From Casino City – It seems laughable now in hindsight. Slot machine maker Multimedia Games, Inc. was for sale in 2010 and couldn’t attract a buyer. Today, it’s the hottest commodity for the gaming industry investment community. “We’re an exciting growth story in gaming, and there aren’t too many of those, to be honest,” said Multimedia Games Chief Executive Officer Patrick Ramsey, 39, who joined the company as chief operating officer in 2008. A few years ago, Multimedia Games had only a handful of gaming licenses. Now, with licenses in major markets — including Nevada, New Jersey, Pennsylvania, Illinois, Mississippi…

This Week in Gambling – Other than regulation, the most important issue for online gambling is payment processing. J Todd talks to Tim Richards of Global Cash Access, providers of integrated casino cash solutions, from the iGaming Super Show in Amsterdam. According the the global Cash Access website, the company focuses on “…redefining the possibilities of cash access products and related services throughout the gaming industry – both in the U.S. and abroad. The technologies we create are the standard bearers for the entire industry, and we continue to blaze new trails in terms of what cash access can do for…

From iGaming Business – UK bookmaker William Hill is to consider legal action against a proposed new online tax that will cut 15% from all online gaming profits from the end of next year, according to The Daily Express newspaper. The bookmaker recently posted an 8% rise in operating profit for the first half of the year, as well as a revenue increase of 20%. In addition, the firm’s online business experienced significant growth – as online revenue grew 18%, while mobile betting figures jumped by an impressive 112%. With a large part of these figures coming from online gaming…

From yNet News- World’s biggest social network hires PR firm in Jewish state in bid to strengthen its brand among user, attract more developers and advertisers. Facebook is launching official operations in Israel : The company has hired the Shalom TELAVIV public relations firm, owned by Zamir Dahbash and Rinat Friedman, to serve as its media advisor in Israel as part of the social network’s future activities in the country. The Israeli office will work with the company’s PR personnel in Facebook’s headquarters in London, which is responsible for the company’s activity in Europe and the Middle East. This is…

Could virtual currency save web poker? The wild world of online poker that can see millions of dollars spent on the game has been under attack in the USA and some other jurisdictions on the planet. One of the most effective methods of controlling the online poker industry has been the control of the financial transactions. Most of the concern in America has been based on the taxes that the government hasn’t been collecting when the game is played. Then came Bitcoin the virtual online money that has taken the internet by a storm came into online gambling’s focus. Bitcoins…

From Las Vegas Review-Journal – As an associate with global management consulting firm Bain & Co., Geoffrey Stewart grew accustomed to offering advice to high-level executives of Fortune 500 corporations. Now, as he prepares to lead Caesars Entertainment Corp.’s launch into regulated online gambling for money, Stewart is adjusting to being on the receiving end. “I’m in a role where I have to act on my own advice,” Stewart, 34, said during a break in play in the World Series of Poker at the Rio. “The great thing about this role is that I’m surrounded by guys with a deep…