News

  • 30 March 2007

    UK House of Lords Deals Joker To Online Gaming Plans

    Telegraph By Harry Wallop Last Updated: 1:22am BST 30/03/2007 The casino industry never had a particularly high opinion of the Government but, after the events of the past 10 days, Labour ministers are being viewed with as much relish as a card-counter at a blackjack table. “The UK is the laughing stock of the world, it really is,” said one senior casino executive.

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  • 30 March 2007

    Online Gaming Group 888 Branches Out - Going Into Online Bingo

    REUTERS Thu Mar 29, 2007 LONDON, March 29 (Reuters) – Online gaming group 888 Holdings said on Thursday it was buying the online Bingo business of Globalcom Limited for up to $43.4 million in cash, adding that the deal would enhance earnings immediately. 888 said it would pay $32.4 million, less amounts payable to customers, over a year following completion of the deal. It will pay an extra $11 million depending on performance of the unit which includes twofatladies.

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  • 28 March 2007

    Deal With DOJ Means No Charges Against ECH Payment Processor

    REUTERS March 28, 2007 U.S. prosecutors said on Wednesday they had reached an agreement to not file charges against payment processor Electronic Clearing House Inc. (ECHO.O: Quote, Profile , Research), saying the company is cooperating with the government’s probe into Internet gambling. The company was involved in the transfer of money on behalf of online payment services known as “e-wallets,” which mostly handled illegal transactions with online gambling Web sites, the U.S.

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  • 28 March 2007

    NY Police Arrest Their Own In Bookmaking Operation

    Gambling911 reports a bookmaking operation run by police officers has been broken by New York State Police. 18 individuals are on the list to be announced later today in a press conference. The offshore company is 50Ksports, based out of Costa Rica.

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  • 28 March 2007

    Online Gambling Shoots Down ECHO / Intuit Deal

    DIGITAL TRANSACTIONS (March 27, 2007) Merchant processor Electronic Clearing House Inc. and accounting-software giant Intuit Inc. on Tuesday announced that their planned $142 million merger is off. ECHO chairman and chief executive Joel M. Barry laid much of the blame on a federal investigation into Internet gambling that will involve a $2.

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  • 28 March 2007

    Sportingbet to Move Online Gambling Operation to Channel Islands

    Ledger-Enquirer Wed, Mar. 28, 2007 Associated Press LONDON – Online gambling company Sportingbet PLC, forced to quit the U.S. after lawmakers effectively made the business illegal, said Wednesday it will transfer the group’s operations to the Channel Islands. The company said it is making the move offshore because there remains uncertainty surrounding the precise operational requirements of the 2005 U.K. Gambling Act.

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  • 28 March 2007

    Curacao's Giro Bank Warned 'Stop Online Gaming Business'

    Giro Bank received a letter from it’s sister bank in the US telling them they have to stop doing gaming business or lose the or lose the correcesponding relationship, reports Gambling911. In response to that letter, Giro is sending out their own letter to their gaming clients to let them know. It’s not known what gaming companies might be affected, although VIP.com and Pinnacle Sports base their operations from Curacao.

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  • 27 March 2007

    New Slots for March

    Check out the new slots!! Rival Gaming has a great new one: Reel of Fortune - Welcome to the Reel Of Fortune slot game, where you have a chance to grab a bit of fortune yourself with 5 Reels and 20 Pay-lines. Microgaming has 2 new ones Cash ‘n Curry –In Cash ‘n Curry slot game the hunger will get to you by making a meal out of your good fortune with its hot 3 Reels of chance and its fast and exciting game play that will keep you gasping.

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  • 26 March 2007

    iGaming Business and Casino Affiliate Programs to Award Outstanding Achievement

    iGaming Business and CasinoAffiliatePrograms.com are trumping last years CAP London event with plans for a unique awards ceremony in 2008. Affiliates, operators and suppliers in the iGaming industry will be recognised for their achievements and successes in the following categories: affiliates programs, affiliates, software, affiliate management and two top awards for best overall affiliate program and best overall affiliate. Nominations can also be posted via http://www.igamingbusiness.

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  • 26 March 2007

    Neteller Halts Service to Canadian and Turkish Online Gambling Market

    GamingIntelligenceGroup March 26, 2007 NETeller Plc, the British online money transfer business, today announced that it was withdrawing its payment services to online gaming sites for Canadian and Turkish customers. The move is in response to recent regulatory developments surrounding online gaming in Canada and Turkey, which have significantly increased the risk to the Groups ongoing business in those markets.

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