From Card Player – Internet rumors swirled over the weekend that Las Vegas Sands Corp. owner Sheldon Adelson had reversed his anti-web poker position. However, those reports are false, according to a person who has been covering Adelson for quite some time. Prominent Las Vegas reporter Jon Ralston Tweeted Saturday: “Yes, people often get stuff wrong on the Internet. Adelson folks tell me he is as committed as ever vs. web poker.” In June, Adelson penned an editorial for Forbes, in which he said online gambling could bring a “plague” “to our society.” He finished the op-ed by calling the…

From iGaming Business – Irish bookmaker and online gaming operator Paddy Power has confirmed an application for a gambling licence in the US state of New Jersey, which is expected to legalise gambling in November. The Irish Independent newspaper said that Paddy Power has joined the likes of US casino companies MGM, Caesars Entertainment and Boyd Gaming in bidding for a licence. The majority of these have also partnered with online operators and gaming software firms to strengthen their bids. Paddy Power, the company’s communications director and son of co-founder David Power, said that although a bid has been made,…

From Online-Casinos.com – The online gambling industry in Europe has been going through some serious issues mostly regarding the various monopolies that individual governments are keeping in spite of the European rules on free e-commerce among nations. A recent article in the Greek Reporter has again brought to light the latest news in a long story referring to the Greek Gambling monopoly OPAP. The government of Greece has had its share of difficult challenges of late and they being faced with yet another from the Remote Gambling Association which said it will sue over the deal that grants exclusive rights…

Sponsored Story from Wager Web – The war to get online gambling and specifically, online poker, recognized is being fought on both sides and neither is giving an inch. People have been trying to decide whether or not it is a game that takes skill, or whether it is luck and that would go a long way in being able to put a definition on it. Right now, neither side seems to be winning. If you’re a gambling man, the betting odds indicate that this doesn’t look like it will be decided anytime soon. There are some that want to…

It’s a good time to be in the online gaming, casino, and hotel business, it seems, as Wynn Resorts posted solid underlying numbers in their second quarter earnings before the bell on Monday.  Interestingly, Wynn’s strength was derived from Las Vegas, which helped pushed margins even higher, as the Macau operations lagged.  Rising casino revenues in the City of Sin suggest Wynn doesn’t have much to lose from Zynga, with which the company was reportedly in talks with, bowing out of online poker and gambling. Billionaire Steve Wynn is probably happy with his company’s financial performance, particularly in Vegas and…

From iGaming Business – Zynga chief financial officer Mark Vranesh has sold 125,000 of his shares in the social gaming company, according to Watch List News. The shares were sold at an average price of $3 (€2.3). Late last month, the company said that revenues for the second quarter of 2013 had dipped by 31% year-on-year to $231m (€178m) with the number of monthly players having dropped to 187 million from 306 million a year ago. FULL STORY