Massachusetts Gaming Software Developer Supports Internet Poker Amendment

News provided by

CIDC

25 Apr, 2012, 02:51 ET

CAMBRIDGE, Mass., April 25, 2012 /PRNewswire/ -- Last week's Internet poker amendment proposed by State Rep. Daniel Winslow, R-Norfolk, finds support from local high tech companies, including Cambridge Interactive Development Corporation (CIDC), a Cambridge-based software developer for online poker in legalized European markets.

"This legislation is an important step forward for the Commonwealth, its residents, and Massachusetts-based high-tech companies.  The amendment provides for extensive consumer protection, high-value job creation, and significant revenue for funding the state," said Tim Dent, CEO of CIDC. "As a company that has developed online poker software for many overseas markets and complied with online gambling regulations in many nations, we believe this amendment strikes the proper balance between rigorous oversight and creating a sustainable market."

Given that online gambling in the United States represents a $12B market, according to a Goldman Sachs report[1], and a recent study[2] for the Florida legislature estimated that online poker could raise $90M per year in revenue for state governments, any development to legalize it will result in significant opportunities for the states that regulate and encourage job creation in this industry.

CIDC has communicated their support to Representative Winslow during the drafting process and is actively monitoring legislation in Massachusetts as well as other states such as New Jersey and Nevada where legislatures are considering legalizing online poker.

About CIDC
CIDC is a Cambridge-based software development company that develops online gambling software for several leading European and Asian online gaming operators, most predominantly Everest Poker and BetClic Poker.  Founded 15 years ago in Cambridge, MA, CIDC employs over 200 people worldwide, with approximately 150 located in Massachusetts.

For Additional Information or Press Queries, contact
Katie Doyle, Marketing Manager 
CIDC
150 CambridgePark Drive
Cambridge, MA 02138
PHONE: 617-758-3559
EMAIL: [email protected]

[1] "Goldman Sachs: PartyGaming, 888, Playtech, bwin to Surve on Legal U.S. eGaming," eGaming Review, June 30, 2009
[2] "Legal Online Poker Could Raise $90M a Year, Florida Told," eGaming Review, November 16 2009

SOURCE CIDC

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