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.
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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.
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Europe Prepares To Liberate and Regulate Online Gambling
MSNBC By Roger Blitz in London Updated: 25 minutes ago Any day now the Italian government is expected to show its hand on gambling. In a move viewed by many in the sector as the latest evidence of a shift towards the liberalisation of gambling in Europe, Rome will award new gaming licences to a range of national and international companies vying for the chance to run betting shops, kiosks, casinos and online services.
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NFL /FANTASY SPORTS LEFT NOTHING TO CHANCE BACKING ONLINE GAMBLING BAN
HENDERSONVILLE TIMES NEWS – Hendersonville, N.C. By EDDIE PELLS – AP National Writer For many NFL fans, there are millions of dollars up for grabs over the final weeks of the season. They watch every game, every player, in the hopes that those receivers, running backs and quarterbacks can turn small investments into big money. Their hopes are pinned on the fates of their fantasy football teams.
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EU COURT TO RULE ON STATE AUTHORITY TO OUTLAW BETTING AGENCIES
REUTERS VIENNA, Dec 13 (Reuters) – Austrian online betting operator bwin.com’s (BWIN.VI: Quote, Profile , Research) business model would become obsolete if the European Court of Justice ruled unfavourably in a landmark case due soon, bwin’s head was quoted as saying on Wednesday. The European Court of Justice is due in the next months to rule whether EU member states can outlaw betting agencies licensed in another member state.
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MERRILL LYNCH STUDY CLAIMS ONLINE GAMBLING COULD BE A $528 BILLION INDUSTRY BY 2015
THE REGISTER Online gambling poised to pull $528bn – US shuns cash cow By Burke Hansen in San Francisco Tuesday 12th December 2006 Internet gaming is now the fastest growing segment of internet commerce, according to a report from Gamingpublic.com, an industry trade publication.
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NEW eCOGRA TEAM TO MONITOR UK ONLINE GAMBLING
BCS 12/12/2006 A new team has been established to monitor online gambling in the UK. eCOGRA’s new team will monitor all 91 online casinos and 21 poker rooms accredited with the body’s Play It Safe seal to ensure online gambling in the UK is as safe as possible. The new four-member team, all of whom have experience in the gambling and audit industry, will conduct on-site assessments of online casinos and poker rooms to ensure casinos adhere to its standards and regulations.
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South Africa Prepares To Legalize Mobile and Online Gambling
BUSINESS DAY CAPE TOWN — Online and cellphone gaming will become legal for the first time in SA if a draft amendment bill adopted by the cabinet last week is finally passed into law. The South African gambling industry has been frustrated by the length of time it has taken government to come up with regulations to legalise internet gaming.
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Online Casino Tycoon Prepared to Pay Palistine and Israel $1 Billion Each For Peace
ZAMAN (zaman.com) By Anadolu News Agency (AA), Jerusalem Thursday, December 07, 2006 An Israeli businessman has offered $1 billion dollars to Palestinian Prime Minister Ismail Haniye if he reaches a peace agreement with his Israeli counterpart. Billionaire Israeli businessman Avi Shaked, whose great fortune came from running internet gambling sites, told the Reuters news agency that he wanted the killing to stop.
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European Online Gambling Industry Takes Dim View of Sands Launch Into Online Gaming
Telegraph.co.uk By Harry Wallop Last Updated: 12:02am GMT 06/12/2006 The European gambling industry has attacked the launch of an online gaming website by Las Vegas Sands, the US giant. Torbjorn Ihre, the head of public affairs at the European Betting Association, said: “It’s hypocrisy and discrimination. These two words fit.
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Bodog Pulls All US Advertising, Moves Global HQ to Antigua
PRNewswire December 5, 2006 St. John’s, Antigua and Barbuda Bodog.com Entertainment announced today a plan to pull all its U.S.-facing gaming-related advertising, mostly for its free-play and educational site, Bodog.net. The advertising pullback, which is quite extensive, includes television, radio, magazine and newspapers in the U.S.
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LAS VEGAS SANDS SIGNS DEAL FOR ONLINE GAMLING SITE
PR NEWSWIRE Agreement with Cantor Gaming will provide End-to-end Online Gaming Portal LAS VEGAS, Dec. 4 /PRNewswire-FirstCall/ — Las Vegas Sands Corp.
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Madrid Licenses Online Gambling, Followed Italy's Lead
iGAMING BUSINESS04-12-06 A host of bookmakers and online gambling companies are expected to flock to the Spanish market following the decision by Madrid’s regional government to regulate gaming through the introduction of licences.
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IT COULD BE CALLED 'THANK YOU FOR GAMBLING'
EGamingPulse Friday, December 1 In the recent movie “Thank You for Smoking,” the hero–a tobacco lobbyist–comes under fire for working to protect people’s right to smoke. A similar movie could be made about gambling. The villain would be Rep. Bob Goodlatte (R-VA). Goodlatte has been fighting to enact legislation on Internet gambling for some time, and he can now finally claim a good deal of success with the passage of H.R.
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BETONSPORTS FACES LEGAL ACTION FROM ANTIGUA-BARBUDA REGULATOR
Caribbean Net News Friday, December 1, 2006 ST JOHN’S, Antigua: The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda on Thursday announced that it has filed an application for a restraining order in the High Court of Justice, against BETonSPORTS (Antigua) Ltd.
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Sportingbet Reports Huge Online Gambling Losses - Castigates UK
BBC NEWS Sportingbet has reported quarterly losses of £241.4m ($470.6m), after selling its US business for £1. The online gambling firm took a charge of £252m on exiting the US in October, shortly before new laws outlawing internet gaming came into force there. But it saw gross profit from its other gambling operations rise 48% to £31.7m, in the three months to 31 October.
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eCOGRA APPOINTS FORMER HEAD OF ACCTING FIRM TO BOARD
LONDON, November 28, 2006 – eCOGRA (eCommerce and Online Gambling Regulation and Assurance) www.ecogra.org, the online gambling industry’s player protection and standards authority, has appointed a highly experienced leisure and gaming financial executive as an additional independent director on the Board.
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Russian Gambling Bill Making the Rounds - Wins Round One
iGAMING BUSINESS24-11-06 The Gambling Bill proposed by President Vladimir Putin in October, which plans to set up four gambling zones in Russia, has been approved at its first reading by the Duma last week by a vote of 440-0 and one abstention. The president had proposed the bill after the Interior Ministry launched an operation to check the financial, tax and sanitary-epidemiological documents of a variety of gambling establishments in the capital allegedly linked to the Georgian mafia.
