Neteller Upgrades Website

Neteller the world’s leading eWallet payment solution to egaming sites notified its customers a couple of weeks ago that it’s going to revamp its website. The caption of the message read as follow, “We’re busy upgrading our website to make it more convenient for you to get the most out of your Neteller eWallet, Net+ Prepaid MasterCard and all our other services.

Forming part of this new upgrade, Neteller’s sign-in page has a new look and feel to it.”The message also stated clients will from henceforth be able to sign into their Neteller account much easier than before. The new changes are the suggestions of Neteller users.

Clients proposed that Neteller users must be able to review their customer profile and be able to update their information frequently. Ensuring that all client contact details are updated often enabling Neteller to notify internet casino players about any new Neteller promotions, giveaways …

EGBA Debunks Gambling Myths

The European Gaming and Betting Association (EGBA) as a charitable gambling organization was introduced to the internet gambling world in 2007.

Its primary objective is to create and nurture an environment within Europe’s gambling community where operators can offer quality service to punters from various European countries.

So far EGBA is not very popular with many European governments, reason being many governments intend to monopolize and control internet gambling with an iron fist and EGBA opposes this. Governments postulate that internet gambling is a social vice that must be kept on a very short leash. To counter these viewpoints, EGBA released a “Myth-busting” page that could be perused on its website debunking many of these common myths.

Top of the list against internet gambling is that it exacerbates problem gambling making it easier for persons to place wagers online who can’t afford it. EGBA firstly denied that it made any …

Gaming Developments In Europe

Given the current global climate many European countries are in favour of legalizing online gambling to boost their ailing economies.

The following European countries Bulgaria, Finland and the United Kingdom made headline news recently.

In 2008 the Bulgarian government started looking at gambling reforms by legalizing internet gambling with a tax on profit at 17% and sports betting to be controlled by the state. In a bid to legalize and monetize internet gambling Bulgaria sent a revised draft internet gambling regulatory legislation to the European Commission (EC) for endorsement this May. The EC has rejected Bulgaria’s efforts according to local media reports.

The restriction placed on advertising is presently is a serious matter indeed. Common sense dictates that without proper advertising campaigns internet casinos won’t be able to garner enough players to become profitable organizations. Many operators have voiced their concerns as per the EC’s criteria that applicants must have …

Spiderman Star Embroiled Illegal Gambling Ring

Toby Maguire better known as the actor who played “Spiderman” has been saddled-up with a severe lawsuit as a result of his involvement in an unlicensed gambling ring.

According to court papers filed in Los Angeles high profile and wealthy personages were enticed to participate in Texas Hold’em poker tournaments held at luxury hotels and private residences in Los Angeles. The Texas Hold’em poker games were arranged by a lady called Molly Bloom. In his civil lawsuit against Maguire, the plaintiff Howard M. Ehrenberg claims that the actor owes him $311,200 plus interest he won in poker games.

Ehrenberg is a bankruptcy trustee who represents investors that have duped into a reported Ponzi scheme, allegedly master minded by Bradley Ruderman. Ruderman is accused of using investors’ cash to bankroll the winnings in these poker tournaments.

Cassaon-casino could not reach Maguire’s legal representative for any comment. Maguire is not the only …

Two Playtech Jackpots Won

The last two days two large progressive jackpots have been won on Playtech internet slots. The jackpots won were on Wall St. Fever and Fruit Mania.

The jackpot amount hit on Wall St. Fever totalled $90,463; players should note that slot game has a very unpredictable jackpot. During the course of a year it paid out amounts as low as $16,170 and as high as $262,220. In total the amounts it paid out during the course of a year came to $1.4 million at an average of $118,500 being won every month. The current jackpot won is a tad below the average. This slot game’s jackpot currently stands at just over $6,000.

The Wall St. Fever internet slot game mimics the thrill and passion of traders on the stock exchange. Symbols showcased on the reels are ringing phones, bleeping mobile phones, briefcases, computer monitors, stock charts, the bull, dollar signs …

UK Gambling Act Might Be Reviewed?

Latest gambling report drafted by Ernst and Young raise some concerns.

With reference to a special report that has been released by independent business services firm Ernst and Young on the UK Gambling Act commissioned by the National Casino Industry Forum, the Gambling Act 2005, aimed to establish additional land-based casinos, in effect limited the capacity of current casinos to generate new products.

For one, as it is there’s way too many fixed stakes rules and quotas imposed on gambling establishments nowadays, as a result casino operators can’t absorb the rising costs by means of passing them on to players any more. Then there’s the increased tax rate to contend with as well, initially it started off at a reasonable rate of 2.5 percent then skyrocketed to 15 percent, this is a huge problem for casinos.

This could be one of the main reasons why the UK’s Culture Secretary, Jeremy …

EC Waives Consumer Rights

Internet gamblers excluded from agreement.

A while ago the European Commission (EC) proposed the creation of a Consumer Rights Directive, it outlined specific rules and requirements businesses must stick to in their contracts with customers.

The main aim of this objective was to protect the consumer’s rights across the entire gamut of economic activity.

The Remote Gambling Association Limited (RGA) represents the globe’s biggest licensed and stock market-listed internet casinos, of which a large part comes from Europe. It champions the cause of the internet gambling industry pertaining to issues relating to regulators, legislators and major decision makers across the globe.

The RGA’s principal objective is the creation of a properly-regulated and secure gambling environment where a player can wager in a responsible manner. In essence the RGA welcomed the EC’s proposal for a Consumer Rights Directive to impose proper legislation that combated underage and problem gambling properly monitored by …

Xenophon Fights Pokies In Australia

Senator Nick Xenophon who vehemently opposes gambling in all its formats vowed to “be an irritating, determined bastard in and out of the Senate” in spite of losing the balance of power in Australia’s upper house.

The Australian Federal Police (AFP) refused to bow to pressure last month that was placed on them by Independent senator and anti-pokies campaigner Xenophon to incorporate internet casinos in its review and to ascertain if internet poker sites such as PokerStars and Full Tilt have violated Australia’s Interactive Gambling Act (IGA).

Xenophon said he aims to increase the responsibility of his Joint Select Committee on Gambling Reform Inquiry, of which he is the deputy chair, to include internet gambling after the Australian Crime Commission had, at the appeal of the FBI, urged the AFP to indict poker sites that purportedly contravened the IGA. Xenophon said the FBI and AFP are invited to make submissions to …

Ukash Makes E-Banking Easier

One of the casino industry’s most popular global payment solutions to internet casinos is Ukash.

Ukash aims to equip players to make online transactions more effectively by bypassing credit card and banking transactions. It started off when Ukash sold vouchers for cash at retail outlets that could be used to fund player accounts at internet casinos. In 2010 Ukash allowed operators to pay out winnings to a Ukash voucher.

In its latest press release Ukash announced the introduction of its UkashOut MasterCard. It “enables players to convert online winnings back to cash without any difficulty”. When players receive their winnings to a Ukash voucher, they can transfer their cash to a UkashOut MasterCard.

In turn they can use the loaded UkashOut card to withdraw cash from any ATM or use it at retail stores to buy goods. Players who want to transfer the cash they’ve won from one internet casino to …

Black Friday Bad For eGaming

According to a recent survey undertaken by H2 Gambling, Capital Global, egaming growth will drop by more than to 4.4% this year. This is by far the slowest annual growth it experienced since the gambling data business started out in 1998.

H2 ensuing its initial results season stated that its global egaming gross profits forecasts for 2011 were down to €23.76bn, from the €25bn and 10.2% year-on-year growth it anticipated at the beginning of 2011.

The Manchester-based consultancy firm said that the main reasons for its decline in its profits could be ascribed to the economic backdrop, time consuming regulation, however the main culprits that had a severe impact on the global poker market to date are Black Friday and the recent Japanese earthquake’s dire impact on the Japanese Racing Association, which is the largest interactive operator on the planet.

H2 said in its latest press release: “Black Friday which occurred …