Gambling News

  • 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.

    Read full article
  • 06 January 2007

    Perspectives Weekly for January 5th 2007

    Perspectives Weekly – January 5th, 2007 is out for viewing. Produced by APCW, Perspectives Weekly is always a highly entertaining and informative weekly video of what’s happening in the world of online gaming. This week J Todd discusses legalized online gambling in New York and PartyGaming. Best viewed with broadband or DSL.

    Read full article
  • 06 January 2007

    Progressive Jackpot Slots Winner Scores $1,745,475 on King Cashalot

    $1,745,475 Progressive Jackpot Hit on New Years Eve at Captain Cooks Casino Captain Cooks Casino, a flagship member of the Casino Rewards group http://www.casinorewards.com has done it again with the largest USD progressive jackpot ever won. Captain Cooks Casino is proud to announce one lucky player collected a whopping $1,745,475.28 from the popular progressive slot game King Cashalot on New Years Eve. What a way to kick off the New Year!!!

    Read full article
  • 31 December 2006

    ARTICLES REPORT ONLINE GAMBLING FIRMS IN 'RECOVERY'

    THE REGISTER By Burke Hansen in San Francisco Friday 29th December 2006 12:01 GMT House of Cards – A recovery in the online gaming economy act is gaining traction, according to several reports. The passage of the Unlawful Internet Gambling Enforcement Act by the US left a swath of economic misery in its wake, but efforts by the major players in the industry to refocus their energies on Europe and Asia are starting to pay dividends. Both Sportingbet.com and Partygaming.

    Read full article
  • 29 December 2006

    RECAP OF EVENTS THAT COST ONLINE GAMBLING INVESTORS BILLIONS

    THE BIRMINGHAM POST Dec 29 2006 Investors who gambled on the online gaming sector this year lost billions after the US effectively outlawed internet betting. Law-makers in Washington called “no more bets” when they forced through the controversial Unlawful Internet Gambling Enforcement Act on the back of an unrelated Bill enhancing port security. It came after two British gaming executives were arrested on American soil as the US raised the stakes against the industry.

    Read full article
  • 29 December 2006

    PARTYGAMING DEALING IN ONLINE GAMBLING PROPERTY

    THE TELEGRAPH (www.telegraph.co.uk) By Richard Blackden Last Updated: 6:38pm GMT 29/12/2006 Troubled Internet gambling group PartyGaming says the acquisition of assets from smaller rival Empire Online for about $66m will immediately lift profit next year. In the first round of consolidation in the industry, PartyGaming is buying several assets from Empire, including NoblePoker.com, EnterCasino.com and Carnivalcasino.com.

    Read full article
  • 29 December 2006

    PARTYGAMING WHEELING AND DEALING IN ONLINE GAMBLING FUTURE

    GUARDIAN UNLIMITED Julia Kollewe Friday December 29, 2006 Guardian Unlimited PartyGaming today snapped up the gambling assets of its smaller rivals Empire Online and Intercontinental Online Gaming for $66.3m (£33.7m) in shares. The acquisitions will add Empire’s Noble Poker and Club Dice casino websites to PartyGaming’s stable, as well as Intercontinental’s Fair Poker, Magic Box Casino and Miss Bingo sites.

    Read full article
  • 28 December 2006

    ONLINE GAMBLING'S PARTYGAMING ACQUIRES EMPIRE'S ONLINE ASSETS

    THE GUARDIAN Jane Martinson and Simon Bowers Thursday December 28, 2006 PartyGaming is to acquire the gaming assets belonging to its smaller rival Empire Online in a deal that could be announced as early as today. It is expected to be the first in a flurry of deals in the internet gambling sector in the wake of US anti-gambling legislation passed in October. The acquisition, which is understood to value Empire’s gaming assets at between $30m and $40m (£15.3m-£20.

    Read full article
  • 22 December 2006

    HARRAH'S ENTERTAINMENT SAYS OK TO BUYOUT BID

    USA TODAY Updated 12/19/2006 5:31 PM By Ryan Nakashima, Associated Press LAS VEGAS — Harrah’s Entertainment (HET), the world’s largest casino company, said Tuesday that its board has accepted a $17.1 billion buyout offer from two private equity groups. The agreement with Apollo Management Group and Texas Pacific Group for $90 per share includes the assumption of $10.7 billion in debt, and is the largest deal ever to take a publicly held casino company private.

    Read full article
  • 17 December 2006

    Europe Prepares To Liberate and Regulate Online Gambling

    MSNBC By Roger Blitz in London Updated: 25 minutes ago Any day now the Italian government is expected to show its hand on gambling. In a move viewed by many in the sector as the latest evidence of a shift towards the liberalisation of gambling in Europe, Rome will award new gaming licences to a range of national and international companies vying for the chance to run betting shops, kiosks, casinos and online services.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 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.

    Read full article
  • 05 December 2006

    US Newspaper Features Online Gaming /Sportsbetting/Poker Section

    In August 2006, the Metro Philadelphia Newspaper established a weekly Wednesday “Gaming Section” which publishes editorials containing Online Casinos, Poker and Sports Betting. Metro Philadelphia is the largest daily newspaper in Philadelphia. To stay in touch with their readership the paper considers the fact that a large part of their readership is young, internet savy and many visit casinos in nearby Atlantic City. Philadelphia also has several new slot parlors opening soon.

    Read full article
  • 05 December 2006

    GAMBLING CHANNEL FOLDS DUE TO UNCERTAINTY OF GAMBLING

    Variety Tuesday, December 5, 2006 By ED MEZA BERLIN — Paybox Premiere is pulling the plug on its much ballyhooed gambling channel Premiere Win due to the legal uncertainty of gambling offerings in Germany. Premiere ended its partnership with U.S. gaming firm Magnabet, which was the basis of Premiere Win. International online gambling companies have suffered an autumn of discontent after the U.S.

    Read full article
  • 04 December 2006

    LAS VEGAS SANDS SIGNS DEAL FOR ONLINE GAMLING SITE

    PR NEWSWIRE Agreement with Cantor Gaming will provide End-to-end Online Gaming Portal LAS VEGAS, Dec. 4 /PRNewswire-FirstCall/ — Las Vegas Sands Corp. (NYSE: LVS) today announced that an agreement has been reached between one of its affiliates and Cantor Gaming, an affiliate of the global financial services company Cantor Fitzgerald, to launch an online casino and poker site initially aimed at serving the United Kingdom market.

    Read full article
  • 04 December 2006

    Madrid Licenses Online Gambling, Followed Italy's Lead

    iGAMING BUSINESS 04-12-06 A host of bookmakers and online gambling companies are expected to flock to the Spanish market following the decision by Madrid’s regional government to regulate gaming through the introduction of licences.

    Read full article
  • 02 December 2006

    IT COULD BE CALLED 'THANK YOU FOR GAMBLING'

    EGamingPulse Friday, December 1 In the recent movie “Thank You for Smoking,” the hero–a tobacco lobbyist–comes under fire for working to protect people’s right to smoke. A similar movie could be made about gambling. The villain would be Rep. Bob Goodlatte (R-VA). Goodlatte has been fighting to enact legislation on Internet gambling for some time, and he can now finally claim a good deal of success with the passage of H.R.

    Read full article
  • 02 December 2006

    BETONSPORTS FACES LEGAL ACTION FROM ANTIGUA-BARBUDA REGULATOR

    Caribbean Net News Friday, December 1, 2006 ST JOHN’S, Antigua: The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda on Thursday announced that it has filed an application for a restraining order in the High Court of Justice, against BETonSPORTS (Antigua) Ltd.

    Read full article
  • 30 November 2006

    Sportingbet Reports Huge Online Gambling Losses - Castigates UK

    BBC NEWS Sportingbet has reported quarterly losses of £241.4m ($470.6m), after selling its US business for £1. The online gambling firm took a charge of £252m on exiting the US in October, shortly before new laws outlawing internet gaming came into force there. But it saw gross profit from its other gambling operations rise 48% to £31.7m, in the three months to 31 October.

    Read full article
  • 28 November 2006

    eCOGRA APPOINTS FORMER HEAD OF ACCTING FIRM TO BOARD

    LONDON, November 28, 2006 – eCOGRA (eCommerce and Online Gambling Regulation and Assurance) www.ecogra.org, the online gambling industry’s player protection and standards authority, has appointed a highly experienced leisure and gaming financial executive as an additional independent director on the Board.

    Read full article
  • 24 November 2006

    Russian Gambling Bill Making the Rounds - Wins Round One

    iGAMING BUSINESS 24-11-06 The Gambling Bill proposed by President Vladimir Putin in October, which plans to set up four gambling zones in Russia, has been approved at its first reading by the Duma last week by a vote of 440-0 and one abstention. The president had proposed the bill after the Interior Ministry launched an operation to check the financial, tax and sanitary-epidemiological documents of a variety of gambling establishments in the capital allegedly linked to the Georgian mafia.

    Read full article