this is the closest thread to my question that I can find, sorry. I’m looking for anyone that has any information on whether importing hands from a site like hhsmithy.com into PT4 or HM2 will give you an advantage, like on Stars or PartyPoker? Any information would be helpful, thanks guys!
Join:
2015/06/20
Messages:
3
Another brainchild of Betsoft has recently made its debut in world of mobile slot games. If you’re a fan of classic slots with a modern edge, Event Horizon is a must-play. Combining all the classic features of traditional slot models with innovative new features and celestial graphics, Event Horizon takes your everyday slot to the next level. It’s easy to play and easy to win. See for yourself what the hype is all about and check out Event Horizon at Bodog Casino from your mobile device or desktop.
Event Horizon is a 243-way video slot game that has something for everyone. The main points of interest here are the clean, classic style paired with captivating visuals and loads of winning potential thanks to exciting bonus features such as the Sync Reels feature. When identical symbols fall side-by-side on the reels those reels will expand to sync up as many as five reels all at once. As for the symbols you can expect the standard fruit, sevens, bars, as well as some fun cosmic additions and an any-way-payout style. The classic Wild symbol is a blazing comet that can occur on reels 2, 3, 4 and 5 and can substitute for any of the games symbols. The event horizon is said to generate the greatest magnetic pull in the universe and this game was conceived with those powers in mind. This is a 3-D slot that will appeal to any type of player and has the potential to pay out some major coin. ([url="www-ixgames-com/reviews/casino/bodog-casino/"]Bodog Casino[/url])
Team ixgames.
Event Horizon is a 243-way video slot game that has something for everyone. The main points of interest here are the clean, classic style paired with captivating visuals and loads of winning potential thanks to exciting bonus features such as the Sync Reels feature. When identical symbols fall side-by-side on the reels those reels will expand to sync up as many as five reels all at once. As for the symbols you can expect the standard fruit, sevens, bars, as well as some fun cosmic additions and an any-way-payout style. The classic Wild symbol is a blazing comet that can occur on reels 2, 3, 4 and 5 and can substitute for any of the games symbols. The event horizon is said to generate the greatest magnetic pull in the universe and this game was conceived with those powers in mind. This is a 3-D slot that will appeal to any type of player and has the potential to pay out some major coin. ([url="www-ixgames-com/reviews/casino/bodog-casino/"]Bodog Casino[/url])
Team ixgames.
Join:
2006/12/07
Messages:
29893
winbotter wrote:
Quick question, this is the closest thread to my question that I can find, sorry. I’m looking for anyone that has any information on whether importing hands from a site like hhsmithy.com into PT4 or HM2 will give you an advantage, like on Stars or PartyPoker? Any information would be helpful, thanks guys!
I hope that i can coming back with some answers😡
Join:
2006/12/07
Messages:
29893
Manne wrote:
I hope that i can coming back with some answers😡
Depends how many tables you play at, some players do not get an advantage from using PT4 or HM2. But the more hands/tables you play per day the better. Also remember that either software may not work on all sites, so do your research before jumping the wagon.
Join:
2006/12/07
Messages:
2120
Bodog Casino is now offering Genesis Gaming’s new slot The Final Rose. Just as the name suggests, this game is based off the popular reality show Bachelorette. Whether you’re familiar with the heart-wrenched television show or not it, doesn’t really matter as this impressive new video slot can stand on its own. All slot lovers alike will be drawn in with its 5 reel, 25 paylines, free spins, wilds, random multipliers and more.
From the minute you hit spin, the mood will be set with bouquets of roses, red velvet background, champagne flutes, the bachelorette herself and of course the handsome men vying for her attention, and becoming the recipient of the final rose. All symbols are outlined with gorgeous details and features great bonus rounds like the Bachelorette Free Spins Mode.
There are many free spins to be had playing this game. Between the Bachelorette Free Spins Modes, Random Multipliers and the chance to keep retriggering even more spins, your chances of breaking the bank looks pretty promising.
It’s going to be hard not to fall for this slot game. Genesis Gaming did an awesome job recreating the show in slot form with attention to details on the important aspects of the show. While there may not be the drunken parties out at pool side, the payouts and entertainment level make up for it.
Also this week at Bodog Casino announced a fantastic three jackpot win for a lucky player. Alexander D. a California native did the impossible winning three jackpots in one day. The massive $105,250 win accumalted from three of Bodog casino’s most popular slots, Greedy Goblins, At The Copa and Tri Card Poker in the mobile casino.
They say good things come in threes, and Alexander’s win is the epitome of that statement. Once again as in previous wins at Bodog, those darn Greedy Goblins were once again the biggest payout for Alexander’s big win, giving the player a $77,625 win. The biggest news here however is Alexander has won two jackpots on seperate occasions at Bodog playing Greedy Goblins which combined for over $300,000.
Bodog Casino week after week has made players winners and with a $10 bonus if you’re completely new to Bovada, you’re also want to get in on the $3,000 Welcome Bonus that’s available at sign up.
From the minute you hit spin, the mood will be set with bouquets of roses, red velvet background, champagne flutes, the bachelorette herself and of course the handsome men vying for her attention, and becoming the recipient of the final rose. All symbols are outlined with gorgeous details and features great bonus rounds like the Bachelorette Free Spins Mode.
There are many free spins to be had playing this game. Between the Bachelorette Free Spins Modes, Random Multipliers and the chance to keep retriggering even more spins, your chances of breaking the bank looks pretty promising.
It’s going to be hard not to fall for this slot game. Genesis Gaming did an awesome job recreating the show in slot form with attention to details on the important aspects of the show. While there may not be the drunken parties out at pool side, the payouts and entertainment level make up for it.
Also this week at Bodog Casino announced a fantastic three jackpot win for a lucky player. Alexander D. a California native did the impossible winning three jackpots in one day. The massive $105,250 win accumalted from three of Bodog casino’s most popular slots, Greedy Goblins, At The Copa and Tri Card Poker in the mobile casino.
They say good things come in threes, and Alexander’s win is the epitome of that statement. Once again as in previous wins at Bodog, those darn Greedy Goblins were once again the biggest payout for Alexander’s big win, giving the player a $77,625 win. The biggest news here however is Alexander has won two jackpots on seperate occasions at Bodog playing Greedy Goblins which combined for over $300,000.
Bodog Casino week after week has made players winners and with a $10 bonus if you’re completely new to Bovada, you’re also want to get in on the $3,000 Welcome Bonus that’s available at sign up.
Join:
2006/12/07
Messages:
29893
Online poker players beware. There may be someone at your table looking at your cards, but they’re not standing behind you. It’s a warning everyone needs to hear, even if they’re not the one playing.
That’s because there’s a new computer virus making the rounds, and it’s giving cheaters an unfair advantage.
Security experts say hundreds of players have been duped into the scam on websites like “Poker Stars” and “Full Tilt Poker.” After the virus is installed onto your computer, it downloads poker-related programs. It then takes screenshots of the infected players’ cards and sends it to hackers. They then join online tables where their victims are playing and end up stealing their money.
The scam is concerning for professional players.
“Hopefully this is going to be rectified somehow, so that we can continue doing what we love for a living and hopefully poker will be around for a very long time,” said Maria Ho, Professional Poker Player.
Despite federal and state bans, millions still find ways to gamble online, typically on websites based outside of the country.
Security experts advise you keep your anti-virus software up-to-date and remove any suspicious files.
Team ixgames
That’s because there’s a new computer virus making the rounds, and it’s giving cheaters an unfair advantage.
Security experts say hundreds of players have been duped into the scam on websites like “Poker Stars” and “Full Tilt Poker.” After the virus is installed onto your computer, it downloads poker-related programs. It then takes screenshots of the infected players’ cards and sends it to hackers. They then join online tables where their victims are playing and end up stealing their money.
The scam is concerning for professional players.
“Hopefully this is going to be rectified somehow, so that we can continue doing what we love for a living and hopefully poker will be around for a very long time,” said Maria Ho, Professional Poker Player.
Despite federal and state bans, millions still find ways to gamble online, typically on websites based outside of the country.
Security experts advise you keep your anti-virus software up-to-date and remove any suspicious files.
Team ixgames
Join:
2006/12/07
Messages:
29893
Ten-time World Series of Poker bracelet winner Phil “RaiseOnce” Ivey was the biggest winner in the online poker world over the past week, taking in roughly $447,000 on PokerStars, according to tracking data from HighstakesDB. The profits marked his second $400,000 week this month.
Despite the wins, Ivey is still down roughly $800,000 this year on the site. On Full Tilt, where Ivey plays under the screen name “Polarizing,” he is down roughly $1.2 million. All of Ivey’s action since July has been on PokerStars.
Other big winners over the past seven days include WRUUUUM ($400,783), taktloss47 ($277,080), Jens “Jeans89” Kyllönen ($210,025) and BERRI SWEET ($156,056). On the flip side, Viktor “Isildur1” Blom (-$386,832), WithColor (-$308,360), thecortster (-$266,750), Trueteller (-$215,243) and RaúlGonzalez (-$198,923) were the biggest losers.
The largest hand of the week was won by Kyllönen.
Read more: Online Poker: Phil Ivey Wins $447,000 In A Week
Despite the wins, Ivey is still down roughly $800,000 this year on the site. On Full Tilt, where Ivey plays under the screen name “Polarizing,” he is down roughly $1.2 million. All of Ivey’s action since July has been on PokerStars.
Other big winners over the past seven days include WRUUUUM ($400,783), taktloss47 ($277,080), Jens “Jeans89” Kyllönen ($210,025) and BERRI SWEET ($156,056). On the flip side, Viktor “Isildur1” Blom (-$386,832), WithColor (-$308,360), thecortster (-$266,750), Trueteller (-$215,243) and RaúlGonzalez (-$198,923) were the biggest losers.
The largest hand of the week was won by Kyllönen.
Read more: Online Poker: Phil Ivey Wins $447,000 In A Week
Join:
2006/12/07
Messages:
29893
Manne wrote:
Bodog Casino is now offering Genesis Gaming’s new slot The Final Rose. Just as the name suggests, this game is based off the popular reality show Bachelorette. Whether you’re familiar with the heart-wrenched television show or not it, doesn’t really matter as this impressive new video slot can stand on its own. All slot lovers alike will be drawn in with its 5 reel, 25 paylines, free spins, wilds, random multipliers and more.
From the minute you hit spin, the mood will be set with bouquets of roses, red velvet background, champagne flutes, the bachelorette herself and of course the handsome men vying for her attention, and becoming the recipient of the final rose. All symbols are outlined with gorgeous details and features great bonus rounds like the Bachelorette Free Spins Mode.
There are many free spins to be had playing this game. Between the Bachelorette Free Spins Modes, Random Multipliers and the chance to keep retriggering even more spins, your chances of breaking the bank looks pretty promising.
It’s going to be hard not to fall for this slot game. Genesis Gaming did an awesome job recreating the show in slot form with attention to details on the important aspects of the show. While there may not be the drunken parties out at pool side, the payouts and entertainment level make up for it.
Also this week at Bodog Casino announced a fantastic three jackpot win for a lucky player. Alexander D. a California native did the impossible winning three jackpots in one day. The massive $105,250 win accumalted from three of Bodog casino’s most popular slots, Greedy Goblins, At The Copa and Tri Card Poker in the mobile casino.
They say good things come in threes, and Alexander’s win is the epitome of that statement. Once again as in previous wins at Bodog, those darn Greedy Goblins were once again the biggest payout for Alexander’s big win, giving the player a $77,625 win. The biggest news here however is Alexander has won two jackpots on seperate occasions at Bodog playing Greedy Goblins which combined for over $300,000.
Bodog Casino week after week has made players winners and with a $10 bonus if you’re completely new to Bovada, you’re also want to get in on the $3,000 Welcome Bonus that’s available at sign up.
I'd like to be - one of them. But - I'm like - a wandering sheep - a wandering sheep on this Island.
Join:
2015/09/20
Messages:
247
nattika wrote:
I'd like to be - one of them. But - I'm like - a wandering sheep - a wandering sheep on this Island.
I'd like to be - one of them. But - I'm like - a wandering sheep - a wandering sheep on this Island.
play and in the end you will win money. You won't ever have to worry about money again–right? 😁
play and in the end you will win money. You won't ever have to worry about money again–right? 😁
Join:
2007/02/24
Messages:
1205
Bodog Casino is now offering Genesis Gaming’s new slot The Final Rose
These fun little multipliers can happen anytime and will offer anywhere between two and 10 free spins to help keep the suspense building as you play. Unfortunately, your free spins will expire if you enter the Bachelorette Free Spins Mode. Either way, you’ll be spinning for free so who’s complaining? Keep your fingers crossed because at any point during your free spins mode you could retrigger even more free spins.
It’s pretty hard not to fall in love with The Final Rose. With so many free spins to be had and such an irresistible theme, we think this game deserves a full five stars. The structure and layout are simple and it couldn’t be easier to get the hang of this game, making it appealing for beginners as well as all the pros who like to keep it interesting. Plus, between all the random multipliers and Bachelorette Free Spins Modes, your shot at getting lucky seems promising.
(Bodog Casino Offers Impressive Casino Games and Prizes)
Good Luck!!
These fun little multipliers can happen anytime and will offer anywhere between two and 10 free spins to help keep the suspense building as you play. Unfortunately, your free spins will expire if you enter the Bachelorette Free Spins Mode. Either way, you’ll be spinning for free so who’s complaining? Keep your fingers crossed because at any point during your free spins mode you could retrigger even more free spins.
It’s pretty hard not to fall in love with The Final Rose. With so many free spins to be had and such an irresistible theme, we think this game deserves a full five stars. The structure and layout are simple and it couldn’t be easier to get the hang of this game, making it appealing for beginners as well as all the pros who like to keep it interesting. Plus, between all the random multipliers and Bachelorette Free Spins Modes, your shot at getting lucky seems promising.
(Bodog Casino Offers Impressive Casino Games and Prizes)
Good Luck!!
Join:
2006/12/07
Messages:
29893
Manne wrote:
Bodog Casino is now offering Genesis Gaming’s new slot The Final Rose
These fun little multipliers can happen anytime and will offer anywhere between two and 10 free spins to help keep the suspense building as you play. Unfortunately, your free spins will expire if you enter the Bachelorette Free Spins Mode. Either way, you’ll be spinning for free so who’s complaining? Keep your fingers crossed because at any point during your free spins mode you could retrigger even more free spins.
It’s pretty hard not to fall in love with The Final Rose. With so many free spins to be had and such an irresistible theme, we think this game deserves a full five stars. The structure and layout are simple and it couldn’t be easier to get the hang of this game, making it appealing for beginners as well as all the pros who like to keep it interesting. Plus, between all the random multipliers and Bachelorette Free Spins Modes, your shot at getting lucky seems promising.
(Bodog Casino Offers Impressive Casino Games and Prizes)
Good Luck!!
Ten minutes after i post this we getting 2 winners.
Join:
2006/12/07
Messages:
29893
Manne wrote:
Ten minutes after i post this we getting 2 winners.
There are no secret tips that can guarantee a person will win on slot machines. But still it's fun to play there. 😁
Join:
2006/12/07
Messages:
29893
[CENTER]We’re excited to announce the launch of the Thanksgiving Weekend Bonuses Promotion at Bodog Casino.[/CENTER]
Online Casino Players can now celebrate the Fall holiday with cash bonuses all weekend long. From Friday through Monday, players can check their Available Bonuses daily for up to $1,000 in slots match bonuses.
What’s great about these exclusive Thanksgiving bonuses is that they can be used on over 100 new games that have been recently added to Bodog’s website. With the latest Rival game additions promising flashy graphics, thrilling storylines and big payouts, things keep getting better at Bodog Casino.
Good Luck!
Online Casino Players can now celebrate the Fall holiday with cash bonuses all weekend long. From Friday through Monday, players can check their Available Bonuses daily for up to $1,000 in slots match bonuses.
What’s great about these exclusive Thanksgiving bonuses is that they can be used on over 100 new games that have been recently added to Bodog’s website. With the latest Rival game additions promising flashy graphics, thrilling storylines and big payouts, things keep getting better at Bodog Casino.
Good Luck!
Join:
2006/12/07
Messages:
29893
Manne wrote:
[CENTER]We’re excited to announce the launch of the Thanksgiving Weekend Bonuses Promotion at Bodog Casino.[/CENTER]
Online Casino Players can now celebrate the Fall holiday with cash bonuses all weekend long. From Friday through Monday, players can check their Available Bonuses daily for up to $1,000 in slots match bonuses.
What’s great about these exclusive Thanksgiving bonuses is that they can be used on over 100 new games that have been recently added to Bodog’s website. With the latest Rival game additions promising flashy graphics, thrilling storylines and big payouts, things keep getting better at Bodog Casino.
Good Luck!
That is something for me.
Join:
2015/09/20
Messages:
247
nattika wrote:
That is something for me.
That is something for me.
Have fun nattika.
Have fun nattika.
Join:
2006/12/07
Messages:
29893
Online poker became a legalized activity in three states in the United States in 2013 – Nevada, New Jersey, and Delaware. During that time, other states have explored regulation but none have pulled the trigger. Over the next couple of years, several states are expected to begin or continue investigating whether they should offer iGaming to their citizens.
During their debates, they will look at the present regulated online poker market for suggestions and potential best practices for their state. Today we look at five things that other states can learn about online poker and iGaming legislation from states that have already regulated the game.
Stick With Experienced Operators
As we’ve learned the hard way in Nevada and New Jersey, it presently isn’t profitable for a company to start from the ground floor in the regulated marketplace. Ultimate Gaming attempted to do so and was out of business within a year. They just couldn’t carve out a large enough niche for themselves to survive in the market.
Real Gaming is the other ground floor operation that started in Nevada and while it is still in operation, it is doing much worse than Ultimate Gaming ever did in either state. The site presently average 3 players during peak hours and hasn’t average enough players to fill a Sit & Go in over a year. If not for the backing of South Point Casino in Las Vegas, we expect they would have shut down long ago.
Other licensees in regulated markets have chosen to partner with experienced operators such as 888 Holdings and bwin.party to provide online gambling services. This gives them a customizable backbone for their product along with brand recognition that was sorely missing with Ultimate Gaming and Real Gaming.
Abandon the Poker-Only Model
We’ve learned two important lessons in the last two years. First, gamblers want to play online casino games. Next, online poker is not growing on a state-by-state level. Over the last two years, online poker numbers have been steadily dropping and in New Jersey, iPoker is down 22.4% from 2014.
We aren’t saying that online poker isn’t viable but rather that it should be a part of a multi-faceted platform that includes online table games, slots and maybe even DFS. Daily Fantasy Sports is a booming industry and this is the time to get it regulated. States that choose to group DFS in with online poker and general iGaming will have the potential to reap huge rewards.
Set Realistic Expectations for Revenue in the First Five Years
Some analysts and NJ Governor Chris Christie set grossly inflated estimates for the first year of online poker in the state. Nevada also went a bit overboard, but nowhere near the insane numbers that were coming out for the Garden State.
Lawmakers need to look at first year numbers for Nevada, New Jersey and Delaware and adjust them for their market size to get a better idea of what to expect. Again, we recommend that they examine all angles and not just online poker.
Geolocation Works
What’s proven to be the most impressive feature of the regulated marketplace is the success of Geolocation and remote verification technologies. To date, there’s not been a single instance of underage gambling in any regulated state in the United States.
In addition, states have been able to successfully ring fence players in their state in a way that seemed science fiction just a few years ago. Any technology that can pinpoint players down to what side of a coffee shop they are sitting is pretty impressive.
Regulation is a Slow Process
When a state starts talking about regulating online poker or online gambling, we see a lot of wild claims about citizens being able to gamble online “later this year” or “by this time next year.”
The reality has been that online gambling regulation has taken at least two years to become a reality in most states. From the time an online poker or online gambling bill was introduced in any regulated state, it took at least 18 months before a bill was ultimately approved and games went live.
Keep in mind that after a bill is passed, online poker regulations have to be drafted and then licenses applied for an approved. Afterward, the various sites must be fully tested and approved for live play. This is not a quick process and any state wishing to explore iGaming should realize games will not go up immediately up legalizing the activity.
5 Lessons We Can Learn About Online Poker Legislation from Regulated States
During their debates, they will look at the present regulated online poker market for suggestions and potential best practices for their state. Today we look at five things that other states can learn about online poker and iGaming legislation from states that have already regulated the game.
Stick With Experienced Operators
As we’ve learned the hard way in Nevada and New Jersey, it presently isn’t profitable for a company to start from the ground floor in the regulated marketplace. Ultimate Gaming attempted to do so and was out of business within a year. They just couldn’t carve out a large enough niche for themselves to survive in the market.
Real Gaming is the other ground floor operation that started in Nevada and while it is still in operation, it is doing much worse than Ultimate Gaming ever did in either state. The site presently average 3 players during peak hours and hasn’t average enough players to fill a Sit & Go in over a year. If not for the backing of South Point Casino in Las Vegas, we expect they would have shut down long ago.
Other licensees in regulated markets have chosen to partner with experienced operators such as 888 Holdings and bwin.party to provide online gambling services. This gives them a customizable backbone for their product along with brand recognition that was sorely missing with Ultimate Gaming and Real Gaming.
Abandon the Poker-Only Model
We’ve learned two important lessons in the last two years. First, gamblers want to play online casino games. Next, online poker is not growing on a state-by-state level. Over the last two years, online poker numbers have been steadily dropping and in New Jersey, iPoker is down 22.4% from 2014.
We aren’t saying that online poker isn’t viable but rather that it should be a part of a multi-faceted platform that includes online table games, slots and maybe even DFS. Daily Fantasy Sports is a booming industry and this is the time to get it regulated. States that choose to group DFS in with online poker and general iGaming will have the potential to reap huge rewards.
Set Realistic Expectations for Revenue in the First Five Years
Some analysts and NJ Governor Chris Christie set grossly inflated estimates for the first year of online poker in the state. Nevada also went a bit overboard, but nowhere near the insane numbers that were coming out for the Garden State.
Lawmakers need to look at first year numbers for Nevada, New Jersey and Delaware and adjust them for their market size to get a better idea of what to expect. Again, we recommend that they examine all angles and not just online poker.
Geolocation Works
What’s proven to be the most impressive feature of the regulated marketplace is the success of Geolocation and remote verification technologies. To date, there’s not been a single instance of underage gambling in any regulated state in the United States.
In addition, states have been able to successfully ring fence players in their state in a way that seemed science fiction just a few years ago. Any technology that can pinpoint players down to what side of a coffee shop they are sitting is pretty impressive.
Regulation is a Slow Process
When a state starts talking about regulating online poker or online gambling, we see a lot of wild claims about citizens being able to gamble online “later this year” or “by this time next year.”
The reality has been that online gambling regulation has taken at least two years to become a reality in most states. From the time an online poker or online gambling bill was introduced in any regulated state, it took at least 18 months before a bill was ultimately approved and games went live.
Keep in mind that after a bill is passed, online poker regulations have to be drafted and then licenses applied for an approved. Afterward, the various sites must be fully tested and approved for live play. This is not a quick process and any state wishing to explore iGaming should realize games will not go up immediately up legalizing the activity.
5 Lessons We Can Learn About Online Poker Legislation from Regulated States
Join:
2006/12/07
Messages:
29893
.jpg?v=1.014689161)
.png?v=1.014689161)
That’s compared to the previous year, a rise that included an improvement in the company’s performance in regulated markets.
But the firm has also cautioned that online poker wasn’t a part of those improved results, noting that revenues actually declined significantly for its poker operations over the past year.
“Poker remains a challenging vertical due to unfavourable wider market trends,” Playtech wrote in its mid-year financial reporting. “Revenues [are] down 19 percent in the half compared to the same period last year, although already from a very low base.”
Read more: www-cardschat-com/news/playtech-up-in-revenues-except-for-ipoker-14811