Posts Tagged ‘Online Gambling’

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 [...]

Betfair

Posted by Nicolae on June 24th, 2008 under Betting exchange Guide, Companies, Sports Betting
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Betfair

Type
Betting exchange

Genre
Online gambling

Founded
2000

Founder
Andrew Black and Edward Wray

Headquarters
London, United Kingdom

Website
http://www.betfair.com/

Betfair is the world’s largest Internet betting exchange. The company is based in Hammersmith in West London, England.
Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest bet exchange in the world. [...]

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 [...]