The Microgaming-powered and eCOGRA-accredited tier one online gambling operations of Purple Lounge Limited have been acquired by Justin Drummond’s London-based Media Corporation for GBP 465 000.
The UK media has characterised as “selling off the family silver” the British government’s announcement that it is to sell state assets to help balance the books.
One of the more interesting articles published on Internet gambling over the weekend appeared on Sunday in the Malta publication Malta Today.
The boom days that saw global gambling operators rushing to open lavish establishments in Macau may be gone following news that the Chinese government and existing licensees are considering restrictions on further expansion.
A 22-year-old computer graduate from the University of Dundee, Kris Zutis, has developed a computer system for detecting card counters and pinpointing dealer errors.
THe UK-based gambling giant William Hill plc is considering the issue of bonds to raise as much as GBP 200 million in cash from investors, the Financial Times reported over the weekend, pointing out that as recently as February 2009 the company had raised GBP 350 million in a rights issue.
Befair’s licensing renewals in the Australian state of Tasmania continue to generate heated debate as the international betting company’s Australasian division negotiates its next kicensing period.
The Reuters news agency reports that the investment arm of a major UK bank is now monitoring several high profile online gambling companies following increased interest in the sector.
Online players at Intercasino.com are currently enjoying three new releases promised by gambling software developer Cryptologic at the recent EiG conference and expo.
Atlantic City gambling revenues continue to be a cause for concern, although the decline seems to be slowing, according to September statistics released late last week.
Chinese lottery authorities report that a new record has been set for lottery wins in the country, according to the newspaper China Daily.
A player from the north east of England who wishes to remain anonymous became Internet gambling’s latest major winner over the weekend when his GBP2.25 wager on the King Cashalot online slot delivered a stunning GBP 1 031 985.20 jackpot.
England’s top football boss wants a complete ban on betting on the national game by players, managers and officials, reports Associated Press.
The ban on gambling in the Ukraine, which has followed similarly draconian moves by the Russian government, has seriously damaged the industry in that country, but gambling operators are finding Internet-based workarounds in order to survive.
It’s cutting things rather fine, but hopes remain that Congressman Barney Frank’s bid to regulate online gambling in the United States – Bill HR 2267 – will be heard before the current session of Congress closes.
Predictive software that generated horseracing wins of 16 billion yen; a mysterious Briton who slipped away despite surrendering his passport; frustrated Japanese taxmen and a well timed death look like the ingredients for a great whodunnit novel, but according to the Asahi Shimbun its reality all the way.
Yet another amendment to the French draft legislation on gambling currently being debated by the National Assembly is creating waves in the industry.
Tasmania’s bold move into the online gambling regulatory sector is being opposed by the Green party following the Bartlett government’s decision to remove taxes for corporate bookmakers and instead apply a flat annual fee.
The French draft law to liberalise the gambling industry in that country is currently being debated by the National Assembly , but news of late amendments to the draft is unlikely to please online betting exchange giant Betfair.
The vital importance of ensuring that responsible gambling programs are maintained at the highest levels of efficiency by gambling operators was highlighted this week by the news that appeals for help to problem gambling charity Gamcare have increased by 20 percent.
Last month’s alarming claims by a UK academic that online gambling is more likely to create problem gamblers than offline equivalents have been challenged by a gambling expert.
The stressed economic situation continues to impact Nevada land gambling venues according to official figures for August 2009, which show that casinos won $847 million from gamblers in August, a 9.3 percent decline compared with the same month in 2008.
2010’s Winter Olympics plans for Vancouver in the British Columbia province of Canada include a ban on betting on ice hockey, but a lottery executive says that this will merely direct punters to betting sites on the Internet and outside the reach of Canadian authorities.
Denmark’s draft law designed to appease the European Commission and create a more open but still limited online gambling market in the Scandinavian country ran into difficulties with the Commission this week.