GamblingOnline Gambling Firm Bwin to Acquire Italy's Gioco DigitaleAuthored by Mark Hefflinger on September 14, 2009 - 8:17am.
Vienna, Austria - Online casino operator
and gambling firm Bwin announced on Monday that it will acquire Italian online
poker and gaming operator Gioco Digitale, in a deal worth up to $168 million in
cash and stock.
PartyGaming Buys World Poker Tour Assets for $12.3 MillionAuthored by Mark Hefflinger on August 26, 2009 - 11:01am.
Los Angeles
- WPT Enterprises (NASD: WPTE), operator of the World Poker Tour circuit, TV show and
ClubWPT.com website, announced on Wednesday that it has sold most of its assets
to gambling website PartyGaming for $12.3 million.
tags: Games | Deals | Gambling | TV | Acquisitions | World Poker Tour | PartyGaming | WPT Enterprises |
Canadian Indicted for Processing U.S. Web Gambling PaymentsAuthored by Mark Hefflinger on August 7, 2009 - 9:39am.
New York
- A federal grand jury has indicted a Canadian man accused of helping process
more than $350 million in payments for online gambling companies, in violation
of the U.S. Unlawful Internet Gambling Enforcement Act. The indictment comes as
legislation has been introduced in Congress to repeal the U.S. ban on Internet
gambling, and instead license and tax such operations.
BringIt to Take Console Game Wagering Service Out of BetaAuthored by Mark Hefflinger on August 4, 2009 - 12:31pm.
New York
- BringIt, an online service that lets users wager real-world money and challenge
each other in console video games, is set to emerge from beta and officially
launch its service in the coming days, the Associated Press reported. The
service supports PlayStation 2, PlayStation 3, Xbox 360 and Wii titles, and the
site takes 10% of wagers and a $4 fee when bettors collect their winnings. The
company says the site is legal in 39 states, including California, as video games are considered
"skill" games rather than gambling and other games of chance.
'Live' Interactive TV Gambling Firm NetPlay Secures $21 MillionAuthored by Mark Hefflinger on July 9, 2009 - 7:11am.
London
- NetPlay TV, a provider of interactive TV gambling technology, announced on
Thursday that it has raised $21 million through a private placement of its
shares.
Feds Ask Banks to Freeze U.S. Online Poker Players' WinningsAuthored by Mark Hefflinger on June 10, 2009 - 11:27am.
New York - In attempts to
uphold the U.S. ban on Internet gambling, federal prosecutors have asked four U.S.
banks to freeze at least $33 million in winnings owed to American online poker
players, The New York Times reported.
Rep. Frank Introduces Bills to Overturn Web Gambling BanAuthored by Mark Hefflinger on May 6, 2009 - 11:18am.
Washington
- U.S. Rep. Barney Frank (D-Mass.), Chairman of the House Financial Services
Committee, on Wednesday introduced legislation to overturn the three-year-old ban
on Internet gambling. "The government should not interfere with people's
liberty unless there is a good reason," said Frank. "This is, I
believe, the single biggest example of an intrusion into the principle that
people should be free to do things on the Internet. It's clearly the case that
gambling is an activity that can be done offline but not online."
Bill to Overturn Web Gambling Ban Expected Next WeekAuthored by Mark Hefflinger on April 28, 2009 - 11:27am.
EU Finds U.S. Web Gambling Ban Violated WTO RulesAuthored by Mark Hefflinger on March 26, 2009 - 9:27am.
Washington - The European
Commission has found that current U.S.
law is in violation of World Trade Organization rules, after an investigation
into the effects that U.S.
law had on European online gambling services when Congress banned online
gambling in 2006. The report concludes that, while WTO proceedings against the U.S. would be justified, the EU should first
take the issue up with the U.S.
government, "with a view to finding a negotiated solution."
Lawmaker to Push for Repeal of U.S. Web Gambling BanAuthored by Mark Hefflinger on March 6, 2009 - 9:27am.
Washington
- Rep. Barney Frank (D-Mass.), chairman of the House Financial Services
Committee, this week reiterated his plans to introduce a bill that would repeal
the U.S. ban on Internet gambling. "I'm going to be pushing it,"
Frank told reporters on Thursday, according to Reuters, after a spokesman for
the lawmaker said in late February that a bill would be introduced within a
month.
Report: U.S. Could Reap $52 Billion From Web Gambling TaxesAuthored by Mark Hefflinger on February 26, 2009 - 9:38am.
Washington - The U.S.
could reap as much as $52 billion in revenue over the next ten years by lifting
its ban on Internet gambling, according to a report conducted by
PricewaterhouseCoopers for online payment services firm UC Group.
tags: Law | Policy | Gambling | Reports | Research | Barney Frank | PricewaterhouseCoopers | UC Group |
Casinos to Monitor for iPhone Blackjack Card Counting AppAuthored by Mark Hefflinger on February 18, 2009 - 1:14pm.
Las Vegas
- An iPhone (NASD: AAPL) application that can aid in "counting cards" while
playing blackjack has been identified as a potential violation of the law by
the Nevada Gaming Control Board, the Las Vegas Review-Journal reported. The
"Blackjack Card Counter" can run in "stealth" mode, meaning
the buttons a user would press to update the status of the dealer's deck can
function even though the iPhone's screen is dark. "We wanted to put the
industry on notice to be aware this device is out there," Gaming Control
Board member Randy Sayre told LVRJ.
Macrovision Sells TV Games Network to Betfair for $50 MillionAuthored by Mark Hefflinger on January 28, 2009 - 4:32am.
London - Betfair, a U.K.-based online gambling firm focused on horseracing, has acquired Macrovision's (NASD: MVSN) TV Games Network interactive TV horserace wagering service for $50 million in cash. tags: Deals | Gambling | TV | Acquisitions | Macrovision | Betfair | Interactive TV | TV Games Network |
PartyGaming Founder to Forfeit $300M in Web Gambling CaseAuthored by Mark Hefflinger on December 17, 2008 - 10:20am.
New York - Anurag Dikshit, a founder and former officer and director of PartyGaming, an Internet gambling business, has pled guilty in Manhattan federal court to charges that he used the wires to transmit in interstate and foreign commerce bets and wagering information. Web-based Casino Games Firm GameLogic Raises $3 MillionAuthored by Mark Hefflinger on December 17, 2008 - 8:45am.
Waltham, Mass. - GameLogic, a developer of casino games based on online games, has raised $3 million of debt financing from Velocity Financial Group. PurePlay Raises Funding for Legal U.S. Poker SiteAuthored by Mark Hefflinger on May 6, 2008 - 7:21am.
San Francisco - PurePlay, an online poker site that allows users to play for cash and claims to be compliant with U.S. laws, announced on Tuesday that it has raised a third round of venture capital, led by Bay Partners, with total funding to date now at $15 million. Antigua Threatens to OK Piracy if U.S. Ignores Gambling DisputeAuthored by Mark Hefflinger on March 19, 2008 - 10:57am.
Los Angeles - The government of Antigua is threatening to legalize piracy of U.S. music and movies -- with World Trade Organization approval -- should the U.S. fail to end a running dispute over the legality of Internet gambling, Variety reports. EU Investigating U.S. Crackdown on Internet GamblingAuthored by Mark Hefflinger on March 12, 2008 - 10:21am.
Social Betting Site Bragster Raises $3.5 MillionAuthored by Mark Hefflinger on February 13, 2008 - 8:42am.
London - Bragster, a social network "for dares and social bets," announced on Wednesday that it has closed a $3.5 million first round of venture capital financing, led by Intel Capital. U.K. Mobile Gambling Service BetNow Raises FundsAuthored by Mark Hefflinger on January 3, 2008 - 7:12am.
London - BetNow, a U.K.-based developer of mobile gambling services, has raised an undisclosed sum in its first round of venture capital, led by Balderton Capital, PEHub.com reported. |
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