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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
 

INTERNET GAMBLING IS HERE TO STAY

INTERNET GAMBLING IS HERE TO STAY State lawmakers briefed by online gambling experts Frank Catania, former Assistant Attorney General and Director of New Jersey Division of Gaming Enforcement, online gaming consultant and independent director of the player protection group eCOGRA gave a straight-from-the-shoulder briefing to state legislators last Friday, emphasising that Internet gambling is here to stay. The Internet gambling expert, who has in the past helped regulatory outfits to draft their rules, told state lawmakers from around the United States attending the annual National ... Read more
 

THE NEXT BIG WAVE IS.....ONLINE SLOTS!

THE NEXT BIG WAVE IS.....ONLINE SLOTS! Betting group reports a tenfold increase in slot players over the last six months Trends in online gambling have favoured both bingo and poker at different stages, but according to the large UK betting group Vernons, the latest gaming "wave" to hit the UK is online slot machines.  The company backs up its assertion with the statistical information that it has experienced a tenfold increase in slot players over the last six months. The Vernons 'Clover Rollover', ... Read more
 

THREE NEW ONLINE CASINOS LAUNCHED THIS MONTH

THREE NEW ONLINE CASINOS LAUNCHED THIS MONTH i-Gaming Software and Microgaming offer a diversity of themes June has been a bumper month for new online casino offerings; two from Microgaming and one from i-Gaming Software. Red Flush Casino.com is a Kahnawake licensed online casino with its own Red Returns affiliate program offering up to 35 percent commissions. The professionally crafted and attractive website carries the full range of player facilities and services, with incentives that include a matchplay SUB maxed at 100 units ... Read more
 

IRISH EYES ARE SMILING ON CRYPTOLOGIC

IRISH EYES ARE SMILING ON CRYPTOLOGIC Betjacks signs up with online gambling software provider The Dublin-based online gambling software provider Cryptologic's latest licensee is Betjacks, an Irish owned outfit that will be targeting the  Irish, UK, South African and Canadian markets following its launch later this (2008) year.  CryptoLogic has acquired exclusive rights to be the sole provider of Internet casino and poker software to Betjacks.com, conceived in 2006 by communication veterans Brian Nesbit and Eamon Garland. The Internet gambling company has achieved ... Read more
 
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