IMGL Honors Individuals at G2E Reception
On September 24, the International Masters of Gaming Law presented awards at their member reception at G2E Las Vegas. LEFT: IMGL President Kelly Duncan presents the President’s Award to Sue McNabb. RIGHT, TOP: Kelly Duncan with Gaming Regulator of the Year Indian Country, John Roberts, and Jane Zerbi. BOTTOM: Frank Catania, Gaming Regulator of the Year Americas, David L. Rebuck, and Kelly Duncan.
William J. Downey
Affiliated - Counsel
Fox Rothschild LLP
Fox Rothschild LLP
1301 Atlantic Avenue Suite 400
Atlantic City, NJ 08401-7212
Tel: +1 609 348 4515
Fax: +1 609 348 6834
Cell: +1 609 412 1691
William Downey is a Partner with Fox Rothschild and counsels a varied clientele regarding all types of business transactions, including casino regulation, acquisitions and dispositions, real estate, corporate and real estate finance, venture structure, and entity formation and governance. Downey practices regularly before the New Jersey Casino Control Commission, the Pennsylvania Gaming Control Board and the Pennsylvania Harness Racing Commission representing casino and racetrack owners and operators, gaming industry lenders, casino executives, gaming equipment manufacturers, shop keepers and outside vendors and contractors. He has extensive experience in the prosecution of license applications before regulatory bodies, operational issues and regulatory review and contested enforcement matters. Downey also has significant experience in drafting and negotiating employment and professional services agreements. He is a member of the International Masters of Gaming Law. He received his J.D. from Rutgers University School of Law, Camden in 1991 and his B.A. from University of Notre Dame in1988.
Bwin.Party-Boyd, Caesars Take Early Lead In New Jersey Internet Poker Push
05 Dec, 2013
One week into regulated Internet gambling in New Jersey, clear leaders are emerging in online poker, a market sector industry executives have said is just beginning to take shape. Already, the state’s web poker business, comprising five platforms with a sixth slated to launch soon, is beginning to show signs of stratification, with two operators controlling more than three-quarters of all player traffic. The poker network shared by PartyPoker and Boyd Gaming’s Borgata casino has jumped out to an early lead and currently has 48 percent share of player traffic, according to PokerScout. Caesars Interactive Entertainment’s WSOP.com offering is close behind with 38 percent. Trailing significantly are 888 Holdings’ All American Poker Network and Ultimate Poker, which have just 8 percent and 6 percent of player traffic, respectively. PokerScout data for Betfair’s poker offering, on Amaya’s Ongame Network, are not yet available, said PokerScout owner Dan Stewart. The Golden Nugget, which has also partnered with Ongame for poker, has not yet cleared the so-called “soft play” testing period that began late last month. Being first out of the gate in New Jersey and acquiring a significant share of poker player traffic is critical to ensuring future success there, some industry executives have said. Still, other industry executives have questioned whether poker, a sector that GamblingData expects to generate $105.1m in revenue in its first full year, rising to $189.4m in its fourth, is worth doing battle over. How poker market share is distributed in New Jersey will likely change in the coming months as operators adjust their marketing spend, launch their mobile offerings, broaden their payment processing capacity and fine-tune their geo-location solutions. The balance of power could also shift if PokerStars, the world’s largest Internet poker operator by volume, is approved for launch.For now, poker-related advertising is on the upswing after a Poker Affiliate Solutions survey last month found that 46.6 percent of New Jersey residents were “not at all familiar” with the state’s plan to launch web card rooms. Fresh online gaming billboard ads dot New Jersey’s network of turnpikes and expressways. Betfair’s Corcoran noted Tuesday that competitor billboard ads have even begun to spring up in neighboring New York. Sign-up bonus competition between poker sites is also heating up, with nj.PartyPoker.com taking the most aggressive approach by offering to match $100 deposits with $100 in bonus cash. BorgataPoker.com, which share’s the PartyPoker network, is offering $20 sign-up bonuses, while BetfairCasino.com, us.888poker.com andWSOP.com are each offering $10 sign-up bonuses. Still, Caesars Interactive’s Garber said he does not expect sign-up bonus competition to escalate much beyond current levels. Although the New Jersey Internet poker market has been slowed by early payment processing and geo-location issues, it is already attracting more players than are markets in Nevada and Delaware, where online gambling is also regulated. According to PokerScout, the four New Jersey platforms it tracks have together drawn an average of 370 players in the last seven days. In Nevada, two platforms — one run by Caesars Interactive, the other by Ultimate Gaming — have drawn an average of 195 players during the same period. In tiny Delaware, meanwhile, the state’s sole platform, run by 888, has drawn an average of just 22 players. Garber said he was “encouraged” by the initial results from New Jersey, especially given current levels of customer awareness, which he said remain very low. Morgan Stanley analysts Thomas Allen and Vaughan Lewis said in a note to clients this week that at current play levels, the New Jersey Internet poker market is on track to generate just $15m in revenue in its first year. But over time, they expect returns to significantly improve.