The fate of French online casino gambling licensing lies up in the air right now
as the French government still plans to open the market to an extent, but the
European Union courts have ruled that France’s planned internet gambling
regulations are still non-compliant with the full scope of EU policies. France
previously ran a state gambling monopoly that excluded all non-French based
online casinos from legally accessing the market and certainly from competing in
the advertising space in the country. (more…)
No Go on French Online Casino Regs
Barcrest Sale Rumored
MenMedia publication has reported that the high profile provider of land-based
and online casino gambling content in the United Kingdom, Barcrest, may be
placed in the market for sale. This decision may have been reached by its parent
group, IGT after a strategic review was conducted. IGT has appointed Global
Leisure Partners, a company based in London, to take charge of the review.
Rumors have been circulating that the price tag attached to Barcrest is a hefty
sum of GBP100 million. Avid industry news consumers may recall back in 1998,
when Barcrest was originally obtained from the Bass group for GBP42 million. (more…)
Mazooma Partners with 888
Mazooma Interactive Games, the developer and provider of several online casinos
games for the UK Internet gambling industry, has signed an agreement with one of
the leading global gambling groups, 888 Gaming. Under the provisions of the
agreement, Mazooma collection of interactive games will offer the ultimate
experience for players and the onlien casino games will be deployed through the
consumer channels of 888 and Dragonfish, a subsidiary of 888 Holdings.
The Head of Business Development for Mazooma, David Bolas said that the UK-based
company is continually investing and innovating in the gaming arena, and they
can compete in the online casino industry and at the same time will be able to
provide excellent and unique experiences for gamblers at UK online casinos and
abroad. (more…)
Latin America Plunge
Research suggests that the Latin American markets shows a positive potential and
commodity value for online casinos. However, several online casino operators and
investors question if it’s worth the risk to gamble their business in a
territory that has been considered politically unstable area for several years.
Latin America, which mainly consists of 33 countries and with a population of
almost 570 million, is indeed a good venture. Plus, considering the recent
significant and notable changes that are manifesting within the territory,
online casino investors as well as financial, technology and equipment providers
are thrilled to take the risk, rather than playing it safe and losing a
profitable business enterprise. (more…)
Ceasers Board Approval
Caesars Entertainment has not infringed on any laws set by the Nevada Gaming
Control Board with its business relationships with 888 Holdings subsidiaries;
that is the latest forethought announced by the board recently. 888 Holdings,
which is operating in Gibraltar has several subsidiaries at online casinos and
gambling operators, two of which are the companies Fordart Ltd. and Cassava
Enterprises Ltd. It is with two of these companies that Caesars Entertainment
has recently signed an agreement in order for them to develop their World Series
of Poker (WSOP) brand. (more…)
Intralot Shows Revenue Growth
Online casino giant Intralot Group has announced its financial standing for the
first three quarters of 2010 ending in September 20 with positive results. In
fact, the performance of the group’s online casinos calls for a celebration! The
revenue for the 3rd quarter of 2010 reached more than Euro 256 million; this is
a significant 33.4 percent increase from last year. The year-to-date total
revenue amounts to almost 797.7 million. The group’s EDITDA also reached a
whopping Euro 39 million for the 3rd quarter of 2010, making its year-to-date
EDITDA almost Euro 110 million. (more…)
Judge Questions Prosecution
The question as to the correct definition of gambling has been quite puzzling,
even for some prosecutors. Recently, Judge Jed Rakoff has been wondering why
United States prosecutors have not made any convictions related to illegal
online casino operations as well as crimes associated with playing at gambling
sites since they are illegal. This question was brought forth by Judge Rakoff
after Anurag Dikshit, PartyGaming co-founder, admittedly confessed that his
company might have possibly broken US law when PartyGaming started to accept
gamblers from the United States at its online casinos. (more…)
Home Games Checked
ARJEL’s strict online casino and gambling guidelines made France the most
difficult territory to operate by the Internet gambling operators. Amendments of
regulations were made recently that forced one of the features of PokerStars to
terminate its operation. PokerStars, which received in July 2010 its license to
operate games for online casinos, such as poker, within the jurisdiction of
France temporarily suspended the recently popular new “Home Games” program.
ARJEL, due to its recent guidelines, will be reviewing the games and will try to
ascertain if the game are observing the codes of practice set by the government
of France through ARJEL, or Autorite de Regulation des Jeux en Ligne (Regulatory
Authority of Online Games). (more…)
PVA Sorry for Ruckus
Poker Voters of America’s (PVA) executive director Patrick Dorinson, who is a
former spokesman for the Morongo tribe’s COPA, one of the Indian tribes
supporting online casino, issued a statement criticizing eGaming Review, a
publication featuring gambling news. This is after reading an article in the
Capitol Weekly newspaper in California with an item contradicting the opinions
of PVA and contradicting the conventional opinions on online casinos. He,
together with PVA political consultant Lloyd Levine, accused the newspaper
article of being “completely inaccurate”. (more…)
Buffet on Margaretville
There is hope in Mississippi’s gambling industry with the involvement of Jimmy
Buffett. Jimmy Buffett, a singer/songwriter, movie producer and businessman,
vowed to launch a fun new Margaritaville Casino in Biloxi. The Margaritaville
Casino was initially introduced in 2007 and the effort was a partnership between
Jimmy Buffett and Caesar’s Entertainment, then called Harrah’s Entertainment.
But Caesar’s Entertainment, which just recently introduced new online casinos in
its line of gambling entertainment, abandoned the project when the Gulf Coast
was struck with the infamous Hurricane Katrina. (more…)
