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GEOBET POISED TO LAUNCH FIRST INDIAN ONLINE CASINO

Wednesday October 31, 2012 : GEOBET POISED TO LAUNCH FIRST INDIAN ONLINE CASINO
 
November target date for ambitious Geobet project
 
The GEObet gambling network, an online gambling technology and services provider that focuses on bringing Native American tribal casinos online, has announced that it will launch the first Native American online casino and poker room in November, bringing tribal nations online ahead of the Nevada casino giants.
 
"GEObet is helping Native American tribes to fulfill the natural extension of their rights as sovereign lands to bring their casino gambling businesses into the new millennium," said chief executive Gerry Gionet Tuesday.
 
"As competition for land-based gaming gets fiercer, all land-based casino groups, whether they are in California, Nevada or anywhere else in North America, will bring their businesses online. Tribal gaming has the right to protect its interests and compete with state and private casino groups."
 
Gionet's goal is to create a network of tribal casinos online that can share liquidity in communal games like poker and work together to accumulate shared online slot jackpots.
 
"If tribal nations and tribal casino groups join forces, they will create the largest gaming force in the world," Gionet claims. "We want to open tribal gaming up to a worldwide audience, and reach far beyond the players within a three-hour car ride of tribal lands."
 
Gionet says that the benefits of tribal online gambling include bringing employment and technical education to tribal lands, as well as developing a high-tech services industry. This would include developing server facilities on tribal lands and creating jobs in Internet security, computer programming, Web design and other services utilized by online gaming companies.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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