Research and Markets: Analyzing the Global Online Gambling Industry 2013-2016 Featuring 14 of the World’s Biggest Players

It is becoming ever popular

and its growth is greatly driven by factors such as internet penetration.

Currently, Europe appears to be the quickest expanding online gambling market.

In 2012, European online gambling business operators recorded almost a 45%

increase in the total online gambling yield.

F.1 Impact of Mergers Acquisitions

G.6 Global Online Gambling Industry Segmentation

Research and Markets

Laura Wood, Senior Manager.

press@researchandmarkets.com

U.S. New features and regular

system updates are needed to maintain the websites to stay ahead in the market.

Online gambling may be rather intimidating to both a novice and an expert player

because of the endless options on the internet. Global Online Gambling Industry: Porter’s Five Forces Framework Analysis

- Bwin.party Digital Entertainment Plc

C.8 Industry Competition

A. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Sector: Gambling

E.4 Competitive Rivalry in the Industry

C.2 Industry Overview

C.6 Industry Trends

G.5 Global Online Gambling Value Analysis

The global online gambling industry is one of the biggest and most rapidly

expanding market at the moment. While

established markets have reached maturity and have less room for revenue growth,

they will still perform strongly and benefit from a recovering economy. Analysis of Major Markets

C.5 Major Products Services

F.8 Impact of Technology

C.3 Industry Revenue Growth

F.7 High Barriers to Entry

- La Francaise Des Jeux

F.4 International Trade Impact

C.7 Market Share Analysis

- William Hill Plc

(http://www.researchandmarkets.com/research/dqsj67/analyzing_the) has announced

the addition of the “Analyzing the Global Online Gambling Industry” report to

their offering.

- Paddy Power Plc

- GVC Holdings

G. Casino.org is an online

directory that aids gambling participants find the top online casinos that are

safe, secure, anti-spam, tested and trustworthy from around the world.

C.1 Introduction

B. With a net worth of $30 billion, last year it

expanded at the rate of 2.5% after a slowdown in the 2009 global economic

recession and is expected to continue to grow in the coming five years. Executive Summary

C.4 Industry Segmentation

- Sportingbet PLC

F. In response to

the high risk of fraud in the ever-growing European online gambling sector, the

parliament of the European Union initiated an effort to govern the market. Betting

turned out to be the highest grossing activity in global interactive gambling

last year.

I. Major Industry Players

G.1 Introduction

Key Topics Covered:

F.3 Factors Driving Demand

C. – Zynga Inc

- Gala Coral Group Limited

C.9 Global Casinos Online Gambling: Future Perspective

F.2 Impact of Regulations

For more information visit

http://www.researchandmarkets.com/research/dqsj67/analyzing_the

- Betfair Group Plc

- 32Red Plc

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541u=urn:newsml:reuters.com:20130226:nBw265923a

G.3 Growth of Online Mobile Gambling

E. There are thousands of websites on

the internet that offer various choices in the gambling sector. Industry Definition

- 888 Holdings Public Limited Company

DUBLIN–(Business Wire)–

F.6 Increasing Globalization in the Industry

G.4 Global Online Gambling Industry Statistics

Research and Markets

H. Online/Mobile Gambling versus Traditional Gambling . Global Online Gambling Industry: Future Perspective

E.3 Bargaining Power of Suppliers

F.5 Industry Costs

E.6 Threat of Industry Substitution

- Netplay TV Plc

D. Global Casinos and Online Gambling Industry

E.1 Introduction

About 51% of the world’s population takes part in some form of gambling every

year, thus signifying obvious financial benefits from online gambling websites.

With the expansion of the online gambling industry, players have come to expect

only the highest quality of online gambling facilities. Factors Impacting the Industry

G.2 Retail Gambling

- Playtech Ltd

E.2 Bargaining Power of Buyer

Copyright Business Wire 2013

E.5 Threat of New Entrants

- Ladbrokes plc

Online gambling has proven to be the biggest phenomenon in recent years. The

games that dominate are wagering, casino and poker. As of

September 2011, the EU member states still dealt differently with online

gambling, with legislations ranging prohibition, online gambling on grey markets

and monopoly licenses for online gambling providers to entirely open markets. Online gambling was banned in most Asian countries as of 2012, but

consumers generally remained interested in gambling nevertheless

Gambling companies step up efforts to sway addiction debate

In Britain less than 1 percent of adults are problem gamblers, according to industry data.

“The challenge for companies is how they are going to persuade the regulator and a more skeptical public that they really care and it’s not just cosmetic, or just enough to keep either the regulator or politicians off their back,” Philip Graf, chairman of industry regulator the British Gambling Commission, has said.

However, actively helping rather than merely encouraging punters to bet within their means could ensure that customers can afford to bet for many years more, companies say.

To avoid further sanctions, companies such as William Hill, Ladbrokes, Gala Coral and Paddy Power are looking to self-police their activities.

LONDON (Reuters) – On the websites of Britain’s bookmakers gamblers can bet around the clock on anything from soccer in Azerbaijan to financial market fluctuations, while others in betting shops feed high-stake machines that can devour 300 pounds ($470) a minute.

“The research has identified the behaviors associated with gambling problems and then identified what the predictors are,” Howard Shaffer, addiction division director and Psychiatry Professor at Harvard Medical School, told Reuters.

William Hill and Ladbrokes, Britain’s two biggest bookmakers, are also working on similar algorithm strategies, while the latter plans to link executive pay to targets on responsible gambling.

(Editing by David Goodman)

Whether the 6.3 billion pound industry creates more addicts is disputed, but a media backlash and political posturing ahead of a British national election next year has increased pressure on companies to show they are serious about tackling the problem as the Responsible Gambling Trust prepares to publish new research on the issue next month.

At Harvard Medical School in the United States five scientists have spent almost a decade working for online gambling company Bwin.Party to create an algorithm capable of identifying gambling addiction behavior, with a view to addressing customer issues before they become too entrenched.

“Obviously, it is a challenge for companies who are tying to make money; they wouldn’t want to do things that would be overly restrictive of their consumers,” Dirk Hansen, CEO at gambling addiction support group GamCare, told Reuters.

“People at the hard end of addiction are probably going to opt out of these measures,” he said.

The Ladbrokes (top) and PaddyPower Sport betting websites are seen on electronic devices in this file picture illustration taken in Paris May 22, 2014.

Using information from win-loss responses to average stakes, total spending and gambling frequency, Bwin has conducted trials of the algorithm on one of its websites since September.

This anywhere, anytime gambling culture has changed the face of the industry over the past 15 years and brought fresh temptations to those who struggle to prevent a harmless flutter from becoming a dangerous addiction.

Gambling has long been legal and tolerated in Britain, but at a price. High-stake betting machines and online revenue are the latest parts of the business to endure tax increases, while planning restrictions are being placed on betting shops that have proliferated in poor inner-city areas.

HELP FROM HARVARD

They are looking for a balance to ensure that punters avoid addiction but keep coming back – not least to Britain’s 33,000 high-stake gambling machines, which generate annual income of 1.5 billion pounds and have given betting shops a fresh purpose at a time when gambling via mobile devices is rocketing.

In September leading firms set up a watchdog to hold them to account on pledges to advertise more responsibly, committing to fewer shop-window promotions and to screening sign-up TV advertisements at times when fewer children are watching.

Reuters/Christian Hartmann/Files

GamCare’s Hansen welcomed the industry’s latest attempts but warned that it might not address the most serious cases.

Although too early to evaluate, the trial involving 3,000 users has prompted several hundred interventions, Bwin said. These include restrictions on play or, in more acute cases, account closures and charity referrals.. Full rollout is due next year if the trial proves successful.

Sharp, uncharacteristic behavioral changes that mirror those of addicts or potential problem gamblers trigger interventions ranging from generic warning messages to contact from teams trained to discuss behavior and possible remedies

Edward Thorp’s Baccarat Adventure

The original order of the cards is slower to change with multiple decks. Unquestionably the greatest mind ever to turn his attention to gambling, Thorp has made small fortunes at blackjack, roulette, and sports betting; he also pioneered the incredibly successful “warrant-hedging” technique on the greatest gambling game of all, the stockmarket. Baccarat seemed the obvious choice. When the running count is high (lots of plus cards are dealt) the player has the advantage and should bet more. Cards are given a value according to how good or bad their removal is for the player. He is without doubt the most successful gambler who has ever lived. They then analyzed random subsets of thirteen cards,a typical minimum number of cards remaining in a deck before a shuffle, to see if either player or banker bet was favourable (the tie-bet had not yet been introduced). Sklansky stated that card-counting may indeed be possible at baccarat, and suggested devising a count which weighted twos and threes against sevens and eights.

Chapter 3

However, in a footnote to the text, Thorp stated that a strategy might be feasible when technology progressed further, and that in any case he only ruled out strategies based on card-counting, adding intriguingly that strategies based on an analysis of card-shuffling might produce a winning method.

The casinos also at that time offered two side bets in addition to the main part of the game, on whether or not the banker’s first two cards would total eight, or total nine, which paid off at nine to one. There are still some professional Counters around today, although the casinos are wise to the danger and bar any player they suspect is counting.

So, of what interest is this to baccarat players? Well, it is a little-known fact that card-counting can also be applied to baccarat. For example, removing all the 5′s from a deck puts the odds in the player’s favour. Professor Thorp is a character so extraordinary that had he not really lived, then as a character of fiction his exploits would have been dismissed as far-fetched. By raising his bets fourfold (or more), his profits could outweigh the loss from making the approximately 80 “waiting” bets on the banker the player would have to make in order to earn the right to bet on this last hand. These favourable situations are outnumbered by unfavourable ones, and so on average an unskilled player would lose more than he wins. Under ordinary circumstances these bets had a large house advantage of approximately 5%, but the academics discovered that when there was a large number of eights or nines remaining to be dealt, i.e. After the seventh night the team were barred. Perhaps this was for the best, for in a Las Vegas which still had close connections with The Mob, it is unlikely that the team would have been allowed to go on winning indefinitely.

In March, 1982 the “Gambling Times” published a series of six-card subsets which could give the player an advantage at the very end of the deck. Every time he sees a card he adds or subtracts its value from the running count in his head. But, Thorp discovered, if the player knows when he has the advantage, he can bet more than when the house has the advantage, and so win more money than he loses.

3 -0.007% +0.007%

It is hard to guess at the amount of money casinos have lost to blackjack card-counters, but the figure is unlikely to be less than tens of millions of dollars. Therefore the odds of the various bets change, as one hand after another is dealt from the shoe.

Thorp and Walden, with the aid of a computer, determined the precise expectations for the various bets. The ratio between the players “large” and “small” bets is called his bet spread, and the larger it is, the more he will win.

Card-counting is an advanced gambling tool, which could in theory give a player the advantage in almost any card game. The tie is like a golden chalice in a snake pit.

and player bets

Shortly afterwards a side bet began to appear on the tables which paid eight or nine to one whenever the result of a hand was tied. Once the player had an edge of 3.2%, once the banker had an edge of 0.1%. Like blackjack the cards are dealt out until the pack is depleted, before the cards are shuffled. Over $65 billion have passed through his hands over the last few decades, and his personal fortune can only be guessed at. When it is negative he should bet the minimum or leave the table. He also found that a player could sometimes have the advantage over the house. The counter at all times keeps a “running count” in his head which begins at zero. Thorp had discovered that rare thing, a gambling system which actually worked.

8 +0.005% -0.005%

7 +0.008% -0.008%

9 +0.003% -0.003%

Card Change in % advantage of banker

0 -0.002% +0.002%

(An extract from the book Baccarat For The Clueless)

How does counting work? Well, the most popular systems are called “point-counts”. Perhaps they were more adept at concealing their methods.

5 +0.008% -0.008%

2 -0.005% +0.005%

Ace Ten nine eight seven six five four three two

David Sklansky, one of the more innovative of gambling writers, discovered that if the last six cards dealt from a baccarat shoe were three twos and three threes, the player bet enjoyed an 80% advantage. In the next casino they visited they raised their stakes. He discovered that a player with computer-perfect knowledge of the last six-cards could gain an average profit of 26% on that hand. Clearly, they concluded, no system based on card-counting could yield a practical winning strategy, for the favourable situations were just too infrequent.

Thorp and a fellow academic, William Walden, investigated the possibility of applying card-counting techniques to baccarat, their work being recorded at the taxpayer’s expense for the benefit of posterity in “A winning bet in Nevada baccarat” (Journal of the American statistical association, vol 73, 1966). This gradually became a standard feature of the game.

6 +0.011% -0.011%. Cards whose removal from the deck is bad are given a minus value, good cards are given a plus value. In only two occasions out of 58 did Thorp and Walden discover any advantage. The banker bet enjoys a similiar advantage if only sevens and eights remain in the deck. The work was an outgrowth of Walden’s PhD thesis which Thorp supervised.

The Effects of removing a single card on an eight-deck Baccarat Shoe

4 -0.012% +0.012%

1 -0.004% +0.004%

It seems somewhat surprising that no other card players had discovered for themselves the system which Thorp and his associates used, particulary since the system was so simple, and the importance of card removal in blackjack and the European forms of baccarat was already recognized (though not fully understood). Firstly, the game is dealt from eight or six decks, whereas blackjack was originally dealt from only one. Card-counting was developed in the 1950′s by Dr Edward Thorp. More than 24% of his gain would come from the tie bet.

Experimenting with the game of blackjack, Thorp discovered that when you remove certain cards from the deck, this alters the house advantage. Thorp and other gambling mathematicians began searching around for other games to win at. Thorp records in “Beat the Dealer” that the team averaged $100 an hour in the first casino they visited. Secondly, the approximately 1% disadvantage the bettor faces on the player and banker bets, while small when compared with most other casino games, is quite large when compared with blackjack, which is typically 0.5% or less (assuming skilled play).

A typical count looks like this (this is the popular hi/lo count)

With a team of trained players the two went to Nevada with a highly successful application of their system. They averaged $1000 an hour for two hours before they were barred again. This finding seemed strange considering the tie bet is almost always disregarded by expert opinion as a frivolous wager that only a fool would make, since it is fourteen times less favourable than the bank or player bets. They designed a card-counting system to exploit these favourable opportunities. Then the side bets disappeared, throughout the state, never to return. But, as Friedman’s study showed, the tie advantage changes much more rapidly than the player or the banker. All of this was due to an extraordinary ability to understand the mathematics of gambling games and devise practical systems to bend chance to his will.

Interest in the application of mathematics to baccarat remained largely dormant for the next decade.

Thorp constructed his highly successful ten-count system, with which he won many thousands of dollars from the casinos at blackjack. This inspired Joel Friedman to investigate all possible six-card subsets. Because these favourable situations were not too frequent, occuring only 10% of the time in every shoe, it was neccessary for a winning system player to raise his bets by a factor of 40 in order to counter the attrition of the many small waiting bets he would have to make.

-1 -1 0 0 0 +1 +1 +1 +1 +1

There were two main reasons why the application of card-counting techniques would not work at baccarat as they had been proven so successfully at blackjack. After five nights Thorp was “rendered spectacularly rubber-legged and goggle-eyedby knockout drops,courtesy of the house” (Life,March 27,1964,pp 80-91). less than the average number of nines and eights had been dealt out, these bets became advantageous to the player. They retaliated with a series of countermeasures designed to thwart the “Counters”, the disciples who read Thorp’s bestselling “Beat the Dealer” and tried their own luck with his system

How To Evaluate Different Factors In Horse Race Handicapping

Now this will determine the horses that are eligible for the race.

By: Art Robertson

Article Directory: http://www.articledashboard.com

. If you want to be successful you will have to understand the factors that will help you find winners and at the same time help you get rid of placing bad bets. This will definitely have an impact on the race. This means that if you are handicapping a race for two or three year olds where most horses have not yet raced, then you will have to factor in things like breeding, trainers record of winning with two or three year olds, etc. If you want to become successful at horse racing handicapping, you will have to learn to evaluate the various factors at different times.

When we talk of horse racing handicapping, there are certain factors that are important. You will know whether pace, speed, breeding, class and post position will play an important role or not in a race. One way of keeping track of the performances is to keep a close watch on the NW race. Likewise, even during a race there may be different factors at play. This is because the conditions at each race will be different from the other. Known as the Non Winners Race, these races are meant for young horses that have not won a certain number of races so far. If you want to be successful you will have to understand the factors that will help you find winners and at the same time help you get rid of placing bad bets.

When we talk of horse racing handicapping, there are certain factors that are important. The distance, track conditions, etc can be so vastly differ from one race to another. By keeping track of the performances of non winners, you will know ahead about what to expect. You must understand that every race has its own set of restrictions and guidelines that are drafted by the racing steward. One of the first things that you need to understand in horse racing is that for every race you will have to adopt different methods to develop consistency in winning. This means that there is no one single magic formula for all kinds of races.

For every race you will have to implement different strategies

Sports :: Carp Fishing Bait Secrets Of Choosing The Best Readymade Baits You Can buy! (Page 6 of 9)

Well of course bigger bait companies have a good track record but guess what – it does not mean you cannot trust smaller companies because after all, the big companies of today were also small too!

Many companies both big and small have many less well-known competitive advantages. For example CC Moore has been an animal feed specialist for 12 generations – and benefit from an enormous wealth of experience in feed formulation and in sourcing top quality ingredients etc from around the world. One of the gems of advice given was to only get your baits from big bait companies that you can trust. Part of the original success of Mainline was having strong links with the food industry. Think about it – what bioactive components are in some of the most well known flavours used in instant attractor baits? Some great flavours may be regarded as health promoters and even as metabolic stimulants among other benefits and effects. Remember that even in small doses, certain substances exert great influence on senses and the function of the body. I think Solar has connections with aquaculture feed specialists for example, and Nash Baits have their own in-house flavorist.

A highly bioactive liquid or powder might be the cornerstone of the success of a readymade bait and the quality and effectiveness of a bait in terms of other additives and ingredients could well be a compromise to make profits.

Page 6 of 9 :: First | Last :: Prev | 1 2 3 4 5 6 7 8 9 | Next

But remember this; many of the most famous boilies of today and over the decades were not even designed by people running bait companies directly or who were not interested in the commercial side of carp fishing as much as others. For example how much psychoactive THC is in hemp used in fishing boilies – and what impact does this have on carp brain chemistry?

Many readymade bait formulations and recipes came from individuals who did certainly became well known but what were the individual paths of evolution in terms of bait design knowledge for people such as Geoff Bowers, Rod Hutchinson, Mike Willmott, Malcolm Winkworth, Geoff Kemp, Tony Miles, Kevin Nash, Gary Bayes and Ian Moore and so on? This is a question that I find very interesting indeed!

How do you know if a particular grade of soya is used or even what the digestibility of a fish meal used is, when used in conjunction with various other ingredients and additives?. For instance does it mean that New Zealand lactalbumin has been used instead of a nutritionally inferior but cheaper alternative source and if so how on earth would you know as a readymade bait buyer anyway? After all baits catch fish for so many individual reasons.

In the Anglers Mail this past week there was a piece written about catching your first big carp. What were the true origins of Nutrabaits Big Fish Mix or Hi-Nu-Val and who were the individuals involved and their personal evolutions in designing baits! Dave Moore is obviously a very well known bait guy from the north of England but the roots of certain other mixes can be less than clearly documented and rooted in intrigue.

Carp anglers are always being told to buy quality bait but ironically enough on a genuinely pragmatic levels relatively few anglers really understand how one bait is a better quality than another – or even how quality actually translates into something that is verifiable

Sports Betting – Couple Of Overlooked Betting Ideas

A bettor need to make in depth seek earlier than betting. If a person finds it fascinating a modest portion of your income can be put aside particularly for playing. You will find a lots of details around the website from which a person can study about.

Average:

There are many ways by which a person can turn out to be a viewpoint bettor. A sharp bettor will know the correct time for betting and a person can evidence him / her profitable the bet continuously. This increases the probability from the profitable percentage and decreases the loosing percent. 1 has to retail outlet for best phone numbers and there are much more discrepancies in amount of diverse sports at various sports activities guides.

An individual have to stay away from playing even though less than impact this may cause the human brain of your person to go blank and stop him/ her from dreaming past. You will find an additional group of people who solely bet to make a fortune.

Money administration will be the most important aspect inside the sports betting. Here are handful of sports activities betting guidelines which might assist one generate income and generate living from well-liked pastime.

Click here to Go Sports betting professor Official Site

Your rating: None. A number of people today bet just for entertaining and to generate a particular sport far more thrilling whereas other would really like to bet on the favorite teams. Couple of folks merely bet on the sport regardless of profitable or sacrificing the bet.

Sports activities betting involve great deal of property function and persistence. The 2nd important matter may be the buying for figures. The very first factor that a single has to has to be aware of is not to exceed the reduce what may be misplaced. Even though 1 thinks that you simply fall beneath the first two classes which can be referred to squares by the folks inside the sector. Even so the squares bet only inside afterwards portion of your day time and only go in towards the favorites.

You’ll find several factors why folks choose sports activities betting

Zhu Zhu Pets Cyber Monday 09′ details

Squiggles, Pipsqueak, Num Nums or Chunk that may be the best way to go on Cyber Monday or after then.

If you’ve seen the Zhu Zhu pets available anywhere online for a good deal, feel free to leave comments below!

Lucky customers on Black Friday who were in line at Toys R Us were entitled to pick up one Zhu Zhu hamster per customer.  The toy retailers also has claimed they will be stocking the toys regularly throughout the month, so Toys R Us, Walmart and local toy shops remain your best bets beyond getting Zhu Zhu Pets on Cyber Monday. 

. The Zhu Zhu pets hamsters continue to top the wishlishts of children all over, with parents scurrying just like the electronic toys just to find them in stores.  Unfortunately, most stores sell out as soon as the clever little gadgets hit the store shelves, and parents are left out of luck.  Smart buyers turn around and sell the items online to make a quick buck, which is unfortunate for those who have to shell out more dough to get these popular toys.  So are there any Zhu Zhu Pets Cyber Monday deals?  Further, are there Zhu Zhu pets available online?

While the electronic hamsters tend to sell for under $10 at stores like Walmart, Toys R Us and Target, they’re consistently listed as out of stock online.  This has created the whole supply and demand concept in full effect, allowing sellers to get extra money from desperate shoppers.  Amazon.com offers Zhu Zhu pets here for anywhere from $48 to $60 per hamster.  So if you want to pickup Mr

NASCAR, Daytona, and books for the youngest motor sport fans – San Francisco Fiction’

If children are interested in the topic they are reading about, they are more likely to stay engaged with the reading material. The 2.5 mile track and the 43 top drivers can be seen in The Great American Race on Fox (channel 2 in Humboldt county, channel 2 in the San Francisco Bay area, and channel 38 in the Redding area).

NASCAR ABCs by Paul DuBois Jacobs, Jennifer Swender, and Aaron Zenz (Gibbs Smith, 2007) From air wrench to crew and all the way through the entire alphabet, beginning readers will get full explanations of what goes on at the track.

Learn more about the Daytona 500 with these fun facts

. Kelley (Reader’s Digest, 2005) This board book complete with race track sounds, focuses on the Interstate-sponsored driver and his number 18 light green car.

NASCAR is a great way to get young fans interested in books. If a child likes NASCAR and racing, they will enjoy these NASCAR-themed books for young fans about ages 3 – 5.

Follow Cindi on Pinterest

NASCAR’s Daytona 500 is the beginning of the racing season and fans will be watching from the stands in Daytona, Florida and from living rooms and sports bars around the world. The Sprint Cup race gets under way on Sunday, February 26 at 12 p.m.

Follow Cindi on Twitter

NASCAR drivers on the track in Daytona, Florida

Jerry Markland/Getty Images for NASCAR

Follow Cindi on Facebook

Wild Wheels! by NASCAR and Doug Chezem (Reader’s Digest, 2004) This lift-the-flap book will have young readers discovering what it looks like under the hood of a race car, behind the wheel as a driver, and more.

Learn more about Danica Patrick, a female NASCAR driver

NASCAR 1-2-3s by Paul DuBois Jacobs, Jennifer Swender, and Aaron Zenz (Gibbs Smith, 2008) From how long a car is in the pit to get a tire changed to how many cyclinders a race car has, all the NASCAR numbers are here to help little fans learn to count.

Tony Stewart on the Fast Track by Bob Woods (Reader’s Digest, 2005) This board book complete with race track sounds, focuses on the Home Depot-sponsored driver and his number 20 orange car.

My Big Race by Roger Audette, Lance Raichert, and Paul E. Nunn (Bendon Publishing, 2005) What happens on race day? Young readers find out in this book all about attending their first race.

NASCAR Cars, Drivers, and Racers by NASCAR (Reader’s Digest, 2004) This board book comes complete with a carrying handle so it can be taken anywhere.

Make sure to SUBSCRIBE to the San Francisco Children’s Fiction column so you can get each new article delivered to your email.

Bobby LaBonte on the Fast Track by K.C. ET

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Internet Gambling Debate Rages on Capitol Hill

Bachus, wrote to Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner, strongly urging them to deny the PPA’s eleventh-hour bid to redefine what constitutes illegal gambling so as to clear the way for banks to do transactions with online poker sites.

Rep. He will testify on the federal tax revenue implications of legalized online gambling. The lobbying is intense, and the stakes are high – by some estimates the Internet gaming industry generates as much as $6 billion a year in profits – and no one on either side of the debate appears ready to fold.

Implementation of the law has been subject to numerous delays, including a six-month postponement granted in November by the Fed and Treasury, partially at the behest of Rep. Frank and Sen. Compulsive gambling, by many accounts, is a very serious, growing problem.”

Among the many recent developments in this ongoing battle royale:

Meanwhile, in an exclusive interview with ABCNews.com on Tuesday, Rep. “Young people are particularly vulnerable – we don’t want to put a casino in every dorm room in the country. Frank is sponsoring HR 2267, the Internet Gambling Regulation, Consumer Protection, and Enforcement Act, to establish a framework for the legalization of online poker and other casino-type gambling.

“Internet gambling is the crack cocaine of gambling,” Bachus told ABCNews.com. Barney Frank, D-Massachusetts, are going all in, pushing for the legalization of some of the most popular forms of online gambling. Spencer Bachus, R-Alabama, the Ranking Member of the House Financial Services Committee, said he would do everything in his power to stop the legalization of Internet gambling, specifically singling out online poker.. Harry Reid, D-Nevada.

“Why is it OK for a group of friends to sit around the kitchen table and play a friendly game of poker, but not OK for people to play over their computers?” asked former New York State Republican Senator Alfonse D’Amato, now the chairman of the PPA.

The Poker Players Alliance, a Washington, D.C.-based lobbying organization, petitioned the Federal Reserve and the Department of the Treasury to exempt online poker venues from the Unlawful Internet Gambling Enforcement Act, which takes effect June 1. Depending on which side produces these estimates, tax revenues from online gambling could range anywhere from $10 billion over ten years to more than $800 billion over five years.

Al D’Amato at the Table

Defenders of online poker, specifically the PPA, argue that everyday citizens should have the right to enjoy a simple American pasttime, regardless of whether they are in the backroom of a barbershop, or in cyberspace.

With just two weeks to go before a federal law aimed at quashing Internet gambling takes effect, a handful of House Democrats, including Rep. Frank, the powerful chairman of the House Financial Services Committee, is scheduled to appear today before the House Ways and Means Committee. Passed by a Republican-controlled Congress in late 2006, the act prohibits the use of any banking instrument — such as a credit card, check, or electronic funds transfer — from being used for illegal online gambling transactions.

Last week, a cadre of GOP lawmakers, led by Rep