State Duma deputies unanimously gave tentative approval Wednesday to a billthat would tighten the screws on gamblers and ultimately ban gambling exceptin four special zones from 2009. But the legislation — criticized forclumsy wording and prohibiting activities such as betting on friendly cardgames in private homes — is widely expected to undergo drastic changesbefore it […]
Category Archives: Gambling News & Events
The fate of a stalled plan to bring the largest video gaming parlor in thecountry to Queens could rest in the hands of Governor-elect Eliot Spitzer.The 4,500-Video Lottery Terminal parlor was set to open this year atAqueduct Racetrack in Ozone Park, but is now on indefinite hold after thetrack’s owner declared bankruptcy.“The delay in approving […]
The Unlawful Internet Gambling Enforcement Act of 2006 won’t stop onlinegambling but it will cause consolidation in the industry and a furtherexample of this was announced today as Bodog is now the proud new owner ofBetcorp’s operating subsidiaries. Bodog agreed to buy out Betcorp for areported $9 million. Betcorp operated the highly successful onlinesportsbook BetWWTS.com […]
The gambling bill submitted by President Vladimir Putin in October spellsout really tough measures. The idea is moving all gambling houses of Russiato four special zones by January 1, 2009. The zones are to be created byJuly 1, 2007. Moreover, the gambling houses with assets below 600 millionrubles won’t survive at all.But the bill is […]
Internet gambling sites saw a drop in traffic last month as President GeorgeW. Bush signed a measure aimed at banning most online wagering in the U.S.Measurements of online traffic by Nielsen/NetRatings show that the number ofunique U.S. visitors to any of 10 Web sites tracked dropped 56 percent fromSeptember. Nielsen/NetRatings said the decrease followed a […]
In an interview with the publication WWMT this week Professor Bill Eadingtonof the Institute for the Study of Gambling and Commercial Gaming says thatthe publicly traded companies from the UK have become very significantplayers in the business and this has increased integrity and trust levels inthe industry in general. WWMT points out that growth estimates […]
There is serious talk that a new riverboat casino may be coming toKentuckiana. But while riverboat gambling has the approval of Clark Countyvoters, it still faces opposition up and down the Ohio. WAVE 3 InvestigatorEric Flack has more. Officials say it’s not a matter of “if” riverboatgambling is coming to Clark County. “I think it’s […]
The CEO and president of the American Gaming Association, Frank Fahrenkopfsounded a positive note on the wider industry this week in an interview withReuters news agency on the political changes arising from the recent USmid-term elections. The top gambling executive said that the newDemocrat-dominated Congress will put pro-casino politicians in keyleadership positions as the American […]
Churchill Downs Inc.’s chief financial officer said Monday that theracetrack company would fare better in its efforts to pursue expandedgambling in Kentucky if Democrats were in charge of state government. “I don’tthink anything will happen, first of all, until there’s a change in thegubernatorial situation,” said Mike Miller, the racetrack company’sexecutive vice president and CFO. […]
CENTREBET chairman Graham Kelly yesterday questioned whether the new USinternet gambling laws would be enacted under a new Democrat-led Congress,after he indicated that the company might exceed its 2007 financial yearforecast. Speaking at the company’s first annual general meeting sincelisting in July, Mr Kelly said that trading had started “strongly in FY 2007for the four […]
An outspoken gambling critic who will be featured in an upcoming BritishBroadcasting Corp. news program on Internet gambling also is working to keepthe multistate lottery out of Wyoming. But lottery supporters say playersare already driving to other states to bet their dollars, and public opinionsupports bringing a lottery to Wyoming. Retired dentist David Robertson ischairman […]
The American Gaming Association’s board of directors will meet next month toconsider whether to lobby the next [Democrat-controlled] US Congress toestablish an independent research study of Internet gambling policy. “Theboard will consider whether or not to support legislation in the newCongress calling for an independent study of Internet gambling to see if itcan be properly […]
Online gambling group 888 Holdings PLC, which is in talks with bookmakerLadbrokes about a possible sale of the business, said Tuesday that netgaming revenue at its non-U.S. operations rose 20 percent in the thirdquarter. Income from non-U.S. business rose to US$38 million (?29.6 million)in the three months through Sept. 30 compared with US$32 million in […]
Dow Jones Newswire reports that against a background of full hotels and aninflux of gambling industry bosses, the absence of online gambling will benoticed at the Global Gaming Expo this week. Commenting on the absence ofonline gambling at the AGA conference, Dow Jones says that it is one sourceof possible growth that the big names […]