Gambling Revenue Drops Chile Mine Rescue

The last couple of days’ live coverage of the Chilean mine rescue had viewers from across the globe glued to their television sets.  According to the latest news coverage, all thirty-three Chilean mine workers were rescued.  Even online casinos experienced a sharp decline as gamblers tuned in to catch the latest news about the rescue mission.

According to the latest research breaking news stories draws gamblers’ attention away from their pc’s to their televisions. This has been the case with the recent rescue mission of 33 miners that have been trapped in a mine shaft for 69 days in Chile.  A couple of players stated their reasons why they did not gamble at their respective casinos the last couple of days.

“The internet casino I wager at will always be there and I can access it any time, however, a gigantic event like the rescue mission in Chile only takes …

Las Vegas Global Gaming Expo

The last 10 years online gambling has been an ever present thorn-in-the-side of land-based casinos. Since it has the ability to snatch millions of dollars from its land-based counterparts.

This is one of the issues that will top the list at the next annual Global Gaming Expo to be held at the Las Vegas Convention centre from the 16 to the 18 November. Introducing the inaugural iGaming Congress, it’s tailor-made for professionals within the industry in the hope of finding solutions to current problems especially within the internet gambling segment.

The aim of the new partnerships involves the Innovation Group, BolaVerde Media Group, Lewis and Roca and iGaming Business Magazine. They will function as a networking unit designed to endow land-based casinos with information concerning the global Internet gambling business.

In 2008, American punters spent approximately $5.9 billion at offshore gaming vendors reported The American Gaming Association. This amount is seen as …

Internet Gambling Scandal Hits US Congressman Tierney

Republican John Tierney’s wife pleaded guilty on federal tax charges for assisting her brother to file false tax returns to cover an illegal online casino establishment. The downside to this is that it may have dire political consequences for Rep. Tierney who’s up for re- election in November.

Republican candidate Bill Hudak of Boxford, for the 6th District will come up against Tierney in the general election in November said that he was “saddened” when he heard the allegations against Tierney’s wife.

“Information from newspapers and television was my only resources pertaining to these allegations and has been going on for at least eight years involving $7 million,” Hudak stated. “

However it’s imperative this exposé happens, given the nature of the circumstances and the quantity of time and money involved it stands to reason that the congressman’s vote might be in question, with special reference to the vote on …

Can Pigeons Gamble?

When birds were given the opportunity to play a pigeon ”fruit machine” their resistance crumbled before the jackpot, irrespective if the odds were stacked against them.

The study indicated psychological addiction in pretty much the same way when humans purchased lottery tickets and popped in at casinos.

A device has been set up by researchers to test pigeon gambling tendencies with strong parallels to human slot machines.  The pigeons received special training to peck on one of two keys that indicated projected vertical or horizontal lines as well as red, yellow, green and blue colours.

In the event the correct keys were indicated the birds were rewards food pellets, this varied based on displays.  The ”jackpot” prize of 10 pellets, delivered on condition a key was pushed that showed a vertical line and a certain ”signal” colour, for instance red.

Zero pellets are normally coupled with vertical lines that are …

Singapore Businessman Loses $100 Million!

The latest casino news from Singapore to hit the headlines is that a local businessman recently wagered and lost a staggering $100 million at two of the country’s top land-based casinos.  

According to the latest Forbes list the businessman is one of the richest people in Singapore.

Singapore Businessmen Loses Millions at Local Casino

The amount he lost only constitutes a fraction of his net worth.  The irony of it all is that he is not the only high stakes gambler to find out that the “house is always the winner”.  According to an inside source another mega rich tycoon from the Eastern-Malaysian state Sabah parted ways with $50 million at the same casino.

“A regular high-roller at these casinos; the Resorts World Sentosa and Marina Bay Sands mentioned that these tycoons can afford to lose these amounts. It’s not the first time that somebody lost this amount of …

Endemol Enters eGaming Arena

The creators of Big Brother and independent production company Endemol UK has decided to brave the internet gaming industry and to launch their own internet gambling website.

Endemol Games would be responsible for the licensing and monetising aspects as well as its third party entertainment properties in the gaming space and at the helm is newly elected managing director Jurian Van der Meer, formerly Endemol UK’s production head and brand exploitation, in a recent company interview.  In turn, Van der Meer will report to Lucas Church the chief operating officer of Endemol in the UK.

“Endemol UK has cemented its position within egaming industry and the launch of Endemol Games will typify the significant growth potential our business will have within the near future,” said Church. “Jurian has an outstanding track record and has produced the goods in the gaming section so far across all platforms and I am exceedingly happy …

Neteller Internet Casino Transaction Update

The premier online casino payment service provider is Neteller.  Customers are updated on a regular basis pertaining to the latest gaming news and payment methods via its website and blog.

In its latest blog Neteller has notified its VIP members that it has improved its service to those members/players who exchange currency in their various internet casino transactions.  This is only applicable to internet wagerers living in Asia or South America gambling at casinos accepting payments in US dollars or Euros.  A transaction fee of 2.95% is normally levied.

Neteller’s VIP members only pay the minimum fee of 1.5%.  Please note, that they were charged the full fee and given a rebate of 1.45% the following month.  VIP members were not liable to pay withdrawal fees when they withdrew their funds from their Neteller e-wallet account. This too had been charged in the mean time and players would be compensated …

UFO Sightings Excite Chinese Gamblers

Of late it has become a habit for Chinese gamblers to stop and stare at the night sky over China because of recent UFO sightings over the country.

Superstition in Chinese culture tops the list since the Chinese are notoriously superstitious people by nature.  Whenever Chinese gamblers pay a visit to land-based casinos they have certain rituals they follow. The pray to their ancestors to bring them good luck and fortune and they take lucky charms with them to the casinos they’re about to visit.  Recent UFO sightings are forcing Chinese gamblers to stop and stare:”Maybe this is some sort of portent from the ancestors?”.

“My friend is a steady gambler at Macau and he told me to look at the night sky for these flying disks and it has become a favourite pastime for us,” said Byron Blandt, who’s an American residing in China. “I asked him why and …

US Politician Wife Embroiled Illegal Internet Casino

In 2006 representative John Tierney has voted against the Unlawful Internet Gambling Enforcement, unfortunately Tierney or his fellow lawmakers could do nothing to halt the bill from being enforced in a laden Republican Congress.

Presently Tierney has been given the cold shoulder by many of the same Republicans that helped create the UIGEA.  Tierney’s wife, Patricia has pleaded guilty on Thursday and admitted to have been involved with an internet gambling casino operator that has been owned and operated by her brother.

In the US the internet casino Industry has always lifted eyebrows, but not many folks believed that politicians would stoop so low in particular where one’s wife was said to be involved with one.   Yet another election campaign is coming to an end in the US and the majority of internet wagerers are wondering if there are still any politicians they can trust.

Barney Frank has really tried …

Macau Shareholders Smiling

It seems like Macau’s gambling revenue is going from strength to strength and revenue for 2010 is set to increase by more than 50% the top gaming regulator told the Macau Daily Times yesterday. So far this year’s revenue represents an increase of more than 20% in its previous forecast.

Having scrutinised the figures from January to September, “we can now honestly say that revenue at Macau’s casino has increased and will increase by more than 50% on a yearly basis, the director of the Gaming Inspection and Coordination Bureau (DICJ) Manuel Joaquim das Neves said.

The month of September saw Macau’s gross gaming revenue reach MOP 15.3 billion (USD 1.9 billion).  Therefore indicating an annual increase of 39.8 percent based on information released by the gaming regulator.    To date the last nine month’s gaming revenue has escalated to a whopping 60 percent year- on- year to MOP 133.24 billion.