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MORE HEARINGS ON THE UIGEA NEXT WEEK Internet gambling hearing set for Wednesday Congressman Barney Frank, a Democrat from Massachusetts who chairs the influential House Financial Services Committee, wants to legalise online gambling in the U.S., effectively overturning the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA) by introducing a regulatory and licensing regime under his Internet Gambling Regulation and Enforcement Act.  A further hearing on his proposal is scheduled for April 2 in Washington, and supporters are being urged to contact their political representatives ... Read more


UIGEA - A BURDEN WITHOUT BENEFIT Competitive Enterprise Institute critical of attempt to use financial institutions to cripple online gambling The Competitive Enterprise Institute in the United States has come out strongly against the use of financial institutions to cripple online gambling in the United States following a study of the Unlawful Internet Gambling Enforcement Act.  The act remains mired in a lack of clear regulations following widespread criticism of its impractcality. Following a study of the implications of requiring the US financial ... Read more

Online Gaming News Weekly Review Sept. 28 2008

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


NEW REVELATIONS IN SPITZER CASE Another hammer blow for New York crime crusaderFormer relentless crime-buster and New York governor Eliot Spitzer had fresh claims that he consorted with prostitutes to contend with this week as the New York Post published details of his alleged involvement with a further sex-for-hire company called Wicked Models.Spitzer recently resigned his governorship after admitting he had been involved with a prostitute (see previous InfoPowa report)Apparently Wicked Models was visited by police earlier this week and ... Read more


MACAU BOOMING 22.9 percent increase in employment last year The  538 000 strong resident population of the gambling island Macau, just of the coast of China, is experiencing definite improvements in employment prospects as the island's 29 casinos continue to pull in business and expand, reports Xinhua. A survey result released this week showed that at the end of last (2007) year, there were 44 743 paid employees engaged in Macao's gaming industry, an increase of 22.9 percent year-on-year.  Among the employees, 30 ... Read more


FREE CASINOS BRING IN ADVERTISING Diamond I launches another freebie Baton Rouge-based Diamond I, Inc. launched its second free online casino, for US players this week. The new venture is a free poker website for entertainment only and is legal for users in the United States. features a user's blog, and is integrated with sister site Island Blue to permit players to access each site's poker tables using the same login information.  Both sites have been designed to create ... Read more


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 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? 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 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
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