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    Daily Gambling News Update | Wednesday, January 4, 2012

    Posted by Quad Jacks March 14, 2012

    WEDNESDAY, JANUARY 4, 2012

    Tribal gaming interests and their responses to the DOJ memo: The late December release of a September memo from the Department of Justice clarifying its position on the Wire Act has elicited substantial responses by gaming groups, communities, and state legislators. There has not yet been an official statement by Indian gaming regulators, but two consecutive articles by the Indian Country Today magazine shed some light on some of the implications the latest developments may have on Indian gaming interests.

    The two articles in question may appear to be somewhat contradictory to one another. One article published on January 2 is titled “DoJ’s Internet Gaming Green Light to States is ‘No Big Deal for Tribes.’ The principal point made for this is that newly inspired intrastate initiatives to legalize online gaming will still have to meet with pre-existing Indian gaming laws and exclusivity pacts present within that state. Indian gaming expert Joe Valandra is quoted as summarizing this: “I don’t think (the Justice Department opinion) is a big deal for the tribes because there’s only one state that has enabling legislation and that’s Nevada. Other states have talked about it, but haven’t passed anything. It has to go through a whole legislative cycle before any state besides Nevada will be able to offer intra-state online poker.”

    But an article published by the same magazine the next day, January 3, bears the headline “New DOJ Position on Internet Gaming Creates Both Uncertainty and Opportunities for Tribes.” The risk tribes face in potentially losing or having their exclusivity pacts diminished by newly formed intrastate gaming legislation is addressed in greater depth, as is the prospect of heavier competition within a state.

    Writes Joseph Webster, of the law firm Hobbs, Straus, Dean & Walker, LLP: “tribal leaders have a number of critical issues to consider in the months ahead, including whether and how to deal with state policy makers to make sure that tribal interests are protected in any effort to implement intra-state internet gaming.”
    Sources: Indian Country Today Media Network [1] [2]

    John Duthie leaves European Poker Tour: English poker player and EPT founder/CEO John Duthie made news only a few days ago when it was reported he was parting ways with PokerStars, his sponsor. Rather than quit abruptly, Duthie opted to allow his contract to expire on December 31, 2012.

    It is reported today that Mr. Duthie, 53, is also ending his affiliation with the European Poker Tour, which he helped found in 2004 and has been credited with popularizing since. “It is time to move on and to leave the EPT in the capable hands of the existing management team,” Duthie wrote on the Two Plus Two forum. He added: “There are going to be some amazing opportunities coming up in 2012 and 2013 as the U.S. market prepares to open up for business once again and I want to be available to take on new challenges and to cement new relationships moving forward.”

    The European Poker Tour is sponsored and partly owned by PokerStars. EPT President Edgar Stuchly will assume primary leadership of the company.
    Sources: Pokernews

    Macau gaming’s incessant growth continues to impress: The latest revenue figures of Macau’s gaming industry released by the Chinese Special Administrative Region’s Gaming Inspection and Coordination Bureau are turning the heads of the gaming industry worldwide, even after general acceptance that the area is already an industry juggernaut. Total Macau gaming revenue for 2011 was $33.5 billion, a 42% increase over the year before.

    In 2010, the United States’ gaming industry produced $31 billion in revenue, with Las Vegas accounting for $5.8 billion. Says Grant Govertsen of Union Gaming Group: “To put [Macau's 2011] gross gaming revenue and growth rate into perspective, total gross gaming revenue in Macau will be approximately 5.5 times the gross gaming revenue generated on the Las Vegas Strip, while the rate of growth in Macau will be roughly 10 times the rate on the Las Vegas Strip.”
    Sources: Las Vegas Review Journal

    QuadJacks – Wednesday, January 4, 2012

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