\nBy HOWARD STUTZ
\n\tLAS VEGAS REVIEW-JOURNAL
\n\tState gaming regulators tentatively approved a planned interactive gaming system that could house online poker websites for multiple casinos, potentially increasing the player pool in Nevada.<\/p>\n
\tRegulators said the technology, which is operated by Gibraltar-based 888 Holdings, could be the model for the planned system that would run the shared online gaming network between Nevada and Delaware.<\/p>\n
\tUnder the plan proposed Wednesday morning to the Gaming Control Board, 888 Holdings will develop an inter-operator poker network that will include Caesars Interactive Entertainment\u2019s WSOP.com and the planned online poker room from Treasure Island. A separate 888 poker room \u2014 connected to Treasure Island \u2014 would be the third site on the platform.<\/p>\n
\tAttorneys Mark Clayton of Las Vegas and Yehoshua Gurtler of Israel, representing 888, said players would be able to log into the system through either WSOP.com or Treasure Island, which could increase the number of players in a single Internet poker room at any given time.<\/p>\n
\t\u201cFor Nevada, a network provides more gaming taxes due to greater product attractiveness and player participation,\u201d Gurtler said.<\/p>\n
\tClayton said after the hearing that multiple casinos both large and small could join the network, potentially creating more common online poker tables.<\/p>\n
\tThrough technology, revenue from the games are distributed to each casino on the platform based on a registered player joining a game.<\/p>\n
\tGurtler said the network allows for casinos to gain a higher return on their marketing efforts and offer wider range of poker products.<\/p>\n
\tThe concept for the system was approved when gaming regulators signed off on Nevada\u2019s interactive gaming regulations.<\/p>\n
\tWSOP.com launched last fall. Treasure Island has been approved for interactive gaming by Nevada regulators, but the casino\u2019s actual online poker room still needs to be approved before the presence can launch on the platform.<\/p>\n
\tIn February, Gov. Brian Sandoval and Delaware Gov. Jack Markell signed the nation\u2019s first multistate Internet gaming agreement, which will allow players in both states to play online poker against each other over a shared platform. 888 Holdings is expected to create the platform.<\/p>\n
\t\u201cEveryone here has been working hard to make the agreement with Delaware a reality,\u201d Control Board Chairman A.G. Burnett said after the panel voted unanimously in favor of the 888-Caesars-Treasure Island proposal.<\/p>\n
\tThe Nevada Gaming Commission will rule on the matter on July 24.<\/p>\n
\tOnline poker has not been a revenue windfall in Nevada since the first website launched in April 2013.<\/p>\n
\tIn May, Nevada\u2019s three online poker websites \u2014 WSOP.com, Station Casinos\u2019 Ultimate Poker and the South Point\u2019s Real Gaming \u2014 combined for $862,000 in gaming revenue, an 8.8 percent increase over April\u2019s total.<\/p>\n
\tApril\u2019s figure of $782,000 was a decline of 14.5 percent over March.<\/p>\n
\tFor the first 12 months, Nevada\u2019s online poker revenue has averaged roughly $921,000 per month.<\/p>\n
\tIn a report to investors last month, Eilers Research gaming analyst Adam Krejcik said online gaming numbers from Nevada, Delaware and New Jersey haven\u2019t matched up with the lofty projections many observers have predicted.<\/p>\n
\t\u201cMany will argue that we are only in the early innings of regulated online poker in the U.S. and problems surrounding payment processing and geolocation have negatively impacted results,\u201d Krejcik said.<\/p>\n
\t\u201cLooking forward, we believe states considering adopting real-money online poker should have cautious expectations and believe it\u2019s important to not lose sight of the bigger issue, which is to grow overall gaming revenues,\u201d he said.<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
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