The US Department of Justice has approved the first round of payments to those customers affected by the abrupt closure of Absolute Poker and Ultimate Bet
ATLANTIC CITY, New Jersey — (Associated Press) - New Jersey wants to subject companies that handle Internet gambling deposits and payments to stricter licensing requirements, in the hope it will make banks more willing to allow the use of credit cards to fund online betting accounts.
The reluctance of banks to allow credit card use to fund accounts is one of the main things holding back the growth of New Jersey's new Internet gambling industry.
Lawmakers have made Internet gambling part of the Pennsylvania year’s state budget though few believe any measures would be signed into law in 2014.
The odds are stacking against Web gambling ever becoming legalized in the Keystone State.
New Jersey online gambling companies are seeing around a 75% decline in credit cards, according to Matthew Katz of CEO of CAMS.
He recently spoke to Rebecca Liggero of CalvinAyre.com regarding the current climate in New Jersey when it comes to payment processing.
“I think the biggest challenge is just education, getting the bankers to understand how significant the technology and the processes all the regulators have in place to be compliant,” Katz said.
Buck & Butler’s grand ambition is to be the industry’s most unique and innovative casino, and the people behind the new casino take pride in working hard every day to provide the market with a casino experience totally out of the ordinary.
CashBet, a California-based and Alderney-licensed software platform provider and turnkey operator enabling online gambling for social and mobile games, revealed it will be offering its platform in the coveted US market by year’s end, specifically the state of New Jersey.
The company launched its real money online gambling platform in the UK on Thursday (May 8, 2014) with the casino game Casino Island Adventure from leading developer Gamzio, Inc.
Activist investor Jason Ader of SpringOwl on Monday made available its initial presentation highlighting the need for change at Bwin.Party, one of the largest online gambling firms in the world.
BitWin.io is delighted to announce the launch of a brand new Live Dealer Casino in addition to the introduction of their state of the art Poker platform, hosted by CoinPoker.io. Despite the best efforts of online casinos to prove the fairness of their RNG (random number generator) casino games, sceptics will probably never be satisfied that games are truly fair and random.
Slot machines have long been a key element of gaming entertainment. The 'one armed bandit' is synonymous with casinos across the world. Of course, the advent of online casinos meant that slots fans could suddenly have fun from the comfort of their own home. However, this is not where the story ends – Software giant Playtech has developed a whole range of revolutionary online slots which are keeping players well and truly entertained. Here are just a few reasons why.
Denmark is the latest country to begin blogging what it deems to be “illegal” online gambling sites, essentially those that are not licensed by the Danish government.
Two Finnish online gambling firms based out of Malta have announced a merger in an effort to better compete with the likes of fellow Scandinavian wagering companies Betsson and Unibet. The combined company will use the iGame name.
Online gambling software firm Playtech has received a “buy” rating from 12 different agencies that cover the stock.
From the MidEast Times:
Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 816.10 ($13.53).
There are dozens of online slots available for those living in New Jersey who wish to play on the Internet. There are specific brands we would like to highlight here.
“Secrets of the Phoenix” allows casino players to match the stone relics and watch as they cascade down leaving space for even more wins.
Live in New York State but you wish to play on one of New Jersey’s online gambling websites? You can do so, with a catch.
All of New Jersey’s licensed and regulated Internet gambling websites incorporate geolocation technology that prevents individuals from placing real money bets from outside the Garden State.
888 Casino Canada is one of the largest and most diverse online casino sites offered legally in Canada. The site boasts over 150 diverse games to Canadians including slots, poker, live dealers, progressive jackpots and table games. Being big doesn't mean that they won't work hard for your business. 888 Canada offers a large selection of promotions for their players to choose from. Some of the most popular ones offer a truly 'no risk' experience to newbies.
A former Tyrone football star reportedly did some additional “starring” in a gay porn, according to the Irish Mirror.
For anyone who has ever tried their hands at online gambling, it is not secret that most sites are full of distracting ads, questionable information, and a distinct lack of usable advice. KeyToCasino.com has created a comprehensive, yet clean searchable database for users that provides valuable, up-to-date information on best casinos, bonuses, and the most exciting games in the online gambling industry.
(Reuters) - Casino mogul Sheldon Adelson became a major player in Republican politics in the 2012 elections, when he spent more than $90 million in an unsuccessful effort to oust Democratic President Barack Obama.
Now the 80-year-old billionaire wants something from Washington: a ban on Internet gambling, a growing industry that Adelson says could hurt the casino industry. On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.
(Associated Press) - A plan to let New Jersey casino regulators oversee foreign Internet gambling companies if they move their operations to Atlantic City has moved a step closer to approval.
A state senate wagering committee approved the bill Monday.
The measure is sponsored by Sen. Raymond Lesniak. He says many overseas gambling companies want the stamp of approval that would come from submitting to New Jersey's casino regulators, who are among the strictest in the nation.
The foreign firms wouldn't be able to take bets from anyone in the United States.
Popular online gambling super affiliate company Income Access has entered into a partnership with Betfair.com to allow affiliate marketing in New Jersey.
Internet gambling firms are looking for creative ways to catch up with bwin.party, which so far has dominated the airwaves and offline media throughout the New Jersey-New York-Pennsylvania region.
Whether affiliates will be enticed enough to focus on such a limited market remains to be seen. Only those physically located in New Jersey will be able to wager with Betfair.
(Associated Press) - Nevada and Delaware’s recent agreement to launch the nation’s first collaborative, interstate online poker zone appears to have drawn a backlash from gambling’s opponents in Congress, who are planning to drop a bill rolling back the legal opinion underlying the recent deal.
The Swedish gaming market is an extremely competitive one, as until recently only a handful of companies were granted permission by the government to operate. With state-owned company Svenska Spel dominating the market of sports gambling, it was tough – and even unlawful – for anyone to attempt to set up a private operation.
ATLANTIC CITY, N.J. (Associated Press) — The growth of New Jersey's Internet gambling market slowed somewhat in its third full month of operation, with the Atlantic City gambling websites posting a nearly 9 percent revenue increase in February.
The 16 online gambling sites had posted a 28 percent gain in January, to $9.5 million. In February, the online sites won $10.3 million.
Online payment solutions company Neteller announced Monday that it will be relaunching services in the US.
The company was forced to flee the US market in January 2007 after two of its founders were charged with violating anti-gambling laws. The Unlawful Internet Gambling Enforcement Act was passed just two months prior to the highly publicized arrests, with Gambling911.com breaking that news story.
South Carolina Republican Senator Lindsey Graham is on the cusp of introducing a bill that would strengthen the Unlawful Internet Gaming Enforcement Act (UIGEA) of 2006 and fully ban all forms of online gambling including poker.
While UIGEA essentially does just that, the US Justice Department interpretation of the law opened the door for state-by-state legislation. Graham wants no part of it.
Ifrah Law PLLC, a Washington, D.C.-based law firm focused on complex civil and criminal litigation, secured a major victory for its client, the Interactive Gaming Council (IGC), on Friday when the Kentucky Court of Appeals ruled that the trade association could intervene in a long-standing in rem forfeiture proceeding on behalf its members.
A Kentucky Appeals court ruled Friday (February 21, 2014) that the state cannot seize 132 online gambling domain names. The court determined that a trade organization, the Interactive Gaming Council, can step into the 6-year-old case and represent operators of named websites. An earlier ruling declared that trade organizations such as IGC and the now defunct Interactive Media Entertainment & Gaming Association (iMEGA) lacked standing.
U.S. Senator Dean Heller (R-Nevada) said he anticipates new federal legislation banning all forms of online gambling except poker to be introduced in the coming months. Such a measure would ban Internet sports betting and online casinos, the later of which are currently permitted in the state of New Jersey.
Heller and others in Congress have attempted to pass similar legislation in recent years without any success.
So I am sitting in my hotel room here in New Jersey, back from a conference, wishing I could get to New York City or Philadelphia and this ad pops up on television for PartyGaming. “Wow!” I’m thinking to myself. “I can actually be playing online casino games right here in my hotel room before dinner?”
“Oh wait! I don’t see ads for PartyGaming on TV in my home town so this might just be a New Jersey/New York thing.”
The Financial Times of London is reporting that a New York-based activist hedge fund will be taking a stake in struggling Bwin.Party.
SpringOwl, which is managed by the activist fund Cumberland Associates, has “agreed in principle” to purchase around 6.1 per cent of Bwin.Party from the group’s founders, Ruth Parasol and Russ Deleon.
As part of the deal, SpringOwl will have the right to appoint one director to the board.
In a 2007 piece appearing in the San Francisco Chronicle, Thomas Somach wrote extensively on the potential for an Internet Gambling gold rush in the US where land-based casinos and even the likes of Disney could get into the fray.
A suspended police officer has been arraigned on a manslaughter charge in the chokehold death last May of an unarmed man he chased out of a Las Vegas Strip casino.
New rules from Beijing prohibit investments in core military technology and anything that endangers national security, according to a report filed by CNBC Monday.