Turnover from Internet gambling on the Mediterranean island of Cyprus – legal home to the offices of many online gambling companies – reached Euro 2.5 billion in 2008 and is expected to balloon to over Euro 5 billion by 2012, the Cyprus Mail reported this week.
Despite draconian restrictions and an aggressive enforcement regime, US gamblers are still playiing their favourite casino games online, according to a recent survey of American players published by the Mintel research organisation.
In an opinion on two cases currently before the European Court of Justice, Advocate General Paulo Mengozzi has outlined some of the legal difficulties which Internet technology has introduced into the international debate in Europe and the question of harmonisation of regulations.
The French gambling authorities appear to have provoked land gambling group Stanleybet into legal action, judging by a recent statement from the betting company.
The Manx eGaming Association, a group of Isle of Man-based remote gaming companies, has published results of a survey which shows employment within the sector rose by 18 percent in 2009 and is forecast to rise another 20 percent in 2010.
The Canadian provincial government of Nova Scotia, always on the lookout for aids to assist gamblers in hewing to responsible gambling principles, has published an article on an interesting new development in the genre.
The giant Gibraltar-based online gambling group PartyGaming plc has posted its full year 2009 numbers, recording lower revenues and some losses in a tough economic period.
The Kansas City Grand Jury investigation into online sports betting has delivered another guilty plea in a federal court.
The Malta-based scratchcard developer that appears to have dominated that gambling genre in a remarkably short space of time has released another new game.
The extensive website revamp by Intercasino.com is being marked by a special promotion that will give the winning punter a sky-high thrill.
Boylesports has signed a deal with the dedicated UK sports betting TV service The Betting Channel to sponsor segments of the channel’s output.
Online gambling group Sportingbet plc has posted an increase in second quarter profits of 18 percent, thanks mainly to growth in the football betting sector.
The Saskatchewan Liquor and Gaming Authority in Canada is paying for a campaign to educate young people about the dangers of gambling, reports the Canadian Broadcasting Corporation.
Affiliate marketers on the books of the popular RTG-powered online casino All Star Slots.com were advised this week that their interests would be safeguarded following the acquisition of the company by the respected Club World Group of online casinos.
Microgaming will be releasing its latest new games on March 4th, according to an operator press release this week.
The Irish online and land betting group Paddy Power felt the pain of weaker Irish and UK economies and a run of results that favoured the punter last year, it revealed as it posted its 2009 numbers this week.
Macau, the gambling island off the Chinese coast, continued to stage a significant recovery from past economic doldrums in February, posting gambling revenues of 13.5 billion patacas ($1.69 billion), an increase of about 69 percent over the same period of last year, the Macau Post Daily reported this week.
Online gambling software developer Cryptologic released its financial results for the three months and full year ended December 31, 2009 this week, showing reduced revenues as a result of lower wagering activity across the industry, adverse currency factors, and a reduced contribution from a key licensee.
The McClatchy-Tribune Information service reports that an online gambling market estimated to be worth $20 billion globally this year continues to attract pro-online gambling investment in lobbying activities.
Britain’s biggest lottery winners yet, Nigel Page and Justine Laycock, generously acknowledged the 20 year loyalty of their house cleaner Denise Kelso this week, gifting her with their former GBP 400 000, four-bedroomed home and throwing in a car for good measure.
The Bulgarian government is doing rather well out of gambling taxation, according to the Sega Daily newspaper…so well that profits declared by gambling companies exceeded those of the entire Bulgarian banking system in 2009.
A German immigrant in Naples, Florida is in detention and under investigation by the federal authorities on allegations that he acted as a conduit for payments to Internet poker players.
The US state that achieved international notoriety by attempting to seize international online gambling domains on protectionist and moral grounds – Kentucky – has just passed a law designed to tax….online gamblers!
Commenting on the recent slew of arrests in raids on Internet gambling operations in China, a director of the government’s cyber security bureau warned this week that there was more of the same in the pipeline.