Category Archives: Gambling News

Another Gambling Group Helps Italy

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The earthquake that took place several months ago in Italy destroyed a large part of that country taking out homes, businesses and farming lands. Hardly anyone could stay indifferent. StanleyBet International is not an exception: the company made a decision to donate a large sum of money to help the earthquake victims.

StanleyBet is a gambling company operating all over Europe with land betting licenses that comply with European laws. The company’s donation amounts to Euro 1.3 million, and that money is to be used to re-build a school in Arista.

Gamble Online to Get Rid of Stress

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GambleCraft has recently initiated the research into the gambling industry. The study results indicate that online gambling is a positive option for relieving stress levels in gamblers at the end of the day.

70% of internet gamblers report that they use internet gambling sites not only as a way to relieve their stress, but as fun as well. In addition to that, according to the study of Oxford University, internet gambling is a good option for overcoming post-traumatic stress disorder. It is explained by the fact the gambling sites provide their customers with another reality that helps them escape from pressing concerns while they play and get involved in storylines on the slots.

So, with more and more facts coming, internet gambling supporters will have another strong argument for the ongoing worldwide internet gambling regulation.

They Could not Skirt Israeli Law Enforcement

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5 suspects believed to be responsible for illegal online gambling site Internet1x2.com have been arrested in Israel. The site was operated out of a luxury villa in Belize, while the server is based in Estonia.

Two of the arrested turned out to be brothers: Idan and Shai Raviv, the “masterminds” of the operation. They employed dozens of Israelis including female card dealers. Idan is suspected of running the business from England, while his brother, Shai, was performing his duties in Tel Aviv.

Using web cameras, the site card dealers interacted with gamblers in Israel. In addition to that, Internet1x2,com offered gambling on a wide range of sports. Wagers were collected with the use of credit cards and funds went directly into brothers’ bank accounts.

The brothers will be charged with money laundering, a series of tax authority violations as well as the gambling charges.
Despite the fact that the site was operating abroad, the site still catered for Israelis and let Israeli users to gamble, and as a result Idan and Shai could be tried under Israeli law.

The Top Award for Innovation Goes to…

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Every year the Isle of Man announces the Isle of Man Newspapers Award. Microgaming, as one of the top software development companies in the world, is always a nominee there. Microgaming’s previous Newspapers Awards include the Business Person of the Year and the award for New Business and Program Development. This year is not an exception for the company.

Despite a serious competition this year, Microgaming won the 2009 Innovation and Independent Thinking Award. Voters have definitely taken into consideration the company’s commitment to strong and innovative gaming content where the latest industry technologies have been used and the company’s commitment to responsible gaming.

Roulette Gains More Attention

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Roulette has always been the most popular form of online gambling for American women, while women in the UK have traditionally given their preference to bingo. Now the situation seems to be changing, as the GamingSupermarket.com research shows the increasing popularity of roulette among the UK women. And appearance of live roulette on TV helps increase interest from women.

The increasing popularity of roulette can be explained by a chance to win serious cash very quickly. However, very few people think that choosing roulette as a form of gambling they can lose a lot more money and a lot quicker.

Censorship is Spreading

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Censorship in the online casino gambling industry is a growing problem all over the world. The governments like China and the US try to justify it in any form what makes it easy for smaller countries to also justify unnecessary internet blocks.

Censorship, in general, is the direct way to limit personal freedoms. So, internet gambling sites seem to be a launching point for governments to take total control of their citizens.

Illegal Gambling Thrives in Russia

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The decision to move land gambling venues from major cities to remote regions of Russia resulted in a hole in the Russian gambling industry that is rapidly filled with illegal online casino gambling operations.

Making this decision, the Russian government hoped that it would help solve the problem of gambling addiction, but it did not, as lots of small gambling parlors have turned into “internet cafes” offering access to the online casinos, lottery and instant betting games. But because Russia does not allow legalized and licensed internet gambling, all of the sites offering gambling services to Russians are offshore gaming sites that are harder to catch and stop.

Online Gambling Ban Becomes Contagious

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Major concerns for the online gambling industry are coming. A few months ago Russia announced their decision to stop online gambling their country. Poland is following Russia in their decision to stop online gambling. So are Israel and India. The United States have been banning the online gambling since 2005 and as result have been paying the consequences as well. However, more countries seem to be banning online gambling.

If laws remain, lots of business will run into huge problems. They’ll have either to close or to branch out into other European countries where online casino gambling has not been banned.

Revenues Drop

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It is not a secret that CryptoLogic, online casino software development company, has had a couple of rough years because of regulatory changes within several global markets and problems within the upper level of management. Global economic recession has also played a huge role in the current position of the company in the online gambling market. Thus, this quarter’s revenues for Cryptologic are much lower even in comparison with the last year (32% down from the previous 2008 quarter that reported more than $14 million in revenues).

However, Cryptologic is not the only company experiencing hard times. Online casinos within global markets have been constantly reporting drops in growth figures.

Mobile Gambling Grows

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The variety if games available on mobile phones is not great, that’s why not many people sign up for mobile gaming. There are very few software development companies trying to expand the mobile gambling industry through new game releases, and WagerWorks is one of them.

WagerWorks offers a huge selection of games designed for online casinos. To say more, it remains very popular and reputable that could be a reason why its customers are interested in moving to the mobile platform.

The Cleopatra online slots game is the latest release of the company adjusted for the mobile platform.