A $65 million fraud allegedly committed against the giant San Jose company Fry’s Electronics by senior exec Ausaf Umar Siddiqui (43) last year apparently triggered a visit to Las Vegas casinos by Internal Revenue Service investigators this week.
A German lottery player was left stunned by a bad luck-good luck sequence this week that saw him lose his job due to the economic recession, only to win $35 million on the Toto-Lotto Lower Saxony lottery.
Giant US financial company Wells Fargo has backed away from a highly controversial proposed corporate junket to Las Vegas following a public outcry that a company in receipt of $25 billion in taxpayer bailout funds should be more sensitive to public perceptions.
A 26-year-old UK finance and credit controller for a communications firm managed to misappropriate around GBP 300 000 a year for over three years to feed an online gambling habit that saw him lose almost a million pounds to Internet gambling sites, reports the Daily Mail
The London-based owner of New Football Pools, Sportech, has issued a trading update that indicates the company is on track to meet market expectations for the full year 2008 after positive trading throughout the last half.
Latest figures from the innovative online payments system Ukash reveal that its pre-paid UkashOut card solution has recorded triple-digit transaction growth since August 2009 – an impressive feat over a six month timespan.
Washington state, which arguably has the most aggressive anti-online gambling laws of any US state, with provisions to punish online gamblers with the same severity as child molesters, is now working on additional penalties for underage gamblers, according to an Associated Press report.
President Obama’s nominee for the important national law enforcement post of Attorney General, Eric Holder has been accepted by the Senate Judiciary Committee by 75 votes to 21, making his appointment as the first African-American AG a virtual certainty. His nomination apparently achieved strong bi-partisan support Monday.
Internet gambling is proving to be a profitable business activity for the publicly-listed Philippines online gambling operator PhilWeb Corporation, which last week announced consolidated net income up by an impressive 29 percent through 2008.
Betfair Australia’s feisty CEO, Andrew Twaits responded to recent criticism of online gambling sign up bonuses with a challenge of his own this week – the government should make it compulsory to do more in the responsible gambling milieu by requiring operators to offer gamblers a facility to pre-set their spending limits.
The UK Gambling group Leisure and Gaming’s growing number of partners in the burgeoning Italian and Cypriot markets, especially the launch of real money online poker in Italy during the fourth quarter of 2008 has delivered better results than expected, the group revealed in a trading update this week.
The UK Gambling group Leisure and Gaming’s growing number of partners in the burgeoning Italian and Cypriot markets, especially the launch of real money online poker in Italy during the fourth quarter of 2008 has delivered better results than expected, the group revealed in a trading update this week.
The UK Gambling Commission, which initiates regular independent surveys of the British gambling market to keep its finger on the pulse, reports that the latest information to hand suggests that remote (online) gambling is up 1 percent on last year’s numbers.
Fresh from showcasing its extensive online gambling technology and games inventory at the ICE(i) expo last week, the Isle of Man-based provider Microgaming has launched three new slots as part of its February game releases.
Online gambling software developer Wagerworks wasted no time this week in following through on its ICE(i) games showcase with the launch of Megajackpots Cleopatra, a combination of a popular slot and the big win progressive jackpot concept.
The latest research report from media anaylsts comScore Inc show that online video viewing is a booming pastime, with interest soaring 34 percent in 2008, largely driven by a massive jump in the popularity of long-form online videos on sites such as Hulu, a NBC Universal and Fox Broadcasting Co. joint venture.
The Australian online gambling scene lit up last week as news emerged of a A$18.6 million hostile takeover attempt by Centrebet on International All Sports group. If successful the attempt would make Centrebet one of the largest corporate bookmakers in Australia.
Achieving wide Australian mainstream media coverage this week was a report that Chinese gambling mogul Dr. Stanley Ho is prominent among several Chinese businessmen who have made generous donations to Australian political parties.
Online gambling observers were surprised this week to note that Australian anti-online gambling activists have apparently just realised that online casinos and poker rooms offer free dollars in the form of incentive signup bonuses.
Edward Wray, the respected founder of the Betfair online gambling empire, spoke his mind on the American legal situation in an interview with the UK publication Real Business this week, commenting that he was not a fan of prohibition as an alternative to regulation.
Global Interactive Gaming Ltd. has signed up the UK betting group Sportingbet for another three years of its real time betting software, extending the deal to the end of 2011.
Police in Malaysia continued their anti-online gambling drive last week with a raid on an Internet Café in the Jalan Air Itam area.
Industry message boards were buzzing over the weekend as the increasingly bitter competitive differences between Casino Affiliate Programs and the Gambling Webmasters Portal Association spilled over into violence at a London conference hotel.
The UK Internet gambling provider Evolution has signed its fourth major live dealer gambling agreement in recent times, this one with the major Gibraltar-based online gambling group 888.com.