Gambling News
Want to know what is going on in the gambling industry? We got the leading edge, delivering inside stories on land based and online casinos. Be in the know with local and international news that are making headlines.
Bringing awareness regarding new sites, properties, gaming software, licenses, merging, games, etc. is what we are all about.
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Gambling News
First State-to-State Wide Area Progressive Gaming
This is a network linking Indian Casinos Nationwide! LAS VEGAS, NV, Oct 28, 2009 (MARKETWIRE via COMTEX) — ATIG | Quote | Atlantis Internet Group Corp. (PINKSHEETS: ATIG | Quote | announced today that it would launch the nation’s first intertribal, state-to-state, wide-area progressive gaming network linking Indian Casinos nationwide. Progressive gaming means that a percentage of the money played by each player in any of the casinos in the network is added to a combined jackpot. -
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Can They Raise the Stakes In Atlantic City?
Atlantic City… the name brings to mind images of glistening casinos, bright light and never ending excitement. A few years ago, that image would have been true. Today, however, is another day. Fortunes have changed and the gaming machines stand silent, and one casino, Harrah’s, is offering to send their frequent gamblers out west to Las Vegas.
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Preemptive Strike on UIGEA Rules Launched by Barney Frank
I am sure all the banks and financial institutes are awaiting the decision on this one. The big day is quickly approaching to start the implementing of the UIGEA rules. Representative Frank has put his attention back on this after all the other urgent matters that had to be put first.Frank along with 18 others sent a formal letter of request to Timothy Geithner, the Treasury Secretary and to Ben Bernanke, the Federal Reserve Chairman.
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Gambling News
Dikshit is Selling PartyGaming Shares
Makes you wonder if he is doing this to pay off his debt to the US Treasury. Maybe he thinks this will lighten his sentence. We will see what happens. LONDON, England — As reported by Bloomberg: “PartyGaming Plc founder Anurag Dikshit will sell up to 75 million shares in the company through his Crystal Ventures Ltd.
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More and More States are Betting on Gambling to Boost Economy
With more states are opening up to the idea of gambling as a way to help with the economy.
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Land Based Gambling Shifting to Online?
This is a question that land based casinos are asking themselves, especially since Vegas saw revenues drop for the twentieth month in a row. October 14, 2009 (CAP Newswire) — Bad news disguised as good news? Reports continue that the status of land-based casinos, particularly in U.S. gambling mecca Las Vegas, are continuing to plummet. In August alone, the casinos dropped 9.3 percent in revenue, representing the 20th straight month of losses.
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Shares Plunge in Macau Gaming
The government of Macau has caused the financial world a mild heart attack. They have announced that they were going to raise the minimum entry and employment age for the casinos from 18 to 21. They also announced a cap to the total number of gaming tables in Macau and also relocated slot machines to commercial areas. By the middle of this year, there were 4390 gaming tables in Macau.
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Gambling News
Could This be Bad News For Industry From China?
The economic turndown in the world economy has hit everyone, including the gaming industry. In Las Vegas, convention business was down 30.2 percent for the past year. Visitors to Vegas were down 3.7 percent, for 15 consecutive months for falling numbers. Room occupancy was down 6.2 percent for the last year.
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Progressive Jackpot Major Millions Hitting Below Normal
The big question on the minds of progressive jackpot online slot game high rollers is: are recent events just an aberration or is it a changing in the game. Two of Microgaming’s biggest online PJP slots have recently been hit for far less than their normal averages. The two games hit this month are Major Millions and Mega Moolah.Major Millions hit a few days ago for just over $300,000.
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France’s National Assembly Passes Bill That Forces to Re Register Players
France has passed a new amendment to their law regulating online gaming which goes into effect next year. It forces online gaming operators to close out the accounts of their French players when the law takes effect. They will then have to apply for a license to open new accounts for French players 5 to 6 months later in May or June of 2010.
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Gambling News
Sports Minister from Poland Quits In Middle of Gambling Law Inquiry
Miroslaw Drzewiecki, Sports Minister of Poland, resigned his position Monday amid allegations of corruption. His name was mentioned in transcripts in connection to an anticorruption investigation. He is alleged to have tried to use his influence to help pass a new gambling law benefiting the gambling industry. The transcripts were of recorded conversations between a member of parliament and the owners of gambling companies.
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Gambling News
Millions Spent by Casinos for Big Losers Feel Like Winners
Now when you read this you will say “Now does this help people with problem gambling?” I really do not see how. By rewarding an addict is not helping them. I think they should try to help these players instead or rewarding them. Recently, a gambler in Canada reportedly lost $1.2 million in a gambling spree that lasted less than 2 years.
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Gambling News
Barney Frank and Other Members Ask for Delay Implementing UIGEA Laws
This letter was sent to the Treasury Secretary asking the to postpone the implementation of the UIGEA Laws. We give another big thumbs up for Mr. Frank and his stand with us on the UIGEA and the enforcement of this impossible law. Washington, DC – Financial Services Committee Chairman Barney Frank (D-MA), Homeland Security Committee Ranking Member Peter King (R-NY), Financial Institutions Subcommittee Chairman Luis V.
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Gambling News
David Carruthers Changes Guilty Plea
This makes all of us wonder why he pled guilty in the first place.
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Online Gambling Legislation Will Fail Says Some Experts
Our government at work, it is a glorious and wondrous sight. Health care reform, probably. Economic overhaul, sure. Internet gambling regulation and legalization, many experts say not likely. Tony Cabot, former President of the International Masters of Gaming Law Association, says that with all the other work before congress, it is unlikely that gaming reform, with its small economic footprint, will be given any consideration. Internet gambling is not going to be a high priority.
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Gambling News
Internet Gambling Revenue to Help Fund Health Care Reform?
This was sent out today from Safe and Secure Internet Gambling Initiative.
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Gambling News
Owner of Lucky 18 Casino Arrested in Israel
Hold on to your socks, the wars against online gaming are spreading far and wide. On Thursday night, Asi Vaknin, Naftali Goldman, and Yonatan Grimberg were arrested in Israel by detectives from the police International and Serious Crimes division. They are suspected of money laundering and Vaknin is also suspected of making threats.
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Problem Gambling Expert Says Online Casino Banning Not the Answer
Carol O’Hare who is the director of the Nevada Council on Problem Gambling stated THAT BANNING ONLINE GAMBLING IS NOT THE ANSWER.
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Gary Kaplan Pleads Guilty
Score one for the U.S Government’s persecution of its citizens. On Friday, Gary Kaplan, founder of BetOnSports.com pled guilty to racketeering conspiracy, violating the Wire Wager Act, and conspiring to violate the Wire Wager Act. With his guilty plea, all other charges were dropped. As part of the deal, he forfeits $43.6 million in illegally obtained monies from his illegal operations.
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Drop the Ban on Online Poker
There is a debate today both in congress and across this great country of ours, about just what is poker playing? Is it gambling, as the government wants to say? Or is it a game of skill, mathematics and strategic thinking? In 2006, congress outlawed internet gambling by making it illegal for banks and credit card companies to handle or process payments made to online gambling sites. As if that were not enough, congress made itself several loop holes.
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Intertops Red Casino Going Public!
Intertops Red Casino has announced they will be going public at the end of this month August. Here is the press release from them. August 14, 2009 – There is no scarcity for the Online casinos and the gambling sites today. Almost everyone with a little programming knowledge can develop Online casinos and gambling sites. The availability of the casino site scripts make it very easy to develop a site that can be called as an Online casino.
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Gambling News
Judge Sides With Gambling911
Score one for the side of the fun loving gaming industry. Judge Laura Swain of the Southern District of New York issued her ruling siding with Costigan Media, parent company of Gambling911. In her ruling, she has ordered the unsealing of the warrants and affidavits used in the seizure of $30 million in funds intended for online poker players.
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Mitch Garber Interview
Mitch Garber was CEO of Party-Gaming, the largest listed online gaming company in the world. He left in 2008, not because he had not been successful but because of the passing of the UIGEA bill at the end of 2006. And being that Party-Gaming was the most high profile and was hugely dependent on the US! When the UIGEA law passed Party-Gaming spent the weekend on the phone with lawyers on both sides trying to decide what to do next.
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The Feds Have Filed New Charges Against Saga Online Payment Processor
Our friends in the Federal Prosecutors Office for the Southern District of New York (SDNY) are at it again. This is the same office which ordered the arrests of NETeller co-founders John LeFebvre and Stephen Lawrence in 2007. They also froze $55 million of NETeller funds. What is the SDNY up to now? They have indicted a Canadian resident, Douglas Rennick, for money laundering, bank fraud, and operating an illegal gambling business.
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Andreas Oscarsson Found Dead
Flags in casinos and e-flags in internet gaming sites should be at half mast today. The gaming industry has lost a pioneer and a truly great man. Andreas Oscarsson, the 36 year old poker affiliate entrepreneur, was found shot to death in his bed in Sweden where he was visiting with his 2 year old son. He recently stepped down as CEO of the huge gaming portal PokerListings.com to spend more time with his son. His son was apparently not injured in the attack.Details of the crime are very sketchy.
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10th Anniversary of iNetBet Online Casino
iNetBet is celebrating their 10th Anniversary this year! This is an excellent achievement for an online casino! They were among the first casinos to go live online.
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CryptoLogic and Centrebet Makes a Licensing Deal
These to giants in the online gaming business have made a deal to join together in this new licensing deal.
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New Jersey Governor Fight With the DOJ on Sports Betting Suit
The U.S. Department of Justice, (in it’s infinite wisdom?), appears to be declaring war on the State of New Jersey. The DOJ has asked a U.S. District Court to block New Jersey Governor Jon Corzine from joining, and thereby lending his considerable influence to, a legal challenge seeking to lift a ban on sports betting from New Jersey and 45 other states. The DOJ claims that the Governor does not have the authority constitutionally to intervene.
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Gambling News
iMEGA and the Third Circuit Appeals Court
On Tuesday, lawyers for the United States Attorney General’s Office and Interactive Medias Entertainment and Gaming Association (iMEGA) held arguments in front of the third Circuit Court of Appeals in Philadelphia. What is at stake? Well it is the constitutionality of the Unlawful Internet Gambling Enforcement Act (UIGEA). The arguments ran the gauntlet.
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Barney Franks Speaks Out at WSOP
Barney Frank let his opinion be know Sunday at the WSOP, on the UIGEA Bill and where he stands, before he announced the traditional “Shuffle up and deal call.” He called the UIGEA Bill the “stupidest bill ever.” He also told of his plans to have it repealed in September, and is very optimistic that he will get it repealed, and removed from the law books.
