Gambling News

  • 03 January 2013

    New Jersey Gambling Bill Awaits Governor's Autograph

    The holiday is over, and the new year has begun, which opens a whole host of possibilities, including the opportunity for New Jersey to develop its own online gambling initiative. The bill that’s currently on the table, S1565, has passed overwhelmingly in the New Jersey houses is now on Governor Chris Christie’s desk, waiting for his final approval.

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  • 26 December 2012

    Nevada Awards Online Poker License to Caesars

    On Thursday, the Nevada Gaming Control Board approved Caesars Interactive Entertainment for as the 12th such company to be awarded online poker license. Caesars, the new face and persona of Harrah’s, will be partnering with European gambling powerhouse 888 Holdings to bring online poker to Nevada-based residents. The two companies already have a working relationship in the UK, where they have been offering the World Series of Poker brand for the last three years.

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  • 20 December 2012

    Schleswig-Holsteins Approves 12 New Licenses

    Schleswig-Holstein, the northernmost state in Germany, has authorized 12 companies to offer a range of online casino games as well as online poker. Included on the list of newly licensed operators is 888 Germany Limited, Cashpoint Malta Limited, Tipico Company Limited and bet365’s Hillside Limited out of Gibraltar.

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  • 18 December 2012

    New Jersey Votes YES to Online Gambling

    Bill A2578, the official name of the proposed New Jersey legislation legalizing online casino gambling for its residents, has been passed by the state’s General Assembly. There is good potential that the bill could be placed before the Senate and signed by Republican Governor Christie by the end of the month.

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  • 15 December 2012

    New Jersey Votes on Online Gaming Bill; Outcome a Gamble

    According to an article on NorthJersey.com, New Jersey could be the first state in the US to offer online casino gambling–as long as its State Assembly and Governor Christie agree it’s a good move.The bill, sponsored by New Jersey Assemblymen Burzichelli, Prieto, and Ramos, would legalize nearly all forms of online gambling in New Jersey.

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  • 13 December 2012

    Zynga launches Elite Slots; Could Be Real Money Lifeline

    What could be better than a social media game that weaves a complex story element throughout? A social media story game that’s laced with online slot games. Today, Zynga announced its plans to release “Elite Slots”, which highlights role playing and mini game features as a players progress through the game’s various levels, treasures, and adventures.

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  • 12 December 2012

    AGA Weighs In on Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2012

    Frank Fahrenkopf, president and CEO of the American Gaming Association, wrote a recent opinion piece on politico.com, pleading the case for federal regulation. This piece was a basic reiteration of what AGA has been proclaiming from their online rooftops since the first draft of the Reid-Kyl bill was leaked on the Internet. Looking at the proposed bill, there is more at stake than just whether or not states choose to participate in the federally regulated poker program.

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  • 11 December 2012

    Discussion Revs Up Over Online Gambling Bill

    Efforts heat up on all sides of the proposed Redi-Kyl online gambling bill this week as lobbyists from the North American Association of State and Provincial Lotteries and the National Association of Convenience Stores descend upon the capital. Says Bryan Preston of the PJ Tatler in his article, Harry Reid Launches Online Gambling Power Grab, “Sen. Reid will work harder to hand a sop to the gaming industry in Nevada than he will work to pass federal budget.

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  • 10 December 2012

    PokerStars Attempting To Regain Foothold in US

    A month after resurrecting Full Tilt poker amidst several Herculean barriers, PokerStars is in the news again. News is surfacing that the online poker giant is in acquisition talks with the Atlantic Club casino. And just like that, PokerStars could be back in the United States. Writes a Forbes article: “Twenty months ago, PokerStars, the biggest online poker company in the world, essentially got kicked out of America. The U.S.

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  • 10 December 2012

    Zynga Bets On Itself; Applies for Nevada Gaming License

    Zynga, one of the world’s leading providers of social game services, has filed an application for an interactive gambling license with the state of Nevada. Zynga has previously entered into a partnership with bwin.party to offer real-money poker and casino games in the United Kingdom starting in 2014. The ability to pull those games into a US market could be just the lifeline the struggling company needs to pull itself out of turbulent waters. “The broader U.S.

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  • 10 December 2012

    Caesars Group Gets Thumbs Up for WSOP

    On December 5, 2012, the Caesars Entertainment Corporation was allowed to stake a small step forward for the World Series of Poker, and perhaps a giant leap for online poker in general. The Nevada Gaming Control Board voted to recommend the Caesars group for an online poker license in Nevada. The recommendation is expected to be officially approved by the Nevada Gaming Commission on December 20, 2012.

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  • 09 December 2012

    Is 3G Studios Courting Purchase Offers?

    3G Studios, known for its work in mobile and online gaming, may be in talks with major slot and game makers regarding potential acquisition offers. 3G already partners with several companies to provide technology and gaming solutions; however, recent speculation suggests the Reno-based firm may be ready to take it to the next level of commitment.

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  • 06 December 2012

    American Gaming Presses Congress

    In our last post, we talked about how the American Gaming Association is pushing for federally regulated online gaming by reaching out to the people who play (or would love to play) online. Now, as reported by the Las Vegas Review Journal, we learn that the AGA is also leaning hard on Senate leaders.

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  • 06 December 2012

    AGA Urges Online Poker Fans to be educated, active and heard

    The American Gaming Association has made it clear that it supports Federal regulation for online gaming. The patchwork quilt that has so far defined our country in terms of its diversity and geography will not work with online gambling regulation. When each state drums up its own concoction of incentives, rules, and oversight, says the AGA,”it could result in a race to the bottom, where states attempt to have the least amount of oversight in order to attract business.

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  • 30 November 2012

    Dutch Casinos Up For Grabs

    As part of the reforms promised by the Dutch coalition government, the Netherlands plans to offer its country-owned Holland Casino monopoly to the worldwide market and then legalize online gambling with hopes of increased competition, interest, and, of course, revenue. While the plan to sell is set, how the government will approach the sale is not. “It is unclear at this stage if it will be a sale or an initial public offering.

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  • 29 November 2012

    Online Gambling: States Wager The Fed Will Fold

    As we head into lame duck season, it seems less and less likely federal regulation of online gambling will make the cut on Capitol Hill’s already loaded docket. With the looming fiscal cliff and other heavily-weighted issues, it appears Congress has bigger fish to fry. Some states, meanwhile, refuse to sit on their hands. Or potential revenue.

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  • 16 November 2012

    It's official: MGM Gets Online Poker License

    MGM Resorts International and two other companies, Las Vegas-based Z4Poker LLC and Los Angeles-based CAMS LLC, were officially awarded licenses to compete in Nevada’s new intrastate online poker arena. This comes after they were given approval by the Gaming Control Board earlier this month. What’s next for MGM? In the coming months, MGM Resorts intends to fire up at play-for-fun poker room to drum up attention and a fan base. (MGM already has a social media poker site, myVEGAS.

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  • 12 November 2012

    Atlantic City Can Go Mobile, But Will It?

    Land-based casinos, in all of their enormous glory, have several things going for them. They nearly burst with electricity and excitement, delicious food and beverages, and gaming choices. Brick-and-mortar casinos are notorious megaplexes, designed to keep you in and keep you playing, no matter how many miles you may log in walking their interiors. The wallets of casino patrons may take a beating, but that’s nothing compared to what their feet are going through.

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  • 08 November 2012

    iPoker Network Grows to Include Everest Poker and BetClic

    Everest Poker has officially announced it has signed with Playtech software and will be joining the esteemed ranks of iPoker Network’s top tier. The BetClic Everest Group stated that two of its domains, EverestPoker.com and BetClic.com, will be taking advantage of Playtech’s casino and poker feature enhancements; its French online poker players will enjoy the improved rake structure created by the combined the player pool. Both parties seem very pleased with the deal.

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  • 05 November 2012

    MGM Gets a Thumbs-Up for Online Licensure

    On November 1, 2012, three more companies were recommended online licensure by Nevada’s Gaming Control Board: MGM Online LLC, Z4Poker LLC, and Cams LLC. Now that they have the Board’s recommendation, the next step is to hopefully join the 13 other gaming companies already in the ring. They’ll need the official approval of the Nevada Gaming Commission, which will announce its decision in the November 15th meeting.

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  • 02 November 2012

    Forget Federal Regulation; States Finding Ways to Form Partnerships

    Legalized gambling is regulated in 85 countries around the world and pulls in almost $35 billion in wagers, some of that from US players. With a market expected to grow to $10 billion a year in the US alone, some states are anxious to get a piece of the action, or rather, a slice of the profits. Those interested states, so far, include Nevada, Delaware, and New Jersey.

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  • 02 November 2012

    Kentucky Governor Pushes To Expand Gambling

    Governor Steve Beshear doesn’t beat about the bush. In a Kentucky.com article, he stated “I don’t think it’s any secret that expanded gaming is one of the issues that I think should be addressed by the people of this state. And I am hopeful that we may be able to get a constitutional amendment passed in the upcoming session.” Whether or not it happens will depend on several factors, including approval by Kentucky voters. Since Gov.

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  • 26 October 2012

    Pinnacle Sports Implicated in Illegal Betting Ring; 25 indictments delivered

    Twenty-five people across five states were arrested, and over $7.6 million in cash and chips were confiscated, on Wednesday and Thursday in connection with a $50 million bookmaking operation that may or may not directly involve Pinnacle Sports, a online sports betting site. Of those arrested, three (Brandt England, George Molsbarger, and Stanley Tomchin) are co-owners of Pinnacle Sports.

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  • 25 October 2012

    Zynga Reports Greener Earnings; Eyes Greener Pastures

    Zynga‘s stock jumped an impressive 15% in early trading activity on Thursday due to its announcement that it topped its previously lowered 3rd quarter outlook. Originally reforecasted as between $30 and $305 million, the “Farmville” creator posted a revenue of $317 million this quarter, making it a 3% year-over-year growth. (Read on for numerical analysis of Zynga’s financial results and future).

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  • 23 October 2012

    William Hill Announces Playtech Buyout, Awaits Numbers.

    Several months ago, it was speculated that William Hill PLC could–and probably should–buy out Playtech’s stake in their joint-venture company, William Hill Online. This week, William Hill announced it intended to do just that. Playtech currently owns 29% of the business it founded with William Hill PLC in 2008. At the time, Playtech paid $319.7 million and provided the venture with software platforms and technical solutions.

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  • 19 October 2012

    South Point Poker: Now Hiring

    When you are the first real-money online poker site to launch legally in the state of Nevada, there are a few things you’ll have to do before you open your doors. Take down your free-play online poker site, which you wisely launched a year in advance to create interest and player loyalty. The brief hiatus will be necessary so as not to confuse players during the transition to real money.

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  • 19 October 2012

    WMS expands reach with Betsson and Unibet

    Williams Interactive, the internet gaming arm of WMS, announced this week that it has signed multi-year agreements with Bettson and Unibet. The agreements further beef up the lottery and slot machine company’s online portfolio, and take advantage of the recently acquired Jadestone gaming portfolio, which contains the popular games Wizard of Oz, Reel ‘Em In and Zeus.

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  • 09 October 2012

    The iPad May Reinvent the Reel; Casinos Embrace Portable Technology

    Photograph by Steve Marcus, VegasInc The Global Gaming Expo (G2E) has revealed several thoughts and clues to the future of gambling, both on and offline. Portable and touchscreen technology reigned supreme, highlighting the industry’s movement toward personal interaction and social integration. It’s like offline, online gambling. Portable, accessible, technologically savvy, but rooted within the casino’s very real, very social environment.

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  • 09 October 2012

    Zynga Lowers Expectations; Puts Eggs in Mobile Basket

    Zynga says delayed game launches and disappointing reception of existing games are the reasons it is lowering its revenue expectations for the remainder of 2012. Reaction to the announcement that the company will come in anywhere between $90 to $105 million short has investors scurrying. In a press release, Zynga stated that the 3rd quarter continued to be a challenging one.

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  • 07 October 2012

    Nevada Gaming Control Considers More Licenses

    Three more companies have been recommended approvals by the Nevada Gaming Control Board: Golden Nugget Incorporated Golden Nugget Incorporated applied for a license to host and operate online poker. Having already secured an agreement with Bally Technologies (which has already been approved to supply online poker to its clients), Golden Nugget Inc looks to a successful license bid.

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