“Gambling Software Firm Cryptologic's Q1 Profit Jumps to US $4.8 M from US $3.8M”
Earnings for CryptoLogic, a software developer for Internet gambling, jumped one million dollars, from 3.8 million dollars a year earlier, to 4.8 million dollars in 2005. CryptoLogic attributes its success to its strong focus on the online casino and online poker markets.
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“Online Gambling Site Bodog.com Hosts Indy 500 Beauty Pageant and Parties”
In a publicity stunt intended to boost its visibility, Bodog.com, one of the most popular online casino and betting sites in the U.S., plans to host the "Miss 500 Hawaiian Tropic Pageant" for the Indy 500 event as well as a beach party. Bodog.com also has plans to co-host a tent party with Budweiser.
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“Online Gambling Gets a Turbo Boost with Casino Man Power Tools”
CasinoMan.net, one of the leading online gambling portals, is in that leading position because its focus is on content and not the site. Unlike most other sites for gambling portals, which utilize a Las Vegas style format of bright colors and lots of advertisements, CasinoMan.net maintains a low-key style so that readers can actually read what is posted on the site without feeling overwhelmed by all of the other headlines.
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“China Hits Net Gambling Hard”
In China’s ongoing effort to stem the growing Internet gambling trade within the country, Chinese law enforcement agencies detained more than 1,300 people in Shanghai involved in Internet gambling.
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“China Uses Article 303 to Crack Down on Land-Based and Online Gambling”
While the U.S. has clearly taken the position that Internet gambling is illegal, with but a few exceptions, law enforcement agencies have been rather lax about prosecuting offenders, at least they have been lax compared to the Chinese government.
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“College Poker: Not Gambling, it's 'Scholarship'”
College Poker Championships are gaining the interest of an increasing number of college students, as evidenced by the 25,000 students across the United States that participated in the College Poker Championship competition. That number exceeds the number of participants in last year’s competition by 10,000.
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“Plan Could Cripple Net Horse Betting”
Senator John Kyle of Arizona has decided to response to the World Trade Organization’s recent decision on the case brought against the U.S. by the tiny nation of Antigua, by introducing his own bill on Internet gambling. Kyl’s bill, titled “The Unlawful Internet Gambling Enforcement Act”, is a response to the WTO’s ruling that U.S. Internet gambling policy is in violation of the General Agreement on Trades in Services.
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“ CYOP Systems to License Online Poker: Company to Launch Subsidiary Licensing Arm in United Kingdom ”
CYOP Systems, a software company that develops and provides online skill-games, poker games, and a variety of services for the online gambling industry, has announced the formation of a UK based subsidiary, Red Felt Software Ltd.
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“Don't Bet on It: Tracks Decry Offshore Derby Gambling”
In an attempt to compete with the online gambling industry, lobbyists for the Bay State’s racetrack businesses have been pushing for years for slot machines, but they have, thus far, been unsuccessful.
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“Online Casino Marketing Company Issued for $1,000,000,000”
It seems that the online gambling industry is always in the news nowadays and one of the biggest newsmakers in the industry currently is the online casino company, Empire On-Line. Empire On-Line is considering going public on the London stock exchange and it is expected that the issue for the company will be for one billion dollars.
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“France Set to Allow Online Casino Gambling”
Even though online gambling is quite popular in the United States and has been for quite some time, legislation in Europe and the United Kingdom regarding the online gambling industry is progressing much faster than it is in the U.S. Internet gambling has been popular in both France and England for several years now and both countries exhibit a high rate of participation at Internet gambling sites.
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“Gambling Law Update”
For the past several years now, there have been numerous attempts by different lawmakers to push through Internet gambling prohibition measures, but these attempts have been met with minimal success.
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“Online Poker Software Deal Signed Between Gambling Federation (GFED) and Tribeca Tables”
Gambling Federation, (GFED), an online casino company, has recently entered into an agreement with Tribeca Tables, a software company for online poker sites.
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“GWIN Inc. Signs Letter of Intent to Enter International Online Poker Business”
The CEO of GWIN Inc. the only publicly traded sports handicapping company in America, announced just recently that GWIN has signed a letter of intent with Live Cast Media, LLC (LCM) to enter the online poker business together.
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“Hot Hands: The Surge of Online Poker”
Since its onset, online gambling has demonstrated consistently impressive growth and this is particularly evident in the last six months thanks, in part, to the resurgent fascination with the game of poker.
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“Internet Gambling Bets on Cellphones”
Because of the U.S. government’s hard line position, which states that Internet gambling is illegal, the U.S. is incurring all of the negative consequences of the Internet gambling craze and none of its benefits.
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“Online Betting Platform BetBug.com Not Intimidated by Kyl Bill”
The 1960s Wire Act has been the key piece of legislature that the U.S. Government cites concerning its position that online gambling is illegal and it has been this law that government officials have used in order to prosecute those in the online gambling industry.
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“Online Casinos Contribute to Waning Popularity of Mssachusetts Racetracks”
As with racetracks across the country, racetracks in Massachusetts are feeling the crunch from the competition with the online casino industry. While online betting continues to grow in popularity, the popularity of traditional brick-and-mortar racetracks continues to decline.
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“Conference For Multi-Platform Gambling Industry”
The first Multi-Platform Gambling Forum will be hosted at the Royal Garden Hotel in London on June 28 th and 29 th of this year. The forum, organized by key players in the gambling industry, decided that such a forum was necessary because of the rapidly diversifying nature of the industry.
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“Next Up in the Poker Craze? It's in Your Hand”
As if using your computer to gamble online weren’t enough, now anyone with a decent cellphone can play cellphone poker. Once upon a time, if you wanted to gamble you had to drive out to Las Vegas or Atlantic City and play at the card tables and slot machines on the casino premises.
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“Online Betting Ad Draws Scrutiny”
In spite of the WTO’s recent ruling, the U.S. is not easing up on its prohibition against online gambling. In fact, the U.S. is continuing to pursue a policy that penalizes any company or organization that does business with online gambling companies.
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“Online Gambling Portal the First to Guarantee Player Deposits up to $1000”
Many gamblers refrain from trying out their hobby online because they fear that online casinos may be illegitimate or out to commit fraud. The online gambling portal, Online-gambling-insider.com, well-aware of this fear, is attempting to eliminate it as an obstacle to playing by offering to guarantee deposits made at casinos for up to $1000.
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“Red Sox Gamble with Ads: Sponsor Promotes Online Wagering”
Amidst all of the ongoing controversy surrounding online gambling, the Boston Red Sox have entered into a contractual agreement with a Gibraltar-based company that runs Partypoker.com, one of the world’s top offshore Internet casinos.
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“Sportsbook.com Launches es.sportsbook.com En Espanol”
Sportsbook.com, the world’s largest online sports book and casino, just this week launched Sportsbook.com En Espanol. As the name suggests, the Sportsbook.com En Espanol site caters to America’s Hispanic population, which is estimated to be at approximately 40 million.
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“Online Sports Trivia Game Has a Local Link”
TriviaShootout, a new online trivia game offering cash prizes of up to $5,000, is the first of its kind, according to the man behind the game, Bruce Kallenberg. Kallenberg, a resident of Aspen, Colorado, has partnered with ESPN.com to produce the game and bring it to sports fans. Sports fans, Kallenberg claims, also tend to be gamblers.
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“Internet Gambling Stocks Boast Remarkable Growth”
While there can be no denying the mushrooming popularity of online gambling, there are some who believe that the rapid growth of the online gambling industry is bound to peter out soon, arguing that its record growth cannot not be sustained for long.
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“Texas Excludes Online Gambling Measure from Budget Plan”
Many state governments are taking notice of the rapid growth of the Internet gambling industry and, with it, the tremendous revenue generating potential it promises. As a result, some state legislatures have tried to adopt measures that would make Internet gambling a legal activity.
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“Online Gambling - The Next US-EU Trade Argument”
While the U.S. government seems determined to maintain its policy that Internet gambling is illegal, Britain, hoping to profit too from the billions being made in the online gambling industry, are heading exactly in the opposite direction and plan to make online gambling legal.
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“Gambling Law Update”
When the initial World Trade Organization’s (WTO) ruling on the case brought against the United States by the nations of Antigua and Barbados required clarification, the case went to the appellate body of the WTO for an additional ruling.
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“Youbet.com of California gets Washington Horse Betting License”
As racetracks across the country continue to suffer financial losses as a result of the rising popularity of Internet gambling, the state of Washington has found a way to help the racetrack industry take advantage of Internet gambling instead of take a beating from it.
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