From Forbes Have you ever wondered why new technology tends to be exploited in the adult entertainment and online gambling industries first? An ultra-competitive market environment and a willingness to try anything in the quest for traffic and profits has made these two industries technology’s early adopters. Typically, innovations that start in these fields go on to become core features in more mainstream commercial applications. From brave use of multimedia, new scripting languages, and yes even payment technologies, adult entertainment and gaming have led the way. Now, a new digital currency threatens to disrupt the old payments paradigm and it’s…

From Poker Fuse Ultimate Gaming has entered into an agreement to supply real-money online gaming to Trump Taj Mahal Associates LLC. in New Jersey, it was announced on Monday. “Today we are excited to be entering into an agreement with Trump Taj Mahal Associates to bring online gaming to New Jersey,” said Tom Breitling, Chairman of Ultimate Gaming, in a press release sent to pokerfuse. “This represents a huge step forward in our desire to offer Americans across the nation the opportunity to enjoy safe and regulated online games.” Ultimate Gaming launched the first regulated online poker room in the…

From Online-Casinos.com It was back in 2006 when the US government made banks and money processing firms responsible for prohibiting any transaction that had anything to do with online poker and internet wagering on US soil. It was the money processors and banks that the Department of Justice first went after to enforce the UIGEA enacted in 2006. U.S. players have had many problems making gambling web site deposits with banks and credit card companies considering them illegal. Neteller was one of the firms that kept offering their financial services to American clients and became a popular source for financial…

From iGaming Business The state of Kentucky has announced that it has settled a case with online gambling company bwin in an agreement worth $15m (Eur11.5m). In accepting the payment from bwin, the state said the result related to civil filings in August 2010 “to recover online gambling losses by Kentucky residents” prior to the passing of the Unlawful Internet Gambling Enforcement Act (UIGEA). Bwin exited the US market when then-President George W. Bush signed the UIGEA into law in October 2006. John Shepherd, director of corporate communications at bwin, said that the company had admitted no wrongdoing as part…

From iGaming Business Social networking website Facebook is reportedly considering expanding its operations in the mobile gaming sector. According to Techcrunch, Facebook has been working with a number of small mobile game developers after generating more than $100 million (€76.75 million) per quarter from virtual currency transactions inside social games. The website has not yet been able to replicate such success on mobile devices due to the 30 percent cut that smartphone app store owners Apple and Google take on digital transactions. Techcruch reported that mobile gaming development would give Facebook a new source of direct revenues to supplement advertising…

From iGaming Business Online and land-based casino games and solutions firm Bally Technologies Incorporated has signed a deal that will see its range of online slots made available to Paddy Power players. The last few months have seen Las Vegas-based Bally Technologies sign similar agreements with operators including Intellectual Property and Software (IPS) Limited and Mr Green while this latest deal will see its range of real-money slots launched via the paddypowergames.com domain. “Partnering with Paddy Power is a great opportunity for Bally Technologies as we continue to expand our reach in the global online gaming business,” said Michael Probert,…