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A CHANCE FOR U.S. PLAYERS TO COMMENT ON INTERNET GAMBLING (Update)
Following up on its decision to draft a framework for regulated online gambling that will be of assistance to US states seeking to open their markets (see previous InfoPowa reports), the National Council of Legislators for Gaming States (NCLGS) has invited comments from the public to assist in the process.
The Council is collaborating with the University of Las Vegas International Gaming Institute on the project, which it hopes to bring to fruition next year.
The initiative is well-timed, with the Nevada, Delaware and New Jersey online gambling markets already legalised and several other states reputed to be actively considering possibilities.
The Council does not have a position either for or against the concept of legalised online gambling, but has recognised that it is a very real factor in the US gambling industry, and that there is a need for appropriate and effective regulation should individual states decide to take the regulatory and licensing route.
The public invitation is well and professionally presented with guidelines on the link below, and the window for comments closes on January 31st 2014.
PIONEER ONLINE SPORTSBOOK CLOSES
The World Sports Exchange, a Apuestas Deportivas Online Bingo Play Slots Online in US March Madness Bracket 2020 pioneering online sports betting operation in the Caribbean which has been making headlines - often for all the wrong reasons - since the 'nineties, has finally closed.
The site has frequently been the focus of attention from enforcement agencies, but the management claims the "halt" in operations is the result of "inadequate capital resources" and that its financial affairs are currently under review.
Any remaining players will hardly be reassured by the lack of detail on how their account balances are to be handled; the notification merely informs them that they will be kept informed on the company's plans to repay or transfer player account balances.
Founded by Jay Cohen, one of the first online betting execs to be prosecuted and imprisoned, in more recent times the company has become notorious for slow payments and has frequently been accused of bad player communications.
The current US enforcement drive against online sports betting companies (see previous InfoPowa reports) is hardly an encouraging development in the sector.
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FULL TILT LAUNCH REACTIVATES 400 000 PLAYERS
PokerScout published its online poker traffic report with some interesting summations on the return of Full Tilt Poker (FTP).
Full Tilt Poker took back its second place position in the market soon after launch, averaging around 8 500 cash game players which PokerScout said is nearly triple the traffic of iPoker Network or PartyPoker.
PokerScout opines that the majority of Full Tilt players weren't poached from competitors but rather returned to online poker, specifically Full Tilt, following a 16-month absence which as resulted in the reactivation of 400 000 players. It bases the opinion on an average 5 percent drop in traffic on the top five poker sites in the week following FTP's launch which totals only one quarter of FTP's traffic.
Acknowledging that 10 percent of launch-day visitors may be attributed to "novelty factor" and "curiosity-seekers", PokerScout said even so, figures show the site would have lost only 11 percent of its customers, a surprising and impressive development.
Other network news showed the benefit of the iPoker French network's acquisition of Everest Poker.fr, with the network showing growth of 2000 percent ahead of Party Poker.fr and third place overall in the French market.
Top Movers during the week:
-Full Tilt Poker took its second place pushing 15 websites and networks down a notch.
-iPoker.fr made its top 20 debut in 18th place after the Everest merger.
-PartyPoker.fr and International.it each dropped two spots to 19th and 20th, respectively.
-PeoplesNetwork.it and IPN, formerly in 19th and 20th place, respectively, fell out of the top 20.
Year-Over-Year, online poker traffic has increased by 3 percent as the market is buffeted by tough regulatory environments and harder economic times.
The top three company's year-on-year saw PokerStars down 7 percent, iPoker Network down 28 percent and PartyPoker down 32 percent.
Notable gainers year-on-year were iPoker.fr, up 1 500 percent and Revolution Gaming (formerly Cake Poker Network) up 59 percent.
Notable decliners include IGT Poker by 90 percent, International Poker Network (IPN) down 48 percent, Merge Gaming Network down 46 percent, iPoker.it - 31 percent, PKR - 25 percent, PokerStars.fr - 24 percent and Ongame Network - 20 percent.
Under the small but interesting heading, Winning Poker Network (formerly Yatahay) was up 200 percent and Everleaf Gaming Network down by 53 percent.