The controversial regulations supporting the U.S. Unlawful Internet Gambling Enforcement Act, rammed through in the dying days of the Bush administration and only recently effective, are already causing waves where they were not intended, it appears. The regulations place the burden of enforcement on an already stretched US financial services industry, requiring it to dislocate payments to and from online gambling firms without specifying in sufficient detail what is defined as “illegal”. The predictions were that this lack of precision would cause confusion and result in financial companies erring on the side of caution to stop “non-illegal” transactions, and this [ Read More ]
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Thursday, U.S. cell-phone developer Hop-on announced plans to unveil cellular-gambling software for the Linux-based Android Platform. The unveiling will take place next month at the Consumer Electronic Show in Las Vegas. Android is a 3G-networked software platform and operating system, which was initially developed by Google and later became the brainchild of the Open Handset Alliance – a 34-member consortium of handset makers, application developers, mobile carriers and chipmakers. The Hop-on software will offer Android users video games as well as live-streaming baccarat, poker, blackjack and roulette and will feature open-source licensing, the company said. The news comes as analysts [ Read More ]
Clarion Gaming reported last week that industry buyers have already ordered a record number of entry badges for its 2009 International Gaming Expo. According to a company press release, pre-registration is up 34.1 percent from this time last year (11 weeks from the event). “Our pre-registration data confirms the value of creating an event which embraces land-based casinos, remote gaming, low-stakes gaming, iVTs and ancillary products," IGE marketing manager Charlotte Skinner said. "Visitors to IGE will have access to a universe of gaming equipment systems and platforms all in a single location. The spike in our pre-registration figures reflects IGE’s [ Read More ]
The Associated Press reported Friday that Nevada officials have approved a proposal to allow Dubai World to acquire a larger stake in MGM Grand Inc. Dubai World, the Dubai government’s investment arm, is seeking to increase its total holdings in MGM Grand from 9.4 percent to 20 percent. MGM Grand is pursuing the deal to offset losses to its plummeting stock price, which has dropped more than 90 percent from a 52-week high last year of $93.19 to its current price of $8.79. Thursday alone, the company’s stock price dropped $1.41 from $10.20. Jim Murren, the chief operating officer who [ Read More ]
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Of course you do not have to see the Internet casino industry with the aim to find signs of changing– a latest case that came from England has 8 men who were mentioned in a scandal of horserace. One of them was really one of the trainers of horses with a jockey and all others. Unluckily, the men mixed up in such case used exactly the Betfair Internet wagering and betting company to make easy the corruption. And now everything mixed up are under search and such case has throw away a bit of a disadvantageous light on the online [ Read More ]
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