British sports betting operator Stanleybet has threatened to sue Greece for lost revenue in a long-running legal battle over their gambling monopoly firm OPAP. Stanleybet accuses Greece of tacitly rejecting its 2004 request to offer sports betting in the country and said on Wednesday it had told the government and OPAP it will seek damages of about 240 million euros. OPAP, one of Europe’s biggest gaming companies, has a monopoly in offline sports betting and lotteries in Greece until 2030. Athens agreed earlier this month to sell a controlling stake and management rights in OPAP to Greek-Czech investment fund Emma…

From Chicago Tribune Buried more than 400 pages into the 524-page gambling expansion bill that would bring a casino to Chicago are directions for splitting some of the state’s take to create new ways to pay for the pork-barrel projects politicians covet. Money from the new casinos and slot machines at horse racing tracks would be steered to a new “depressed communities economic development fund,” a “Latino community economic development fund,” grants to the State Fairgrounds and county fairs, funding for equine research, soil and water conservation, cooperative extension services and an annual grant to the Chicago Botanic Garden. Other…

In a bid to curb problem gambling, broadcasters in Australia live odds have plans have been unveiled that will see bookmakers prohibited from publicizing odds on radio and television during live sporting events. Current estimates have up to 500,000 Australians at risk of becoming problem gamblers with the most recent move from the nation’s radio and television industry coming in the wake of Prime Minister Julia Gillard stating that citizens are becoming ‘increasingly frustrated’ with the promotion of odds. “From the moment that the players step onto the field, to the moment that they leave the field, there will be…

New Jersey casino gaming is not exactly booming, but Atlantic City online gambling may offer some hope. For six consecutive years, revenue there has been on a steady decline. Its newest casino, the $2.4 billion Revel, just exited from Chapter 11 bankruptcy. And to top it all off, last fall the city, along with the rest of the New Jersey coastline, was slammed by Hurricane Sandy, from which the region is still trying to recover. Prognosis for AC is good, according to Wall Street analysts  Last week the East Coast Gaming Congress was held, and it was there that a…

From Poker News The New Jersey Division of Gaming Enforcement will publish a draft of proposed Internet gambling regulations in the New Jersey Register on June 3, opening a 60-day period for public comment. In advance of the official publication, the draft regulations already are up on the Division’s website. Early reviews of the regulations indicate they look good from the players’ perspective. “There are a few things we’ll probably look into in the general comment period, but overall the regulations seem pretty fair,” said John Pappas, executive director of the Poker Players Alliance. Two concerns of the PPA, according…

From iGaming Business Activity and gross gaming revenues in France’s online gaming and betting market have switched around dramatically in the past few months, Jean-Francois Vilotte, president of the French regulatory authority ARJEL, has revealed in an interview with the French newspaper Les Echos. Vilotte explained that the market’s structure had changed substantially, with gross profits for online poker cash games down 14% to €61.2m for the 12-month period to May and tournament fees stable at €41m. Gross gaming revenues for online sports betting of €63.4m meant a rise of 20% on 2012 figures. Football played a large part in…