Barney Frank, the Democratic Party’s chairman of the House Financial Services Committee and a strong supporter of legalising online gambling in the United States, is preparing to launch another legislative attack on the controversial Unlawful Internet Gambling Enforcement Act, according to a Reuters report as the week ended.
The Advertising Standards Authority in the UK has banned a television ad for Bejeweled flighted by skill games company Midasplayer on its King.com website, supporting a claim from a member of the public that the imagery could attract an audience under the age of 25.
Millions of dollars confiscated from accounts allegedly linked to the Bodog online gambling group will be retained by the federal authorities in the US following a confirmatory order issued by a Baltimore judge this week.
Worried land gambling industry operators are concerned that a pronounced and sustained downward trend in revenues at Nevada land casinos could continue into 2009 following a tough 2008 that saw revenues decline by 9.7 percent – with the fourth quarter plunging 18.9 percent.
John Davy, a non-executive director of online gambling group Party Gaming plc, has notified the board of directors of his intention to resign as a director for personal reasons.
The police in Sabah, Malaysian Borneo have revealed that a sophisticated investigation is underway in an attempt to identify and catch the top bosses organising illegal online gambling operations in the region.
The former CEO of online gambling software provider Cryptologic, Javaid Aziz, is pressuring the company for an Extraordinary General Meeting of shareholders. Aziz, who holds 12.5 percent of the company’s stock, has enlisting the support of other shareholders, and has been critical of the direction in which the company is headed .
The UK’s largest online and land gambling group Ladbrokes reports that its business had shown resilience against the impact of the recession, with full-year operating profit slightly ahead of market expectations.
Asian online and land gambling group and Playtech associate AsianLogic Limited has issued a pre-closing trading update for the year ended 31 December 2008 flagging the liklihood of increased capital expenditure required to retain top line revenues amidst challenging economic conditions in 2009.
The spread of broadband and WiFi technology has led to an upsurge in online gambling in Vietnam, but due to the unregulated nature of the pastime local media are warning punters to be cautious with their choices and their money, pointing out that at the dark end of the business there have been reports of …
The European Commission probe into the activities of US enforcement authorities in pursuing European online gambling companies and executives appears to be nearing a conclusion, according to reports from the Reuters news agency this week.
The online gambling independent player protection and standards organisation eCOGRA marked five years of quality and safety oversight at its 126 accredited poker and casino websites this week by awarding its tough Safe and Fair gambling seal to three new partners.
The Business Spectator reports that Australian online gambling group Centrebet has landed an important contract to manage the fixed odds racing and sports betting product portfolio of the ACT TAB, Racing & Wagering Western Australia and Tote Tasmania.
The Ireland-based server based gaming specialist company Betstone has appointed Marzia Turrini as head of business development for Latin America. Reporting directly to the board, Turrini will focus on working closely with customers in Latin America.
Unibet’s Q4 results released this week show a healthy growth in revenues across all its activities, which to some extent ameliorates the impact on net profits of a foreign exchange loss of GBP 11.8 million over the final quarter and GBP17.9 million over the year.
Playtech-powered Europa Casino.com has been enjoying a winning progressive jackpot streak it appears; just a few days after its Bonus Bears slot paid out nearly Euro 390 000 to one lucky player, another member hit the progressive jackpot on Gold Rally, earning him winnings just shy of a million Euros.
KPMG, a respected international professional business services provider, has released details of an Australian study it has conducted that shows an increase in business fraud, and identifies gambling as a significant reason for dishonest employees to steal money from their companies.
Kudos to 888.com on a new initiative it has launched to assist victims of the recent and tragic bushfires in Australia.
Hard on the heels of media reports that Betfair and Wests Tigers had signed a sponsorship and mutual cooperation marketing deal comes the news that UK Internet gambling group Sportingbet’s Australian branch has formed a partnership with the Brisbane Broncos.
Skill gaming provider GameAccount revealed this week that over GBP 100 million has been staked in the last quarter, a staggering 75 percent increase on the previous three-month period.
The European Gaming and Betting Association’s second Responsible Gambling Day presentation to European parliamentarians this week was an unqualified success, hammering home the message that Internet gambling operators support the traceability and transparency of the internet to safeguard the integrity of sports
Jadestone Networks, the Nordic based online games owner and operator, has announced that its GamArena skill games offering has been certified to be compliant with the stringent European Gaming and Betting Association standards applicable to software suppliers.
Legislators in Illinois may want to study the problems that the recently introduced Unlawful Internet Gambling Enforcement Act regulations have caused New Hampshire before they embark on a project to sell lottery tickets over the Internet. The difficulties of organising financial transactions blocked by the controversial and ill-defined UIGEA requirements should not be underestimated.
The Swedish online gambling software provider Net Entertainment has matched the outstanding performance of its sister company Betsson with a gilt-edged Q4 2008 set of results that showcase a 71 percent increase in revenues to $7.45 million, and a doubling of operational profit to $3.69 million over the corresponding quarter in 2007.