Monthly Archives: January 2007

Net Entertainment Releases a New Gambling Platform

A new gambling platform is going to be owned by established or upcoming casinos. The new product was released by Net Entertainment which did their best to design the system called CasinoModule™.

The product is believed to be a better version of the old roulette game. Specialists have worked hard to perfect the movements of the ball and the wheel, so they could sound realistic. The system will also offer some more gaming options such as slots, scratch tickets and a mini-slot. In general, the system incorporates itself easily into existing website structure and is run fully with the gaming brand.

To get more information on CasinoModule, go to casinomodule.com or netent.com.

Guyana Government Discusses Casino Gambling

As it is known, the Cricket World Cup 2007 will take place in Guyana. In this respect, as Samuel Hinds, the prime Minister of Guyana, claims facilitation of casino gambling for guests is being actively discussed.

There are some religious issues of some communities that should be taken into consideration. They are connected with theological grounds prohibiting gambling. So, the government is well prepared to take prudent measures to prevent the activity of some groups to be widespread.

Other issues that worry the government are gambling addictions, prostitution and increased money laundering. So, being well aware of dangers, the government is discussing mechanisms of their possible prevention and dealing with them.

By enforcing the Bill the Minister is given power to set up any administrative body for the administration of the casino legislation, control of prescription fees payable for the application and issuance of any license. He is also able to make regulations to establish a Gaming Authority regulating the issue only through specific types of licenses to allow casino gambling.

It should be noted, that in spite of the discussions, gambling exists in Guyana taking different forms like sweepstakes, lotteries and raffles.

CryptoLogic Purchases Parbet.com

A new gambling agreement is about to take place. The parties of the agreement are the Canadian gambling software developer CryptoLogic and Scandinavian online poker room Parbet.com. The company’s handover is to be completed by the 15th of January.

According to the agreement CryptoLogic intends to buy the brand and assets of Parbet.com for about € 9 million. The purchase includes the rights to the Parbet brand name, associated domain names, customer lists, databases, and players’ cash in deposits. Further they are planning to license all the Parbet assets, poker software, payment processing and multi-lingual customer support services to a private Maltese online gaming company. So, the latter will get the possibility to operate Parbet.com.

€9 million for the brand and the assets will be paid by CryptoLogic’s subsidiary WagerLogic. And if the performance of the company is enhanced within 6 months, it will add €4 million more. All that is said to be the part of the agreement.

The manipulations described are expected to increase CryptoLogic’s 2007 earnings for about $2 million.

Italy Licenses Online Casino Companies

As it has been reported earlier, there are great changes on the gambling market since the enforcement of the UIGEA. So, lots of companies from all over the world moved their services to other countries. Europe, in many cases, has become a source of success.

Thus, Italy has licensed several bookmakers for online horse racing and sports betting operation in Italy. And two leading British online casino companies were among them. Besides, the companies were licensed to run centers throughout the country in cafes, bars and run by newsagents featuring and hosting horseracing and sports betting centers.

Everest Poker Launches a Three-Round Tournament

A new exciting tournament “Avalanche” was launched on the 3rd of January by Everest Poker. The event is said to last 9 months, and it consists of 3 rounds. The prize pool, as it is claimed, is $1 million.

What is amazing and very exciting is the fact that players will be allowed to join at any levels. One more thing is that players with different gaming skills and experience will be able to take part in it.

So, Round 1 satellites is for the little up-front risk players whose buy-ins make up $3 plus 30 or $11 plus 1. Those who are more confident can take part in Round 2 satellites. Their buy-ins are $56 plus 5. Those players with big bankrolls skipping to the top can choose either $530 plus 30 buy-ins in Round 3 or the Online Avalanche Finale for $5000 plus 300 which will take place on September 17, 2007.

The prize for the ten finalists of the Online Avalanche Finale will be a trip to a secret place, where they will take part in live final table with the prize pool – $1 million.

Are You Ready for the Warsaw EPT?

The European Poker Tour is said to be Europe’s richest poker tour, and they say that the prize money in Season 3 will amount to more than €7 million.

Recently it has been announced that a new event is planned for Season 3, which is going to take place in Warsaw, Poland between March 14 and 17, 2007. 300 players will be able to take part in the tournament having paid 15,000 Zloty as a buy-in.

John Duthie, an EPT chief executive, claims that the event is sure to play a great role in raising “the game’s profile in Eastern Europe” in spite of the fact that that it will not be televised.

To get more information, go to the EPT website. You’ll be able to qualify for the Warsaw EPT on PokerStars.com starting January, 15.

New York State Residents will Soon Be Offered Internet Wagering

There is good news for the residents of New York State that prohibited from having Internet accounts with out-of-state providers: some rules and regulations allowing the state’s racetracks and offtrack facilities to accept wagering via the Internet were adopted by the New York State Racing and Wagering Board. The rules and regulations should become effective on the 22nd of January. So, NYRA are doing their best to make it possible by the launch date.

“I think this is a breakthrough,” said Bill Nader, the New York Racing Association’s senior vice president and chief operating officer. “If you’re trying to introduce Thoroughbred racing to a new audience, this is a step forward. Somebody under 35 would rather use their personal computer than the telephone. We think our site is going to be very attractive and very exciting”.

At the moment only telephone wagering is offered throughout the state. New rules and regulations will make it possible to make wagers in person using any kind of electronic means: either a cell phone or Internet, or anything else.

Ray Casey, president of New York City OTB, who has been lobbying for Internet wagering for the past two years, says: “To me, it’s part of some of the tools that I thought were critical for not only OTB’s future but horse racing in general: an ability to take advantage of technology and make horse racing more accessible for the X and Y generation”. But he hopes that “by the summer, all of the state’s six OTB corporations could have a common website at which to wager”. But as he claims they are not going to make partners with any of out-of-state providers yet.

This Time an Attempt to Ban Web Gaming Failed in Germany

What is going on in Germany cannot be called a friendly atmosphere for the internet gambling. Recently there has been an attempt to enforce an anti gambling law what can be found against the European Trade Commission trying to legalize online gaming all over the European Union. So far the federal law has not been approved yet. But still three of German states have local laws prohibiting online gambling in Germany. The only explanation to the fact is that officials are trying to help the state lotteries to keep their monopoly.

Germany, by the way, is not the only country trying to prohibit internet gambling. The only way out is for the European Union is to set a precedent with one of the countries protecting their own gambling interests, to stop the future attempts of banning internet gambling.

UK, Italy and Spain have already laws legalizing gambling licenses of online companies.

Boomtown New Orleans Expansion Plans for 2007 – 2008

2007 is said to be a year of expansion for Boomtown New Orleans. The cost of expansion is said to be about $145 million. What is to be understood under the expansion is a new gambling boat and a 200-room hotel. The expansion is to be designed by the architectural firm of Bergman, Walls & Associates, Ltd and is promised to be more lavish than it was planned.

R. Lee, Pinnacle’s Chairman and CEO, said: “We’re excited to be part of the renaissance of New Orleans with a major new investment in the region. This expansion is designed to bring Boomtown New Orleans to new levels of comfort, luxury and excitement, similar to the ambiance of our L’Auberge du Lac property in Lake Charles”.

The plans for Boomtown New Orleans expansion include the boat similar to that at L’Auberge du Lac, a Lake Charles casino that is also owned by Pinnacle; the hotel upgraded by a pool area, spa and a salon, increased size of the guest rooms; expansion of the existing Boomers nightclub, addition of an Asian restaurant, and refurbishment of the existing buffet.

Casino Online International Jackpots Prove a Huge Success of the Online Casino

If you a casino fan, you’ve probably heard of Casino Online International. It is a G-Fed certified casino, government licensed and regulated within Belize that was open in 2004. Since that time it has been providing its visitors with a great variety of exciting games. Its fair game odds, safe transactions, quick payouts, and response to all players’ needs cannot but attract lots of people from all over the world.

Recently it has been reported that that its combined jackpot total from 12 progressive slots games amounted to more than $1.5 million. If to be exact, such slot games as Lucky Ink, Jackpot Quarterback, Nashville Gold, and Dragons Lair have current jackpots ranging from $68,000 to $84,000, and Super 777, Atlantis, Haunted House, and Fruity Loot – from $114,000 to $127,000. The highest jackpot marks are shown by such slot games as Joe’s Jackpot, Golden Goal, Payday, and Martian Landing and they range from $131,000 to $420,000.

So, it must be noted that in spite of its young age, Casino Online International is very popular and very successful.