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01/12/2012 : NOTORIOUS FORMER LOBBYIST SPEAKS ON DoJ GAMBLING POLICY SWITCH
'Casino Jack' expects change in approach will generate some intense lobbying in the United States
The US Department of Justice's dramatic about-turn on internet gambling and the Wire Act continued to excite mainstream media interest this week, with the Reuters television service asking notorious former lobbyist Jack 'Casino Jack' Abramoff, who did jail time for stepping over the line as a lobbyist in Washington, for his views.
Abramoff - who is no longer involved in lobbying - opined that the change will likely intensify online gambling legalisation efforts at state and federal level, and predicted an increase in lobbying activity that frequently involves large amounts of money in political donations.
Interested readers can view the interview here: http://www.youtube.com/watch?v=b1Fv0spKGzY
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Recent Gambling News :
Foxin Wins and Irish Eyes 2 Slot Launched -
NextGen Gaming, the Australian-based slots studio of NYX Gaming Group, has launched the first of a series of online slots slots titles - Foxin Wins and Irish Eyes 2 - on William Hillís Vegas tab in both HTML5 and Flash.
Banks cooperative On UK Gambling Ban -
Our readers will recall the very firm refusal by British ISP companies to cooperate in any attempt by the government to impose blocks on unlicensed internet gambling sites when its new point-of-consumption laws come into force at the end of the year.
Fortuna Gambling Revenues Rising -
Fortuna Entertainment Group, a Czech-facing online and land betting company has posted results better than analyst expectations of Euro 14.3 million, with net profit up 26.4 percent over the year to Euro 15.6 million, boosted significantly by online gambling operations.
Kevin Jonna Wins Commerce High Roller Poekr Event -
25 mainly professional and famous names in the game signed up for this week's $25,400 buy-in Commerce High Roller competition at the L.A. Poker Classic, fighting for a spot in the final three in order to get a return on the investment.
Unibet cuts its poker ties with Microgaming -
Unibet's decision to cut ties with Microgaming for its poker offering in favour of a more recreational and socially oriented stand-alone enterprise took shape this week when the company completed its transition to real-money action after a two-week beta testing phase and switched the Microgaming software off.
UK Horse Racing Tax -
The House of Lords debate this week on the new point-of-consumption British licensing and taxation law has produced a suggested amendment that, if approved at subsequent readings, could have serious additional financial implications for companies that licence in the UK.
Spanisg Online Gambling Numbers Up -
Q4 revenues reached just under Euro 60 million, 2.5 percent lower than the comparative period last year. Wagers rose 13.9 percent to Euro 1.47 billion, with new player acquisition up 9.4 percent to 137,000, taking full year player registrations to 1.6 million.
PaddyPower wants to focus on big, legal and regulated markets -
Speaking to reporters following the publication of the company's latest results (see previous InfoPowa reports), Paddy Power chief exec Patrick Kennedy said he wants to enter new markets overseas and offer more services in countries such as Australia and Italy if some types of online betting are made legal in those markets.
Borgata disappointing result for fiscal fourth quarter -
Boyd Gaming, the New Jersey company that owns the Borgata, has posted a disappointing result for the casino resortís fiscal fourth quarter, reporting total revenues of $157 million, including $2.2 million from online gambling - a 6.5 percent increase on Q4:2012, although in the comparative period the casino had to contend with major interruptions from Hurricane Sandy.
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