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PartyGaming Ready to End US Online Casino Dispute

2009-03-15T21:55:00.000-07:00

PartyGaming executives are optimistic the company is close to resolving its longtime feud with the US government over gambling play the company accepted from US citizens. PartyGaming's US operations were mostly based on online poker and shut down after the passage of the UIGEA in 2006. Still, the US Department of Justice persists in investigating the online casino operator, creating the necessity for a settlement.

US law, as set by court decisions, holds that only Internet sports gambling is illegal, while no statutes address online casino gambling or Internet poker. But the DoJ insists that all online gambling is illegal, and has harassed PartyGaming executives and other online gambling operators.

While PartyGaming never engaged in US sports wagering, the company has found the pressure from DoJ efforts to be quite wearying. Company co-founder Anurag Dikshit paid an astounding $300 million fine and is awaiting a possible prison term because he could no longer handle the US persecution.

Still, no criminal charges have been filed, and PartyGaming CEO Jim Ryan says no present company personnel will admit criminal activity. Martin Weingold, PartyGaming finance director, expects to settle for roughly $150 million.

Despite never having broken laws, PartyGaming officials feel the resolution with the US is the best move for the company's future. Stock value has rallied since the announcement of a possible deal with the US.

Further, by clearing their company name now, PartyGaming management positions the online gaming operator to better handle a re-opening of the US market. Companies in good standing with the US government are expected to receive favorable treatment when licensing of Internet casinos is underway.

source::onlinecasinoadvisory.com

Safe Online Casino Gambling a Goal of Irish Government

2009-03-03T20:47:00.000-08:00

Ireland is establishing a committee under the Minister of Justice to license and regulate casino gambling. The new branch will create a bill setting a new national gambling code, which will oversee private clubs hosting gaming as well as online casinos.

Minister Dermot Ahearn told the Irish Times the government wants to ward against problem gambling, money laundering, and child involvement, while still writing “a modern, responsive code that recognizes the fact that some people gamble and enjoy gambling”.

One part of the proposal would establish rules and regulations for the fifty or more private clubs that act as de facto casinos. The methods and laws for online casinos will be decided once a review of possible opportunities can be conducted by the committee.

Reports from studies done by the gaming industry and the government indicate Ireland could create as many as 13,000 jobs with a well-regulated and legalized Internet casino industry. As much as $350 million in revenue might be available.

Internet gambling observers noted the government's acceptance of the reality of people's desire to gamble, both online and at casinos. The goal of a transparent, honest gaming system devoid of crime was hailed by several commentators as praiseworthy compared to such blunders as the US UIGEA.

source: onlinecasinoadvisory.com

China Sends Online Casino Operators to Prison

2009-02-15T21:11:00.000-08:00

Twenty people were given prison sentences today in China for having owned and run online casino gambling sites. A court in Shanghai dished out sentences from one to six years for running an online site that took sports gambling wagers during the World Cup of soccer.

The leaders of the ring opened accounts on international gambling and UK casino sites, and then developed a network that ran through their accounts. Qian Baochun, considered the leader of the gambling operation, was given six years in prison and a fine of $735,000.

Estimates are that the three organizers earned about $250,000 over the year or so from the spring of 2006 until July of 2007. Bets handled by the syndicate amounted to almost a billion dollars.

Other suspects had helped recruit gamblers, ran the operation on a daily basis, and received commission on profits. Even after paying the edge to the existing casinos websites, the Chinese conspirators were able to realize strong profits.

A spokesman for the court in Shanghai noted the case as China's most notable involving online gambling, and added it marked a continuing of a policy not to tolerate Internet gambling along with other basic human rights.

source: onlinecasinoadvisory.com

2009-02-04T22:11:00.000-08:00

The latest issue for online gambling sites is the use of bots disguised as regular players to foresee odds. According to a report by SC magazine, an online publication for Internet technology security experts, hackers have begun using bots to mine information from online casino revealing patterns in payouts.

Using the information that has been gathered with web-scraping techniques, scammers can compute through arbitration systems when bets are more likely to win. The bots are hard to track or prevent by casino security because they run off scripts set to simulate live gambler play.

Guri Geva, regional director for Radware at Israel, Northern Europe and the United Kingdom, says, "The hacker can use the bot to manipulate the odds to improve the winning margin; it can also measure times so it can hit the site when it is at its busiest, going as undetected as possible.”

Geva recommends sites prepare for hacker attacks by employing software that analyzes user behavior in transparent real time. He sees the number and complexity of attacks only growing, as estimates are that the online UK casino industry will generate $125 billion by 2015.

The security adviser stated, "Webscraping is going on all of the time; it can steal information from a website, put the details on to another and redirect people to it. This can lead to fraud and even phishing, you could blacklist IP addresses but that will require a lot of time."

source:onlinecasinoadvisory.com

Online Casino Regulation Works in UK Detecting Underage Play

2009-01-18T21:59:00.000-08:00

By testing and reviewing the filtering systems employed by Internet casino game the commission has forced sites lagging in protective measures to address their shortcomings. Without the oversight and diligence of the regulatory agency, lax defenses would go unnoticed.

British law requires Internet online gambling operators to verify patrons' personal information, including name, date of birth, address, and payment information. Software designed to intercept underage and problem gamblers must be used.

While many casinos were found to be needing improvement, the majority of online bingo games sites passed the stringent test. The UK Minister of Culture, Gerry Sutcliffe, told the Telegraph, "The majority of the tests showed that policies and procedures to prevent children from gambling on remote sites are effectively in place."

The United Kingdom Gambling Commission found a large minority of best casino have inadequate measures to screen out children, demonstrating once again the value of strong regulation. According to the Telegraph, the commission conducted an undercover investigation using debit cards registered to adolescents, and found exploitable loopholes in the blocks set up at online gambling sites to deter youths.

Meanwhile, US children are totally vulnerable, without the benefit of any independent oversight or regulation of online casinos to ensure due diligence toward preventing underage gambling is performed.

Alsart Group Launches New Online Casino

2009-01-07T00:47:00.000-08:00

The launch of the YA888YA online casino is the latest step in the Alsart Group`s strategy of expanding the range of gambling services it offers in Russia and the CIS.

YA888YA offers its visitors a rich games portfolio consisting of over 120 games including blackjack, roulette, baccarat, sic bo, progressive jackpots and more. The software utilises a sophisticated random number generator that ensures a random outcome for all automated online casinos games.

The RNG software has been checked by Technical Systems Testing, an internationally recognised and respected accredited testing facility. As a reflection of its dedication to fair and responsible gaming, YA888YA provides grand game and transactions histories, displaying all cash-outs and deposits. Players can check every bet, including its date and time, bet and win amounts and game results.

All the games and financial transactions of casinos UK clients are secured by 128-bit encryption; a built-in electronic cashier provides compatibility with a number of electronic payment services and banking institutes.

YA888YA features generous bonus programs. While making their first deposit players get an unmatched 300 per cent bonus and an 80 per cent bonus for the second deposit. Moreover, loyal players are rewarded with free daily bonuses, special prizes and an unrivaled complimentary points program.

YA888YA offers up to 30 per cent bonus per deposit made with Neteller, Click2Pay, MoneyBookers, Paysafe Card, wire transfer or bank draft. Game modes available at YA888YA include auto-play, as well as the option of multiplayer tables and private multiplayer tables with live chat. Adjustable features enable players to modify game speed, sounds, volume and zoom on all gaming tables and slot machines.

Designed in the style of a European land-based casino and hosted by experienced European dealers, the platform employs cutting edge technology to create broadcasts that simulate the quality of high-definition television viewing. Players can chat live with the dealer and give real-time tips.

source:intergameonline.com

Taiwan Approves Gambling in Resorts

2008-12-29T00:44:00.000-08:00

Now casino gambling is becoming bigger on a worldwide stage with every passing day. Countries are recognizing the importance of casino revenue and are acting quickly to bring casinos to theirTaiwan Resorts Approved For Gambling

In Taiwan, a debate has been going on inside of government for a while now. The end consensus is that casino gambling is something that could be beneficial and will soon be coming to the outer islands of Taiwan.

The Council for Economic Planning and Development has announced that they have recommended that casinos be brought to Taiwan. The economic impact of the decision will be great for the country.

In their report, the Council estimated that 5,000 jobs could be created from the casinos. In addition, another 15,000 temporary jobs will be created. The government has finally came to decision on the casinos after months of debate.

The one stipulation from the government is that all of the casino must be part of a resort. That will ensure the most possible job additions and also the maximum revenue.

The majority of people in Taiwan have been in favor of lifting the country's casino ban. The next step is for the government to officially legalize gambling, which would pave the way to begin planning for casinos in the outer islands.

source:http://www.readybetgo.com/news/taiwangambling-3922.html

New Distribution Channel For Online Casino Games

2008-12-18T01:48:00.001-08:00

A range of online casino games from Irish software developer CryptoLogic Limited will soon be available to a wider selection of players at top-tier sites following a deal agreed over the weekend with Orbis Technology Limited.

Dublin-based CryptoLogic revealed that the strategic partnership with the interactive gaming and betting solutions provider would see its titles offered by Orbis through the Fixed-Odds Games (FOG) platform.

The partnership will provide CryptoLogic with a strong distribution channel with which to expand the number of operators offering its casino gambling games. It revealed that SkyBet.com would be the first site to feature its games using Orbis’ FOG platform over the first quarter of next year. Other customers using the FOG platform include Betfair.com, PaddyPower.com and BlueSq.com.

The global Internet gaming market continues to grow rapidly and that is why CryptoLogic’s strategy includes opening up new channels to market through the world’s leading operators,” said Brian Hadfield, President and Chief Executive Officer for CryptoLogic.

CryptoLogic’s new partnership with Orbis Technology enhances both our position and our optimism as we revitalise our business for growth in 2009 and beyond.”

The software platform from Orbis features a ‘one account, one wallet’ solution that allows operators to let their customers bet and play in multiple languages and currencies across multiple products and platforms. Players can also access the web, mobile devices, retail outlets, call centres and interactive digital television with one log-in.

Orbis is committed to offering its customers the greatest games and the most sophisticated solutions and partnering with CryptoLogic strengthens our offering even more,” said David Loveday, Chief Executive Officer for Orbis.

“By working together, Orbis and CryptoLogic will provide a very attractive package to the world’s most recognised gaming operators.”

source: onlinecasinonews.com

Analyst Suggests Legalized Sports Gambling For Delaware

2008-11-25T02:53:00.000-08:00

Many states have made the move to casino gambling to help their over the limit budget deficits. These states have changed their tune regarding casino gambling in the name of revenue dollars.

Now that many states have made this move, the ones that already had free casino game is seeing competition that is hurting their revenue money. One of those states is Delaware, and an analyst from Jefferies & Co. believes he has the answer.

Lawrence Klatzkin claims that the way to help out Dover is to allow sports online casino gambling. It is the next wave of legalized betting and it was just a matter of time before some state pushed the envelope.

"While we believe it would be at least another two years before anything substantial could be operational, Maryland gaming being legalized will likely have an extremely negative impact on Dover Downs. Roughly fifty percent of Dover's players come from management," wrote Klatzkin, in a client note.

Klatzkin believes that when new governor Jack Markell takes office, there will be a change in the governments stance on sports betting. Outgoing governor Ruth Ann Miller was not in favor of legalizing sports betting.

Sports betting is the one thing that would certainly be left out if the American government decided to regulate the online gaming industry. All of the major sports leagues have come out against sports betting, but it would be in their best interest if the gambling spread legally throughout the United States.

source: casinogamblingweb.com

Online Casinos Begin Feeling Effects Of Credit Crunch

2008-11-13T04:11:00.000-08:00

Land based casinos have been feeling the crunch for a while now. Las Vegas, which has never been effected much by the economy, is seeing their casinos UK struggle mightily in the face of these tough economic times.

Now it appears that the struggle may have stretched to online casinos as well. Many online casino operators have begun to change their bonus structures in hopes of attracting players.

Land based online gambling began several months ago coming up with different and unique promotions to try and lure in customers. One casino in South Florida, the Seminole Coconut Creek Casino, even went as far as to give away a trip to the moon.

With online casinos, the promotional sign up packages is what drives customers to their sites, and even those have not been working. "We see the number of sign ups and deposits are more or less the same but the average deposit amount has dropped by thirty percent," said La Isla Casino Manager Afshin Ertanin.

This signifies the urge of people to still enjoy their leisure activities, but that they are doing so at a much slower rate than these casino directory are used to.

To keep players around, many of the online sites are now moving towards higher sign up bonuses. While they will have to give away more free play at the beginning, they are hoping the bonuses will keep people around long enough until the market turns.

source: casinogamblingweb.com

No Deposit Required for Welcome Bonus

2008-11-07T22:02:00.000-08:00

JackpotCity.com has an interesting approach to new player bonuses that can put money in your account before you deposit a penny of your own.

Like many casino games they offer a 100% match bonus on players’ first deposit. New players can get up to $100 in free bonus money this way.

But JackpotCity.com starts giving bonus money even before that first deposit! When they register a real money account, players are given the opportunity to get started by playing casino gambling awhile for free. New players that opt in to this promotion are given 500 credits in their free play account which they can later turn into real money. Players have half an hour to play with the free credits. Any winnings they have after that time can be transferred to their real money account. For example, if a player has 550 credits after the first half hour, $50 is credited to their real money account. And that’s before they’ve even made a cash deposit of their own!

We think this is a great way to welcome new players and introduce them to the casino.

JackpotCity.com offers over 300 top online free casino game , including Blackjack, Roulette, Baccarat, Craps, Video Poker and their world famous hi-definition Gold Series. Their most popular online slot machines include: Thunderstruck Video Slot, Hitman Video Slot, Tomb Raider Video Slot, Ladies Nite Video Slot and the Mega Moolah Progressive Slot where the jackpot is currently the largest online slot machine jackpot available standing at over $4.3 Million.

JackpotCity.com Online Casino is a multi-language site available in English, Français, Deutsch, Italiano and Español and is a proud member of the Belle Rock Entertainment Group with games from Microgaming.

source: onlinecasinonews.com