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Texas Hold 'Em - live from a casino in the Dominican Republic

The Caribbean Casino & Gaming Corp. , an over-the-counter penny stock trading in the range 0.31 to 0.39 and claiming a market cap of $20.67 million, has advised the market that live betting cameras and software will be installed over table games at its Sosua Bay Grand Casino in the Dominican Republic within the next two weeks. Games offered will include Texas Hold 'Em. Pokerstars
 
In May  the company announced a joint venture with Tradewinds Broadcasting Corp. to deploy technology that allows online viewing and betting of live Texas Hold Em tournaments and permits online wagering on the live players themselves. This new technology will stream real time images of games via broadband public internet, accompanied by opportunities to wager on the outcome of individual hands, individual players and the outcome of tournaments.
 
"The difference is like watching a live sporting event instead of a time delayed game with a determined outcome," remarked Steven Swank, president of Caribbean Gaming and Casino Corp., owner of the Sosua Bay Grand Casino. "It is an interactive experience never offered before now. We hope to have this up and running by late 2009."
 
The company reports that the new contract is ready to be delivered, which includes patent rights for 51 countries, and 2 151 casinos. This contract will, the company claims, give CGAQ a multimillion dollar revenue stream that can generate income within the next 90 days.
 
The patents are for systems and methods for playing casino table-type games such as roulette, dice and baccarat in an interactive manner at sites remote from the actual casino table at which cameras follow the live game that is being played in strictly regulated casinos. It allows players to be able to wager as if they are in the actual casino playing at tables rather than virtual make believe or number generated casino games from studios.
 
Swank says that the patented technology includes the use of lottery-type terminals that accept cash deposits while managing the wagering by using lottery data systems that can easily identify problematic gamblers and limit or shut down their compulsive gambling habits and also prevents underage participation when state operated lotteries become involved.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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