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978
2011/11/03 14:41
#288277
Manne wrote:
With online gambling in the USA currently lying in shambles, the government is under fierce pressure on the issue of legalizing online gaming. Several businesses and lawmakers are pushing the government to legalize online gambling in the country so that many of the well known poker pros can continue to play poker online for real money. As a result, FairPlay USA, an organization that aims to aid the ongoing struggle to legalize online gaming in the US, has been formed,
PlayPokerOnline.com reports.
With its base in Washington DC, FairPlay USA involves members from across the country seeking to push the government to legalize online gaming as well as to sensitize lawmakers about the flaws in the current legislation. Current members include people from varied fields like consumer protection experts and law enforcement officials along with commercial gaming companies and poker players in the country. Eminent members in the organization include Parry Aftab, Executive Director of WiredSafety.org, the world's biggest online safety organization and Tom Ridge, the former Pennsylvania Governor.
The organization has launched its own online website,
Fairplayusa.com and also has a petition where supporters can make their thoughts known to the Congress. FairPlay USA's executive director, Marisa McNee, explains that the website will serve as a focal point to recruit and organize supporters, and that the online petition will enable their voices to be heard in the Congress. She also stated that the website is directed towards the lawmakers, supporters of online consumer safety and the vast number of Americans who play poker online for money. Protecting consumer interests and ensuring child safety are other legislatory aspects that FairPlay USA is focusing on.
The organization has also published on the site a list of ten principles which it considers imperative to online gaming in the US. Among them are suggestions to introduce a regulatory framework for the enforcement and licensing of online poker. The organization has also suggested that license operators should provide real money poker sites with problem gambling controls that will effectively control playing time, deposit amounts, wagers etc. FairPlay USA has already won the support of other poker organizations like Poker Players Alliance.
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888, whose rivals include the world's biggest listed online gaming company, Bwin.party digital, said its third-quarter sales grew 42 percent to $86 million, the highest quarterly revenue ever achieved in the company's history.
As of September 30, the company had 10.1 million casino, poker and sport real money registered customer accounts, an increase of 24 percent from last year.
Cash-strapped Britons are staying at home more, updates from consumer-facing companies showed last week, as fears grow that the UK will slip back into recession.
"Trading has continued to be strong into the fourth quarter, and we expect that clean EBITDA for the financial year ending December 31 will be significantly ahead of current market expectations," Deputy Chairman Brian Mattingley said in a statement on Tuesday.
Analysts on average are expecting a full-year EBITDA of $33.5 million, according to Thomson Reuters I/B/E/S.
In August, 888 had said trading across all its business lines for the traditionally weaker third quarter was likely to remain robust, aided by demand from new customers.
888 shares, which have fallen 13 percent in the last six months, closed at 33 pence on Monday on the London Stock Exchange, valuing the firm at about 115 million pounds. (Reporting by Tresa Sherin Morera in Bangalore; Editing by Joyjeet Das)