News
Here is where you will find all the news, we have published in one spot to read and explore all aspects of the gaming industry. The latest news reports across the gambling market is available to keep our customers in the loop!
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Gambling News
Neteller Issues Press Release, Working To Return Funds
PRESS RELEASE 8 February 2007 – NETELLER Plc (LSE: NLR), the leading global independent online money transfer business, today issued the following update with regard to its US business and criminal charges against two of its founders. -
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Gambling News
US Gambling Legislation Affects Lasseters Bottom Line
Australian IT Ben Woodhead FEBRUARY 08, 2007 ONLINE casino Lasseters has suffered a 35 per cent slump in first half revenue after changes to gambling laws forced the company to fold its US operations in October last year. Lasseters also swung into the red in the six months to December 31 as US income dried up and high technology depreciation costs turned a $823,531 net profit a year ago into a $4.9 million loss. The company’s $7.1 million pre-tax loss included $6.
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ANTIGUA WILL LOOK TO EU FOR ONLINE GAMBLING SUPPORT
Antigua Sun Tuesday February 06 2007 The position of a senior European Union official that America’s Unlawful Internet Gambling Enforcement Act is “protectionist” has sparked the attention of Antigua & Barbuda gaming officials.
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Gambling News
US Trying To Link Online Gambling To Terrorism
LAS VEGAS BUSINESS PRESS BY BOB SHEMELIGIAN The chips are down for principals in online gambling operations, and the cyberspace scenario is probably going to get worse.
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Gambling News
YouTeller Claim Of Certification In Doubt
eGaming Review A new payments processor which says it will be open for business in March this year appears to be falsely claiming to be certified by the UK Financial Services Authority (FSA). YouTeller claims on its website to be a trademark of a company called Seed Capital Ltd, and gives an address in east London.
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Online Gambling Ban Brings Back Bookies
The Salt Lake Tribune By Peter Sanders The Wall Street Journal Today, a 28-year-old Hollywood assistant named Seth plans to enjoy the Super Bowl in the same way millions of other football fans will – he’ll bet on it. How, exactly, will he wager that $100 burning a hole in his pocket? One thing he knows for sure is that he won’t do it legally. Trekking to Vegas for the weekend is out of the question.
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Congress Made Bad Call On Online Gambling
Daily Breeze February 4, 2007 The best bet would be for the government to lift the online gaming ban and instead license, regulate and tax Web sites that seek American bettors. Daily Breeze editorial Super Bowl Sunday is a good time to examine the federal government’s hypocritical relationship with gambling. Betting at Native American casinos on federal land is fine. Wagering in Nevada and New Jersey is OK, too. State lotteries are great.
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US DOJ Actions Effectively Freezes Neteller Customer Funds
USA TODAY By Jon Swartz, USA TODAY SAN FRANCISCO — The federal crackdown on online gambling has tied up the funds of thousands of U.S.
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Gambling News
Judge Rules Against Online Gambling; Upholds Monopoly Israel
PANORAMA A precedent-setting ruling was delivered this week against online poker and online gambling in the Israeli court case involving Gibraltar-based online bookmaker Victor Chandler’s CEO Michael Carlton, effectively banning online gambling companies from delivering any services to Israeli customers.
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New Payment Processor 'YouTeller' Touted As Neteller Replacement For Online Gambling
NewswireToday - /newswire/ – London, United Kingdom, 01/30/2007 – Shortly after Neteller announced its decision to pull out of the US gaming market on January 18, the London-based technology company Seed Capital Ltd. introduced a new payment processing service ‘YouTeller.com’. “We will start in March with a revolution in simplicity of worldwide online payments.
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Gambling News
House Bill 1243 Introduced To Remove Felony Language in Current State Legislation
Strow Introduces Bill 1243 into Washington State Legislature Press Release – Washington House Republicans 10th District legislator introduces bill to provide an affirmative defense to the Class C Felony created by 2006 internet gambling bill Rep. Chris Strow, R-Whidbey Island, today announced his legislation, House Bill 1243, to quash the felony charge language in last year’s legislation addressing in-home internet gambling.
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eCOGRA Releases Results From Study Of Online Gambler
WORLD’S LARGEST STUDY OF THE ONLINE GAMBLER REVEALED (Press Release and eCOGRA Global Online Gambler Report can be downloaded at eCOGRA) The first comprehensive picture of the ‘average’ online gambler emerges today from a huge new research project involving nearly 11,000 players from 96 countries.
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US Suffers Setback - WTO Panel Ruled 'US Did Not Comply With WTO Ruling' Regarding Online Gambling
REUTERS By Doug Palmer Thu Jan 25, 2007 7:01pm WASHINGTON (Reuters) – The United States has suffered a new setback in a four-year-old legal battle with Antigua and Barbuda over U.S. restrictions on Internet gambling, a U.S. trade official said on Thursday. At issue is an April 2005 World Trade Organization ruling against U.S. prohibitions on online horse race betting. Since then, the U.S.
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Gambling News
UK Online Gambling Shares Take A Beating After US Probe Announced
SCOTSMAN.COM By Pete Harrison EXCERPTS: LONDON (Reuters) – Shares in European online gaming firms tumbled by as much as 9 percent on Monday following news U.S. prosecutors had launched a probe into Internet gambling. Analysts said U.S.
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Online Gambling Companies Take Direct Hit, Stock Prices Plunge
MARKET WATCH – DOW JONES By Sarah Turner, MarketWatch Last Update: 9:34 AM ET Jan 22, 2007 LONDON (MarketWatch) – Shares in online gambling companies PartyGaming, SportingBet, 888 Holdings and Empire Online slipped once more in London on Monday after published reports that the U.S.
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Gambling News
OUTRAGE FROM UK AS US TARGETS BANKS OVER ONLINE GAMBLING
TIMES ONLINE Rhys Blakely Senior bankers and leading politicians have attacked demands from the American Department of Justice for British bankers to hand over details of their dealings with online gambling companies outlawed in the US.
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Gambling News
US DOJ ORDERS WORLD BANKS TO SURRENDER RECORDS ON ONLINE GAMBLING OPERATIONS
THE SUNDAY TIMES – TIMES ONLINE January 21, 2007 By: Jenny Davey THE US Department of Justice has ordered the world’s biggest investment banks, accountants and law firms to hand over all e-mails, telephone records and papers connected with internet gaming firms as part of an investigation into illegal online gambling in America.
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OTHER ONLINE GAMBLING E-WALLETS EXPECTED TO FILL NETELLER VOID IN U.S.
HERALD TRIBUNE The Associated Press Published: January 18, 2007 LAS VEGAS: Though payment processor Neteller PLC is the latest and largest such company to pull out of the lucrative but illegal U.S. online gambling market, industry observers said other e-wallet sites would come forward to take its place… …The arrests were the latest in a series of enforcement actions by the U.S. government against the online gambling industry.
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ONLINE GAMBLING'S NETELLER STOPPED BUSINESS IN US 12:O1 AM
HOUSTON CHRONICLE – cron.com Jan. 18, 2007, 3:43AM By ROBERT BARR – Associated Press LONDON — Neteller PLC, a Britain-based online money transfer business, said Thursday it is ceasing to handle gambling transactions from U.S.
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NETELLER EXECUTES COMPLETE WITHDRAWAL FROM US MARKET
EGAMING REVIEW Neteller has announced its complete withdrawal from the US gambling transaction market with immediate effect. Fellow payments processor Citadel has also announced its official exit from the US. The Neteller news came in a trading statement to the London Stock Exchange this morning. It comes two days after founders and former directors Stephen Lawrence and John Lefebvre were detained by US authorities and charged with money laundering related to online gambling.
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NETELLER FOUNDERS CHARGED WITH MONEY LAUNDERING
EGAMING REVIEW Neteller founders Stephen Lawrence and John Lefebvre have been charged with money laundering offences by the US Attorney General in the Southern District of New York.
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Online Poker Pioneer Increases Shareholdings In Spite Of Slump
TIMES ONLINE Empire Online has had a torrid time along with the rest of the online-gaming sector following the passing of legislation in America that has in effect banned internet gambling. Last year’s reversal triggered the departure of non-executive chairman Leonard Steinberg, and halted the group’s US business, which it said will have a “material” impact on future earnings.
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JACKPOTJOY OWNERS CONSIDERING £200m TAKEOVER BID
TIMES ONLINE – THE SUNDAY TIMES January 7, 2007 Matthew Goodman THE company that owns the Jackpotjoy online gaming site is in talks with an American casino group about a possible £200m takeover. A deal would create fortunes for Gamesys’s three founders, who own about two-thirds of the company, and would bring huge windfalls for the firm’s 51 staff, who own most of the rest of the business.
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Progressive Jackpot Slots Winner Scores $1,745,475 on King Cashalot
$1,745,475 Progressive Jackpot Hit on New Years Eve at Captain Cooks Casino Captain Cooks Casino, a flagship member of the Casino Rewards group http://www.casinorewards.com has done it again with the largest USD progressive jackpot ever won. Captain Cooks Casino is proud to announce one lucky player collected a whopping $1,745,475.28 from the popular progressive slot game King Cashalot on New Years Eve.
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CASINO SOFTWARE PROVIDER & ONLINE GAMBLING CASINO STRIKE DEAL
Yahoo!Playtech Announces New Software Licensing Agreement With PartyGaming Plc (‘PartyGaming’)Tuesday January 2, 7:05 am ET DOUGLAS, ISLE OF MAN, England, January 2 /PRNewswire-FirstCall/ — Further to the statement issued by PartyGaming on Friday 29 December 2006 on the acquisition of certain businesses and assets from both Empire Online Limited (‘EOL’) and Intercontinental Online Gaming Limited (‘Intercontinental’), Playtech (AIM: PTEC) is pleased to a...
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ARTICLES REPORT ONLINE GAMBLING FIRMS IN 'RECOVERY'
THE REGISTER By Burke Hansen in San Francisco Friday 29th December 2006 12:01 GMT House of Cards – A recovery in the online gaming economy act is gaining traction, according to several reports.
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RECAP OF EVENTS THAT COST ONLINE GAMBLING INVESTORS BILLIONS
THE BIRMINGHAM POST Dec 29 2006 Investors who gambled on the online gaming sector this year lost billions after the US effectively outlawed internet betting. Law-makers in Washington called “no more bets” when they forced through the controversial Unlawful Internet Gambling Enforcement Act on the back of an unrelated Bill enhancing port security. It came after two British gaming executives were arrested on American soil as the US raised the stakes against the industry.
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PARTYGAMING DEALING IN ONLINE GAMBLING PROPERTY
THE TELEGRAPH (www.telegraph.co.uk) By Richard Blackden Last Updated: 6:38pm GMT 29/12/2006 Troubled Internet gambling group PartyGaming says the acquisition of assets from smaller rival Empire Online for about $66m will immediately lift profit next year. In the first round of consolidation in the industry, PartyGaming is buying several assets from Empire, including NoblePoker.com, EnterCasino.com and Carnivalcasino.com.
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ONLINE GAMBLING'S PARTYGAMING ACQUIRES EMPIRE'S ONLINE ASSETS
THE GUARDIAN Jane Martinson and Simon Bowers Thursday December 28, 2006 PartyGaming is to acquire the gaming assets belonging to its smaller rival Empire Online in a deal that could be announced as early as today.
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HARRAH'S ENTERTAINMENT SAYS OK TO BUYOUT BID
USA TODAYUpdated 12/19/2006 5:31 PMBy Ryan Nakashima, Associated Press LAS VEGAS — Harrah’s Entertainment (HET), the world’s largest casino company, said Tuesday that its board has accepted a $17.1 billion buyout offer from two private equity groups. The agreement with Apollo Management Group and Texas Pacific Group for $90 per share includes the assumption of $10.7 billion in debt, and is the largest deal ever to take a publicly held casino company private.
