Although by all accounts Pennsylvania’s gaming industry has a been a great success since the first casino opened in the Commonwealth in 2006, the industry now faces stiffer competition than ever for gaming dollars in the region. From 2006 to 2012, gaming revenues grew each year on a year-over-year basis, but declined slightly from 2012 to 2013. Within the next few years, several new casinos will open along the east coast in New York, Massachusetts and Maryland. Additionally, New Jersey and Delaware each recently launched Internet gaming in their states and Delaware has entered into a compact with Nevada to attract more Internet gaming revenue. The stakes are high for Pennsylvania’s gaming industry to remain competitive and to not lose gaming dollars to neighboring states.
On the heels of its decision to award the sole slots parlor license to Penn National Gaming, the Massachusetts Gaming Commission is prepared to make headlines again. This time for its scheduled educational forum on Internet gaming. Specifically, on March 11, 2014, the Massachusetts Gaming Commission will hold an all-day forum where industry experts and members of the Massachusetts legislature will present on a wide array of Internet gaming topics.
Internet gambling is currently legal and operating in three, U.S. States – Nevada, New Jersey and Delaware. Additional states, perhaps realizing that the likelihood of federal legislation on the topic anytime soon is remote, considered their own internet gambling legislation this past year. Proposals for new, or expanded internet gambling have, or will likely be considered by California, Colorado, Hawaii, Iowa, Louisiana, Massachusetts, Mississippi, New Jersey and Pennsylvania.
Duane Morris partner Frank DiGiacomo will speak on “Regulatory Structure and Impacts of New Jersey’s New Legislation” and “Historical Development of the Federal Regulatory Structure for Gambling: What Needs to Change to Make Internet Gambling Truly Work?” at Law Seminars International’s (LSI) Online Gambling Conference on Monday, February 4, 2013.
Mr. DiGiacomo, the program’s co-chair, will be opening the two-day conference that invites attorneys and business executives involved in the gaming and online entertainment industry. Attorneys who attend are also eligible to receive CLE credits.