• Gambling News

    • 10 August 2015

      Asset protection does not protect you from the Internal Revenue Service

      Dear Reader, This Blog could be one sentence long: “Asset protection does not protect you from the Internal Revenue Service!” Since some will doubt me, and many have tried to beat the Collector (the most powerful arm of the U.S. government targeted at citizens rather than terrorists), here are 10 reasons why asset protection is useless against the government. First, the homestead exemption does not apply to the IRS.

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    • 09 August 2015

      Unibet Purchases iGaming Holding in Continued Expansion

      In a move that expands in key areas, Unibet has purchased iGaming Holding plc. This deal was made for €59 million in cash, and another €20 million could be on the way based on future performance. This is a pretty typical deal for a purchase of this size, and it just goes to show that Unibet is continuing to expand. However, they aren't just expanding in any direction they can for the sake of it. Instead, they're growing in a very strategic way. Unibet Growth Strategy

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    • 05 August 2015

      Coingaming Launches Bitcoin Online Sportsbook Software

      When bitcoin started becoming popular a couple of years ago, one of the things that people naturally gravitated to was the idea that it could be used to fund online gambling accounts. The anonymous aspect of the transactions made it really easy to see some advantages of this. Coingaming was a software company that jumped at this opportunity and started created software solutions for operating online gambling sites based around bitcoin.

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    • 05 August 2015

      Amaya Sells Chartwell and CryptoLogic to NYX Gaming

      The Amaya Gaming Group has made an enormous amount of noise in the news over the past year, and they've done it again with a key deal that shows a lot about their investment strategies. They have sold Chartwell and CryptoLogic, two online casino software providers, to NYX Gaming. This deal was for $110 million in cash and $40 million in stock, and this comes after they've held both companies for less than four years. The Original Purchase Back in 2011, the Amaya Gaming Group bought Chartwell.

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    • 02 August 2015

      Malta Gaming Authority Pulls Three Mob-Linked Licenses

      In an interesting move, the director of Fenplay Ltd was arrested recently because of his connection with the 'Ndrangheta betting network. Vincenzo Giuliano was arrested along with 27 others in this investigation of the Italian mafia. Along these lines, Fenplay has seen its license suspended by the Malta Gaming Authority, and they have been told to stop all activities. Players are able to email the Malta Gaming Authority at support.mga@mga.org.

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    • 01 August 2015

      GVC Continues Push for Bwin.Party

      The bidding war for Bwin.Party has been primarily held between two groups. On the one hand, you have 888 Holdings, and on the other hand, you've had a cooperative effort between GVC and the Amaya Gaming Group. The GVC-Amaya cooperation was thought to have lost the bidding battle to 888 Holdings after an earlier announcement, but it seems like GVC just won't quit. They've announced a new offer to Bwin.

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    • 01 August 2015

      Rival Gaming Leaves the UK Market

      In the past couple of years, the United Kingdom has revamped how they handle the licensing and taxes for online gambling companies. This includes software companies that offer games to operators, and these new regulations have put a number of companies in a bind because of how difficult it is to stick to the guidelines that the UK requires for compliance. Rival Gaming is the latest in a number of companies who have decided to leave the market instead of sticking around. Why Did Rival Leave?

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    • 01 August 2015

      Beteagle Owner Joseph Graziano Gets 18-Month Sentence

      Beteagle is an online sportsbook that was owned by Joesph Graziano, and it offered its services to United States players. This earned him an 18-month prison sentence, a $1 million forfeiture, another $16,000 fine, and three years of supervised release. His associate Dominick J Barone had already pleaded guilty to related charges, and Joseph Lascala is set to be charged as well. These figures are all connected to organized crime in the area. The Useless Wire Act

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    • 27 July 2015

      Net Entertainment Offering Content for Gala Coral

      Net Entertainment has been expanding in a major way over the past few years, and they've made another big deal that's going to get their games in front of even more players. A new deal with the Gala Coral Group will see NetEnt games in Galabingo, Galacasinio and Coral. These are the Gala Colal's groups three top-performing brands, and it will get them in front of a ton of people who probably haven't seen their games before. Importance of the Deal

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    • 27 July 2015

      South Africa Plans Stronger Online Gambling Enforcement

      For more than 10 years, the topic of regulating online gambling has been debated back and forth. As it stands right now, most forms of online gambling are essentially illegal in the country. Though many politicians are able to point out why it makes sense to regulate the industry, there's still a lot of opposition. Most recently, the National Gaming Board is putting together a strategy to go after unlicensed operators offering their services to those in South Africa. Same Old Story

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    • 23 July 2015

      Information on the Bwin.Party Buyout Released

      There has been a massive bidding war going on for a while now when it comes to the sale of Bwin.Party. 888 Holdings has been competing primarily against a join cooperation between GVC and the Amaya Gaming Group, and they've recently suggested a big deal that includes almost a two percent premium on the recent closing prize for Bwin.Party. Details about this deal and the offer that 888 has given, and it covers a fair number of things that players will want to be aware of. Impact on Players

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    • 22 July 2015

      Betway to Innovate with Pub Ads on Screach Platform

      Being able to target key demographics is a major part of what can make an online gambling brand successful. Advertising is great, but if you're not advertising to the people who want to use your product, then it's not very useful. Betway has found a way to get into a lot of pubs where their potential customers are waiting, and that's with an exclusive advertising deal that has been made with the Screach platform. What is Screach?

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    • 22 July 2015

      888 Holdings Wins Bwin.Party Bidding War vs. GVC-Amaya

      For anyone who has been around the online gambling world for any amount of time can tell you, companies are constantly being bought and sold. Whether it's a large software company purchasing a smaller one to boost their portfolio and prevent future competition, or whether it's a large investment group buying up companies they believe are undervalued, there's always some kind of business news attached to the online gambling industry.

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    • 22 July 2015

      USA Anti-Online Gambling Lobby Grows Larger

      The lobbying effort against the expansion of US online gambling has continued to grow. Sheldon Adelson's Restoration of America's Wire Act is the main focus, and Squire Patton Boggs of Washington has joined the cause. This has been done through Adelson's Coalition to Stop Internet Gambling. This firm includes a number of major political figures, and it shows that the lobby against online gambling is continuing to grow. Major Political Figures

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    • 19 July 2015

      Unibet Buys Bookmaker Stan James Online Operations

      In the United Kingdom, the online gambling market has seen a bit of a chokehold put on it after regulations and licensing changed over the past couple of years. One of the major effects on the industry was that there aren't very many large online sports betting operations going, and that means that when a company like Unibet is looking to expand their market reach in the UK, they don't have many options for acquisitions.

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    • 01 July 2015

      Operator Primedice Taken for Over a Million in Bitcoin

      Bitcoin of what we think about when it comes to how currency works and the opportunities that come up when we have anonymous payment methods. A number of online gambling sites like Primedice have found themselves offering deposits and withdrawals in bitcoin as a sort of marketing ploy that's gained some sites a fair amount of attention. However, the anonymous factor, so often touted as a massive advantage, led to Primedice being fleeced for seven figures. Software Flaws

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    • 09 June 2015

      NetEnt Granted Spanish Online Gambling License

      The Directorate General for the Regulation of Gambling  has awarded a license to operate in Spain for Net Entertainment, and this comes just as they have allowed online casinos to offer slots. The timing doesn't seem to be coincidental, and it's a big step forward for the market as a whole. Net Entertainment's portfolio of games centers largely around online slots, and it's not necessarily the case that they'd be very popular in Spain without those titles being made available.</p>

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    • 02 June 2015

      Italian Regulator Blocks 5,000+ Illegal Gambling Sites

      The regulator for online gambling in Italy is the Agenzia delle Dogane e dei Monopoli, and they send out regular reports about their activities each year. This includes financial reports, but it also includes other information like the ways they have been enforcing rules about unlicensed sites operating in the country. This type of information in a recent report shows that they are doing a whole lot of blocking and going after illegal operators. Enforcement Measures

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    • 02 June 2015

      666Bet Announced They Have No Money to Repay Players

      One of the most important things that online gambling sites are supposed to do with money in player accounts is keep them in segregated bank accounts so that the funds don't mix with each other and so they do not mix with operating funds for the site itself. The point is that the money still belongs to the player at that point, even though it's in an account with the casino.

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    • 02 June 2015

      The Fight for Online Gambling Continues in South Africa

      In South Africa, there's a long and really interesting history when it comes to online gambling because it's been legalized and made illegal in various forms over and over again. Right now certain types of online gambling are legal like sports betting, but most forms are not. Geordin Hill-Lewis is a South African MP who has been fighting the good fight trying to get online gambling laws expanded, but he's running into a ton of opposition from the government. State of the Opposition

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    • 01 June 2015

      Police Union Finance Officer Stole One Million for Gambling

      It's not looking like a good time for the financial officer of the Queensland Police Union Kelly Harris. Harris is accused of stealing about a million dollars from union accounts over around six months. These allegations state that funds were moved to accounts that did not belong to the union where the funds were then used to bet online on horse races. Kelly has gotten a lawyer for himself, and it's going to be interesting to see how this one turns out. Important Points

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    • 27 May 2015

      California Continues Looking at Online Poker

      In hearings this week in the joint Senate-Assembly for the state of California, Governmental Organization committees heard expert testimony from several interesting parties that had a lot to say about the feasibility of vetting and licensing operators. They also heard from others who had other types of interest in the proposed legislation, and a strong case for online poker's expansion continued to be heard. Handling Regulated Online Poker

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    • 26 May 2015

      Online Gambling in the UK Has Grown at 8.3 Percent Annually

      Anyone who is involved in the online gambling industry in any capacity can tell you that it's growing, but we don't always get straight-forward numbers on just how much it is. The Gambling Commission of the United Kingdom, however, has been tracking values since 2008, and they have some very serious numbers that paint a clear picture about what growth in this industry has been like. The Real Growth From 2008 through 2015, participation in online gambling grew an average of 8.

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    • 19 May 2015

      Dutch Regulators Working With Isle of Man in New Agreement

      One of the main problems facing the online gambling world is that there are no unified rules about what should and shouldn't be allowed. There are no standards of behavior or for licensing, and because different countries have different rules on taxation, it wouldn't necessarily be helpful if they did. It's been a long time coming for countries to start working together more on this issue because independent licensing and accrediting groups can only do so much.

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    • 19 May 2015

      Romania Creates Questionable Retroactive Tax Policy for Online Gambling

      Romania has been a trouble area for online gambling legislation for a while, and for the past several years, they have been trying to get together some kind of comprehensive plan to create a better situation for licensing and regulation of the industry. All of that is finally over, and all that's left is the president's signature. However, one particular part of the soon-to-be law involves retroactive taxes for companies that were operating in the country since 2009. The Retroactive Tax Choice

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    • 19 May 2015

      Genii's New Spin16 Slots Platform Promises an Innovative Experience

      For a long time, the slots industry has been stuck in a certain mode of thinking, and this has prevented much in terms of high-level innovation. Instead, most innovation happens at the lower level with new features like wilds that move in different directions or new ways to trigger free spins bonus rounds.

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    • 18 May 2015

      Dutch Politicians Continue to Debate Internet Gambling Taxes

      Lawmakers in most countries are really good at two things: raising taxes and talking a lot. Heavy doses of both are underway right now as Dutch lawmakers debate the specifics of tax rates for the upcoming licensed online gambling that will be underway for the Remote Gaming Act. The major point of contention is that the original rate of 20 percent that was suggested is lower than the 29 percent rate that's paid by land-based establishments.

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    • 18 May 2015

      More Growth Means Microgaming Gets New Office Expansion

      The Isle of Man has been the home of Microgaming for well over a decade, and they have been growing for the nearly 20 years that they have been in operation. Along these lines, it's not all that surprising that they are needing to expand to even more office space soon. They're going to be doing so through the use of a skywalk that will connect the building they are currently in and the new building that will house some of their expanded offices.

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    • 18 May 2015

      1x2Gaming Releases New Dark Thirst Video Slot

      Tons of online casino software developers are out there, and a lot of them have trouble competing with the big dogs in the industry because of the sheer number of games that some of the top companies have in game development space. In the cases of companies that have been able to challenge the "old guard," it's almost always been because they produced higher quality titles. That's exactly the route that 1x2Gaming is hoping to take with their newest game. About This New Title

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    • 18 May 2015

      Nektan Accumulates £7.1 Million in Investments

      In the online gambling world, mobile has been the fastest-growing sector for several years in a row, and this is where all of the newest innovations are being made. Mobile software provider Nektan is one of the companies leading the charge in this particular arena, and they've built up a tremendous amount of momentum. This momentum has recently led to £7.1 million in financing from their latest round, and they have explicitly stated that these funds will be used to continue their growth.

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