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Bwin.Party CEO: "U.S. regulation is a question of time"
Jim Ryan, CEO of the world's largest online gambling operation, bwin.party, has expressed his confidence that regulation will eventually arrive to the U.S. online gambling market.
bwin.party is one of the many companies that have been gearing up to face regulation over the past year's time, joining forces with brick-and-mortar giants MGM Resorts International and Boy Gaming in a what seems to be a serious bid for a front row seat once and if regulation is introduced.
Ryan sees this tendency as natural for the market's biggest players, and as an indication that regulation is by now inevitable whether it arrives at a federal or state level.
"Well, I guess our perspective is really quite simple. For many years it was a question of if the U.S. government – either at a federal or a state level – would regulate online gaming. We don't' think that's the case anymore. We think it's a question of when," Ryan told PokerNews.com.
"Why do we think that?," he added. "Let's take a look at some of the industry players in the United States. We saw Caesars make an announcement about acquiring a poker platform. We've seen the IGT and Entraction deal. We've see the Fertitta Interactive and CyberArts deal. And as you probably know, we've been in the progress of marketing Ongame Network, and all the interested parties in that particular asset have been coming from the United States."
Major room with high traffic numbers
Multiple languages
Free 24 hour phone support
Major tournaments and qualifiers
"That's a pretty impressive list of events that would lead one to believe that we're likely going to see poker be legal in the U.S. in some way, shape or form," Ryan said.
Ryan also revealed that
PartyPoker is looking to make a strong return to the U.S. market as soon as regulation arrives, and expressed his opinion that only some states would be able to sustain an intrastate online gambling model.
It therefore remains to be seen whether state regulation will be the path to follow, he said.
Finally, Ryan also confirmed rumors that the World Poker Tour brand is currently looking into of the possibility offering real-money games.
"It is absolutely in our strategic objective to take advantage of the World Poker Tour and its brand awareness in the U.S in the real-money gaming environment," he said.
Ryan was yesterday named as one of the most influential people in the poker world after coming in second on the annual BLUFF Power 20 ranking.
bwin.party is one of the many companies that have been gearing up to face regulation over the past year's time, joining forces with brick-and-mortar giants MGM Resorts International and Boy Gaming in a what seems to be a serious bid for a front row seat once and if regulation is introduced.
Ryan sees this tendency as natural for the market's biggest players, and as an indication that regulation is by now inevitable whether it arrives at a federal or state level.
"Well, I guess our perspective is really quite simple. For many years it was a question of if the U.S. government – either at a federal or a state level – would regulate online gaming. We don't' think that's the case anymore. We think it's a question of when," Ryan told PokerNews.com.
"Why do we think that?," he added. "Let's take a look at some of the industry players in the United States. We saw Caesars make an announcement about acquiring a poker platform. We've seen the IGT and Entraction deal. We've see the Fertitta Interactive and CyberArts deal. And as you probably know, we've been in the progress of marketing Ongame Network, and all the interested parties in that particular asset have been coming from the United States."
PartyGaming
Major room with high traffic numbersMultiple languagesFree 24 hour phone supportMajor tournaments and qualifiersRyan also revealed that
PartyPoker is looking to make a strong return to the U.S. market as soon as regulation arrives, and expressed his opinion that only some states would be able to sustain an intrastate online gambling model.It therefore remains to be seen whether state regulation will be the path to follow, he said.
Finally, Ryan also confirmed rumors that the World Poker Tour brand is currently looking into of the possibility offering real-money games.
"It is absolutely in our strategic objective to take advantage of the World Poker Tour and its brand awareness in the U.S in the real-money gaming environment," he said.
Ryan was yesterday named as one of the most influential people in the poker world after coming in second on the annual BLUFF Power 20 ranking.
Comments
Its looking more like the only way an international room will operate in the US is as a partner to a US based interest. But even then, it will likely only operate within a single state!
Notice the discussions about "intrastate", not "interstate" online gambling.
intra - within state boundaries
inter - across state boundaries
The direction were moving in will result in all 50 states essentially operating as independent countries. These regulations are being crafted to prevent you from playing outside the boundaries of the state you are physically in. For instance, California isn't going to let its large player base sit at a table run by a Nevada based site.
Notice the discussions about "intrastate", not "interstate" online gambling.
intra - within state boundaries
inter - across state boundaries
The direction were moving in will result in all 50 states essentially operating as independent countries. These regulations are being crafted to prevent you from playing outside the boundaries of the state you are physically in. For instance, California isn't going to let its large player base sit at a table run by a Nevada based site.
How long will we keep hearing this -- "it's just a matter of when" -- like it's a new story.... of course it's a matter of time, but the question is........ WHEN ?!?! 
Party would be LOVELY...... although, I suppose ROW players don't exactly rave about it in comparison to Stars. But as US players, there's not much we can complain about, I guess. Gotta take what we can get.
Party would be LOVELY...... although, I suppose ROW players don't exactly rave about it in comparison to Stars. But as US players, there's not much we can complain about, I guess. Gotta take what we can get.
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