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U.S. DIGITAL TALKS UP ONLINE GAMBLING

December 7, 2011 : Chairman keeps his company front of mind as legalisation looms
 
US Digital Gaming, a relatively new but vociferous arrival on the American internet gambling software scene, continued to maintain its "front of mind" publicity blitz this week, with chairman and experienced industry exec Richard Bronson appearing on CNBC's "Fast Money" show.
 
Bronson contended that as states grapple with shrinking revenues, online gambling stands to reap a jackpot, but that it is a sector that needs to be taxed and regulated, because 'illegal' offshore operators have taken up to $6 billion of revenue out of the United States.
 
Referring to recent legalisation moves in Washington DC and at state level, Bronson said: “It’s imminent. There’s no question. The states are broke. They’re looking for revenue sources.”
 
U.S. Digital Gaming develops “legally compliant” gambling systems for Native American tribes, state lotteries and existing casinos. Bronson told "Fast Money" that already eight or nine states have laws pending to legalise internet gambling.
 
“We think it’ll be like the first lottery, which occurred in New Hampshire in 1964. Now there are 43 states that have a state lottery,” he said. “We believe the same thing will happen with online gaming.”
 
Fellow interviewee and billionaire businessman, 2929 Entertainment CEO Todd Wagner, said it was likely gambling would move in some form over to an online arena.
 
“Will it just be the same brick-and-mortar companies that transition to this, or will there be room for others to come in because the business is different?” he asked. “It’s not just constructing a facility and construction permits and all the things that go with that world. Now we’re in an online world.”
 
See the video clip at http://www.cnbc.com/id/45566668

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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