29 October 2009Regulated Online Gambling is likely to Pass Says a Utah Congressman
This maybe some great news for online gambling, I think this will happen too and soon.According to the Deseret News the Republican from Utah Jason Chaffetz thinks congress will pass Barney Franks bill to license and regulate online gambling. He thinks it will be passed before the end of current session going on in congress.Read full article
28 October 2009First State-to-State Wide Area Progressive Gaming
This is a network linking Indian Casinos Nationwide! LAS VEGAS, NV, Oct 28, 2009 (MARKETWIRE via COMTEX) — ATIG | Quote | Atlantis Internet Group Corp. (PINKSHEETS: ATIG | Quote | announced today that it would launch the nation’s first intertribal, state-to-state, wide-area progressive gaming network linking Indian Casinos nationwide. Progressive gaming means that a percentage of the money played by each player in any of the casinos in the network is added to a combined jackpot.Read full article
26 October 2009Massachusetts: To Act or not to Act on Casino Gambling Delays?
The State of Massachusetts, despite the generally recognized need for lawful gaming in the state, is still at least three years away from implementing any gambling law. While promises for action have come from all corners, including the governor, state Representative Brian Dempsey says that legislators are moving slowly to be sure that they give the state the best results from the legislation.The State of Kansas went through a similar process.Read full article
25 October 2009Can They Raise the Stakes In Atlantic City?
Atlantic City… the name brings to mind images of glistening casinos, bright light and never ending excitement. A few years ago, that image would have been true. Today, however, is another day. Fortunes have changed and the gaming machines stand silent, and one casino, Harrah’s, is offering to send their frequent gamblers out west to Las Vegas. One gambling executive even says that Atlantic City is in a “death spiral”.Read full article
24 October 2009Preemptive Strike on UIGEA Rules Launched by Barney Frank
I am sure all the banks and financial institutes are awaiting the decision on this one. The big day is quickly approaching to start the implementing of the UIGEA rules. Representative Frank has put his attention back on this after all the other urgent matters that had to be put first.Frank along with 18 others sent a formal letter of request to Timothy Geithner, the Treasury Secretary and to Ben Bernanke, the Federal Reserve Chairman.Read full article
22 October 2009Dikshit is Selling PartyGaming Shares
Makes you wonder if he is doing this to pay off his debt to the US Treasury. Maybe he thinks this will lighten his sentence. We will see what happens. LONDON, England — As reported by Bloomberg: “PartyGaming Plc founder Anurag Dikshit will sell up to 75 million shares in the company through his Crystal Ventures Ltd. vehicle.Read full article
21 October 2009More and More States are Betting on Gambling to Boost Economy
With more states are opening up to the idea of gambling as a way to help with the economy. With the taxes that are brought in from land based Casinos and online could help raise the economy back to where it should be. LAS VEGAS, Nevada — Gaming has found a surprising benefit from the nation’s continuing economic recession.Read full article
20 October 2009Sacramento Tribal Casino Lavish Rewards for Repeat Players
Patrons of tribal casinos in the Sacramento area are feeling the love and gratitude of the casinos. The casinos are offering regular customers, both small and high rollers, incentives to keep returning. Gifts are ranging from toaster ovens and visits to the buffet, to cars, trucks and cash, and everything in between. The freebies, called special rewards club programs, are competitive and geared to bring back the regular players who are most likely to keep returning.Read full article
16 October 2009Land Based Gambling Shifting to Online?
This is a question that land based casinos are asking themselves, especially since Vegas saw revenues drop for the twentieth month in a row. October 14, 2009 (CAP Newswire) — Bad news disguised as good news? Reports continue that the status of land-based casinos, particularly in U.S. gambling mecca Las Vegas, are continuing to plummet. In August alone, the casinos dropped 9.3 percent in revenue, representing the 20th straight month of losses.Read full article
15 October 2009Shares Plunge in Macau Gaming
The government of Macau has caused the financial world a mild heart attack. They have announced that they were going to raise the minimum entry and employment age for the casinos from 18 to 21. They also announced a cap to the total number of gaming tables in Macau and also relocated slot machines to commercial areas. By the middle of this year, there were 4390 gaming tables in Macau. A bill to raise the age limits wills be submitted to the Legislative Assembly within a few months.Read full article
14 October 2009Could This be Bad News For Industry From China?
The economic turndown in the world economy has hit everyone, including the gaming industry. In Las Vegas, convention business was down 30.2 percent for the past year. Visitors to Vegas were down 3.7 percent, for 15 consecutive months for falling numbers. Room occupancy was down 6.2 percent for the last year. Add to that, MGM Mirage’s City Center project is expected to open by the end of the year, adding another 6000 rooms needing to be filled to the problem.Read full article
13 October 2009Progressive Jackpot Major Millions Hitting Below Normal
The big question on the minds of progressive jackpot online slot game high rollers is: are recent events just an aberration or is it a changing in the game. Two of Microgaming’s biggest online PJP slots have recently been hit for far less than their normal averages. The two games hit this month are Major Millions and Mega Moolah.Major Millions hit a few days ago for just over $300,000. A great hit until you consider that after it opened in 2002, it hit for $1.Read full article
10 October 2009France’s National Assembly Passes Bill That Forces to Re Register Players
France has passed a new amendment to their law regulating online gaming which goes into effect next year. It forces online gaming operators to close out the accounts of their French players when the law takes effect. They will then have to apply for a license to open new accounts for French players 5 to 6 months later in May or June of 2010. The French government plans to issue licenses by June 2010, in time to coincide with thefootball World Cup in South Africa beginning that month.Read full article
08 October 2009California and the Online Gambling Battle
Legislators in the California State Legislature are lining up for battle this winter. The proponents for online gambling are readying to introduce a bill to legalize online poker in that state. They say that intrastate gambling, which is one of the loop holes in the federal Unlawful Internet Gambling Enforcement Act of 2006, can help ease the state’s financial woes. Illegal internet gambling is still happening, and proponents say that the state gets no benefits from it.Read full article
06 October 2009Sports Minister from Poland Quits In Middle of Gambling Law Inquiry
Miroslaw Drzewiecki, Sports Minister of Poland, resigned his position Monday amid allegations of corruption. His name was mentioned in transcripts in connection to an anticorruption investigation. He is alleged to have tried to use his influence to help pass a new gambling law benefiting the gambling industry. The transcripts were of recorded conversations between a member of parliament and the owners of gambling companies.Read full article
05 October 2009Millions Spent by Casinos for Big Losers Feel Like Winners
Now when you read this you will say “Now does this help people with problem gambling?” I really do not see how. By rewarding an addict is not helping them. I think they should try to help these players instead or rewarding them. Recently, a gambler in Canada reportedly lost $1.2 million in a gambling spree that lasted less than 2 years. The casinos, bless their loving, generous hearts, rewarded him with Rolex and Tag Heuer watches, limo rides and theatre tickets.Read full article
02 October 2009Barney Frank and Other Members Ask for Delay Implementing UIGEA Laws
This letter was sent to the Treasury Secretary asking the to postpone the implementation of the UIGEA Laws. We give another big thumbs up for Mr. Frank and his stand with us on the UIGEA and the enforcement of this impossible law. Washington, DC – Financial Services Committee Chairman Barney Frank (D-MA), Homeland Security Committee Ranking Member Peter King (R-NY), Financial Institutions Subcommittee Chairman Luis V.Read full article
29 September 2009Industry Eyes Watching France
News coming out of France is extremely encouraging for the online gaming market. France has paved the way for the opening up of the internet gambling market in the summer of 2010. It is not legally official yet, but is very near. MECN, a consulting firm, has compiled a new report which suggests huge market growth. Online gambling is expected to reach Euro 1.7 billion in gross revenues by the year 2015. This is a 6 fold increase from the current level of 300 million gross Euros in revenue.Read full article
28 September 2009Online Gambling Legislation Will Fail Says Some Experts
Our government at work, it is a glorious and wondrous sight. Health care reform, probably. Economic overhaul, sure. Internet gambling regulation and legalization, many experts say not likely. Tony Cabot, former President of the International Masters of Gaming Law Association, says that with all the other work before congress, it is unlikely that gaming reform, with its small economic footprint, will be given any consideration. Internet gambling is not going to be a high priority.Read full article
22 September 2009Another Online Casino is Prey to the UIGEA
Federal Agents, under the guise of the Unlawful Internet Gambling Enforcement Act, has been investigating one of the most trusted online casinos.Golden Casino has seemingly been marred by the recent bank seizures in Maryland, with many believing that the seizures were related to investigations into the practices of Golden Casino. Federal Agents have been trying to infiltrate Golden Casino for some time by attempting to set up accounts in areas where online gambling is illegal.Read full article
21 September 2009Internet Gambling Revenue to Help Fund Health Care Reform?
This was sent out today from Safe and Secure Internet Gambling Initiative. They are purposing to use Internet Gambling Revenue to help to Fund the Health Care Reform. An increased focus on the benefits of Internet gambling regulation are expected as the Senate Finance Committee considers a proposal introduced on Saturday to use Internet gambling revenue to offset the costs of health care reform.Read full article
16 September 2009Owner of Lucky 18 Casino Arrested in Israel
Hold on to your socks, the wars against online gaming are spreading far and wide. On Thursday night, Asi Vaknin, Naftali Goldman, and Yonatan Grimberg were arrested in Israel by detectives from the police International and Serious Crimes division. They are suspected of money laundering and Vaknin is also suspected of making threats. When questioned for several hours, he maintained his right to remain silent.Read full article
11 September 2009Barney Frank Gets Help on Gambling Bill
The pro online gambling forces have a new battle warrior to help in the fray. On Friday, Florida Governor Charlie Crist appointed George Lemieux to the U.S. Senate seat vacated by Mel Martinez. In 2007, LeMieux helped governor Crist iron out a gambling pact with the Seminole Indians in Florida. That pact was eventually struck down by the Florida State Supreme Court. The compact talks were restarted earlier this year and LeMieux has helped spear head the negotiations.Read full article
09 September 2009Problem Gambling Expert Says Online Casino Banning Not the Answer
Carol O’Hare who is the director of the Nevada Council on Problem Gambling stated THAT BANNING ONLINE GAMBLING IS NOT THE ANSWER. In speaking to the Las Vegas Sun, she urged that education and treatment is the most efficient method for problem gambling and not legal bans.Read full article
02 September 2009Seized Poker Funds To Stay Put
Big Brother, or if you prefer, the U. S. Government, is at it again. U.S. District Judge Jeffrey Miller, in San Diego ruled against lawyers for Account Services Inc. and the Poker Players Alliance, in an attempt to regain 13 million dollars seized by federal investigators. Account Services Inc is the company owned by Douglas Rennick, who is under indictment for bank fraud and money laundering charges, as well as conspiracy to operate an illegal gambling business.Read full article
31 August 2009Will New Slots Boost Revenue in Oregon?
The state of Oregon has installed over 400 new slot machines in the bars all around town. This will be only the start of over 2000 being installed. They are hoping this will help the downturn of the revenue trend.The Lottery Director Dale Penn, stated “We’re real hopeful that we can bring some players back and encourage others to play more,” He told this to the Associated Press.Read full article
27 August 2009Will Baltimore Have a Slot City?
According to the Washington Post today The Baltimore Entertainment Group is seeking to bring slot machine gambling to the city of Baltimore. They have revealed their vision for a mega casino. The mega casino will have slot machines and built on an industrial lot south of Ravens stadium.The Casino will be called “Celebration Casino” and will have 3,750 slot machines, employ over 1,000 employees and have the potential to bring in millions annually.Read full article
26 August 2009Delaware Sports Betting Blocked
On Monday, a three judge panel from the federal appeals court in Philadelphia ruled that the state of Delaware’s plan to allow sports betting would violate the federal ban on sports wagering. Delaware was ready to allow single game wagering to begin on September 1, just in time for the beginning of the 2009 football season.The ruling stated that Delaware’s new proposal violated the Professional and Amateur Sports Protection Act (PASPA) of 1992.Read full article
18 August 2009Gary Kaplan Pleads Guilty
Score one for the U.S Government’s persecution of its citizens. On Friday, Gary Kaplan, founder of BetOnSports.com pled guilty to racketeering conspiracy, violating the Wire Wager Act, and conspiring to violate the Wire Wager Act. With his guilty plea, all other charges were dropped. As part of the deal, he forfeits $43.6 million in illegally obtained monies from his illegal operations.Read full article