Gambling in India is a restricted activity. At present, the land-based gambling operations of horse racing, trackside at meetings and casino gambling are only permitted in the states of Goa and Sikkim. With regards to online gambling, neither the Public Gambling Act nor the IT Act of India specifically prohibit online gambling but it is considered to be ille […]
Back at the end of August 2009, we ran a news article on the situation with BetOnSports.com founder Gary Kaplan. Kaplan was extradited from Dominica back in March 2007 on charges of violating the RICO Statute and violating the Wire Wager Act of 1961, during the course of running his company, BetOnSports.com, which ceased trading in 2006, owing its customers […]
Gibraltar-based Austrian online gambling provider bwin and La Liga Portuguesa de Futebol Profissional (Portuguese Professional Football League [LPFP]) recently brought a suit to the European Court of Justice against Santa Casa da Misericórdia de Lisboa, who currently operate the only state sanctioned online and offline betting facilities in Portugal. Bwin an […]
CTXM has developed 2 new 3d slots games to complement its Freaky Slots family. The new games are Freaky Wild West and Freaky Gym, which are both animated on all levels of play. They will be launched at during the European iGaming Expo this month in Copenhagen.
On 31 August 2009 the The Walt Disney Company (NYSE:DIS) announced its intention of acquire Marvel Entertainment, Inc. (NYSE:MVL) in a stock and cash transaction. The proposed acquisition has already been approved by the Boards of Directors at both Disney and Marvel, but there still needs to be approval of the transaction by shareholders in Marvel Entertainm […]
Noone would expect profit drenched financial results from any company in the first half of 2009. Losses are expected in a global turndown and the question of how well a company is run no longer focuses on profits, but instead looks at how well a company mitigates its losses and whether it even manages to stay in business at all!
PartyGaming are fulfilling their promises of acquiring yet another company, subsequent to their takeover of Cashcade back in July. PartyGaming are set to buy substantially all of the operating assets of World Poker Tour Enterprises Inc., with exception to the cash, investments and certain excluded assets.
The "big boys" of Europe's online gaming industry are publishing results for the first half of the financial year. 888 Holdings Plc have just released their figures and so too have Victor Chandler. PartyGaming are releasing their results at 9.30am tomorrow (28th August) and one would have thought that they would be coming out smelling of roses […]
BetonSports plc set up shop back in 1995 setting up bases in Aruba, Antigua and eventually Costa Rica, with the aim of to soliciting U.S. citizens to make sports wagers (either over the telephone or on the Net) funded by their US bank accounts. By 2006 it was one of the biggest online gambling companies with a turnover more than $1.8 billion annually.
Agence France Presse has announced that Douglas Rennick, a Canadian resident, has been indicted in the Southern District of New York, on charges of bank fraud for misrepresenting and disguising transactions between his companies, gambling companies and US resident online gambling winners.