New UK Gambling Bill approved by Parliament

Gambling Intelligence – The UK government’s bill to regulate online gambling on a point-of-consumption basis was approved Tuesday in the House of Commons. The Gambling (Licensing and Advertising) Bill amends the Gambling Act of 2005 by requiring all British-facing remote gambling operators to hold a licence from the Gambling Commission, irrespective of where the gambling operator or equipment is located. SOURCE

How Poker Became a Crime

Reason – After Congress passed the Unlawful Internet Gambling Enforcement Act in 2006, experts disagreed about the extent to which it affected the legal risks facing businesses that dared to let Americans place bets online. The law created a new federal crime, punishable by up to five years in prison: accepting money in connection with “unlawful Internet gambling” while “engaged in a gambling business.” But it left the definition of unlawful Internet gambling as fuzzy as ever. Of particular relevance for the protagonists of Straight Flush, Ben Mezrich’s gripping, fast-paced account of Absolute Poker’s rise and fall, the Unlawful Internet…

The UK’s biggest casino seeks the world’s smallest doormen

Press Release – The UK’s biggest casino, the London Hippodrome, risked controversy last week with its advert in The Metro seeking Door Dwarfs – to work as bouncers at the casino’s new entrance. The casino reopened its doors in July 2012 and now welcomes 35,000 visitors a week. Of course, UK residents have no real need to go to a land based casino as they can gamble online at a huge number of different casino sites. But while the convenience of online casinos will doubtless be the main attraction for people who decide to play roulette with 32Red and the…

Sheldon Adelson ‘Willing To Spend Whatever It Takes’ To Stop Online Gambling

Forbes – Sheldon Adelson, the nation’s 11th richest person and chief executive of casino company Las Vegas Sands LVS +0.7%, says he is determined to stop online gambling in America and he will go to great lengths to battle the corporate interests pushing for it.  “I am willing to spend whatever it takes,” Adelson said in his first interview since The Washington Post revealed that he had hired an army of lawyers and lobbyists to try to convince Congress to ban online gambling. “My moral standard compels me to speak out on this issue because I am the largest company…

Nigerian online gaming platform announces Nokia partnership

iGaming Business – Nigerian online gaming platform Kuluya has entered into an exclusive partnership with Nokia to launch new games on the mobile telephone manufacturer’s Asha and Lumia devices. According to the ApplauseAfrica.com news website, the two companies have joined forces in an effort to connect with Africa’s online gaming community. Kuluya currently has 65 online titles available to various African markets, including Ghana, Senegal and Kenya. “We know that gaming will explode across the continent of Africa, just as it has in the West, usurping other forms of entertainment to become a multi-billion dollar generating industry,” Kuluya’s chief executive…

OPAP reports further drop in profits

iGaming Business – Greek gambling monopoly OPAP has cited new national tax laws and an ongoing recession in the country as the reasons behind a further drop in profit in the third quarter of 2013. OPAP, which was recently sold to Czech-Greek fund Emma Delta, posted third-quarter net profit of €44.4 million ($59.9 million), a 61% year-on-year fall, despite being higher than analysts’ average forecast of €37.2 million. The company said that a new 30% tax Greece had placed on gross gaming revenue had led to a major impact on results this year. However, OPAP was able to record a…