A recent report from the UK says that regulation is helping curb unregulated activity. Meanwhile at PokerStars, the number one site is adding a 2-day tournament to their lineup. You can read about these stories and more in today’s Hit and Run.
UK Regulation Cuts Down on Unregulated Activity
The United Kingdom, which recently regulated online gambling, has seen a reduction in activity in unregulated gaming activity since they instituted their new regulatory scheme. A report released by the UK Gambling Commission for 2014-2015 stated, “As far as unlicensed activity is concerned, we have found no evidence of the threatened move underground or emergence on any scale of illegal websites targeting Britain.”
The report also noted that some operators halted operations once being notified while others had been cut off by payment processors and advertisers. The United Kingdow now believes that it regulates almost 100% of “domestic remote market instead of less than 15%.”
The success hasn’t been duplicated in other larger regulated markets such as France and Italy. US Poker says the difference may come down to weight of regulation, which notes that the UK has a more modest 15% tax rate and has less stringent regulatory burdens than some other regulated European markets.
PokerStars Adds 2-Day Weekender Event
This Saturday, PokerStars will debut the Weekender, a new 2-day multi-table tournament with a $530 buy-in and a $100,000 guaranteed prize pool. The tournament will be held every Saturday and Sunday beginning at 16:30 Central European Time.
Play halts on Day 1 after 25 levels and resumes on Sunday at the same time. The new tournament comes as the result of player feedback, which requested a tournament that doesn’t take as much of their weekend time. Day 1 is expected to take around six hours and won’t go into the early hours of the morning.
– SpinWiz should be banned, says Haley Hintaz of Flashdraw.net. When using SpinWiz, users are able to target players waiting at the Spin and Go tables who have been identified as fish by users of SpinWiz.
– New Jersey online gaming generated more revenue in the second quarter of 2015 than any other since its launch in November of 2013. Boosted by extraordinary casino revenue numbers, the New Jersey market is on pace for $145 million in revenue in 2015, 17% larger than last year. And there are many reasons for optimism that suggest that New Jersey online gambling could keep growing.
– In an interview with National Public Radio, the Chairman of Caesars, Gary Loveman said that major sports leagues will be the catalyst for online gambling expansion at the federal level with most states participating. Loveman said that when this happens that online poker will reap the benefits as well “because it has an awful lot of similarities to fantasy sports.”
– After the Republican candidate debate last week, anti-online poker advocate Lindsay Graham saw his odds of winning the Republican nomination go down from 50:1 to 250:1 after the debate, according to South Point Casino.