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The known effects of online poker in New Jersey

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pexels-photo-590020 The known effects of online poker in New Jersey

New Jersey has never been a focus point when it comes to talk about online poker revenue. Every month when the numbers come out and the stats are revealed per vertical in NJ, somehow online poker always seems to fall short.

This has been the case for the past 18 – 19 months and the recent figures are highlighting the side effects of the signing of the game changing multi-state agreement.  The multi-state agreement was set up to allow online poker operators to share online poker player pools with others in Nevada and Delaware.

To put it as simple as possible, online poker players in Nevada, New Jersey, and Delaware were able to play against each other legally for the first time when they logged on to the WSOP.com and 888poker network on May 1, 2018.

Before the shared liquidity was allowed in New Jersey, the market was in a perpetual decline with only a few months of annual increases posted by individual operators scattered across the entire history of the market.

As mentioned earlier, the agreement beseem to be a booster for the online poker industry in NJ, but it proved to be deficient in raising the scores when it comes to income from online poker. We must mention the fact that 888poker NJ, who are currently the only New Jersey online poker network that is able to share player liquidity with other states, reported a 19.5% annual increase last month.

The combining of player pools is a huge step forward for the online gambling industry in the US and even if it came with some technical glitches at first, technology has managed to resolve most of the reported errors.

If there are signs that are pointing toward a rise in revenues, we certainly must mention that larger player pools will have a ripple effect on online poker and shared liquidity may also have a positive impact on potential legislation in other states. This could be in the mind of the Pennsylvanian legislators, who are flirting with the idea of launching online poker.

Pennsylvania is the sixth largest state in the US (population of nearly 13 million people) and rumors say that the process of launching online poker already begun with the likely case of joining the Multi-State Internet Gaming Association when it goes live.

We can already say that if the plan goes through, it would double the number of those currently exposed to online poker in the three states, mentioning the fact that when the current shared liquidity begun, it brought an additional exposure to 4 million people for the All American Poker Network (AAPN).

Thus, in my opinion, we can set an additional news alert, next to the New Jersey Division of Gaming Enforcement (DGE) notifications of course, for online poker in Pennsylvania.

With an experience of over 8 years in the online gambling industry, as an affiliate, later affiliate manager and consultant, I consider myself a veteran of the industry and can guarantee that you will be served with the most accurate information.

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321CryptoCasino Strikes Industry First With TrustTracker

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crypto-35 321CryptoCasino Strikes Industry First With TrustTracker
crypto-35-1 321CryptoCasino Strikes Industry First With TrustTrackerReading Time: 2 minutes

 

Cryptocurrency operator 321cryptocasino has agreed on an industry-first partnership with TrustTracker2122-20 321CryptoCasino Strikes Industry First With TrustTracker, a new blockchain-based tool designed to help solve the issue of player trust in the casino sector.
321cryptocasino players can now use TrustTracker2122-21 321CryptoCasino Strikes Industry First With TrustTracker to check that the result of every spin or bet was the same as recorded in their transaction history.

TrustTracker2122-22 321CryptoCasino Strikes Industry First With TrustTracker uses technology powered by the CasinoCoin blockchain to store the results of every transaction. Once integrated via a simple API, players can then use the TrustTracker2122-23 321CryptoCasino Strikes Industry First With TrustTrackerapp to enter their bet code, or scan a QR code, and receive a near-instant confirmation that the result on the ledger is legitimate.

As well as being a powerful trust-building tool for casinos at a time when public perceptions of the industry are shaky, the data captured by TrustTracker2122-24 321CryptoCasino Strikes Industry First With TrustTracker can also be used by operators to build new products, better engage players and even boost acquisition by sharing data on everything from RTP to jackpot frequency.

Tomy Simonian, PM at 321cryptocasino said: “We understand that casino players are increasingly demanding when it comes to issues surrounding transparency and trust. TrustTracker2122-25 321CryptoCasino Strikes Industry First With TrustTracker allows us to place the legitimacy of our product at the heart of our engagement, acquisition and wider growth strategy.”

Andrew French, MD at TrustTracker2122-26 321CryptoCasino Strikes Industry First With TrustTracker, said: “We have built TrustTracker2122-27 321CryptoCasino Strikes Industry First With TrustTracker to solve a very real trust issue within the casino industry at the moment. By utilising the CasinoCoin blockchain, we are able to seamlessly prove to players that the games they enjoy are legitimate. We aim to become the standard for accountability and visibility that our industry aspires to.”

Last year, the UK Gambling Commission conducted a survey which showed that just 29 per cent of people agreed with the statement: “Do you agree that gambling is conducted fairly and can be trusted.” This was down from 48 per cent in 2010.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: 321CryptoCasino Strikes Industry First With TrustTracker

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Danske Spil Appoints Nikolas Lyhne-Knudsen as its New CEO

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2-11 Danske Spil Appoints Nikolas Lyhne-Knudsen as its New CEO
2-11-1 Danske Spil Appoints Nikolas Lyhne-Knudsen as its New CEOReading Time: < 1 minute

 

Danish national lottery and gaming operator Danske Spil has appointed Nikolas Lyhne-Knudsen as its new chief executive officer.

Lyhne-Knudsen will assume the role on October 1, replacing Susanne Mørch Koch, who has been in the role since April 2017. Koch announced her intention to step down in March to become the new CEO of Danish amusement park operator Tivoli.

Lyhne-Knudsen joins Danske Spil from Danish public-service radio and TV broadcasting company DR, where he served as director of economics, technology.

“I am delighted to welcome Nikolas Lyhne-Knudsen to Danske Spil as new CEO on behalf of a single board of directors. Danske Spil is a modern and digital company that has managed to balance the difficult task of securing the financial foundation under Denmark association life and contribute to a balanced and responsible gaming market in Denmark,” Peter Christensen, Chairman of the Board, said.

“Nikolas Lyhne-Knudsen has the right skills and personal qualities to continue this important community mission and lay the foundation for the future of the Danish Games,” Peter Christensen added.

“I am extremely proud to be part of a historic company that has been for the benefit and benefit of the whole of Denmark for more than 70 years. Together with the rest of the team at Danske Spil I look forward to continuing to secure the financial foundation under the associations and more than 1,300 initiatives in, among other things, cultural life, sports, health and the protection of the environment and climate, which benefit every year through the distribution funds from over DKK 1 billion from the Danish Games lotteries,” Nikolas Lyhne-Knudsen said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Danske Spil Appoints Nikolas Lyhne-Knudsen as its New CEO

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Norway to Consolidate Gambling Laws Under Single Legislative Banner

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5-1 Norway to Consolidate Gambling Laws Under Single Legislative Banner
5-1-1 Norway to Consolidate Gambling Laws Under Single Legislative BannerReading Time: < 1 minute

 

The Norwegian Ministry of Culture is going to launch a consultation on unifying the country’s gambling laws into a single piece of legislation. The new bill would bring together the existing Lottery Act, Gambling Act and Totalisator Act under a group of gambling laws that would apply to the entire Norwegian market.

The consultation will run through to September 29, with a range of stakeholders invited to give their opinions on the proposals.

“The purpose of the bill is to improve responsible gaming [standards] and to prevent problems and other negative consequences of gambling,” Minister of Culture and Gender Equality Abid Q. Raja said.

“We still want voluntary and non-profit purposes to benefit from the profits that gambling generate, and the bill facilitates this, but at the same time also demands more efficiencies from Norsk Tipping,” Raja added.

Among the key proposals in the bill are for Norsk Tipping and Norsk Rikstoto to retain the exclusive right to offer gambling. Both operators would be subject to strict state control, including the government having a final say on board appointments to each business.

The bill would also have the Ministry of Culture assume responsibility for all elements of the gambling market, including rules governing the horse racing sector, which is currently overseen by the Ministry of Agriculture and Food.

The country’s regulator Lotteritilsynet would also be given more power to ensure that gambling is taking place legally. This would include ordering internet service providers to notify users that when they see marketing from offshore operators, this is both unlicensed and illegal.

Aside from traditional gambling, the consultation will also gather opinions on loot boxes in video games and whether these features should be covered by the new set of laws.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Norway to Consolidate Gambling Laws Under Single Legislative Banner

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