Historically, the advent of spring ushers in a marked decline in the amount of global online poker traffic. 2014 has proven no different. Nevadas newly-minted online poker industry, now approaching its one-year anniversary in the regulated iGaming space, failed to escape the seasonal downtrend, exhibiting nominal losses in both cash-game and tournament traffic. However, with the World Series of Poker and a shared liquidity agreement with Delaware on the horizon, Nevada appears well-positioned to reverse its woeful fortunes. But as we all know, appearances can be deceiving. We examine the latest traffic trends in the Silver States regulated gaming market, and offer our own insight into the future of the industry, in this, our first installment of Nevada Traffic Report. Cash-game volume dips across the board After recovering from a five month low point in late-March, WSOP.com recovered briefly, only to lose steam once again. Ultimate Poker suffered a similar fate. Cash-game 7-day averages for Nevadas three regulated poker sites, as of April 14th, listed below: · WSOP.com: 94 · Ultimate Poker: 65 · Real Gaming: 0 Compared to April 1st, traffic on WSOP,.com is down nearly 8 percent, but still slightly improved over its March 23rd low point of 89. Ultimate continues its seemingly endless downward spiral, dipping down to its lowest levels since first launching late last April. And according to PokerFuse Pro via PokerScout, Real Gaming has failed to record any traffic. This is largely due to the sites utter dearth of marketing, but can also be partially attributed to Nevadas small population, which is hardly large enough to sustain three online poker sites, let alone the upwards of six the Silver State may boast by years end. When compared to trends in the global iPoker marketplace, Nevadas performance ranks well below average. Globally, cash-game traffic held steady from the period of April 1st April 14th, whereas traffic in Nevada dipped 6.4 percent. Majors boast deflated numbers This weeks Majors also exhibited noticeable decreases across the board, with the weeks biggest Major, WSOPs $15k Guarantee only drawing 93 runners. While the $15k still crushed its guarantee by $3,600, week-over-week turnouts were down 15.5 percent. WSOP would also give away one seat to the Main Event last week, awarded to a player that goes by the moniker Don_Key. Only 34 players entered the $200 + $15 qualifier, amounting to a $3,200 overlay. Ultimate Pokers $10,000 Sunday drew approximately the same amount of runners (90) that it did last week. But that still wasnt enough for the site to turn a profit, as even including tournament fees the site was forced to pony up $1,000 out-of-pocket. The last time UPs major drew more than a 100 runners was on March 31st. Is help on the way? Due to a shared liquidity agreement with Delaware, cash-game volume on Nevada-housed sites should receive a modest boost come late-summer. I say modest because Delaware boasts a paltry population of less than one million, and thus far, traffic on its regulated poker sites has been close to non-existent. Then again, its very possible that more patrons from Delaware will take notice of online poker once a larger player pool is available. The upcoming WSOP should also help to bolster online poker traffic, as swarms of professional and recreational poker players will mob the Rio for a six week period beginning in late May. Still, with so much activity taking place at Las Vegas b&m casinos, its hard to fathom many players wanting to go to their rooms to play online, especially with so many juicy live cash games running. Arguably, Nevadas best shot to stay/become relevant would be to forge an interstate compact with New Jersey. Due to a variety of factors, not the least of which is falling traffic numbers, New Jersey suddenly appears willing and able to share liquidity the Silver State and Delaware by the end of 2014. Should this happen, more states might be compelled to join in the mix, thereby creating additional interstate liquidity sharing opportunities in Nevada. But make no mistake; Nevada faces a long uphill climb.
The big news in Nevada online poker this week has sprouted from of all places a rumor, but its a big enough deal that it has commandeered a lot of the headlines, and it commandeered a few of the stories in this weeks Nevada Online Poker Review. So what is the rumor? Youll find out as your reading this weeks column of course! In addition to the rumors well also talk about an interesting column that appeared on the Center for Public Integrity website; the upcoming one year anniversary of online poker n Nevada; some more anti-online gambling rhetoric from a Las Vegas Sands executive; and the latest tournament and traffic trends in the state. Center for Public Integrity takes on iGaming The Center for Public Integrity unveiled an incredibly in-depth look at the current fight for online gambling, taking an unbiased look at both sides in the fight, including where their funding comes from and how they are spending their lobbying money. Anyone who follows iGaming should read this article and take careful note of its contents. Perhaps one of the more interesting slants of the story is the continued funding of the Poker Players Alliance (PPA) by the Rational Group, the parent company of PokerStars, as well as Rationals individual lobbying efforts at the state and federal level, something I was unaware of. Another piece of the puzzle that few people have a strong handle on is the role Joe Brennan Jrs iMEGA played in the legislation that was eventually passed in New Jersey. Anniversary of Nevada online poker approaching In just two weeks time the Nevada online poker industry will celebrate its one year anniversary. How has the first year gone for Nevada online poker rooms? The industry hasnt been what I would call a success, but its far from being a failure. So far online poker in Nevada has been the very definition of mediocre in my opinion. The market peaked relatively quickly, but has failed to continue to mature as most people had hoped; actually the current market, with three poker rooms, is smaller than when Ultimate Poker was the sole proprietor. The good news is, we have an impending interstate online poker agreement between Nevada and Delaware that is expected to launch this summer, and now rumors are swirling that New Jersey may be thinking about joining the Delaware/Nevada partnership. All things considered, Nevada has performed admirably considering they were hamstrung by being first state with legalized online poker (the guinea pig) and considering the sparse population they had to work with the expectations were never all that high to begin with. Sands COO says iGaming all about taxes for Feds Recently, Las Vegas Sands President and COO Michael Leven called the current efforts to legalize online gambling in the US a cash grab, saying the federal government was simply looking for something else to tax, and said of the entire conversation, Its all about finding more money, according to the Las Vegas Review-Journal. Leven made the remarks at the Nevada Republican Partys VIP Breakfast at South point which ironically is one of three online poker providers in Nevada, with their Real Gaming product. Weekly Guaranteed Tournaments in Nevada WSOP.com Sunday $15K Guaranteed This weeks running of the $15k guaranteed at WSOP.com attracted 93 players. With a buy-in of $215 ($200+$15) the prize-pool easily eclipsed the guarantee, topping out at $18,600. Here is a look at the final table payouts:
kingpin1 $502.20 WSOP Main Event Satellite Just a week after meeting its guarantee for the first time, the $215 buy-in WSOP Main Event qualifier handed out one of its biggest overlays. Only 34 players registered for the tournament, which meant an overlay of $3,200 for the registered players. The winner of the tournament was a player with a terrific screen-name, Don_Key who will now find him or herself in the World Series of Poker Main Event with a chance at the $10 million first-place prize.
Don_Key Seat to the 2014 WSOP Main Event The $10K Guarantee tournament at Ultimate Poker Ultimate Poker wasnt as fortunate as WSOP.com as they handed out an $1,810 overlay after just 90 players registered for their $10k Guarantee, featuring a buy-in of $100 ($91+$9). Here is a look at the final table payouts:
swordfish515 $300 Traffic trends in Nevada After some gains the Nevada online poker market has suffered a significant setback, as traffic numbers dipped roughly 13% this past week according to www.pokerscout.coms data. WSOP.com saw average traffic drop from an average of 110 cash-game players to just 95, while Ultimate Poker suffered a similar decline, dropping from an average of 75 cash-game players to just 65 this week. What about South Points Real Gaming online poker site? The site is still struggling to gain any type of foothold in the market, and its tables remain virtually empty most of the day. Of course, there is still hope that the World Series of Poker, which kicks-off next month, will see a surge in players, and that the upcoming pooling of players with Delaware will also help out on the traffic front with the above mentioned potential for a partnership with New Jersey that has been discussed being a Holy Grail of sorts. The word on the street New Jersey may finally be interested in joining forces Youve already seen several mentions of this in this column, but just to emphasize how big a deal this would actually be, if this comes about average cash-game traffic would suddenly start approaching four-figures from all of the licensed sites combined. Basically, the only unlicensed online poker site that could compete would be Bovada.
The iGaming community is currently focused on California, where the State Assembly hosted an online poker hearing that featured several key individuals from the online poker industry in Nevada, including former NGCB Chairman Mark Lipparelli. But while California discusses the potential for online poker expansion Nevada continues to live it, dealing with all the ups and downs that go along with it. In this installment of the Nevada Online Poker Week in Review well look at the good and the bad going on in Nevada, and the contentious and the uncontroversial. Well kick things off with the ongoing mini-controversy regarding WSOP.coms customer service department (which is actually 888s customer service department) and why it speaks to a larger issue in the US iGaming industry, followed by Las Vegas Sands Andy Abbouds name surfacing as one of the people who spoke at Californias online poker hearing. So keep reading for the specifics on these stories and a whole lot more below. The WSOP.com customer service kerfuffle This weekend we brought you one of the most interesting stories weve seen in the one-year existence of Nevadas online poker industry, as the first forum-based controversy involving a licensed, regulated online poker room got a little bit of attention. There isnt much to the story itself (click the link above to see why), but it does demonstrate one of the issues the licensed online poker rooms still havent been able to solve, transparency. For whatever reason the licensed sites in the US have decided to continue the long tradition in the industry of being very opaque when it comes to their corporate structure and who and how things will be handled. In this example it was the customer support department, and because of a lack of transparency the entire community was under the assumption that WSOP.com was in charge of their own customer service, which isnt the case, 888 handles the customer service. These things arent a big deal in and of themselves, but they do make things unnecessarily harder for the sites when things do go wrong, and then when they do have to explain what is going on, they wind up with conspiracy theorists thinking they are then making excuses up out of whole cloth to cover their butts. Andy Abboud goes west Wednesdays California hearing on online poker wrapped up with Sheldon Adelsons henchman Andy Abboud. Check out the 24 Things I Learned at the California Online Poker Hearing here. Weekly Guaranteed Tournaments in Nevada WSOP.com Sunday $15K Guaranteed This weeks running of the $15k guaranteed at WSOP.com pulled in 86 players, down seven entries week-over-week but still more than enough to eclipse the guarantee, as the final prize-pool tally topped off at $17,200. Here is a look at the final table payouts:
aggie69 $464.40 WSOP Main Event Satellite Once again the WSOP Main Event qualifier featured a substantial overlay, as just 35 players registered for this weekends $215 ($200+$15) tournament, leaving WSOP.com on the hook for the remaining $3,000 of the $10,000 seat.
DiaperChanger Seat to the 2014 WSOP Main Event The $10K Guarantee tournament at Ultimate Poker Apparently the seven players missing from WSOP.coms $15k guaranteed went over to Ultimate Poker this weekend (with one of them bringing a friend) as UPs $10k guarantee saw attendance jump eight players. UPs weekly tournament features a $100 buy-in ($91+$9) so even with the increased number of entries UP still had to cough up over $1,000 in overlays. Here is a look at the final table payouts:
VegasPlayer $300 Traffic trends in Nevada It was bad week for Nevada online poker traffic as WSOP.com stayed below 100 average cash-game players and Ultimate Poker saw their average cash-gamed traffic dip to just 60 players according to www.pokerscout.coms data. Traffic was already trending down, (last weeks numbers were 95 for WSOP.com and 65 for Ultimate Poker) but previous downward trends had been followed by a solid spike in traffic, a spike that did not occur this week. The word on the street Antonio Esfandiari begging for money at airport What happens when you forget your wallet and are stuck in an airport with no money? You go hungry until you can crack open some pretzels on the plane. But if your name is Antonio Esfandiari you can beg and plead until someone hands you $30. William Hill makes the case for election betting William Hill is making their case that betting on elections isnt all that bad, and what better place to make that case than in Las Vegas! For those of you that dont know, sites like InTrade are illegal in the US, so this would be a pretty big deal.
Its been a tumultuous year for Nevadas infant regulated poker industry, marked by precipitous highs, volatile trends and uncertainty. Since peaking just weeks before online poker went live in New Jersey last November, Nevadas iGaming scene has suffered the ill-effects of a five month long slump; one which saw cash-game volume plummet to its lowest levels since before WSOP.com became the states second regulated poker site. To make matters worse, as of the time of this writing, the downtrend continues. Yet, proponents of regulated poker remain optimistic that Nevadas gaming operators will right the ship, or at least stabilize it before it sinks. And while no one can predict with full confidence where Nevada will stand after another year in the regulated market, we can certainly make assumptions regarding its future. Lets do just that. In the near-term, WSOP.com will become the only heavily trafficked poker site in Nevada Since overtaking Ultimate Poker as the market leader in early November, WSOP.com has never looked back. WSOP currently controls 60 percent of the markets cash-game traffic and boasts larger tournament turnout numbers than its sole competitor. Going further, WSOP.com has also established itself as the second largest network, and arguably the most heavily trafficked single site, in New Jersey. That bodes well for WSOP should New Jersey eventually enter into a compact with the Silver State. Moving into the realms of pure speculation now: Should Pennsylvania legalize online poker, its likely that WSOP.com will represent Harrahs Philadelphia. Suddenly, the possibility of WSOP sharing liquidity across three states becomes a distinct possibility. Already, WSOPs vastly superior poker software and identifiable brand has elevated it beyond Ultimate Poker. Factor in the merits of an increased player pool, and it inevitably becomes a far more attractive option to Nevada grinders. 888 may pose a threat to the very site it services That being said, there is one potential complication. 888 Holdings, which provides the poker platform for WSOP.com in New Jersey and Nevada, operates its own branded site on a separate network the New Jersey only All American Poker Network. The company also hosts Delawares three online poker rooms, all of which fall under the 888 brand. Confused yet? Dont worry, Im getting to the point. Due to the distinction between 888 and WSOP.com, it is presumed that 888 will be tasked with launching its own branded poker room in Nevada before it can share player liquidity with Delaware. As a result, WSOP.com would be left out of the U.S. regulated pokers first interstate compact. Furthermore, with an established presence in Nevada 888 would be in the same enviable position as WSOP.com regarding the possibility of a shared liquidity compact with New Jersey. And thus, the same competition that currently exists among the two in the Garden State would extend into the Silver State. It is possible however, that 888 and WSOP.com will consolidate into one network. From a business perspective this probably makes the most sense. Nevada will enter into a shared liquidity agreement with New Jersey by years end In February, a deal was signed that effectively allows Delaware and Nevada to share online poker liquidity. Expected to go into effect sometime in late-2014, the deal marks an unprecedented victory for regulated online poker. As an additional caveat, the deal also lays the framework for other states to join in. At the present time, the only other state boasting a regulated iPoker scene is New Jersey. However, up until recently New Jersey officials have reneged from commenting on the likelihood of the Garden State entering the mix. It was largely believed that New Jerseys substantial population, relative to the combined populace of Delaware and Nevada, was the driving factor behind NJs apathy. But with cash-game numbers spiraling downward in New Jersey, it appears that the states reps are beginning to have a change of heart, made evident by a recent statement by DGE consultant Mario Galea to CalvinAyre.com. During the interview, Galea specified that New Jerseys systems were poised to share data among states, emphasizing that the groundwork for an interstate compact has been established in NJ. He also proclaimed that NJ will likely enter into a multiple state compact by the end of 2014. While its exceedingly unlikely that New Jersey players will be anteing up against Silver Staters in 2014, New Jerseys only real shot of keeping up with Californias soon-to-be regulated iPoker market is to make a move and fast. A compact with Nevada and Delaware seems like a logical first step. Nevada will buck the seasonal trend Generally speaking, online poker volume dips throughout the spring, reaching its low point around June, before steadily climbing throughout the summer and fall months. However, there are several indicators that Nevada will not suffer the same seasonal fate as its industry counterparts. First and foremost, online poker thrived in Nevada last June. However, this could easily be attributed to the unpredictable nature of infant markets. Still, cash-game traffic in Nevada did not enjoy the same heights reached late last June until early October, when there was an additional online poker room in operation. Its possible that this same pattern repeats itself in 2014. Secondly, the presence of the worlds largest tournament series the WSOP will significantly bolster the number of poker players in town, some of whom will be itching to play online during their downtime. Keep in mind that the primary reason why online poker falters in the spring is due to the warmer weather. But summers in Nevada are notoriously oppressive, so much so, that on some days players will rather remain indoors than combat the heat. And finally, tourism in general is higher in Nevada during the summer months. While I cant necessarily see Joe Average firing up WSOP.com while on vacation with his kids, stranger things have happened. On a side note, if Delaware and Nevada enact their compact sometime earlier than expected, it should provide Nevada with a modest traffic boost. Unlikely to happen, but possible. Gaming operators new to Nevada will not be profitable Nevada is far too small to realistically sustain more than one, or at most two, profitable online poker sites. This may change as players from Nevada gain access to out-of-state players, but for now new operators likely dont stand a chance. One neednt look much further than to Real Gamings failed attempt to enter Nevadas iPoker market as a firm illustration of this point. And if youre saying to yourself, Real Who? well exactly. Heres hoping for a prosperous Year Two for regulated gambling in Nevada.
California and New Jersey may get the bulk of the attention, but we cant lose sight of the fact that Nevada was the first market in the US with online poker, and offers us the best glimpse of the industrys capabilities thanks to its near-year-long track record; capabilities that seem very positive when you consider in its 11th month of operation Nevada online poker revenue grew by 12% from February to March. In this weeks installment of the Nevada Online Poker Review well take a look at the recently revealed revenue numbers from March and what they might mean, as well as Sheldon Adelsons picking up a few new opponents in the fight over online gambling law in the US. So keep reading for the specifics on these stories and a whole lot more below. Nevadas March revenue numbers The doldrums generally associated with the month of March did not make an appearance in Las Vegas (March in Las Vegas is actually a terrific time to visit the city weather-wise by the way) as casino revenue was up an impressive 7.6% statewide and nearly 11% on the Las Vegas Strip. Another sector that saw a nice increase was online poker, which was up over 12% on February, and even accounting for the shortened month, daily win also grew month-over-month. The gains are good news for Nevada, but also for online poker in general, as the industry has started to stagnate in recent months. The fact that Nevadas online poker market was able to experience a 12% growth after nearly a year demonstrates that these early online markets are far from mature, even if traffic numbers have stagnated. Nevada is still hoping for a small shot in the arm when their partnership with Delaware kicks in (ostensibly in a few months) and perhaps an even bigger and more significant partnership with New Jersey is in the cards for down the road. Adelson besieged by conservative groups Sheldon Adelson is seen by many as a bastion of conservative principles but as he is learning his views on online gambling (Adelson is seeking a federal ban on all online gambling) do not necessarily jive with the states rights and personal freedoms arms of the party. Adelson was rebuked this week by a coalition of 10 conservative / libertarian groups including Freedom Works and CIE, who sent a letter to the House Judiciary Committee in opposition to the legislation introduced by Representative Jason Chaffetz (R-UT), legislation which bears the not-so-subtle fingerprints of Adelson and his Coalition to Stop Internet Gambling group. One person who undersigned the bill was Michelle Minton. Minton is a longtime proponent of legalizing online gambling and followed up the letter sent to Congress with her own editorial on the topic which appeared on OpenMarket.org. Weekly Guaranteed Tournaments in Nevada WSOP.com Sunday $15K Guaranteed A slight uptick in attendance this week as 94 players registered for the $15K guaranteed at WSOP.com. As always the tournament had little trouble eclipsing its guarantee, with the final tally hitting $18,800. Interestingly, this was the first week in quite some time that attendance numbers in the big Sunday tournaments increased at both Ultimate Poker and WSOP.com. Here is a look at the final table payouts:
imr2d2 $507.60 WSOP Main Event Satellite Players in this past weekends WSOP Main Event satellite received yet another significant overlay as just 37 players registered for the $215 buy-in tournament, producing an overlay of $2,600. Thus far only one installment of this tournament has met its guarantee.
zOMGBobChow Seat to the 2014 WSOP Main Event The $10K Guarantee tournament at Ultimate Poker After struggling to break the 100 player mark for several weeks Ultimate Poker managed a field of 107 players, just short of their $10,000 guarantee, as the tournament offered up a $263 overlay. Im not sure who Butters is in Nevada, but this player is an absolute beast, and probably the most regular final table participant in the states online poker market. Here is a look at the final table payouts:
VegasPlayer $300 Traffic trends in Nevada Nevadas online poker traffic numbers seemed to have settled into a new holding pattern with an average of 150 cash game players between WSOP.com and Ultimate Poker according to www.pokerscout.coms data. As noted above, tournament traffic seems to have picked up a bit, and with the influx of players during the World Series of Poker and the upcoming pooling of Nevada and Delaware players tournament traffic and cash gamed traffic should see a nice bump. The word on the street Regulated vs. Unregulated Have you ever wondered what it is that is drawing online poker players to illegal, offshore sites? Well, John Mehaffey of USPoker.com can answer that question. The veteran poker journalist tackled that question in his latest column and its a must read for all online poker providers, explaining where they are making missteps and what they can do to help attract these reluctant players. My solution is simple: Copycat Tactics Havent Paid Off for US Poker Rooms
On Wednesday Ultimate Poker celebrated its First Anniversary. UP became the first licensed online poker room in the United States on April 30, 2013 and has now reached the historic one-year mark. While it seems like only yesterday the 2+2 forum exploded with the news that Ultimate Poker had gone live for real money play, it has in fact been a full year since online poker arrived in the United States (on a limited basis anyway) and its been quite the year, filled with ups and downs for the nascent industry. Here is a look at what I consider to be the most important things online poker players and the online poker industry have learned over the past 12 months. Regulated poker rooms are not just unregulated rooms repackaged I think a lot of people expected licensed online poker sites to simply pick up where the unlicensed sites left off, and this simply was not the case. You can see why people were of this mind, after all, companies like 888 and Party Poker are well known commodities in the iGaming world and have been providing a solid product for years. But a funny thing happened on the way to the NGCB for their licenses; regulators imposed some strict thresholds that needed to be crossed (some for the first time ever) including all manner of testing. Add to this the geolocation, payment processing and registration hurdles that needed to be cleared and what we got looked more like the birth of online poker back in the late 1990s and less like the crisp clean graphics and seamless game play we had grown accustomed to by 2011. Basically, its going to take some time for the sites to iron everything out, but eventually I feel we will be back to complaining about insignificant things like tournament structures, and not about mid-game disconnects, by the time online poker turns 2 in the US. Poker players follow the money As much as the poker community has whined and cried for legal online poker over the years a huge swathe of players still frequent black market sites now that they have it. I understand they think they are getting better value and the illegal sites have more and better games, but its just delaying the time it takes for the legal rooms to overtake them so the poker community is putting short-term gains in front of long-term gains. Dont launch if youre not ready Online poker is a hyper-competitive market and what weve seen so far is that inferior products are getting absolutely stiff-armed by players. In Nevada, Ultimate Poker, despite a six-month head start, a lot of advertising, and an excellent team and staff has watched WSOP.com slowly suffocate them to use a UFC analogy, they are stuck in a triangle choke and it seems like its only a matter of time before they either do something big to get out of it or have to tap out. The situation is even worse in New Jersey where UP didnt get a head start and had to compete right out of the chute. In New Jersey the company has been unable to generate any type of loyal customer base and is turning into a nonfactor in the market. If Ultimate Poker is stuck in a triangle choke than South Points Real Gaming in Nevada and Betfairs poker product in New Jersey have had their arm snapped and been asphyxiated, as neither site is even registering on the online poker radar. To me the message seems crystal clear: Dont launch your product unless youre ready, as youll probably do irreparable harm. The future is yet to be determined Were just now getting a grasp on the amount of money sites are spending marketing (which equates to millions of dollars being pumped into the local economies) and the number of real jobs being created by the online poker industry both in-house and in ancillary industries like yours truly. What this tells me is the entire industry is still surrounded by an opaque cloud that is preventing even the best prognosticators from understanding precisely what will happen. On top of this we are also facing down a potential federal ban (unlikely) and more and more states exploring iGaming expansion. We have the pending interstate agreement between Delaware and Nevada set to launch this summer, with New Jersey now being floated as a potential partner as well. So when someone tells you, xyz is going to happen and anyone who doesnt think so is daft just remember that nobody has been able to predict this burgeoning industry so far. Looking ahead to Year 2 Think of the US online poker industry like an episode of Restaurant Impossible. The place was a dump, one employee was stealing, and the owner was too stubborn to listen to anyone. The place needed to be gutted and thats exactly what licensed online poker has done. Regulated online poker is our Chef Robert Irvine. Year 1 (like Day 1 of Restaurant Impossible) was certainly a struggle, but it feels like the heavy lifting is now done. The place has been cleaned and remodeled, the owner has seen the light, and the thieving employee is gone. All thats left is to clean it up a bit and reopen the doors. Sure, there will still be hiccups as people are retrained, and the owner may revert back to old habits every now and then, but the foundation is in place to build on.
Nevada is fast approaching its one-year anniversary of legalized online poker, but that doesnt mean everything has fallen into place without issue, or that the industry is now on secure footing. Setting aside the operational and technical issues the online poker industry has faced, there is also the ever-present storm cloud of Sheldon Adelson hanging over the industry, although a number of chinks in the armor are starting to appear that are making Adelsons anti-online gambling crusade look more like the last stand of the 300 than Operation Overlord. In this weeks installment of the Nevada Online Poker Review well take a look at a bit of defiance from the Sands Board of Directors; see which six casinos were granted extensions by the NGCB; take a historical look at Nevada Gaming revenue; and a whole lot more, including the latest traffic trends and tournament results. Sands board member now iGaming shareholder Well isnt this an interesting wrinkle! Apparently one of the members of the Las Vegas Sands Corp. Board of Directors, Jason Ader, has recently become the second largest shareholder of bwin.party, one of the giants of the online gambling industry, and a company that is licensed in New Jersey as an online gambling site. Las Vegas Sands is of course owned by Sheldon Adelson, the Sheldon Adelson who is currently spending millions of dollars to repeal online gambling in the United States, which will likely make the next Sands board meeting quite interesting. Perhaps Ader is simply taking a contrarian stance, or perhaps he realizes Adelsons efforts to ban online gambling are futile. Either way it makes for an interesting debate and is yet another interesting addition to the already tangled plot line that is online gambling in the US. 6 Casinos receive online poker extensions As we reported earlier this week, the Nevada Gaming Control Board (NGCB) extended the licenses for six Nevada casinos, allowing them to continue to develop their online poker products (if they choose to do so) without having to renew their license applications
a renewal process that would have come with a six-figure price tag. Here are the six casinos that received online poker license extensions in Nevada:
Boomtown Reno Truckstop
Grand Siena (Reno)
LV Golden Nugget
Boyd Interactive Gaming You can read our entire write up on this story here. A Historical look at gambling revenue in Nevada With the Nevada Gaming Control Board finally releasing data on online poker revenue, which is currently looking like a $150 million a year industry based on the revenue numbers (Nevadas cut of that revenue will be about $10 million per year) I thought it would be a good time to take a look at the bigger picture of the revenue generated by the casino industry in the state. Based on the following numbers, the online poker revenues being generated in the state are a mere drop in the bucket, but with revenues down $2.5 billion from their peak in 2007, every hundred million counts!
2001 $9.3 Billion
2002 $8.9 Billion
2003 $9.2 Billion
2004 $9.9 Billion
2005 $10.5 Billion
2006 $11.8 Billion
2007 $12.5 Billion
2008 $12 Billion
2009 $10.5 Billion
2010 $9.9 Billion
2011 $10.1 Billion
2012 $9.9 Billion
2013 $10.1 Billion You can find more historical gaming data at UNLVs Nevada Revenue page. Weekly Guaranteed Tournaments in Nevada WSOP.com Sunday $15K Guaranteed A really strong turnout of 110 players registered for the $15k Guaranteed at WSOP.com this past Sunday, creating a prize-pool of $22,000. Considering the recent turnouts the site may want to consider bumping the guarantee up to $20,000. Here is a look at the final table payouts from the tournament:
Pweda287 $462 WSOP Main Event Satellite For the first week since it has been offered, the WSOP.com satellite to the World Series of Poker Main Event didnt offer an overlay, as a total of 55 players registered for the tournament, creating a prize-pool of $11,000:
1more1time $10,000 seat to the 2014 World Series of Poker Main Event
BShriver5 $1,000 The $10K Guarantee tournament at Ultimate Poker While WSOP.com saw a nice uptick in tournament attendance it seems to have come at the expense of Ultimate Poker, which saw just 88 players register for their $10K Guaranteed tournament this past Sunday, which meant an overlay of nearly $2,000. For the second time in three weeks William Reynolds managed to make the final table, this time finishing in 6th place.
I Love Beer $2,000
BrownPride $300 Traffic trends in Nevada After a few months of steady decline there is finally a bit of good news coming out of Nevada as average cash-game traffic at WSOP.com has ticked back up to 110 players after dipping below 100 just two weeks ago according to www.pokerscout.coms data. Ultimate Poker also saw some small gains for the second straight week as the site now boasts average cash gamed traffic of 75 players. South Points Real Gaming online poker site continues to be a complete non-factor in the market with average traffic still sitting at 0 although the site is still in a testing period and hasnt been marketed at all at this point. Overall, Nevadas online cash-game traffic is once again approaching 200 players. The word on the street Culinary Union okays strike Last week we told you that the Culinary Union had authorized a strike of Downtown Las Vegas Casino, and this week the picket lines began as the Las Vegas Sun reported. It will be interesting to see how this story plays out, as it could be bad for both sides.