PokerStars is sending 300 online qualifiers to EPT Grand Final. Congressional hearing on DFS and online gambling. New Jersey sets online revenue record… again. And more.
A DFS hearing is tentatively scheduled for May 11 per LegalSportsReport.com. LSR is also reporting that the hearing could tackle other topics, including sports betting and online gambling. This would be a very important and key development on the federal level, where the only hearings in recent years on the topic of online gambling have been RAWA-related.
Speaking of potential hearings, there are also rumors that the California Governmental Organization Committee will tackle the topic of online poker in a hearing on April 20. If it takes place, we should have a much better understanding of where California stands on the ever-evolving issues of horseracing (which has been offered a controversial $60 million yearly subsidy) and PokerStars (whose former CEO [David Baazov has taken a voluntary leave of absence] has been charged with insider trading).
- Alex Weldon provided a little food for thought in his latest PTP column, as he looks at the many, and varied dynamics that would come into play should anyone consider Daniel Negreanu’s $1m for $10m coin flip proposition that asks if you’d take the bet if it meant losing your entire net worth?
- Another month and another record for the New Jersey online gaming industry, as the industry tallied $15 million during the month of the March. You can find more details in our deeper dive into the revenue numbers.
- Gamesys, one of the leading online casino companies in the industry, has launched a lottery style Sit & Go poker game, marking the company’s first foray into the world of online poker.
- Thanks in large part to the Spin & Go satellites PokerStars has been running, over 300 online qualifiers will be participating in the upcoming EPT Grand Final Main Event. With so many amateur players we may see a boatload of sharks show up too.
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