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.
-
Read Full Article
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. -
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
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.
-
Read Full Article
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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...
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
-
Read Full Article
Gambling News
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.
