Archive for the 'Gambling News' Category

Red Flush and Casino La Vida achieve eCOGRA accreditation

Saturday, February 5th, 2011

Two internet casinos in the Club Red Gaming online gambling group, Red Flush and Casino La Vida, have successfully passed a tough inspection process to secure accreditation with the independent player protection and standards organisation eCOGRA. By achieving the required standards, the two operations are now permitted to carry eCOGRA’s Safe and Fair seal, currently [...]

Manhattan court sends online sportsbetting organiser to jail

Saturday, January 1st, 2011

A Manhattan federal court sentenced a man who is alleged to have connections with the notorious Gambino crime family to 30 months in jail this week after he pleaded guilty to racketeering charges related to online sports betting. The New York Post reported that Michael Scarpaci (34) played a role in an Internet sports betting [...]

Paddy Power pays €101 million for remaining Sportsbet shares

Friday, December 24th, 2010

The land and online betting group Paddy Power , which acquired a 51% interest in the Australian group Sportsbet for €27.2 million in 2009, has locked up the remaining shares by exercising its option to buy the remaining shares of the company. Paddy Power has invested a further €100.9 million in completing the acquisition. Describing [...]

Playtech Moves Into Italy’s Online Casino Market

Tuesday, December 21st, 2010

Italy Playtech is one of the most recognizable names in the online casino industry, mainly because of their software development. This week, the company entered into a contract that will bring them into the Italian online casino market. Playtech and Buongiorno have reached an agreement that will bring Playtech software to Buongiorno when the Italian [...]

Tax net closes on Cyprus-based online gambling operators

Saturday, December 18th, 2010

Internet gambling operators who chose Cyprus as a convenient and tax-efficient base may have to reassess their position following developments this week in which the local constabulary announced that it had handed over information on internet gaming companies to the Inland Revenue Department. Coming on the heels of government moves to ban online gambling altogether, [...]

Wikileaks aftermath affecting online gambling

Saturday, December 11th, 2010

If you have had trouble conducting transactions with online casinos lately, Wikileaks may be to blame. Operation Payback has been causing a lot of problems with e-commerce lately and online gambling is not immune to the difficulties. A group calling themselves “Anonymous” (wow, are those people clever with names or what?) launched Operation Payback to [...]

Poker Players Alliance urges caution on U.S. poker legalisation proposal

Monday, December 6th, 2010

The Poker Players Alliance, an action body with over 2 million members that has long lobbied for the legalisation of internet poker, issued a statement this week on Senator Harry Reid’s new proposal to regulate and licence the popular pastime in the United States. Executive director John Pappas cautioned that the proposal was an evolving [...]

Victorian Commission for Gambling Regulation cracks down on bonus advertising

Thursday, December 2nd, 2010

It appears that the Australian state of Victoria is tightening up on gambling companies that offer inducements to punters to bet, with charges laid against four companies and the possibility of more to follow. The Age newspaper reports that Tabcorp subsidiary Luxbet found itself in hot water for offering illegal rewards to punters as an [...]

Cyprus may ban online gambling

Sunday, November 28th, 2010

The European Union does not allow any of its member states to restrict exchange of services from other member states. Except sometimes it does. Such is the complex and ridiculous nature of international diplomacy. Despite the fact that EU rules do not allow any member state to ban or restrict access to their online gambling [...]

Sportingbet reports promising first quarter results

Thursday, November 25th, 2010

Respected online gambling group Sportingbet Plc reports good progress in released results (unaudited) for the first quarter of its financial year. Key Highlights for the first quarter ended 31 October 2010 include: Amounts wagered up 11% to £513.9 million (Q1/2009: £463.2 million) EBITDA up 17% to £11.3 million (Q1/2009: £9.7 million) Mobile phone launch proving [...]