The Philippines government notification that it is valuing it’s online and land gambling state asset Pagcor for a possible sale has triggered what appears to be intense interest from the vice chairman of food and beverage group San Miguel, according to Agence France Presse reports this week.

Confirming the interest expressed by Ramon Ang, vice chairman of San Miguel, Philippine President Benigno Aquino said on Monday his government would study a US$10 billion offer from the local tycoon to take over the government’s monopoly casino franchise with Malaysian help.

Ang made the unofficial offer personally and not on behalf of San Miguel in an interview with the mass circulation Philippine Daily Inquirer, which carried his comments on its front page.

“It is a proposal, it is a very interesting proposal.

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Scientific Games Corp., an American listed company with which Playtech embarked on an online joint venture in January this year has announced another internet gambling industry deal. The New York-based company has acquired the assets of the Boston online casino game and marketing software developer GameLogic Inc. Terms of the deal were not disclosed.

The Boston Globe reports that GameLogic was founded in 2002 and raised over $26 million from venture firms including Bain Capital Ventures of Boston, General Catalyst Partners of Cambridge and Maveron LLC of Seattle.

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The UK internet gambling group Skybet subsidiary Sky Vegas is among the first to launch the latest Openbet-developed interactive slot Community Cops ‘n Robbers as its latest new game release. Community Cops ‘n’ Robbers is a 5 reel slot game with 20 pay-lines, where players can win up to £250,000 with stakes from 1p to £25 a line.

However, it is the game’s three ‘community’ bonus rounds that set it apart from its predecessors.

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Online casinos are all about the spin. The spin of the online slot reels determines whether you win or lose. Likewise, the spin of the roulette wheel determines your fate. Lose enough money at the blackjack table and your head may start spinning, but it might not necessarily be all bad. If you’re new to the online casino, you may have lost their money instead of your own. Y

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The Chinese Ministry of Culture announced Saturday that the country’s first regulation specifically governing the marketing of Internet gaming and gambling will take effect Sunday, claiming that the laws are necessary to protect the nation’s children from ‘unwholesome content and Internet addiction’.

BNO News reports that the legislation was issued by the Ministry on June 22, and rules that online games targeting minors must be free of content that can lead to the imitation of behaviour that violates social morals and the law.

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Two of the largest online gambling companies announced Thursday that a merger has been planned between the two entities. PartyGaming and Bwin Interactive Entertainment will be combining to become the world’s biggest publicly traded Internet gambling company.

Both PartyGaming and Bwin are full blown gambling sites, incorporating online casinos, sports betting, and online poker.

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To even the casual observer, it should be apparent that the global online gambling industry is growing. After all, we are seeing nations overturn gambling bans, other nations do away with gambling monopolies, and new online casinos spring up all over the place. Just how much the industry is growing, though, exceeds even my estimates.

Recently iGaming Business, one of the major providers of business intelligence for the online gambling industry, released a report on the state of the market.

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The excitement was heating up at the 2010 World Series of Poker with noted pro Johnny Chan looking to tie Phil Hellmuth’s record number of WSOP bracelets:  11

In 2005, Chan became the first player to win ten World Series of Poker titles, defeating Phil Laak in a Texas hold ‘em event. He is currently tied with Doyle Brunson for second place with 10 World Series of Poker bracelets, behind Phil Hellmuth.

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Poker Cards Over the past couple of years, the online gambling industry, which is comprised largely of online poker and online casino sites, has been concerned about how the rules of the Unlawful Internet Gambling Enforcement Act would affect business. Read the full post >>

One of the biggest names in online poker, Tom "Durrrr" Dwan, was dangerously close to being eliminated from the 2010 World Series of Poker (WSOP) main event Wednesday evening.  Dwan was down to a 6500 chip count by the 7 pm PST hour. 

Dwan is known as a maniacal gambler online who often places side bets on himself that tend to be costly. <

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