AVP Weekly - WSOP.com Launches for Play Money, U.S. Poker Bills to be Introduced, and More
Author Jennifer Newell's poker week in review for May 27-June 2.
Our consolidation of the week's news is quick and to the point — seven stories, to be exact — for the week ending June 2. Let's go.
No. 1 — Rep. King, Barton to Introduce U.S. Online Poker Bill
Reuters reported last week regarding rumors that Republican Representative Peter King will partner with Democratic Representative Joe Barton to introduce online poker bills to Congress. The bills will complement each other and allow online poker in the United States, but they will provide an option for states to remove themselves from the process and refuse to participate. Other states that already passed individual laws, like Nevada, New Jersey, and Delaware, could be allowed to proceed with their own online poker efforts, though they may have the option to partner and join the U.S. online-poker pool.
Numbers from the American Gaming Association put revenue at $10 billion to be earned by 2017 if federal law is passed, which will combat the $4 billion that is currently being spent fighting illegal sites.
No. 2 — WSOP.com Online Poker Available for Play-Money Only
Caesars Interactive released its online poker client for Nevada residents last week, although only play-money games are currently available. The WSOP.com site was opened for business on the first day of the 2013 World Series of Poker. The company plans to allow for real-money play this summer, but that launch depends on final testing and approval from Nevada regulators. Visitors to Nevada will be able to play when that happens, though there is still no set date in place.
On that first day, there was a glitch in the system that allowed two players using Mac products to download the real-money program, deposit funds, and begin to play. Those transactions were not completed, however, as the "technical glitch" was discovered immediately, and those playing the cash game were refunded their funds and notified of the error. The Mac client was then removed from the site for a time in order to correct the problem.
No. 3 — Nevada Issues Licenses, Continues Processes
The Nevada Gaming Commission recently awarded an interactive gaming license to GambleID LLC, an American technology company that will use its Class 2 service provider license to offer player identification and geo-location verification services to Nevada online poker companies. In addition, Australian-based Aristocrat Leisure Limited received its license as an interactive gaming systems manufacturer for Nevada online gaming.
Ultimate Gaming, parent company of Ultimate Poker, received its testing certification from Gaming Laboratories International LLC. This was one of many steps that allowed the company to move forward with online poker services, and it was then officially the first interactive gaming services provider in Nevada.
Meanwhile, Bwin.party announced its intent to continue pursuing a Nevada license for online poker despite comments from CEO Norbert Teufelberger to the contrary. He mentioned in an interview that the company had chosen not to operate in Nevada but to focus on New Jersey instead, but a gaming attorney representing Bwin.party says the company is moving forward with the Nevada licensing process and awaits approval from gaming regulators. Its application was filed more than one year ago as part of a partnership with MGM Resorts and Boyd Gaming.
No. 4 — Amaya, Treasure Island Plan Nevada Online Poker Launch
Amaya Gaming announced that it expects to launch its real-money online poker operation in Nevada in the third quarter of 2013. The Canadian company's CEO said that the process is moving forward, and Amaya is in the process of meeting the state's technical requirements. He is also hopeful that the market in Nevada will open to all forms of online casino gaming, but the focus is currently on launching Amaya's online-poker product.
Treasure Island, in partnership with 888 Holdings, has also made clear that it expects to launch its online poker site by the end of the summer 2013, reported Card Player. Real-money games should be available online within the coming months. Contrarily, South Point Poker did not comment to Card Player on a time it plans to parlay its free-play online poker site to real-money play, nor did Golden Nugget.
No. 5 — Online Poker Traffic Down in 2013
Flushdraw reported this week that an examination of PokerScout numbers show that the average number of players online at the 11 major online poker sites operating around the world shows a 16 percent decline over the past six months. The data showed that the biggest losses were at PokerStars and Full Tilt Poker, primarily due to the latter's rough reintroduction to the market and the former's games experiencing downswings in countries like Spain and France. PokerStars 19 percent decline since December 2012 is perhaps the most surprising.
Flushdraw speculates that expansion into new markets has become tougher, and other markets have become more restrictive with licensing and regulation. Any change in the greater United States market could change that and have a tremendous effect on the global online poker numbers.
No. 6 — Cashout Problems for PokerInVenice
Yet another online poker site is reporting ever-increasing cashout problems for players. The site offered players the option of internal balance transfers among several poker networks, but players have complained for several months that cashouts are taking months, if they are processed at all. Reports now put the amount of unprocessed cashouts at tens of thousands of dollars, according to Pokerfuse.
PokerInVenice operates as PivGame and is licensed by Malta's Lotteries and Gaming Authority. A statement was released from PokerInVenice that cashouts coming from the Cake Poker Network could take at least 75 business days to process.
No. 7 — Poker Boom Hits 10-Year Anniversary
The opening of the 2013 World Series of Poker in Las Vegas also brings up that this is the 10-year anniversary of the poker boom, when Chris Moneymaker went from a $39 PokerStars satellite to a $2.5 million WSOP main-event victory. The "Moneymaker Effect" started with that victory and its broadcast on ESPN, and as the number of online players grew through the years, so did the number of players in live tournaments. The boom was in full effect for many years, and some say it is still happening, despite some bumps in process, such as global economic woes and legal obstacles for online poker.