From Chicago Tribune Buried more than 400 pages into the 524-page gambling expansion bill that would bring a casino to Chicago are directions for splitting some of the state’s take to create new ways to pay for the pork-barrel projects politicians covet. Money from the new casinos and slot machines at horse racing tracks would be steered to a new “depressed communities economic development fund,” a “Latino community economic development fund,” grants to the State Fairgrounds and county fairs, funding for equine research, soil and water conservation, cooperative extension services and an annual grant to the Chicago Botanic Garden. Other…

New Jersey casino gaming is not exactly booming, but Atlantic City online gambling may offer some hope. For six consecutive years, revenue there has been on a steady decline. Its newest casino, the $2.4 billion Revel, just exited from Chapter 11 bankruptcy. And to top it all off, last fall the city, along with the rest of the New Jersey coastline, was slammed by Hurricane Sandy, from which the region is still trying to recover. Prognosis for AC is good, according to Wall Street analysts  Last week the East Coast Gaming Congress was held, and it was there that a…

When Seth Palansky gets questions about Caesars Interactive rolling out WSOP online poker in Nevada, he inevitably mentions patience. That’s the virtue the company cited when Station Casinos rolled out its Ultimate Poker website last month, becoming the first fully legal real-money gambling program to launch in the United States. “But being first didn’t matter…”, said a spokesman for Caesars Interactive. “There’s got to be a little patience,”. Caesars is now preparing to launch a fully functional WSOP.com during the 44th annual World Series of Poker to perhaps become the second website in Nevada to offer real-money poker tables. And…

From iGaming Business Online gambling operator 888 Holdings has signed a contract extension that will see its 888 Poker brand continue to serve as the title sponsor of the men’s developmental PGA EuroPro Tour golf tour for another year. Established in 2001, the PGA EuroPro Tour is a partnership between the Professional Golfers’ Association (PGA) and promoter Matchroom Sport and has become a fertile breeding ground for players seeking to reach the top of the game. “Last year’s PGA EuroPro Tour was a great success for our poker brand and offered our online player’s access to the prestigious PGA Tour,”…

From Press of Atlantic City A former gambling regulator from Malta regarded as an expert in online gambling development has been selected to help New Jersey implement Internet wagering by the end of the year. The announcement, made by New Jersey Division of Gaming Enforcement Director David Rebuck at the East Coast Gaming Congress on Wednesday, came during a day of speakers who focused heavily on the impact Internet gambling could have on the state and Atlantic City’s casinos. A panel of Wall Street experts touted online gambling as the development that could finally turn around the Atlantic City market’s…

From Pokerati A news report from The Register this past Monday suggested that Canadian anti-money laundering and financial crimes regulations and disclosures will not apply to bitcoin exchanges in Canada. This was based on letters apparently received by some exchanges from the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC). I have not seen the letters, but today I confirmed this position with a spokesperson for the FinTRAC. This posture presents an exciting opportunity for bitcoin exchanges that the Financial Crimes Enforcement Network (FinCEN) recently confirmed are subject to registration, monitoring, and reporting as money services businesses and money transmitters in…