California Online Poker Efforts Shelved Indefinitely Very Little Chance Bill Will Move Forward This Year: Report
Excerpt:
by Brian Pempus | Published: Apr 25, 2017
It’s been 10 years since lawmakers in California began looking at regulating state-licensed online poker sites. Nothing has ever come to fruition.
It was already unlikely that 2017 would be any different, but, according to OnlinePokerReport, California Assemblyman Reggie Jones-Sawyer, sponsor of the current online poker bill, has said definitively that there won’t be any action on it this year.
The debate could be restarted next year, but there’s no guarantee.
California tribes haven’t been able to come to a consensus on how to regulate the industry. Some don’t want PokerStars being allowed entry into the market.
...read more at link above...
Tuesday, April 25, 2017
Monday, March 6, 2017
How Well Is Pala Interactive Doing?
It's hard to know how well Pala's online gaming business is doing. But we can infer some things from the news.
From this article:
uspoker.com - Will A Hard Rock-Branded Online Casino In New Jersey Flourish Or Flounder?
Excerpt:
Latecomers have gained significant market share
The NJ online poker and casino industries consisted of far fewer sites in November 2013, the month when the first wave of regulated sites went live. And all of them have performed admirably.
Pala Casino launched in November 2014. Despite being a relatively unknown quantity in New Jersey, the San Diego-based brand now accounts for a significant portion of Borgata AC online casino revenue.
How much? According to the latest US iGaming Tracker report from Eilers & Krejcik Gaming, the casino has captured 15 percent of Borgata’s online market share, which translates into roughly $5.6 million in revenue generated per year.
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You can read the entire article at the link above.
So, after an alleged $100 million investment by the Pala Band of Mission Indians about 4 years ago Pala Interactive seems to be generating about $5.6 million a year in revenue, at least in New Jersey.
From this article:
uspoker.com - Will A Hard Rock-Branded Online Casino In New Jersey Flourish Or Flounder?
Excerpt:
Latecomers have gained significant market share
The NJ online poker and casino industries consisted of far fewer sites in November 2013, the month when the first wave of regulated sites went live. And all of them have performed admirably.
Pala Casino launched in November 2014. Despite being a relatively unknown quantity in New Jersey, the San Diego-based brand now accounts for a significant portion of Borgata AC online casino revenue.
How much? According to the latest US iGaming Tracker report from Eilers & Krejcik Gaming, the casino has captured 15 percent of Borgata’s online market share, which translates into roughly $5.6 million in revenue generated per year.
----
You can read the entire article at the link above.
So, after an alleged $100 million investment by the Pala Band of Mission Indians about 4 years ago Pala Interactive seems to be generating about $5.6 million a year in revenue, at least in New Jersey.
Tuesday, February 14, 2017
California Online Poker Stalls Out
Online Poker Futility Serves As A Lesson To California Tribes On Embracing Technology In A Changing Industry
Excerpts:
By Dave Palermo
#
Tribal leaders and gambling industry executives are pessimistic of success in getting online poker enacted in the two-year legislative cycle that began in January, largely because of lingering differences over the licensing suitability of PokerStars.
“There is no evidence that the tribes have reconciled that or even demonstrated a willingness to do so,” said Jim Ryan, CEO of Pala Interactive, an enterprise of the Pala Band of Mission Indians.
“Everything I’m being told is that the legislators in Sacramento have been exhausted by the issue. So in the absence of a material catalyst I think iPoker is certainly going nowhere fast.”
#
Pala and the Mohegan Tribe of Connecticut operate websites offering real-money gambling and social gaming, where players pay for credits to play casino games that do not produce jackpots.
“In the past 3½ years many tribes have provided social gaming offerings over the internet,” Ryan said, including several California Indian bands.
Economists believe the annual North American social gambling market is approaching $4 billion in annual revenue.
#
Read the full article at the link above for more information.
Excerpts:
By Dave Palermo
#
Tribal leaders and gambling industry executives are pessimistic of success in getting online poker enacted in the two-year legislative cycle that began in January, largely because of lingering differences over the licensing suitability of PokerStars.
“There is no evidence that the tribes have reconciled that or even demonstrated a willingness to do so,” said Jim Ryan, CEO of Pala Interactive, an enterprise of the Pala Band of Mission Indians.
“Everything I’m being told is that the legislators in Sacramento have been exhausted by the issue. So in the absence of a material catalyst I think iPoker is certainly going nowhere fast.”
#
Pala and the Mohegan Tribe of Connecticut operate websites offering real-money gambling and social gaming, where players pay for credits to play casino games that do not produce jackpots.
“In the past 3½ years many tribes have provided social gaming offerings over the internet,” Ryan said, including several California Indian bands.
Economists believe the annual North American social gambling market is approaching $4 billion in annual revenue.
#
Read the full article at the link above for more information.
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