California Lottery Reports Record High Revenue

by October 30, 2014

2014 is going to be the fifth successful year in a row for the California Lottery. The company reported that it managed to surpass the $5 billion mark in sales for the first time in its history.The increase in revenue has been steady for the past five years, with a 13% for 20 ...

Annie Duke Makes a Statement on Facebook About the Ultimate Bet Cheating Scheme

by October 30, 2014

The online poker operator Ultimate Bet was accused of cheating and ripping off its users, after a record of the fraudulent activities was made public.Cheating in gambling and especially through online platforms has been one of the hot topics in the gambling industry. The scan ...

Alex Dreyfus Talks on How Poker is Becoming a Mainstream Sport

by October 29, 2014

In an international conference organized by GPI owner Alex Dreyfus, world marketing leaders of the sports and poker industries gathered to see talks and presentations of experts from the European Poker Tour, the World Poker Tour as well as the Global Poker Index.Major media a ...

Cozy Games to be the First iGaming Operator to Accept Digital Currencies

by October 27, 2014

The online gambling operator Cozy Games made an unorthodox decision in order to make up for the financial losses it is to face after the 1st of December, when the new 15% Point of Consumption bill will be implemented for online operators in the United Kingdom.Cozy Games has r ...

Jean-Robert Bellane May Lose $70k in a Prop Bet with Bobby Baldwin

by October 26, 2014

More than two months ago, the 2014 One Drop attendee Jean-Robert Bellande announced that he has accepted a prop bet to lose weight. The deadline is the 1st of November and there isn’t much time left.That is why Bellande called for help from his Twitter followers, asking ...

Ladbrokes Reports Positive Revenue for Q3 of 2014, Investors Still Have Doubts

by October 25, 2014

The UK-based gaming operator Ladbrokes has been struggling to reach positive revenue results for the past few years. The third quarter of 2014, however, brings new hope to the company as it shows a 13% increase in revenue.The chief executive officer of the company, Richard Gl ...

NOVOMATIC Signs a Deal with the National Lottery of Israel

by October 25, 2014

It has just been announced that the NOVOMATIC Holding, an internationally recognized producer of numerous gaming solutions, inked a deal with the National Lottery of Israel, officially referred to as Mifal Hapayis.The contract’s duration is seven years, and under it NOV ...

Stock Buybacks of Las Vegas Sands Represent up to 95% of Its Revenue, Is a Major Inflation Nearing?

by October 24, 2014

Las Vegas Sands has been repurchasing stock back to its shareholders for the past four years. The numbers speak for themselves: an overall of $7.1 billion spent on repurchasing programs.There is also another repurchase program planned for 2015 which will cost another $2 billi ...

New Jersey Authorities to Decide Whether Monmouth Park Should Offer Sports Betting

by October 23, 2014

Representatives of both professional and college sports leagues in New Jersey have been fighting against the state’s legislation, which allows gambling operators to offer sports betting, for quite some time.Last Tuesday, they requested the court to place a temporary res ...

Is there Light at the End of the Tunnel for Macau’s Gambling Revenue in the Third Quarter?

by October 23, 2014

The revenue decline of Macau casinos continued for fourth consecutive month. According to statistics and analysts expectations, October may become the fifth straight month of revenue decline.The Gaming Inspection and Coordination Bureau issued a report last week stating that ...

South Korea’s Jeju Island Looking to Implement Gambling Regulations Similar to the Singaporean

by October 21, 2014

Jeju Island’s authorities have long been working on making the island a world-class tourist and entertainment destination. It is part of South Korea, takes more than 1,800 square kilometers of land and has over 600,000 citizens.The island’s Governor, Mr. Won Hee-ryong, showed ...

Five Suspects Arrested for Accepting Illegal Bets In Paterson City Locations

by October 21, 2014

A Passaic County sheriff has recently announced that five people were arrested in the city of Paterson, New Jersey. The accusation was for illegal gambling in three locations in the city. After the police raid, over $5,000 were confiscated from the premises.Paterson is the th ...

Borgata Use the Crockford’s Case to Gain Advantage in Their Case Against Phil Ivey

by October 21, 2014

If Phil Ivey thought that his nightmare would end with the closing of the Crockford’s Casino case, he could not have been further from the truth.The joint venture between MGM Resorts International and the Boyd Gaming Corporation – Marina District Development Company, which ma ...

United States Authorities Still Pursue Calvin Ayre for Illegal Online Gambling Payments

by October 20, 2014

Federal Prosecutors from Maryland have announced that they are still working on the deportation of the online gambling magnate – Calvin Ayre. Calvin Ayre is accused of operating an illegal gambling business as well as participating in money laundering activities. He is said ...

Bwin.party Q3 Report Shows an Increase in Sports Betting and a Decline in Poker Revenue

by October 19, 2014

The world’s largest publicly traded online gambling firm, bwin.party digital entertainment plc, has shown signs of improvement after a year of revenue decline. Last Thursday, it released its interim report for the third quarter of this year, stating a revenue increase of 2 ...