With the new challenges to Internet gambling within the United States, a pannel discussion on the Global Gaming Expo addressed the problem this week. Moderated by Lloyd Levenson, Chairman of the Casino and iGaming Law practice group, this panel of experts discussed the problems facing iGaming within the U.S. and the way forward for the industry.
Panel members Susan Hensel, Director of Licensing for the Pennsylvania Gaming Control Board; Matthew Katz, CEO of CAMS, LLC; and Michael Choen, Caesars Interactive Entertainment began discussing the present legislation being considered by the Pennsylvania Senate because the state is poised to be the following to legalize internet gaming, at the side of daily fantasy sports and airport gaming. While Hensel was not 100% optimistic of House Bill 2150 being passed through the final nine session days, it is crucial legislation to spur momentum within the states where internet gaming remains illegal.
A common theme inside the panel was the truth that the legislation affecting internet gaming tends to fall behind the advancements within the industry. Katz noted recent legislation proposed in Massachusetts that appears beyond the present possibilities to encompass the possible beyond land-based casinos. This kind of legislation, posed Katz, would allow states to be nimble and stay on top of regulating the newest trend before it becomes irrelevant.
According to the panel, the way forward for iGaming is tied to land-based casinos. Because the facilities work to draw various kinds of players, they'll look to different avenues to succeed in new markets. An example stated was the Illinois Lottery going live online. Retailers were worried this can get rid of from their sales as people purchased tickets at home. However, studies conducted afterward showed the retailers weren't affected as a brand spanking new market emerged as first-time lottery players began purchasing tickets online while seasoned players continued to visit their favorite brick-and-mortar store.
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