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.

Submitted by Gilbert Horowitz on, Nov/20/2013

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:

Submitted by Aaron Goldstein on, Nov/19/2013

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?

Submitted by Gilbert Horowitz on, Nov/19/2013

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

Submitted by Nagesh Rath on, Nov/18/2013

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.

Submitted by Aaron Goldstein on, Nov/15/2013

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.  

Submitted by Gilbert Horowitz on, Nov/14/2013

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.

 

Submitted by Payton on, Nov/14/2013

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).

Submitted by Press Release on, Nov/14/2013

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.

Submitted by Press Release on, Nov/13/2013

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.

Submitted by Press Release on, Nov/13/2013

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.

Submitted by Associated Press on, Nov/13/2013

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.

Submitted by Reuters on, Nov/13/2013

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.

Submitted by Associated Press on, Nov/12/2013

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.

Submitted by Ace King on, Nov/11/2013

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.

Submitted by Jenny Woo on, Nov/10/2013

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.

Submitted by Associated Press on, Nov/09/2013

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:

Submitted by Aaron Goldstein on, Nov/08/2013

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.

Submitted by Press Release on, Nov/08/2013

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).

Submitted by Aaron Goldstein on, Nov/07/2013

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.

Submitted by Press Release on, Nov/07/2013

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.

Submitted by Press Release on, Nov/07/2013

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.

Submitted by Press Release on, Nov/07/2013

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.

Submitted by Press Release on, Nov/06/2013

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.

Submitted by Aaron Goldstein on, Nov/06/2013

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.

Submitted by Gilbert Horowitz on, Nov/06/2013

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:

Submitted by Aaron Goldstein on, Nov/05/2013

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.

Submitted by C Costigan on, Nov/04/2013

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

Submitted by Aaron Goldstein on, Nov/04/2013

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.

Submitted by Tyrone Black on, Nov/03/2013

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.

Submitted by Press Release on, Nov/01/2013

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