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***ONLINE GAMBLING AND CASINO NEWS*** |
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Online Casinos and casino gambling news and reviews! Up to the second news
in the casino and gambling industry and internet gaming world.
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OCTOBER 2006
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| GambLux EDITOR NEWS |
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Intertops Casino Continues US Business
[Monday, October 30, 2006]
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The Antigua based Intertops casino announced their continued service of the US online casino market.
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Betcorp Shares Recovering
[Monday, October 30, 2006]
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The shares for the Costa Rican based sports betting site, Betcorp, have recovered significantly after they sold their US operation for $US9 million.
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Vegas Partner Lounge Continues to Accepts US Players
[Sunday, October 29, 2006]
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In response to the Unlawful Internet Gambling Enforcement Act of 2006, Vegas Partner Lounge released this statement;
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Bodog Predicts a Republican Majority
[Saturday, October 28, 2006]
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According to the odds makers at Bodog.com, it looks like the Republican party will hold on to their majority in the upcoming US Senate elections.
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GamesGrid Still Accepting US Player
[Friday, October 27, 2006]
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GamesGrid released a press statement Tuesday stating that they are, "...astonished and dismayed by the United States government's misguided attempts to regulate the recreational activities of its citizens and its apparent belief that the best use of federal security personnel is in preventing ordinary people from playing their favorite games."
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Casino Apuestas Stops Service to US Players
[Friday, October 27, 2006]
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The Spanish-speaking online casino site, Casino Apuestas, announced that they will stop accepting registration of deposits from US based players.
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Vegas Finale for National Lampoon and UltimateBet.com
[Thursday, October 26, 2006]
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The grand finale for the National Lampoon and UltimateBet.com poker championships will be held on November 5th in Las Vegas.
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Leisure & Gaming Plc Leaves US Market
[Thursday, October 26, 2006]
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After the passage of the Unlawful Internet Gambling Enforcement Act of 2006 into US law last week, Leisure & Gaming Plc has announced their decision to no longer accept customers from the US.
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Antigua and Barbuda fight for the right to gamble
[Tuesday, October 24, 2006]
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The Minister of Finance for Antigua and Barbuda, Dr. Errol Cort, returned this week after a visit to the United States. During the visit Cort attempted to persuade US officials to accept the WTO ruling on internet casino gaming, and to comment on the passing of the Unlawful Internet Gambling Enforcement Act of 2006.
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BetUS.com turns vegetable problem into major betting opportunity
[Tuesday, October 24, 2006]
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After the US warned the public to stay away from Spinach due to an outbreak of E.coli this September, many US grocery stores have started to pull other vegetables off their shelves.
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GameAccount is 'Innovation of the Year' at 2006 eGaming Review Awards
[Sunday, October 22, 2006]
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In October 'GameAccount' was recognized as the gambling product showing the most originality and awarded the 'most innovative' prize at the 2006 eGaming Review Awards, which are the 'Academy Awards' of the online gaming industry.
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Firepay is first Online Payment Processor to close doors to US
[Saturday, October 21, 2006]
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Firepay (Firepay.com) is now the first online payment processor to stop doing business between US customers and online casinos. After President Bush signed the bill into law, the site is continuing to allow Firepay customers to make online transactions, or receive payments, from any non-gambling online merchants or their US bank accounts.
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Online Gambling Companies turning to European Markets
[Thursday, October 19, 2006]
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The smaller gambling companies that are not quoted on the Stock Exchanges are continuing to seek varied ways of approaching US customers, despite the provisions of the new Anti-Gambling US law. However the large gambling companies such as Empire Online have made a clean cut and are shifting their attention to Europe. Their particular target is the UK, which has taken a diametrically opposed view to the USA and seeks to regulate the online gambling industry (and gain financially from doing so).
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Sportingbet sells its US operation for one dollar
[Thursday, October 19, 2006]
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British-based Sportingbet announced recently that it had sold its US sports betting and casino business for a symbolic 'one dollar' to Jazette Enterprises Limited (JEL) The buyer will assume all the liabilities of $13.2 million dollars.
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Is Austria Operating a Monopoly?
[Wednesday, October 18, 2006]
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Reuters reported that the European Commission has charged Austria with running a betting monopoly. While Vienna faces the possibility of a court case for their refusal to open the country's gambling market, Austria's finance minister Karl-Heinz Grasser is downplaying the incident.
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Playshare.com Launches Operating Platform
[Wednesday, October 18, 2006]
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A new integrated operating platform was launched yesterday by Playshare.com. The UK public company, PlayShare, operates Pokershare.com and Casinoshare.com, two of their best known sites which allow players to earn more as they play more.
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EiG Convention Brings Together European Online Casinos
[Tuesday, October 17, 2006]
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This week over 1,000 delegates from quality online gambling companies are meeting at the annual European i-Gaming Congress Exhibition (EiG) in Barcelona. The delegates are representing online casinos from all across Europe to celebrate this year's theme, "Coming Together."
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Internet gambling company shares continue to slide
[Monday, October 16, 2006]
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The knives are still out for Israeli Internet gambling company shares. 888.com lost a further 2.8% on the London Stock Exchange following last week's 26% drop. 888's company employees rushed to implement their buying options. Empire Online lost a further 1% after losing 24%. Playtech's share prices remained unchanged, possibly because losing 41% of their value was enough of a downwards shift.
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Bingo Vega & Casino Vega Respond to Legislation
[Sunday, October 15, 2006]
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The legislation recently passed through the US Congress last week bans US financial institutions from working with online casinos. However the Bingo Vega & Casino Vega online casino sites published a statement to reassure their customers that they are staying open for business (for the next 270 days anyway).
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Bet365 Group Accepts New Legislation
[Sunday, October 15, 2006]
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The online casino group, Bet365, has announced that they will no longer be accepting customers who are living within the United States.
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Online Casinos Shift Focus Towards Europe
[Friday, October 13, 2006]
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As the US government takes larger steps towards eliminating online casino gambling in the US, the online casino industry is looking towards Europe to replace the estimated 50% of their customer base. Many countries are welcoming online casinos because of the taxes generated by the online casinos.
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Riverbelle.com Turns to UK Customers
[Friday, October 13, 2006]
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A leader in the online casino industry, Riverbelle.com, announced the launch of a new UK focused online casino, poker and bingo site. The site will provide a user friendly site, with flash games and online tutorials for all of their games.
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GamingPartners.com React to US Legislation
[Thursday, October 12, 2006]
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The GamingPartners.com Affiliate program has issued an official response to the US legislation and assures their customers that they can continue to play at the site until the Federal Unlawful Gambling Enforcement Act is signed into law.
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Cryptologic Announces New Slots Game
[Thursday, October 12, 2006]
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The Toronto based online casino software manufacturer, Cryptologic, announced the signing of a five year contract which gives them the rights to develop an online casino slots version of the popular 3D puzzle game, Cubis.
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Where's the golden path back to the USA?
[Wednesday, October 11, 2006]
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Since the Black Friday of UIGEA 2006 (the Unlawful Internet Gambling Enforcement Act of 2006), the leading online gambling companies and their lawyers have been breaking their heads trying to find a legal way back into the huge US market.
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World Trade Organization wants US to cancel anti-gaming law
[Tuesday, October 10, 2006]
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The balance sheets of European online gaming companies are likely to improve as a result of recent developments in the USA market. The share prices of leading online casino operators nosedived following the USA decision to ban payment to online casinos via credit cards and bank accounts. Now the World Trade Organization (WTO) is set to apply pressure on the USA to repeal the law.
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Fantasy Football Leads to Fantasy Odds
[Monday, October 09, 2006]
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Wives watch out because fantasy sports games are rapidly increasing in popularity. In response, a new online casino site has arrived to post odds on fantasy games. The first ever website to cater to fantasy sports teams, FantasyRivals.com is allowing fantasy team owners to cash in on their fantasy team.
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For Gambling911.com it is Business as Usual
[Sunday, October 08, 2006]
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Although the owners of PartyPoker.com have announced their exit from the US market after the passing of an anti-online gambling bill last week, other sites like Gambling911.com are remaining open for business.
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Noam Lanir of Empire Online: Gambling site shares overpriced
[Tuesday, October 03, 2006]
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Noam Lanir, owner of the Internet gambling site Empire Online, who recently saw his share value on the London Stock Exchange drop by 24%, is unfazed. He says that the price-earning ratio in the market for these kinds of shares was too high in the 9-7 range and should be in the 3-6 range. These developments come as the US Senate is about to pass a new law forbidding US banks and credit card companies from processing online gaming payments originating in the USA.
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USA's Harrah Casino Group has $15 billion purchase offer
[Tuesday, October 03, 2006]
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Harrah's Entertainment, the Las Vegas casino operator running around 40 land-based casinos in the United States such as Caesar's Palace, Ballys and Showboat, has received a $15 billion buy-out offer. If the deal goes through, it will be the fourth largest leveraged buyout in American history. The price tag reflects the market value of Harrah's, which reaches $25.9 billion.
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Internet Gambling sites suffer large losses on London Stock Exchange.
[Monday, October 02, 2006]
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The US Senate has passed a new federal law, the Unlawful Gambling Internet Act of 2006, which will make it illegal for banks and credit card companies to process online gaming payments from the US. The effect has been to remove millions from the share value of Internet gambling sites trading on the London Stock Exchange. 888 Holdings lost 26%, Empire Online lost 24% and Playtech dropped by a huge 41%. Managers of these three companies say that this is a temporary setback and that they will relocate their focus to European and Asian markets.
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| ONLINE GAMES NEWS |
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PokerNews and PartyPoker.com hand out $75 Free to new players
[Sunday, October 22, 2006]
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PokerNews is well placed in the non-USA gaming world, with dedicated web sites for 17 different countries. Now this site is using its geographic placement in cooperation with PartyPoker.com to give away up to $75 free to new players (no deposit needed) coming from the UK, Greece, Japan, Russia, France, Germany and Holland.
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PokerNews starts to talk in Finnish
[Sunday, October 22, 2006]
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In response to the USA closing its doors to online gaming, PokerNews is spreading its wings in other areas. This leading poker site has recently introduced a web site completely in Finnish about poker called PokerNews Finland. This will give local people all the news and information that they want, without asking them to manage in another language.
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JetSetPoker discontinues US services
[Friday, October 20, 2006]
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JetSetPoker has announced the discontinuation of their services to US customers as of Friday, October 13th. After the signing of the bill into law, legal counsel for the site instructed the site to cancel all activities with US customers.
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Progressive Slots $100,000 Win at Lucky Nugget Casino
[Sunday, October 15, 2006]
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A lucky player at the Lucky Nugget Online Casino hit it big this week and won over $100,000 at a progressive slot machine.
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Slotland.com Receives Honors in England
[Saturday, October 14, 2006]
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As the first company to launch real money slot machines for mobile gaming, Slotland.com is being honored at the eGaming's Review awards. At the ceremony held October 9th in London, England, the eGaming Review Magazine presented awards in 16 different categories, representing all aspects of the online gaming industry.
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CompatiblePoker.com prompts US Players
[Saturday, October 14, 2006]
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As online casinos everywhere are closing their doors to US players, CompatiblePoker.com has chosen another path. The online poker room has launched a special Full Tilt Poker bonus code especially for US players looking for online poker action.
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Full Tilt Poker Continues Service to US Customers
[Thursday, October 12, 2006]
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In an official response to the US legislation, Full Tilt Poker announced that they are, "...saddened by these potential regulations, and are doing our best to determine what these changes will mean to our customers." However the site assures customers that their Full Tilt Poker experience will not change until the legislation is made law.
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