Jersey And Nevada Jump Wed For Poker – Will Texas Follow Them Into The Fold?

Posted by Gambling News | Gambling News,Poker News | Tuesday 10 September 2013 1:19 pm

We aren’t in the least little bit surprised to find out that the states of Nevada and New Jersey are considering jumping into bed together to offer online poker to US fans of this game. A joint online gambling market would mean greater liquidity for both operators and players if a bi-state gambling biz was the name of the game. When we talk about greeter liquidity, we mean much larger player pools, and therefore much more prize money to be won.

This idea is once again the brain-child of U.S. Sen. Harry Reid, who has been trying his damndest for years to get online gambling –re-legalised in the USA. Reid is a firm believer that people should be allowed to do whatever they desire, in the privacy and comfort of their own homes. We agree, as long as it is consensual and no innocent parties get hurt. The government could argue that online gambling can be addictive, but so are prescription drugs, cigarettes and alcohol which are all freely on sale, in the USA.

A bottle store owner doesn’t say to a customer – I think you have a drinking problem, and I will no longer sell you booze. By the very same token, ADULTS are the potential market for any online gambling activities, and they have the right to make their own decisions, as well as mistakes. Gambling is not the problem, people are the problem, and people therefore have to take responsibility for their own actions.

That having been said, State casino regulators and gambling business execs have been discussing the possibility of a merge in the form of a “New Jersey/Nevada internet gambling compact”. The reasons for this are quite clear, as we explained in the first paragraph, it is very possible that one State – on its own – would not make for sustainable business opportunities. Say nothing of poor prize pools for players, which is plainly an unattractive prospect.

Supporters off this merge are envisaging that it should come to fruition by sometime in 2014. However, the Nevada Legislature does not convene again until February 2015. But that is not the end of the story, committee chairs who handle legislation would have to be included in this process, and to date have no idea of what is being cooked up by Reid.

But Reid believes that legislatures for both States may not be required. He is of the opinion that Federal legislation can achieve the compact which will allow for this marriage made in heaven (?) to take place before 2015. He has been entertaining the idea of the compact for a while now, after having worked extremely hard to get online gambling and not only poker, made legal in the United States.

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Antigua Could Claim Upwards of $176 Million From USA In Online Gambling Debacle

Posted by Gambling News | Gambling Industry News,Gambling News | Friday 21 December 2012 12:05 am

According to the Associated Press – Harold Lovell – Finance Minister of Antigua and Barbuda, has said that they are going to pursue their long-standing dispute over online gambling with the USA. This small Island State with a population of less than 90 000, has unsuccessfully pursued this dispute since UIGEA was enacted in late 2006.

They have accused their giant northern neighbour of "hobbling its fragile economy" when they banned US punters from taking online bets and wagers with online operators. There were a great many online gambling websites which licensed their offshore operations in the Island State. Antigua says they are looking for a fair settlement according to a World Trade Organisation ruling which told them they have a valid claim.

Negotiations came to a standstill when the USA simply ignored to acknowledge their claim. The WTO dispute mechanism was then used to attempt to get the issue back onto the bargaining table. The Island State – like many other countries world-wide – are in a delicate fiscal position and feel that the matter "pushed their backs up against a wall".

At the next WTO meeting on the 17th December, this matter will be brought up on behalf of Antigua Barbuda. All things considered $176 Million is not a great deal of money, but the USA is also in a pretty cash-strapped state. At one time Antigua even requested that the WTO impose $3 billion in sanctions on the USA to force them to comply with the ruling granting them compensation. The WTO only enforced sanctions of $21 million per year.

These retaliatory sanctions against have come to be known as the David vs. Goliath trade battle. But being a small country they say it is not their intention to have a fight. However, they do believe they have the rights to protect their sovereignty as well as rely on the might of the WTO to back up their claim.

This ex-British colony once housed a thriving online casino industry, where numerous licensees employed around 3000 people and generated an income of approximately $1 billion.

Lovell says they are determined to pursue punitive action and insist that having failed through all other avenues, sanctions are the only recourse they have left. Barring a last minute settlement being made, the intention is to announce which industries will be targeted for sanction action. The US Tread Representative office has not responded as yet.

The USA is now also considering making online gambling legal, but it is taking years for the Federal Government to come to any decision. In the meantime individual states have taken the legal situation into their own hands and the State of Nevada was the first to make intrastate online gambling legal. It is believed that other states will follow suit, but what is really needed is Federal regulation and legislation.

At this juncture it is interesting to note that approximately half of the gamblers in the world are based in the USA.

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Will Nevada Lead The US Online Gambling Revolution?

Posted by Gambling News | Gambling News | Wednesday 29 August 2012 12:33 pm

Over a decade ago, products such as Party Poker and Party Casino started providing the ability for punters to take a bet, and to do this online. At the time this industry was frowned up by the US Government, but they could not do much about it. Offshore websites were being licensed in Kahnawake, The Virgin Island and Caribbean territories and this kind of made them legal, but also untouchable.

However, the US Government got their thinking caps on and came up with the Unlawful Internet Gambling Enforcement Act (UIGEA). This was promulgated virtually overnight and it effectively banned online gambling, by making payment transactions illegal through the auspices of an out-dated Wire Act from way back in 1961.

Now Nevada is the First US state to make online gambling legal, even despite the fact that UIGEA is still in force. The Department of Justice had a change of opinion on the basis of the act, and now interprets it as only online sports betting being illegal. The Federal Government has made it clear that States may decide themselves on whether or not to make online gambling legal.
Nevada has forged ahead and the first legal online gaming in the US will be online poker. Experts are of the opinion that Nevada is now equipped to lead the way with the US online gambling revolution.

Being a multi-billion dollar mainstream industry, the regulation and legalization of online gambling can have a huge business, and beneficial fiscal impact on the US economy. There is also the argument that online poker should be classified a game of skill rather than a gambling game, so, this makes it so much more attractive. If you think that since UIGEA was enacted – $72 billion has left the hands of online gamblers in the US and gone into offshore (foreign) pockets; Federal and state-wide coffers are losing out on a great deal of taxable revenue.

It is not easy to understand UIGEA, there are a ton of grey areas, but basically what it does is stop interstate wire exchanges of money. However, foreign money exchange is not a problem, although it’s becoming tougher as less of the reputable online casino will accept players from the US. While there is more than one way of skinning a cat, this becomes more complex as technology advances.

Gamblers like to play online, there have always been gambling games and a punter will bet on anything if they think they have a chance of winning. Basically, no matter how hard the US government buries their head in the sand, online gambling is not going to just go away. Prohibition has never worked and we see now that it never will. Nevada has the opportunity to get a leading edge in what ostensibly could become a very lucrative industry. All they have to do is keep leading the way. Battle it through the red tape and pave the way for other US states. Other states are going to want to hang onto their coat-tails.

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All Systems Go For Nevada Online Gambler – Big William Hill Bet Pays Off

Posted by Gambling News | Gambling Industry News,Gambling News | Tuesday 24 July 2012 12:30 pm

William Hill might be one of the biggest bookmaking brands in the UK, but when they heard that the USA might be making online gambling legal in the near future, they were madly keen to get into this market. First off, gambling online will start intrastate, and this means individual states will be responsible for making their own laws in this regard.

One of the first at the starting gate for state-legislation was Nevada, and William Hill took a very big gamble by investing $53.25 million in three Nevada gambling concerns. These acquisitions are; Brandywine Bookmaking, American Wagering Inc and Club Cal Neva Satellite Race and Sportsbook.

It appears as though this gamble has paid off and will continue to pay off big time, as the need to supplement state coffers through additional tax revenue schemes, spreads like wild-fire throughout the USA. Nevada state administration has ensured that they are now legal to offer online gambling licenses, and William Hill is one of the first to be granted a license from the Nevada Gaming Commission.

William Hill has a wealth of experience in the online gambling business; this brand is not only about High Street retail betting shops. They have been offering super services online for a good deal of time in the UK. The UK as we know has a well-developed infrastructure for the Internet gambling industry. They offer online sports betting, online bingo, a casino, virtual gaming such as Rugby Union, snooker and more; poker, financials, skill, mobile, Arcade and Vegas-type games. UK customers have developed an eclectic and sophisticated taste for these types of games, so, William Hill is well placed in Nevada to offer a superior online service.

It made good sense for this brand to get into the US at the very beginning, as getting a foothold in the US market while legislation is under review, is the way to make sure they get in on the ground-floor with a chance to win. Online gambling was extant in the USA prior to 2006; however, the promulgation of the Unlawful Internet Gambling Act (UIGEA) changed all of this. So, essentially the USA is six years behind the UK in relationship to this virtual industry – we all know just how fast technology advances, so, they are way behind.

This is a significant step by William Hill as the ban is expected to be relaxed in the future state-by-state. To date we have no idea if UIGEA will change Federally, but according to Federal Government. It is up to each state to decide whether they wish online gambling to be made legal.

The acquisitions of the three Nevada-based gambling concerns were dependent on the outcome of the William Hill license applications being granted. Now that this has taken place, we can expect it to be all systems go. Obviously the sooner they get websites up and running, the sooner they can expect a return on their investment.

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The Chequered History of Online Gambling In The USA

Posted by Gambling News | Gambling News | Friday 29 June 2012 9:55 pm

When people think of gambling, the first thing they envision is the bright lights of Nevada’s sin city casino strip. Yet for a country whose economy is given a major boost by the flocking tourist visiting Las Vegas, there is much controversy and talk about whether online gambling should be restricted or legalised as a whole.

Gambling Games have long since been described as being games of chance introduced to the new world by its British settlers. From the start of its introduction into this new land, gambling has always split the values and believes of communities in half.

As, whilst on one hand gambling can be seen as a great and valuable way to boost a country’s economy through a revenue increase, the other half see gambling as a viciously addictive vice which ruins people’s lives.

However, in an effort to reduce the amount of taxes American citizens would have to pay in order to fund some much needed national services, the government concluded that authorising certain forms of gambling would be in the nation’s interest for a greater good.

In order for the greater good to be maintained in the eye of the state, an American Gaming Society was established. This society was set up to depict a list of gaming options which would be made permissible by governmental law, these where to include charitable gaming, lotteries and commercial casinos.

With categories detailing the breakdown of gambling as per the authority of the American Gaming Society as bestowed unto them by the government, gambling as a whole, is deemed legal under the federal law of the United States. Nevertheless, each individual state us encouraged to regulate and even prohibit gambling in both the physical and online form of gaming.
The most liberal and pro gambling state in the whole of the USA is Nevada, where for years the local governing body and the state law have worked harmoniously together to allow gambling as a state wide legal enterprise restricted only by licenses and zoning restrictions.

Yet, whilst the pro gambling debate wages on between states, the regulations of online gambling have been closely enforced and adhered to. However, the major cause of the online gambling debate in the USA still remains that of the release and enforcement of the 1961 Federal Wire Act. This legislation served to outlaw all betting between states with regards to sports, yet failed to address any legal standing against any other forms of gambling.

Due to its ambiguous nature the Federal Wire Act has been greatly contested and its failure to legally acknowledge and regulate all forms of gambling rather than just those between interstates, led to the requirement of new legislation brought in its place as that of 2006’s unlawful internet gambling act, which served only to confuse the nation further as rather than prohibit any form of online gambling it outlawed any financial transaction made between a US citizen and the online gaming provider.

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