• Gambling News

    • 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
    • 23 November 2006

      RX.com Launches a Universal Gambling Portal - TheRXCasinos.com

      (PRWEB) November 23, 2006 — TheRXCasinos.com, the first in a series of new online gambling portal Web sites from TheRX.com, announces its Web site launch today.The well-established sports information Web site, TheRX.com promises its new Web site, TheRXCasinos.com to be the first of a sequence of new Web sites set to expand upon TheRX.com’s success, with each new site having its own distinct focus.As the name suggests, TheRXCasinos.com will center itself upon the online casino industry.

      Read full article
    • 21 November 2006

      Tiny Antigua Grabs The US By Its Illegal, Online Dice

      THE REGISTER By Burke Hansen in San Francisco Tuesday 21st November 2006 Has the time actually come for Congress to read its own legislation? In the wee hours before Congressmen could head off for their election year recess, they managed to churn out a mound of unread anti-gambling legislation. In their haste to vacate, the lawmakers added fuel to a smoldering trade dispute between the tiny island paradise of Antigua and the superpower to the north.

      Read full article
    • 20 November 2006

      ANTIGUA AMBASSADOR THINKS NEW US CONGRESS MAY PROVIDE HOPE FOR ONLINE GAMING

      THE ANTIGUA SUN Monday November 20 2006 As speculation about how the upcoming change in the make-up of the US Congress and House of Representatives may impact on Antigua & Barbuda’s economic interests, at least one senior diplomat is holding out hope that some changes might come about on key issues.

      Read full article
    • 19 November 2006

      EXPERTS WARN IT MAY BE YEARS BEFORE CONGRESS ADDRESSES ONLINE GAMBLING REGULATION

      LAS VEGAS SUN By Liz Benston November 19, 2006 While the gaming industry is heralding the appointment of casino-friendly Democrats to key positions of power in Washington, experts warn that it could take many years before Congress will be willing to consider regulating online gambling. “If it comes up again, they’re going to say, ‘We’ve already dealt with that issue,’ ” said David Stewart, a Washington attorney who advises the American Gaming Association.

      Read full article
    • 19 November 2006

      GAMBLERS STILL HOLD A GRUDGE AGAINST ONLINE GAMBLING BAN

      LAS VEGAS SUN By Liz Benston November 19, 2006 Passing bills in the dead of night without a lick of debate was business as usual in President Bush’s Republican-controlled Congress. But the details behind the October passage of a controversial Internet gambling prohibition bill was enough to make even jaded political observers’ hair stand on end.

      Read full article
    • 18 November 2006

      PARTYGAMING'S DIXIT PLUMMETS DOWN FORBES LIST OF RICHEST INDIANS

      MONEYCONTROL (www.moneycontrol.com) 2006-11-18 11:29 The Forbes list of richest Indians is out and India’s top 10 have seen their net worth skyrocket almost 60 % in a year reports CNBC-TV18. The top 10 Indian billionaires have added USD 64 billion to their net worth in a year. Lakshmi Mittal, who is also the world’s third richest man, has been crowned the richest Indian once again this year.

      Read full article
    • 16 November 2006

      CASINO EXECUTIVES SPEAK OUT ON INTERNET GAMBLING BAN

      YAHOO NEWS By RYAN NAKASHIMA, Associated Press Writer Thu Nov 16, 12:37 AM ET LAS VEGAS – Casino executives and a poker lobby group said that they hope a change in power brought by the midterm elections will help them overturn an Internet gambling ban rushed through Congress while Republicans were still in control. MGM Mirage Inc. chief executive Terry Lanni said Wednesday that the measure is “ridiculous” because it was signed into law Oct.

      Read full article
    • 16 November 2006

      30 CHARGED IN NEW YORK WITH OPERATING AN ILLEGAL ONLINE GAMBLING OPERATION / ONLINE BOOKMAKING

      PC WORLD Grant Gross, IDG News Service 16/11/2006 06:48:17 Twenty-seven people and three corporations face charges related to operating an illegal online gambling operation in indictments announced Wednesday by the Queens District Attorney’s Office and the New York City Police Department. The defendants operated a “highly sophisticated” gambling operation that booked more than US$3.3 billion in wagers over 28 months, the law enforcement authorities said.

      Read full article
    • 16 November 2006

      GAMBLING SITE WEB REQUESTS UP IN SPITE OF US LEGISLATOIN

      BUSINESS WIRE LONDON & SAN MATEO, Calif.–(BUSINESS WIRE)–ScanSafe, the leading global provider of Web Security-as-a-Service, today released its latest Global Threat Report on Web and instant messaging (IM), spyware and Web viruses. Among the report’s key findings, the company saw a 40 percent increase in U.S.

      Read full article
    • 16 November 2006

      TECH ADVANCES AND INTERNATIONAL EXPANSION HERALDED AT G2E

      November 16, 2006 08:49 AM Eastern Time BUSINESS WIRE Panelists Reaffirm Their Commitment to Responsible Gaming Global Gaming Expo 2006 LAS VEGAS–(BUSINESS WIRE)–Technological advancements and the international expansion of gaming dominated the discussion at Wednesday’s G2E keynote panel as international industry leaders gave their insights on what will define the next generation of global gaming. Moderated by American Gaming Association (AGA) President and CEO Frank J.

      Read full article
    • 13 November 2006

      POWER PLAY: PLAYTECH TO PURCHASE RIVAL FIRM TRIBECA

      REUTERS UK Mon Nov 13, 2006 9:58 AM GMT31 By Pete Harrison LONDON (Reuters) – Gambling software maker Playtech (PTEC.L: Quote, Profile, Research) agreed to buy rival Tribeca for $75 million (39 million pounds) on Monday to create a company twice the size of its nearest competitor.

      Read full article
    • 10 November 2006

      BETONSPORTS BANNED PERMANENTLY FROM THE U.S.

      CNN MONEY BetOnSports ban separate from tax suit against company executives. November 10 2006: 4:29 PM EST ST. LOUIS (Reuters) — BETonSPORTS Plc and government prosecutors agreed Thursday on a court order permanently restraining the indicted online gaming company from taking bets in the United States, according to a release from a U.S. Attorney Catherine L. Hanaway.

      Read full article