Archive for December, 2009

German Online Casino Ban is Ineffective. Will They Discard Ban?

Wednesday, December 30th, 2009

Is Online Gambling Law Effective Enough in Germany?

It has been found out recently that the people of Germany are still very much into online gambling. Though the laws of Germany are against casino gambling online. But hardly anyone pay hid to such ban. Thus, this controversial ban is grossly ineffective in Germany.

What does Figure Say About Online Gambling? What Do States Want?

According to a report, the total number of German playing or patronizing online casino gambling has been found out to be more than 2 million. The gross ineffectiveness of online casino gambling ban has led different states of Germany to denounce and scrap the online gambling ban. According to the different states of Germany, the German Federal government should not renew the ban on online casino gambling at the time of its extension during 2011.

Many people also say that regulation rather than a complete ban on online gambling would be more realistic because it will lead to generation of huge amount of government revenue.

What are the Most Sought After Online Gambling Games of Germans?

The most popular gambling game among German is Lottery Betting. This has been revealed by a study done by Association of Information Technology, Telecommunications, and New Media. According to the report published by the concerned association, the other popular games include poker gambling and sports betting.

Voices Against Online Gambling Ban is Increasing

Many experts on gambling are saying that ban on online gambling is grossly ineffective. They are showing the instance of soccer gambling scandals as examples. Thus, they are of the view that regulation of online gambling is a better alternative to a complete ban.

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Online Gambling is Becoming Mobile

Saturday, December 19th, 2009

A new deal has been signed between LMGi, a newcomer in the online gambling industry and the Cometa Wireless Limited. According to this white-paper licensing deal LMGi will bring casino styled title on Slot in mSlots.com, their own gambling website on mobile. Though the site belongs to LMGi, but it is operated by Cometa (which has a remote gambling license of UK).

Cometa has also issued a statement in which it has said that they have plan to feature 1 or 2 mobile casino (traditional) along with bingo games. According to the CEO of LMGi, Paul Stewart, it is a very easy to work with Cometa. He also said that Cometa has provided them with every support for entering and capturing the large arena of mobile gambling. Paul also went on to say that the new “white-label” of Cometa is one of the most attractive ones found.

What’s more?

mSlots.com is also going to feature 5-reel slot having 20-paylines and it will be a version of Viper Active Slot. The concerned portal will also include fruit machine Slot games of UK-style. One such game game is 777 heaven.

LMGi is also going to receive new scratch-card game of Cometa which will be able to download new graphics. Most interestingly, the themes will change automatically every week and the players would not require to download other applications.

Figures Talk for Themselves

Now, the question comes, why are Cometa and LMGi so interested in mobile gambling?

According to reports, the mobile gambling market of Cometa is increasing by leaps and bound every month. During the 2nd quarter of 2009, 2.5million pounds were wagered in bets. In fact, experts are predicting that this amount will surpass the 10million pound mark within the 1st quarter of 2009.

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Are Online Gambling Giants Going for Consolidation?

Wednesday, December 16th, 2009

Is consolidation (M&A – Merger and Acquisition) the new trend in online gambling industry?consolidation

The answer is still not clear. But two online gambling giants are considering consolidation in the near future. These giant online gambling operators are:

PartyGaming and Bwin

Both these firms are contemplating to become one entity in the days to come. Both the companies are quite big in the online gambling industry and according to estimates these companies have a valuation of more than US$ 1.5 billion each. If the two companies, PartyGaming and Bwin consolidate (Merger or Acquisition) then the total valuation of the consolidated company will be more than US$ 3 billion.

As per our sources, the regulators from UK will be asking CEO of PartyGaming, Jim Ryan, about the speculations going around on the possibility of a merger of PartGaming and Bwin. The regulators want either a confirmation or denial of this speculation from Jim.

If we look at the business activities of PartyGaming in the recent past then we would witness that it has been increasing its product/service options since it payed US$ 105 million settlement to USDJ or US Department of Justice for closing an investigation. Aft

After settling the dispute with US, it has advanced into a buying spree. It has:

1. bought several brands as well as assets of the famous World Poker Tour

2. acquired Cashcade, an online Bingo Co., for US$ 150 million

Many market analysts are of the opinion that the online gambling market is entering in consolidation of the existing companies as the speculation is ripe that US market will be opened in the near future.

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Squabble over legitimizing online gambling

Monday, December 14th, 2009

Though many members of the Senate and the House of Representatives have vociferously spoken against the legitimization of online gambling in USA, there have been many others who are of the opinion that technologies can be used to improve as well as legitimize internet gambling.

Barney Frank, member of the House of Representative have been supporting the idea of legalization of internet gambling. Since 1999 the introduction of the bill of Internet Gambling Prohibition and Enforcement Act which had been out voted several times by the house was vehemently opposed by Barney Frank in 2006. A moratorium was sought by him and Ron Paul to withhold the Unlawful Internet Gambling Enforcement. On the other hand he brought in the bill in 2007, the H.R. 2046; the Internet Gambling Prohibition and Enforcement Act which would seek age verification to protect compulsive gamblers. It would have also made sure the licensing of online gambling sites.

One of the main criteria of the UIGEA is that no financial institution is allowed to transfer funds to any illegal internet gambling site. This prohibition would result in financial loss; so many bankers seek to delay the implementation of the Act.

Executive Chairman of Youbet.com, an online wagering company, Michael Brodsky was of the opinion that there are technologies that can prevent the unlawful online gambling as well as regulate the gambling industry. That would prevent the off shore gaming from flourishing and create more jobs for the American market and draw more revenues. It is important to use the technology to upgrade the security system and stop the government and the law makers from exercising moral policing and deciding on the people’s behalf where to spend their own money.

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US Land based casino giant marks its online presence

Monday, December 7th, 2009

Most of you may have visited the Harrah’s Entertainment, the popular US land based gambling outlet. If you haven’t then think yourself lucky to get to play at the Harrah online. This offline big casino giant has started with its own online casino marking its first online presence. At last but not too late, the entry of Harrah Entertainment has started with a bang. Gambling experts feel that the group will give a strong competition for its online competitors.

The new casino started under the flagship of the Harrah’s Entertainment has been given the name -Caesars Casino. All new players at the site will be offered a first deposit casino bonus of over £500.Powered by the Dragon fish, this new online casino site is opened for both US and the German players.

The Harrah’s Entertainment includes a strong player base in the United States. Officials at the site feel that American visitors will be directed to the site knowing their services that they offer at their brick and mortar gaming outlets. Their land based operations include different properties on Las Vegas Strip.

Gaming:

For all gambling enthusiasts, Caesars Casino feature a wide variation of games. These include blackjack variants, 16 slot machines, table games, 30 video slots and others. In table games, you will get games like the 3 Stud card poker, baccarat, casino hold’em, roulette, craps and Caribbean poker. As an addition, players will also get a variety of other specialty games including some instant winnings.

Promotions:

The new site Caesars Casino is offering some special promotions. One such promotional offer is the Happy Hours. The happy hours will be on offer at the end (last day) of every month. It will last for at least 4 hours starting at 7-British time.

How to qualify

In order to qualify, players will require including a deposit of about £50. By making the deposit, you will be eligible to receive a bonus equaling the value of 10 percent that may total up to maximum £50.  Cashing out the bonus requires each player to bet at a minimum of 20 times of the total amount.

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Five Online Casinos Organizing Series of Slot Year-End Tournaments

Friday, December 4th, 2009

Five renowned online casinos have come together to organize 5 slot tournaments for marking the end of the year 2009 on a high note. These five online casinos are:

  1. a) English Harbour Online Casino

b) English Harbour UK

  1. SuperSlots Casino
  2. VIP Slots Casino
  3. Silver Dollar Casino
  4. Caribbean Gold Casino

Tournament Details fo these five tournaments

The slot tournament organized by the above mentioned online casinos have qualifying rounds for reaching the final spot. Don’t think that these qualifying rounds don’t give you any prize. Guaranteed pool prizes are there in every qualifying round of slot tournaments.

  • Entry fees of this tournament is pegged at US$ 5 and the total number of re-buys are simply unlimited.
  • Total prize pool amount at every round is US$ 40,200.
  • 245 players coming at the top will get cash prizes in every round.

According to sources, the total amount of prizes that will be disbursed during this year-end tournament  of 2009, called “Countdown 2010 Tournament”, is US$ 201,000.

Tournament details of the different rounds

1st Round: This round will be held from 30th Nov’09 to 7th Dec’09. Featured game is “Doctor Love”

2nd Round: This round will be held from 7th Dec’09 to 14th Dec’09.  Featured game is “The Right Prize”

3rd Round: This round will be held from 14th Dec’09 to 21st Dec’09.  Featured game is “X Marks the Spot”

4th Round: This round will be held from 21st Dec’09 to 28th Dec’09.  Featured game is “The Reel Deal”

Tournament Final

The finals of the tournament will be held from 3pm of 28th Dec’09 to 11.59pm of 31st Dec’09. “Vegas Party” is the featured game of the finals. The final of “Countdown to 2010” will be solely based on invitation and the top 200 players of different rounds of the tournament will get free entry pass. If you don’t qualify to enter the tournament then you have to cough up US$ 100 for every entry.

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Renowned Binion’s Closing its Hotel but Not Casino

Tuesday, December 1st, 2009

Binion’s Gambling Hall & Hotel is an iconic gambling resort. Its operation includes both casino halls and hotels. This casino has become renowned because of the fact that it has been organizing World Series of Poker for the last thirty four years.

But now, its management has decided to close its hotel rooms, keno operations and coffee shops in order to curtail costs. According to the 58-year old owner of Binion’s Gambling Hall & Hotel, M/s Lisa Robinson, such drastic cost curtailing decision was taken in order to keep the other sections of the group, like casinos and others, operational.

Some More Details

The sections of Binion’s Gambling Hall & Hotel that are going to be closed include:

  • 99 rooms of the Binino hotel
  • 266 rooms in the Mint Tower of the property.

All the above mentioned closings will be done on 14th December 2009. A very bad news for the workers working in these hotels are is also looming large. Out of the full strength of 800 workers, 100 are going to be laid off after the operation of some of the sections of the hotel are closed down.

When asked about the reason for such decision, the spokesperson of the management has conveyed to our correspondent that the downturn of the economy has severely affected their business. The hotel rooms became a burden in this down market for the group and that’s why this harsh decision.

Are you Closing your Casino Operations Too?

Binion’s Gambling Hall & Hotel has “NO” plan to close its casino operations.

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