Hit and Run: Optimism Grows for Pennsylvania Online Gaming Regulation; Playtech Reaffirms Commitment to Poker
The outlook for online gaming regulation in Pennsylvania continues to look positive. Playtech maintains commitment to the iPoker Network despite diminishing numbers. Check these stories and more in the Friday Hit and Run.
Pennsylvania Rep Says State Could Regulate Online Gaming by May
More good signs for online gaming regulation in Pennsylvania. A leading advocation of legalizing the games is confident that the state will approve online gaming by May. Rep. George Dunbar has sponsored legislation in the last two years. “I still believe that by the end of May this will be done. I really believe that all things are in place right now. The ball solely rests in the Senate’s hands.”
Two new reports added to the momentum for regulation. In one report, the Innovation Group estimated that the state could bring in $413 million in revenue by 2019. Another report from OPR estimates a more modest $259 million in revenue. Either way, it appears that lawmakers are having an increasingly difficult challenge turning town the potential tax revenue, which the industry is more than willing to embrace.
– Traffic and revenue at iPoker is down drastically since 2009. Despite declines of over 75% during the last eight years, parent company Playtech maintains their commitment to the game, stating that the company “gains from the natural conversion of certain players to the poker product.”
– Fedor Holz is launching a new project in April. For now he’s keeping the adoring fans guessing.
A look behind the scenes of my new project. Launching it in April! pic.twitter.com/wCUKYrVlBK
— Fedor Holz (@CrownUpGuy) February 28, 2017
– Columbia has made a move to block 300 gaming websites that are currently serving Columbian customers. Among sites on the list are PokerStars, bwin and Bet365. After regulating online gaming in 2016, operators must now pay a licensing fee of $600m peso ($31 million dollars) and other requirements.
– Latest Grinderschool.com free training video is Part 2/3 in the “How to Master multi-table sit n gos” series. This training video focuses on late game, bubble play and ICM.