Business & Financial
Foreign Online Gambling Bill to be Introduced in New Jersey
New Jersey state Senator Raymond Lesniak (D-Union) is set to introduce new legislation that would allow residents of jurisdictions where online gambling is legal outside the US to play with individuals based inside of New Jersey. The official announcement was slated for 10:30 am EST Thursday.
The move would help create a more expansive pool of players, especially with online poker where volume is most needed.
American Gaming Association Responds to Adelson Anti-Online Gambling Effort
The American Gaming Association (AGA) has issued a statement in the wake of casino magnate and GOP bigwig donor Sheldon Adelson’s threat to launch a media blitz against legalization of online gambling in the USA.
The AGA state:
Christie Goes Off on ‘Trainwreck’, 'Absolutists' GOP: Could War With Adelson Be Brewing
New Jersey Governor Republican Chris Christie lashed out at his own party on Monday night, calling them a “train wreck”. That just happens to be the same term used by one of the GOP’s biggest donors, casino magnate Sheldon Adelson, to describe legalized online gambling in the US.
Coincidental timing?
Sounding Off Over Adelson: “Would Give Up Poker to Wipe Smile Off Snarky Ginger’s Face’
Poker players on the popular PocketFives.com website have blasted casino magnate Sheldon Adelson regarding his stance on legalized Internet gambling in the US. Adelson announced he will be ratcheting things up a notch by hiring lobbying groups in a feeble-minded effort to ban Web gambling at t
Some Visa and Mastercard Credit Card Issuing Banks Won’t Process for US Online Gambling Sites
American Express Co., Wells Fargo & Co (NYSE:WFC), Credit card issuers, Bank of America Corp (NYSE:BAC) and eBay Inc (NASDAQ:EBAY)’s PayPal won't be permitting transactions for online gambling sites located in the United States, at least for now.
Patent Suit Against Caesars Entertainment Corp, MGM Others Dismissed
Case 3:12-cv-00741-CWR-FKB Document 76 Filed 10/23/13: A patent infringement lawsuit filed by MGT Gaming late last year against MGM Resorts International, Caesars Entertainment Corporation, and Penn National Gaming, Inc. has been dismissed in a Mississippi District Court.
Outstanding Advancements Facial Recognition Software and Gaming Security
Although it may seem like technology lifted straight from the silver screen, facial recognition software has become staple amongst casino security across the world.
Ya Poker Joins Winning Poker Network: Will Target Latin America
The seemingly ever-expanding family of Winning Poker Network sites will add another member this with week with the launch of Ya Poker (www.yapoker.com).
Skrill Wins Right to Operate in New Jersey: Will be Only eWallet for Online Gambling
Leading online payments provider Skrill has been approved by the New Jersey Division of Gaming Enforcement (DGE) and will be the only company to offer a digital wallet for regulated gambling in the state of New Jersey.
Ultimate Gaming’s UCasino.com Set to Open: Now Accepting Pre-Registrations
LAS VEGAS - Ultimate Gaming encourages anyone age 21 and over to pre-register now for Ultimate Casino by visiting UCasino.com.
Wynn Drops Plans for Philadelphia Casino: Now Looking at New York
(Associated Press) - Las Vegas entrepreneur Steve Wynn will no longer seek a casino license in Philadelphia, now that gambling is on its way to New York.
Bwin.Party Q3 Revenues Fall 21 Percent: Hit by Greek Blackout
(Reuters) - Online gambling company Bwin.party said a block on access to its products in Greece would dent revenue and profit this year.
Casino to Open Soon in Martha’s Vineyard
BOSTON (CBS/Associated Press) — A Martha’s Vineyard-based Indian tribe is claiming to have won federal approval to open a gambling facility on the island.
The Wampanoag Tribe of Aquinnah, a federally-recognized tribe, issued a statement on Tuesday saying it planned to move ahead with plans to convert an unfinished community center on tribal lands into a temporary Class II gambling facility.
Formal Complaints Issued With Curacao Licensing Authority re: Ugly Revolution Split
Today, Gambling911.com is learning that Lock Poker has officially submitted a series of complaints to the Curacao Licensing Authority related to its breakup with the Revolution Poker Network, operating under the license of IAA Services, Ltd. Lock Poker has since developed its own online poker site, based on software used by the former Partouche Poker Network out of France and incorporates the one time Partouche skin Mypok.FR.
Lipparelli Talks Legalized Web Gambling in US, Sheldon Adelson and Colbert Probe
Former chairman of the Nevada State Gaming Control Board (GCB) Mark Lipparelli sat down with our own Jenny Woo for a Gambling911.com world exclusive to discuss, among other things, what he sees as the future for legalized online gambling in the US. Hint: These won’t be anything happening at the federal level. “The opportunity to act has passed,” Lipparelli tells G911.
Massachusetts Stringent Gambling Rules Shrink Casino Company Hopefuls
BOSTON (Associated Press) - When Massachusetts lawmakers legalized casino gambling, they took pains to ensure that casinos would not be built in places where they weren't wanted or operated by the ethically challenged.
Two years later, those basic tenets of the law appear to be holding - so much so that only a handful of casino hopefuls remain standing with a key Dec. 31 deadline approaching for final applications.
Bwin.Party Given Waiver to Operate in Atlantic City
European online gambling firm Bwin.Party has been given the green light to begin offering Web poker and casino games for real money to New Jersey residents and visitors by month’s end via a partnership with the Borgata Hotel and Casino.
The state’s Division of Gaming Enforcement awarded the firm a waiver to begin operating.
As noted by the Wall Street Journal:
Heritage Sports Joins the Equity Poker Network
San Jose, Costa Rica, – The EquityPokerNetwork.com (“EPN”) announced today that the new Cooperative poker network has inked an agreement with the premier online Sportsbook and gaming destination, Heritage Sports. The deal has seen HeritageSports.eu expand its gaming portfolio to offer poker to their community of sports bettors and casino players in soft launch mode since September 27th, and will join the EPN as of November 8th, 2013.
Bitcoin Currency Hits All Time High of $309: Silk Road Resurfaces
The anonymous digital currency known as Bitcoin hit an all time high of $309 Thursday (November 7, 2013).
Equity Poker Network Signs PokerHiro.com
San Jose, Costa Rica - The EquityPokerNetwork.com (“EPN”) announced today that it has signed the online card room, PokerHiro.com (“PokerHiro”) to the innovative Cooperative poker network. The launch of PokerHiro at EPN brings the first Asian-facing Operator into the mix, giving the ‘non-profit’ Network access to the growing and relatively untapped Asian online poker market.
Win Cake Launches Fast Fold Poker: Announces 100 Percent Reload Bonus
November 7th, 2013 – Popular online gaming site Win Cake (WinCake.com) has joined the speed poker revolution with the launch of Fast Fold Poker. It is Win Cake’s quickest way to play poker ring game tables, eliminating wait times and giving players what they crave – more hands and more action. To celebrate, Win Cake is offering a special reload bonus of up to $1,000.
Ultimate Poker Hosts Hall of Fame Poker Game Featuring UFC Fighters
LAS VEGAS - In honor of the Ultimate Fighting Championship®’s (UFC®) 20th anniversary, Ultimate Poker will host a Hall of Fame Poker Game featuring world-renowned UFC® fighters and personalities Chuck Liddell, Forrest Griffin, Matt Hughes, Royce Gracie and Bruce Buffer at Red Rock Casino Resort and Spa at the Race and Sports Book from 7:30 to 9:30 p.m. on Friday, Nov. 15.
GearPoker.com Joins the Equity Poker Network
San Jose, Costa Rica - The EquityPokerNetwork.com (“EPN”) is enjoying a sizable surge in liquidity, following today’s announcement that yet another online poker room, GearPoker.com (“GearPoker”), has joined the new Cooperative Network.
Per Head Businesses Still Going Strong Heading Into Basketball Season
The Football season may be nearly halfway over (hard to believe) but that hasn’t stopped the demand for per head businesses, especially with the new basketball season kicking into full gear.
Per head operations, based outside the US, have become the norm for managing local bookmaking operations across the globe.
New York State Casino Expansion Approved by Voters
Election Day 2013 results included a win by New York gambling proponents on Tuesday after state residents voted in favor of an initiative for casino expansion.
The decision permits as many as seven Las Vegas-style casinos, with four in the first seven years, all of them upstate in an effort to draw New York City residents and tourists to the region.
Venture Capitalists Infuse More Money Into Betable
London-based online gambling website Betable has just received another $18.5 million in a round of funding led by Venture51, according to Christopher Griffin, CEO of Betable. So far, the Web gambling firm has raised an impressive $23 million in venture capital.
From The Wall Street Journal:
No Way Around Las Vegas Style Casino Gambling Coming to South Florida
Editorial cartoonist Chan Lowe of the Sun Sentinel has proclaimed the obvious: big name brand casino gambling is coming to sunny South Florida, and we’re not just talking Tribal casinos.
State politicians are hunkering down and working on bills to help bring Las Vegas style casinos to the Sunshine State.
Oddsmakers Way Off on Twitter IPO
PaddyPower.com, the Irish bookmaker, had been offering odds of Twitter’s IPO coming in between a value of $15 billion and $20 billion. That was the favorite one month ago and it appears they may have been a little bit off.
Just 30 days ago, initial public offering experts were floating a market capitalisation for Twitter of around $10 billion
Bookies Celebrate New Orleans Saints Loss to Jets
With the New Orleans Saints outright loss to the New York Jets, bookies made out like bandits Sunday. The Saints were seeing the most wagering action of any other team in the NFL Week 9.
More than 85 percent of those betting the Saints-Jets games were backing New Orleans.
The Dallas Cowboys were another public favorite on Sunday and, while they did manage to win outright, the Cowboys failed to cover the -10 point spread.
Equity Poker Network Gears Up For Real-Money Gaming Launch
San Jose, Costa Rica - Following a successful beta-test phase of flagship online poker room, FullFlushPoker.com, the Equity Poker Network (“EPN”) has confirmed a November 8th launch of their real-money gaming options. EPN’s shift from free-play to full real-money gaming finally gives Operators a viable, profitable alternative, and provides players across the Network with a safe, secure and entertaining poker experience with prize money on the table.
