Gambling News

  • 15 October 2009

    Shares 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.

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  • 14 October 2009

    Could 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.

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  • 13 October 2009

    Progressive 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.

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  • 10 October 2009

    France’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.

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  • 08 October 2009

    California 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.

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  • 06 October 2009

    Sports 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.

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  • 05 October 2009

    Millions 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.

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  • 02 October 2009

    Barney 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.

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  • 30 September 2009

    David Carruthers Changes Guilty Plea

    This makes all of us wonder why he pled guilty in the first place. What difference this will make? Who knows?  Could it be our government has offered him something else? Only time will tell, no pun intended.

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  • 29 September 2009

    Industry 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.

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