AP – Morgan Stanley lowered its estimate of the U.S. Internet gambling market on Tuesday to $3.5 billion by 2017, down from a previous forecast of $5 billion. The Wall Street firm cited worse-than-expected technical issues in its projection, but said it’s optimistic about the new industry’s long-term prospects. It forecast an $8 billion market by 2020 compared to its initial $9.3 billion estimate. “While we remain bullish on the online gaming opportunity in the U.S., we are lowering our estimates to better reflect the insights we have gained following the first few months of operations in New Jersey, Nevada…

iGaming Business – The Alderney Gambling Control Commission (AGCC) regulatory body has signed a Memorandum of Understanding (MoU) with Early Warning System, a subsidiary of the Fifa international football governing body. The agreement has been activated ahead of this summer’s 2014 Fifa World Cup national team tournament. The MoU is based on an ongoing close co-operation for the early detection of suspicious activities in sport betting, which can serve as an indicator for match-fixing. The cooperation will include the exchange of relevant betting information to support the analysis of odds movements and investigations into suspicious football events. As part of…

Channel News Asia – The opening up of new casinos or integrated resorts in North Asia is unlikely to cannibalise the gaming industry in Singapore. Analysts Channel NewsAsia spoke with say the success of casino resorts in the city-state will continue to drive demand for similar services in other parts of Asia. First, Genting Singapore announced its entry into the Korean gaming market via a US$2.1 billion investment in Jeju together with a Chinese property developer. Then came property developer OUE and its project for an integrated entertainment resort in South Korea. The project valued at about 855 billion won,…

Huffington Post – One of Republicans’ top fundraisers is bringing on a former Democratic senator as a lobbyist for his casino. Roll Call reported Friday that Sheldon Adelson has hired the Lincoln Policy group, Blanche Lincoln’s government consulting firm, to lobby for his Las Vegas Sands corporation. Politico adds that the Lincoln move is to help Adelson with his campaign against online gambling. Back in December 2013, Forbes reported that the casino mogul said he will do “whatever it takes” to stop the Internet dealings. Lincoln served in the House from 1993-96 and Senate from 1999-2010. She ran for reelection…

Business Weekly – Global gaming technology business Quixant is scaling up fast in the US and other global markets from its Cambridge UK headquarters as it pours record levels of cash into new product development. CEO Nick Jarmany said there was significant headroom for technology upgrades and the opportunity for major expansion in new territories on the back of a strong set of maiden AIM results for the year to December 31. Quixant described 2013 as a transformational year for the business and its current order book is more than double the March 2013 level. Jarmany predicts another strong year…

The Guardian – New South Wales is second only to Nevada as the most gambling machine-packed state in the world, according to a new report. The World Count of Gaming Machines report, released by Australia’s poker-machine lobby group, the Gaming Technologies Association (GTA), has found the total number of gambling machines in Australia increased slightly in 2013 to 198,418. More than 95,000 of those “pokies” are in NSW, a state total beaten only by Nevada, which operated 181,109 gambling machines in 2014. Australia has the sixth highest number of gambling machines in the world, the report shows, with Australian pubs,…