Online Casino News From Around the Globe

Positive Signs For New Jersey Online Gaming Revenues In April

The launch of online gambling in New Jersey in November 2013 has not set the gaming world alight. It is now almost comical to look back and see the proponents of legalizing online gambling in the Garden State like Gov. Chris Christie estimate revenues of up to $1 billion annually. Some of the main reasons for the dismal performance of online gambling in New Jersey are factors like problems with the geolocation technology as well as major banks putting up obstacles for credit cards to be uses in opening online gambling accounts. Revenues for the month of April were just released by the state Division of Gaming Enforcement and there were signs for optimism. Online gambling revenues for the month of April from Atlantic City’s Casinos were up more than 11 percent compared to the same period a year ago. All in all for this year New Jersey online gaming revenues are nearly $48 million which is an increase of 19 percent from the four moths in the same period on 2014. The fortunes of the land casinos was mixed with overall revenues of Atlantic City’s eight casinos declining by 3 percent in April to reach $199 million. Of the eight state casinos four reported increases compared to April 2014. The Golden Nugget saw a 30 percent increase to $17.6 million while Caesars recorded the largest decline of 34% to reach 422.5 million. Chairman of the New Jersey Casino Control Commission, Matt Levinson put things in perspective and was optimistic on the overall performance. He said,” Don’t be thrown off by these results. When you look at the first four months of this year, revenues are still running 3.5 percent above last year’s...

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Denmark To Amend Online Gambling Legislation

According to a report by Danish gambling regulator Spillemyndigheden the nine online gaming operators generated about $400 million in revenues in 2014. This is a 20 percent increase from 2013 and a 40 percent rise from that of 2012. The steady growth in the gaming sector has resulted in amended online gaming legislation. After receiving approval from the European Commission, Denmark is posed to introduce modifications to online gaming regulations by the end of 2015. Firstly Danish authorities intend to tighten up measures aimed at preventing money laundering while also modifying existing tax legislation applied to gambling operators which will be based on their yearly revenues. Operators that generate over $15 million will need to pay a higher license fee than those generating less than this amount. Another major change will be a new license aimed specifically at daily fantasy sports operators. Here it would be wise to take note that of the top regulated sites operating in Denmark, PokerStars is prominent. Their recently announced plans to entry the DFS market would benefit from the new legislation. The Danish legislator is hoping that the proposed changes will increase growth and attract the entry of new operators looking for a regulated...

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Tapinator Launches Social Casino App, Video Poker VIP

Founded in 2103 Tapinator has up to now recorded over 65 million downloads from their over 100 mobile games. They focus on publishing and developing their own titles along all the major platforms. Like so my other mobile game developers, the New York based Tapinator have entered the much talked about social casino market with the launch of their Video Poker VIP on the iOS platform. Tapinator CEO Ilya Nikolayev commented on their launch,” “We have been in development of Video Poker VIP since mid 2014 and are very excited to have just launched the product. We believe that the game is the highest quality video poker title on mobile. We will continue to improve the game, with version 1.1 launching in the next several weeks. In parallel, this week, we will begin a marketing campaign to drive player volume to the product and we look forward to the user response.” As we have reported extensively, the social casino market is one of the strongest growth markets and reached over $2.8 billion in 2014 which was a 38% increase from 2013.This year revenues are expected to reach $3.5 billion. The major players continue to dominate with Caesars Interactive Entertainment taking first place followed by IGT with their DoubleDown Casino taking second...

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Global Online Gambling Market 2015

An interesting report was released by in the scope of global online gambling. Key findings included the proliferation of mobile devices which are making up a large portion of online gambling revenues. The overall online gambling market is set to maintain 1 digit growth over the next four years with estimated revenues in the double digit billion Euros mark. Last year’s acquisition of PokerStars by Amaya Gaming was one of the most significant in the last few years as the online poker giant is extending their reach beyond poker into casino and sports betting offerings. Major online gambling powerhouses like UK bookmaker William Hill recorded increase of revenues of +20%. When it comes the largest online gambling market, Europe comes in first place as it is the most regulated market in the world. Expansion of online gambling in Europe is expected to continue as countries like the Netherlands are looking for tax revenues and are planning to adopt online gambling regulations. Sports betting is strong particularly in Spain and France who lead the pack. The status of online gambling in Russia is illegal but debate over whether poker is a skill based game is still along with a self –regulatory organization means hope for limited online gambling opportunities. Asia-Pacific region is shown mixed approaches as well to regulated online gambling. Places like China, South Korea and Singapore forbid online gambling. Australia is more user friendly to foreign companies looking to set up shop. The USA is still limited to three states only namely New Jersey, Delaware and Nevada. Others are expected to follow but not at the pace earlier believed. In Latin America the status quo is also in the air with countries like Mexico and Brazil still waiting for online gambling regulation to be approved. South Africa has had a well-documented battle on the issue of legalizing online gambling with the latest official voices still opposing legalising any online...

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Calls For Cautious Approach To Legalizing U.S. Sports Betting

The debate over legalizing sports betting in the U.S. has taken a dramatic turn in the last six months. While traditionally all the major sporting bodies including the NBA, NHL, MLB etc. have opposed legalizing sports betting as they believe it would affect the integrity of professional sports. The turnabout of NBA Commissioner Adam Silver in his much talked about op/ed piece in the New York Times has resulted in a major boost for the pro legalization group. Silver pointed out the obvious in that outside of the U.S. sport fans can gamble via their smartphone without legal hassles. Congress need to get in touch with the times and legalize sports betting subject to “strict regulatory requirement and technological safeguards.” An interesting piece by Dwight Jaynes on Comcast Sportsnet gave some food for thought to the cautious approach of legalizing sports betting. He pointed out that while it is obvious that the leagues see sports betting as a major cash cow they may well be underestimating the possible negative ramifications legalized sports betting could have. This include an increase in gambling addition and more worrying to the game itself, the possibility of professional players betting against themselves. The resources to monitor this and prevent any insider gambling could cost millions and it is doubtful if they would be totally effective. These questions are important to consider in the debate but it is hard to argue that real money sports betting is not already in place with the likes of DraftKings and FanDuel offering hundreds of millions of dollars annually in prize money on fantasy...

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