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ENTERTAINING WEEKEND READING FOR ONLINE GAMBLERS

ENTERTAINING WEEKEND READING FOR ONLINE GAMBLERS Two interesting industry stories There was some good weekend reading available for followers of the industry as InfoPowa went to press Saturday - a long article on Calvin Ayre and Bodog in the latest edition of Fast Company magazine, and a video-streamed interview with poker pro Annie Duke on the UltimateBet.com online poker scandal that continues to reverberate around both mainstream and industry media. Writer Josh Dean "was dragged to Macau" to interview Bodog founder Calvin Ayre ... Read more
 

ONLINE BINGO A GROWING BUSINESS

ONLINE BINGO A GROWING BUSINESS More websites and more action in Europe says expert The online bingo industry in Europe is poised for growth, writes industry expert Joe Saumarez-Smith in Bloomberg news this week, backing his assertion with some interesting statistics in a useful overview of the sector.  Saumarez-Smith reveals that Britain is the world's most developed online bingo market, with the number of websites growing from 17 in 2004 to 243 in June 2008, according to Phil Fraser of Which Bingo, ... Read more
 

MORE KOREAN RESTRICTIONS

MORE KOREAN RESTRICTIONS Online cash transactions to be limited South Korean gamers face further restrictions on their disposable income following a proposal by Korean regulators to place limits on Internet cash transactions in an attempt to curb online gambling. The Korea Times reports that players are already limited to only $290 a month, but players have found ways to circumvent these limitations. In future, those who make 'large' virtual cash transactions in order to gamble online could be fined up to $20 000 ... Read more
 

CAP ONLINE GAMING NEWS WEEKLY REVIEW 06/27/08

[COLOR="Navy"]NEW DIRECTOR FOR ISLE OF MAN GAMBLING[/COLOR] Gambling Supervision Commission appoints Steve Brennan The Gambling Supervision Commission on the Isle of Man, licensing jurisdiction for many reputable online gambling firms, has announced the appointment of Steve Brennan as director.  It is understood that Brennan was previously a senior manager in the Income Tax Division of the government's Treasury department, which provides resources to the island's licensing authorities. Brennan will be responsibile for the licensing and regulation of all online and terrestrial gambling ... Read more
 

ARE POLITICS SLOWING DOWN THE E.C.?

ARE POLITICS SLOWING DOWN THE E.C.? Fears expressed that European Commission action is being delayed by political considerations A spokesman for the head of the European Commission, Charlie McCreevy, has discounted claims that the enforcement arm of the EU is under political pressure to go slow in its attempts to demolish national barriers to European gambling competition, Reuters reports. The EC has investigations going on 10 of the 27 European Union member states, mainly concerned with state monopolies in gambling excluding competition from ... Read more
 

LAND CASINO UNIONS WORRY ABOUT ONLINE GAMBLING

LAND CASINO UNIONS WORRY ABOUT ONLINE GAMBLING Internet and mobile gambling raised at global union meeting Judging by comments from global gambling union delegates meeting in Switzerland this week, the online and mobile gambling industry should not expect too much support from this quarter. Gambling unions in Argentina, Australia, Denmark, Finland, Germany, Lithuania, Malaysia, Netherlands, Spain and the USA sent delegates to the event. The delegates were attending a UNI Global union meeting in Nyon, Switzerland, where the casino chapter made several references to ... Read more
 

J.P. MORGAN PESSIMISTIC ON WHAT'S LEFT OF 2008 IN LAND BASED GAMBLING

J.P. MORGAN PESSIMISTIC ON WHAT'S LEFT OF 2008 Wall Street analyst expects second half 2008 to be tough Las Vegas land casino operators were keeping a careful eye on share prices as the week closed following depressing predictions on Las Vegas land gambling by the respected business analyst group J.P. Morgan. The company expects the second half of 2008 to be one of the most difficult periods for Las Vegas Strip casino operators since the terrorist attacks of 2001, Associated Press reports. Las Vegas ... Read more
 

ANTI-UIGEA REGULATIONS BILL DEFEATED

ANTI-UIGEA REGULATIONS BILL DEFEATED  A close-run vote, but emotional anti-gambling arguments and political divisions prevail The defeat of Barney Frank's attempt to halt the implementation of the UIGEA regulations dominated Thursday's mainstream press headlines around the world. The House Financial Services Committee attempt to require federal regulators to write a uniform definition of which types of gambling should and should not be allowed on the Internet, ended in a tied vote and, consequently, defeat under committee rules. Wednesday's delayed vote on HR5767, ... Read more
 

SPORTSBETTING ACCUSED SENTENCED

SPORTSBETTING ACCUSED SENTENCED  New Jersey man faces 3 to 4 years in jail Vincent "Big Vince" Filipelli (53) the Philadelphia man convicted in a federal court of promoting Internet sportsbetting and possession of prohibited weapons earlier this year (see previous InfoPowa report) has been sentenced to 3-4 years in state prison after completing a 5-year federal prison sentence for threatening an undercover detective. Filipelli admitted he ran an internet-based gambling operation, and that he had been in possession of two billy clubs and ... Read more
 

WAGERWORKS DA VINCI DIAMONDS LAUNCHED

WAGERWORKS DA VINCI DIAMONDS LAUNCHED New slot game has been eagerly anticipated Virgin Casino.com is among the first Wagerworks-powered online casinos to launch the company's latest 5 reel, 20 pay-line slot Da Vinci Diamonds, which offers opportunities to win cash prizes of up to GBP 125 000 with a 100-credit maximum bet. The Da Vinci Diamonds theme "explores the wonders of the Renaissance" as players use the Tumbling Reels, feature, enabling them to win repeatedly on a single play. With a re-triggering ‘Free ... Read more
 
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