From Huffington Post – At Futures Magazine we were always careful not to equate trading with gambling. The futures industry has always struggled with the reputation that it was nothing but a den of gamblers and has taken pains over the decades to distinguish futures markets from gambling. The distinction is obvious from a macro perspective because futures markets exist as a type of insurance, the opposite of gambling as it historically provided producers and consumers of commodities the ability to lock in prices and take the risk of fluctuating prices off of the table. A farmer is a gambler…

The Nevada Gaming Commission has approved the world’s largest land-based gaming firm, Caesars Entertainment Corporation, plan to establish the Caesars Growth Partners LLC venture. Las Vegas-based Caesars Entertainment revealed in April that majority shareholders Apollo Management LP and TPG Capital LP each intend to contribute $250 million towards the new enterprise, which is to be headed by Mitch Garber, Chief Executive Officer for Caesars Interactive Entertainment Incorporated. The trio of companies will then hold a 70% share in Caesars Growth Partners and control of the Caesars Interactive Entertainment subsidiary, Planet Hollywood Resort and Casino in Las Vegas, interests in a…

Online gambling is back before Congress, and some are betting it will move forward this time. Congress has swung into action this year after moves by states to set up their own Internet wagering systems. At least two bills to regulate Internet gambling have been introduced in the House of Representatives, and a Senate committee has scheduled a hearing on Wednesday on the matter. After years of treating online gambling as criminal, the US government quietly shifted its stand in late 2011 when the Justice Department released an opinion stating that only sports betting should be prohibited under a 1961…

From iGaming Business Four more Internet domains have been added to the ‘blacklist’ of betting websites banned in Belgium. The Belgian Gaming Commission has added Betsafe, InterCasino, 1bet2bet and Casino Belgie to a list that, according to reports in the country, now includes 76 domains. Under recently introduced rules in the country, only land-based operators can apply for online gambling licences in Belgium. However, reports have indicated that the websites are still open to users in the country and are yet to be blocked. “People who use the websites could be fined but that is not our primary goal,” Commission…

Life is about to get more complicated for Caesars Interactive and online gambling. Their CEO, Mitch Garber, wouldn’t have it any other way. With the World Series of Poker nearing the end of its six-week run at the Rio, Garber’s attention will focus on launching the tournament’s pay-to-play regulated web based gaming website in Nevada. Caesars Interactive is also moving forward with online gambling prospects in New Jersey. The casino operator owns one-fourth of the Atlantic City gaming market. Garber’s division also handles Playtika, Caesars expanding free-play social gaming operation. Meanwhile, Garber’s duties will soon include CEO of Caesars Growth…

Billionaire real-estate tycoon Donald Trump wants to rule online gambling in New Jersey. To that end, he is teaming up with the online gaming company, Ultimate Gaming, to operate a range of real-money casino games in New Jersey. The deal comes after Governor Chris Christie signed a bill into law last month, making New Jersey the third state in the U.S. to legalize internet gambling. Legalized online gambling in New Jersey is expected to bring about the largest expansion of legalized wagering in the state since the first casino began operating in Atlantic City in 1978. And now, Trump wants…