Online Gambling Press

World Poker Tour Inks Deal with Fox Sports Net

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On the model of the Quarry Ostentation Interlacement declined to pike up its preference on the side of Imbue VII of the Universe Poker Journey (WPT), Ways of men Poker Journey Enterprises, Inc. was left scrambling towards a television associate in opposition to this to come conjuncture, what one is deserved completing its in the first place U.S. Pilgrimage repression at the Bellagio Goblet in Las Vegas. Today, the association announced that it has Read the rest of this entry »

Cryptologic Announces Exclusive Deal with Betjacks

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CryptoLogic Limited announced today that it has acquired the exclusive rights to be the sole provider of Internet casino and poker software to Betjacks, a new online gaming site. Under the agreement, made through CryptoLogic subsidiary WagerLogic Ltd., the new brand is expected to target the Irish, UK, South African and Canadian markets following its launch this fall.

Conceived in 2006 by Communication veterans Brian Nesbit & Eamon Garland, Betjacks.com has achieved enormous strides forming key partnerships with blue-chip internet gaming and service providers such as CryptoLogic. BetJacks has developed Ireland's first dedicated online betting and gaming solutions platform, incorporating feature rich media and peer to peer gaming applications all fully integrated with key next generation networking features.

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EU and US Reach Deal on Online Gambling?

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Online gaming companies in Europe were dealt a blow on Monday as the European Union accepted a US offer to open some other services markets as compensation for shutting foreign companies out of America’s lucrative gambling industry.

The EU said the bilateral deal would provide European businesses, such as TNT of the Netherlands and Deutsche Post of Germany, with unspecified new opportunities in the US postal and courier, research and development, storage and warehouse sectors. The US had also made concessions in the testing and analysis services sector.

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Costa Rica and US Reach Deal on Gambling Dispute

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Costa Rica has reached an agreement with the United States in a dispute about online gambling, trade officials said on Thursday. As a result Costa Rica has dropped its request for arbitration at the World Trade Organisation , they said.

The dispute arose after Washington announced in May last year that it would withdraw gambling from services it had opened up under a 1994 world trade deal. Under WTO rules the United States then had to offer access in other services to any of the WTO's 151 members who wanted it.

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EU & US Reach Deal in Gambling Disagreement

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The European Commission dealt a blow to European online gaming companies on Monday when it accepted a U.S. offer of openings in other sectors as compensation for closing U.S. gambling market to foreign firms. European firms such as PartyGaming and bwin Interactive Entertainment had hoped the European Union executive might shun a settlement and fight on instead to restore their ability to operate in the world's biggest market.

“A bilateral agreement was signed in Geneva, which provides EU service suppliers with new trade opportunities in the U.S. postal and courier, research and development, storage and warehouse sectors,” the commission said in a statement.

“The U.S. also made concessions in the testing and analysis services sector,” the commission said, adding it would still try to dissuade the United States from discriminating against foreign operators.

A spokeswoman for the U.S. Trade Representative's office in Washington said the United States had reached a compensation deal with the EU, Canada and Japan. She declined to estimate how much the U.S. market openings in warehousing, technical testing, research and development and outbound international letter delivery would be worth to the three trading partners.

The United States hopes to persuade India, Costa Rica and Macau to accept similar deals, but those countries have the option over the next 45 days to ask for WTO arbitration, Hamel said. A representative of Europe's online gaming sector, which saw billions of euros of market value wiped out by the U.S. restrictions, said the announcement was a disappointment.

“The commission can still press for an opening up of the market but the leverage of the outstanding (compensation) negotiations has been taken away,” said Clive Hawkswood, chief executive of the Remote Gambling Association.

The case dates to April 2005 when the World Trade Organization ruled that a U.S. law allowing only domestic companies to provide online horse-race gambling services discriminated against foreign companies. That case was brought by Antigua, which has asked the WTO for permission to retaliate against the United States by suspending copyright protections on about $3.4 billion worth of American movies and music each year.

Mark Mendel, an attorney representing Antigua, said he still hoped for a ruling on that issue before the WTO closes down next week for holidays. “Nobody in Antigua really wanted our claim to be overshadowed by the EU,” he said.

Last year, the U.S. Congress tightened restrictions on Internet gambling by making it illegal for banks and credit card companies to make payments to online gambling sites. In May, Washington said it was retroactively excluding gambling services from market-opening commitments it made as part of a 1994 world trade deal, kicking off compensation talks with the EU and other countries including Japan and India.

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