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February 2013

AGEM Index

The AGEM Index increased in the final month of 2012. The composite index at the end of December 2012 was 135.73, representing an increase of 1.92 points, or 1.4 percent, when compared to the prior month. Compared to the same month of the prior year, the index was up a respectable 16.7 percent. The index reported month-over-month increases during the majority of 2012, rising in eight of the past 12 months.

February 2013

On the Up & Up

It’s February, and there is so much going on that truly excites me. This is a good month. For one, this issue of the magazine is getting around. Literally. It’s being distributed at four industry conferences—iGaming North America, Florida Gaming Congress, the American Bar Association’s Gaming Law Minefield and the World Game Protection Conference. It’s thrilling for me to see the reach CEM has and the new audience we’re gaining.

February 2013

Union Gaming Analytics Operator Index

This is the inaugural edition of the monthly Union Gaming Analytics (UGA) index of gaming operators. Since this is the first edition, we will describe the methodology we used in compiling it. For reference, the index is compiled of 23 global gaming operators ranging in market cap from $33.4 billion (Las Vegas Sands) to $221 million (Isle of Capri). To take into account company size, we have comprised index weights based on market capitalization.

February 2013

Fiscal Cliff Averted … For Now: What the American Taxpayer Relief Act Means for the Gaming Industry

The end of 2012 saw the United States on the precipice of higher tax rates springing back to life, the elimination of favorable business tax provisions and significant cuts to federal spending. From the edge of the proverbial fiscal cliff, the United States leaped to the closest ledge at the beginning of 2013, with the politicians finally reaching an agreement to mostly preserve current tax rates and extend numerous favorable business tax provisions.

February 2013

Where’s The Money Now? Part 2: Why is Fishing Like Gaming?

Understanding the gambling experience can be likened to fishing, and this analogy may help explain some of the behavioral aspects of the gambling experience. In recreational fishing, the fisherman invests time (and money) in hopes of catching a fish. But on most fishing trips, the time and money invested in fishing is, at least in our experience, nothing akin to the return that is received. However, the moment of actually catching a fish makes it all worthwhile.

February 2013

Gambling and the Law®: Lessons from the Insurance Industry

Licensed gaming is slowly becoming just another legal business, which is a very good thing. Many of the strangest restrictions in the laws of past arose from centuries of gambling being seen by society—or at least by opinion leaders and lawmakers—as an activity that was simply not respectable. Gambling debts were unenforceable, and courts would no more allow casinos to advertise than they would brothels.

February 2013

Interactive Gaming in Nevada

The rush is on for a Nevada Internet gaming license (or interactive gaming, as it is referred to in Nevada). As of the end of 2012, there were eight companies that were licensed by the Nevada Gaming Commission (the Commission) to operate interactive gaming, with 10 more companies with applications in the process of investigation and review. At the same time, there were eight licensed manufacturers of interactive gaming systems with 14 applicants still pending...

February 2013

Internet & Mobile Gaming

This month, Casino Enterprise Management tackles the big topic of Internet and mobile gaming. Speaking with several organizers of the iGaming North America conference and other industry experts, we examine its current legal status, regulation, technology, implementation and many other related topics. Below is the lineup of those who participated in the discussion. On the following pages, you’ll read the conversation exactly as it happened.

February 2013

An Online Gaming Update in Latin America

As previously reported in my article, “Online Gaming in Latin America,” in the April 2012 issue of CEM, there is an increasing number of offshore e-gaming operators looking to get involved in the Latin American market, and there could be some major changes in the way local governments regulate the sector. Casinos, bingo halls and slot parlors are increasingly commonplace in most jurisdictions, and gambling is becoming more widely socially acceptable.

February 2013

Indoor Mobile Gaming

The amount of talk surrounding online gambling has increased dramatically since the Department of Justice clarified the Wire Act just over one year ago. Most of the attention, however, has been focused on legislation to allow players to access gaming services from their homes over the Internet. While this has resulted in much noise but little action, interactive gambling on licensed premises via mobile devices is now legal across some of the U.S.’ biggest gaming markets.