G2E to shine spotlight on Internet gaming

Mar 29, 2005 8:31 AM

The latest trends in Internet gaming and its worldwide legal status will be showcased in a new pavilion at Global Gaming Expo (G2E), scheduled for Sept. 13-15 in Las Vegas.

The new pavilion — a designated area with displays, kiosks and manned information booths — will be supported by exhibitor displays and conference sessions within G2E’s comprehensive education program.

"The gaming industry is continuing to evolve, and we are constantly working to develop new exhibits and conference content focused on emerging issues affecting the bottom line," said Frank J. Fahrenkopf, Jr., president and CEO of the American Gaming Association (AGA). "G2E is designed to give gaming executives the tools to succeed, and highlighting these new areas is just one of the many ways G2E helps attendees prepare for the future."

Even though online gaming is unregulated in the United States, it accounts for more than 3 percent of global gaming revenues, and legislation in the online gaming sector continues to evolve.

G2E’s iGaming Business Pavilion will offer a comprehensive look at online gaming, with access to the providers, service professionals and products necessary to initiate and manage an interactive gaming service.

A joint effort between G2E and iGaming Business magazine, the pavilion will showcase online skill gaming providers, interactive poker vendors, online poker room operators and other Internet gaming practitioners.

It also will feature leading service providers such as law firms, online gaming auditors, financiers, specialty jackpot insurers, online payment solutions, Internet security specialists, player verification specialists and facility managers.

"G2E will allow people to see what this technology is all about and get a better understanding of where this segment of the industry is headed," said Michael Caselli, iGaming Business editor. "Lawmakers in several jurisdictions in the United States and abroad are considering proposed changes to existing online gaming legislation, which will greatly expand opportunities in this arena."

According to Media & Entertainment Consulting Network (MECN), more than 60 percent of industry experts surveyed believe that online poker will be the dominant offering in online gaming for the next two to three years.

The amount played on poker web sites around the world in 2005 is expected to climb to more than $60 billion, with commission revenues reaching about $3 billion.

The Wall Street Journal estimates overall revenue for the roughly 2,000 online gaming operators will reach $9.8 billion this year, up from $7.5 billion in 2004 and $5.7 billion two years ago.

The new interactive gaming pavilion will be located on the G2E main floor, and will be complemented by a conference track addressing issues such as the current state of domestic regulation, the trend toward mobile gaming, the latest products and perspectives on international regulatory affairs.

"The experience at the iGaming Business Pavilion will be one of total immersion into the world of interactive gaming," said Courtney Muller, G2E’s industry vice president and show manager. "It will be a showcase of A-list providers, which will allow firms interested in the space to hand-pick the providers and service professionals necessary to get their gaming service up and running."