Poker News – While Norway keeps working towards the introduction of a new gambling law, a report from the University of Bergen provided authorities with interesting data about poker and problem gambling. According to a survey conducted by the institute on a sample of 10,000 people, poker is one of the “safest” games in Norway, even if people think that a new piece of legislation should explicitly include limitations on losses and on gambling advertising. Trying to understand which gambling games are the more “dangerous” for people at risk of problem gambling and compulsive gambling behaviors, researchers found out that…

Poker News – According to a report by GamingIntelligence, bwin.party CEO Norbert Teufelberger and former bwin CEO Manfred Bodner have been acquitted of Internet gambling charges in France. Last month, Teufelberger and Bodner were charged with violations that dated back more than a decade when the online gambling group offered betting services to France’s citizens. The charges included violating French law by offering iGaming products and receiving bets on sporting events and horse racing, as well as advertising to French players between 2003 and 2005. Although the original complaints by French monopoly operators La Française des Jeux (FDJ) and Pari-Mutuel…

Forex Magnates – Within the retail review column of our Q4 2013 Forex Industry Report, a section was titled “Evolve or Die”. The section of the column discussed that much of the forex industry was struggling with a multi-year decline in volatility, and brokers are being forced to be innovative with their offerings, stating: “While the previous decade was rich in volatility, and nearly any market maker could put their stick in the ground and strike oil, current trading activity has made it a much more difficult environment for brokers. Market-making is still viewed as a profitable business, but more…

iGaming Business – Online gaming provider Greentube is to launch its private-label social casino marketing platform in the US as part of a move to strengthen its presence in the region. Greentube Pro, a business-to-business marketing platform, will allow land-based casinos in the US to stay connected to players and for players to stay connected with the casino brand through online social casino gaming. The company described the new platform as a ‘powerful player retention and acquisition tool’ that protects the casino’s player database. Greentube said that what sets its platform apart from others is its ‘altruistic’ approach to player…

Deutsche Bank AG is cutting itself free of The Cosmopolitan Casino of Las Vegas, a resort and casino, saying it’s selling the swanky but unprofitable high-rise complex on the Strip to Blackstone Real Estate Partners VII for $1.73 billion. The German investment bank said in a statement Thursday that the cash deal remains subject to regulatory approvals. The bank had intended to sell the property from before it even opened in 2010 and had placed The Cosmopolitan in a separate bank division devoted to winding down or selling unwanted investments. The last major Las Vegas resort approved before the Great…

Vegas Inc – In an abrupt reversal, Bally Technologies CEO Ramesh Srinivasan is being replaced at the helm by the man he replaced less than a year and a half ago — the same one who recruited Srinivasan to the company, no less. The Las Vegas slot-machine maker said today that Srinivasan, a nine-year company veteran, is leaving Bally and that Dick Haddrill would assume the CEO’s spot May 23. Haddrill was Bally’s chief executive from 2004 to 2012 and has been chairman of the board since Srinivasan was promoted to CEO. Haddrill will give up the chairman’s seat next…