Online Casino blog

The UltimateBet Online Poker Championship

November 30, 2006

The online poker Championship organized by UltimateBet will comprise ten events and is scheduled to start on Friday, December 1. The ten poker tournaments will include No Limit Hold’em, Pot Limit Omaha High, Pot Limit Omaha High With Rebuys, Limit Hold’em, Limit Omaha 8 or Better and Elimination Blackjack. The Main Event will take place on Sunday, December 10 and is a $1,000,000 Guarantee.One of the participants will be given the opportunity to play against one of the most successful poker professionals in the world, Phil Hellmuth. In order to qualify for one of these tournaments, you simply have to register and take part in one of the Ultimate Bet satellites.

Tags: the, ultimatebet, online, poker, championship

Posted by admin under Casino news | Comments (0)

UIGEA Costs Sportingbet $470.9 million

November 30, 2006

UK-based Sportingbet has announced that it registered a quarter loss of $470.9 million as a result of exiting the US market and selling its US business for $1 in October. Despite losing its US customers, the shares of the British bookmaker rose 3.7 percent on Thursday, and the growth was due to the European and Australian operations which are working very well at present. Moreover, the revenue for the period reached $958.8 million, showing that Sportingbet has managed to overcome the difficulties caused by the signing into law of the UIGEA. It seems that many foreign gaming and wagering providers have managed to overcome the damages caused by the UIGEA by focusing on the European and Asian markets.

Tags: uigea, costs, sportingbet, 4709, million

Posted by admin under Casino news | Comments (0)

Ladbrokes Fights European Monopoly

November 30, 2006

The British bookmaker has filed legal actions against several European countries, including Norway, Finland, The Netherlands and Germany, since it is not permitted to run its business in the aforementioned states. At the beginning of this month the Supreme Court denied Ladbrokes the right to operate on the Danish gambling market, arguing that the gaming monopoly is allowed so long as it is meant to prevent gambling addiction. Ladbrokes representatives state that European countries keep state monopolies because the governments do not want to lose such a huge source of revenue and that gambling addiction is not by far among the state officials’ major concerns. Whereas countries such as Spain and Italy are beginning to open the path for foreign online gambling operators, some states refuse to allow foreign providers to enter their Internet gaming markets.

Tags: ladbrokes, fights, european, monopoly

Posted by admin under Casino news | Comments (0)

Growing Number of UK Casinos

November 30, 2006

The UK Gambling Commission has announced that it approved all 29 casino applications it had analyzed in the past months. Many casino owners have rushed to apply since the 2007 gambling legislation will restrict the number of new casinos to 17. The second step for these casinos is to be allowed to function by local authorities; it seems that the British local authorities have approved only 40 per cent of the applications they handled this year. At present there are around 140 land-based casinos in Britain and the number is expected to reach 190; analysts say that the growing number of casinos could lead to oversupply and fear that many of the new casinos may not last on the gambling market.

Tags: growing, number, of, uk, casinos

Posted by admin under Casino news | Comments (0)

New Independent Director at eCOGRA

November 30, 2006

Bill Henbrey, a recently retired chartered accountant, is the new independent director of eCOGRA (eCommerce and Online Gambling Regulation and Assurance). Henbrey has more than 30 years of experience in the gaming industry and the non-profit gaming organization will considerably benefit from his expertise. Committed to protecting online gamblers throughout the world, eCOGRA continuously monitors all the Internet gaming providers and tries to make sure that the sites that bear the “Play it safe” seal comply with their strict requirements.

Tags: new, independent, director, at, ecogra

Posted by admin under Casino news | Comments (0)

Last Stop for the Paddy Power UK Poker Tour

November 30, 2006

The Paddy Power UK Poker Tour will make its last stop at the Sportsman Casino in London on Friday, December 1. The tournament has already passed through Edinburgh, Newcastle, Birmingham, Brighton and Banbridge. Players who will make it to the final table will have the chance to play for a seat at the 2007 Irish Open. The capacity of the tournament is of 80 players, and all the places have already been sold out.

Tags: last, stop, for, the, paddy, power, uk, poker, tour

Posted by admin under Casino news | Comments (0)

Bowmans, The latest To Exit the US market

November 30, 2006

The Internet gambling and wagering operator, Bowmans.com, announced yesterday that it would no longer accept US players, transferring all its existing customers to Antigua-based Bodog, one of the world’s largest entertainment companies. US players with an account at Bowmans can rest assured, since their bets and deposits will be honored by Bodog.com. Customers who prefer not to gamble at Bodog are given the possibility to withdraw their accounts without charge.Bowmans.com has a large base of Canadian and British customers and Bowmans executives are confident that their business will not be very affected by their exiting the US market.

Tags: bowmans, the, latest, to, exit, the, us, market

Posted by admin under Casino news | Comments (0)

Attempt To Support Online Gambling

November 30, 2006

The European Betting Association, in collaboration with Bwin, is planning to launch several awareness campaigns meant to support online gambling. The first targeted country is Germany and the move precedes the legislative discussions of the 16 German Landers who will meet in December in order to debate the contents of the new gambling legislation which will be signed into law next year. These campaigns aim at convincing European governments to give up gambling monopolies and to no longer impose gambling restrictions for foreign operators.

Tags: attempt, to, support, online, gambling

Posted by admin under Casino news | Comments (0)

5.8 Million Internet Gamblers in UK

November 30, 2006

In a recent market research study, Nielsen/Net Ratings showed that around 5.8 million British citizens gambled online every month from April to September. The figures prove that gambling is indeed part of the entertainment industry in UK. As from September 2007, Internet gambling will be fully legal in Britain and gaming operators will have the opportunity to set up their business here. In the meanwhile, the Gambling Commission is trying to regulate online gambling and to take all possible measures in order to protect customers. The Gambling Commission will also be in charge of supervising gambling sites, checking for relations with organized crime and making sure that the gaming operators comply with the existing gambling legislation. By regulating the Internet gambling industry, the UK government makes sure that its citizens play in a secure, fair and crime free gaming environment.

Tags: 58, million, internet, gamblers, in, uk

Posted by admin under Casino news | Comments (0)

Online Gambling, Unlawful in South Africa

November 30, 2006

The Gauteng Gambling Act forbids Internet operators to offer online gambling within South Africa. Those who do not abide by the rules run the risk of being fined or being sent to prison.South Africa does not grant online casino licenses and the Gauteng Gambling Board have stated that licenses obtained in other countries are not valid on the South African territory. Consequently, the Court has ruled that the Piggs Peak Casino, the first to have been brought to trial for illegal gaming activities, does not operate legally in South Africa, despite the fact that it is registered in Swaziland. The Gauteng Gambling Board announced that they would file legal action against other Internet gaming providers, as well as against the media that try to facilitate Internet gambling within the South African borders.

Tags: online, gambling, unlawful, in, south, africa

Posted by admin under Casino news | Comments (0)

Next Page »