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iGaming Tax Bill Clears Dutch Senate

September 10, 2008 (InfoPowa News) -- Early reports suggest that the Dutch Senate cleared a proposed gaming taxation bill this week that will enable the government to tax games of chance, including those provided by foreign online operators whom the Dutch have hitherto prosecuted as 'illegal' in defense of the state monopoly. The bill is also reported to contain provisions targeted on individuals who win at foreign online gaming sites. Dutch politicians appear to widely favor the bill, mainly because it ... Read more
 

Another Major Playtech Slot Win

September 10, 2008 (InfoPowa News) -- Although still too early for full details, it appears that a lucky Portuguese player, DuarteF, has hit the Europa Casino progressive slot 'Global Traveler' for €501,000. Duarte is apparently a regular at the casino and is reportedly 'stunned' by his unexpected win. Global Traveler is Playtech's five-reel, 20-line progressive slot.  ... Read more
 

Nam Le Takes APPT High Rollers Event

September 10, 2008 (InfoPowa News) -- Nine survivors of a tough two-day competition in the PokerStars.net Asia Pacific Poker Tour High Rollers tournament started an 11-hour final table battle for supremacy this week, seeking to unseat a dominant chip leader in David Steike.  In two days of play, the 61 players who had paid an entry fee of $19,200 each had been whittled down to the final nine. Along the way, casualties included top players like former World Champion Joe ... Read more
 

Big Money in Online Poker Tournaments

September 10, 2008 (InfoPowa News) -- Online poker action continued to deliver major winning payouts this week as events in the PokerStars 2008 World Championship of Online Poker concluded. Event 6, the $530 buy-in NLHE online tournament at the WCOOP, attracted a massive entry of 7,351 players for Sunday afternoon's start, all chasing a guaranteed $3 million prize pool which had swelled to $3,675,500 by the time the last registration was completed. In hectic action, the field was down to the final ... Read more
 

USDBet Goes Under

September 10, 2008 (InfoPowa News) -- In trouble since at least August of 2007, USDBet.com appears to have finally bitten the dust, with visitors to the website redirected to the Yahoo.com portal for some weeks and an unknown number of players still awaiting payment. The Futurebet-powered operation told respected sportsbook portal Sports Book Review less than three months ago that it was now under new (but unspecified) management, had taken over its own processing but was using the same software. Manager "James" ... Read more
 

1.5 Million Signups for Pureplay

September 9, 2008 (InfoPowa News) -- The U.S.-facing and based PurePlay online poker company, which claims to be legal in the United States, reports that it has expanded its player ranks to more than 1.5 million competitors and has disbursed more than $4 million in cash prizes since Novermber 2005.  "We are committed to staying at the forefront of legal online poker, and that means pulling out the stops in giving our members the excitement of competitive play and generous ... Read more
 

New Neteller Partnership is Born

September 9, 2008 (InfoPowa News) -- Isle of Man-based e-cash processor Neteller plc and the Europe and Asia facing BORN (BornForSports) e-commerce group signed a five-year payment and joint marketing agreement this week. The agreement provides for the exclusive use of a version of Neteller Payment Suite inside the BORN group network of merchants and brands. Included is a co-branded e-wallet to be called BORN Express powered by Neteller. With a million members worldwide, BORN manages a sports lifestyle-oriented social network ... Read more
 

New Chairman for Gaming VC

September 9, 2008 (InfoPowa News) -- The European gaming operator Gaming VC has appointed Lee Feldman as non-executive chairman, in place of Adrian Smith. Feldman was previously a non-executive director of Gaming VC. Feldman has wide executive experience and is a corporate lawyer by profession. He is a partner in Softbank Capital, a US private equity fund focused on technology and media, and has a wide knowledge of private equity investing as well as corporate and business development.  Prior to Softbank ... Read more
 

Ladbrokes Management Reshuffle

September 9, 2008 (InfoPowa News) -- The executive committee of UK online and land gambling group Ladbrokes' has reallocated management responsibilities, with the md of remote betting and gaming, John O'Reilly, taking on additional responsibilities. Going forward, O'Reilly will aditionally head up the company's trading operations and lead Ladbrokes' development activities in Spain.  Alan Ross, currently Development Director, will focus upon the group's relationships with government in the UK and overseas as well as the horse and greyhound racing industries in ... Read more
 

Turkish Licensing Issues Expensive for Bwin

September 9, 2008 (InfoPowa News) -- The Reuters news agency reports that Vienna listed online gambling group Bwin Interactive Entertainment has flagged a Euro 2.25 million ($3.22 million) hit after a project to obtain a sports betting licence in Turkey failed. The loss came about when the company applied for a licence in Turkey last year, but had not received publicity until the Austrian magazine Profile reported on the matter. In March 2007 Bwin advised the media that it had decided ... Read more
 
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