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ONLINE GAMBLING INFO ON CHINA

ONLINE GAMBLING INFO ON CHINALatest MECN study released Dublin-based Research and Markets has announced the addition of "The China Internet Gaming and Portal Market in 2008, MMORPGs and Casual Gaming Market Remains Under-Penetrated" to their offering.China's online Internet gaming market is still experiencing massive growth, the report claims. MMORPGs saw revenue CAGR of 100 percent over the last five years, yet this is still an under-penetrated market.MECN claims that its comprehensive 24 page report provides the only independent market research launched ... Read more
 

PARLAY REPORTS LOSSES

PARLAY REPORTS LOSSES Canadian bingo specialist active but performance is downThe online bingo software supplier Parlay Entertainment has announced a full-year net loss of $76 608 for 2007, down from a net income of $1 238 846 in the previous year. Total revenues for the period decreased by 11 percent to $8 032 100 while EBITDA fell to $86 378 from $2 192 804 in 2006.The company has recently been in the industry headlines with several significant commercial deals, and ... Read more
 

APRIL FOOLS DAY LAUNCH FOR DANISH LEGISLATION?

APRIL FOOLS DAY LAUNCH FOR DANISH LEGISLATION? Despite the attentions of the EC, are the Danes gearing up for an UIGEA-style anti-online gambling law?The Danish government may be preparing legislation against online gambling that includes a UIGEA-style provision to hamper financial transfers, report several news media covering the region, including EIN.If the as yet unconfirmed reports that moves could take place as early as next (April) month are true, the Danes will be flying in the face of the European ... Read more
 

ANOTHER COURT VICTORY FOR BETFAIR

ANOTHER COURT VICTORY FOR BETFAIR Australian litigation successful as judge rules that territory bans are unconstitutionalWestern Australian politicians and betting companies that tried to constrain the Australian operations of the betting exchange group Betfair received a setback this week when the company won a High Court challenge against Western Australian laws that prohibit residents placing bets using the online exchange.The High Court ruled the legislation was unconstitutional because it imposed protectionist burdens on interstate trade and therefore contravened section 92 ... Read more
 

NEW INTERNET CASINO FOR 888.COM

  NEW INTERNET CASINO FOR 888.COMInteractivity and a wide range of offerings on new websiteChoice and interactivity are key elements on a brand new online gambling website launched this week by the Gibraltar-based Internet gambling group 888.com.Branded 888 Casino.com, the site deploys the latest in technology and presentation from Elizabeth the virtual hostess through a wide selection of casino games and genres, bonus offers and 24/7 customer support, all backed by a full range of player services and facilities. Spokesmen ... Read more
 

42 BUSTED IN N.J. SPORTSBETTING SWEEP

42 BUSTED IN N.J. SPORTSBETTING SWEEP Police claim gambling ring handled $1 mllion a month in offshore sports betsNew Jersey state and local county authorities have announced 42 arrests, mainly for the promotion of gambling in an investigation labelled "Operation Off the Hook." The seven-month investigation resulted in the seizure of $5 million along with five pounds of marijuana and five vehicles.Police claim that the ring was controlled by known associates of the New York-based Genovese crime family, reports by ... Read more
 

eCOGRA AND GAMCARE TEAM UP ON RESPONSIBLE GAMBLING EDUCATION

eCOGRA AND GAMCARE TEAM UP ON RESPONSIBLE GAMBLING EDUCATION  eCOGRA responsible gambling standards described as comprehensive and practical   The UK problem gambling charity GamCare and eCommerce and Online Gambling Regulation and Assurance (eCOGRA) pooled their expertise in London last week to train almost 40 online casino managers on the principles of responsible gambling, and how to identify and handle problem gamblers.Management delegates travelled from their bases around the world to attend the two day intensive training course, which featured lectures, ... Read more
 

GIGAMEDIA SUPPORTS KAHNAWAKE

GIGAMEDIA SUPPORTS KAHNAWAKE No concern about Canada regulatory position says Asian gambling giant The Asian online casino and poker interests group GigaMedia Limited has reaffirmed its view that the regulatory and licensing situation in Canada and the territory of Kahnawake is reliable and stable and that it has no concern over related business interruptions.On the basis of communications with Canadian counsel and government officials, the company says it believes no change in the current licensing system is contemplated. Moreover, in accordance ... Read more
 

PARLAY TO SPONSOR ONLINE BINGO SUMMITS

PARLAY TO SPONSOR ONLINE BINGO SUMMITS Two year agreement signed with Bullet BusinessInternet bingo software developer Parlay Entertainment Inc. has signed a two-year agreement to become the platinum sponsor of the annual Online Bingo Summit, presented by Bullet Business.  The arrangement sees Parlay playing a key role in the two-day event that brings together leading bingo operators and suppliers to discuss the future of online bingo.  This year's conference, the 3rd Annual Online Bingo Summit, takes place June 17-18, 2008 ... Read more
 

U.S. GAMBLING SLOWDOWN?

U.S. GAMBLING SLOWDOWN? Economic conditions could add to the burden of UIGEADespite political and law enforcement attempts to derail the US online gambling market, it remains a major contributor to Internet gambling revenues and therefore a new report on US gambling will be read with interest by industry observers. The report, by New York-based Moody's Investors Service claims that several factors are combining with the "economic slowdown and possibility of a long-term, consumer-based recession" to negatively impact the overall US ... Read more
 
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