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Online Bingo Site Signs With Paypal

Despite it's high profile disdain for online gambling business in the United States, e-cash processor PayPal appears to have no such reservations in the E uropean market, where it continues to sign up top gambling groups for its services.
The latest company to offer PayPal facilities is GTech G2 which says that the agreement will enable its UK bingo partners to offer their players the ability to transfer funds quickly and cost effectively online.
The first partner to offer PayPal to its UK customers is ChitChat Bingo, while other G2 UK-facing partner sites such as Littlewoods, Yahoo, Ann Summers, BingoJoy, InterBingo and MetroBingo go live next (August) month.
Johan Berg, COO of GTech G2 commented:  “We are very excited about being able to offer our UK bingo partners the comfort, ease and security that comes with using the PayPal service. This is a great opportunity for us as our worldwide lottery and gaming industry expertise is now coupled with the world’s leading e-wallet solution in PayPal."
PayPal is a well known e-wallet solution for the UK and is used primarily to facilitate buying and selling on the online auction site eBay. The service has over 23 million user accounts in the UK, which represents two out of three online shoppers. Users can pay with PayPal on over 165 000 merchant websites across Britain and the rest of Europe.
Other blue chip gambling companies using the service include Paddy Power, Betfair and 32Red

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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