Business & Financial
Major US-Facing Online Gambling Site Confirms Bitcoin Implemenation
Sources close to Gambling911.com have confirmed that one of the bigger names in US-facing online gambling is in the process of developing a Bitcoin platform.
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Patti Hart Purge: IGT Proxy Fight Makes the Wall Street Journal
An intense proxy fight at online gambling behemoth IGT has made it to the pages of the Wall Street Journal.
Don’t Call It Piracy: Antigua to Begin Copyright-Free US Media Downloads
The tiny Caribbean island of Antigua is set to begin selling copyright-free US movies, DVDs, CDs, games, software a more beginning this coming Monday January 28, 2013.
The move is in response to the USA’s failure to adhere to a World Trade Organization ruling made several years ago in regard to online gambling.
Paddy Power Projects Slot Machine on Milan Stock Exchange
(Reuters) - Irish bookmaker Paddy Power , known for its provocative advertising and innovative gambling products, projected a slot machine on the Milan stock exchange on Wednesday to promote its expansion in the growing online Italian gambling market.
The Dublin-based group said it aims to become one of the top five online bookmakers this year in the growing Italian market, dominated by local operators Lottomatica, privately owned Sisal, and Snai.
Ladbrokes Buys Betdaq for €30m
One of the United Kingdom’s biggest bookmakers, Ladbrokes, has agreed to acquire Betdaq from TBH Ltd. in a deal said to be worth €30m. Ladbrokes will also acquire a 10 percent stake in TBH Guernsey Ltd, which is the technology partner of Betdaq for an additional €4m.
Bitcoin Casino SatoshiDice Results Raise Eyebrows in Online Gambling Sector
The numbers don’t lie. Bitcoin casino SatoshiDice, based out of Dublin, Ireland, has recorded a daily profit of ฿135.96 (£1,527) per day, and those numbers continue to grow as more and more Web gamblers become acquainted with the alternative anonymous online currency.
Not only is Bitcoin a sort of niche currency, SatoshiDice itself falls into the niche category, making these numbers all the more impressive.
Why Legalized Internet Gambling in New Jersey Will Help Boost Atlantic City
On Tuesday night, New Jersey Governor Chris Christie addressed his concerns over legalized Internet gambling in the state, primarily will Web casinos and poker rooms keep gamblers from going to Atlantic City?
Bitcoin Online Casinos Report Impressive Results: Triple Digit Growth
SatoshiDice.com, the largest bitcoin online casino in terms of overall volume, has reported impressive earnings on the year.
Win a Job at Caesars Entertainment by Playing Poker
Caesars Entertainment has a job opening but you have to win a game of poker to get hired.
The innovative casino company screened applicants during a poker tournament they called the MBA Poker Championships and Recruitment Weekend. Caesars believes those who understand poker are best suited to run their casinos and hotels.
Indiana Casinos on Decline: Lawmakers Look for Remedies
INDIANAPOLIS — (Associated Press) - Indiana lawmakers are proposing to cut riverboat casino taxes and allow the floating gambling halls to move onto land to help them face growing competition from neighboring states.
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BitCoin Poker Coming: Reddit Reactions
Gambling911.com on Sunday featured an article in regard to the slated premier of new Bitcoin friendly online poker room Infiniti Poker. The readers of social media behemoth Reddit.com picked up on the story and offered their reactions…
Live Dealer Casino Online: Vera&John Adds Bodog Gaming Supplied Platform
Online casino and slots specialist Vera&John are adding a Live Dealer Casino to their huge range of table games and slots, supplied by Bodog Gaming, which includes Baccarat, Sic Bo, Roulette and Dragon Tiger.
IGT CEO Patti Hart Fighting to Stay in Control
Will Patty Hart Lose Her Ability To Serve on IGT’s Board?
In further news about the International Game Technology (IGT) proxy fight which was initiated by the New York based Ader investment group, Gambling911 has exclusively learned that IGT CEO Patti Hart may lose her ability to serve on the board of a publicly traded gaming company due to statements she swore to be accurate on gaming applications that have now come into question.
Infiniti Poker Set to Go Live in February: Will Use Bitcoins for Americans
A new online poker room is set to go live next month (February 2013). Infiniti Poker began beta testing in November and will open to the public, becoming the first Web card room offering both Bitcoins and other currencies.
IGT CEO Patti Hart Under Intense Fire in Proxy Fight
Vince Martin of CalvinAyre.com on Friday published a report detailing the many concerns over IGT CEO Patti Hart and the proxy fight initiated by Ader Investment Management last week. A proxy fight is a means of removing and installing new directors.
Lock Poker Signs on Michael ‘The Grinder’ Mizrachi as Newest Elite Pro
London, UK – Lock Poker Signs Michael "The Grinder" Mizrachi! LockPRO ELITE Army stands tall and mighty!
Lock is extremely excited to announce the new addition to their LockPRO Family, Michael “The Grinder” Mizrachi
BTCSportsBet.com: The Future of BitCoin Sports Betting is Now
BitCoin, the anonymous online payment solution, is starting to make waves with the recent $510k investment into payment solutions company BitPay. This is likely to further drive business towards BTCSportsBet.com, one of the few online sportsbooks currently accepting BitCoins. They have nearly 8000 followers on Twitter.
BitPay the New PayPal and a Potential Boost for Internet Gambling
With the news that BitPay, a payment solutions company, announced a large investment by a group of well-known tech investors, the online currency BitCoins are looking more and more like an attractive option for depositing and withdrawing funds onto Internet gambling sites in the very near future.
Rafi Ashkenazi Appointed CEO of PokerStars Parent Company The Rational Group
ONCHAN, ISLE OF MAN –Rational Group Chairman and Chief Executive Officer Mark Scheinberg today announced that Rafi Ashkenazi has joined the Group as Chief Operating Officer and will be responsible for the day-to-day operations of the Group and its brands, including PokerStars and Full Tilt Poker, the two largest online poker sites in the world.
Website Claims GTech, Lottomatica Group Caught ‘Rigging’ Online Casino Games
GTech, a subsidiary of Lottomatica Group, was reportedly caught rigging two online casino games, according to the website 4Flush.com. GTech’s Lottomatica last week received a recommendation for approval for an online gambling license in the state of Nevada.
The alleged rigged games were Real Deal and Hi/Lo Gambler, utilizing coding created by Realistic Games then recoded by GTech.
From the 4Flush.com report:
Need for Online Gambling in NJ Intensifies: PA Bumps Atlantic City
New Jersey Governor Chris Christie may have more of an incentive to sign a bill legalizing online gambling in his state as numbers showed Wednesday that Pennsylvania for the first time has bumped Atlantic City out of the number two US gambling destination after Las Vegas.
11 Companies Vying for Massachusetts Gambling Establishments
BOSTON (Associated Press) -- Eleven firms hoping to compete for licenses for resort casinos or a slots parlor filed initial applications and non-refundable $400,000 application fees before a Tuesday deadline, the Massachusetts Gaming Commission announced.
Four groups waited until the final day to submit applications, joining seven others that had previously filed.
A surprise last-minute entry was PPE Casino Resorts, affiliated with the principals of Baltimore-based Cordish Cos. The firm had not publicly expressed interest in Massachusetts before.
PokerStars One Step Closer to Buying Atlantic City Casino
ATLANTIC CITY, New Jersey — (Associated Press) - An Internet gambling company wants to buy Atlantic City's Atlantic Club, and says it's ready to pump money into the brick-and-mortar casino to help prop up the seaside gambling resort.
Rational Group US Holdings, the parent company of PokerStars and Full Tilt Poker, is asking New Jersey casino regulators for permission to buy the Atlantic Club for an undisclosed amount.
The proposed deal will be scrutinized closely.
Crown Gambling CEO Linked to Taiwan Gambling Probe
Crown Ltd CEO Rowen Craigie has been named in an investigation into the alleged channelling of $US180 million in illicit gambling funds from Taiwan to Macau.
From the Sydney Morning Herald:
Online Poker Traffic Climbs 9 Percent in First Week of New Year
Good news for the world of online poker as traffic has climbed 6 percent during the first full week of the new year. Advancers led decliners 9-1.
PartyPoker to Reduce Rakeback for Its Top Players
PartPoker, the world’s third largest online poker room, plans to eliminate its Platinum Elite status VIP program offerings effective April 1, 2013. Currently, the program offers these players up to 50 percent rakeback. The reduction will result in no more than 30 percent rakeback.
Mohegan Sun Will Apply for Palmer Casino
BOSTON (Associated Press) - The owners of the Mohegan Sun casino in Connecticut have found a new financial backer and are expected to apply to the state's gambling commission to build a resort in Palmer.
Mitchell Etess, chief executive of the Mohegan Tribal Gaming Authority, tells The Boston Globe the company has struck a partnership with New York investment group, Brigade Capital Management, to bankroll the development and will file its application on Monday.
Palms Casino in Vegas Caught Up in Drug, Prostitution Sting
LAS VEGAS -- Gambling regulators are fining the Palms casino in Las Vegas $1 million after nightclub employees provided undercover agents with prostitutes and drugs, including cocaine and prescription painkillers.
Atlantic City Revenue Expected to See Decline
(Associated Press) - For six years now, Atlantic City's casinos have been taking a beating from gambling halls popping up in neighboring states.
Figures due out Thursday afternoon will show just how far New Jersey's casinos fell in 2012.
Atlantic City's casino revenues have fallen from a high of $5.2 billion in 2006 to $3.3 billion in 2011. The 2012 figures are expected to be lower than that.
Nevada Gambling Revenue Way Down in November
CARSON CITY, Nev. (Associated Press) -- Nevada state gambling revenues have dipped, with officials reporting that casinos won 11 percent less in November compared with the same month a year ago.
The Nevada Gaming Control Board reported Thursday that casinos won about $783 million for the month, and the state collected nearly $46 million based on that amount.
The state's share was down more than 20 percent from the previous year.
November's revenue drop came after two months of climbing win numbers in Nevada.
