Posts Tagged ‘Expand’

NJ State Sen. Ray Lesniak Introduces Bill to Expand Online Gambling Internationally

 NJ State Sen. Ray Lesniak Introduces Bill to Expand Online Gambling Internationally

One of online poker’s most fervent supporters in the political world, New Jersey State Senator Ray Lesniak, has one more trick up his sleeve before he retires. Late last week, Lesniak introduced a bill that would effectively allow New Jersey to enter into agreements with other countries in order to share player liquidity.

The bill, S3536, amends the portion of New Jersey law that legalizes online gambling. Most of the bill is what already exists, detailing the history of gambling in the state, the benefits of gambling (as well as regulation) for the state, and the legalization of internet gaming.

One of the key points of New Jersey’s online gambling law is that the gaming servers must be located in Atlantic City:

….all hardware, software, and other equipment that is involved with Internet gaming will be located in casino facilities in Atlantic City or in other facilities in Atlantic City owned or leased by a casino licensee and thereby considered to be part of a casino hotel facility that are secure, inaccessible to the public, and specifically designed to house that equipment, and where the equipment will be under the complete control of a casino licensee or its Internet gaming affiliate.

But then comes Senator Lesniak’s amendment. He starts by explaining that online gambling has been of great financial benefit to the state and that the market for internet gaming internationally is growing quickly:

In the coming years, the global online gambling market is expected to see a compound annual growth rate, and the largest share of online gambling revenue comes from Europe totaling nearly $ 15 billion a year and growing at a faster rate than the rest of the world; and

Since its inception under P.L.2013, c.27 (C.5:12-95.17 et al.), Internet gaming has resulted in economic benefits to Atlantic City and to this State, and is estimated to have produced, within the first three years of implementation, approximately $ 998 million in economic output, over 3,000 jobs, $ 219 million in employee wages, and $ 124 million in tax revenues, of which $ 84 million derive from Internet gaming revenue alone. The provisions in this act, P.L. c. (C. ) (pending before the Legislature as this bill), permitting Internet gaming equipment to be located outside of the territorial boundaries of Atlantic City if necessary to facilitate the conduct of international wagering, would increase the economic benefit of Internet gaming to Atlantic City and to this State.

And then, right near the end of the bill, comes the kicker, “The division may permit Internet gaming equipment to be located outside of the territorial boundaries of Atlantic City if the division deems it necessary to facilitate the conduct of international wagering permitted under this section.”

Thus, if this bill passed, poker players located in New Jersey would presumably eventually have the ability to play on sites not based in New Jersey. One would assume the New Jersey regulators would have to approve of individual operators and come to agreements with regulators in other countries. When this happens and the player pools of international sites merge with those of New Jersey, player traffic would jump, hopefully attracting more and more players and, in turn, generate more tax dollars for the state.

The current New Jersey legislative session ends January 9, 2018, so Lesniak has a month if he wants to see the bill passed while he is still a Senator.

The post NJ State Sen. Ray Lesniak Introduces Bill to Expand Online Gambling Internationally appeared first on Poker News Daily.

Poker News Daily

ARIA and Poker Central Expand 2017 Super High Roller Bowl Field to 56

 ARIA and Poker Central Expand 2017 Super High Roller Bowl Field to 56

Noting that their numbers would make for a complication, the streaming poker channel Poker Central and ARIA in Las Vegas have expanded the field for the 2017 Super High Roller Bowl to a nice round 56 players.

“Based on the success of last year’s Super High Roller Bowl and the overwhelming interest in this year’s event, ARIA believed it was in our best interest to increase the size of the event by six players.” ARIA’s Director of Poker Operations Sean McCormack stated in a press release from Poker Central. The increase in the number corrects what was going to be a bit of a problem for the 50-player field in that, with seven player tables, there was going to be an odd table that started eight handed. With the increase of six players, that makes for eight, seven-handed tables.

With the increase in the number of players, there also comes an increase in the prize pool for the tournament. The previously stated $ 5 million first place prize (and, at $ 300,000 a pop, the $ 15 million prize pool) will increase the payout for the eventual champion to $ 6 million (from a $ 16.8 million prize pool). “These additions will give more players a chance to play in the best event of the year and play for an even bigger prize pool. Bigger is always better and the increase in prize pool and first place payout, along with the enormous prestige of the Super High Roller Bowl, will be welcomed by the players,” said McCormack.

Due to the success of the event – players flocked to the cage in 2016 to put their money down and, in 2017, 54 players put up the reserve for their buy in – both Poker Central and ARIA thought it would be a good idea to continue at this size moving forward. “Because of the overwhelming interest this year, ARIA’s intention moving forward will be to approach next year with a tentative field size of 56 players,” McCormack announced. “This will make for a better event and give ARIA more flexibility to make sure a wide range of players are involved in next year’s Super High Roller Bowl.”

The issue that most poker fans might have will be in how those six seats are going to be handled. ARIA, as the host casino for the tournament, had been allotted 15 of the 50 seats for their “high roller” guests (not necessarily professionals). The six seats added will also be dispersed by ARIA, giving them 21 of the 56 players at the table. This could be problematic due to the number of top professionals that have been excluded to this point.

As stated previously, 54 professional poker players had at the minimum laid down their reserve for a seat at the 2017 tournament, forcing ARIA and Poker Central into a decision. They could stick with their “first come, first served” format that usually is the norm for casino decisions, but the two entities instead chose a different path. Utilizing a “lottery” draw system, ARIA and Poker Central chose 35 random players to take part in the tournament, with the leftover 15 players (at that time) to be chosen by ARIA.

The drafted roster of 35 featured several notable top pros (including defending champion Rainer Kempe, inaugural champion Brian Rast and the only man who has cashed in both previous versions of the Super High Roller Bowl, Erik Seidel), there were some names that were left off the list. Although he hosted the lottery draft and has close ties with Poker Central, Daniel Negreanu was not one of the 35 players chosen in the lottery. Also left off the board were such players as the defending Player of the Year at the World Series of Poker Jason Mercier, the most recent champion of the $ 1 million buy-in WSOPBig One for One DropDan Colman and high roller regulars such as Dan Shak, Nick Petrangelo and Mike Watson. Phil Hellmuth and Phil Ivey were not a part of the field either, but neither had put their money down (among the 54 players) to be considered eligible for the lottery drawing.

The 2017 Super High Roller Bowl will be held between May 28-30 at ARIA in Las Vegas and we will probably see many of the names that, at this point, have been left off the list find their way to the baize. While the lottery idea might not have been the best one, kudos for Poker Central and ARIA to expand the field and make the tournament even more interesting for poker’s fandom.

Poker News Daily



usa poker svenska poker finland poker Deutsch poker spain poker italy poker france poker japan poker greece poker china poker brazil poker denemark poker netherlands poker india poker russia poker korea poker turkey poker
romanian poker bulgarian poker croatian poker czech poker israel   poker norway poker poland poker serbia poker slovakia poker slovenia poker