Online Casino News Roundup: August 2013
August is traditionally a slow month in the gaming business, but hot weather and holidays didn’t keep the online casino business from making headlines, rolling out new products and doing battle with the Feds.
Here are the August online casino headlines you need to know.
Heat Hits UK Gambling Market – England’s hot, hot summer has been bad news for the gambling business both online and on land. UK gambling related web searches were way down during the summer heatwave and so were profits at some operators.
UK Bookmakers Fear New POC Tax – UK bookmakers are lamenting the closing of a tax loophole that topped their liabilities out at £450,000 if their operations were based offshore. The new tax charges 15%, matter where the server’s based.
CAP Network Launched – CAP’s launched a new affiliate network that brings a ton of great programs and services under one roof. It’s a great deal for affiliates who are tired of dealing with multiple affiliate mangers when it’s time to get paid.
William hill Exits China – William Hill is suspending services to the Chinese market effective immediately. By the looks of things, the company is making certain it doesn’t get hit with a bad actor label should Mainland China ever regulate and legalize online casinos.
Greece Unloads Opap – Despite protests from European operators, the Greek government has gone ahead and sold off a big chunk of Opap to a Czech investment firm. The austerity-driven move is likely to be the subject of futher litigation.
Paddy Power, News UK Partner Up – Paddy Power is teaming up with News UK as the official betting sponsor of their new Premier League football app.
888 Wants in on New Jersey – 888 announced plans to dip their toes in the New Jersey igaming market and is applying for its own Garden State online gaming license. Company officials say this should have no impact on their deals with operators like Caesars in that same market.
Full Tilt’s US Players to Get Paid – American Black Friday victims could start seeing payouts from the federally appointed claims administrator in the near future. There’s some question as to whether there will be enough money in the compensation fund to payout the full amount that was in each frozen account. This begs the question, “Wasn’t that why they got shut down in the first place?”