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Caesars Interactive Entertainment to Offer NETELLER

Optimal Payments Plc and Caesars Interactive Entertainment (CIE) have extended their partnership arrangement by adding NETELLER as a payment option. NETELLER will be available to customers of CaesarsCasino.com, HarrahsCasino.co...

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Vera&John Casino Temporarily Suspends Bitcoin Payment Solution

Vera&John announced the temporary suspension of its new Bitcoin payment solution. After discussions with the Maltese gaming authority LGA...

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New Bitcoin Friendly Casino

The Bitstars Entertainment Company rolled out a new Bitcoin friendly online casino this week licensed in Malta LGA. SwissSoft powers the new site with a small selection of games certified by iTech Labs Australia. There are plans to launch HTML5 games to sui...

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Playtech Founder Invests in SafeCharge

Teddy Sagi, Playtech founder, has a new product is in the works for a $100 million I.P.O. in London according to an article in the Financial Times. Sagi sold off a large portion of his stock in Playtech and his latest endeavor is a digital wallet branded SafeCharge. The product has obvious synergy with online gambling, but has applications in other e-commer...

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Flexcoin Closes Doors After Another Bitcoin Hack

Bitcoin gets hacked for the second time in one week, resulting in Flexcoin closing its virtual doors on March 2, 2014 as an immediate effect following this electronic heist. The hacker stole some 896 BTC, 600,000 in dollars, dividing them into two addresses, claims Flexcoin. Flexcoin has no other solution but to close its door due to lack of resources and asse...

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New Security Company Steps into the Ring

ThreatMetrix, previously an online security company, has recently registered itself with the New Jersey Division of Gaming Enforcement. The company announced that it will be offering it state of the art context based security and fraud prevention, to operators in the online gambling industry. This will begin with casinos based in Atlantic City. “ThreatMetrix...

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Japanese and U.S. Authorities Commence Investigations of Bitcoin.

Industry is keeping a close eye on Bitcoin, a highly unstable cyber-currency. This doesn’t come as a surprise knowing that only 50 to 60 percent of Bitcoin transactions, involving online gambling, are reported. Recently the currency came under DDoS attack on several sites, which resulted in bankruptcy of Mt.Gox, the leading exchange in Japan. Government offici...

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NETELLER Coming Back to Broader U.S. Market

Optimal Payments Plc., the online payment provider, is re-launching a remodeled NETELLER online payment processing service to the broader U.S. market. The company will launch the NETELLER service and Net+Card innovating services created for the needs of the U.S. marketplace. "With our U.S. financial institution sponsor, we are leveraging NETELLER's flexible...

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Bitcoin to Continue its Existance

Bitcoin continous to attract gamblers with complete anonymity of transactions, fast pay-outs, low transfer fees and transparency, in spite of the inconsistant relationship to hard currencies and the recent failure of the Mt. Gox exchange in Japan. Online gambling operators are drawn to Bitcoin because of its immediate and irreversible transactions, which elimi...

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Former US Payment Processor Sues Lawyer

US District Judge James C. Mahan dismissed a claim where former US payment processor Chad Elie accused his lawyer, Jeff Ifrah, of giving poor legal council. Jeff Ifrah said: “We can't speculate why Chad Elie chose to strike out and blame us for his own actions. We can only speak to the facts. And those facts are clear, unambiguous, and directly contradict Elie...

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Vera & John First Regulated and Licensed Online Casino to Accept Bitcoin

Bitcoin is taking the online gambling world by storm and the latest big news regarding this virtual currency is that Vera & John Casino will be the first regulated and licensed online casino to accept it. Casino players will now have the option to use Bitcoin. “One of our key company values is innovation and that is why we are very proud to be the first reg...

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iSoftBet Develops 24 Slot Game

iSoftBet, in partnership with Twentieth Century Fox Consumer Products, has developed a brand new slot game based on the popular television series “24.” The slot game includes audio and graphics straight from the series and brings the show to life on the reels. “This unique partnership with iSoftBet has resulted in an action-packed game recognizable to fans...

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GeoComply Generates More than 5 Million Geolocation Results for NJ

Just four weeks since the launch of legalized online gambling in New Jersey, GeoComply has already given more than five million geolocation results for clients. A total of ten operators of eleven use GeoComply’s geolocation verification services. Reaching such high numbers indicates the success of the market GeoComply’s CEO Anna Sainsbury said, “GeoComply i...

Casino Banking Gambling Law & Society News

Skrill to Withdraw from Canadian Market

Skrill has plans to withdraw from Canada starting in January 2014. CVC Capital Partners acquired the company earlier this year and notified Canadian members that their transactions will no longer be processed via email; however there were no reason given as to the reasoning behind this decision. Speculation swirls around Skrill’s New Jersey license and th...

Casino Banking Gambling Law & Society News

Geolocation Glitches Worked Out in NJ’s Soft Launch

Issues with the geolocation services were discovered after the soft launch of New Jersey online gambling on Thursday. Operators reported complaints from NJ residents that were blocked from accessing the sites while others reported the successful restriction of those located outside of state lines. Lisa Spengler, on behalf of state Division of Gaming Enforce...

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Optimal Payment plc Chairman Resigns

Group Chairman of Optimal Payments plc, Dale Johnson, has decided to resign from the company effective November 20, 2013. The company announced Johnson’s resignation on Monday indicating a change in his personal situation. Johnson said “It has been a privilege to serve the group over the last six years, and I am especially grateful for the strong support th...

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NJ Works Out Geolocation Services

New Jersey continues to prepare for the soft launch of online gambling and there are reports that geolocation technology will be required to ensure that it’s restricted within state borders. Geolocation providers have chosen to "err on the side of caution" when setting up borders further inside of the NJ state lines while complying with regulatory requirements...

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US Online Gambling Faces Payment Problems

Just as online gambling has been legalized in Delaware, Nevada and New Jersey, the Bloombergs business news agency has reported problems with payments in an article called "Web Gaming Curbed as PayPal to Bank of America Refuse Bets". US Banks are refusing deposits to online casinos and according to the art...

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GeoComply Receives New Jersey Approval

GeoComply submitted its application for licensure as an Ancillary Casino Service Industry Enterprise and the New Jersey Division of Gaming Enforcement (DGE) has granted approval for it to enter into partnership with the state’s licensees and online gambling permit holders. GeoComply is closer to earning a place in New Jersey’s regulated market with this approv...

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Delaware’s Online Gaming Soft Launch Reveals No Major Issues

Online gambling has completed the first phase in Delaware after a period of "soft launch which revealed no major issues. Delaware State Lottery director Vernon Kirk that one issue discovered was the rejection of some credit card transactions. State Secretary of Finance Tom Cook said...

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