Neovia’s (formerly Neteller) proposed acquisition of IDT Financial Services Holdings Limited has been abandoned, the online financial group announced just before the weekend.
The bombastic Dutch Justice Minister Ernst Hirsch Ballin, who is developing something of a reputation for throwing his weight around and pushing the boundaries of his authority, was at it again this week, warning television and production companies against creating poker entertainment programs.
Serendipity Investment and satellite gaming channel Eurosport have obtained an Alderney online gaming licence which will enable the partnership to go ahead with plans to launch an online betting service branded Eurosportbet.co.uk.
Two major progressive slot hits recently have encouraged fans of the genre, which regularly throws up newsworthy wins from a variety of games furnished by a diversity of industry software providers.
Land and online gambling group Ladbrokes has gone on the offensive against gambling monopolies in Scandinavia, embarking on a major TV advertising campaign in the region.
A combination of illegal land gambling and Internet casino availability is costing the economy of the Mediterranean island of Cyprus Euro 2.5 billion a year, reports the Cyprus Mail.
A Canadian high roller is being sought by Nevada prosecutors this week for failing to pay gambling debts totalling $5 million to state land casinos.
Delaware governor Jack Markell may not yet have full political authority from the state legislature to introduce sports betting, but he’s budgetting for it this year to improve the cash-strapped state’s revenues.
The long-running legal dispute between Montreal’s T.2 Marketing and the Ottawa online gambling software company Rival Gaming, associated company 6300511 Canada Inc., and four individual Canadian citizens named in the court documents is still in progress, with no settlement at present, according to T.2’s legal representative, Gordon Levine of Kugler-Kandestin LLP.
Internet business research specialists Research and Markets.com’s latest survey, “Betting & Gaming Industry – Business Ratio Report”, compares the financial performance of the leading players in this industry sector, offering a quick and cost-effective competitor analysis tool for senior management.
The recent launch of French land casino company Lucien Barriere’s new 3D online casino, Le Croupier.com, is backed by a seven figure marketing budget, reports NetImperative.
The Canadian online gambling software provider Chartwell Technology posted weak Q.1 2009 results this week, reporting a drop in revenues from casino and poker operations of 21 percent to Cdn$ 4.6 million compared to the corresponding period a year earlier.
Online gambling operator AsianLogic has shelved its P115-million investment in Philippes listed Leisure & Resorts World Corp. (LRWC), citing weak market conditions, reports Business Week.
Unconfirmed industry rumour is currently suggesting that creditors of the liquidated Australian online gambling group Tusk may get 20 cents in the dollar following the release of a liquidator’s report on March 9 at http://ppb.ethan.com.au/Report_to_Creditors-March09.pdf.
Legal action against Austria has been halted by the European Commission in cases of player discimination after the Austrians reformed laws designed to protect players.
New revelations on the leaked Australian government secret blocked site list at Wikileaks are adding fuel to the fire Downunder, with the online betting exchange group Betfair reportedly on the list of sites which government agency the Australian Communications and Media Authority wants ISPs to block.
Releasing its 2008 full year results this week, online gambling software developer Playtech has reported a surge in profits, driven by strong growth in revenues.
The Malaysia police were again active in an anti-Internet gambling clampdown this week, raiding a number of cyber cafes and confiscating a significant amount of computer equipment.
The white hot controversy over the attempts by the Australian government to censor the Internet erupted again in Australia this week as a leaked blacklist surfaced on the Wikileaks website.
Also using the UK Gambling Commission numbers this week was the political opposition Conservative Party, which claimed that ‘nearly a quarter of a million more’ people gambled online last year compared to 2007 when advertising was permitted for the first time.
Well known for its sometimes sensationalised opposition to Internet gambling, the UK newspaper the Daily Mail this week sported headlines bellowing that “Nearly 200,000 ‘are hooked on online gambling’”, going on to suggest that the Labour government’s “lax” gaming laws have created nearly 15 000 new addicts in one year alone.
Whilst most of America is getting into the spirit of the college hoops March Madness betting this week, the legal eagles at the National Collegiate Athletic Association (NCAA) are gearing up to enforce the organisation’s trademark and copyright protection, reports the Los Angeles Times.
Paul Kusznirewicz (55) of Ontario, Canada is a bitterly disappointed and frankly angry gambler following a devastating disqualification of what he thought was a life-changing slots win.
British politicians discussed online gambling – legalised in Britain – at a Westminster Hall debate Wednesday, throwing some interesting numbers around in the process.