US Online Poker Regulations
The first week of July is quickly coming to a close and it has been a busy start as both Canada and the US celebrated holidays. The move to legalize online poker is marching forward to a steady beat and there was definitely some uphill battles won.
Dover Delaware – Online Gambling Regulations
In Delaware, the amended proposals for the states online gambling regulations were released. The Delaware Gaming Competitiveness Act of 2012, which was signed into law by Governor Jack Markell last year, allowing a wide range of internet gaming offering slots and casino table games such as roulette, poker and blackjack.
Under the new proposal, the states lottery will oversee the full service betting allowance. The state has also given the Division of Gaming Enforcement (DGE) the right to enforce restrictions on applicants that have been convicted of a felony or any gaming related crime. This new rule is different than the “Bad Actor Clause” other states, like Nevada have initiated to prevent unwanted companies from entering their markets.
Kentucky – bwin.party Civil Lawsuit Settlement
A few states over in Kentucky, in a second settlement this month, the commonwealth reached an agreement of $15 million. This additional settlement was made from the 2010 ongoing civil lawsuit between the state and bwin.party. Governor Steve Beshear’s adamant pursuit of seeking damages to recover online gambling losses for Kentucky residents finally came to a resolution.
“I’m pleased that we were able to recover losses on behalf of Kentuckians,” Beshear said. “bwin.party is making every effort to comply with the laws of the United States and demonstrate that they want to be known for their integrity and honesty in this industry.”
Kentucky plans to continue action against online gaming companies PokerStars and Full Tilt Poker in its pending lawsuits against the online poker rooms.
Atlantic City – Regulation and Partnerships
Onto to New Jersey as we continue our poker tour of the US. Pokerstars and Resorts Casino Hotel have decided a partnership will be best for business as they await approval from the New Jersey regulatory authorities. The world’s largest online poker room and America’s first casino outside Nevada, have reached an agreement to provide online gaming in the Garden State.
“This is another blue chip partner for Resorts to complete a wonderful series of brands – Mohegan Sun, Margaritaville and now PokerStars,” said Morris Bailey, Resorts’ Company Chairman.
Its a partnership that will culminate in the marriage between the first casino to open in Atlantic City with one of the biggest online gaming companies in the world.
“Resorts is a fantastic partner for us and we are looking forward to launch PokerStars in the U.S. in association with the other quality brands Resorts has brought to Atlantic City,” said Mark Scheinberg, CEO of The Rational Group. “We are very happy to invest in New Jersey and we are excited about building a successful relationship with Resorts.”
Staying in Jersey, Trump Taj Mahal and Ultimate Gaming decided that partnering is the way to go, as an announcement released earlier this week, witnessed the signing of a deal to offer real money online poker.
The forming of these new partnerships seem right on track with the Department of Gaming Enforcement (DGE) recommendation for casino licensees looking for interactive licensing approval. A June 29th deadline was set by the DGE last month for a chance at the casinos to gain approval although it does state no guarantees for an interactive licensing will be given even if partnerships are formed.
Ultimate Gaming Continues Poker Success
Moving into Nevada, Ultimate Poker launched its $100K Summer Series Guarantee. A tournament that will hold 11 Events from July 4th – 14th. This inaugural event will award participants a custom Ultimate Poker commemorative watch in addition to the first place cash prize.
The tournament uses a leaderboard format and players wanting to qualify for the Red Rock Ultimate Poker Challenge taking place later this summer will receive points awarded on their finishing position in each of the 11 Summer Series Events.
MGM Grand – Las Vegas – This is a bit off topic but last night was a great night in MMA as Chris Weidman finally called Anderson Silva’s bluff as the greatest fighter in the history of the sport. Silva’s taunting finally got the best of him, as a game Weidman finally saw past the bravado and landed a series of punches to TKO “The Spider.”
In post interview, Silva seemed somewhat uncertain as to where his career would go and declined on a rematch with Weidman. As a fan of the sport for over 16 years now, I can honestly say this is one of my favorite upsets since Quinton Jackson KO’d Chuck Liddell.
And in closing we’ll end with some insights from J Todd as he shares is perspectives on Delaware’s US online poker regulations, Bally Tech and Optimal Payments.
Oh yeah and one last thing…my favorite quote of the week comes from one of my favorite poker players, Mr Daniel Negreanu on “excessive time wasting” as in relation to poker of course,
“It’s becoming an epidemic with a lot of the young players,” Negreanu said. “I’m actually getting some shirts made that say, ‘Don’t be a clocksucker.”
I’ll buy that t-shirt!
Until next time, see ya on the felt!