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    QuadJacks Poker and Gaming News | Wednesday April 11 2012

    Posted by Marco Valerio April 11, 2012

    Wednesday, April 11, 2012: Could Pennsylvania be the next big thing? Bovada pulls out of Washington. Massachusetts Gaming Commission holds first meeting, sets initial standards and timeframes. Adelson keeps crushing, sights set on Spain.

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    Could Pennsylvania be the next big thing? In the first three months of 2012, Pennsylvania has already established itself as the second largest gaming state in terms of revenue, a position typically misattributed to New Jersey, which is in fact third. Nevada continues to be first.

    Gaming revenue in Pennsylvania for the month of March set a state record of $233.1 million in gross slot machine revenue. Table game figures for March have not yet been released, but promise to be just as satisfactory. Combined revenue for the months of January and February this year in Pennsylvania was $515.7 million. New Jersey was $479.6 million.

    According to Joe Weinert, senior vice president of Jersey-based Spectrum Gaming Group, “Virtually every jurisdiction in the country would kill for that kind of growth, especially in a sluggish economy.” Pennsylvania, with its 11 casinos, is therefore the silver medalist in American gaming, behind Nevada and ahead of New Jersey, yet only the other two are taking great leaps toward online gaming, while Pennsylvania has not yet committed itself very visibly.

    But we may begin to see more interest in gaming expansion by Pennsylvania legislators this year. Republican Governor Thomas Corbett has expressed a willingness to increase lottery revenue, and has suggested some sort of privatization as a mean to do so. (The state’s Department of Revenue currently manages the Pennsylvania lottery, which happens to be the 6th largest in the nation.)

    It is not likely that Governor Corbett and his advisers are unaware or uninspired by the spectacular success the Illinois lottery is having with its brand new online ticket sales, and if the governor and his administration are serious about strengthening the state’s lottery revenue, this will be an option they should hold in high regard. While it is much too early to connect Pennsylvania with any serious online gaming momentum, the state’s recognition of, and pride in, its solid gaming industry are characteristics which can certainly help it move closer in that direction.
    Sources: Associated Press [1] [2]

    Bovada pulls out of Washington: Few are the states where online gambling is specifically illegal, but Washington state is one of them, and has been since the passage of an online gaming prohibition act in 2006 which continues to be upheld to this day.

    Bodog’s illegitimate child Bovada.lv, a recently rebranded U.S.-facing poker and betting site, is officially expelling residents of Washington state, citing “continuing difficulties finding and maintaining acceptable payment options.”

    This headline is chillingly similar to the time PokerStars pulled out of Washington state back in November of 2010, which caused significantly more uproar and concern back when PokerStars still dominated the American market.

    Bovada has limited or outright annulled its business in other U.S. states hostile to online gaming, including Maryland, New York and Utah. Merge, the leading U.S.-facing poker network, has warily tip-toed around certain jurisdictions as well.

    Is this evidence that, as temerarious as these networks may appear in continuing to do business in the United States, the government of which has made it abundantly clear by now that it resents offshore Internet gambling, they are at least exercising a modicum of caution by keeping themselves out of explicitly unwelcoming areas? Or if they could find and maintain “acceptable payment options,” would they continue to do business in a state where online gaming is specifically outlawed?
    Sources: Pokerfuse

    Massachusetts Gaming Commission holds first meeting, sets initial standards and timeframes: The newly minted Massachusetts Gaming Commission held its first meeting at the University of Massachusetts-Boston on Tuesday of this week. Numerous first steps were taken during the four-hour affair, like agreeing to lease some office space elsewhere in Boston for future work and gatherings.

    The 5-member commission introduced two New Jersey-based gaming consultancies which it will contract for assistance in framing its standards in licensing, enforcement and regulation. These are Spectrum Gaming Group of Pennington and Michael & Carroll of Atlantic City. In addition, the law firm of Anderson and Kreiger, based in nearby Cambridge, will help develop a code of ethics.

    Important information regarding timelines also came out of the meeting. While numerous high-ranking casino groups, including Caesars, MGM and Wynn, are already competing to secure one of the four licenses the state will be allowed to issue, it may take as much as two years for the first license to be awarded, and between three to five years before casinos are up and running, based on the timetable the commission has set for itself.

    Fredric E. Gushin, managing director for Spectrum, was among those calling for patience and concentration. “It’s more important to get it right,” he said at the meeting. “Be deliberate.”
    Sources: MassLive.com

    Adelson keeps crushing, sights set on Spain: Sheldon Adelson, the American online poker community’s foe but unhindered casino magnate worldwide, continues to prosper and expand. Las Vegas Sands, the mega-company which Adelson owns and chairs, today sees the opening of its latest resort in Macau, the Sands Cotai Central. The $4.4 billion project had been set back for several years, but is finally prepared to open in stages. Between properties in Macau and Singapore, Adelson and Las Vegas Sands already dominate the Asian gaming market, and the addition of a new property is expected to keep defining Adelson as the casino king of the world.

    And just before the launch of the new Asian property, Adelson elicited a number of additional ‘oh come on’s’ when he announced he was planning on developing a “mini Las Vegas” in the country of Spain.

    “We are looking at 12 integrated resorts, 3,000 rooms each. A mini Las Vegas, about half the size of the Las Vegas strip in Spain for the European market,” said Adelson, currently listed as the 8th richest man in America by Forbes. As reported by Reuters: “Each building would cost between $2.5 billion and $3 billion and target customers from western and eastern Europe.”

    While Sheldon Adelson may seem undefeatable, his favorite political horses may not fare as well. Newt Gingrich, the Republican presidential contender and recipient of millions of Adelson’s campaign contributions, ultimately ran an infamously unsuccessful campaign. This will not matter much in the long run, however, as Adelson is fully expected to support the most likely Republican candidate, Mitt Romney, who has already come out in strongly-worded opposition to Internet gambling. The American online poker community will have to continue to study and enact efforts to counteract Sheldon Adelson’s fallible yet still enormous financial and political influence.
    Sources: Reuters

    QuadJacks – Wednesday, April 11, 2012

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