Online Casino News From Around the Globe

Zynga Hoping For Christmas Gift From State of Nevada
Dec09

Zynga Hoping For Christmas Gift From State of Nevada

It has only been a year since the global online gambling world was changed by a dramatic decision by the U.S. Justice Department. They decided to change their ruling on the infamous Wire Act of 196 which up till now was the main legislation preventing legalized internet gambling in the U.S. The last twelve months have seen some hectic maneuvers by many gaming and gambling interests who recognize the untapped potential of the U.S. online gambling market. One of these major players is the giant social gaming maker Zynga who has had a tumultuous rollercoaster ride in the last year. In a nutshell social gaming has been given a new focus with many looking to monetize these games into real money gambling options.  Zynga for one is in desperate need to turn their companies fortunes around as their share price has plummeted by nearly 80% since their IPO launch in December 2011. Their real money ambitions have started growing real legs as they announced partnerships with bwin.party to launch a real money online poker option in the first half of 2013. With the festive season among us Zynga is looking or theultimate gift from Santa to turn their fortunes around. They recently applied for an “Application for a Preliminary Finding of Suitability” with the Nevada’s Gaming Control Board. This is seen as the first step to get an online gambling license in the state of Nevada. Zynga is preparing itself for the real possibility of legalized nationwide online gambling being offered in the U.S. According to chief revenue officer Barry Cottle of Zynga,” We anticipate that the process will take approximately 12 to 18 months to complete. As we’ve said previously, the broader U.S. market is an opportunity that’s further out on the horizon based on legislative developments, but we are preparing for a regulated market.” Zynga’s share price was up on the news of their application but the road is riddled with obstacles. Zynga can not only gamble all their chips on legalized gambling but will have to adapt their overall products from the obsolete desktop platform to the ever growing mobile platform. Zynga is facing tough competition from established casinos and gambling companies who have already applied for online gambling licenses in the state of Nevada. It is hard to believe that only a few years ago Zynga seemed unstoppable when it came to social gaming. It now has to compete with new companies like betable who offer social gamers the chance to monetize their free-to-play games. Betable is worth watching as they essentially take care of all the legalities of any social gaming company who are...

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Pennsylvania Lottery Looks To Expand To Online Games
Nov12

Pennsylvania Lottery Looks To Expand To Online Games

Lotteries are one of the most effective methods for countries to generate state revenues which are channeled to many community-based projects. Unlike other forms of gambling the lottery the world over is not considered by most as even gambling. The fact that large percentages of the lotto ticket sales are ploughed back into the community make it a socially acceptable and even recommend form of gambling for all. The global gambling community is undergoing major changes with many countries realizing the fact that if they do not formulate legal guidelines and procedures for those looking to gamble online then they will simply see billions in revenues disappear into offshore operators who are only too glad at the lack of central controls. The U.S. market is one such example where the legalization of online gambling is at its critical point. As anyone in the gambling world knows last year in December the U.S. Justice Department reviewed their legal stance on the Wire Act of 1961 which up till now was considered the main stumbling block preventing legal internet gambling. Like with all transition phases, the current status quo in the U.S. is up in the air and it is up to individual states to promulgate legislation which would enable viable and legal online gambling. The leading states are New Jersey, Las Vegas and Delaware. As for the rest they are playing catch up and are waiting to see what happens in these pioneering states.Most of the current U.S. states offer lottery services which generate billions but are now looking to expand their operations to online ticket sales and other games. One such state is Pennsylvania where Gov. Tom Corbett is looking to expand the current Pennsylvania Lottery to other online games such as Keno which would generate even more than the $3.5 billion already generated for state programs which amongst others benefit the elderly. In an effort to do this Gov. Corbett is looking into the option of privatizing the state-run lottery. There is opposition to the new proposals from Democratic lawmakers who point out the fact that the current state run lottery has posted increased fiscal earnings of 8.5% from last year and contributed nearly $1 billion for state programs. It remains to be seen if the Gov. Corbett will succeed in expanding the lotto but the crux of the matter is the impact social gambling can have on countries and states. The lotto just proves how responsible gambling can be an economical generator for beleaguered state economies. The chance to expand lotto options to the online world seems a no brainer as everyone is well aware of the...

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Nevada Brings Three New Companies Closer To Legalized Online Poker
Nov05

Nevada Brings Three New Companies Closer To Legalized Online Poker

Ever since the Wire Act of 1961 was reviewed by the Justice Department last December, there have been hectic efforts by interested parties to get in on the online gambling train which is estimated to be worth at least $35 billion globally. Currently the Federal government has not adopted any nationwide policy which would see a smoother and more viable online gaming market for the U.S. It has become an individual effort by states like Nevada, New Jersey and Delaware who are leading the pack in making online gambling a legal reality in the U.S.. In further good news for online gambling in the U.S., an additional three Nevada casino operators are on their way to launching online poker. On Thursday the state Gaming Control Board recommended interactive gambling licenses for Z4Poker LLC, Cams LLC of Los Angeles and MGM Online LLC. The Nevada Gaming Commission will consider the recommendations on November 15 and are expected to apps without a problem. These licenses will allow these gaming companies to offer legal online poker within the state of Nevada. They will join the other thirteen companies who have already received their licenses. From an outsider’s point of view it seems crazy that the federal government does not take a more active approach as billions of dollars are being lost to offshore operators. Common sense dictates that a regulated and well controlled legal online gambling market would go a long way in helping the U.S. during what everyone admits is a difficult time in the economic history of the U.S. and indeed the...

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32Red Casino Enters Italian Gambling Market
Sep05

32Red Casino Enters Italian Gambling Market

Following their larger rivals William Hill and Paddy Power, the British based 32Red has announced it has plans to offer bingo, poker and casino games to the Italian market. 32Red posted excellent revenues with a 22% increase in revenues for the months July and August. These are excellent results when taking into account the effect of the Olympics.32Red’s revenues increased by 40% in the first half of the year to reach £16.6 million. According to CEO Ed Ware,” While we continue to focus on our core market of the UK, we look forward to utilizing out Italian license to expand the profile of the brand and to grow business in another regulated market. This performance has continued during the first 2 months of the second half of the year, despite the excitement and distraction of the Olympic...

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First Online Poker License in U.S. Granted to South Point Casino
Aug24

First Online Poker License in U.S. Granted to South Point Casino

A historic decision by the five-member Nevada Gaming Commission yesterday means that South Point Poker has become the first casino to get a legal license to operate an online poker site within the state of Nevada. This groundbreaking decision is the first of its kind in the U.S.  and even more significant is the fact that South Point Poker have developed their very own online poker system without the aid of a third-party. Chief Operating officer of South Point Poker stated,” We are pretty excited to enter the online gaming world. This is an incredible step forward. It’s going to redefine gaming and what the state can do.” If things go smoothly operations could be running as soon as October according to Vaughan depending on regulatory and testing approvals. South Point Poker will employ about 30 people. They have already entered the online free-to-play poker world over a year ago which will aid them in establishing their online brand among real money players. Vaughan went to pains to emphasize that they had the necessary safeguards in place to ensure that only players over the age of 21 are able to play and that the online gambler is physically located within the Nevada state...

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London Olympics Breaks Online Betting Records
Aug14

London Olympics Breaks Online Betting Records

With the London 2012 Olympic Games being touted as one of the most successful of all time, it comes as no surprise that the online bookmakers outperformed all expectations. According to one of global leaders in Sports betting, Sporting Index, the final amount wagered on the London Olympics was between £80 and £100 million. This is way above the forecasts of £20-£40 million forecast at the start of the games. The amazing feats of the athletes on the field translated into two weeks of frenzied sports betting. According to another leading British Bookmaker Ladbrokes the London Olympics have taken in the region of £80 million which is in harsh contrast to the £4 million they took in form the Beijing Games in 2008. According to commercial director at Sporting Index Group,Mark Maydon,” We made a conscious decision 18 months ago to invest heavily in our trading team, algorithms and modeling for the Olympics and we’ve been...

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