Gambling News

  • 15 January 2007

    FOUNDERS OF NETELLER ARRESTED ON BOTH COASTS OF U.S.

    It has been reported that the founding partners of Neteller were arrested today, one on the west coast in Los Angeles and one on the east coast in New York.Steve Lawrence and John LeFevre established Neteller in 1999 although both are now removed from the company, John in 2002 and Steve as of October 13th, 2006. Many will recognize that as the date the UIGEA and Safe Port act was signed into law by President Bush.

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  • 13 January 2007

    MANSION DENIES RUMORS OF PLANS TO CLOSE ONLINE GAMBLING OPERATIONS

    E-GAMING REVIEW Mansion has denied industry rumours that it is undertaking a re-organisation that will see it close the majority of its online operations. According to sources Mansion is to concentrate on being a “high-end offline and online casino” operation in conjunction with Mansion owner Putra Sampoerna’s London casino Les Ambassadeurs. The company said they were “unsubstantiated rumours”.

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  • 13 January 2007

    VICTOR CHANDLER CEO ISSUES STATEMENT ON HIS DETAINMENT IN ISRAEL

    Victor Chandler chief clarifies Israel meeting E-GAMING REVIEW Michael Carlton, chief executive of Victor Chandler, has issued a statement regarding his questioning by Israeli authorities on Wednesday 10 January. “I traveled to Israel for a preplanned meeting with government ministers, at their invitation, regarding licensing arrangements in the country.

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  • 13 January 2007

    ONLINE GAMBLING NEWS IN PERSPECTIVES WEEKLY - JANUARY 12, 2007

    Perspectives Weekly – January 12, 2007 has been released and this video will give you chills… literally! This week’s installment covers gaming news from the UK and China, preliminary audit results of some major online poker rooms and affiliate spamming that goes over and beyond the walls of decency. Perspectives Weekly is produced by APCW and is always a highly entertaining and informative video of what’s happening in the online gambling world.

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  • 13 January 2007

    PartyGaming Confirms Founder's Sell Off Of Shares

    THE GUARDIAN Simon Bowers Friday January 12, 2007 PartyGaming’s co-founder Vikrant Bhargava, who stepped down as marketing director last month, is believed to have raised about £50m through the placing of a 4.1% stake in the company – a move which could mark the first of a series of share sales among the four founder shareholders in the online gambling group. The placing of 160m shares is believed to have been made by the brokers UBS at 30.5p – a 9.

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  • 13 January 2007

    Israel Holds Victor Chandler CEO Several Hours In Online Gambling Crackdown

    TIMES ONLINE Dominic Walsh The chief executive of Victor Chandler International (VCI), the online bookmaker, has been detained by the Israeli authorities in the latest crackdown on the internet gambling industry. Michael Carlton is understood to have spent two hours helping the authorities with their inquiries before being released and allowed to return via London to the company’s headquarters in Gibraltar.

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  • 11 January 2007

    ONLINE POKER ROOM PARBET.COM SOLD TO CRYPTOLOGIC

    CryptoLogic enters the acquisition market by agreeing to buy the poker brand and assets of Parbet.com, a Scandanavian based online poker room. The deal will be brokered using WagerLogic, a division of CryptoLogic, whereby $9 million euro will be paid for Parbet brand and assets and an additional amount no greater than $4 million euro upon improved performance of assets after 6 months. CryptoLogic projects this action will add approximately $2 million to this year’s earnings.

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  • 08 January 2007

    Reported Turkish Legislation Will Censor Online Gambling

    As recorded by various sources, the Turkish newspaper Yeni Safak reports that new legislation has been introduced by Turkish authorities directed at censoring what was described as ‘indecent broadcasting and online gambling’.

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  • 08 January 2007

    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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  • 07 January 2007

    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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