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    Daily Gambling News Update | Monday, December 12, 2011

    Posted by Quad Jacks March 14, 2012

    MONDAY, DECEMBER 12, 2011

    Recent interview with Sheldon Adelson is published, featuring direct quotes: The gaming industry resource Global Gaming Business has published online an interview with Sheldon Adelson which was meant for the cover story of the magazine’s January issue. The interview was carried out in the middle of November, before Jon Ralston’s December 6 report that the Las Vegas Sands CEO would staunchly oppose online gaming efforts.

    Several quotes attributed to Adelson in the interview are of interest. “Officially, I’m neutral. Unofficially, I am vehemently against it because I am convinced that the technology that would prevent kids from gambling isn’t enough. I see from my own young children, that they know how to get around all the restrictions that any techie is going to install to prevent kids from playing. I am not as concerned with young adults, I’m concerned about children, under-aged children.”

    Adelson also downplays the size of potential profits in online poker. “PokerStars is the biggest and most successful online gaming entity in the world,” said Adelson, “and the most they made in a year was $440 million. Now, how is $440 million divided up amongst several other players going to make a difference? It ain’t going far.” He also explains how he believes that the proliferation of online gambling will definitely affect brick-and-mortar revenues.

    The interview can be found on Global Gaming Business’s website.
    Sources: Global Gaming Business

    James Dempsey wins WPT Five Diamond Main Event: Besting a final table which included Vanessa Selbst and Antonio Esfandiari – the winner of the same event last year – and defeating 2010 November Niner Soi Nguyen heads-up, Englishman James Dempsey was the last player standing at the 2011 Doyle Brunson Five Diamond World Poker Classic. Dempsey took home approximately $821,000 for first place.

    The event attracted 413 registrants, making for a prize pool of over $4 million. Other notable finishes include Vanessa Selbst (3rd), Andrew Lichtenberger (4th), Antonio Esfandiari (6th), and David Williams (10th).
    Sources: WPT Press Release

    Japan moves forward with legalized gambling initiative: The prospect of liberalized gaming in Japan continues to appeal to a wider segment of legislators as a way to generate more revenue in the face of a stagnant world economy and the economic blow incurred by the nation after its disastrous earthquake in March. A group of 150 Japanese legislators from six different parties is introducing a bill that would allow the installation and operation of slot machines and table games in the nation, a move which, if successful, could translate into a 3.4 trillion yen ($44 billion) industry, according to a 2009 study by Ryosaku Sawa of Osaka University of Commerce.

    Government officials and industry leaders agree that Japan would make for a very lucrative market. “It would be an engine for fiscal revival and job creation that wouldn’t require raising taxes,” said Takeshi Iwaya, one of the supportive legislators. Steven Tight, president for international development for Caesars Entertainment Corp., described a pro-gaming Japan as a “very attractive market.” “There just seems to be a very strong affinity to that sort of entertainment.”
    Sources: Bloomberg News

    QuadJacks – Monday, December 12, 2011

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