Most of the betting action for tonight’s Manny Pacquiao vs. Ricky Hatton fight is going towards Pacquiao and this has meant the line continues to move upwards in his favor. At last check, Pacquiao was a -230 favorite at Bookmaker.com. This is good news for anyone looking to wager on Ricky Hatton. He now pays almost 2/1 odds. "This event is definitely getting plenty of action on a day where we are so focused on the Kentucky Derby," says Payton O’Brien of Gambling911.com. "It looks as if the sportsbooks are going to have a banner day today." Bookmaker.com also anticipates [ Read More ]
Archive for April, 2009
Canadian delegates to the International Masters of Gaming Law Spring Conference in Windsor, Canada have revealed that the US anti-online gambling law the Unlawful Internet Gambling Enforcement Act is disrupting not only American online horserace wagering and state lottery operations, but those in Canada as well. The controversial legislation, which has been widely criticised for a lack of both practicality and precision, attempts to prohibit financial transactions with online gambling companies, placing the burden of deciding which transactions are ‘illegal’ and the enforcement of the law on the overworked financial services industry. Expert warnings that over cautious assessments will adversely [ Read More ]
The global betting exchange company Betfair has signed up for 10 branded games from Dublin-based gambling software provider Cryptologic. The multi-year deal will see the first five games available to Betfair’s two million registered customers before the end of the Q2, 2009, with the remaining games to follow in the third and fourth quarters. The games will be made available to Betfair through Orbis Technology’s Open Bet Fixed Odds Games (FOG) platform. CryptoLogic announced a deal with Orbis in December 2008 as part of its successful strategy to expand its channels to the Internet gaming market. “CryptoLogic’s new relationship with [ Read More ]
The Bellevue, Washington-based customer service technology provider nGenera has announced the completion of an agreement with online gambling group Betsson Malta Limited that doubles the gambling company’s capacity to handle customer queries without increasing staff. The advanced online chat tool provides live, 24-hour assistance to online gamers across Europe while delivering a 30% reduction in average resolution times and reducing telephone queries by as much as 40%. Betsson has implemented nGen Chat across its customer service team, which provides support in 14 languages for customers from over 20 countries. Through the ‘Chat With Us’ link on its Web site, Betsson [ Read More ]
With an understanding that online poker, casinos and sports betting take in several billion a year, mainstream media outlets once opposed to advertising with related venues are now beginning to understand the big bucks potential during these rough economic times. Bluff Magazine, one of the leading online poker publications (also available in print), announced on Thursday it had entered into a sponsorship deal with Lugz Footwear for its Poker Player of the Year awards presentation. "We’re thrilled to have Lugz on board as a presenting sponsor," said Eric Morris, co-founder of Bluff Media. "We’re proud that we’ve been able to [ Read More ]
Optus, the second largest Internet Service Provider in Australia, has given the federal government’s controversial plan to filter Internet content a boost by agreeing to take part in a six week trial of the scheme. The decision will not sit well with many Australian companies, civil liberties organisations and interested parties who have strongly opposed the plan, and have been critical of recent bungles on the government’s secret but leaked black list, which has included certain Internet gambling operations. In an article on the Optus decision, The Sydney Morning Herald reports that Sydney and Newcastle subscribers will be asked to [ Read More ]
A prosecutor dropped charges on a Pennsylvanian casino holder Yesterday, he was accused of lying about his contacts with organised crime and other underworld figures. As part of the agreement, he has to turnover the casino to his daughter. Louis DeNaples a Scranton businessman who owns the Mount Airy Casino Resort in Pennsylvania, was charged with four accounts of perjury, perjury is lying while under oath, he supposedly lied about his connections with organised crime. This connection is with the Mafia family of Russel Bufalino, who are connected to prostitution, extortion and illegal gambling. Also he supposedly had connections with [ Read More ]
Las Vegas land casinos reported a 23.4% decline in gaming revenues to $427.4 million in February 2009, well down from the $556 million recorded in the corresponding period a year ago. Statewide, casinos won $830.9 million in February, down 18% from the $1.1 billion they won in the same month in 2008. For the first two months of 2009, casinos on the Las Vegas Strip won $937 million from gamblers, a 19% slide from the $1.1 billion they won for the same period a year ago, reports Gaming Today. Although gambling revenues are still headed southward, the number of visitors [ Read More ]
The chairman of the House Financial Services Committee, Barney Frank, plans to introduce his next bid to overturn the Unlawful Internet Gambling Enforcement Act this month (April), but he will not be resorting to the subterfuges adopted by UIGEA’s founders in getting the bill through. In 2006 the UIGEA was pushed through a late night session of the 109th Congress on the eve of an electoral recess and attached to the totally unrelated and must-pass Safe Ports security bill. The Washington publication The Hill reports that Frank intends to introduce his legislation as a standalone bill and will not seek [ Read More ]
Revenues up by 9% to €5.5 billion and net profits up 19.6% to reach €728.5 million were highlights of the 2008 financial report released by the Greek gambling monopoly OPAP this week. Earnings before taxation increased by 22.9% to €1.056 billion. Revenues in the last quarter of OPAP’s 2008 fiscal year were up by 1.4% to €1.542 billion (2007 FY:€1.521 billion) but fourth quarter net profits decreased by 7.2% to €178.9 million (2007: €192.8 million). Christos Hadjiemmanuil, Chairman and CEO, said: “Although we operated in a challenging and difficult economic environment in 2008, we managed to deliver impressive improvement in [ Read More ]
