June, 2011

Latest Casino News

Live Dealer Games for Gioco Online Italia

Initial offering to comprise roulette, blackjack and baccarat An announcement came this week that an Italian gaming platform Gioco Online Italia and Malta-based and licenced Medialivecasino Ltd closed a deal to provide Italian market...

General Gambling News

Illegal Gambling Still Illegal, Cautions SA Government

Country reminds online gamblers and offshore gambling operators of its laws It has been specified by the South African Government's Trade and Industry Minister Rob Davies this week that both offshore gambling operators and resident online gamblers need to be aware of the outcomes of the Gambling Review Commission. He stated that even though offshore operato...

Gambling Law & Society News

Can $28 Become $16500 in a Single Night?

The answer is “Yes,” at Grand Duke’s It has been reported recently that a lucky Irish player at the Playtech-powered Grand Duke Casino experienced a magnificent streak of luck, turning his total deposit of $28 into a major win of $16,500 in a single night. It all began when the player, identified as Dave, signed up to the Grand Duke Casino through Latestcas...

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Betfair to Re-Purchase Shares

GBP 50 million for share buy-back over the next twelve months In the period of the next twelve months, Betfair will pursue its share re-purchase program, which will be conducted on the open market. This comes after a drop in share prices since its IPO in October 2010, and the company plans to buy back GBP 50 million of its ordinary shares. According to Betf...

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NetEnt Launches New Release

A new Frankenstein slot hits the market A new title has been added to the games portfolio of the famous Swedish online gambling software sup...

Casino Games

Go for A Night in Paris with Betsoft

New release in Besoft’s 3D inventory The list of Betsoft’s 3D titles just keeps growing, and a fairly good addition was launched this week with a slot themed on the city of light and t...

Casino Games

Update: Rank plc in Trouble?

Resignation of CEO and CFO The situation at the UK online and land gambling group Rank plc has been getting worse this week, mostly thanks to the contradictory signals sent about Guoco Limited’s takeover bid of 150p per share, causing a lot of distress and even anger among investors. Reportedly due to the conflicting positions with other directors, Rank plc...

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Entraction Presents Board Member Proposal

IGT subsidiary recommendations It has been reported this week that the a proposal for election of four new board members has been submitted to Entraction Holdings' Board by International Game Technology's wholly-owned subsidiary and largest shareholder Eagle Ice AB. The persons named in the recommendation are Robert C. Melendres, the Chief Legal Officer and...

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Rival Presents New Release

"Hole in Won" gets a sequel A new addition to Rival Gaming’s games suite has been launched this week – a continuation of the company’s famous game “Hole in Won,” a video i-Slot ti...

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Update: Presentation of Australian Gambling Review

Approval of in-play betting? It has been reported this week that in-play betting in Australia may soon be approved thanks to the government review which follows last year’s recommendations by the Productivity Committee. These included legalization of online gambling in general (instead of just for sports) in the whole country, but this proposal was denied by t...

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Viaden Presents New Releases

7 new games on offer An announcement came this week from the Minsk-based online gambling software provider Viaden Games, reporting of the launch of 7 new games that are now available in its licensee inventory. The games include 5 online slots: Cherry-Go-Round, Dragon’s Tale, Empire’s Glory, Land of Unicorn and Lucky Pirate; a lottery ga...

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East Timor Operations for PhilWeb

Mobile gaming license awarded A novelty in Philippines-based internet gambling firm PhilWeb Corp presented this week is a license the company acquired to operate mobile gaming in East Timor. It has been specified that the new development represents a crucial milestone in the company's pursuit of expansion into the Asia Pacific region. Under the terms of the...

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Committee’s Witness List for Enquiry Released

The Committee on Finance and Revenue discusses the decision on internet gambling on June 29 On June 29, the Chairman of Washington DC council’s Committee on Finance and Revenue, Jack Evans will analyze the state’s decision to legalize online gambling, especially how the games will work and why other states haven’t introduced state-sanctioned online gambling....

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Paddy Power Enlarges Games Offering

Cayetano content available to Paddy punters This week an online gambling giant Paddy Power.com announced that it closed a new games supply deal with Cayetano Technologies, which will provide its punters with a selection of online slot...

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Update: Another Change of Heart at Rank

Independent Directors now reject offer Another change of heart has been made in Rank this week, adding to confusion among shareholders. Namely, in regards to a statement issued by Guoco Group (Guoco) in which it provides a more detailed explanation on its intentions...

General Gambling News Casino Software

Update: Yu Leaves Betfair

Speculations confirmed by the company Over the weekend the industry was abuzz with speculations that another executive may be leaving troubled online gambling company Betfair, and the rumors proved to be true as on June 27 the company confirmed that its CEO David Yu does not intend to renew his current contract which expires in October 2012. Reportedly, Yu...

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Rumors about Betfair’s New CEO

Is the group trying to find a replacement for Yu? This week’s reports include speculations that the online gambling group Betfair may be looking for a replacement for CEO David Yu, who reportedly expressed desire to return to the States. The rumor of this new development may somewhat be a result of the constant decline of Betfair shares in the past eight month...

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Online Gambling may be legalized in the Smallest State, Rhode Island

New revenues from Internet gambling a part of a budget proposal The smallest US state, Rhode Island seems to be very close to the legalization of online gambling with the revisions of a general gambling bill on Thursday night. The bill, after being presented to a state House Finance Committee, might be added to a budget proposal due for voting, in a few days t...

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New Threat for Internet Cafes

Anti-sweepstakes measure reinstated Internet cafes that offer “sweepstakes” style online gambling in Florida should beware as Republican state representative Scott Plakon reintroduced legislation that bans the use of simulated gambling devices in Internet cafes and arcades. Regarding the new development, Plakon stated: "I think there is a greater awareness...

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Update: Change of Heart About Guoco Offer

Rank’s board changes recommendation to shareholders Even though Guoco Group’s offer of 150p per share was at first recommended to shareholders by the Rank Group Plc board, it appears that the company changed its opinion and decided to withdraw its recommendation in time for the closing of acceptances of the offer. Apart from the fact that such an offer unde...

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