Online Gambling Press

The UK-based online betting exchange Betfair Group Ltd. has completed its acquisition of the US-based TV Games Network from Macrovision for $50 million in cash. TVG is among the most widely-distributed horseracing networks in the world and is also a leading provider of advance deposit wagering services in the U.S., and Betfair is a premier e-gaming betting community, with horseracing as its core product. “The divestiture of the TVG Network marks another milestone in a set of objectives we set for ourselves when we acquired Gemstar-TV Guide in 2008, and helps to focus our company around the goal of powering  [ Read More ]

The controversial attempt by the state of Kentucky to seize and ultimately confiscate or use 141 international domain names as leverage for “settlements” with online gambling firms failed in the Kentucky Court of Appeals recently but is still very much a live issue. Governor Steve Beshear and his Justice Cabinet Secretary J. Michael Brown are taking the case to the state Supreme Court for further argument, a move that was not unexpected. One of the main – and successful – opponents of Beshear’s unprecedented action, Joe Brennan of the Interactive Media Entertainment and Gaming Association (iMEGA), said this week that  [ Read More ]

The online casino world has two types of gamblers; those who are loyal to one or two casinos and keep coming back and those who wander from casino to casino trying their luck at hundreds of different casinos and games hoping to hit it rich.   It seems the latter has worked for one lucky individual. One fortunate gambler at WinADay.com won the casinos first ever progressive jackpot. Monica68, as the player goes by online, won a smooth $148, 724 playing Wheeler Dealer, a 3-reel 8-pay line slot machine based on the popular Golden 8 game seen at Slotland.com.    [ Read More ]

Playing online poker is easy, but one must know the rules and regulations and the difference between online and offline poker. All you need to play online poker is a computer and an internet connection. Then you download an online poker client program from one of the online poker rooms, sign-up, transfer your money to your newly created account and you are ready to start playing. Online poker is available 24 hours a day, 7 days a week and you can always find someone to play against as thousands of real opponents are waiting for an online challenge. Again these  [ Read More ]

I’m sure like me you are fed up of hearing how bad the economy is getting, how badly our currency is falling against others across the world, or the dreaded R word. They say in times like this people turn to gambling more than usual. Something I didn’t really understand until recently. Before I would have said, ‘surely if you have less money you would want to save it’. However now I realise it’s not because people don’t want to save or that they lose all sense of reason and want to blow the money they do have. It’s simply  [ Read More ]

The Isle of Man based Internet gambling software provider Playtech plc has reported a solid set of numbers for its full year and Q4 2008 activities. Key Performance Indicators include: Revenue for the whole year of 2008 totalling €111.5 million, representing an increase of 70 percent on the €65.7 million in 2007; Revenues for the quarter totalling €31.5 million, representing an increase of 52 percent on the €20.8 million in Q4 2007 (Q3 2008: €28.4 million) Quarterly Casino revenues totalled €22.1 million, an increase of 52 percent from €14.6 million in Q4 2007 (Q3 2008: €20.5 million) Quarterly Poker revenues  [ Read More ]

Along with everyone else another state added itself to the long list after reports Casino Revenue in Mississippi dropped by around 5.9 percent. The drop was clearly not unexpected however, with industry insiders and regulators expecting this result after reduced numbers of customers spending. It is though, above the national average. According to the American Gaming Association (AGA), casinos across the country had reported losses in profit averaging at 3.6 percent. The State Tax Commission of Mississippi figures that were released on Wednesday, showed that coastal casinos racked in only $1.26 billion in comparison to $1.3 billion in 2007, while  [ Read More ]

January 20 – Riding on the wave of the success of its much sought after Titan Poker brand, a new casino has been launched in the form of Titan Casino. The new site will work off the Playtech software network, a company synonymous with providing some of the best slot games in the industry. Titan Poker players are no strangers to Playtech slots. The online poker room was able to offer its players a no-download, albeit smaller, version of the Playtech games package on the iPoker Network and all the progressive slot games that make Playtech so popular were offered  [ Read More ]

32 Red management had good cause for celebration this week; the company delivered a set of annual results that showed solid growth, and both management and casino received top awards from a major Internet gambling information portal. The company’s trading update for the year ended December 31, 2008 showed growth of total gaming revenue by 27 percent year-on-year to £13 million, with online casino operations up by 30 percent, delivering a gross win of £11.7 million. “The strong year-on-year growth in casino revenues has been driven by both increased active player numbers, up 15 percent, and an improved yield per  [ Read More ]

The news from Nevada continues to paint a bleak picture as the economic recession impacts visitor and hotel occupation rates in the gambling state. Statistics released by the Nevada Gaming Control Board show that major hotel-casinos suffered a huge drop in net income in fiscal 2008, bringing in $721.2 million, only a third of what they netted in the previous (2007) year. The report reveals that 266 resorts grossed $25 billion but were hammered by increasing expenses during the fiscal year ending last June 30. The net income is just 2.9 percent of the gross, down from 9.1 percent in  [ Read More ]