Steve Wynn eyes New Jersey Internet gambling

Press of Atlantic City – One of the casino industry’s biggest names appears eager to participate in New Jersey’s emerging Internet gambling market, even though he labeled Atlantic City as “the enemy” only seven months ago. Las Vegas gambling mogul Steve Wynn’s Wynn Interactive LLC becomes the latest outfit hoping to grab a piece of the action when Internet gambling is scheduled to begin Nov. 26 on Atlantic City slot machines and table games. Dozens of companies have filed applications with the New Jersey Division of Gaming Enforcement for Internet gambling licenses. The division has declined to name them until…

Officials plan to use film to push Internet gambling regulation

Casino City Times – Gaming leaders are looking at leveraging the release of a feature film that depicts the seedier side of illegal Internet poker to raise awareness of the need for proper regulation of online wagering. American Gaming Association (AGA) President Geoff Freeman, in an e-mail to the organization’s board of directors last week, said the October 4 release of “Runner Runner” presents the Washington, D.C.-based lobbying group an opportunity to state its case for Congress to pass regulations governing Internet gaming in the U.S. The movie, which stars Ben Affleck and Justin Timberlake, centers on illegal offshore Internet…

CVC Capital Partners buys Skrill

iGaming Business – Online payment processor Skrill, a partner of numerous sportsbetting companies, has been sold to private equity group CVC Capital Partners. Bahrain-based investment vehicle Investcorp said that it had agreed to sell Skrill for €600 million ($800 million). CVC has acquired a 75% stake in Skrill, with the deal being funded by about €250 million of equity as well as debt financing provided by Credit Suisse, RBS and Jefferies. Investcorp, which invested €105 million for a controlling stake in Skrill – formerly called Moneybookers – six years ago, will retain a “substantial minority position” and a seat on…

Betsson & Mr Green Partner with Swedish Payment Provider

iGaming Business – Betsson and Mr Green have become the first high-profile gaming operators to strike partnerships with PugglePlay, a Swedish start-up payment solutions provider that allows players to deposit amounts using their mobile phone numbers. According to the Casinos-online.co.uk website, the invoice-based solution for the Swedish online gaming market enables customers to enter their telephone number and an SMS code to complete a purchase. PugglePlay was founded in 2012 by Kristofer Ekman Sinclair and Johan Friss, who both boast gaming experience having worked for payments firm Klarna and online gaming company Betsson respectively. White label service provider Plus-Five also…

Atlantic City’s losing streak: More states compete for gambling revenue & jobs

Washington Post – The billboard hard by the Atlantic City Expressway is supposed to speak for a single casino, not an entire company town. But Revel Casino Resort’s marketing slogan resonates loudly throughout this struggling seaside resort. “Gamblers Wanted,” it says. And how. Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now,…

London Affiliate Conference to Earls Court for 2014

iGaming Business – The London Affiliate Conference (LAC), now in its eighth year will be taking place in London on the 6th – 9th February 2014. Conference organisers, iGaming Business, have today announced that the conference will be moving to a new venue for 2014, the Earls Court Exhibition Centre in London. Last year, the event was a huge success with over 3,000 people in attendance – the biggest London event to date. And this year, to accommodate for the increased number of delegates and exhibitors, the conference has had to move to a bigger venue. Earls Court Exhibition Centre…