Online Gambling Press

Kahnawake Gaming Commission Issues Statement Regarding Absolute and UltimateBet

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The Kahnawake Gambling Warrant of authority, the regulatory party that oversees sundry online poker rooms, released every functionary report Wednesday to appeal the poker communitys concerns in an opposite direction the cheating scandals at Unrestricted Poker and UltimateBet. The important shove of the specification is that the KGC has been operating in succession fixing the flaws in UBs systems that allowed since the cheating, determining who was Read the rest of this entry »

888 Gaming Revenue Rises Again

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Online gaming firm 888 said on Wednesday the first quarter of 2008 started well with a 38% rise in net gaming revenue and growth has continued into the second quarter, driven mainly by casino and bingo games.

It said net gaming revenue, a key performance indicator, rose to $64 million from $47 million in the same period of 2007 and was up 3 percent on the previous quarter. Last month, Chief Executive Gigi Levy said he hoped the company would achieve 30% revenue growth for the full year, helped by its new sports betting and bingo sites.

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Malta’s Remote Gaming Council Refutes Criticism

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The online gambling jurisdiction of Malta has released a statement rebutting claims that the industry there is unregulated and unscrupulous. According to the Malta Remote Gaming Council (MRGC), online gambling is frequently portrayed in an alarmist and negative manner at odds with the facts with complex issues treated superficially without sufficient research into the industry on the island, its regulation or its participants.

The MRGC stated that the industry has become a useful contributor to the Maltese economy and that its professional regulatory structure and Euro-centric nature has attracted a substantial number of remote gaming operators.

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Intercasino’s Hartley Recognised in Gaming Online Magazine Awards

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The Godfather of online gaming, Intercasino’s Ryan Hartley has been recognised for the excellence of his popular online casino in the Gaming Online Magazine Awards.

Ryan Hartley has earned a reputation as being the ‘Godfather’ of online gaming. He has held the position of manager for the world’s oldest and most reliable online casino,Intercasino, since it was founded in 1996. Within the brave world of gambling, this can almost seem like a lifetime.

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William Hill Gaming Machines Help Online Troubles

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Bookmaker William Hill posted full-year profits in line with analysts expectations on Wednesday as high-stake gaming machines in its shops helped combat a near 20% drop in Internet profits.

The London-based bookmaker said soccer results had broadly evened themselves over the year although cancellations due to last summer's floods, hit horse-race betting. A 15% rise in profits from its 8,400 highly profitable Fixed Odds Betting Terminals (FOBTs) drove a 9% increase in gross win (gain on customers betting) in its betting shops.

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UK Tory Purchases 15% Stake in Online Gaming Company

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Conservative Party treasurer Michael Spencer has evidently invested £1.7 million in mobile gaming and online bingo games software firm Probability. The purchase grants the Tory leader a 15.8% stake in the company. Spencer was quoted as saying, “I am confident that Probability can be a major player in one of the most exciting growth areas in the gaming arena over the next decade.”

This is not the first time that Spencer has invested in the Read the rest of this entry »

Holland Casino Online Gaming Licence Vote Postponed

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A vote in the Dutch senate that would have granted the Netherlands-owned Holland Casino a temporary, exclusive online gaming license has been postponed by Minister of Justice Hirsch Ballin. In doing so Ballin reasoned he was concerned that the measure would be rejected by the senate.

Last week the Netherlands’ Ministry of Justice announced plans to prosecute Dutch banks and financial institutions that processed payments headed to online Read the rest of this entry »