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Welcome to Bet Sage's
Online Gambling News Section, featuring the latest breaking
gambling industry news courtesy of
InfoPowa
News. This is your
one stop source for all
and any of the latest
developments concerning
all aspects of the
Online Gambling
Industry. InfoPowa News
headed up by senior
partner Brian Cullingworth
are recognised as one of
the leading and most
respected independent
gambling news services
in the online gambling
industry.
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| 4 JANUARY 2008 : HEADLINES |
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Revenues continue to meet ambitious management estimates
London-listed online betting company Sportingbet plc, which owns a number of well established online gambling operations was in optimistic mood this week, reporting to shareholders that sales have continued to meet analysts' estimates since its first quarter ended in October.
According to a company statement, the group has maintained the quarter's "strong performance."
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UK Gambling Commission publishes final guidance document
Following extensive consultation since October 2007, the UK Gambling Commission has compiled and published its regulatory document: "The Prevention of Money Laundering and Combating the Financing of Terrorism." The publication gives guidance for remote and non-remote casinos concerning their responsibilities under the Money Laundering Regulations, which came into effect on 15 December 2007, and the Proceeds of Crime Act.
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Its the wild West Indies, and every major copyright holder may be taken along for a ride.
The marketing publication Clickz has examined the World Trade Organisation ruling that gave Antigua and Barbuda the right to violate up to $21 million a year in copyright and trade mark protections of US companies following the online gambling tussle between the two nations.
The article quotes the New York Times, which reported: "...the ruling is significant in that it grants a rare form of compensation: the right of one country, in this case Antigua, to violate intellectual property laws of another -- the United States -- by allowing it to distribute copies of American music, movie and software products."
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The planets most popular online poker site records 20 386 simultaneous players
There's a new world record for numbers of online poker players on-site simultaneously this week, as Poker Stars.com reports 20 386 pokerheads playing at once on the popular site. Available records at the reliable Poker Scout site suggest that this is the first time that over 20 000 real money ring game players have been in action at the same time.
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He may have apologised for past cheating, but teenager Josh Field is not welcome at the Caribbean Adventure
In a sequel to last week's public message board apology by teenaged online poker whizz-kid Josh Field (better known online as 'JJ Prodigy') Poker Stars management has excluded the just 18 year old from its upcoming Poker Stars EPT Carribean Adventure, and by implication other such events.
Field has admitted to cheating through underage multi-accounting at online poker sites including Poker Stars, conduct which has earned him substantial prize money, but also a bad reputation and bans which now appear to extend to live action.
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Business as usual for poker's biggest event, says director
The imminent $17.5 billion sale of Vegas gambling group Harrah's Entertainment to Texas Pacific Group Capital and Apollo Management, L.P.will not result in any significant changes to the World Series of Poker hosted annually by the group in Las Vegas, a director of the company has confirmed.
WSOP Communications Director Gary Thompson told poker media outlets this week that the sale would not affect the WSOP brand and the series will continue to be a showcase feature of the company going forward.
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German moves being closely watched
The new year appears set to kick off in confrontational mood in Germany, where major online gambling companies are facing off with the 16 German states over plans to maintain state monopolies over gambling with an accord due to come into effect on January 1st (see previous InfoPowa report)
The accord will effectively ban private betting companies from operating in the country, a flagrant departure from EU treaty obligations requiring free movement of services.
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Government ministries working on a proposal
After years of discussing the possibility (see previous InfoPowa reports) the Asian country of Vietnam is seriously considering the legalisation of gambling to better manage the activities and draw tax revenues from the pastime, news agency VNA reported this week.
The ministries of Finance and of Planning and Investment are currently drafting a proposal for submission to the Hanoi government for consideration, under which it may be empowered to issue special regulations to "....ensure the sound operation of gambling services providers, prevent potential crimes in association with gambling activities, and safeguard the legitimate interest of gamblers and bettors."
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FoxNews explains the US online gambling dilemma
Radley Balko, the Reason magazine editor and writer, presented a factual and informative article on Fox News this week explaining why the attempts to ban online gambling by US legislators should be opposed.
In his introduction, Balko skilfully outlines the World Trade Organisation predicament in which the United States now finds itself following years of trying to selectively ban online gambling whilst hypocritically shielding Internet betting by the US horse racing, state lottery and fantasy sports industries.
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Backgammonmasters' software a hit with Betting Terminal Inc
The online poker software developed by the Backgammonmasters' gambling website will soon find far wider application following a deal to use the product on betting terminals in a diversity of land locations.
The agreement between Backgammonmasters and Betting Terminal Inc involves integrating the Texas Holdem poker game software into game terminals which are scattered throughout the world.
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Year end deal with Glimmer Limited brings NetEnt's score to 18 for online casino system
Swedish online casino turnkey supplier Net Entertainment ended 2007 on a high note with the announcement that it has signed up Glimmer Limited for its Casino Module online gambling system - the 18th client to place an order in 2007.
Glimmer Ltd. has a strong presence in the land based casino industry and will through the cooperation with Net Entertainment extend its operation with an online offering during the second quarter 2008.
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Absolute Poker provides stats since June on Internet poker's biggest bad beat consolation
According to a statement released by online poker venue Absolute Poker, a total of 39 bad beat jackpots have been hit since the introduction of the firm's bad beat system in June 2007, paying out $6.58 million to bad beat players.
Bad Beat Jackpot is just like regular Texas Hold'em but with a slight twist. When seated at a Bad Beat Jackpot table, if a player loses a Texas Hold'em hand holding four 8s or anything better, he or she will win a large piece of the Bad Beat Jackpot.
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New site keeps its promise with introductioon of Euro 75 000 league
Recently arrived Boss Media-powered online poker site Pokertrillion.com has lived up to its promise to provide a Euro 75 000 league with the announcement this week that its exclusive 'Trillion Poker League' commenced on Tuesday 1st January 2008.
UK-owned Pokertrillion says that tournament players can win a little something extra in 2008; all players that enter a multi-table tournament consisting of 31 players or more in 2008 whilst playing at the site, will simultaneously be playing in the Trillion Poker League.
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A new service from top poker forum
Mason Malmuth's respected online poker message board 2+2 started the new year with a new product, launching the first instalment in a new weekly 2+2 PokerCast series.
The program will include a wide variety of interviews, strategy and other poker-related content as it moves forward, featuring leading personalities in the world of poker.
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T6 getting a lot of publicity - not all of it good
The 31 year old Danish entrepreneur behind recently launched online poker site T6 Poker.com, Torben H�bertz, is making waves in the industry with his multi-level marketing approach to promotional funding, questions regarding past enterprises and a software switch barely a month after launching in Beta on December 2.
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Highly regarded chief remains at the helm despite $17.5 million takeover
High profile Las Vegas chief executive Gary Loveman will remain at the helm of gambling giant Harrah's Entertainment Inc according to a press release issued by the cpompany this week.
Loveman's position as chairman, president and CEO is expected to remain despite completion of the merger of Harrah's with affiliates of TPG and Apollo Management, L.P., which is expected to occur early 2008.
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New Labour government makes a controversial move
Australia's recently seated new Labour federal government has wasted no time in introducing sensitive Internet legislation, proposing censorship laws aimed at stopping computer-savvy children from looking at banned sites, including online casinos and pornography.
Due to come into affect January 20, the new rules are designed to restrict access to age restricted content either hosted in or provided from Australia and apply to most service providers supplying content via a carriage service. Labour government spokesmen justified the new policy after claiming that the previous government's proposal of supplying free NetNanny software to all households who wanted it wouldn't adequately protect children.
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German states clamp down on Internet gambling
As reported in InfoPowa bulletins earlier this week, the German states have literally cast the die by imposing a protectionist accord to halt online gambling in the country. The move is sure to have serious repercussions from major international gambling groups who have threatened to litigate, and the European Commission which has already indicated that the ban is contrary to EU treaty principles on the free passage of services and trade between member nations.
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Look sharp, ladies - the High Heels Poker Tour is coming to town!
In a concept developed last year, high-energy promoter Lauren Failla introduced a new dimension in women's live poker branded The High Heels Poker Tour. The tour is supported by a website at High Heels Poker Tour.com and features a club where a $30 annual fee secures membership and delivers information on upcoming events, hotel discounts, giveaways, eligibility for free seat drawings, specials, and perks, such as private receptions and hospitality rooms.
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Directors hope for GBP 60 million offers
Business Sale Report and other UK business media report that online gaming firm Betgenius has hired investment bank Arbuthnot Securities to undertake a strategic review of the business, with a GBP 60 million sale in mind.
Betgenius provides technological and data-driven solutions to the sports betting industry. The business offers services covering more than 15 000 betting markets a week, including odds fixtures and results from over 50 different sports in more than 90 countries.
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Management deal with Inside Gaming comes to fruition
A deal negotiated late last year for Inside Gaming to launch and manage an online gambling site for the Nuts Poker League (see previous InfoPowa report) has seen the advent of the League website on the Playtech platform and iPoker Network.
The Nuts Poker League (TNPL) has joined arguably the largest online poker network, which offers more than GBP8 million
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