NetEnt enters the Pennsylvania online gambling

NetEnt Enters Pennsylvania Online Gambling Market

NetEnt enters the Pennsylvania online gambling market by signing casino giant Penn as its first partner in the state. The games developer’s share price was up almost 15% this morning after it reported a 10% rise in revenue to SEK 449m (€43m/$49m) and 11% increase in operating profit to around $19m for the three months to the end of September. During the quarter – the first full period since Therese Hillman became CEO on a permanent basis – Stockholm-listed NetEnt benefitted from the release of its new game based on hit film Jumanji, launched with British Columbia Lottery Corporation in…

online gambling blockchain

Does the Future of Online Gambling Lie in Blockchain Technology?

The gambling industry has experienced a significant sea-change over the past 10 years, insofar that players no longer need to leave the comfort of their own home to access their favorite games. Whether its sports betting, poker rooms or traditional casino games – the industry has grown in direct correlation to the global adoption of digitalization. As a result, the online gambling sector is expected to grow to more than $81 billion by the end of 2022. However, a new breed of technical innovation is beginning to make its mark, in the name of blockchain technology. It is now possible…

Tribal Online Gambling

Tribal Online Gambling vs the UIGEA

So, it’s come to this? The Iipay Nation of Santa Ysabel participated in a Tribal Online Gambling challenge to the UIGEA in 2014 when they took the Desert Rose Online Casino live. Additionally, the Iipay Nation had plans to start an online poker site. Now, after years of legal battles with the state of California, a US Court has made a decision which could have far reaching impacts for Tribal Online Gambling and web based betting in general. _____ In light of the Unlawful Internet Gambling Enforcement Act (UIGEA), as one would expect, the online gambling industry has indeed shifted…

Sheldon Adelson Applies for Online Gambling License

Sheldon Adelson’s Online Gambling License? Online gambling in Pennsylvania now has nine applications for licenses… including the Sands Bethlehem casino owned by Sheldon Adelson! What would cause the long-time Internet gambling opponent to apply for a license to run an online casino? And why are sports betting deals still being made in New York? This week’s special offer is for the Heavy Chips online casino.

Sheldon Adelson online gambling

Sheldon Adelson’s Casino Wants Online Gambling License

Sheldon Adelson’s Sands Casino Resort Bethlehem has filed a petition to conduct casino-style online gambling in Pennsylvania — but they’re really just inquiring for a friend. Specifically, a cash-flush friend from Alabama in the process of buying the Bethlehem casino for $1.3 billion. As part of its agreement to sell the Sands Bethlehem casino to Wind Creek Hospitality, Las Vegas Sands Corp. is obligated to pursue “in good faith” a certificate to conduct online gambling in Pennsylvania, according to the footnotes of Sands’ petition filed with the state. “Sands submits this petition in the interest of Wind Creek so that,…

Online Gambling

Online Gambling Company Introducing “Loss Limits”

Imagine an online gambling company turning players away because they’ve lost too much money. That will become reality in a few weeks in Aland, a small autonomous island group in the Baltic Sea off the coast of Finland. Aland-based Paf will become the first international online gambling company to introduce a loss limit on September 1st. The company estimates the limit — 30,000 euros or about $35,000 in U.S. currency a year — will result in a 5 percent reduction in annual profits. But Paf executives believe they can and should do it because they believe strongly in their responsible…