A representative of an International Game Technology outside investor resigned his seat on the slot machine manufacturer’s board of directors eight months after a contentious proxy fight landed him on the corporate governing body.
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The marriage between lottery provider Scientific Games Corp. and slot machine manufacturer WMS Industries is still in the honeymoon phase.
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| Schuetz said that it may not be viable to allow the introduction of other online gambling activities, for fear that they would cannabalize tribal casino establishments across the state. According to Schuetz, the formation of interstate compacts with neighboring states is not a priority for California’s impending online poker market, simply due to the sheer size of the population in the Golden State. Asked about the chances of online poker legislation passing in 2014, Schuetz said that he did not believe it would come about since it is an election year. |
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Australian readers may recall the name Lawrence Escalante, the young Perth entrepreneur who raised capital online to launch his Facebook social gaming company Virtual Gaming World and its Chumba Casino subsidiary.
Escalante used a typically social gaming business model to generate revenues, allowing his online players to buy extra chips for premium action rather than playing the slots and card games for rewards.
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Two months ago, Disney released a sequel to Where’s My Water?, a hit smartphone game about a showering alligator. Hopes were high: Disney had pointed to the original game as evidence of overdue traction in mobile gaming.
It flopped.
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Billionaire casino magnate Sheldon Adelson, whose record-breaking campaign spending in 2012 made him an icon of the new super-donor era, is leveraging that newfound status in an escalating feud with industry rivals over the future of gambling.
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When New Jersey enters the Internet gambling age this week, the move will mark the largest expansion of gambling since Atlantic City legalized casinos in 1978. It also means the state will launch the most complex and heavily trafficked online gambling industry to legally operate in the United States.
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New Jersey is deadly serious about making sure anyone who gambles online once Internet betting begins this week is physically within the state. And the technology designed to ensure it may freeze some bettors out of the action unless they move farther away from the state's borders.
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