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The Chinese gambling market will soon see a new player in the form of the Greek lottery company, Intralot. The company, which already holds strategic key points in Asian market, has bought over 20% of the shares in the Hong Kong listed Melco LottVentures (MLV) and intends to bring its innovative products and software to Chinese gamblers. Intralot has said that it will seek to expand its stake in MLV over time.
Portugal has received a formal demand by the European Commission to change its internal gambling laws or face prosecution by the European Court of Justice. The Commission was referring to Portugal’s practice of taxing winnings that originated from offshore lotteries, yet kept national lottery winnings non taxable.
Online casino affiliates, site managers and anyone connected to the affiliate world will be pleased to note that the Canadian based Income Access has taken the initiative and launched a social networking site for them to meet and discuss the industry.
Responding to the growing demand for quality gambling sites in Spanish, The very popular online casino and slot site, Slotland, has jumped on the bandwagon and launched a Spanish brand site to cater to this market.
The UIGEA forced millions of Americans to withdraw from the online casinos and poker rooms of Europe. The Remote Gambling Association (RGA) is the body that represents these online gambling organizations in Europe.
Neteller, the online payment processor, has announced positive figures for the first half of 2008. Total income for this time period grew to $35.9 million, with revenues from its e-wallet product growing by 10%.
About ten days ago Kentucky Governor Steve Beshear obtained a court order to seize the domain names of 141 online gambling service providers. These included some of the biggest names in online poker such as PokerStars, Full Tilt Poker, Doyles Room, Bodog and Ultimate Bet.
Boylesports, the successful Irish gambling firm, has hired ex bwin executive, John Overett to head a new team of twenty people to expand the company’s products into Europe.
According to a report in the Gibraltar Chronicle this week, a Party Gaming spokesman has said that the company would be letting go about 100 employees.
Thanks to tremendous growth in its online casino brand, Asian Logic has reported a massive 208% increase in total revenues for the first half of 2008, ending June 30th. Net profits rose to a round $6 million – an increase of 119%.
Vegas Red Casino has come up with an innovative way of celebrating the Germany beer holiday, the Oktoberfest. This popular online casino will reward one incredibly lucky winner one entire year’s worth of free beer thanks to a new promotion.
Scandals and the political talk of banning Internet gambling has led to the awareness of the need for greater internal controls. Actually the European Gaming and Betting Association has requirements for its member sites that are more stringent than even European Union requirements.
The Governor of the State of Kentucky, Steve Beshear has won a court case to seize control of 141 domain names of online gambling sites in order to protect local gambling interests.
Following a failed attempt 10 weeks ago to get his proposed legislation approved that would have forced US authorities to clarify the language used in the Unlawful Internet Gambling Enforcement Act, Congressman Barney Frank is trying once more.
The Fortune Lounge Group’s affiliate program has become the first in the industry to receive eCOGRA's brand new Affiliate Trust Seal. Working along the same lines as its Online Casino ‘Safe and Fair’ seal, the Affiliate Trust Seal is awarded to programs that meet the watchdog group’s tough standards and continue to maintain these standards.