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!
For specific gambling news please check out our list of categories.
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Gambling News
PartyGaming Cashing In; could become an Attractive Acquisition Target
You heard it right, the chief executive at PartyGaming, Mitch Garber, as part of his planned series of share sales, has cashed in options worth more than £1.7m towards gifting the company’s employee trust a raft of shares to be awarded to employees. Party’s recent discussions with the US authorities, from an analyst’s note that was issued, could pave the way for the company to be snapped up by a US gaming or Internet giant. -
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Gambling News
Japan and India Join in Filing WTO Complaint against U.S.
The waters are getting choppy between the East, West and the Caribbean against the U.S. banning Internet gambling to U.S. players and their U.S. funds going to other countries. Geneva-The Caribbean nation of Antigua and Barbuda, yesterday said; that for the United States’ failure to comply with a World Trade Organization ruling that it’s Internet gambling restrictions are illegal, the U.S. should face commercial sanctions worth more than 3 billion U.S.
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Gambling News
EU Joins Antigua in Complaint against UIGEA
How much will it take before the ban is lifted on U.S.
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Gambling News
Neteller Hopes To Announce Further Progress by July 13th
Well the expected announcement from Neteller regarding the release of funds from US accounts arrived and the expected details of prompt money distribution did not.
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Gambling News
Testimony Given To House Committee - "Online Gambling Can Be Regulated In The US"
Representative Barney Frank delivers as promised, taking the subject of online gambling to the House Committee on Financial Services last week.
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Gambling News
Online Gambling Arrests Impact Industry
The GIGSE or Global Interactive Gaming Summit & Expo as its formally known, is usually the online gaming industry’s biggest event, last year drawing 1800 attendees. Then came the arrests of online gambling executives while in the US and the attendance at this year’s GIGSE drew about half that amount.
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Gambling News
Neteller Deadline Arrives For Plan To Distribute Funds To US Customers
Way back in March, Neteller announced that it had signed an agreement with USAO and Navigant to outline terms and a timeline that Neteller would use to re-distribute the confiscated funds of its US customers. “The Group is pleased to announce that on 20 March 2007, it signed agreements with the USAO and Navigant which, among other things, outline terms and a timeline under which NETELLER will work toward the orderly distribution of funds to its US customers.
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Gambling News
Online Casino PartyGaming Volunteers Information to US Dept of Justice
Bloomberg reports that PartyGaming has been voluntarily having talks with the US Department of Justice about their activities before the UIGEA was signed last year. “…the world’s biggest Internet poker company said it has held discussions with the U.S.
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Gambling News
Will European Union Stand Against US And With Antigua In Online Gambling Battle?
June 19th marks the next in a long line of deadlines for Antigua and Barbuda in their battle against the only remaining super power on the planet. The small twin islands challenged the US stance against online gambling in a WTO court and after a 4 year battle was declared victor.
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Gambling News
Presidential Candidate Questions US Treasury Dept About UIGEA Delays
Presidential hopeful Sen.
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Gambling News
Betex Execs Resign Over Possible Chinese Prosecution
Following the arrest in April of three of Betex employees by China for allegedly being involved in illegal gambling, Peter Greenhill and Stuart Barker, the chief executive and finance director at Betex, resigned after failing to receive assurances from the Chinese authorities that they would not be arrested if they entered the country.
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Gambling News
Guilty Of Federal Racketeering Charges Says BetOnSports
According to U.S. Attorney Catherine Hanaway and in a move that stunned the online gambling sector, BetOnSports PLC pleaded guilty to federal racketeering charges.
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Gambling News
InterActive Gaming Council Gets New Chief
The Interactive Gaming Council (IGC), which has as one of it’s corporate missions to promote and publicize the Gaming industry’s assets has appointed John Fitzgerald as its new chief executive. eGaming Review reports that Fitzgerald, who previously worked as general counsel at CryptoLogic, said he intended to redouble in his efforts to promote international regulation of the industry and that the sector was already very active in ensuring a safe environment for its customers.
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Gambling News
Can Antigua Survive US Attacks On Online Gambling and Offshore Finance
Ronald Maginley, columnist for the Antigua Sun, and spokesman for Antigua Offshore Gaming Association talked about Antigua, Barbuda and the WTO in his column today (the first of two installments) detailing the current battle being fought by Antigua against the US. Most of the information is common knowledge, having been headlined throughout Antigua’s long 4 year battle against the US.
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Gambling News
Carve Outs In UIGEA Means Racetracks Can Offer Online Gambling To Non-US Citizens
Bob Evans, CEO of Churchill Downs, told a group at their business luncheon that Churchill Downs and the Kentucky Derby could be the ‘new online casinos in the future catering to non-US citizens’.Mr. Evans said his company is allowed to have an online presence because of the exemption for Internet horse wagering put in the UIGEA. He emphasized his company would be allowed to offer casino and gambling games outside of horse racing if they offered them to non-US citizens.
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Gambling News
Frist and Leach On 'World Bank President' List
Paul Wolfowitz, President of World Bank, announced he would resign his position by the end of June, leaving under a dark cloud that stemmed from a controversy regarding a $50,000 pay raise with a guarantee of further raises and promotions that he engineered for Shaha Ali Riza. Ms. Riza is also employed at World Bank and is and has been Wolfowitz’s girlfriend since before his assignment as President.Wolfowitz was appointed President of World Bank by President George W. Bush.
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Gambling News
Online Gambling, David Carruthers and UIGEA - Dominique Speaks Out
During a discussion on the aggressive stance David Carruthers and his legal team has undertaken in response to his arrest in connection with online gambling site BetOnSports, Games and Casino’s own Dominique expressed her views on actions, catalysts and free speech. “We sorely need injured parties like the UK to speak up. David C. has the right idea, he appeals to the various affected British channels. The EU also has a bone to pick with the US regarding this.
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Gambling News
Over $78 Million Neteller, Citadel and FirePay Funds Siezed By DOJ
By now most people with an interest in online gambling know about the arrest of the Neteller founders and the confiscation by the US DOJ of over $55 million of customer funds said to be in transfer through US financial institutions at the time of the arrests.
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Gambling News
David Carruthers, Ex CEO of BoS Prepares For Battle
There’s a great article at Covers.com that discusses the battle David Carruthers, ex CEO of BetOnSports, is preparing for in a US court of law. Games and Casino reported earlier this week that Carruthers had sent a letter to BoS advisors and politicians asking the UK for help. “…Carruthers is the former CEO of U.K.-based sportsbook, BetonSports.com.
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Internet Bingo
Bingo.com Posts 1st Quarter Results
It was a rough first quarter for a lot of online gaming companies based in the UK and Bingo.com was no exception. ANGUILLA, BRITISH WEST INDIES — (MARKET WIRE) — 05/15/07 — Bingo.com, Ltd. (OTCBB: BNGOF), operator of the World’s largest online bingo hall, today announced its financial results for the first quarter ended March 31, 2007.
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Internet Bingo
Parlay Records 9th Consecutive Profitable Quarter
Parlay Entertainment announced via Market Wire another profitable quarter, making it the 9th quarter in a row to show profit. OAKVILLE, ONTARIO — (MARKET WIRE) — May 15, 2007 — All amounts in United States Dollars Parlay Entertainment Inc.
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Gambling News
David Carruthers, BoS Ex-Boss, Asks UK For Help
Just in from eGaming Review are reports that “David Carruthers, ex-chief executive of BetonSports, has sent a letter asking for individuals at the company’s former advisers to lobby the UK government, the EU and UK and European Members of Parliament on his behalf as part of his attempts to use the recent WTO decision as part of his defence.
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Gambling News
New Google Program Compiles Psych Profile of Online Players
Google has submitted a patent request (US and Europe) for a new program that compiles psych profiles of online ‘gamers’. The thought behind the program is that a player’s in-game behavior provides insight into that player’s personality type. Traits like honest or dishonest, passive or aggressive and includes their personal preferences.
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Gambling News
Bwin Betting On Czech Gamling Increasing
Czech Business carried an interview with Bwin Interactive regarding the Czech government’s stance on online gaming and Bwin’s successful European operations. “Foreign online gambling companies are betting they’re onto a Czech business jackpot because government officials will never be able to stop their Internet activities run from abroad.
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Gambling News
Former Senator Calls For Regulation Of Online Poker
Poker Players Alliance recently hired Alphonse D’Amato to act as their spokesman for the PPA. In an article by former Senator D’Amato and carried by the Boston Herald, he discusses government’s biggest blunders, self-serving politicians and outrageous legislation; all of which apply to the UIGEA. “Perhaps the biggest government blunders in U.S.
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Gambling News
Petition To Repeal UIGEA Has A New Goal
CasinoGamblingWeb announced recently they have a new goal.
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Gambling News
DOJ Indicts 4 Companies, 7 People in Latest Online Gambling Crunch
The news out of Las Vegas, according to the Las Vegas Sun, is that charges have been brought against 7 people and 4 companies who stand accused of processing payments for illegal internet gambling. According to the indictment, the 7 defendants live in Las Vegas and 2 of the 4 companies are based out of Salt Lake City.
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Internet Bingo
ABC Gives Bingo Playing Viewers Chance To Win on National Bingo Night
Want to play bingo but just doing feel like going out? Starting Friday you’ll have two different alternatives! You can play bingo online OR you can watch and play ABC’s new game show ‘National Bingo Night’. National Bingo Night is a high-energy, truly interactive game of luck based on the hugely popular American pastime.
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Internet Bingo
2007 Good Year for Online Bingo, Online Bingo Summit Announced
Online bingo is a hot spot in the online gaming arena and the place to be in the online bingo world is Europe, which is discussed in the press release at Newswire Today NewswireToday – /newswire/ – London, United Kingdom, 05/11/2007 – Online Bingo is experiencing fantastic growth right now with some startling market statistics.
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Gambling News
Chinese Govt Raids Online Casino, $519 Million In Bets Confiscated
Shanghai Daily reported the investigation and arrest of an online casino in which 5 shareholders of the company and 11 senior members were arrested.
