• Gambling News

    • 15 January 2007

      FOUNDERS OF NETELLER ARRESTED ON BOTH COASTS OF U.S.

      It has been reported that the founding partners of Neteller were arrested today, one on the west coast in Los Angeles and one on the east coast in New York.Steve Lawrence and John LeFevre established Neteller in 1999 although both are now removed from the company, John in 2002 and Steve as of October 13th, 2006. Many will recognize that as the date the UIGEA and Safe Port act was signed into law by President Bush.

      Read full article
    • 13 January 2007

      MANSION DENIES RUMORS OF PLANS TO CLOSE ONLINE GAMBLING OPERATIONS

      E-GAMING REVIEW Mansion has denied industry rumours that it is undertaking a re-organisation that will see it close the majority of its online operations. According to sources Mansion is to concentrate on being a “high-end offline and online casino” operation in conjunction with Mansion owner Putra Sampoerna’s London casino Les Ambassadeurs. The company said they were “unsubstantiated rumours”.

      Read full article
    • 13 January 2007

      VICTOR CHANDLER CEO ISSUES STATEMENT ON HIS DETAINMENT IN ISRAEL

      Victor Chandler chief clarifies Israel meeting E-GAMING REVIEW Michael Carlton, chief executive of Victor Chandler, has issued a statement regarding his questioning by Israeli authorities on Wednesday 10 January. “I traveled to Israel for a preplanned meeting with government ministers, at their invitation, regarding licensing arrangements in the country.

      Read full article
    • 13 January 2007

      ONLINE GAMBLING NEWS IN PERSPECTIVES WEEKLY - JANUARY 12, 2007

      Perspectives Weekly – January 12, 2007 has been released and this video will give you chills… literally! This week’s installment covers gaming news from the UK and China, preliminary audit results of some major online poker rooms and affiliate spamming that goes over and beyond the walls of decency. Perspectives Weekly is produced by APCW and is always a highly entertaining and informative video of what’s happening in the online gambling world.

      Read full article
    • 13 January 2007

      PartyGaming Confirms Founder's Sell Off Of Shares

      THE GUARDIAN Simon Bowers Friday January 12, 2007 PartyGaming’s co-founder Vikrant Bhargava, who stepped down as marketing director last month, is believed to have raised about £50m through the placing of a 4.1% stake in the company – a move which could mark the first of a series of share sales among the four founder shareholders in the online gambling group. The placing of 160m shares is believed to have been made by the brokers UBS at 30.5p – a 9.

      Read full article
    • 13 January 2007

      Israel Holds Victor Chandler CEO Several Hours In Online Gambling Crackdown

      TIMES ONLINE Dominic Walsh The chief executive of Victor Chandler International (VCI), the online bookmaker, has been detained by the Israeli authorities in the latest crackdown on the internet gambling industry. Michael Carlton is understood to have spent two hours helping the authorities with their inquiries before being released and allowed to return via London to the company’s headquarters in Gibraltar.

      Read full article
    • 11 January 2007

      ONLINE POKER ROOM PARBET.COM SOLD TO CRYPTOLOGIC

      CryptoLogic enters the acquisition market by agreeing to buy the poker brand and assets of Parbet.com, a Scandanavian based online poker room. The deal will be brokered using WagerLogic, a division of CryptoLogic, whereby $9 million euro will be paid for Parbet brand and assets and an additional amount no greater than $4 million euro upon improved performance of assets after 6 months. CryptoLogic projects this action will add approximately $2 million to this year’s earnings.

      Read full article
    • 08 January 2007

      Reported Turkish Legislation Will Censor Online Gambling

      As recorded by various sources, the Turkish newspaper Yeni Safak reports that new legislation has been introduced by Turkish authorities directed at censoring what was described as ‘indecent broadcasting and online gambling’.

      Read full article
    • 08 January 2007

      Online Poker Pioneer Increases Shareholdings In Spite Of Slump

      TIMES ONLINE Empire Online has had a torrid time along with the rest of the online-gaming sector following the passing of legislation in America that has in effect banned internet gambling. Last year’s reversal triggered the departure of non-executive chairman Leonard Steinberg, and halted the group’s US business, which it said will have a “material” impact on future earnings.

      Read full article
    • 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
    • 04 January 2007

      CASINO SOFTWARE PROVIDER & ONLINE GAMBLING CASINO STRIKE DEAL

      Yahoo! Playtech Announces New Software Licensing Agreement With PartyGaming Plc (‘PartyGaming’) Tuesday January 2, 7:05 am ET

      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