California Tribal Gaming addresses PokerStars

This Week in Gambling – Nevada doesn’t want them. New Jersey rejected them. So now they’re knocking on California’s door? In an effort to come out of exile, PokerStars is attempting to work a deal with Morongo and some Southern California card clubs that would open the U.S. market to their participation in iGaming. As a reminder, this is the group that refused to shutter its site, even after the enactment of the 2006 Unlawful Internet Gambling Enforcement Act (UIGEA), making online gambling illegal. In 2011, the Department of Justice issued orders mandating the site close down, filed a civil…

Sheldon Adelson: No Republican Candidate Worth Buying

The New Yorker – The casino billionaire and Republican kingmaker Sheldon Adelson met several 2016 G.O.P. candidates available for purchase over the weekend, but decided to buy none of them, Adelson confirmed today. After hearing speeches by Kentucky Senator Rand Paul, New Jersey Governor Chris Christie, former Florida Governor Jeb Bush, and several others who were for sale, Mr. Adelson concluded that none of them are worth owning. “I don’t want to spend millions on another loser,” said Adelson, who purchased both Newt Gingrich and Mitt Romney in 2012. The casino magnate was scathing in his assessment of the candidates…

Payment processing remains a hurdle in New Jersey online gaming

Bloomberg – Revenue from online gambling in New Jersey has failed drastically to reach expectations, even if industry observers won’t call it a bust after just five months. New Jersey’s state treasurer estimated last year that legal online gambling would net Atlantic City casinos as much as $1.2 billion in its first year—bringing in roughly $180 million in tax revenue for the state. After the floodgates opened last November, those numbers have been revised dramatically, to a mere $34 million in tax revenue for the fiscal year ending June 30, climbing to $55 million the following year. “It’s the beginning…

Amaya and Ultimate Gaming strike New Jersey online casino deal

iGaming Business – Gaming industry entertainment solutions provider Amaya Gaming Group has entered into an agreement to provide online gaming operator Ultimate Gaming with internet casino gaming content in the US state of New Jersey. Under the deal, the Ucasino.com online gaming website, which is operated by Ultimate Gaming and its licensed gaming partner Trump Taj Mahal Associates, will offer a selection of Amaya’s proprietary games that are available on its Casino Gaming system (CGS) platform. The range of slots, video poker and table games include shared jackpots and branded titles. HTML5 versions of popular games for mobile casinos will also be…

More Full Tilt Poker Money Released To Victims

Card Player – Another round of remission for victims of the old Full Tilt Poker went out on Tuesday, the group hired to help facilitate the massive process said. Garden City Group announced on its website that an additional $5 million of missing funds entered the hands of 2,200 players, collectively. Both figures are approximate. To date, around 30,000 poker players have been repaid around $81 million. In February, $76 million of player money was released, $1 million of which belonged to a single player. In the initial collection of the financial data, more than a million potential victims were…

French Online Betting Operator Continues to Grow

French online betting operator and platform supplier France Pari has recorded more than €4m in revenues during the first three months of 2014, generating EBITDA of €150,000 and net results of €80,000, the group said in a statement on Tuesday. The performance was achieved thanks to a 70% rise in France Pari’s operator activities and 87% rise in revenues for Sportnco, France Pari’s B2B division. The company’s focus on mobile will continue in the coming weeks, with the launch of France Pari’s iPhone app planned for this week and for its B2B clients pencilled in for the second quarter. France…