Archive | online gambling

Senator Reid Supports Banning Online Gaming

Senator Reid Supports Banning Online Gaming 300x200 Senator Reid Supports Banning Online GamingAccording to the Las-Vegas Review-Journal, Sen. Harry Reid said that Congress next year will take up legislation to outlaw Internet gambling, and he plans to support a ban while trying to gain an exemption for online poker.

“I think there will be efforts made to get rid of the Wire Act,” Reid is quoted in the report.

Billionaire casino owner, Sheldon Adelson, is an opponent of Internet wagering, and there was a failed effort to lobby House and Senate leaders to place a prohibition on online gambling into a year-end spending bill. But Adelson may still get what he wants in the end.

Continue Reading

Posted in Announcements, News, online gambling, Online poker, Regulations0 Comments

Was Online Gambling a Risky Revenue Bet? Predictions of Billion Dollar Market Fall Short

Was Online Gambling a Risky Revenue Bet Predictions of Billion Dollar Market Fall Short 300x211 Was Online Gambling a Risky Revenue Bet? Predictions of Billion Dollar Market Fall ShortWell, it was — after all — a gamble.

But now the data is in. Atlantic City casinos and their online partners took in about $120 million in revenue during its initial season of internet gambling.

That’s way short of the billion dollar behemoth New Jersey governor Chris Christie had bet his chips on.

The internet gambling launch was a gambit launched in 2013 in expectation that this option for gambling enthusiasts would pull the East Coast casino industry out of what has turned into a major downturn.

Continue Reading

Posted in News, online gambling1 Comment

Amaya Gaming’s Quebec Offices Raided, But No Wrongdoing Alleged

Amaya Gaming’s Quebec Offices Raided But No Wrongdoing Alleged 300x200 Amaya Gaming’s Quebec Offices Raided, But No Wrongdoing AllegedOn Wednesday, Federal Canadian police officers Canadian market regulators stormed Amaya Gaming’s Quebec offices in an apparent raid, the details of which remain under wraps at this hour.

What we do know is that there is an ongoing investigation into trading activity that transpired prior to Amaya’s massive acquisition of the parent company of PokerStars earlier this year for close to $5 billion.

Authorities also showed up at Canadian investment bank Canaccord Genuity, as well as Canadian insurance firm Manulife Financial, as part of the same investigation.

Continue Reading

Posted in Announcements, Gaming industry news, News, online gambling, Regulations0 Comments

Place Your Bets: California Proposal to Increase Online Poker Purveyors Draws Fire from PPA and Tribal Coalition

Place Your Bets California Proposal to Increase Online Poker Purveyors Draws Fire from PPA and Tribal Coalition 300x164 Place Your Bets: California Proposal to Increase Online Poker Purveyors Draws Fire from PPA and Tribal CoalitionThis news just in: The proposed online poker legislation (AB9) introduced by California Assemblyman Mike Gatto is drawing fire from the Poker Players Alliance (PPA), a tribal coalition, and PokerStars.

“California online poker would bring in much-needed revenues to the cash-strapped Golden State, which is why Assemblyman Mike Gatto introduced AB 9 this week,  AKA the Internet Poker Consumer Protection Act of 2015,” noted CardsChatNews.

Continue Reading

Posted in News, online gambling, Online poker0 Comments

Infographic: Harrahs Looks Back and Forward at Slot Gaming

Infographic Harrahs Looks Back and Forward at Slot Gaming 300x300 Infographic: Harrahs Looks Back and Forward at Slot GamingIn celebration of the one-year anniversary of online gaming in New Jersey, a unique infographic was shared with mGamingWatch this week by the folks at HarrahsCasino.com, a leading destination for online gaming.

The visual in question looks at the evolution of the slot machine. The graphic highlights the advancement of the slot machine’s functionality, design and progression.

Want to know more? Check out the full infographic below.

Continue Reading

Posted in Announcements, Casino industry, Gaming industry news, News, online gambling0 Comments

Here’s What Happened This Week in mGaming

Here’s What Happened This Week in mGaming17 Here’s What Happened This Week in mGamingHere are some of the top stories in mobile and online gaming that we’ve been monitoring in recent days.

Mohegan Sun is more than just one of the largest casinos in the United States, it’s also looking to be a pioneering in the digital age of hospitality.

The New Jersey Division of Gaming Enforcement is painting an abysmal portrait of the state of online poker in New Jersey, corroborated by new data put forward by the team at PokerFuse.

Posted in Gaming industry news, News, online gambling0 Comments

Forbes: Big Venture Capital Still Pouring into Mobile, Online Gambling

Forbes Big Money Still Pouring into Mobile Online Gambling Forbes: Big Venture Capital Still Pouring into Mobile, Online GamblingDespite a rough first full year for most of online gambling’s early entrants into the regulated and legal online and mobile gaming environments of New Jersey, Delaware, and Nevada, optimism about the potential of this nascent industry hasn’t faded among some heavyweight investors.

According to a report published Thursday, big money continues to pour into this market from some of the most prominent names in the world of venture capital.

“CVC Capital Partners’ agreement to purchase a controlling stake in Sky Bet for $1.25 billion is the latest big bet by private equity investors on an online gambling business, part of a wave of deals that is reshaping the online gambling industry,” Forbes reports.

Continue Reading

Posted in Gaming industry news, News, online gambling0 Comments

mGaming Revenues on the Upswing

mGaming Revenues on the Upswing 300x174 mGaming Revenues on the UpswingDespite concerns that interest in mobile gaming would die out after the novelty wore off, it seems the mobile gaming is only becoming more popular — and profitable.

This next year, it is expected that interest in mobile gaming is actually going to surpass console gaming, which would make it the biggest sector of the entire gaming market.

A recent study by Newzoo went so far as to indicate that mobile gaming revenues will shoot up by 42% over the next year, with almost $41 billion in revenues by 2017.

Continue Reading

Posted in Announcements, Mobile Gaming, News, online gambling0 Comments

Closed for Business: Betfair Shuts Down NJ Poker Site

Closed for Business Betfair Shuts Down NJ Poker Site 300x300 Closed for Business: Betfair Shuts Down NJ Poker SiteIf you were hoping to play online poker on Betfair’s site in New Jersey today, you’re out of luck.

Betfair has officially closed its New Jersey poker site.

According to the online gaming giant, however, the closure has nothing to do with its New Jersey casino site or other operations outside of the U.S.
Continue Reading

Posted in Announcements, News, online gambling, Online poker0 Comments

Casino Giant Rolls Out Game-Changing Online Booking Tech

Casinos Giant Rolls Out Game Changing Online Booking Tech 300x169 Casino Giant Rolls Out Game Changing Online Booking TechMohegan Sun is more than just one of the largest casinos in the United States, it’s also looking to be a pioneering in the digital age of hospitality.

Mohegan Sun just tapped Groupize Solutions to attract and convert more small corporate and leisure groups.

According to details shared with MGW, Groupize Solutions is now “the preferred group booking platform” for a whopping 7,000 hotels, resorts and chains.
Continue Reading

Posted in Announcements, Gaming industry news, Mobile Gaming, News, online gambling0 Comments