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U.S. Congress May Spend $40 Billion in iGaming Revenue on Social Programs

WASHINGTON, July 16 /PRNewswire-USNewswire/ -- Rep. Jim McDermott (D-Wash.) introduced legislation yesterday that directs a potential $40 billion over the next 10 years to be spent on job training for those in the declining sectors of the economy and educational assistance for foster care youth.  The legislation, Investing in our Human Resources Act of 2008 (H.R. 6501), would be funded through new revenue generated by regulated Internet gambling activities. "We have an ideal opportunity to invest billions of dollars in ... Read more
 

InterGame: GES 2008 "Strikes Industry Balance"

InterGame Online posted a preliminary review of last week's Gaming Executive Summit in Madrid on its website today.  According to writer James Walker, the conference "cemented its position as one of the leading European conferences to tackle issues surrounding both the land-based and online gambling industriesm," delivering "a dense, varied programme with an impressive speaker line-up consisting of more than 16 CEOs and many other key industry figures.""Approximately 180 delegates attended GES, and although the conference seemed slightly less busy ... Read more
 

KEEPING ONLINE GAMBLING IN THE U.S. SPOTLIGHT

  KEEPING ONLINE GAMBLING IN THE U.S. SPOTLIGHTMcDermott introduces job training and foster care legislation funded by online gambling taxationIn a bold new legislative move in the United States, Rep. Jim McDermott (D-Wash.) has introduced legislation that proposes that a potential $40 billion over the next 10 years be spent on job training for the indigent and educational assistance for foster care youth. The legislation, "Investing in our Human Resources Act of 2008 (H.R. 6501)", would be funded through new revenue generated ... Read more
 

Virgin Games Names "Best Improved" Affiliates for June 2008

Virgin Games recently offered congratulations to Casinotabs, Thelodger and Gamerev who respectively won Virgin's Casino, Poker and Bingo best improved affiliate Competition Prizes for June 08. Every month, Virgin awards the affiliates who show the best improvement in active cash player registrations from one month to the next, awarding them with £100 (Casino) or £50 (Poker and Bingo) worth of Virgin vouchers (or an extra £100 added to their monthly affiliate commission, if preferred).Read more here .  ... Read more
 

POKERROOM.COM IS LOOKING FOR DAREDEVILS

POKERROOM.COM IS LOOKING FOR DAREDEVILS New Facebook application teaches optimum poker handsThe Ongame and Bwin online poker subsidiary Poker Room.com is using the power of social networking to widen interest in online poker by using the popular and widespread Facebook website, offering members the opportunity to learn and master the strategy of poker through a new application called DareDevil.DareDevil is a poker-based card game that is all about taking calculated risks. Designed to help users learn and master the best ... Read more
 

SOLID GROWTH AT PLAYTECH

SOLID GROWTH AT PLAYTECH Online gambling software developer looking for more acquisitionsPlaytech plc, the London-listed online gambling software provider, released its Q.2 trading update and key performance indicators this week, showing continued growth and an intention to seek further acquisitions and partnerships."The second quarter of 2008 was a further significant period of growth for Playtech," said Mor Weizer, the CEO of the company, reporting revenues of $42.4 million, representing an increase of 75 percent on the corresponding quarter in 2007 and ... Read more
 

GOOD RESULTS FROM JAXX

GOOD RESULTS FROM JAXX German lottery firm's move into sportsbetting doing wellJaxx AG, the German lottery firm that moved into the sportssbetting field two years ago, published positive results for June this week, showing record levels in profits and customer acquisition for the month, mainly from its sportsbetting activities. The firm runs lotteries and has betting offices in Altenholz near Kiel, and reports that its success was aided by betting action on the Euro2008 football championships and the Deutsches Derby flat racing ... Read more
 

CALIFORNIA ONLINE POKER BILL PROGRESS

CALIFORNIA ONLINE POKER BILL PROGRESS August will see AB2026 before the Senate Appropriations Committee The month of August could see a landmark event if a bill before the Senate Appropriations Committee is voted forward. It's next stop would be a full vote on the California Senate floor, and that could lead to legalised online poker within the state of California.The man behind the AB2026 is Assemblyman Lloyd Levine, a Democrat from Van Nuys, and he could go down in US ... Read more
 

CANADIAN ACADEMIC CALLS FOR ONLINE GAMBLING REGULATION

CANADIAN ACADEMIC CALLS FOR ONLINE GAMBLING REGULATION Licensing and regulating experienced operators could reduce the risk of harmful effectsJune Cotte, a marketing associate professor at the Richard Ivey School of Business at the University of Western Ontario has called for the legalization of online gambling to allow for better regulation and to potentially reduce harmful effects.    "One potential solution is to allow legitimate corporate sponsors, like the corporations that run the major casinos in Las Vegas or the government sponsors ... Read more
 

EGBA AND ECOGRA TEAM UP ON HIGH STANDARDS FOR RESPONSIBLE GAMING

  EGBA AND ECOGRA TEAM UP ON HIGH STANDARDS FOR RESPONSIBLE GAMINGCompulsory annual audits part of the process.The European Gaming and Betting Association (EGBA) launched a comprehensive set of standards that covers all aspects of player protection, fair gaming and responsible operator behaviour in the online gaming and betting environment this week. These standards complement stringent legal requirements already imposed by European Union licensing jurisdictions.Over 170 technical requirements have been adopted on a voluntary basis to take into account all ... Read more
 
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