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Gaming Guru  Illinois looks to lottery to regulate online casino, poker16 May 2012
By Aaron Todd Illinois was the first state in the U.S. to sell lottery tickets online, and now, Illinois State Sen. John J. Cullerton is looking to make it the first state in the U.S. to offer regulated online poker and casino games. Cullerton submitted an amendment to HB4148 that would create a Division of Internet Gaming within the state's Department of the Lottery, and the lottery's online gambling site would be the state's lone operator. "In order to protect Illinois residents who wager on games of chance and skill through the Internet, and to capture revenues generated from Internet gaming, it is in the best interest of the State and its citizens to regulate this activity by authorizing and establishing a secure, responsible, fair, and legal system of Internet gaming," reads the amendment. "It is also in the best interest of the State to establish an Internet gaming platform … to ensure that Illinois is not precluded from reaping the benefits of Internet gaming as contemplated by proposed federal legislation pending before the United States Senate." The amendments to the bill would also authorize the Division of Internet Gaming to enter into multi-state agreements, much as state lotteries currently do for multi-state lottery jackpot games such as Powerball and Mega Millions, most likely for the purposes to building liquidity for games like poker and bingo. Games would only be available to people ages 21 and older that are physically located within the state's borders. It also calls for the creation of a self-exclusion list and requires an ongoing study to determine the impact of online gambling on the horse racing and riverboat casino industries. A hearing on the bill and its proposed amendments is expected next week.
Illinois looks to lottery to regulate online casino, poker
is republished from Online.CasinoCity.com.
WSOP prep: Tax implications of staking/profit-sharing agreements14 May 2012
The World Series of Poker is right around the corner, and thousands of poker players across the world will be making their annual pilgrimage to Las Vegas in pursuit of fortune, fame, and most importantly, a WSOP gold bracelet.
This year, for the first time, a player from the Casino City Home Game will ... (read more)
World Series of Poker expects record prize pool8 May 2012
World Series of Poker officials expect this summer's Series to award a record prize pool of over $200 million to thousands of players.
A good chunk of that prize pool will come as a result of just two events: the $10,000 Main Event, which drew 6,865 players for a prize pool of $64.5 million in 2011, and ... (read more)
Top-10 things poker players can learn from runners7 May 2012
Over the weekend I ran my second half-marathon, covering the distance in 1:42:54. The race got me thinking about my other hobby – poker – and how the two pursuits share a lot in common.
Here are the top-10 things that running has taught me about poker.
10. Training
The only way to get better at something is to do it. ... (read more)
Top-10 ways to send a player from your home game to the WSOPEvery poker player dreams of winning the World Series of Poker Main Event. The multi-million-dollar prize, and the fame that comes with the title "World Champion," would certainly change your life. Of course, the $10,000 entry fee is a pretty high bar for a lot of us, especially low-stakes home game p... (read more)Top-10 gambling scenes from non-gambling moviesThe recent release of All-in: The Poker Movie had the Casino City editorial staff talking about the pantheon of great gambling movies last week. While the top gambling movies have been discussed ad nauseam, there are a bunch of great movies that aren't about gambling that have amazing gambling scenes. ... (read more)Top-10 gambling fantasiesLast week, lottery fever hit the United States hard. The $640 million Mega Millions jackpot was the largest in U.S. history, and three winners will be splitting a life-changing amount of money. Millions of Americans bought tickets. Some pooled funds to get a larger number of tickets. Others put in just a... (read more)Top-10 things to look forward to at RevelAtlantic City is getting ready to celebrate is first new casino opening in since The Borgata Hotel Casino and Spa opened in 2003. Revel Casino Resort, which suffered from construction delays due to the rec... (read more)Top-10 innovations that changed casino gamblingI started writing about the gambling industry in 2006, and over the last six years, there have been a number of developments that have revolutionized the industry, changing the way gamblers bet and the way games are played. But many of the industry's biggest changes and innovations came before I started writing about the industry. ... (read more) |
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