Gambling News

  • 17 September 2015

    Mt. Gox CEO Charged by Japanese Authorities

    At one point in time, about four-fifths of all bitcoin exchanges were handled by Mt. Gox, then the top exchange by far for bitcoin transactions. Having what seemed to be such a solid operation taking over such a large portion of the market helped the cryptocurrency to gain a lot of attention with huge fluctuations in its value. This all came crashing down when the Tokyo-based company was accused of fraud and a number of other crimes.

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  • 16 September 2015

    Caesars Entertainment Fined $9.5 Million in Penalties

    Money laundering is something that's often tied to gambling because of how relatively easy it can be to launder money through gambling establishments. This is largely due to the cash nature of the business and how casino chips are mixed up and traded back and forth during games. Different casinos have to adhere to rules that help to prevent money laundering, and Caesars Entertainment found out the hard way that they weren't doing enough with a $9.5 million penalty.

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  • 16 September 2015

    GameAccount Network Rebrands to GAN

    A company's identity, no matter what industry they are in, is largely tied up in their branding. We saw this a few years ago when MoneyBookers switched its branding and identity to Skrill and pushed on to be one of the top online gambling payment processing options before being purchased by the parent company of Neteller. The GameAccount Network has decided that it's time for them to rebrand as well, so effective September 9, they will now be branded as GAN.

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  • 16 September 2015

    Isle of Man Sees Major Online Gambling Growth

    The Isle of Man is known for being one of the most reputable jurisdictions for online gambling in the world. It's where some of the biggest names have been based in the entire industry, and it's well-respected by everyone involved in the industry in any way. A recent report has shown that they have been growing quite a bit in this industry over the past year, and they generate a ton of revenues and jobs from it.

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  • 12 September 2015

    Optimal Payments Proposing Change of Name

    In the online gambling world, a name can mean everything. This is even more true for payment processors, who are often considered the front lines for trust because that's where a player puts their money first. After Optimal Payments brought on Skrill in their reverse takeover worth about €1.1 billion, it seems they're looking for a new identity. That new identity could be the Paysafe Group.

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  • 11 September 2015

    New Bitcoin-Based Gambling Site Chopcoin Opens

    When bitcoin exploded in popularity over the past 18 months, it created a situation where a lot of people thought it would be perfect for online gambling transactions. The crypto-currency is particularly anonymous, though sometimes to the point of fault for some users, and it seemed perfect for many people who wanted security and safety with their online gambling transactions.

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  • 07 September 2015

    Bwin.Party Shows Huge Support for GVC Proposal

    One of the biggest topics going in the online gambling industry over the past couple of months has been the big bidding war between GVC and 888 Holdings for the purchase of Bwin.Party. We've seen them go back and forth with bigger and bigger proposals, but it seems like we might finally be getting towards the end of this extremely entertaining struggle. GVC Makes Massive Offer The previous offer by 888 Holdings was for a total of £898.

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  • 07 September 2015

    888 Holdings Officially Drops From Bwin.Party Bidding

    Since July, 888 Holdings has been fighting a fierce and entertaining bidding war with GVC Holdings over the purchase of Bwin.Party. We've seen big offers countered by even bigger offers, and the advantage has switched back and forth a number of times during this whole ordeal. However, it looks like GVC is officially the winner now because the 888 Holdings board has pulled support for any deal with Bwin.Party.

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  • 03 September 2015

    Net Entertainment Games Launch in New Jersey

    Over the past few weeks, Net Entertainment has been waiting to hear from the New Jersey Division of Gaming Enforcement on their license. Since that review could take some time, the DGE has granted NetEnt a wavier to offer games in the state while their official application is still under review. This is something that they have done before, but it's not something that they've done for all software companies, and there are some big reasons behind that.

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  • 01 September 2015

    Daily Fantasy Sports Confirmed Illegal in Washington

    Daily fantasy sports is probably the single fastest-growing segment of the online gambling industry for the past 12-18 months. It has absolutely exploded with the top companies securing major deals with sports teams, ESPN and other sports-related entities. While it's definitely a skill-based contest, Washington state doesn't really care because their ridiculous laws prohibit it anyway according to a recent statement by the Washington State Gambling Commission.

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