Archive for the ‘Online Gambling’ Category

Big drop in US gambling revenue

Posted by Nicolae on July 11th, 2008 under Atlantic City, Casinos, Companies, Gambling industry, Investments, Las Vegas, Online Gambling, Politics, Predictions, Projects, Slots, Studies, Reports & Survey, United States, games
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US gambling revenue dropped  15% in May. In Las Vegas, the percentage is 16.4%. As for Atlantic City, the casinos gambling revenue down 11% in June, comparing with the same month of the last year (a single casino shows an increase in revenue, Harrah’s Resort Casino). In Illinois, gambling revenue was [...]

Barack Obama accused of illegal online gambling

Posted by Nicolae on July 9th, 2008 under Legislation, Online Gambling, Politics, UIGEA, United States
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On the campaign’s national website, Obama ask for donation between $5 and $2300 in exchange of a chance for every donor to be chosen as one of the 10 supporters to meet Barack backstage in Denver.
Tom Barrett, head of the Minnesota Gambling Control Board, consider that this is an illegal raffle and a [...]

No clarification for online gambling

Posted by Nicolae on June 29th, 2008 under Legislation, Online Gambling, Politics, UIGEA, United States
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The House Financial Services Committee voted down a bill, H.R. 5767, that would have prevented federal agencies from issuing rules implementing the Unlawful Internet Gambling Enforcement Act (UIGEA). Lawmakers failed to agree on setting a clear definition of illegal Internet gambling.
Alabama Republican Rep. Spencer Bachus says that “Today’s vote was a [...]

Predictions for the gambling industry

Posted by Nicolae on June 18th, 2008 under Asia, Business, Casinos, European Union, Gambling industry, Investments, Las Vegas, Macau, Online Gambling, Predictions, Research, Sports Betting
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Gambling revenue will grow to $155 billion in 2012 from a 2007 revenue of $114 billion with an annually rate of 6.5 percent per year, says PricewaterhouseCoopers LLP in a report released this week.
Asia, and especially Macau, will be the world’s fastest growing gambling region.
In accordance with this report, the US revenue [...]

France to allow online gambling

Posted by Nicolae on June 12th, 2008 under European Union, Online Gambling
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France accepted the rules imposed by the European Union and will allow online gambling operators starting with the middle of the next year.
Online casino and poker sites will be able to operate gradually, the details will be established soon.