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2008-01-25 - Taxi Cab Conversation Swings To Poker Taking a London cab has always been something of a safe bet, they hold a far better safety record than their North American counterparts. The traditional design of London’s cabs is recognizable and the welcoming accent of the driver often comforting although usually short on small talk.This may not be the case the next time ...
2007-12-23 - Media Giant Fairfax partners with Centrebet. class="MsoNormal">Centrebet, the Australian based Online Gaming company announced today that it will be launching a news sports-betting service in partnership with Australian media giant Fairfax. class="MsoNormal"> class="MsoNormal">Targeting the sizeable customer database of Fairfax’s Digital arm, the s...
2007-11-28 - Dial-a-Bet Centrebet Set To Offer Cell Phone WageringAfter extensive marketing, online gaming company Centrebet has launched a new mobile cell phone betting service, which it believes will appeal to non-conventional fans and provide a new source of revenue.The software, the first of its kind in Australia, is free and al...
2007-11-17 - Net Entertainment Ready To Listen To Boss? Amid news that Swedish company Net Entertainment had made a run at acquiring rival Boss Media, the Finansinspektionen has temporarily suspended trading of both companies’ shares. Boss Media CEO Michael Hallen issued an announcement: “As a consequenece of today’s trading halt in the Boss Media share, effected ...
2007-10-22 - Paddy Power World Cup Rugby Foray Falls Flat Ireland’s Rugby World Cup campaign is not proceeding as its supporters may have liked, but the Emerald Isle’s national squad is not the only green team who has not lived up to expectations. /> />Paddy Power, an Irish Bookmaker, entered into an agreement to sponsor the cash-strapped Tongan national rugby team, reportedly for a...
2007-10-22 - Credit Card Companies Lobby Hard For Online Gambling According to recently released disclosure forms, Visa USA Inc., the US-based division of Visa Inc. spent almost $2.7 million in the first six months of 2007 lobbying the federal government, while New York–based MasterCard Inc. spent roughly $880,000 in the same period. Visa lobbied the Federal Reserve, Federal Trade ...
2007-10-22 - The Taxman Playeth In what is being hailed as a victory for both sides, the Internal Revenue Service (IRS) and the casino industry has reached an agreement on the taxation of poker tournament winners. Last month, the IRS had initially told casinos that they were responsible for withholding 25% of poker tournament winnings over $5,000, a mov...
2007-10-22 - Norway to Mirror U.S. Online Gambling Ban Responding to public backlash against online gambling, the Norwegian government has announced it is planning to implement a ban on online gambling sometime next year, similar to that recently instituted by the United States, according to a top legal advisor. Speaking at an Internet gambling conference in Barcelona this we...
2007-10-22 - 888 Launches Sportsbook to Italian Market Noting the dynamic growth and strength of the Italian market, London-based 888 Holdings PLC has kept with its expansionist strategy and launched 888.it, an Italian version of its sportsbook. 888.it will start out relatively small by offering fixed odds initially related to national sporting events, as well as internationa...
2007-09-27 - Bush Government Asks Court To Dismiss Online Gaming Industry Challenge For the second time in a year the Bush administration has asked US District Judge Mary Cooper to throw out a legal challenge by the online gaming industry of its 2006 gambling law. Papers filed in Newark’s Federal Court by the Justice Department claim that the online gambling industry has no right to bring their case, as their arguments...
2007-09-21 - U.K. Online Gambler Numbers Rise to 3.5 Million An official report on gambling trends in the U.K. commissioned by the Gambling Commission, has revealed that the number of online bettors has skyrocketed to 3.5 Million people who regularly gamble online, a six fold increase in just five years. Around seven percent of those, or roughly a quarter of a million, are considere...
2007-09-21 - Belgian Government Files Complaint Against Unibet Belgian’s national Gaming Commission has filed a complaint against gambling giant Unibet for the site’s bet on which date a new government will be formed. Unibet risks a fine of 100,000 EUR as well as a suspension ranging from 6 months to 5 years. Its lawyers however point out that their action was legal in every other Eur...
2007-09-19 - For Bookies, Football Is King With September now here, Nevada bookmakers are clamoring to get the grand prize of gaming enthusiasts: the hordes of American football fans. According to recent numbers, last year sports books made over $84M in profits, an astounding 104% increase from the previous year. Frank Streshley, a senior analyst fo...
2007-09-14 - EU Court Rules Against Italy On Horse Racing In a modest victory for the privately owned gaming industry, the European Union’s top court ruled on Thursday that Italy was wrong to renew 329 horse racing book licenses without opening up the bid to public tender, Retuers reports. Before 200, Italy decided to increase the number of betting centers from the then-current n...
2007-09-11 - Online Casino Worker Held for Accepting Gambling Café Money Yoshiaki Takahashi, 43, of Hanamigawa-ku, Chiba, has been arrested for allegedly accepting kickbacks from a Kyoto internet café owner, with the funds coming from customers who gambled on the casino site Takahashi worked for. “I didn’t know the money was part of proceeds from illegal gambling” he was quoted as saying to inv...
2007-09-07 - Un-Luck o’ the Irish is Paddy Power’s Windfall It seems the stereotype may not hold true – except for bookmaker Paddy Power that is. Citing an unexpected number of favorable sporting event results, the Irish firm saw profits for the first six months of 2007 raise to over 35.4M (Eire), nearly double the 17.5M (Eire) it recorded during the same time in 2006. Even this past July and Au...
2007-08-28 - Centrebet Shares Struggle With Horse Flu Citing current ongoing equine influenza outbreak related issues, Centrebet International Limited stocks fell nearly 5% as the company attempts to asses how current horse racing restrictions will affect their bottom line. With restrictions on horse travel being implemented across several states, races have been postponed and others will ...
2007-08-26 - Well Known Poker Player Has Run In With the Law When Safford Police officer Brian Avila pulled over a 2007 BMW G-6 sportscar for reckless driving last week he had no idea what he would find inside – over $51,500 in cold hard cash. Aurangzeb M. Sheikh, an online poker player from Texas was pulled over after an officer spotted him driving erratically and at high speeds. H...
2007-08-26 - The Only League in Town (For Now) Michael Clebnik, a self-professed “computer guy”, may be the potential savior of poker playing in America. After the Unlawful Internet Gambling Act (UIGA) was put into place last year and effectively cut off the world’s largest customer stream for online gaming, many analysts feared for the health of the online poker indus...
2007-08-26 - UK Announces Advertising Ban for Unapproved Gambling Sites Government officials in the U.K. have announced new regulations aimed at removing advertising rights for gambling sites not based in a “white-list” country – effectively any country outside the European Economic area, according to the Department for Culture, Media and Sport. The new regulations would take place on Septemb...
2007-08-26 - Relocation Hurts Cryptologic Profits Despite a quarterly loss of $2.6M in its second quarter, gambling software firm Cryptologic is optimistic about its upcoming fiscal year. At this time last year, the company reported a profit of $8.2M, a staggering change from this year, however the firm blames the downturn on relocation costs. The company recently relocat...
2007-08-26 - Done in Name Only: BetFred On Verge Of £600M Flotation Britain’s largest independent bookmaker, BetFred has hired investment bank NM Rothchild to review their business. With 700 betting shops and ranking only behind the big three U.K bookmakers – Ladbrokes, William Hill and Coral, coupled with the volatility in the gaming market have led analysts to believe that a flotation of nearly 600M p...
2007-08-26 - Onward Christian Bettors Focus on the Family – the evangelical Christian coalition headed by James Dobson – has announced its support to the National Football League’s actions in opposition to proposed legislation in Congress that would legalize sports and online betting. The proposal, which was introduced by powerful Democratic Congressman Barne...
2007-08-26 - Pedaling Into the Sunset: Unibet.com Cycling Team Disbands Swedish gambling company Unibet has removed its sponsorship from its title cycling team according to a company statement, leading the team itself to disband. “we expected it. The riders are free to look for a job with other teams” according to former team manager Koen Terryn. The company’s retreat stems from an ongoing dis...
2007-08-26 - Interactive Suspends Stocks Interactive Gambling has temporarily suspended its rapidly-crashing stock this week, citing “pending clarity of its financial position”. Despite purchasing Heathorns two years ago and bookmaker Premier Bet last year, shareholders should expect the worst according to Rodney Hobson of Hemscott.com. This is the second share s...