Archive for March, 2009

Second major jackpot win at Royal Vegas this month

Sunday, March 29th, 2009

March has proved to be a successful month for two progressive jackpot players at the Fortune Lounge group’s Royal Vegas online casino, with wins of $345,664.53 and €851,348.19 recorded on the Progressive Cyberstud Poker and Major Millions virtual machines.

In the latest win, online player Jean E. could scarcely believe her eyes when – two days after opening a Royal Vegas account and starting to play – she struck it rich on Progressive Cyberstud Poker, collecting a winner’s payout of $345,664.53 last week.

Earlier this (March) month, Carol H. became a progressive slot jackpot winner when she took home a massive €851,348.19 while playing the Major Millions Progressive Slot.

UIGEA in violation of World Trade Organisation

Tuesday, March 24th, 2009

The American UIGEA (Unlawful Internet Gambling Enforcement Act) which was created in 2006, states that it is illegal for an American citizen to transfer money online in order to gamble. This law does not keep a lot of people from going online and bet some cash in an online casino. A lot of European businesses retreated after the legislation became active on the American market, losing out on a lot of revenue. However PartyGaming and 888.com await possible prosecution for allowing US citizens to place bets on their site. Founder of PartyGaming, Anurag Dikshit, has paid a settlement of 300 million dollars. But, the European Committee believes this is in violation with the rules of the World Trade Organisation (WTO).

An European Union representative said, such laws restrain a free market, and thus is in violation with the WTO rules, who plead for an open market. He did stressed, that despite action through WTO would work, they would rather work with America to find a negotiated solution. “It is for the US to decide how best to regulate internet gambling in its market, but this must be done in a way that fully respects WTO obligations.”According to EU trade commissioner Catherine Ashton. Last year, after prosecution of European executives, and the charge against several investment bankers which gave advice to online casino operators, the Remote Gambling Association ordered the European Commission to investigate, because these actions are in violation with the rules of the WTO.

EU completes investigation into US anti-gambling prosecutions

Tuesday, March 24th, 2009

The Obama Administration’s new US Trade Representative at the World Trade Organisation, Ron Kirk will be under some pressure this week as the European Commission releases its report following an investigation into the discriminatory practices of US law enforcement in prosecuting European companies and individuals for alleged online gambling offences.

The investigation, carried out after complaints to the EC by mainly British online gambling companies belonging to the Remote Gambling Association, has been ongoing for some months and follows US unilateral actions that have seen the country shed credibility after losing several WTO disputes with Antigua and Barbuda. Among the elements studied in the US ban was the apparently inequitable and discriminatory nature of US legislation, and actions taken against Euopean companies but not US counterparts.

EU Trade Commissioner Catherine Ashton told reporters in Washington that the European Commission would release this week the long-awaited results of its investigation into whether U.S. enforcement of a ban on Internet gambling violated WTO rules.

Sports betting for Playtech

Thursday, March 19th, 2009

Online software developer Playtech, which reported a net profit of 40.7 million dollars over 2008, is adding sports betting to its already large list of services and software. This is because Playtech has bought Player2Players, a Cyprus based developer of betting exchange and sportsbook software. Playtech already one of the market leaders, with their iPoker network, can now offer their licensees a larger scale of products, including casino, poker, bingo, mobile gambling, live gambling, sports betting and land based games.

Playtech also announced that they finished the terms of agreement for Gamenet, to join Playtechs Italian Poker network. CRIGA owner of Gamenet, is one of the biggest network providers of regulated slot machines in Italy. This agreement will boost Playtechs Italian Network, already existing of SNAI, SISAL, Eurobet Italy and COGETECH. Also Playtech stated that profit from online casino William Hill Online rose with 40 percent on comparable numbers prior to the deal.

Last year, Playtech bought a series of  licenses, businesses and contracts, and sold them for 250 million dollars to the bookmaker to establish William Hill Online, in exchange for a 29 percent stake in the company. Playtechs model of hunting down important licences, wins the thrust of several analyst, chief executive Mor Weizer said this kind of deals are important for the growth of the company in country’s that regulate online gambling.

American Idol Betting Odds: Who Will Be Voted Off Tonight?

Saturday, March 14th, 2009

Tonight is the night that one of the American Idol contestants will look back on and see how they were extremely close to realizing their dream. Everyone remaining after tonight’s elimination will make it on to the American Idol summer tour.

Those are some high stakes for the eleven singers that are hoping they did enough last night to sway voters. By this time of the competition, favorites have already been established, and last night did nothing to change that.

Adam Lambert and Danny Gokey led the way once again on a night when it seemed that the talent gap between the male and female vocalists grew wider. Matt Giraud, Kris Allen, Anoop Desai, Scott MacIntyre, and Michael Sarver all impressed the judges.

On the women’s side, it was sixteen year old Allison Iraheta and Alexis Grace that stood out. The two of them, along with Lil Rounds will pose the biggest threats to the male contestants, but they may not be strong enough to win.

Megan Corkery is another of the women who has become better with each performance. She was strong last night, but could have a hard time staying on the show for another week. The guess here is that Corkery is eliminated and the rest of the contestants make it to the tour.

Profile : John McCririck

Monday, March 9th, 2009

There are few horseracing pundits who have caused as much controversy as the infamous John McCririck who is regularly seen around the UK horse racecourses and specifically on Channel 4 racing. Born on 17 April 1940 McCririck is well-known for his trademark deerstalker hat, tweed jacket and large sideburns and comes across as your stereotypical upper-class eccentric. But what else do we know about John McCririck?

After receiving his education at Victoria College in Jersey and Harrow School, John McCririck first stepped into the horseracing limelight as a journalist at The Sporting Life and other racing publications. His TV career began in 1981 with a stint on ITV horseracing before moving to Channel 4 in 1984 where he still makes sporadic appearances after having his contract renewed but reduced just last year. He is well-known for his eccentricity as well as his outspoken comments which have caused a severe backlash at times.

A racing man through and through John McCririck is an expert in the art of Tic-tac which is the horseracing equivalent of a foreign-language to many of us. While McCririck has stepped out into other avenues of TV over the years and often ventures over to America for the Breeders Cup he is predominantly a “home bird” and feels most comfortable in his homeland England.

Utah Attorney General supports attempts to overturn the UIGEA

Monday, March 9th, 2009

When the top lawman in the no-gambling state of Utah says he supports the attempts of Congressman Barney Frank to overturn the Unlawful Internet Gambling Enforcement Act it’s going to raise eyebrows….and maybe drop a few jaws!

That’s exactly what it did when Utah’s Attorney General Mark Shurtleff commented in a radio interview carried by KSL Radio that he would back Frank’s proposal to regulate and license online gambling in order to guard Utah citizens against dishonest and shady casino sites.

Speaking with surprising and welcome honesty, the Utah AG acknowledged that the UIGEA had not been effective in stopping US residents from putting their money down in Internet casinos and poker rooms.

He also seemed concerned about tribal gambling, saying that it was important that any new legislation does not create opportunities for tribal [land] casinos in Utah. Although permitted by federal legislation, not all states are partial to the idea of tribal casino expansion.

Commenting on the departure of reputable casinos triggered by the UIGEA, and the vacuum this had left for less desirable operators to move in, the AG said: “These sites are unregulated, so there’s all kinds of unscrupulous behaviour going on.”

What next for the casino industry?

Tuesday, March 3rd, 2009

As the online casino industry continues to steal market share from the off-line arena, there are serious concerns about the sustainability of many of the smaller and medium sized off-line casino companies. Since the onset of the US recession, back in late 2007, there have been a number of false dawns which have given hope to small and medium term companies in desperate need of liquidity and additional funding to get them by. However, time and time again the banks have failed to deliver and the US and UK stock markets in particular have been hit very hard over the last few months.

It would also be wrong to suggest that it is just the smaller and medium-sized off-line casinos which are in trouble, with Donald Trump suffering of late when his company slipped into financial trouble. However, there is no doubt that the companies which survive the ongoing economic downturn around the world will be stronger at the other end and probably have significantly less competition in the off-line arena.

With regards to the online arena, this sector is in many ways oversaturated but continues to go from strength to strength due to clever marketing, availability 24 hours a day and a growing market for those looking to play online at home. The next 12 months will be vital for the ongoing security of the off-line casino arena.

RGA applauds European Commission investigation into gambling monopolies

Tuesday, March 3rd, 2009

The European Commission’s decision to push forward in its investigation into breaches of the EU Treaty by the Dutch and Greek governments has been applauded by the Remote Gaming Association, a trade body for major online gambling companies in Europe. The Reasoned Opinion published by the Commission focuses on the protectionist and state monopolistic policies of the two governments regarding online gambling, which interferes with the free passage of goods and services between EU member nations.

In a statement this week the RGA said that Greece and its gambling monopoly OPAP, and the Dutch De Lotto monopoly were at the centre of the allegations.

“Both of these EU Member States will now be investigated by the European Commission to determine whether their national gambling laws are in contravention of the European Treaty,” the Association informed.

“In particular, the Commission will need to be assured that restrictions which are being placed on the freedom of gambling operators in other EU states to provide their services in the Netherlands and Greece are justifiable under EU law and are not there primarily to defend the position of domestic gambling companies or state operators.”

“In the face of sometimes very strong opposition, it does the Commission great credit that it continues to fulfill its role as guardian of the Treaty in such a robust and objective way,” commented RGA CEO Clive Hawkswood. “Coming on the heels of its decision in January to take similar action against Germany and Sweden, this should send a strong signal across Europe that protectionism in the gambling sector will not be tolerated.

“The Dutch government has even tried to carve out an online gambling monopoly for Holland Casino, but this Opinion should serve notice that such actions are not acceptable.”