Gambling News

  • 15 December 2006

    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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  • 15 December 2006

    OPTIMAL ACQUISITIONS PLANS BUY OUT OF FIREONE GROUP (FIREPAY)

    SHARECAST LONDON (SHARECAST) – Payment processor FireOne Group has agreed to a 60p per share buy-out from its major shareholder, OGI. Fireone shares have crashed from over 400p at the start of the year following the introduction of the legislation in the US that made it illegal to process online gambling payments. The offer, from Optimal Acquisitions, a subsidiary of OGI, values the company at £32.4m. Over 75% of shareholders have already agreed the bid.

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  • 14 December 2006

    PARTYGAMING STABILIZED - SHOWS IMPROVEMENT

    FORBES PartyGaming says revenues have stabilised; seeing improvements in KPIs 12.14.06, 2:41 AM ET LONDON (AFX) – PartyGaming PLC, which has been hit by new US laws restricting online gambling, said its revenues have stabilised quickly following the legislation and added it has begun to see improvements in a number of its key performance indicators.

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  • 13 December 2006

    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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  • 12 December 2006

    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. Revenue in the sector is growing at a rate of 22 per cent per year. Gamingpublic.

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  • 12 December 2006

    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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  • 11 December 2006

    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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  • 08 December 2006

    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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  • 08 December 2006

    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. This proves that the US being open to competition is a false claim.

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  • 08 December 2006

    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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