Online Casinos
Zynga First Quarter Performance Tops Estimates
(RTTNews.com) - Zynga Inc. (ZNGA) Thursday reported a swing to loss in the first quarter as it continued to incur hefty stock-based compensation expenses. Nonetheless, the online social games developer posted a 32 percent jump in quarterly revenue on strong bookings growth.
Excluding items, the company recorded a profit for the quarter. Both earnings and revenue for the quarter topped Street estimates.
Jenny Woo’s C-Section Shocker
The birth of Lily Christiana Woo on April 15 may not have been a miracle after all, at least not as it pertains to the coincidental timing. It all depends on how you cut it (no pun intended).
Gambling911.com Senior International Correspondent Jenny Woo revealed on Wednesday that she had deliberately scheduled to have a c-section birth on April 15, 2012 to commemorate the one-year anniversary of “Black Friday”.
50 Cent Gambling Game to Debut Soon on Facebook
Rapper 50 Cent, noted for his penchant for placing big wagers on the Super Bowl, is set to launch his own gambling game on Facebook.
The Blackjack game is in conjunction with Game Show Network Digital and, essentially, 50 Cent will have his own virtual casino, minus the money.
888 Revenue Up 25 Percent in 1st Quarter 2012
(Reuters) - British online gaming company 888 Holdings said first-quarter revenue rose 25 percent as more people opted to use their services and gamble online amid an economic slowdown.
The company had 11.3 million casino, poker and sport real money registered customer accounts as on March 31, an increase of 23 percent from a year earlier.
888's consumer segment revenue rose 29 percent to $83 million (51 million pounds) in the first quarter, boosted by its casino and poker brands, the company said in a statement.
Investors Unnerved by Playtech Planned Acquisitions: Shares Fall
(Reuters) - Playtech, the world's biggest provider of online gaming software, plans a string of acquisitions as it branches out into the social gaming market but news that it will be buying the businesses from its main shareholder unnerved investors.
The Estonia-based firm said on Tuesday that it planned to spend 95 million euros ($124.1 million) buying assets owned by Israeli billionaire Teddy Sagi who founded Playtech and still owns a 48 percent stake in the company.
Income Access Network Launches Kaffiliation and Sklots.com
Income Access network, one of the top online affiliate programs in the world and one that caters to the online gambling sector, has launched its newest affiliate platform - Kaffiliation!
Online Gambling Film ‘Runner, Runner’ Will Star Ben Affleck, Justin Timberlake
A film that delves into the world of online gambling, “Runner, Runner”, will star two big names, Ben Affleck and Justin Timberlake.
“The Lincoln Lawyer” director Brad Furman will head up the project.
Gambling on Friday The 13th a ‘Good’ Thing
One would think that the anti-gambling crusaders that we are, the last thing those of us here at Gambling911.com might be espousing is to gamble on Friday The 13th. But that’s exactly what we are about to do and here are the reasons why.
It’s all about turning the tables.
Joe Brennan Jr: ‘I’m Not Anti-Federal But (Federal Online Gambling) Just Not in the Cards' (Video)
Appearing on the popular Quadjacks.com radio show this week, Interactive Media Entertainment and Gaming Association head Joe Brennan, Jr. wants everyone to know that legalizing online gambling in New Jersey is moving full steam ahead.
Brennan is an advocate for state rights, but insists he has nothing against federal legislation. He just doesn’t see it happening any time soon.
Tribes Hold the Cards in California Online Poker Effort: New Jersey Racing to be First
The odds of New Jersey legalizing online poker first is much greater than California doing so and the San Francisco Chronicle’s Demian Bulwa does a superb job of laying out the reason why.
Bulwa doesn’t draw comparisons between the two states but rather offers the various obstacles standing in the way of California's efforts.
Inquirer: Odds Improve for Atlantic City Internet Gambling
The Philadelphia Inquirer on Tuesday featured an article on the prospects of Internet gambling in Atlantic City.
Instant Banking for Online Gambling Could Return to US Soon
There may be a new payment processor in town for those in the US online gambling community.
ADI-News.com has reported on the merger of two big name payment processors, Mazooma and BigPoint.
From ADI-News.com:
Manitoba Launches Online Gambling Venture
BCLC set off on a new course for its online business today, announcing that it is partnering with Manitoba Lotteries to provide online gambling to Manitobans.
"We launched online gaming in British Columbia to provide a secure and legal option for people who play online and to keep revenues in the province that otherwise would be going to illegal gambling sites," said the Honourable Rich Coleman, Minister Responsible for BCLC. "We are pleased to share our expertise with Manitoba to strengthen regulated online gambling in Canada."
ScAYREy Fact: Bodog Founder’s Attorney Slotnick had Not Lost a Case in 12 Years
News of Bodog founder Calvin Ayre hiring the father-son tandem of Barry and Stuart Slotnick to represent him in a criminal case filed by the US Attorney’s Office in Maryland might not have resonated throughout the industry the way it should have. Hardly any industry media outside of Gambling911.com really reported on this story.
iMEGA Files Notice of Appeal Regarding Kentucky Domain Seizure
The Interactive Media Entertainment & Gaming Association (IMEGA) has submitted a Motion of Appeal regarding the Commonwealth of Kentucky’s attempt to seize 141 Internet domain names related to online gambling, some of which are no longer being utilized or have since been seized by the US Justice Department.
On March 8, Judge Thomas Wingate ruled that no party with adequate standing had presented themselves to contest the forfeiture order issued nearly four years ago.
BetOnline.ag Opens Its Doors
BetOnline is excited to announce that on Wednesday, April 4th, 2012 they will transfer all of their accounts to the website www.BetOnline.ag.
New Jersey Plans to Take Online Bets From Across US but Utah Can Fugetaboutit
A signature piece of legislation that would make New Jersey the second state to offer online gambling within its own borders made it through a state Senate subcommittee with ease despite earlier concerns of potential opposition. Nevada became the first late last year but its law hinges heavily on a federal ban on Internet gambling being lifted.
New Jersey Internet Gambling Bill Passes Senate Committee
(Associated Press) - An Internet gambling bill approved by a New Jersey Senate committee Tuesday would let Atlantic City casinos take bets from gamblers in other states and even other countries, as long as federal and state authorities agree it’s legal.
New Jersey has been racing to try to get Internet gambling up and running and stake an early claim to leadership in a potential multi-billion-dollar industry.
But even as the bill edges closer to approval, and supporters try to address legal concerns that led Gov. Chris Christie to veto it last year, its scope is growing.
Trump News Causes 888 Holdings Shares to Surge
Overnight news that real estate and casino mogul Donald Trump is in talks with 888 Holdings to potentially offer “real money” online poker play in the US has sent that company’s shares surging to a 56-week high of 65 pence earlier in the day. New Jersey, which is home to a handful of Trump-branded casino establishments, is looking to become a hub for the regulated online poker industry.
Some Forms of Internet Gambling Could Take Place in Delaware
Delaware Governor Jack Markell said on Wednesday that an expansion of gambling in his small state is possible, include Internet gambling.
Delaware's Gaming Competitiveness Act of 2012 is the piece of legislation in question.
From NewsWorks.org:
888.com Reports Full Year Earnings Nearly Doubling
(Reuters) - British online gaming company 888 Holdings' full-year earnings nearly doubled, helped by strong growth of its casino and poker offering, and the company named Brian Mattingley as chief executive.
The company, which operates 888 casino, poker, sport and bingo brands, said it planned to invest in several newly regulated markets across Europe and the United States.
More Britons prefer to stay at home, watching TV and gambling online, updates from consumer-facing companies showed, amid fears that the UK will slip back into recession.
Sportingbet Looking to Re-enter US Market After Paying Fine to US Government
Reuters was reporting that Sportingbet, one of Europe’s biggest online gambling firms, has made a final payment of $6 million to the U.S. Justice Department, as per a settlement reached in 2010 over alleged illegal Internet gambling, and said that it was exploring opportunities to re-enter the market.
UK Internet Gambling Tax Structure Restructured: Sin Tax Based on Consumption
Sinners in the UK, you’ll have to pay! At least if it is at online casinos and poker rooms where you play.
Internet gambling aficionados find themselves caught up in George Osborne’s budget tax increases.
A new tax will be introduced for Internet gambling that is based on the place of consumption. Previously, that tax was levied on a 'place of supply' basis.
George Osborne UK Chancellor of the Exchequer:
New Jersey Internet Gambling by September Despite Thursday Hiccup
New Jersey State Senator Raymond Lesniak promised that his measure to legalize Internet gambling would sail through the state legislature this past Thursday. That didn’t happen. But it was more a technical snafu than any type of opposition blocking the bill’s passage.
William Hill to Open Talks With Playtech Following Tel Aviv Debacle
(Reuters) - William Hill (WMH.L) is to open talks with Playtech (PTEC.L) this month to try to salvage the companies' joint online venture following a breakdown in relations last year, the Financial Times reported on Monday.
Lobbyist: Casinos Want Fair Online Gambling
LAS VEGAS — (Associated Press) - A top lobbyist says commercial casinos companies want a fair shot for everyone when it comes to online gambling — not a leg up over state lotteries, American Indian tribes and others jockeying to be first in line.
Horse Racing Group Won’t Oppose New Jersey Bill to Make State Hub for US Online Gambling
New Jersey State Senator Raymond Lesniak believes his co-authored legislation to make the Garden State an Internet gambling hub should pass on March 15 with actual money play likely by September.
New Jersey Could Approve Internet Gambling as Early as March 15
In an exclusive interview with PokerNews.com this week, New Jersey State Senator Raymond Lesniak predicted that Internet gambling could be approved in the state as early as March 15 (2012).
Playtech Enters Into Online Gambling Agreement With Mexico’s Caliente
Online gambling software firm Playtech has entered into an agreement with Mexico’s land-based casino and sportsbook operator, Caliente, to provide the company with online gambling software.
Caliente is looking to provide a suite of casino games created by Playtech.
“We are delighted to have secured this agreement with one of Latin America's largest and most respected gaming operators with whom, over time, we expect to develop a valuable relationship,” said Mor Weizer, Chief Executive Officer for Playtech.
Bodog Shuts Down Costa Rica Office
Bodog has shut down its Costa Rica based office. Employees reported arriving to find they were locked out.
The company still operates from bases outside of Montreal, Quebec, Antigua and in London.
