Governor Christie Delays Gambling Bill
Only on the 3 March will Governor Chris Christie reveal his assessment on intrastate online gambling in New Jersey. On this day the legislature reconvenes culminating seven days of passionate lobbying on both sides of the debate.
Christie, one of the favourites to run as the presidential candidate for the Republican Party in 2012 will make his decision on internet casino gambling on Thursday the 3. Since January the 10 is 45 days after Senator Raymond Lesniak’s egaming bill passed. Christie will wait after the legislative recess that will begin following his budget address to local politicians. On March the 3 we’ll know whether or not online gambling gambling will be regulated in the state of New Jersey.
Joe Brennan, of the Interactive Media Entertainment and Gaming Association (iMEGA) president said he’s positive the bill would be signed by Christie into law. But “no one is going to dispute the …
Casino Operator Problems In Scandinavia
Scandinavian countries that manage and operate their own monopolized operators are Norway and Sweden. According to latest press releases both these countries are experiencing problems in this field.
Norsk Tipping, conducted a survey of the state gambling monopoly of Norway, it found that 4% of Norwegians over 18 wager at foreign online casinos. As of July 2010 new legislation imposed stopped all financial transactions with offshore internet casinos.
The survey report has been forwarded to Culture Minister Anniken Huitfeldt. She said that tougher methods must be imposed to prohibit unregulated internet gambling. As reported by the Norwegian newspaper Dagbladet stricter measures include ISP filtering to stop foreign internet casinos and poker rooms. The Minister said, “Measures like these have been successful in Italy, Estonia and France and this concept is now popular in Denmark.”
However, this proposal does not have the support of the liberal section of the polity and …
US Internet Gambling Pioneer Passes Away
Political strategist for the Poker Voters of America (PVA) lobby group, Jim Tabilio recently passed away at the age of 59.
On Wednesday afternoon Tabilio died of a heart attack just after departing from a California Senate Governmental Organization Committee hearing for Senator Rod Wright’s SB 45 bill. He accompanied various tribal leaders to discuss certain issues pertaining to legalised internet poker in California.
Melanie Brenner, PVA president whose Tabilio’s successor said: “Jim Tabilio’s strived to legalise and regulate intrastate internet poker, hopefully his efforts will not have been in vain and it would lead to an opening up of the US market for internet gambling.
“To say the least I won’t be celebrating with him, however I’m grateful for the opportunities he created for so many of us.” For 25 years Tabilio was an independent political consultant before teaming up with Winning Directions on a full-time basis in 2005. …
BetFred Eyes Mobile App
A new mobile offering is recently introduced by Betfred and it’s available on Android and Apple devices. The app permits betting on all the main sports and it includes a mobile version of the internet casino’s ‘Goals Galore’ football coupon.
It’s still possible for Jersey to become the third Channel Island to legalize internet casinos; however it has to wait a little longer before laws are introduced. An additional analysis of the proposed legislation has been ordered by Deputy Mike Higgins, irrespective of the island’s parliament coming out in full support for the licensing of internet casinos in a vote held this week.
Gaming revenue for Finish internet casino RAY is on the up, its revenue increased by €24m in 2010, marking a year-on-year growth of 3.7%. A 4.8% increase in slots revenue further boosted RAY’s growth, which comprised 79% of the internet casino’s total revenue.
French gambling operators refused to …
Ladbrokes:Online And Mobile Expansion
Ladbrokes is geared to increase its egaming profits in key segments this year by making use of online, mobile and international growth. Pre-tax profits for Ladbrokes increased by £4.5m in 2010 from £58.2m to £62.7m and its net gaming revenue increased by £8.7m from £160.7m to £169.4m.
In the UK retail still overshadows online in both revenue and profits. However, Glynn is eager to point out the company’s commitment to its non-retail and non-UK activities comprising 25% of the bookmaker’s activities. “Ladbrokes nowadays is sees as a retail-led business expanding abroad and online business,” he said. “We strive to be an e-enabled international betting and gaming internet casino and we have clearly defined goals in mind to accomplish this.”
Glynn is realistic when it comes to developing and expanding Ladbrokes’ online player presence. He indicated that 25% of Ladbrokes’ new digital players found Ladbrokes.com into their internet search-bar, whilst a …
US Land-Based Casino Syndicate Exposed
Normally online casinos are the culprits when it comes to allegations of fraud and scams. The FBI (Federal Bureau of Investigation) just released the details of a scandal that has been going on at numerous land-based casinos across the US and Canada. The swindling resulted in the accretion of unlawful wealth totalling $7 million. Agent Peter Casey of the FBI handled the investigation explained how the scam worked.
It makes for a perfect Hollywood movie script the recent land-based casino scam. The brainchild of this scam was Van Thu Tran and her husband as far back as 2002; this “Bonnie and Clyde” couple were dealers at an Indian tribal casino in San Diego. Their fraudulent operation was simple. It entailed a bogus shuffle that created a “slug”; in a group of cards whose order does not change when the remaining cards are shuffled. As soon as the slug comes into …
LCG Might Pay £7.7m
There is a strong possibility, that the London Capital Group (LCG) might pay recompense amounting to £7.7m after a new appraisal had been made by the Financial Ombudsman Service (FOS) pertaining to customer complaints concerning commission rebating of a spot FX fund set up in the first half of 2009.
According to a LCG statement today, at first it thought the financial impact on the group would “that severe” to date only one client incurred costs of £100,000. However, it added that a revised estimation from the FOS was received on the 11th of February and losses suffered by all clients in the fund could total in excess of £7.7m. Reports estimate that as many as 112 other clients could receive compensation.
“Based on a previous decision given by the FOS in with regard to this case, we anticipated that the impact of the FOS investigation would be of no …
Gambling Industry:Research Indicates Growth
Global Industry Analysts (GIA) is hailed as the world’s most esteemed market research publishers. Founded in 1987 it employs over 800 people across the world. It publishes more than a 1200 full-scale research reports per annum.
GIA recently publicized a new report titled “Casinos: A Global Strategic Business Report”. The report provides a detailed outlook on both land-based and the internet gambling industry. Topics covered are its overview, trends & issues, regulatory environment, associated industries, product innovations, recent industry activity and profiles of market players worldwide. According to GIA’s research in 2015 the global market for land casino gambling will reach $101.30 billion and there will also be a significant growth in gambling over the internet.
The GIA report says the casino industry represents the biggest and most rewarding sector of the land-based commercial gambling market. It points out that more and more governments are making use of the casino …
Download Versus Flash Games
A couple of years ago online casinos had to entice players with the most suitable content to download theirs software before they could wager. The downloadable version offered superior graphics, a greater user interface and a larger selection of casino games. While browser based Flash games was placed in the back burner and to a certain extent seen as the lesser cousin to the great download. It’s always been convenient and formed an integral part of the mix for internet casinos.
Oh how have times changed! Browser based content in 2011 is now in decline. Those days are gone when slow internet connections prohibited games developers from designing premier quality graphics via a browser.
During the last five years the internet gambling landscape has changed considerably and internet casinos nowadays won’t sign an exclusive deal with a single content provider anymore. To say the least, the download client, with its …
32Red Wins High Court Injunction
Two of the UK’s most prominent operators’ court case came to a grinding end yesterday when the judge ruled in favour of 32Red. The British High Court in London prohibited William Hill Online (WHO) from using the 32Vegas trademark in the European Union and must publish the court’s ruling on a number of its main websites including WHO-owned Affiliates United.
32Red internet casino won the trademark dispute last month after two years, a High Court judge imposed an injunction to 32Red prohibiting WHO from using the 32Vegas trademark – renamed 21Nova since August 2009 – any place within the EU. William Hill Online must publicize yesterday’s court ruling on its main websites including Affiliates United, which has 70,000 strong affiliate programs across all its brands.
The case continues today whereby 32Red’s legal team will seek reimbursement from Britain’s premier bookmaker, the legal costs might be astronomical. Its legal team will also …