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Online Poker News - Casino News - Gambling News - Gambling Industry News
The following gambling news is updated multiple times per day. We try to keep you updated on the latest gambling news, including poker news, casino news, brick and mortar news, sports gambling news and industry news. If you have an event or are a company with a press release submit it to us for publication. Contact us at email.
Cereus Poker network - AbsolutePoker and UB - Sold -
8/27/10 - Taking many industry observers off-guard late Thursday was a press release from the largely unknown e-gaming firm Blanca Games revealing that it has acquired the interests of the Cereus poker network formerly owned by Tokwiro Enterprises and including well established if at times controversial sites Absolute Poker.com and UltimateBet.com.
Betfair Tax Break Passes -
8/27/10 - Despite opposition from the Green Party , a Tasmanian government proposal to give online betting giant Betfair a A$6 million tax break has been passed in the Lower House, thanks to support from the official Opposition Liberal Party.
ONLINE GAMBLING TAX BILL STILL STUCK IN COMMITTEE -
8/27/10 - A Congressional bill that could raise billions of dollars in state and federal revenues through the taxation of a legalised online gambling environment in the United States remains stuck in committee, but author Representative Jim McDermott is pushing hard to get it marked up in time to get it to the House floor in this Congressional session.
Frankenburger Wins World Poker Tour Legends of Poker -
8/27/10 - Frankenburger, who held the chip lead on and off for most of the event, led the three-handed tussle but it was not until the early hours of the morning that he managed to hit a club flush against 2003 Legends finalist Tom Lee, bundling him out of the competition with a third placing check for $174 772.
LADBROKES TO USE SPORTECH POOL PRODUCTS -
8/27/10 - Sportech CEO Ian Penrose has announced an agreement with the UK online and land betting group Ladbrokes, which will distribute its pool products through the internet to the Ladbrokes’ database. Penrose noted that the deal could be the forerunner of others as Sportech seeks to increase player liquidity, hoping to close at least another two agreements before the end of 2010.
ONLINE GAMBLER INDICTED FOR INSURANCE FRAUD -
8/26/10 - A former insurance agent in New Jersey has been indicted for allegedly defrauding nine clients out of more than $1.9 million to feed his online gambling habit, reports the IFA Web News
PaddyPower Warns New Taxes Less Jobs -
8/26/10 - The online and land gambling group Paddy Power, which released a strong set of results this week, has warned the Irish government that new tax proposals could trigger a reconsideration of its future plans, which include the creation of 750 new jobs over the next three years.
WILLIAM HILL FIRST HALF PROFIT UP 9.9 PERCENT -
8/26/10 - The British online and land gambling group William Hill plc reported this week that its first-half net profit rose 9.9 percent to GBP 64.5 million as net revenue grew 2.8 percent to GBP 529.9 million.
New Playtech Flash Software -
8/26/10 - The Betfair online casino software deal with Playtech will come to fruition at the end of August with the launch of the latter’s new Flash-based product, the two companies announced this week.
Inspired Gaming Gets Italian OK -
8/26/10 - Server Based Gaming specialist Inspired Gaming has announced that it has met all Italian market VLT requirements set by regulator L’Amministrazione autonoma dei monopoli di Stato (AAMS). The firm claims that it is only the third company to achieve this standard, which enables it to deploy its Open VLT platform in the new Italian market
PaddyPower Earnings Results -
8/25/10 - The UK online and land betting group Paddy Power reported in a trading update this week that it is on track for good 2010 full year results that will likely show a 30 percent rise in earnings.
S.A. ONLINE GAMBLING DECISION TO BE APPEALED -
8/25/10 - The operator of the Piggs Peak online casino in Swaziland, Casino Enterprises, has reacted to yesterday's judicial ruling that in the online environment gambling takes place at the physical interaction point.
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