The global gaming market yielded $258.3 billion in 2005. Online gamblingbrought in 5 percent, or $13 billion, according to the United Kingdom-basedGlobal Betting and Gaming Consultants’ 2005 report. Online gambling is oneof the fastest-growing segments of the gaming market at a compound annualgrowth rate of more than 50 percent since 1998. The market is projected […]
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For the third time in 16 years, Ohioans soundly rejected the expansion ofgambling in Ohio, this time routing a racetrack-backed proposal to put slotmachines at the tracks. Voters also approved a ban on smoking in most publicbuildings and rejected a tobacco-backed ban that would have exempted bars,enclosed parts of restaurants and certain sporting venues. An […]
This is supposed to be one of those tight races we suppose but once againthe online gambling community has pretty much already claimed a victory withSheldon Whitehouse (D) of Rhode Island. Not that they would be walking offwith much dough. One needed to wager $15 just to win $2 (in addition to theinitial $15 bet). […]
Britain is leading Europe in its appetite for online betting with the numberof gamblers doubling in the past five years. An independent research reviewreveals that of the 3.3 million regular online gamblers in Europe, one inthree are from the UK. Europe’s regular gamblers stake around £3.5bn ayear – an average of £1000 each.The review, published […]
A Republican-sponsored effort to clamp down on Internet gambling may turnout to be a bad bet for the GOP. The Unlawful Internet Gambling EnforcementAct, which President Bush signed into law Oct. 13, has infuriated manyvoters who enjoy betting on sports or playing poker online, analysts said.Other observers, however, see little threat to Republicans from the […]
Close friends since college days, Akhil Gupta and Sunil Baheti have nevermissed each other on the Diwali (Festival of Lights) night gambling basheseach year, even though they have lived some 13,000 kilometers apart for thepast four years. Every year while Akhil and his other ex-college matesassembled at his living room in Delhi for a few […]
The UK will set itself up as an online gambling haven but will extradite executives to the US if asked, according to Sports Minister Richard Caborn. The US effectively banned online gambling with a new law earlier this year, and Caborn and Culture Secretary Tessa Jowell outlined plans to welcome internet gambling companies to the […]
A magistrate released the Casino Royale from federal court control Thursday. The ship’s owner settled claims from crew members, who obtained a court order for federal marshals to seize the vessel last week. The ship has been docked at Tampa Bay Shipbuilding & Repair Co. since April, while owners try to get U.S. Coast Guard […]
Just a week after the La New Bears popped champagne bottles to celebrate their winning the Taiwan pro baseball title, local fans and the sports community are stunned by allegations that underground gambling syndicates may have tried to influence game results with threats, bribes and large payoffs. In a dramatic development on Thursday, the champion […]
Hong Kong- Police have arrested eight men and seized betting records totaling 1.4 million US dollars following a raid on a triad-controlled gambling gang, a media report said Friday. Investigators believe the gang hired overseas accomplices to watch European football matches and phone the gang every time a goal was scored. This enabled syndicate members […]
A Republican-sponsored effort to clamp down on Internet gambling may turn out to be a bad bet for the Republican Party just days away from congressional elections. The Unlawful Internet Gambling Enforcement Act, which President George W. Bush signed into law Oct. 13, has infuriated many voters who enjoy betting on sports or playing poker […]
For eight years, the state’s growing gambling industry has faced a staunch opponent in the governor’s mansion. Gov. Jeb Bush has never hidden his disdain for gambling, including his fight against adding Las Vegas-style slot machines at Broward County pari-mutuel facilities. State and Broward voters approved the machines, however, and he grudgingly signed the law […]
Richard Caborn chaired this week’s international summit on Remote Gambling which took the island’s industry as an example of how the sector could be efficiently regulated. Home minister Mike Torode and legislative and administrative coordinator Elizabeth Dene were among delegates from over 30 jurisdictions at the summit at Ascot racecourse. It was hosted by UK […]
Online gambling operator gambling.com is reportedly looking to accelerate its international expansion strategy outside of the US, following the release of figures which highlight a year-on-year tax profit growth of 400 percent to £2.5 million in the year to September 2006. Gambling.com‘s parent company Media Corporation plc has targeted accelerated international expansion, outside the US, […]