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BARNEY'S BILL BEFORE HOUSE FINANCIAL SERVICES COMMITTEE

BARNEY'S BILL BEFORE HOUSE FINANCIAL SERVICES COMMITTEE HR5767 seeks to halt implementation of the UIGEA HR 5767, the bill introduced by Congressmen Barney Frank and Ron Paul on April 11 that seeks a moratorium on the implementation and enforcement of the UIGEA (see previous InfoPowa reports), has moved to "mark-up" stage in the House Financial Services Committee where amendments can be suggested before the Bill goes before the House of Representatives.  In its current form the bill would prohibit the Treasury Department ... Read more
 

Are soaring gas prices good for online gambling?

Are soaring gas prices good for online gambling? There's new interest in an old(ish) study on the impact of fuel prices on gambling choices this week as the cost of filling a tank continues to climb, pressuring disposable income.  Back in late 2005 when fuel prices in the US soared to what was then considered unprecedented levels of over $3 a gallon, the Las Vegas market research company Precision Opinion conducted a controversial Southern Californian survey that suggested that up to ... Read more
 

POKER STARS COME OUT FOR AFRICA

POKER STARS COME OUT FOR AFRICA Second Ante Up for Africa scheduled for July 2 A slew of big name poker pros and poker playing celebs will be supporting this year's Ante Up for Africa tournament, which has been scheduled for the afternoon of July 2 at the Rio in Las Vegas, taking advantage of the attention that the World Series of Poker is receiving at that venue. This is the second run of the charity event, which was conceived by actor Don ... Read more
 

WHITE LABEL AFFILIATES

WHITE LABEL AFFILIATES Goldbet and Income Access join hands The Montreal-based affiliate marketing program Income Access has announced the launch of white label roster, GoldBet, an independent that offers two poker rooms, a games section including lotto, a slots club and three different types of casinos under the GoldWin Portal brand name. "We chose to work with Income Access because they provided us with the best guidance and best tools to approach the online affiliate market, an area new to us. We look ... Read more
 

WORLD GAMBLING REVENUES TO TOP $155 BILLION BY 2012

WORLD GAMBLING REVENUES TO TOP $155 BILLION BY 2012 But 2008/9 set to be tough years around the globe The international business services and auditing group PricewaterhouseCoopers LLP has completed a study showing that global gambling revenue should pass the $155 billion mark in 2012 after growing at an annually compounded rate of 6.5 percent per year. New casinos and upgrades will push gambling revenues from nearly $114 billion in 2007, the study found, with the Asia Pacific region showing fastest growth with ... Read more
 

TEXAS BOOKIE RAIDED

TEXAS BOOKIE RAIDED Money laundering charges laid against Montgomery County man who allegedly runs a Costa Rica sportsbetting website The Special Investigations Unit of the Montgomery County Sherrif's Department in Houston, Texas has reported the arrest on money laundering charges of three local residents allegedly involved in an Internet gambling operation in Costa Rica. SIU investigators arrested Justin Franciscotty (37) his wife Ana Franciscotty (30) and his sister-in-law Stephanie Uselton (25) at a private house in the area and charged them with second-degree ... Read more
 

INTERNET PLAYER TAKES WSOP EVENT 28

INTERNET PLAYER TAKES WSOP EVENT 28  Over $800 000 for besting a star studded field Internet poker player Phil "OMGClayAiken" Galfond is richer by $817 781 this week as a result of his victory over a stellar final table in Event 28 of the 39th World Series of Poker - the $5 000 Pot-Limit Omaha with Rebuys competition. Galfond had to fight his way through an entry field of 152 top notch players for his victory. It included names like Patrik Antonius, Phil ... Read more
 

NEW JERSEY CASINO EMPLOYEES INDICTED FOR PLAYERBASE THEFT

NEW JERSEY CASINO EMPLOYEES INDICTED FOR PLAYERBASE THEFT Former Tropicana employees alleged to have stolen contact list for over 20 000 players The importance of privacy and security for players and operators alike was again underlined this week when three former employees of the troubled Atlantic City land casino Tropicana were indicted for the theft of a high-value client list as leverage for future advancement.  Prosecutors claim that the list contained over 20 300 names along with phone numbers, addresses and ratings, and ... Read more
 

DEADLINE EXTENDED IN WTO/US DISPUTE

NEW DEADLINE AGREED IN WTO DISPUTE (Update) US and Antigua reset deadline for agreement to June 20 The US Trade Representative and a delegation from the government of Antigua and Barbuda have agreed a fresh deadline for the resolution of their World Trade Organisation dispute over online gambling (see previous InfoPowa reports) Representatives of the two nations have been negotiating an alternative to WTO arbitration, currently on hold. The previous deadline set by all parties was June 6, but this was allowed to ... Read more
 

PLAYTECH RAISES MORE CASH FOR ACQUISITIONS

PLAYTECH RAISES MORE CASH FOR ACQUISITIONS GBP 112 raised in 21.6 million ordinary share placing Online gambling software developer and London-listed firm Playtech plc raised an impressive GBP 112 million for new acquisitions this week through the successful completion of a placing in which a total of 21 620 946 new ordinary shares of nil par value each were placed with institutions at a price of 520p per Placing Share. The placing was underwritten by Collins Stewart. The exercise involved approximately 9.9 percent of ... Read more
 
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