Archive for the ‘Industry News’ Category

A Look Inside Worldwide Online Gambling Hurdles

Saturday, June 7th, 2014

There have certainly been more than a handful of legal issues related to online gambling popping up all over the map in the US. But what are the real reasons for such a continued uphill battle, especially considering that the US Government has opened the door for states to regulate their own online gambling activities?

It shouldn’t be a surprise that most heavily regulated businesses – the land-based gambling industry included – are shaped by politically motivated regulatory results. Nor should it be surprising that there have been a number of obstacles to overcome when designing the legalities of online casinos.

Sometimes, the hurdles are structural. Investigators from state regulatory agencies have been taken aback when finding out that even though they have police-like status as agents, this means little when trying to seek out private information from officials in places like China and even Japan. It’s hard to regulate globally, let alone domestically. So how does a country ensure proper regulation when it’s hard to find an ally to compare notes with?

Cultural differences are certainly a part of this struggle. In the US, casino operators go through certain vetting processes – some of which are deemed offensive to other countries. Also, there is a lack of camaraderie within many companies due to competitiveness. In other words, why share market secrets of success if it could encroach upon ones own success?

Beyond the latest struggles we’ve seen domestically, it is not just US casino gaming companies looking to expand their land-based properties into the online gambling industry. The struggle is worldwide.

The primary consideration is the integration of different cultures. For example, when online poker room operator, PokerStars, stated its intentions to purchase the Atlantic Club (formerly Atlantic City Hilton Casino), there were a myriad of issues brought to the table. Some were domestic, but the bulk of the problem was that the online operator’s track record in the US was marred.

Another example is Caesars Entertainment, which created a subsidiary, Caesars Interactive Entertainment, headed by the former CEO of PartyGaming. This Montreal-based division is responsible for the World Series of Poker and all Caesars Palace and Harrah’s online gambling sites. Needless to say, it took some strategic maneuvering to combine all of this.

It’s not just brick and mortar casinos diversifying into the online realm, either. A little over three years ago, Caesars paid tooth and nail to acquire Playtika. This Israel-based gaming company was bleeding money, and yet is was responsible for turning out some of the most popular social-based online casino games used in top social media platforms, such as Facebook. Even Bwin-PartyGaming announced its desire to enter the social gaming domain. However, Zynga, largely known as the biggest name in social gaming, has witnessed its stock rise and fall with every beat of rumor to and fro.

Thinking inside the US, Utah and Nevada share a common state line, yet they are seen completely different when it comes to policies toward gambling. What is interesting is that such a close physical location can yield such varying law. The issue at hand domestically is whether the state restrictions violate a higher law, like that of the United States Constitution.

Cultural differences arise at all levels of the law. In China, for example, gifts are a basic part of the social fabric. Family ties are strong as well. Even something as standard as giving a gift (in Asia) might be a federal felony under U.S. laws.

And how should an American gaming regulator react to a Chinese father giving his daughter $80 million to buy a share of a casino?

 Well, New Jersey regulators said no one gives a gift like that without strings attached. Since they didn’t like the father, Stanley Ho, they found his daughter Pansy unsuitable to be partners with MGM. Nevada regulators, on the other hand, had the same information, but decided that they would let MGM stay in business with Pansy, unless and until they saw some undue influence by Stanley.

Nevada was criticized for being too weak. But few Americans are aware that many people in China were offended by New Jersey’s decision.

The American regulatory system over casinos is a unique system, and many foreign territories consider the US gambling industry to be the most intrusive.

Nevada created its regulatory system in the 50’s, and for a very good cause. But soon thereafter, the Kefauver hearings associated Las Vegas casinos with the Mob. State lawmakers in Nevada were thus concerned that the US government could pose the opportunity to take over the running of casinos.

While Mafia involvement has been removed for quite some time, the tradition of complete control was accepted. Even casinos in Atlantic City were held to the same regulation standards.

In conclusion, should the US desire to stay the leader in legal gaming, online or not, it must take cultural differences into consideration. It is vital that this country consider the future of technology without prejudice, just as it must global values. Online gambling fans are not the enemy, but politics and cultural differences might just be.

Gibraltar Power Plant Explosion Effects Online Gambling Sites

Tuesday, April 22nd, 2014

For those of you using various betting sites licensed and operated out of Gibraltar (the largest UK-based offshore base for online gambling), you may have noticed a few things out of the ordinary over Easter Weekend. An explosion and subsequent fire at a Gibraltar power station knocked a massive amount of the isthmus out of power. Major online casino sports betting sites – namely William Hill – were unable to process real money gambling wagers during the power outage.

The explosion happened on Easter Sunday in one of the power station’s generators, after what is being reported were “mechanical problems”. It is still very early in the ongoing investigation to determine exactly what this mechanical issue was.

There were massive clouds of thick smoke escaping the flames, and the fire was visible from all corners of the territory. There weren’t any casualties, and nobody was hurt, thankfully. The same can’t be said for the online gambling industry. The explosion’s after-fire interrupted Gibtelecom services, bringing a screeching halt to various big-time internet casino sites that also included worldwide betting services such as Ladbrokes.

Known as a huge tax haven for offshore endeavors (yet not the only region for this in the UK), Gibralter has been a leading online wagering base for a majority of the topmost rated casino sites for well over a decade. In fact, Gibraltar’s low tax rates have attracted more than 25 major online gambling brands and various gaming operators. Gibraltar hails that some 60% of online gambling licensures are based in the territory located near the western entrance to the Mediterranean Sea next to Spain and north of Morocco.

William Hill Casino Online, which is consistently one of our highest recommended UK/Euro online gambling hubs, lost power for nearly 3 hours. The offices of William Hill house about fifty employees. Due to close proximity to the explosion and blaze, they were also evacuated by police and firefighters after the fire broke out.

While this was a freak accident and no person could have predicted it to happen at the moment it did, there will certainly be those consumers who believe their wager was interrupted and perhaps inadvertently affected by the outage. Most all online casino sites directly affected have made timely announcements and apologies to any affected gambling fans.

Wagers made before the event were not negated or lost; players and bettors simply could not wager during the power blackout occurrence.
No customer data was compromised during the event. The inability to continue playing was the essential problem, and there were no reports of account glitches or other inconveniences at this time.

While William Hill experienced nearly three hours of downtime, other sites experienced a varying degree of outages based on the grid they are fed energy from. Betfred was down more than 6 hours.

Gibraltar police have already ruled out any foul play or suspicious acts of sabotage to the power station, and the incident is still being treated as a mechanical failure of some sort.

About Gibraltar:

Spain relinquished any legal hold on Gibraltar to Britain in 1713, and has since continually argued that Gibraltar should be returned to Spanish sovereignty. Spain has set up a working group within its taxing entity to analyze tax payments made in Gibraltar under suspicion that they do not receive the same treatment as others. In January 2011, Gibraltar did away with its “exempt status tax regime” under which several companies evaded taxation. In its place, Gibraltar introduced a single 10% tax.

SatochiDice Named in SEC Bitcoin Investigation

Tuesday, March 25th, 2014

The hits just keep on coming for the virtual currency, Bitcoin, as it is now being reported that the Securities and Exchange Commission (SEC) is carrying out a formal examination into dealings between the online exchange, MPEx, and Bitcoin online casino, Specifically, the issue at hand is based on SatochiDice’s stock sale of Bitcoin via MPEx.

A letter of request regarding the transaction(s) was sent to MPEx by the SEC inquiring about an online exchange for trading that was Bitcoin related. In the letter, a request for access to contracts and other various documents relating to was asked for.

MPEx confirmed to Bloomberg News that it received the inquiry and is confident it did not break any laws relating to the inquest. The SEC letter names SatoshiDice as the basis of its investigation, yet states no specific interests or details, which is typical SEC practice.

An SEC investigator/spokesperson stated that the SEC is very interested with the dealings between the Bitcoin-based online casino and MPEx, going on further to say that Bitcoin-denominated stock exchanges are illegal. In the US, federal law states that securities-based trading platforms need to be licensed. The SEC’s choice to open an inquiry does not mean the company’s staff broke rules per se; it’s simply an official inquiry.

Online gambling industry insiders won’t find this inquiry as a shock, as Bitcoin and everything related to the currency is under the microscope in one way or another. While it is understood that one can invest in companies with Bitcoin currency, the investigation is based on whether unregistered exchanges or broker dealers operated in violation of the securities laws or not.

While MPEx is forthcoming that it did, in fact, receive the letter from the SEC formally requesting information, those at the SEC are less than forward with information regarding this investigation.

What we do know is that SatoshiDice listed shares on MPEx in August of 2012. This fact is confirmed by MPEx. It is also reported that the SEC letter seeks “all documents or contracts” as vague as it sounds. In a nut shell, the SEC wants to look at all documents surrounding the sale in 2012.

MPEx does not currently have SatochiDice listed at this time. This is a simple question of regulation and making an example of any new type of currency’s legality within the system and how it is legally perceived altogether. Beyond the concept of online gambling itself being continually developed and accepted legal, so too is the concept of virtual currency.

Because this is a first where trading in this realm is concerned, we honestly doubt much will come of this investigation directly related to this dealing. Perhaps some blood and sweat will come from it, but it’s more probably to say the SEC is just poking its head in the hotbed. US securities laws in the grand scheme of things do not pertain to MPEx because Bitcoin doesn’t necessarily fall under the legal definition of money.

Virtual currency acceptance is another matter. Satochi’s tie to Bitcoin is easy. The Bitcoin concept was at one point loaded with much hope and potential. The once highly popular digital currency’s concept was born from a 2008 paper written by one or more computer programmers under the name Satoshi Nakamoto.

NJ Online Gambling Showing Increased Earnings

Friday, March 7th, 2014

With the first online gambling revenue reports being less-than-great in New Jersey, the numbers are now beginning to look better. The latest results show growth of NJ’s iGaming market has improved in the last month. More precisely, NJ real money online casinos – all based from the Atlantic City brick and mortar casino brands – have shown an overall 9% revenue increase.

Of the now 16 casinos online available to those located within NJ state lines, a 28% gain in January (from previous 2013 numbers) took place, earning a combined to $9.5 million. As of February 2014, the same casinos generated $10.3 million in gambling revenue, creating the aforementioned 9% jump.

The NJ Division of Gaming Enforcement numbers may begin to stabilize soon (as some analysts are predicting), yet for the time being, revenue is still gradually increasing. While some analysts are crying out insecurities in regards to revenue, if you ask the CEO of 888 Holdings, which uses Caesars Entertainment as its land base, he’s pleased with the results thus far. After all, it is not as though the numbers are declining.

As a whole (including land-based gambling income), NJ’s 11 casinos from the fabled Atlantic City area won nearly $209.5 million in February. While this number still shows a decline in overall earnings at less than 1.5%, it also shows the bleeding is lessoning. Keeping in mind that the area had a casino closing (Atlantic Club) in January, this number is not to be scoffed at.

The Golden Nugget Atlantic City was the most impressive earner. With an increase well over 25%, this casino posted the biggest monthly gain, earning $12.5 million. The Golden Nugget holds its ability to gain customers from the now-closed Atlantic Club as its number one source of increased income. Having done so, the Golden Nugget was able to create 100 new jobs.

Other results show that Revel Casino Hotel earned $10.9 million, and the Tropicana Casino and Resort held impressively with generating $19.7 million. Respective of each casino’s numbers, this equates to about an increase of 20.7% for these two casinos.

Resorts Casino Hotel gained an 11% increase with $9.7 million in revenue, and Caesars Atlantic City was up 5.8% by earning well over $25.5 million.

Trump Casino is in the doghouse, as its NJ casinos flatlined were earnings are concerned. Both of the Trump Entertainment Resorts properties – Trump Plaza Hotel and Casino and Taj Mahal – were down between 24-25%.

Atlantic City’s decade of defeat is counting on online gambling to come to its rescue. The decline in income over the last 7-8 years in particular is due mainly to the explosion of casinos in neighboring states, and was only compiled by the recession. No sooner did NJ feel some improvement with the recession when Superstorm Sandy slammed into the NJ coast, crippling the local economy as it was only starting to revive itself.

The race for supremacy in New Jersey’s aggressive gambling market remains a contest between the Borgata/PartyPoker site, and Caesars Interactive/888 and WSOP branded sites. The Borgata earned a little over $4 million online in February 2014, while Caesars Interactive earned about $3.3 million.

In the first couple of months of 2014, Atlantic City’s casinos have won $385 million at brick and mortar locations – a 7.7% decline from the same time in 2013. Online based earnings settled at $19.7 million in the first two months of this year so far. Obviously there are no numbers from this time last year to compare to. According to records, about 250,000 online gambling accounts have been created in New Jersey since the state began online casino wagering on Nov. 21, 2013.

Smart Technology to Boost Online Gambling

Thursday, February 20th, 2014

mobile gambling research 2016By the year 2018, the worldwide total of revenue generated by gamblers using smart phones, tablets and other mobile devices to place real money wagers online, is expected to reach $62 billion. A far cry from the $10 billion generated in 2013, the mobile sector of the online gambling industry is still in its infancy.

While $10 billion wagered by simply using phones and iPads from various corners of the world is impressive enough, we are now looking at projected estimates topping 6 times this number in only the next 4 years.

The renowned Juniper Research recently did extensive investigation seeking out the value of mobile gaming. Findings within this research show that impending legislation is the keystone in the success of its massive projections by 2018. The further development of available casino games on targeted mobile devices will also greatly impact increased revenue.

It is estimated that the new beginnings of successful mobile gaming launches in US markets such as Nevada, New Jersey and Delaware, has prompted other states to begin legislating online gambling, and now targeting the mobile aspects from the get-go.

Worldwide, operators are being lured into developing mobile casino platforms, due to burgeoning competition and sheer demand. The growing success of free game play for entertainment – which although doesn’t directly compete with the real money wagering concept – remains to show how successful and attractive games such as slots and poker can be on mobile devices.

An increasing number of lottery programs are also paying very close attention to this new wave of technology, and are looking keenly where potential expansion is concerned. Historical lack of competition in the lottery industry has represented a very small overall motivation to further develop with newer technologies. However, with so many new options for lottery players to perhaps play other similar types of games for real money online, retail ticket providers will now need to push distribution through online and mobile venues to remain competitive. With this scenario fresh on the horizon, its impending action is all but laid out.

While the subject of mobile platforms and solutions is now being addressed fully all over the world, various markets such as the US – where online gambling is now approved in a handful of states – stand to gain millions in additional revenue within the first year alone of launching a mobile casino platform for consumers to wager with complete convenience.

New Jersey – where the online industry has been slow to take off – stands to make up for lost time with mobile expansion fully underway. Additional US states are bound to pay closer attention to new projections where impressive figures are now being eyed.

Virgin Group Entering Online Casino Action in NJ

Wednesday, February 5th, 2014

Look out New Jersey (NJ), here’s Virgin Group. Shortly after initial online gambling revenue reports have come in with less than great results, we now learn there’s a new online casino by Virgin in the making for the NJ market.

Gamesys, which acquired the Virgin Games sector of the Virgin empire in 2013, is bringing the brand to the online realm in the Garden State through its partnership with the well-known Tropicana property.

While we’ve actually known the brand partnership was given the go-ahead some time ago, the online site is actually going live this week.

Online gambling began in New Jersey in late November with high hopes of it becoming the solution (or at least a big part) to Atlantic City’s gaming revenue slump dating back to 2006. While New Jersey peaked out, earning a massive $5.2 billion in that year, it nonetheless fell prey to neighboring competition from newly developed Indian casinos in Pennsylvania and New York. Even though New Jersey has been a longtime gambling destination for the East Coast, times have changed…and are still changing, indeed.

Revenue from traditional gambling last year was expected to fall to around $3 billion. The dawn of online gambling has said to be a solution; But New Jersey will have to stay ahead of the curve if that’s so. The most heavily developed online gaming state in the US, New Jersey is still struggling with competition from Delaware, which has also gone live with online casinos.

Now that Virgin Casino is opening its virtual doors this week, it will be interesting to see the second set of gaming revenue results, knowing that Atlantic City’s 12 land-based casino resorts are counting on furthered success – perhaps now more than ever. A handful of these land-based resorts have already launched over a dozen online wagering sites.

Companies like 888 Holdings, PokerStars and Gamesys Limited (which already operates the website) have effectively launched casinos online in the state; However, traffic is not as high as initially anticipated.

Virgin Casino joins several other internet gambling sites that have been given the regulatory green-light, which include the Trump brand, Caesar’s and Borgata, the latter of which currently runs the most successful site of the lot. New Jersey is the third state to allow online gaming – following Nevada and Delaware.

In the last five weeks of 2013, New Jersey online casinos brought in just $8.4 million in revenue. But for 2014, revenue is expected to jump to as much as $500 million. And Gov. Chris Christie is hopeful the tally can climb to $1 billion.

Virgin Casino had to delay its launch of the highly anticipated debut in the New Jersey marketplace after technical issues with its online casino software were recognized during a soft run. These issues stemmed from payment and login criteria, and not the casino games. Other casinos launching in the NJ market have encountered similar bumps in the road.

As you’d expect from Sir Richard Branson, the Virgin Casino will be as flashy as his approach is to most all business adventures. The first casino from the Virgin brand to take wagers outside of the UK, this casino will definitely be expected to stand out from the rest of the pack. Just think of the amazing approach the Virgin name has had on travel by airplane and you’ll understand the potential this casino will have under the Virgin brand.

One promotion at the casino is already being discussed with much ado. Tropicana’s Virgin Casino is going to provide what it calls a Community Jackpot, which rewards all players with a bit of money every time someone else playing at the online casino hits a jackpot. This is a good start to expected fun and excitement attached to Virgin anything!

At press time, it is believed that the Tropicana online casino by Virgin will have about 23 online slots and additional various casino games available. Stay tuned!

New Jersey Reports Online Gambling Revenue

Tuesday, January 28th, 2014

In the Garden State, online casino wagering has generated nearly 8.4 million dollars since its Thanksgiving Weekend debut. Of the handful of US states with regulated online gambling activity, New Jersey has the most residents living within in its borders, and this revenue result covers about 6 weeks of wagering online.

Of the specific $8.37 million raised from the online casino sites in the state, Borgata Hotel Casino and Spa and Caesars Entertainment Corp, were the top earners.

According to the New Jersey Division of Gaming Enforcement,  Borgata came in on top, generating about $3.3 million in casino winnings during December and a total of $3.75 million year to date. In other words, the last 6 days of November (when gambling online commenced) generated about $400,000 for the casino. Caesars came in a very close 2nd, earning a little over $2 million for December and a little over $2.3 million year to date for 2013.

New Jersey became the third state to permit internet wagering on casino games for real money on November 25th after a few days of soft play. As we see the initial numbers reported, it is clear that the predicted revenue is about on track with predictions.

In the entire country, online gambling is expected to become a $7.4 billion business by the year 2017.

While these newly reported New Jersey online betting figures reflect results of only 6 weeks, an impressive 126,000 accounts were opened by players during this short period of time. About 25,000 additional accounts have been reported in the New Year so far.

At the time of legalization in New Jersey (March, 2012), Governor Chris Christie predicted some $1.2 billion in online casino revenue would be generated for fiscal 2014. This would create $180 million in tax revenue for the beleaguered casino state. Bloomberg Industries believes the number will be much higher at around $425 million in tax revenue for the state, which would amount to nearly 83% of total online gambling revenue in the US for 2014.

We are still waiting to hear the news regarding gambling revenue from Nevada’s internet activity, in which the only form of activity allowed is online poker. It is believed that revenue reports will commence once the state reaches three active casino sites online.At this time, Nevada has only two sites live taking real money wagers on poker: Station Casinos Inc.’s Ultimate Poker which launched at the end of April 2013 and Caesars’ poker site.

Delaware, which went live right before New Jersey on Halloween 2013 to try to establish clients before they went to neighboring New Jersey, is set to announce its revenue shortly. Considered a direct (location) competitor with nearby New Jersey, the small state has about 4,300 registered online casino player accounts. Around $10.3 million in total wagers have reportedly taken place, but no word on actual player results subsequently generating casino and state revenue from this number yet.

Interestingly enough, each state that has regulated online gambling has a different focus and agenda for allowing gambling online. Nevada, being the number one gambling destination in the US, has only allowed poker – and for various reasons – hasn’t launched many sites as it is not as eager to provide online casino gambling due to continued physical tourism success. New Jersey – the more desperate state with its casinos losing millions over the past years – has launched the most sites and created the largest scene. Yet, in the US, it has neighboring states like Delaware that are highly motivated by local competition to go live.

Eight New Jersey casinos are licensed to offer online betting and thirteen sites are currently live in New Jersey. Stay tuned for additional results.

Pennsylvanians Want No More Casinos

Thursday, January 16th, 2014

Legalized gaming in the Keystone State is where it’s at (well, at least according to voters who are happy with the way things are for now), as a new poll reveals that Pennsylvanians are at their limit when it comes to regulated casino gambling, online or not.

The poll taken from voters in Pennsylvania was completed by uinnipiac University, a private nonsectarian, co-educational university located in Hamden, Connecticut. The University’s poll states that by a margin of 55% to 37%, Pennsylvania voters think legal gambling in the state is a “good thing”…but only where it is now.

Pennsylvanian voters seemingly understand the importance of the tax revenue generated by the states existing land based casinos, but they draw the line at creating more casinos on land and are against online casinos.

The poll reveals that while Pennsylvanians are happy with the casinos they have, they are not willing to have one built in their own neighborhood. They also believe online casinos could lead to greater issues and addictions.

71% of those polled said that if people are going to gamble, it’s better to have Pennsylvania get the income from it, 70% said there should not be more casinos in Pennsylvania, and 57% don’t want a casino in the community where they reside.

By a margin of 62% to 33%, voters in the state are against any regulation of online casino activity and 70% stated that they believe any more casinos in the state – online or not – would lead to further gambling addiction.

Interestingly enough, the Pennsylvania casino industry has been growing very swiftly. 12 out of the 14 planned casinos in the physically well-positioned gaming state have been in business, opening their doors to millions of players from both Pennsylvania and beyond. These casinos provide a full selection of slots and certain table games and are said to have over $3.14 billion each year in total casino related revenue. This effectively makes Pennsylvania the 2nd largest casino market in the United States.

Now that neighboring New Jersey has created its successful launch of online casinos (and Delaware too), we will definitely keep a feel on the Keystones State’s pulse in this matter. It is certain that Pennsylvania does not want to lose its number 2 spot.

Pennsylvania casinos are open or planned at these locations: Parx Casino and Racing in Bensalem, Sands Casino Resort Bethlehem, Harrah’s Philadelphia Casino and Racetrack in Chester, Presque Isle Downs and Casino in Erie, Lady Luck Casino Nemacolin in Farmington, Hollywood Casino at Penn National Race Course in Grantville, Valley Forge Casino Resort in King of Prussia, Mount Airy Casino Resort in Mount Pocono, Lawrence Downs Casino and Racing Resort in New Castle, Sugar House Casino in Philadelphia, Rivers Casino in Pittsburg, The Meadows Racetrack and Casino in Washington, and Mohegan Sun at Pocono Downs in Wilkes-Barre. There is one license left to award in Philly.

With all of these physical casino locations, one can’t help but feel that there is more to investigating the potential success online casinos may have on the state’s economic status. While the findings in this poll are not surprising – for or against further development of gambling – the market is obviously ready. The location of Pennsylvania shows the further potential for income from neighboring residents, just as it is for New Jersey.

NJ Council on Compulsive Gambling: Online Gambling Will Make Things Worse

Sunday, December 8th, 2013

Well, here’s a shocker. In a report placing internet gaming at its center, a NJ Council on Compulsive Gambling has stated that the new launch of online casino activity in the state will only create more addictions.

Industry insiders are warning that after the fun and games surrounding the launch of online casinos in New Jersey wears off and the losses come in, money may not be the only thing at stake. Officials charged with preventing gambling addictions say that there are 350,000 compulsive gamblers in New Jersey already.

Now that online gambling is in effect, these same officials believe that compulsive gambling will likely spread throughout the state. But can we simply blame the fact that the internet creates a further outlet for the real culprit here?

New Jersey is now the 3rd state to have launched real money online casinos, with a dozen sites taking bets on a full suite of casino games. But are we to blame the casinos or society for not supporting addiction better?

It is no surprise that New Jersey has been in need of a serious cash injection, regulating online wagering to help stop the state from bleeding further cash; But, we still cannot blame the casino industry for creating online gambling any more than we can blame a retail outlet for providing sales that prey upon consumers online.

The current state budget in New Jersey  states that online gambling will be responsible for creating about $1 billion in revenue by July 1, 2014. $160 million of this revenue will go toward taxes.

But another aspect of the casino expansion has received much less attention.

The Council for Compulsive Gambling in New Jersey has been getting ready for the start of internet casinos by communicating with substance abuse, mental health, and various addiction preventative programs, gathering feedback and information about local needs related to prevention or treatment of gambling addiction, and thus creating awareness within communities.

The Council is especially concerned about underage gambling online. The online casino industry prides itself on the fact that it has cutting edge technology in place to prevent both underage gambling as well as geo-location technology that will prevent gambling from any unlawful area. If an underage gambler is to take to the internet and succeed in doing so, it is more likely that it is a home–based situation that would allow an underage gambler to get online and create an account, not necessarily the casino itself. What’s more, anyone living in an outlying area that may be recovering from a gambling addiction will simply have to deal with the fact that online gambling now exists and work on personal issues at hand. Casinos have been online long before they were legal in some areas. People were gambling online unlawfully long before these newly, better reformed and regulated casinos have come online. Lastly, online casinos now have much more to offer as far as security measures are concerned; far more than ever before, making online gambling safer than ever for all parties involved.

One of the main problems being considered with internet gambling is the speed of play. There are limits on deposits that can be implemented, but the speed in which a player can win or lose money is quite fast. Even though gamblers can have their name excluded from online betting and place their names on a list of those not allowed to enter any of Atlantic City’s 12 casinos, including the casino websites, software is fast and players can easily lose track of time. Let’s not forget that brick and mortar casinos have been helping players lose track of time since day one, hence no windows and clocks.

To help promote healthy gambling online, the state now requires each New Jersey casino licensed online to pay a $250,000 “responsible gaming fee” that will be funneled through several programs to prevent problem gambling, including the Council.

While online gambling adds to the temptation of problem gamblers, there are also additional steps in place to help combat addictive gambling such as the responsible gaming fee in place. The bottom line is, in this day and age, it’s even more important for all parties involved to concentrate on prevention and early intervention. It is more than the casinos that must be responsible here.

New Jersey Comes Out Strong to Wager Online During Debut

Thursday, November 28th, 2013

And their off! New Jersey is live and betting online! Even with Nevada hosting poker online for money since April, and Delaware sneaking into the fold just weeks ago, all eyes are now on New Jersey. Reports from state regulators are that the state has been “inundated” with gamblers signing up for real money online casino accounts.

Whether logging on from a rest stop in Egg Harbor or from home, many residents and visitors in New Jersey have more than eating turkey on their mind this week. According to the director of the New Jersey Division of Gaming Enforcement, over 10,000 players have registered accounts in the first couple of days – And thousands more will have by the time you read this.

A half a dozen online casino companies have been given the green light to go live and will operate under 13 different websites. They were allowed to start at 12:01AM Tuesday, November 26th. This came after a 5-day period of “soft starting” that turned out to be successful.

Those to make the biggest splash will no doubt be the three casinos from Caesars Entertainment Corp:, and its poker site Another impressive launch comes from Borgata Hotel Casino and Spa that also launched its poker room, as well as its full casino platform

New Jersey may be the third state to go live with gambling online, but is so far the most successful with few issues. Granted, there have been banking issues. Some credit cards have been erroneously declined because the banks were located outside the state of New Jersey. However, these types of errors are not indicative of wrongdoing by any party. If anything, it means the casinos are doing their job to properly identify a consumer’s location. As you know, to gamble in New Jersey, you must be physically present in New Jersey. The technology to geo-locate has been working well.

The Caesars online casinos are using the 888 Holdings and Amaya software brands to power their sites, while Borgata’s casinos have partnered with Digital Entertainment Plc has also been given the go ahead to launch two Party-branded sites, and Interestingly enough, another casino brand to watch will be Trump. Betfair – a London-based company that is powering the online casino for Trump Plaza – has yet to release any news of its launch.

There is no shortage of reasons why the state of New Jersey seems to be the most successful state to get started with online gambling, but the fact that the state is the most populous of the three that have gone live is not lost on anyone. 8.9 million people call New Jersey “home”. By comparison, Nevada has a population of 2.8 million. Delaware has less than a million residents, coming in at just 917,000. In short, New Jersey provides a huge opportunity to the iGaming industry because New Jersey has obviously taken a decision to enable regulated operators to offer a full suite of casino games, and not just poker.