GAMBLING NEWS : The Latest Gambling News Provided By InfoPowa News
Welcome to Bet Sage's 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 leisure based wagering activities on the internet.
 
26 MARCH 2007 : HEADLINES Add to My Yahoo! Add BetSage Gambling News Headlines to My MSN Add to Google BetSage Gambling News - RSS Feed BetSage Gambling News - News Now  
 

Isle of Man e-wallet announces new online gambling geographic bans due to "regulatory risks"
Canadian and Turkish online gamblers will have to find alternative e-wallets to process their action following an announcement Monday that the Isle of Man based Neteller third party cash processor is imposing a ban on these regions.

Reuters reports that the British online payment processor will no longer process transfers related to online gambling sites for Canadian or Turkish residents due to regulatory risks.  more...
   
23 MARCH 2007 : HEADLINES         BetSage Gambling News - News Now  
 

Remote Gaming Tax rate announced by Chancellor Brown is discouraging
Wednesday's budget speech by Britain's Chancellor of the Exchequer, Gordon Brown has been initially met with disappointment by many online gambling companies expecting a better tax incentive for moving to Britain and seeking regulation under the new Gambling Act.

Speculation on what the British government would offer as an incentive for remote gambling companies to move to Britain ranged down as low as 2 percent, and the Chancellor's announcement of a 15 percent rate of taxation is discouraging.  more...
   

"It's insane. They spend years deregulating the industry and then overtax it."
The much anticipated budget speech by UK Chancellor of the Exchequer Gordon Brown (see previous InfoPowa reports) was greeted with disappointment and even dismay by online gambling companies this week, and reaction in the British business media reflected this.

Reuters said that gambling firms and casino operators were left disappointed by Wednesday's budget after the Chancellor slapped higher tax on large casinos and did little to tempt Internet gambling onshore.  more...
   

GBP 470 million on-off negotiations impacted by Brown's 15 percent tax decision
The much speculated upon acquisition talks between Ladbrokes and 888.com will almost certainly be impacted by the high 15 percent tax rate on Remote Gaming operators announced by UK Chancellor of the Exchequer Gordon Brown this week, reports the ThisisMoney site.

The two companies have been in on-off talks for months, with 888 looking for a strong parent to shelter it from legal problems in the US where internet gambling financial transactions have been banned under the Unlawful Internet Gambling Enforcement Act. But the tax levels announced yesterday give it little incentive to leave its Gibraltar tax haven.  more...
   
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But why will it take the e-wallet up to 75 days just to announce a payment plan?
The frustrations of US players who have funds frozen in the Neteller vs. U.S. Department of Justice debacle may nearly be over...but further patience will be required before the issue is finally resolved, according to a statement from the Isle of Man-based e-wallet.

The company says it has signed an agreement with the US authorities for the transfer of funds back to its US customers, and hopes to announce a plan within the next 75 days for the distribution of the frozen funds to US customers.  more...
   

State officials admit impossibility of proceeding....in return for a cash payment
The drama that saw then Sportingbet.com chairman and UK citizen Peter Dicks arrested and detained in New York last year entered its final act this week when state of Lousiana officials accepted a punitive payment of $400 000 from Sportingbet and closed the case.

2TheHeadAdvocate.com, a Lousiana legal industry publication reports that Internet gambling charges were dismissed against the executive, who was visiting New York on non-gambling related business when detained on a covert warrant issued in Lousiana. But extradition issues left the case nearly impossible to prosecute, St. Landry Parish District Attorney�s Office admitted.  more...
   

Push to open the international betting market throughout 27 EU nations
Denmark, Finland, Hungary and Sweden could be priority targets for the European Commission as it moves to open up the cross-border exchange of trade and services in terms of the EU charter with more confidence following the recent European Court of Justice finding in the Placanica case.

Reuters reported this week that the European Commission will step up legal action against the four countries in a bid to open the betting market across the 27-nation European Union.  more...
   
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European gambling giant comments on EU sovereignty issues
Positive decisions by the European Court of Justice regarding the free movement of goods and services over EU state borders, together with European Commission threats to nations acting against the EU rules have been highlighted in a statement from the Austrian public company bwin, a major European betting group.  more...
   

We should be allowed to offer our services in a fair, regulated, and competitive market, says official.
The actions of the European Commission in pursuing EU states which deny access to private or foreign online gambling companies were applauded by the European Betting Association this week.

In a statement the Association commented on the European Commission's issue of Reasoned Opinions against three Member States (Denmark, Finland, and Hungary) and its decision to extend its investigation to the legislation of Germany and of The Netherlands.  more...
   

All parties involved agree to a further delay of one month
Reporters covering the hearings in New York against Neteller founders John Lefebvre and Stephen Lawrence today (Friday) returned to their publications empty handed as the Department of Justice team were granted a further extension until April 16. Earlier, court officials had hinted that this would be the case (see previous InfoPowa report)  more...
   
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US customers financially prejudiced by the Neteller vs. Department of Justice wrangle have formed a strong and fast growing alliance.
Millions of dollars in U.S. consumer funds have been tied up in the online gambling wrangle between the US Department of Justice and the Isle of Man-based e-wallet Neteller since January, with inadequate communication from the warring parties leaving customers in the dark. Here's a group where U.S. Neteller customers can join together to exchange information and formulate common action to recover their monies.  more...
   

"Alexander First Nation are now and have always been sovereign Native peoples."
The Alexander Gaming Commission (AGC) has responded strongly to warnings by the Alberta authorities that it may be breaking the law by setting up a Kahnawake-like online gambling jurisdiction and hosting facilities for licensees.

The warnings from provincial officials came in the wake of a major development by the tribe of Alexander Internet Technologies (AIT), which has built a 25 000 square foot state-of-the-art Data Center offering services to companies on a commercial and licensed basis. Businesses likely to use the facility are oil and gas, media and film, imaging, and online gaming, along with other First Nations communities and businesses.  more...
   

Possible alliance with Barney Frank initiative mooted
The logical idea of carrying out a thorough investigation to determine whether online gambling can be effectively regulated in the United States has again achieved prominence in American media, with two respected Nevada politicians leading the charge.

Previous attempts have been made to get such an enquiry, which would have the support of the American Gaming Association, off the ground and could provide ammunition for efforts to seek the repeal of the Unlawful Internet Gambling Enforcement Act  more...
   
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ex-Neteller exec joins turnkey provider's management team
With their current troubles, Neteller could probably use the services of its experienced business development and marketing exec Bruce Elliott, but it's too late - he's joined the Microgaming management team as the vice president for sales and marketing!

The Isle of Man-based veteran turnkey provider and online gambling software developer announced the appointment this week, with Elliott taking over his responsibilities immediately. He joins Microgaming after four years with e-wallet Neteller, also Isle of Man based, where he helped grow the company from 75 to over 800 staff.  more...
   

Technical and sales competence enhanced by new arrivals
Turnkey provider CyberArts Licensing has announced two significant additions to its company management roster - veteran Silicon Valley software executive Rudi Diezmann, and Mark Simpson, a well-known sales professional in the European technology sector.

Simpson steps into the role of CyberArts' European Sales Director, responsible for all sales activities in Europe, Africa and the Middle East. His career has been marked by executive leadership posts at top technology companies, most recently as Regional Sales Director-Europe for IP address infrastructure provider Nominum. Simpson has previously held senior management positions at Orbis, Nativeminds, Kana, HNC Telecommunications Division and QSP PLC.  more...
   

Veteran turnkey supplier adds new software development clout
Kismet Studios, formerly Goldplay and a veteran turnkey online casino provider has become part of the Cantor Gaming group, adding software development and operating experience to the firm. Having recently closed Harrods Casino, but retained Red Lounge Casino, Kismet has a contribution to make in both areas.  more...
   
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But restructuring in the wake of the US debacle has been successful and current trading is strong
Online gambling firm Leisure & Gaming plc has released its results for the year ending December 31, 2006. Turnover from continuing operations was $74.2 million in 2006, with the company reporting a pre-tax loss of $12.8 million. On a per share basis the company lost $0.21.

Results during the year were significantly impacted by the closure of the company's US division which it sold for a nominal fee of $1. The divestment was the result of a US law banning online gambling financial transactions coming into effect during the year under review. Closing the US business meant that the company incurred a retained loss of $104.5 million.  more...
   

Top U.S. legal eagle says a membership of millions is the best way to influence self-interested American politicians
Leading U.S. gaming authority Anthony Cabot has come out in strong support of the Poker Players' Alliance, an American body dedicated to defending the game of poker from the depredations of U.S. politicians and self-interested gambling entities that seek to hamstring the game's development.

In an memorandum carried on the major poker information portal 2+2 this week, Cabot discusses the need for players to unite and has some pretty scathing comments on some of the politicians in his country who supported last year's Unlawful Internet Gambling Enforcement Act.  more...
   

Three major online poker tournaments finished this weekend
Seriously big winnings at various tournament final tables were recorded in the online poker sector this weekend, with six figure numbers commonplace even among runners up.

Rodel Tuazon became an instant millionaire when he took down the Mansion Poker.net Poker Dome title....and a million dollars....in Las Vegas.  more...
   
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Senator massages the president
Coinciding with Rep. Barney Frank's announcement this week that he intended to set about repealing the Unlawful Internet Gambling Enforcement Act, and other moves by Nevada politicians to introduce an investigation into regulatory options, Arizona's Republican Senator Jon Kyl did a little presidential massaging.  more...
   

Major insurer gets into more Sportingbet shares
In what is perhaps an indicator of growing confidence in the online gambling industry following the mass losses occasioned by the UIGEA last year, one of the UK's biggest insurance groups has made a large share buy in Sportingbet this week.

The fund management unit of insurer Prudential, M&G Investments, bought 2.5 million shares in the UK gambling group, raising its stake from 3.61 percent to 4.19 percent.  more...
   

Poker's biggest magazine signs up to provide online and radio coverage for the world's biggest pokerfest
Bluff Media signed up probably its biggest business deal yet this week, reinforcing its reputation as poker's biggest and most respected poker magazine.

At the heart of the venture is a four year World Series of Poker publicity partnership with owners Harrah's Entertainment, Inc. which has signed a non-binding letter of intent to form a digital publishing alliance with Bluff Media LLC for online and radio coverage of all World Series of Poker-branded events on a global basis.  more...
   
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Beef up your passwords, folks
A shocking if somewhat basic hacking of a well known poker player's account took place at PokerStars.com over the weekend, highlighting once again the danger of constantly lurking criminal hackers looking for opportunities to steal players blind, and the consequent need for care and vigilance.

Fortunately for poker ace Greg Raymer, the potential victim in Sunday's attempted theft, the hacker was none too subtle and the alert was sounded before the funds vanished.  more...
   

Latest ScanSafe stats show an alarming abuse of employer Internet facilities
ScanSafe, a provider of Web Security-as-a-Service that monitors clients' use of the Internet, issued compelling data this week on corporate Web usage.

The company reports that of the Web traffic the company scanned in February 2007, 49 percent was non-productive including requests for gambling, music, porn and Webmail sites. Overall, Web filtering blocks were up 8 percent compared to January.  more...
   

Cardroom2 debuts
The 24hPoker online poker network has introduced Cardroom2, a common-e-wallet concept allowing players to play on Boss Media's International Poker Network (IPN) network as well as on the 24h Network.

Using the new facility, customers can either deposit money directly in to a Cardroom2 account or transfer money from an existing 24hPoker account to make use of the dual network service.  more...
   
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European licensees will be muilti-lingual
Pegasus Gaming Corp., a European facing turnkey Internet gambling provider has completed its first multi-lingual package and will shortly start deployment to licensees.

In response to demand, Pegasus started work on the package early this year, and will lead with the implementation of Spanish and French, with other languages scheduled to follow later. BestBookMaker.com is the first licensee to deploy the new package.  more...
   

Thriller of a climax to Spring Poker Festival
A Croatian student lawyer who plays poker part-time was the surprise winner of the 2007 Party Poker.com European Challenge this week in a thrilling close to the Spring Poker Festival at the Concord Casino in Vienna, Austria (see previous InfoPowa reports)

Branimir Brunovic (32), who qualified online, won the prestigious title and a very handy Euro 190 160 winner's pot after victories over some of Europe's best, with players from Germany, Hungary, Sweden, the UK, Lithuania and from further afield, Canada as his opponents at the final table.  more...
   

Law enforcement in Ireland needs to brush up on their legal powers
This week's Northern Ireland Poker Championships were ruined by the questionable actions of the local Garda (police) who closed the event down despite its apparent legality.

Barely an hour from the start of the event, which attracted players from UK and Europe in addition to domestic talent, the local cops threatened the hotel venue with prosecution and loss of license if the tournament went ahead. The organisers tried for a compromise despite their conviction that they were completely legal, offering to donate profits to charity, but the police would not be moved and the event collapsed.... all without anyone seeming to know why.  more...
   
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888.com surprises Aussies with its telephonic inducements to gamble
Gibraltar-based 888.com created a stir with the Australian newspaper The Age as the week ended with its fast telemarketing after a reporter visited the gambling website for subsidiary Pacific Poker.

Naming 888.com, The Age reported that online casinos, worth billions of dollars and based on the other side of the world, are telephoning Australian gamblers and offering them inducements to bet.  more...
   

The largest site on the iPoker network gets more reach
Playtech's Titan Poker has extended its reach to Northern Europe with the announcement that it has added Danish and Finnish language options to its site.

Strategically planned to access major poker-playing nations, the additions are part of ongoing expansions and upgrades to the software and boost the choice of languages available to Titan players to 11. English, French, German, Italian, Spanish, Polish, Turkish, Swedish, Norwegian and now Danish and Finnish are all available to improve understanding and communications.  more...
   

Famous French casino group hit by substantial fines
The head of the famous French Groupe Partouche, which owns some 50 or more land casinos and operates Partouche Interactive (see previous InfoPowa reports) has reportedly been handed stiff fines and suspended jail punishments by a French Court this week.

The French media is reporting that Patrick Partouche was given a 12-month suspended sentence and a Euro 40 000 fine yesterday for his involvement with online poker site Poker770.com.  more...
   
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CRM provider will handle all telecom and mobile arrangements
The customer relationship management (CRM), mobile internet, e-commerce and gaming technology Chinese company PacificNet has been selected as the official telecom and mobile provider for the "2007 World Series of Mahjong", currently being organised by World Mahjong Ltd. (WML).

The first annual World Series of Mahjong will be held at the Wynn Hotel and Casino in Macau from June 15-17, 2007. The three-day tournament will gather the best mahjong players in the world, competing for the Mahjong World Championship and the guaranteed minimum purse of US $1 000 000, the largest cash prize in the history of tournament mahjong.  more...
   

WSOP entry field not in the same league as this event!
When PokerStars sweetened the pot to celebrate its one year anniversary for the regular Sunday Million tournaments it was a safe bet that the event would be exciting and the player support significant...but it soared above expectations in both departments.

Interviewed by Rolling Good Times this week, PokerStars manager Lee Jones said it took even him by surprise: "I was astonished," he told RGT. "I didn't think we'd hit 10 000 - eight or nine thousand maybe, but then again, I've been underestimating the size of fields for the last three to four years."  more...
   

The Internet's oldest online casino deplpoys more Spin3 games
Mobile games and technology provider Spin3 has announced that Intertops, the Internet's first and largest sports betting, casino, poker and games website, has expanded its mobile gambling offerings with the launch of casino games using its latest games.

Intertops Mobile Casino now also offers BlackJack, Roulette, Major Millions, Fruit Fiesta, Treasure Nile progressive slots, and the famous Tomb Raider Video Slot, expanding its betting options from WAP-based sports betting to classic casino games.  more...
   
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English Harbour online casino group rolls out the latest thrillers
Players at the English Harbour.com online casino are the first to play on the latest additions to the casino's gambling inventory, which now includes the Fat Cat Bonus Slot Game and Casino Hold�em in an impressive range of over 85 online casino games.

The Fat Cat Slot game, which runs on the Vegas Technology gambling software platform, incorporates a 5-reel, 20 pay-line offering, with a bonus game boasting a guaranteed jackpot of up to $800 000. The Casino Hold'em Poker game gives players the chance to pit themselves against the dealer and offers an increased chance of gaining the winning hand.  more...
   

iSports Stands act as a standalone sportsbook to boost business
ISI Maritime/Islands (ISI) officials have announced it will soon introduce its new sports betting kiosks, branded iSports Stand to casinos throughout the Dutch Caribbean, including St. Maarten.

The announcement follows the successful launch of 12 of the new iSports Stands on the gaming floors of five casinos in Curacao and Aruba.  more...
   

Son-in-law could face jail time for involvement in online gambling ring
A Queens, New York courtroom saw the latest events unfold in the sensational James Giordano series of hearings as the week ended with a Florida couple who helped run the $1.4 billion-a-year Internet gambling business pleading guilty to felony charges before Justice Stephen Knopf.

Daniel Clarin (32) and his wife, Melissa Clarin (31) of Miami, entered their guilty pleas to become the latest in a string of defendants who admit participating in an operation that processed bets through offshore computer servers and the Web site Playwithal.com (see previous InfoPowa reports).  more...
   
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Slick new addition to Player's Suite of table games
The much anticipated Poker Blackjack game from IGT-Wagerworks has started to appear on the sites of licensees this week and is reported to offer innovative features and pinsharp graphics.

To give blackjack players a real run for their money WagerWorks has added two powerful features that will prove challenging for novice and expert players alike. Power Double gives the player the chance to replace a weak double down card while Power Split gives players the power to split a hard 15 or 16, turning this otherwise dire hand into two second-chances.  more...
   

Salubrious locale for a serious gaming show
Malta-based GMM Business Solutions is to hold the IGE 2007 international gaming exhibition and conference between May 30 and June 1 on the grounds of an old villa on the banks of Lake Como in Italy.

The event will include a state-of-the-art gaming exhibition for both the land based and remote gaming sectors where market-leading companies will display and demonstrate their products, services and latest technologies to an international audience.  more...
   
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