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MGM, Caesars and Red Rock Revenues Rise as Vegas Casino Sector Thrives

09/11/2016 02:02
The strength of the casino market on the Strip is brightening up financial reports, as are domestic markets in general. (Image: Gavin Hellier / Getty Images) A booming Las Vegas Strip helped Nevada’s casino giants to a positive Q3, as MGM Resorts International, Caesars Entertainment Corp and...

Hard Rock Casinos Looks to Rock ‘N’ Roll Into Japan

09/11/2016 02:01
Rock ‘n’ roll was cultivated in the United States, but Hard Rock is hoping to take its casino act to Japan. (Image: Chris Harris/thetimes.co.uk) Hard Rock Café International Inc. is the latest casino company in the United States to set its sights on Japan. The privately owned Florida-based...

Downtown Grand names 4 new executives

21/09/2016 11:38
    A view of the lobby following an official opening ceremony for the Downtown Grand in downtown Las Vegas Tuesday, Nov. 12, 2013.   The Downtown Grand has a slate of new executives. Management announced today that Marie Ramsey was hired as chief financial...

California Indian Tribe to Test Online Poker Laws in Opening Website

17/09/2016 18:41
    Instead of waiting for the California General Assembly to enact regulations for online poker in the state, an Indian tribe in the state has taken the bold step of opening up their own online poker room that will test several state and federal laws. Late last week, the...

BetOnSoft rebrands to Saucify

17/09/2016 17:36
  LONDON -- (PRESS RELEASE) -- Cutting-edge casino games provider BetOnSoft today announces that it has rebranded to Saucify. The new brand name is evocative of adding sauce to a dish to make it more exciting and flavorsome, exactly what Saucify has been doing for the past eight years in the...

IGT-GTECH deal called plus for industry

17/09/2016 17:34
    LAS VEGAS -- IGT - International Game Technology’s $6.4 billion buyout at the hands of lottery giant GTECH Corporation was all about timing. After years without consolidation of the manufacturing side of the gaming industry, the deal between Italy-based GTECH and Nevada-based...

Card Player Poker Tour to make stop at Bicycle Casino in Southern California

10/09/2016 17:33
  (PRESS RELEASE) -- Card Player Media has announced that he next exciting stop on the Card Player Poker Tour will take place at the Bicycle Casino in Bell Gardens, California with a nine-tournament series beginning September 21. The highlight of the series will be the $1,000 no-limit...

Nevada Regulators Approve Inter-Operator Online Poker Network

17/09/2016 18:38

Nevada’s population puts it in the lower half of the states in the U.S. The Silver State’s 14-month old regulated online poker industry, while not a bust by any means, has not seen the success that people envisioned. Something needs to be done to wake things up and looks like that may be happening. The Las Vegas Review-Journal reported Wednesday that the Nevada Gaming Control Board has tentatively approved a plan to allow competing poker sites within the site to band together in a single network.

The plan was proposed by 888 Holdings, which would develop the network. The initial idea would be to have WSOP.com and a yet-to-launch Treasure Island poker room operated by 888 as the first members of the network, as well as possibly another 888/Treasure Island room. Players would be able to logon through any room on the network and, just like with networks we have been used to seeing over the years, would end up sitting with players from any of the member rooms.

Said 888 attorney Yehoshua Gurtler, “For Nevada, a network provides more gaming taxes due to greater product attractiveness and player participation.”

And that right there is the key. Poker rooms need players. That may seem obvious, but it is hugely important in online poker. At an online casino, players can be scattered all over the place at different games and different stakes and it makes no difference to the player experience. Gamblers can be perfectly happy playing blackjack at a table by themselves. But in poker, people need other people against whom to play. You can’t have a smattering of players here and a smattering there. You need volume. And low traffic just leads to lower traffic. If a poker rooms is sparsely populated, it just looks that much worse to a prospective player, so new customers don’t sign up. And current customers eventually get sick of not being able to find a game, so they leave.

The proposed inter-operator network would attempt to remedy problems of low traffic by allowing operators who would normally compete with their separate poker rooms to being their player bases together on one, bigger network. The companies would still compete, as 888’s technology would track revenues to individual players and back to the rooms at which they signed up, but they will have to find different ways to draw players to their specific site, as the poker room itself will be identical to those on the network.

It will be interesting to see when and if this happens. WSOP.com is currently the most trafficked site in Nevada, with a seven-day average of 160 cash game players, according to PokerScout.com. That number is likely buoyed by the multitudes of players visiting Las Vegas for the World Series of Poker, though. Ultimate Poker, which is not a party to this proposal yet, is next with just 55 players. 888 does not have a poker room in Nevada, but did create the All American Poker Network (AAPN) over a year ago. It also made a deal with Treasure Island to develop its poker offering. 888 does have a poker room on the AAPN in New Jersey, so it would not be surprising if it was able to get Treasure Island’s poker room launched quickly. There is no word if this Nevada network would actually be called AAPN.