Figures Up, But Game Off
Hilton chief David Michels was in top form when presenting the group’s [which includes Ladbrokes] results last month.
Michels normally insists on delivering his profit numbers at the crack of dawn on a Thursday, after a late-night poker session with friends. But this time around, his weekly poker game was cancelled for the first time in 17 years!
His announcement included news that Ladbrokespoker.com now has more than 64,000 active players, representing an increase of 156 percent over the previous year.
Still Growing
Recent estimates from the Vancouver-based outfit Pokerpulse indicate more than $190 million is bet in online poker games every day, up from $11 million two years ago. During that period, the number of active players has grown from about 83,000 to nearly 1.9 million.
Meanwhile, figures compiled by investment bank DKW show online gambling is worth $9.2 billion (£4.8 billion) a year. In 2004, gamblers worldwide, online and off, lost $237 billion. It is estimated that the amount that Britons are gambling over the Internet has increased more than sixfold in the past year.
Software Profits, Logically
Internet gambling software group Cryptologic, whose customers include William Hill and the Ritz Casino Club, has reported a 44 percent surge in revenues over 2004.
Income for the year was $63.7 million, with pretax profits up 55 percent to $16.5 million. Cryptologic plans to invest in poker technology after a 165 percent increase in fees generated from poker, which accounted for 20 percent of its revenues in the last quarter of 2004.
NET Profit
In another sign of interest in the industry, NETELLER, an online money-transfer service that derives 80 percent of its business from facilitating payments for gaming and betting sites, has seen its share price triple since it listed in London in April.
North Dakota the First U.S. State to Allow Internet Gaming?
Two pieces of legislation that would allow companies to set up Internet poker (and gaming) sites in the American state of North Dakota have been tabled.
House Bill 1509, which passed with a vote of 49-43, sets up the guidelines for the sites, while House Concurrent Resolution 3035, which has been heard in committee, allows people to vote to change the state constitution to allow Internet poker sites. More about situs poker online terpercaya
Should both pieces of legislation pass, companies would be regulated and taxed by the state. It could result in millions of dollars in income and make North Dakota the Las Vegas of cyberspace gaming.
However, many believe the federal government would strike down the law, but not Patrick O’Brien, an attorney who represents clients in the Internet poker and gaming industry. He doubts the federal government could stop North Dakota from allowing the sites.
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