California and Illinois – perhaps even New York – may be the source of the first efforts to launch programs that could quickly lead to Internet poker.
That’s a statement based on speculation, of course, but the speculating comes from sources with a good sense of the political and business dynamics at work in each of these areas.
I’m told there are a lot of conflicting viewpoints at work in California where the myriad tribal and gaming industry officials scarcely speak with one voice, "but at some point," a seasoned gaming executive tells me, "it is going to be pointed out to each of these groups that the train has left the station on this issue. It’s going to happen and they should compromise where necessary to begin earning revenue that everyone, including the state, needs."
Does he know when and where such a compromise may begin to take shape?
That’s where he began to get vague, arguing it only stands to reason that something of this sort will take place. "It makes sense," he declared. That does not always have a lot to do with what happens in the world of heavyweight politics.
"And there is something else," he said. "The California population of nearly 40 million (the nation’s most populous state) has everyone’s attention. This could generate some serious revenue and tax dollars…not like trying it in Nevada with a population that is less than a tenth the size of California’s."
A second source points to one of the relatively new arrivals on the Internet gaming scene – state lotteries, which are expected to begin doing business via the Internet well before the end of the year.
"Illinois will probably be up and running within the next three or four months," he said. How quickly the Internet sale of lottery tickets may grow into something more is largely guesswork at this point.
"The feds may get around to filling this regulatory vacuum at some point," my second source said, "but there’s no telling what the gaming landscape will look like by then because some of the states are already developing their own plans."
Atlantic City’s Revel formally completed a Chapter 11 restructuring that saw it wipe away $1.2 billion of its $1.5 billion in debt, in return for granting lenders an 82 percent ownership stake.
Cantor Gaming announced today it has released future odds on NFL season wins. The company is offering advanced wagering on weeks 1 through 16 of the NFL season, in addition to wagering on NFL season win totals, Division odds and Super Bowl odds.
Terrible’s Hotel & Casino began its transition to a new identity by uninstalling its iconic Terrible’s Cowboy neon sign on Monday. The property will become the Silver Sevens Hotel & Casino in July.
Vegas Sports Books | The LVH Super Book threw out all kinds of cool NFL stuff on Sunday that will give bettors something to chew on for a while. They posted their games of the year along with their season win totals.
The Miami Herald building, although still standing, no longer houses the newspaper operation. As of last week, the Miami Herald building is now owned by Malaysia-based Genting Group, the company that paid $236 million for the right to tear it down.
- Brilliant online casino, up to €1000 bonus
- Play slots at Gala Casino
- Sign up at GamingToday to play FREE online poker
- GamingToday Casino Games and Poker
- Learn poker with Ladbrokes
- GamingToday Sports Betting News
- GamingToday Play Free Video Poker
- Follow GamingToday on Twitter
- Like GamingToday on Facebook