Amid speculation by some analysts that it’s tax bill for Spain could go as high as $20 million, a 888 Holdings source told the Reuters news agency this week that in fact it will be less than half that. 888, along with other industry giants like Bwin.Party, Sportingbet and Betfair have all indicated they are …
A free sports betting website from the Delmar, New York-based Five1Eight Internet Media LLC debuted this week. The sports wagering website BetBomb.com takes care to emphasise it is not a gambling site but allows players to make picks against real spreads, lines and totals for all major league sports and some college sports including MLB, …
Despite the prohibition of operating and advertising real money online casinos in Switzerland, The Swiss Casinos Group launched a free to play online casino into the Swiss market this week, effectively laying the foundation for real-money play should legal reform come about. The new online casino, accessed through a dedicated tab on the Swiss Casinos …
News emerging from Australian media suggests a change of heart by the country’s Federal Government on online in-play betting and cash poker games. The Herald reports a Federal Government briefing earlier this month directed at the Australian gaming industry on a proposal which would allow the two forms of gambling. Supporting the speculation, various media …
A collaboration between the Talisman Group and table game technology provider DEQ Systems Corp. has seen the launch of DEQ’s EZ Baccarat as a free-play app in the social gaming environment. The game accelerates the speed of baccarat by eliminating commission and allows optional side wagers during play called Dragon 7 and Panda 8’s. “This …
Malta-registered online gambling firm Redbet Holding AB released its first quarter 2012 results this week, showing progress towards turning around the company’s fortunes, despite higher costs impacting its bottom line. Key performance indicators for the three month period ending March 31 2012 include: – Operating revenues amounting to SEK 24.5 million (Q1/2011: SEK 17.2 million), …
Roger Withers, chairman of Pool and tote betting firm Sportech, announced steady progress in a trading update delivered at a shareholders meeting this week. Reporting a strong start to the company’s fiscal year in e-gaming, with gross win revenue up over 30 percent year-on-year, Sportech’s North American business Sportech Racing has delivered a 4.5 percent …
If state Senator Tony Avella has his way, New York will soon join those states that seek to overturn or bypass the Professional and Amateur Sports Protection Act of 1992, which restricts sportsbetting to just four states and is facing possible challenges by New Jersey and other states. The New York Post reports that Avella …
The gambling authority of the Australian Capital Territory is under investigation over its role in the multi-million dollar collapse of online betting enterprise Sports Alive last year, says the Canberra Times. The ACT Ombudsman’s office has confirmed that it is looking at 13 complaints by punters left out of pocket and who want to take …
There are ambitious plans afoot for one of the four remote areas designated by the Russian government as legalised gambling areas, with avid Chinese gamblers the main target for a major gambling resort complex in the largely industrial and naval city of Vladivostok, a two-hour flight from South Korea and Japan. The hope is that …
Following a month of extensive player testing in beta format, the new social gaming slots site Trophy Slots, has announced it is now fully operational on Facebook. “Launching out of BETA is a big milestone for us, not only because we are going live, but also because we have successfully optimized the game with the …
It appears from an interview published in CardPlayer Tuesday that the trade body representing land casino interests in Colorado, the Colorado Gaming Association, has ambitions to introduce an online gambling legalisation bill to the state Legislature next year. The executive director of the body, Lois Rice, told CardPlayer that the CGA has already drafted a …
Hitting the headlines on the publication Philly.com Tuesday was the arrest of 13 alleged members of the Genovese crime family by the FBI, accused of running a multi-million sports betting enterprise through a website, Beteagle.com, in Costa Rica. Those detained included an 80-year-old and his 72-year-old top lieutenant, accused of racketeering and conspiracy offences connected …
Betgenius Limited, a provider of data-driven software solutions to the global sports betting industry, has signed an agreement with Betfair to supply its automated sportsbook management products. Betgenius will help power Betfair’s power new fixed-odds product which is already available in some regions and will continue to be launched into other existing and newly regulated …
Annual online sales in the British national lottery, the biggest source of UK internet gambling wagers, have soared by GBP 216.7 million to a record GBP 1.04 billion, the operator Camelot reports, noting that interactive and subscription sales were up more than 25 percent. Instant play games generated GBP 1.725 billion, a GBP 289.9 million …
Atlantis Internet Group Corp. has signed two more US tribes to its Tribal Gaming Network (TGN), a private gaming network that links Indian Casinos nationwide. The latest two tribes to join the network are the White Earth Nation, the largest Tribe located in Minnesota and Big Lagoon Rancheria from Northern California. White Earth has agreed …
Following the announcement yesterday that Bwin.Party is to pay the retro-active Spanish online gambling tax, rival group Sportingbet has announced that it will also pay up, assessing that this will cost the company Euro 14 million, plus surcharges and interest of up to Euro 3.2 million. “The payment of these taxes maximises the likelihood of …
The cat-and-mouse game played between online gambling operators and so-called advantage players has resulted in hugely complicated and lengthy Terms and Conditions at many online venues, and bitter debates over their application. This week a UK court threw out a spread betting firm’s case, ruling that the company’s 49-page terms and conditions were an “unfair …
Following its frenetic IPO launch at $42.05 a share last Friday, social networking site Facebook was back at $38.23 – Thursday’s proposed price – by afternoon trading Monday, disappointing many analysts and investors. During initial trading the stock rose as high as $45, only to drop back as the day wore on. Media reports were …
The China Daily newspaper reports that lottery sales in China increased 26.4 percent year-on-year in April to reach 23.58 billion yuan ($3.73 billion), according to Ministry of Finance numbers released today (Tuesday.) Welfare lottery ticket sales amounted to 13.35 billion yuan in April, up 26.1 percent from a year ago, while sales of sports lottery …
Operating an internet gambling shop in Malaysia’s heavily enforced anti-gambling environment is a risky venture at the best of times; reopening in the same location after a police raid is just asking for trouble, as an unnamed operator found to his cost over the weekend. Just weeks after being prosecuted – and losing valuable computer …
Jody K., a young mother on maternity leave, had a lucky run when she won a $172 320 progressive jackpot playing the Enchanted Gems slot at WinADay Casino.com. The excited winner was looking forward to shopping for her kids and will invest the rest in their education.
At last the Maltese Lotteries and Gaming Authority (LGA) has responded on the Purple Lounge issue with a brief public statement on its website revealing that Purple Lounge (Malta) Limited requested that the LGA terminate its licences on April, 23 2012. The Authority assures readers that it terminated the licences only after it had confirmed …
.party Digital has taken exception to its inclusion on the Belgian Gaming Commission’s black list and has reportedly initiated an interim injunction against the Gaming Commission and the Belgian Federal Justice Minister Annemie Turtelboom. According to Belgian publication L’Echo, the summary procedure was instituted at the Court of First Instance in Brussels late last week …