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.
Hearings in California and Congress
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.