Jul 3, 2015

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Casino Banking (178 articles)

Optimal Payments has Acquired FANS

Web based transactions provider Optimal Payments plc has acquired mobile platform developer FANS Entertainment Inc. for Cdn$16 million. The purchase price is payable to the vendors in 3,163,633 shares in one of the company’s subsidiaries. The shares may be redeemed on a one-for-one basis into shares of Optimal Payments over the course of three years. The F...

Casino Banking

Gamblit Gaming to Integrate Sightline’s Play+ Payment Solution

Gamblit Gaming has contracted with payment solutions provider Sightline Interactive to integrate Sightline’s Play+ payment solution into its gaming platform. "We're thrilled to be working with Sightline Interactive," said Eric Meyerhofer, chief executive officer of Gamblit Gaming. "I believe that digital payments will be an important part of driving floor liq...

Casino Banking

New Credit Card Online Gambling Transaction Codes for Legalized US States

US states Nevada, Delaware and New Jersey hope that changes implemented to credit card systems on Friday will boost online gambling profits. Difficulties with credit card processing for online gambling related transactions has affected the gambling industry in the US. Credit card issuers have been reluctant to approve online gambling transactions since the i...

Casino Banking

New Web-Casino Supporting Bitcoin

Betkurus.com, a new web-casino that has surfaced recently under Curacao license, reportedly supports transactions made in Bitcoins. The $670,000 project owned by DigitalSport Entertainment NV, was partially funded by CoinMatrix, a Bitcoin processor from Hong Kon...

Casino Banking Casino Games

Acquisition Plans for SafeCharge

Online gambling entrepreneur Teddy Sagi intends to make $100M+ in acquisitions this year via his latest venture, online payment service provider SafeCharge. According to Reuters, CEO David Avgi said the company has $125 million in cash and several opportunities to enter the European and Asian markets. "I believe we will look for companies similar to SafeC...

Casino Banking

PayPal Sanctioned for Allowing Illegal Payments

U.S. government ordered PayPal to pay $7.7 million in fines for allowing illegal payments to and from Iran, Cuba and Sudan, thus violating sanctions set against these countries. The money transferred during this period was allegedly used for production of weapons of mass destruction. One of the cases involved Kursad Zafer Cire, who was proclaimed by the US State...

Casino Banking Gambling Law & Society News

Optimal Payments Plc to buy Skrill Group for 1.1 Billion Euros by the end of 2015

Optimal Payments Plc, a global provider of online payment solutions, has entered an acquisition deal and is about to purchase Skrill Group for an enterprise value of about €1.1 billion. The Skrill Group is one of Europe’s leading digital payments businesses and until recently a Payments&r...

Casino Banking Gambling Law & Society News

eGold International Launches Bitcoin Processing Services

eGold International, a financial processing facilitator, has added bitcoin processing to its list of services. The company is recognized for its credit card and bank transfer currency processing services but eGold International is now the providers of secure bitcoin and fiat processing services via a secure online interface bringing with it 16 years of industr...

Casino Banking

Winklevoss Twins Support Bitcoin Industry

You may remember the Winklevoss brothers from their war with Mark Zuckerberg over Facebook. Well, Cameron and Tyler are back and on a crusade to fully support the virtual currency, Bitcoin. The value of the cyber currency fell by more than half in 2014 but the Winklevoss’ believe that its market capitalization may explode reaching $400 billion. "If Bitcoin...

Casino Banking General Gambling News

SafeCharge to Acquire CreditGuard for $8M

SafeCharge, an e-processing company owned by Israeli billionaire Teddy Sagi, continues to grow with the $8 million acquisition of payment processor CreditGuard expected to be finalized in January 2015. David Avgi, SafeCharge CEO, said, "CreditGuard is highly regarded within the payments industry, with a solid portfolio of clients across multiple market sector...

Casino Banking

Skrill Extends Paysafecard with Ukash

Last week Skrill, formerly known as Moneybookers, announced that it has signed an acquisition deal with the UK pre-paid cash voucher provider Ukash. The financial terms of the acquisition are not being disclosed. The deal is intended to add scale and reach to Skrill Group’s rapidly gr...

Casino Banking

ICC-Call Under Investigation

ICC-Call, an Israeli online payment processor, is under investigation following allegations of fraudulent receiving under aggravated circumstances, issuing false corporate reports, money laundering and accepting bribes. This includes allegations that it has illegally handled online financial transactions for international internet gambling companies, such as porn...

Casino Banking Gambling Law & Society News

Virtual Currencies Debated in Spain

The Spanish Treasury has said that operators offering cybercurrency services, such as Bitcoin, are still classified as online gambling operators and must obtain a gaming license. Law firm, Abanlex, sought the opinion of the Treasury regarding Bitcoin as a legal form of currency and whether online gambling operators using it should be subject to national gam...

Casino Banking Gambling Law & Society News

Bitstars.net Now Offering Real Money Option in Addition to Bitcoins

Bitstars.net has made further headway in the gaming world with their recent announcement that players will now be able to deposit and play using Euro currency. This will be in addition to the bitcoin crypto currency. This newest option has made this casino highly unique, as it is now the only casino of its kind which gives players the choice to deposit and play w...

Casino Banking

Skrill to Acquire Ukash

It was announced on Thursday that Skrill will acquire Ukash, a UK pre-paid cash voucher provider, pending regulatory approval. A spokesperson for Skrill said that Ukash will support the operations of subsidiary Paysafecard, which Skrill acquired in 2013 for Euro 140 million David Sear, CEO at Skrill said, “The acquisition of Ukash will significantly exten...

Casino Banking Gambling Law & Society News

Credit Card Companies Responsible for Slow Start of New Jersey Online Gambling

New Jersey State Senator, Ray Lesniak, spoke at the Mobile and Tablet Gambling Summit USA at Bally’s on Monday regarding his optimism for the future of online gambling in the state even though it has had a slow start, which he claims is due to difficulties related to credit card companies. State regulators report over $100 million in New Jersey revenue sinc...

Casino Banking Gambling Law & Society News

Hyper: A New Virtual Currency

The latest virtual currency to surface is Hyper which boasts finalized settlements 20 times faster than Bitcoin. Hyper founders said, “Essentially, Hyper is a low energy cryptocurrency designed for use in online games, MMOs and virtual worlds. The currency is currently used in Counter-Strike, Minecraft, and Zandagort – a space-based strategy MMO game server w...

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Dutch Gambling Authority Partners with Payments Processors

Kansspelautoriteit, the Dutch Gambling Authority, has secured co-operation agreements with several payment service providers (PSP) in an effort to stop payments to unlicensed gambling operators offering gambling services to Dutch punters illegally. Processors include PSP’s Mollie BV, DialXS BV, BV Sisow, Curr...

Casino Banking Gambling Law & Society News

PayPal Partners with Three Major Bitcoin Processors for American and Canadian Markets

PayPal recently announced its partnership with three major Bitcoin payment processors: BitPay, Coinbase and GoCoin. The intent to assist digital goods merchants with the acceptance of Bitcoin payments beginning with those based in the US and Canada first. PayPal has opted to integrate the third-party functionality with the PayPal Payments Hub since the three...

Casino Banking

LaserLock’s VerifyMe to Launch in Mexico

American identity and geo-location technology company, LaserLock Technologies, has entered into a ten year $7 million contract with an unknown Mexican gaming company which will put LaserLock’s VerifyMe Identity Services to work at Mexican online casinos. New anti-money laundering regulations in the country have increased the need for security and LaserLock’s t...

Casino Banking Gambling Law & Society News

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