- Online Gambling Law Process Begins Next Week| Leave a Comment
Barney Frank said on Tuesday that he is finalizing a new Bill that, if approved, would overturn the Unlawful Internet Gambling Enforcement Act. The much anticipated Bill will be proposed next week. Online gambling has actually grown since the UIGEA was put in place, a clear sign that the law has not been effective. Frank [...]
- Betting is big business in China| Leave a Comment
China’s lottery could topple those of the United States and become the world’s first hundred billion dollar lottery, according to China Center for Lottery Studies at Peking University. It has the potential to grow more than tenfold from its current level of $15 billion sales with more than 100 million players to one worth $150 [...]
- Is online gambling coming back in the US| Leave a Comment
When the U.S. Congress cracked down on Internet betting in 2006, the big, publicly traded European companies that had dominated the business closed up shop in the United States. Growth in the booming industry shifted away from these companies, once the darlings of the stock market, to private operators in offshore locations like Antigua and [...]
- Switzerland legalise Online Gambling| Leave a Comment
Online Gambling is still unregulated in many countries around the world, allowing players to play at illegal sites. However Switzerland are the latest nation to introduce a legal regulated framework, which will ensure sites operate securely and fairly. The UK has one of the most impressive online gambling industries, with strict regulation and laws, resulting [...]
- Danish gaming opening for foreign bookmakers| Leave a Comment
An increasing number of Danes are dropping the national gaming monopoly Danske Spil in favour of net-based betting, gaming and poker. As a result, the government is proposing a liberalisation of the Danish gaming rules to give foreign bookmakers access to compete with Danske Spil, according to a release from the Tax Ministry. The national [...]
- PartyGaming Looking To Expand| Leave a Comment
It seems unlikely that Gigamedia shareholders would allow a merger between the company and rival PartyGaming, the talks are still taking place. PartyGaming, fresh off their settlement with the US, is looking to expand, and many believe Gigamedia will be their target. Less than a month ago, PartyGaming agreed to a $105 million settlement with [...]
- Online Gamblers are more Disciplined| Leave a Comment
Dr. Howard Shaffer, has some interesting views on Internet gambling! Howard Shaffer - director of the Harvard Medical School’s Addictions Department, has concluded that the majority of online gamblers are gambling in a more moderate and mild way than gamblers in the 1970′s. After teaming up with European online gambling group Bwin, Shaffer has been working [...]
- Interactive Media Entertainment and Gaming Association| Leave a Comment
The challenge by the Interactive Media Entertainment and Gaming Association (iMEGA), which is suing to declare the Unlawful Internet Gambling Enforcement Act (UIGEA) unconstitutional, will occur on July 6th. The Philadelphia-based Third Circuit Court of Appeals has announced its intent to hear the case, which could ultimately result in the UIGEA being overturned through the [...]
- Oscar De La Hoya has announced his retirement| Leave a Comment
Standing outside the Staples Center in Los Angeles on Tuesday afternoon, the “Golden Boy” of boxing announced that he was finally calling it quits. “I’ve come to the conclusion that it’s over,” Oscar De La Hoya told an impressive crowd of fans, including comedian George Lopez and Golden Globe winner Mickey Rourke. “It’s over inside [...]
- durrrr poker player profile| Leave a Comment
The story of Tom *durrrr* Dwan is one that dreams are made of and it all started with a $50 bankroll and $5 sit and go’s online. Soon he made the transition to cash games and as his bankroll grew he got better and better. Now a days you can find Dwan playing in the [...]
- Gambling Site Bodog Takes On Asia| Leave a Comment
Online casino operator Bodog Entertainment Group has signed an exclusive brand licensing agreement to use a large portfolio of creative assets and resources from Asian virtual gaming operator Haydock Sports Limited. Manila-based Haydock Sports is the firm behind online casino and sportsbook 9Play.com and has been operating in Asia since 2006 under a license issued [...]
- Harrah’s Entertainment Prepares for Online gambling| Leave a Comment
There is lots of expectation across the U.S. that Online Gambling soon will be regulated in the country. At least one land-based gaming operator is now openly preparing for the day online casinos are licensed in the U.S., as Harrah’s Entertainment announced it had hired a former PartyGaming executive. Mitch Garber a former CEO of the [...]
- Casino revenues up – no recession here| Leave a Comment
Indiana casinos rang up a total $111.4 million in March, up nearly 1 percent from a year earlier, the Indiana Gaming Commission reported Wednesday. Increased revenue at Horseshoe and Blue Chip casinos was offset by declines for Ameristar and the Majestic Star casinos. March is typically a great month for gaming! Blue Chip - in Michigan City, [...]
- Barney Frank Introduce Gambling Bill in April| Leave a Comment
Congressman Barney Frank will introduce a bill which would establish a licensing and regulatory framework for online gambling operators before the end of April as a standalone bill, (to dismantle the anti-online gambling legislation passed by the Bush Administration). Gambling Regulation and Enforcement Act (H.R. 2046), would be a standalone bill despite the fact that Republicans added [...]
- Get rich playing poker| Leave a Comment
Chris Ferguson, a.k.a. Jesus - has won $7 million playing poker. He also helped to start Full Tilt Poker, the second-biggest online poker site today. Online poker is a $4 billion business. Unlike other online gambling companies, Full Tilt Poker didn’t panic when the U.S. enacted its absurd ban on online gambling, and it still allows Americans [...]