When the gambling bug hits, most people travel to Las Vegas where the gambling fun never stops!

This could change soon if it’s up to Las Vegas Sands Corp. Since the launch of this new casino in Singapore, the gambling world has been in a buzz ever since.  Two of the world’s largest casino companies are trying their level best to oust Las Vegas as the gambling capital of the world and to make Singapore the new gambling oasis on the planet by means of attracting tourists in their millions.

Analyst for Morgan Stanley, Mark Strawn said, “Over a six month period Singapore has gone from zero to hero raking in a staggering $4.5 billion in gambling profits.” According to Baron’s the market is yet to expand topping up to $10 billion in gambling revenue by 2012.

Having seen the recent successes achieved in Macau’s gambling industry; Singapore has lifted …

Acquisitions at times have been the main rationale for affiliate departments of UK sportsbook vendors, unfortunately at what cost?  A couple of years ago most cybergambling operators escaped by means of paying affiliates way to little for affiliate referrals. Affiliates were pushed to the brink to land more accounts, driven by monthly and yearly goals operators placed on them.

This was accomplished by offering casino affiliates a lifetime revenue plan, ultimately setting the bar for affiliates, ‘offering safe and fair’ payments across all channels online casinos yielded their revenue from. Numbers were increased, supplementary CPAs, no negative roll over, were seldom paid, accompanied by player sign-up offers that were aggressive. Of late, the competition has increased substantially and player standards were compromised for lower margins and gradually more smart players.

Many were guilty of making the same mistake of being too confident in their product, they didn’t even bother checking …

Ladbrokes has pulled out of France and cancelled its sports betting enterprise with Canal+ after realising that the country’s tax conditions are way too high and the economy is presently not very investor friendly.

French regulator ARJEL has issued Unibet with the following licenses for sports betting, poker and horseracing, in a statement made on Friday by La Tribune.   The internet casino vendor said that it anticipated going “live” by late 2010 or early 2011.

Gary McIlraith, Ladbrokes managing director of digital channels, international and strategy commented, “In consultation with our associates we came to the conclusion that the tax bracket imposed by the French government is extremely high which forced us to review our initial investment and to retract from the French market.   It is our aim to participate within the French market, but not now when economical conditions are more conducive for us.”

A Ladbrokes spokesman added that …

The conditional trading of Betfair began last week and Friday, its current value is £1.65bn, has introduced two new products – LMAX the long anticipated financial trading product that will imitate its sports betting switch over for retail investors and internet vendor comparison site Betchecker, the latter will enable punters to find companies which offers the most suitable bets.

The financial trading offshoot of Betfair, LMAX, will present retail investors with a choice to buy and sell Contracts for Difference (CFDs) in market indices, commodities and FX, additional asset modules to be added to the platform soon. CFDs request to retail investors will facilitate them to extrapolate profit from share price moves without having to compensate the stamp duty related with owning the shares.

The platform will join internet retail investors with Betfair charging a commission on every trade it done with its betting merchandise.

Betfair is responsible for setting …

Match fixing’s occurrence has always been a headache in any major sporting event, hence the reason the International Olympic Committee is on guard against the possibility of a match fixing scandal.  Soccer has been the sport most likely to be affected during the Olympic Games of match fixing, of late the IOC has vowed that this activity will be rooted out of their International events in future.

An International Sports Monitoring arm has been set up by the IOC to stay abreast and informed in the hope that this type of scandal could be side stepped.  ISM will keep close tabs on any gambling trends, in the event there is an unusual increase in bets, it would be reported to the IOC instantly for further investigation.

“IOC President, Jacques Rogge said, “Match fixing is a reality and could transpire within the Olympic Games at any time at Sunday’s news meeting. …

It has been rather quiet with regard to the latest news on the regulation and the legalization of Internet gambling in the US. One of the main reasons could be is that the political system is geared toward the upcoming November 2 midterm elections.

Whatever the net result is of these elections, the future on online gambling in the U.S would be decided. Assuming the Democrats manage to win a landslide victory, in all likelihood gambling legalization will press on. If the Republicans manage to win, chances are pretty good that the bills will be placed in the backburner and forgotten.

The Poker Players Alliance (PPA) is trying to set the standard by means of championing the legalization of internet gambling. PokerPAC, which forms part of its Political Action Committee (PAC), is trying to influence lawmakers to support internet gambling. It has kept record of all the Congressional candidates who is …

From the looks of it the U.S government is going to have an uphill battle if it wants to curb internet casinos from accepting players in 2011.  Based on the findings conducted by Juniper Research state lotteries will permit mobile applications next year and the mobile gaming industry will boom to a massive $50 billion in revenue within the next few years.

The initial implementation of The Unlawful Internet Gambling Enforcement Act (UIGEA) was to prohibit U.S citizens from placing bets at internet casinos; lawmakers are facing a new problem in the likes of technology; since it has been progressing faster than new legislation could be imposed.

Juniper Research’s Windsor Holden, is the person responsible for doing the research on mobile gaming devices and the impact it will have on the U.S gaming industry.  He firmly believes that mobile gaming will be the future of the gaming industry in America …

2010 has been a bumper year for PartyGaming. The operator saw a rise of 9% in its revenue for the third quarter in comparison to the previous year.  This has been corroborated by non-executive chairman Simon Duffy of the merged Party/Bwin Company.

PartyGaming said in its interim statement that its group revenue increased from €78.3m in Q3 2009 to €85.3m in Q3 2010. This indicates a significant growth across all sectors except for poker.  Revenue of Sportsbetting is on the up as well by 86% to €5.4m (2009: €2.9m) thanks to a fantastic World Cup. Revenue for Bingo increased by 36% to €13.1m during the third quarter in comparison to €9.6m for the same period the previous year, thanks to the purchase of Cashcade.

The third quarter saw a decline in Poker revenue from 5% to €29.6m in comparison to €31.3m in 2009 the main reason for this is the …

The online gaming industry is beginning to eye social networking sites like Facebook and Twitter.  Based in London Spin3 is a mobile gaming solution owned by Spiral Solutions and powered by Microgaming.  Microgaming is the world’s leading gaming software provider for internet casinos.

21 Blackjack Party user which forms part of Spin3 has announced that it would be integrated into Facebook.  Febrauary 2010 saw the introduction of 21 Blackjack Party launched by Spin3 in its first game for Apple’s applications store.  This new innovation will enable players to indulge themselves in the latest gaming releases whilst social networking at the same time.  Simply put players will be able to update each other with regard to how the advance in the game.

In 21 Blackjack Party players will have access to a tracking facility where they will be able to keep tabs on their skill levels and score levels will be …

The Victorian government in Australia is set to gain from a projected $74 million from gambling revenue for 2010-11, in comparison with 2008-09 this figure is up by 4.5%. The state’s government report has released this figure. It constitutes one of approximately 200 reports that have been released by the Brumby Government in State Parliament.

According to the report tax revenue accounts for approximately 10% of the state’s total revenue. One of the main concerns the Victorian government faces, pertaining to gambling in its entirety and the revenue generated from it, it has lead to a significant increase in problem gamblers as well.

Based on the report’s findings, it indicated that certain areas within the community had a high percentage of gambling revenue obtained from gambling addicts.  It has been hotly debated that if a significant share of the government’s revenue came from gambling taxes, the government would be compelled to …