Online Casino News From Around the Globe

PokerStars Officially Launches Sports Betting Offering In UK
May30

PokerStars Officially Launches Sports Betting Offering In UK

The world’s largest online poker site has just made another move indicating their intention to diversify into new markets. Their sports-betting offering is now available in the UK and is accessible from the PokerStars 7 client. Currently bets will be accepted on tennis, football, basketball, ice hockey, football, rugby union, handball, volley ball and others set to follow. Players will be able to place bets from their mobile devices and will be available both on the iOS and Android app. PokerStar’s parent company Amaya made it clear in April that they plan to enter the much talked about daily fantasy sports arena, In a statement Amaya said,” The Corporation anticipates PokerStars will launch its beta version of its sports-betting product, available both on the web and in the PS7 client, in certain jurisdictions in the near future, with rollout to other markets across the dot-com network through the next two quarters of 2015, The company anticipates launching sports betting on mobile in 2015 as well.” Amaya are looking to attract new players to their platform which will give them the ability to increase revenues and customer base. Amaya’s CEO David Baazov made their intentions clear as to where they see themselves sin the future,” Amaya intends to acquire new customers and gain online gaming market share through the continued expansion of the B2C business in other verticals, including sports betting, casino, social gaming, and daily fantasy sports, which we expect will supplement our current growth plans for our core poker...

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Conference Discusses Future Prospects OF U.S. Online Gambling
May29

Conference Discusses Future Prospects OF U.S. Online Gambling

The annual East Coast gaming Congress convened this week at the Borgata Hotel Casino & Spa. The challenges of the online gambling market in the U.S. are clear to all but the conference is aiming at shedding a broader light on what many still believe will become one of the largest global online gaming markets. We all know that internet gambling in the U.S. is only available in New Jersey, Delaware and Nevada but the potential for massive states like California joining the club could become a game changer. As we speak no one can deny that initial forecasts of online gaming revenues were way too optimistic and the current revenues generated are a fraction of what is needed to build a long term sustainable online gaming market. Current revenues in New Jersey were only $122 million in 2013 with Delaware only bringing in $2.1 million. Nevada generated only about $8.1 million from the months of February to November 2014. While these numbers are undoubtedly low many believe that this is a “reflection of expectations” as the industry is still in its infancy. In New Jersey the main stumbling blocks are still technological difficulties with geolocation technology as well as the banking institutions hesitance to allow credit card holders to use their credit cards for online gambling due to their concerns for being sued. Speaking at the conference, Eugen Johnson, Spectrum senior VP addressed the long term view of casino executives who realize their traditional client base of older players is now been replaced by the baby boom generation who do almost everything online and on mobile devices. Johnson terms them the “replacement generation” and believes the online casinos represent “the nest expansion phase for the industry”. He went on to say the he does not believe it will replace the brick and mortar casinos but will become an essential component. Other issues still hampering the growth of online gambling in the U.S. is the stigma associated with period when Federal authorities banned online gambling throughout the U.S. This is set to change the moment that other states like California who are advancing legislation aimed at legalizing online gambling join the...

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Delaware Online Gaming Revenues Continue to Disappoint In April
May28

Delaware Online Gaming Revenues Continue to Disappoint In April

The ongoing debate over legalizing online gambling in the U.S. has left many proponents red-faced. Although only legal in three U.S. states the status quo of online gambling has led to many including those within the gaming industry to proclaim it as a ” bust”. One of the main factors needed to sustain a viable online gaming market is size. Without a big enough player base there is no chance of an online poker market developing. While there is talk of markets like California opening up the state of New Jersey, Delaware and Nevada leaves much to be desired. The revenues for April have just been released from Delaware and the numbers tell the sorry tale. Combine online gambling revenues in April totaled a measly $132,000 which is a 10% decline from the same period last moth and a whopping 45% drop from April 2014 which saw a record market peak of $240,800. Online poker revenues declined 35 percent from April 2014 but were up 11%  from the previous month to reach $48,500. Revenues from online casino games took a major drop and resulted in operators winning a poultry $15,600 in April which is 70% less than March. This figure is a new record low for online table games which were launched in November 2013. There was some positive news for video poker and slots as they were up 34% in April from the previous month to reach $68,000. Earlier this month the Delaware Lottery releases their free mobile iOS app. This is aimed at offering Delaware players the convenience of playing real money casino games on their iOS devices. Players need to be 21 and over and located in Delaware. At the time Lottery Director Vernon Kirk commented on the launch,” This is an exciting moment for iGaming in Delaware, ”Players can now find convenience and entertainment in playing casino games on their iOS mobile devices, and it’s just in time for tourists visiting our amazing Delaware beaches this...

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Amaya Gaming Set To Trade On Nasdaq Stock Market
May27

Amaya Gaming Set To Trade On Nasdaq Stock Market

Amaya Gaming has had a rocky road since their acquisition of PokerStars last year. While reporting impressive revenues due mainly to the acquisition of the world’s largest online poker company, Amaya Gaming have been under scrutiny for the lead up to their acquisition which saw their share price skyrocket. They are still under investigation for insider trading in Quebec and are looking to gain more credibility on other regulated markets. Today Amaya Gaming announced that they will begin trading on the prestigious Nasdaq’s Global Self Market on June 8 under the AYA symbol. This formal stamp of approval is just what Amaya have been looking for in light of their recent investigations in Quebec. CEO of Maya David Baazov could not hide his delight at the news and said,” Our listing on Nasdaq is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company. We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base.” In a statement Amaya went on to emphasize the strict requirements for entering this elite club and pointed out that membership into the Nasdaq Global Select Market is only given to “the highest quantitative and qualitative listing standards, related to , among other things, financial condition, liquidity and corporate governance...

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FanDuel Circumvents Google Play With Full Function App Release
May26

FanDuel Circumvents Google Play With Full Function App Release

Daily Fantasy sports fans that have android phones are still largely restricted from enjoying fully functional apps due to Google’s Developer Program Policy that do not allow “any content or services that facilitate online gambling, including but not limited to, online casinos, sports betting and lotteries, or games of skill that offer prizes of cash or other value.” DFS powerhouse FanDuel have until now only had their FanDuel Live Scoring app available on the Google Play store which only enabled players to monitor their contests and did not offer the option of entry into new contests or banking options. To overcome the restrictions of Google Play FanDuel have released their new app directly from their website and allows players to enter and edit their lineups, search contests, monitor live scoring and manage existing banking functions. FanDuel is not the first real money gaming company to circumvent the Google Play restrictions on real money gambling. Other apps like WSOP/888 and Party/Borgata do so in the New Jersey online market. While this circumvent is a clever solution to what seems like Google’s attempt to act as a tyrant (Daily fantasy sports betting is legal in most U.S. States) it could back fire on the DFS industry. Fantasy sports are legal in all but five U.S. states as they are based on skill and not luck in terms if the 2006 Unlawful Internet Gambling Enforcement Act. This loophole has come under fire from opponents to real money daily fantasy sports betting as they point out that it is no different from real money gambling. These sentiments were echoed by the bill’s original sponsor who has said that he had no intention of legalizing the DFS...

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