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Record Revenue For Israeli Sports Betting

Sports betting popularity keeps growing worldwide and the Israel Sports Betting Board (ISBB) reports that they’ve recorded record revenue over 2013 Gaming website GamingIntelligence reports that the ISBB revenue is up 73% in 2013 compared to the previous year The total revenue is up to 192 billion Israeli new shekels (NIS), which amounts..
12 years ago

Record Revenue For Macau Casinos

The Chinese New Year has not only brought joy and happiness to Chinese people around the world; it has also brought smiles to the faces of Macau casino owners The total Macau casino revenue in February jumped to $38 billion Patacas ($48 billion US) exceeding last year’s 36 billion The best month so far was October 2012 when a 365 billion..
12 years ago

Bitcoin edges closer to regulation in the UK

The United Kingdom’s Revenue and Customs authority is close to issuing its first rules and guidelines that would treat cryptocurrencies as regular money, according to Tom Robinson, the director of the industry group UK Digital Currency Association, who says he has seen a final draft of the regulations   On meetings last week with Her..
12 years ago

Ex-Ladbrokes manager starting new company

Ladbrokes’ former CEO Chris Bell has announced plans to bring XL Media, an Israeli gaming marketing company to the London stock exchange in a bid to raise between 18m and 24m pounds ($30m and $40m) Mr Bell left the bookmaker in 2010 after over 20 years with them and is now chairman of XL Media   The Israeli company has appointed..
12 years ago

Bash Gaming acquired by GSN

The creators of the leading social bingo game Bingo Bash have reached an agreement with GSN Games for an acquisition Bingo Bash is at the top of the social bingo world in terms of users with its 48 million monthly active players coming from Facebook, Android, iOS and Kindle   Speaking before the acquisition which is due to be finalized..
12 years ago

New gambling bill in Florida doesn’t include online poker

There were high hopes for the inclusion of online poker in the new bill which was released on Monday by the Florida Senate Gaming Committee, but supporters of the popular game were disappointed to find that legalization and regulation of the industry seems further away in the Sunnshine State Although online poker wasn’t explicitly mentioned..
12 years ago

eClass action lawsuit accuses Mt. Gox of “substandard” security

One of many enthusiasts in late 2011, Gregory Greene had found the Mt Gox exchange while searching for ways to take part in the Bitcoin revolution After reading the public commitment for the security of the transactions on their website, he was confident in their ability to protect his potential investment Back then the exchange had 80% of all..
12 years ago

Manchester United’s dip in form poses financial risks

Manchester United is facing a challenging battle both on and off the pitch The team have to best greek champions Olympiacos after the first leg ended 2-0, so that they qualify further in the Champions League, with more problems coming from their poor league form and 11 points distance from the fourth spot which grants the chance to qualify for the..
12 years ago

Sioux City looking ahead to a busy week of casino issues

This week two separate, but related cases will take place in the Des Moins area, regarding the close of the riverboat casino owned by Argosy Sioux City Their parent company Penn National Gaming Co will formally contest the planned closure of their casino by the Iowa Racing and Gaming Commission (IRGC) which refused to renew the license granted to..
12 years ago

Indian tribes aim for online poker legalization in California

Two rival measures were set in motion on Feb 21, attempting to legalize Internet poker in the state of California This sets up the stage for a whirlwind of lobbying and political jostling for control of a market that could potentially be worth hundreds of millions each year   The bill would grant legal status to online poker sites paving..
12 years ago

Songcoin: A new cryptocurrency designed for the music industry hoping to profit form the Bitcoin fad

New cryptocurrencies are popping up everywhere these days Of course, everyone has heard of Bitcoin, but there’s also Litecoin, the one that started as a joke Dogecoin, and some more that have gathered followers And now the music industry wants to have its own cryptocurrency and has created Songcoin A media and entertainment company named..
12 years ago

Online business sees William Hill profit climb

  William Hill PLC reported on Friday a jump in its net profit, benefiting from increased revenue coming from its online division For the 52 weeks of 2013, pretax profit came in at GBP257 million (approximately $4304 million), compared with GBP2777 million for the 53 weeks of 2012 William Hill Online contributed GBP4463 million during..
12 years ago

$8 Million Guaranteed in Pokerstars Sunday Million 8th Anniversary

On Sunday the 2nd of March, Pokerstars will be hosting a special 8th anniversary Sunday Million tournament, where they will guarantee that the minimum prize pool will be a massive $8 million The special anniversary Sunday Million will have the usual $215 buy-in, but will guarantee eight times as much money as usual Furthermore there will be a..
12 years ago

BitLicenses to be Issued This Year

New York might become the first jurisdiction to issue licenses and regulate the exchange of Bitcoin in the world The state's Financial Services Superintendent, Benjamin Lawsky, said he would issue BitLicenses to companies dealing with Bitcoins, especially exchangesThis move by New York would mark the beginning of a new era of regulation of..
12 years ago

Full Tilt Poker to Add Sportsbook

The Rational Group, the main company behind PokerStars and Full Tilt Poker, is possibly looking to expand its offering to customers by adding a sportsbook to their website The company has already increased its vertical offer by adding a casino to the mix with games being slowly integrated in the system At the moment, players can participate in..
12 years ago

Mary Bono Supports Online Gambling

Former Republican Congresswoman, Mary Bono, has joined forces with former Republican Representative Mike Oxley, to front a group called "Coalition for Consumer and Online Protection" which is a pro-online-gambling group The group has launched a campaign against the banning of online gambling by CongressThe group, known simply as C4COP, has stated..
12 years ago

Online Poker Revenue Surge for New Jersey

The New Jersey Division of Gaming Enforcement released figures for the January internet gross revenues and they show a large rise in revenues for Caesar's Interactive Entertainment online poker sector in the state According to the reports, the state's internet poker numbers jumped almost 20% across all verticals with the Caesar's and 888 alliance..
12 years ago

DDOS Attack on Bitcoin

Bitcoin, the world's most popular cryptocurrency has been hit by a series of denial of service attacks from an as of yet, unknown hacker group or individuals The attacks came in the form of mutated lines of code infiltrated into the software that runs the cryptocurrency This was confirmed by a spokesperson for its main trade organizationIt is now..
12 years ago

$300K in Player Balances Frozen at Canbet

Many online bettors who have had their player balances frozen at Canbet for over three months, are now seeking legal action against the UK licensed sportsbook and its two Australian-based directors, Peter Lord and Graeme WhiteBoth these directors said in a statement that they are trying to push last-minute rescue packages to generate funds,..
12 years ago

Las Vegas Sands Hacked

One of the world's largest casino operator companies, Las Vegas Sands, owned by Sheldon Adelson, has reportedly suffered a hacker attack targetted at the company's website and at employee's personal data and informationApparently, the hackers, which are as of yet unknown to authorities, seized control over the main website of the Las Vegas Sands..
12 years ago