Archive for the ‘Regulation’ Category

UK Online Casinos Busiest Since 2008

Thursday, July 3rd, 2014

UK flagsGambling online at UK online casinos is quite the hotbed of activity these days. Needless to say, the UK market has been very successful over the years; 2013 in particular, as it has been the most successful year since 2008. Of course, the last 5-6 years have seen growth in players due to a growth in marketing. Let’s just say that if you’ve been in the UK recently, you’ve no doubt seen road side signs and television commercials abound.

UK-based online casino companies generated gaming action to the tune of £1.06b in the 12 months leading up to 2013, up 16% from 2012. Numbers just released by the UK Gambling Commission showed online sports wagering revenue improved 17% to £879m. Sports wagering is wildly popular in many European markets, UK especially.

The UK market does not release official numbers as frequently as the US market, but perhaps this new release will prompt New Jersey lawmakers to look even closer at the opportunity to regulate wagering on sports. The topic is controversial and taking place in the Garden State now.

All forms of online casino gambling produced higher numbers, except bingo, which noticeably fell some 20% to £2m. This is in part due to the advancement in technology making bingo players even more confident to branch out to more skill-based casino games.

The number of player accounts and active online casino accounts both grew in number, with great marketing concepts and player promotions being a factor in this regard. Sports wagering has become impressively popular, with new player registrations at online gambling sites in the UK hitting 5.2m – the highest figure in 5 years.

Interestingly enough, these numbers reflect a mere fraction of the complete UK market, accounting for 15% because they do not include the true offshore side of UK-licensed online casino brands such as Ladbrokes or Will Hill. Both of these companies are huge, and rake in tens of millions on their own each year. The same goes for a large amount of operators licensed in such offshore jurisdictions like Gibraltar or the Isle of Man.

As of right now, however, this will all change October 1, when the UK’s new casino gambling laws take action. Let’s just say there’s a heated war taking place over taxes and it is not pretty, folks. The latest developments in this debacle have the Commission advising internet casino operators to submit their UK license applications by the end of the day, September 16, after which a two-week dead period commences. Two months after that, the UK’s 15% point-of-consumption tax (POCT) kicks in. And casino execs are not looking forward to it.

Combined wagering – online or off – in the UK, according to the Commission, shows total gambling market was worth £6.7b, which is an improvement of about $250m from 2012. This does not count the National Lottery revenue.

Brick and mortar casino earnings gained over 12% to £1.08b (representing 16% of the total gambling market). Table games action was a high performer. Roulette is the king of table games in the UK with Blackjack and Baccarat tied for second place. Keep in mind, Blackjack and Roulette were available at a combined 1,496 tables, while only 150 tables offered the game of Baccarat.

The UK has much to be pleased with, overall. New Jersey should take note of the sports wagering figures (even though it would compromise many things in the US regarding professional sports leagues). Stay tuned to see what happens in the taxation battle between offshore and other UK-licensed casinos.

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 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.

Borgata Nabs First Online Gambling License

Monday, October 7th, 2013

With the start of legalized online casino gambling in the United States, it’s time we start paying closer to who has been given official permission to go live (beyond a partnership between online brands and brick ‘n mortar casinos).

First out of the gate is, arguably, Atlantic City’s most swanky gambling destination – the Borgata Hotel Casino. The Borgata is the first casino property in the New Jersey gambling market to gain full allowance to take wagers at the end of next month.

According to the state Division of Gaming Enforcement, the well-known casino was the first to file a complete application to offer online gambling. The Borgata has chose as its online brand partnership.

Gambling enthusiasts in New Jersey will have a little more on their plate than turkey during this year’s Thanksgiving Weekend, as the official launch date for wagering online will begin the morning of November 26 (so long as a trial period commencing on November 21st and lasting five days, goes off without too many hitches). The trial period will be free of real money wagering and works as a preview for players and a testing period for software and website operations. This is typical and practiced in other online gambling markets.

As will be in the case in all legislated US states, gamblers will have to be physically located within New Jersey’s boundaries to play for real money online. New Jersey stands to be the third state in the nation to offer online gambling (along with Nevada and Delaware), albeit New Jersey has the most highly anticipated launch with most every property set to go live as soon as permits are granted.

The enthusiasm in Atlantic City stems from simple necessity, designed to give the besieged casinos new revenue they so desperately need. Atlantic City’s casino revenue has sunk from a high of $5.2 billion in 2006 to little more than $3 billion in 2012 (and could very well continue to sink below that mark this year). Neighboring states providing brick and mortar competition, Superstorm Sandy and a handful of other damaging events has brought upon New Jersey the worst decline in tourism in the state’s history.

The Borgata definitely has a comfortable edge as the first licensed casino online. Even though most every other Atlantic City property has a partnership underway, licensing for these other casinos is likely to come some months after the November 26th launch, thus giving The Borgata a healthy headstart within the burgeoning New Jersey online gambling market.

Among the other operators that have applied for a license is Caesars Entertainment, which is partnering with 888 Holdings in New Jersey and already has its eye on interstate compacts. Looking to expand straight out of the gate, Caesars has the plan to work with Nevada, through the World Series of Poker brand (WSOP).

Worth noting, in partnership with Resorts Casino, PokerStars may be brought back to life with the US online poker market if New Jersey approves its license application. Poker gaming giant Poker Stars was seemingly put to bed after the huge Black Friday fallout with the US Justice Department. It just goes to show that the online gambling industry is gaining much steam, and further legislature in the US (whether on a State-by-State or federal basis) is only a matter of time.

Who Says US Lawmakers Are Against Online Poker?

Sunday, September 29th, 2013

johnmccain_onlinepokerOne can’t help but get a good chuckle out of the entire circus surrounding online poker legislature in the US, especially when even our lawmakers are caught playing poker from their iPhones during serious congressional hearings.

According to a report in The Guardian (not to mention social media outbursts of laughter), Republican Senator John McCain was recently photographed/caught on film attentively playing poker on his iPhone during the extremely heated Senate Syria hearing that has been widely debated and covered by all news outlets. Melina Mara, who is a Washington Post photographer, couldn’t help but snap away pictures of McCain when she observed him actually engaged in a poker game on his smartphone during a very tense senate debate over Syria and potential US action in the grave matter within the Middle Eastern country.

I guess even lawmakers fall prey to the same curiosities we do while working, right? But most concerning is that after McCain realized he was snapped by a photographer during his online poker session while seated during the Syria hearing, he didn’t seem too concerned at all. Supporting what I believe to be a lack of contrition when caught playing online poker from his iPhone, McCain tweeted that a lengthy 3-hour long session concerning intervention in Syria (which he is firmly in favor of), was to blame, not his love for poker.

I’m not necessarily suggesting that Mr. McCain was logged onto Ultimate Poker or playing for real money, but I am pointing out that online poker has certainly commanded serious popularity, has it not? It sure seems that poker has made its fair share of headlines in the US regarding proposed bills and several failed attempts to getting an appropriate bill passed into legislature.

For me personally, my interest is piqued in this matter and I find it interesting that poker is actually being played online in the very room it so desperately is trying to become legalized for real money wagering. But my most pressing question is this: Hey Senator McCain, did you win?

Latest Wynn Possibilities in Atlantic City

Tuesday, September 10th, 2013

Last month, Wynn Resorts entered the New Jersey online gambling market with surprising interest in either buying a casino in Atlantic City or partnering with an online casino brand to launch a site in New Jersey. Surprising indeed because Steve Wynn himself recently stated that New Jersey was the “enemy” in relation to the brick ‘n mortar gambling industry.

Exploring the idea of Wynn Resorts perhaps taking over the beleaguered Atlantic Club Casino and Resort in Atlantic City, I personally have less faith that Steve Wynn meant what he said. Perhaps he did for a bit – but for the brief time between his statement and the realization that properties are actually still available in New Jersey.

What if Wynn Resorts did indeed buy the Atlantic Club in Atlantic City in order to gain a foothold in New Jersey’s highly anticipated internet gaming market? After all, Wynn knows the property right? Steve Wynn actually built the Atlantic City Boardwalk’s southernmost casino property back in 1980. At the time, the property opened as the Golden Nugget. Seven years later he sold it. Since then, the casino has seen its share of name and branding changes.

As previously reported, a Wynn subsidiary discretely applied for one of New Jersey’s online gambling licenses. The Press of Atlantic City found out, however, both the Division of Gaming Enforcement and Wynn officials have remained mum on the subject. For enforcement officials, this is obviously a confidential matter. But for Wynn Resorts, mum is the word apparently, as they perhaps back-peddle on Steve Wynn’s previous comments regarding New Jersey.

A requirement in New Jersey is that online gaming providers must partner with an operating Atlantic City resort. Though all but 2 casinos in Atlantic City have entered into such partnerships, the Atlantic Club has remained on the market.

New Jersey is set to take off this coming Thanksgiving and analysts believe it will be far more profitable than Nevada’s online poker market. New Jersey has more than 9 million residents and is adjacent to New York City, Philadelphia and other heavily populated and gambling-friendly areas.

Reuters has firmly stated that Nevada’s online casino market will generate $50 million to $250 million in annual revenue while New Jersey is predicted to generate $500 million to $1 billion yearly.

Does Steve Wynn still have an affinity for the Atlantic Club despite his remarks about online gambling and New Jersey? It has been reported around Atlantic City that Wynn has regularly visited the property in the past months.

In other Atlantic City standings, PokerStars has moved on to become the online gaming partner for Resorts Atlantic City. We recently covered an article about Gibraltar-based 888 Holdings and its Caesars Entertainment Corp.’s partnership in New Jersey. Gamesys Limited of Britain has signed on with the Tropicana Atlantic City. Trump Plaza has apparently shacked-up with Betfair, and Borgata has partnered with of Gibraltar.

We also covered the news surrounding PaddyPower and its would-be interest in the Atlantic Club. Paddy Power passed licensure vetting in Nevada last year and has since announced interest in New Jersey. Perhaps the Atlantic Club is being wooed by both Wynn and Paddy Power?

Lastly, Landry’s Inc., the owner of the Golden Nugget Atlantic City, might be eyeing a sell-out. The property, despite an expensive renovation, has not seen the revenue it needs to succeed. Also a Wynn possibility, no? The company has not made a definitive decision and may consider selling internet gaming rights on the property also. So many options, you might have better odds playing online keno.

Nevada Gaming Board Approves GambleID

Sunday, June 2nd, 2013


One of the biggest hurdles in developing online gaming regulation, ie., legitimizing online wagers, has always been the ability to effectively identify a player and their actual location in order to comply with jurisdictional laws. After all, one region may legalize gaming online but without the physicality of a casino.

So then, without a place to literally check identification, what’s to stop someone from playing online in a location they are not allowed to? Fortunately, there’s quite a lot – and all thanks to modern-day technology.

The Nevada Gaming Control Board (NGCB) along with the Nevada Gaming Commission (NGC) just approved GambleID for a gaming license as a Class 2 Service Provider. GambleID will effectively apply customer insight to online gambling sites, meaning, it will provide the software for identifying and authenticating casino patrons online. With this new approval by the NGCB, GambleID has become the 23rd company to be given an online gaming license to operate within the Nevada online gambling industry.

GambleID’s platform provides a full start-to-finish process that provides complete insight into player identification and location verification. One of only a few companies that can provide this authentication process with online casinos, GambleID’s technology will ensure that in Nevada, all players logging on and gambling online, are residents of Nevada, or are at least qualified to play while physically in Nevada. In a way, you could say that even online, “what happens in Vegas, stays in Vegas”.

While GambleID is not a new company, it has historically provided products and solutions designed to meet the regulatory compliance requirements of the online gaming industry at large. GambleID is confident that their concepts for helping online casinos verify players will be essential and valuable for the next market to be legalized for online gaming.

According to GambleID, its multi-layered platform effectively verifies identity, validates location, digitally fingerprints devices, provides payment authenticity, risk mitigation, and even forecasts customer value and ranking using resourceful tools through its fully managed services.

It’s quite obvious that regulators are concerned when it comes to reducing the risk of improper gaming. As tricky as it may have been in the past to verify a player and their location, those days are surely dwindling as technology has advanced in order to meet the massive demand. The announcement for approval coming from the NGCB and NCG is a huge achievement for GambleID and a major move toward further legitimizing online casino gambling in the United States.

When it comes down to it, developments like these really are a win-win for all parties involved. As gaming operators vie for online licenses, completely accurate software for proving a player’s identity and where they are truly located is vital. Without authentication, casino operators might as well forget about applying for a regulatory license. Advancements like this are an integral part of online gambling expansion, for as new US states and other regions of the world consider legalizing real money online wagering, all eyes will be on jurisdictions like Nevada.

Request for Comments From Nevada Gaming Commission

Saturday, March 23rd, 2013

Nevada Gaming Control BoardThe Nevada State Gaming Control Board Gaming Commission is looking to public opinion before creating/finishing its interstate online poker regulations. Many of you online gambling Aficionados out there know this stems from the recently passed Assembly Bill 114.

Nevada Gov. Brian Sandoval just signed the bill into legislature last month. AB114 enables Nevada to enter into deals with other states to provide online poker and other online gambling activities in such states it creates these deals with. This is an extremely savvy move by Nevada; Seeking public opinion on the matter is even more reassuring.

The Gaming Commission is now configuring the regulations on the matter in order to format it into law. In other words, they are sorting through all the loop holes and the fine print jargon!

In preparation for this new step into the ever-growing legalization of online gambling (online poker in this case), people who are interested in or believe they will be directly affected by the law have until April 12 to file statements. These comments will be posted online similar to an open forum. Reply responses on the matter will be allowed until April 19.

The official Request for Comments form on the Nevada Gaming Commission website can be found here. It lists both eMail and mailing addresses for sending statements.

Such an innovative move shows that the Commission is concerned with those issues that should be measured for inclusion in regulations of the would-be interstate online poker deals. There is no doubt a focus on whether gaming income sharing should be based on where poker bets are made or the location of the online gambling site (Nevada).

Additionally, the commission is seeking opinion on how to mediate possible player disputes should/when problems take place over state lines.

As it stands, no Nevada-based online sites offer real money online poker – yet. As you would imagine, more than 12 gaming companies are knee deep in the process of developing platforms for Nevada residents.. And you can bet your bottom dollar more are on the horizon.

At this time, New Jersey and Delaware are the only other US states that have already legalized online gambling.

Is Online Gambling Legal?

Tuesday, October 9th, 2012

is online gambling legalWell, if you were to ask that question five or more years ago, the more common answer would either be “no”, or, “maybe, maybe not”.

The fact is, online gambling, like the internet, hasn’t been around very long. Fifteen years (about how long the internet has been mainstream) simply is not your typical time period for establishing an entire industry. But thanks to a huge demand, responsive supply and fast-growing technological advancements, online gambling has indeed become a formidable and thriving industry.

The United Kingdom officially began regulating online gambling in 2005 (under the UK Gambling Act, 2005). And by “regulating”, it’s meant that the market has been opened to gambling operators outside of the UK – not just for government-controlled monopolies – which has been the case in other parts of the world. Several high-GDP European countries, such as Italy, France and Spain have followed Great Britain’s lead and have regulated online gambling to various extents (although none quite as liberally as Great Britain).

These days, the question of whether online gambling is legal or not is most relevant for United States citizens. Existing in a grey area for years, it was shortly before the UK began to legalize online gambling that a highly criticized and faulted anti-online gambling bill – the Unlawful Internet Gambling Enforcement Act (UIGEA) – was slyly attached to a must-pass port security bill and made law.

While it took nearly two years to make the UIGEA enforceable (contingent upon federal banking institutions becoming compliant under what has been deemed confusing and unrealistic terms), the ruling legal authorities in the United States – the Federal Bureau of Investigation and Department of Justice – have since turned to the UIGEA to instigate a campaign of cracking down on large gaming operators and payment processors doing business with U.S. citizens. Neteller, BetOnSports, Poker Stars and Full Tilt are, to date, the most well known victims of the UIGEA.

In fact, the FBI has an article published on its website clearly stating that it is illegal for U.S. citizens to gamble at an online casino. However, this article was published in 2007 (has not since been updated). Besides the fact that no U.S. citizen has been arrested for betting at an online casino to date, the truth of the matter is that online gambling has gone full circle, back into a regulatory grey area.

Early in 2012, the DOJ announced a change in its interpretation of the outdated Wire Act, stating that the UIGEA only applied to sports betting. While that’s not the best news for sports bettors, the good news is that online gambling in the United States is well on its way to becoming legalized and regulated. Delaware became the first state to officially legalize online casino gambling in 2012, Nevada became the first to legalize online poker, and several other State’s – including California, Florida and New Jersey – have introduced legislation and are currently considering regulatory options.

While the gaming industry at large would prefer a federal plan to make online gambling legal in the United States (let’s just say there would be more uniformity in compliance between States), at this stage in the game, operators will take what they can get. As it was in the beginning days of the internet, U.S. citizens continue to be the driving force behind the multi-billion-dollar online gambling industry of post 2012.