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Archive for the 'gambling news' Category
August 20th 2008
The online gambling group, Ultimate Bet has officially welcomed Tiffany Michelle into their company since the Poker News controversy has become old news. Now after the World Series of Poker event finished, Michelle has joined Ultimate Bet as the member of Star Players Team.
Poker News started controversy in the internet-based and land-based casino industry when they published their press release that disputed the decision of Tiffany Michelle to have additional logo during the WSOP. Poker News paid for Tiffany Michelle’s buy-in into the Main Event, they sponsored her all through the event. Michelle represented Poker News throughout the WSOP Main Event. When she impressed the world with the 17th place at the Main Event and caught attention as she was the last woman standing, Michelle wore an UltimateBet logo. Poker News had not known about this until Michelle revealed on national coverage of the tournament sponsoring another online gambling group, Ultimate Bet.
All this is already in the past for Michelle. Now she starts a prestigious poker gambling career at the traditional and internet-based casinos as a member of the Star Players Team. Michelle is going to play poker together with Annie Duke and other professionals at Ultimate Bet’s team.
The only problem everybody could note is that though Ultimate Bet is a strong name in the online poker industry still, the reputation of the company was certainly slightly spoiled by the cheating scandal which has been fully resolved just recently but till now it’s causing concerns with poker pros uncovered that scandal.
August 18th 2008
Now online gamblers can play at the online casinos a little bit easier by using new payout solutions from Playtech. Those days when users had to wait for transferring funds, payouts into their accounts and the like have gone. At the present online casino players get access to 2 e-processing companies offering a little more than the ordinary e-processors. Online casino sites powered by Playtech have access to TransSend and InterCash processing companies. This new payout option is available together with the earlier existing payout features. The new options are developed for those subsidiary marketers and also online players who want to have a fast access to their player account balance.
Playtech is sure to be among the top online casino software providers in the world. The company prides itself on providing new services that distinguish their online gambling platform from many on the market. After integrating the Intercash and TransSend payment options into the online gambling platform itself, all casinos powered by Playtech (now over 200 online casinos operate on the Playtech platform) will be able to offer services from these e-processors.
Now there are specific services available to gamblers. They can cash out money from their gambling accounts onto a prepaid MasterCard. The MasterCard works like any ordinary MasterCard account. It gives customers access to the funds at any banks or locations which accept the card, any place in MasterCard’s global network. In fact with these two new e-processors players will get instant access to their funds as contrasted to some of the traditional methods. at the same time these online processors are completely safe.
August 17th 2008
Four American politicians are really making a stir after they supported openly the online casino gambling industry in a way. Judy Biggert, Christopher Shays, Jim Gerlach, Kevin McCarthy, Republican representatives, do not oppose the notorious Unlawful Internet Gambling Enforcement Act completely but they answered the questions that can cause the UIGEA to continue to stumble. In the fact the UIGEA is completely defective and unenforceable. There isn’t any clear understanding of what the UIGEA means under the words “illegal online gambling.” The banning act was designed to halt offshore internet casinos but it allows some forms of online gambling activities based in the US. As a result, the American government got a confusing set of online gambling regulations.
At the end of the last year a set of draft regulations for the gambling banning act was released by the Federal Reserve Board and the Department of the Treasury of the USA. These disputable regulations resulted in debate and concern from those who supported the online gambling industry and the US financial institutions. The four Republicans sent an official notice to Chairman Bernanke and Secretary Paulson in relation to the online casino regulations.
A specific and justified request is included in this letter. It requests that the two federal agencies withhold the online casino gambling regulations release till they define clearly the exact meaning of “illegal online gambling.”
After passing the UIGEA, the US and world’s online casino gambling got many problems and the controversial regulations are only one of them.
August 15th 2008
Cantor Fitzgerald group, based in New York, is already in a good proprietary technology position in the new mobile gambling market on licensed brick-and-mortar casino premises. Some time ago it acquired Michael “Mickey” Wichinsky’s family of businesses by Cantor Gaming, its subsidiary.
Cantor Gaming, an affiliate of Cantor Fitzgerald LP, is considered to be a unique gambling development company that is based outside the USA because it manages to circumvent successfully all the controversy which surrounds the online gambling industry in the US. Cantor Gaming is even supported by much of the land casino gambling industry. It launched a ground-breaking on-premises gambling device at Las Vegas land gambling casinos and is going to launch the on-premises mobile gambling devices at all the land casinos in the country. With this acquisition Cantor Gaming gets one of Nevada’s biggest portfolios of games, developed more than 50 years.
They developed the mobile product in order to allow land casino players to use the mobile devices to play and bet from any place on the facilities of the company. Such devices can be used by the swimming pool, in the cafe or in the hotel room.
However, Cantor Gaming isn’t satisfied only to launch the on-premises mobile device. So it has also designed a mobile gambling device which is similar to the mobile internet gambling in the United Kingdom (the difference is that Cantor Gaming mobile gambling device may pass through the US law that does not allow foreign online casinos to operate in the American market).
August 13th 2008
The Gambling Commission of the UK with the ICM Research help gathered data to measure the long term and immediate effects of a liberalized gambling sector which includes currently internet gambling regulation and additional land casinos.
Following the survey data for this April, the July report shows that there was not a spike in gambling activities - to the disappointment of anti-gambling advocates otherwise hoped to defend their position. Since last September, the Commission has been getting sufficient information through the surveys to trend data figures for every quarter. And the tendency is that casino gambling in the United Kingdom is under sufficient control.
With increased land and internet-based casino gambling options you have been able to face a justifiable uncertainty to a little extent. However, the Commission as well as gambling experts has been confident from the beginning saying that regulation causes better scrutiny and protection of the gambling industry.
According to the latest survey, last year 8.8% of the UK adults took part in one form of remote betting as a minimum by means of a PC, mobile phone or interactive TV. The most interesting fact is that almost half of this number was adults participating only in National Lottery games through remote means of betting.
The average internet bettor of the United Kingdom is a grown-up male of 18 - 44. Though there were not any statistics specially taken concerning online bingo, we could assume that the bigger piece of internet bingo activities is made up by female bettors. Online gambling by means of PC remains the most favourite form of remote betting (almost 7% of the surveyed), then goes betting by mobile phones and interactive digital TV.
August 12th 2008
All the internet-based casinos are always trying to find new ways to have an advantage in the competition and one of the best way to do this for some companies is to redesign older sites in order to revive interest in their company and their online gambling products. BetUS is the latest site that has announced a new modernization and redesign. BetUS is quite a famous and established name in the world’s online gambling industry. Also it is a well-known poker site. In addition it offers a top sportsbook product. Players who decide to gamble with BetUS have an enormous selection of online gambling opportunities. And at the moment they are sure to be able to find the right games even easier after the site’s redesign.
The new site is smoother and has in mind the end user all through. The BetUS gamblers can navigate the new BetUS site simpler and also transit seamlessly to other BetUS online gambling products from the casino tables to sportsbetting, the website provide their gamblers with a wide choice.
Already the lobby at the online casinos of BetUS is going over positively with the online players who took part in the beta testing launch of the site. Now any BetUS player can enterthe site and surf through the new interfaces.
The majority of the new options are available to online bettors rather than online casino visitors. For online bettors the smooth redesign is an opportunity to view instantly the upcoming games, the currency for the bets, the odds, and a great deal of new extra features.
July 27th 2008
Some time ago, a WTO arbitrator granted $21 million per year that the USA had to pay to Antigua and Barbuda in order to cover their losses due to the UIGEA. But hitherto the Caribbean have to keep waiting when the United States will pay off its online gambling damages. The US have been changing deadlines that is considered to be a failure on the US behalf to negotiate bona fade and take the required initiative over the online casino gambling matter.
The sides have changed the planned deadline for friendly reasons twice before the latest rescheduling. The last time the USA sent a diplomatic team in order to handle the internet gambling issue just three days after the expiration time. John Veroneau, the Deputy US Trade Representative, arrived with a brief visit in Antigua and after the negotiations with Dr. Errol Cort, Minister of Finance and Economy, a new deadline was set on 1, August.
Cort expects the USA to take two to three months more to arrange a way to pay off the gambling damages. Dr. Errol Cort has added that the deadlines aren’t necessary to be kept firmly to put pressure on two countries to keep on meetings and negotiations on casino gambling damages.
The United States were given a chance to excuse their behavior as there’s a network of organizations which are involved in this case. The United States did not give any comments, and Antigua citizens and businessmen aren’t all supporting Cort in his patient position.
July 26th 2008
Rank, a top European gaming business based in the UK, is increasing their interest from the world’s online gambling industry. In spite of rumors that have gradually increased for the last few months that a takeover of Rank plc is inevitable, however now there are still a number of companies with a considerable interest in the Rank land and online gambling group. Now Guoco is the leader of the internet gambling companies that are interested in Rank. Guoco, an Asian-facing investment group, has been seeking a way into the online casino gambling industry of the UK and especially in the UK gambling market.
The online gambling industry of the UK is the most established and advanced worldwide. There are a number of licensing jurisdictions and the online gambling companies that pass very strict procedures in order to protect the online players from exploitation. Though an expansion into the Asian gambling industry is predicted by the majority of analysts in the following years, now the European online gambling market are the safest for foreign investments. It has been announced by Guoco that they are increasing their share holding in Rank to 18%.
There are some other investment groups and internet casinos that are interested in Rank plc. They are Genting Group and Goldman Sachs. These companies also have over a 15% of the shares in Rank. While Rank asserts that they haven’t any plans to sell out, there’s a possibility that one of the above mentioned companies is priming for a takeover, or otherwise.
July 24th 2008
The name of 32Red online gambling group can be a little misleading since the group doesn’t operate in the red. 32Red is one of the favourite online gambling sites that made news last year due to the sale of the group’s betting division. According to performance reports of 32Red, the online gambling group is doing better than ever. In June a lot of companies have released financial reports for the second quarter and half-year of 2008. Half-year results were also released by 32Red that showed the company is doing very well. Other internet casinos states about some problems in the first half-year, but 32Red only saw raises up to the moment.
The majority of the main internet gambling jurisdictions are experiencing a rough patch. Due to the economic recession, the gambling revenues have declined a little. However, 32Red manages to sustain total gambling revenues and see an increase in comparison to the year of 2007. They show a considerable 26% raise over the same period of 2007. The amount of gamblers entering the online casinos has also grown a lot, 13.5% more active players than in 2007.
The half-year report corresponds to the internet casino gambling industry’s expectations and it is also corresponding with what 32Red has expected after it was not responsible any more for the BetDirect business. In fact Stan James bought BetDirect from 32Red and has also contrived to make that division profitable for this year. In general, 2008 is proving to be a positive financial year for 32Red and the online gambling group anticipates the positive performance up to the end of the year.
July 23rd 2008
The parliament of South African has frequently discussed the issue concerning online gambling and at last it passed the bill which will license and regulate the online gambling industry of South Africa. Most of the South African chief politicians voted for the online gambling bill. And now many of the European internet casinos and other jurisdictions are extremely interested in the potential inside the gambling market. But for the moment Thabo Mbeki, the President of South African, has to study the online casinos or to sign the new gambling bill.
The President can veto the bill passed through federal parliament. However, the Mass Media and analysts of online gambling industry state that there isn’t any reason for Mbeki’s delay. Many want to give the benefit of the doubt instead and suppose that Mbeki has not simply dodged it. In reality, the possibility of legal internet gambling in South Africa is a key deal and would bring in a colossal change for country’s citizens because of the current restrictions issued from the federal government towards online casinos that illegally offer online gambling to players in South Africa.
In fact, the bill is quite solid, in general as it should be because of all the negotiations and delays that caused that the bill and all its provisions were fine-tuned. The parliament concerns greatly about underage and problem players. To solve those questions, the bill has strong regulations relating to the protective software level that any licensed internet casino must have before it legally appears on the online gambling market of South African.
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