Category Archives: Gambling News

Online Casino software developers claim to be loosing part of their revenue in third quarter

Several biggest Software developers for online casino houses are said to be experiencing bad times with few investors to support them as the year is coming to an end. They officially stated that inevitable decline in profits this quarter will cause damage to their inner structure and though the situation is not all that bad the profit is much less than they had in November last year.

Party Gaming was the first to announce the sad news about their budget. The second participant of the looser race might appear to be Cryptologic which created the famous Marvel Collection of slots.

Despite the fact that Cryptologic faces hard times they are not giving up and declare that every other company faces bad times but in the future they plan production growth and hope for the beneficial cooperation with a pair of popular online gambling houses.

China territory is closed for US online Casino rooms

It has been stated lately that China does not want any Online Casinos to be available to its country population. Wall Street Journal mentions that China no longer provides access to the Gambling facilities of online entertainment and wants US to not provide their gambling services on Chinese territory. Only local gambling operators are allowed to provide their services no investment joint ventures are allowed.

In this way the Chinese Government aims at cleaning their web space from the unnecessary foreign operators which will be substituted by the local service providers in all spheres including free lance, support and other ways of gaining revenue.

Online Casinos will have to register their gambling games first to providing them online for the citizens. This step will help to reduce frauds and sort out the online business strategies leaving behind illegal content with illegal and low quality services.

Chinese Ministry of culture will be taken care internet gambling companies from abroad by blocking access for their citizens but at the same time assisting local operators in gaining popularity online.

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Russian gamblers have found a way to bypass legislation

This summer Russian government has forbidden gambling places in the cities and provided casinos with a separate area where they all could be located. Once they all got closed the gamblers started to look for an alternative gambling areas not far from their places of living. The result is obvious – millions of Russian gamblers have rushed to online casinos.

Now we see a completely different picture with Russian cities filled with internet cafes providing access to online gambling rooms where people can entertain themselves by winning a couple of dollars.

Government is not pleased with the result as modern technologies continue to provide the population with what has been forbidden but on the other side the cafes are filling the budget holes which were supposed to be open due to multiple gambling places closure. Unemployment problem is also partially solved with the newly opened cafes. That is why the position of the government towards the gambling cafes is still not clear.

Unstopable Force

After all its problems in the US, Party Gaming is expanding in the European online casino gambling market with a new force. Last month the company purchased CashCade Limited, but the $157 million deal did not surprise a lot of analysts.

With a huge role already played by Party Gaming in the internet gambling industry, the purchase of Cashcade give even more guarantees that the company will also dominate the emerging internet bingo industry. The focus of the bingo industry right now is the UK, and Cashcade has a strong brand presence within this market.

The purchase of Cashcade gives Party Gaming real advantages in the competition, and, in general, the company seems to be making up for the lost time.

Will Online Gambling Market Expand in Russia?

In view of the fact, that all land gambling venues have recently been pushed out of the major cities in Russia, it might become rather hard now for the online casinos to enter the Russian market. To say more, the Russian Government is going to crack down on the prevalence and influence of gambling in the country. Thus, recently, the Russian Ministry of Youth, Sport and Tourism has announced that poker is not classified as a game of sport in the country any more which will definitely lead to the fact that the internet poker industry, like the land casinos, will be pushed out of major cities.

CryptoLogic Tops in the Industry

Despite of all the rumors circulating round CryptoLogic, company’s gaming platform is still considered to be one of the best in the industry.

The acquisition of a powerful new licensee, Totesport, is latest company’s announcement. Totesport is a huge UK brand, and thanks to the new licensing deal Totesport will be able to offer six of CryptoLogic’s most popular games and boost the existing Totesport wagering platform.

It is known that Totesport has also been having hard times. So, becoming CryptoLogic’s licensee has tuned into an effort to strengthen and reestablish the Tote brand in the UK.

Do You Gamble Responsibly?

There are lots of anti-internet gambling arguments, and usage of credit cards to gamble is one of them.

More and more people nowadays tend to use their credit cards to gamble which naturally rises the question if the online gambling sites facilitate debt for many gamblers. Of course, lots of gamblers use their credit cards responsibly and play within their limits, however, there is an opinion that by allowing internet gamblers to use their credit cards to make deposits online, internet gambling sites encourage debt.

Internet gambling sites treat responsible gambling as their key component, that is way this question has turned out to be really a moral dilemma for lots of them. And what do you think? Share your opinion with us.

A Level Playing Field for Internet Gambling Market?

The UK gambling Act of 2005 has been in place for several years already. It has created a gambling market allowing companies freedom and access to the market, as well as outlined regulations to control the internet gambling industry.

However, with the Gambling Act in action, they’ve got some complaints coming from the UK online casino gambling groups. In their opinion, the Act gives foreign registered companies unfair advantages over the UK Companies (the UK White list and the taxation of the online gambling industry are the major concerns). In view of the numerous complaints, the UK’s Department of Culture, Media and Sport is going to conduct a study to review the effectiveness of the Gambling Act. And as soon as the study is completed (it is supposed to be conducted by the beginning of 2010), the Parliament will consider the results.

Will the Bill Make it Through Congress?

It is a common fact already that problem gambling is one of the issues in the US gaining lots of attention. Hot debates have finally lead to banning internet gambling sites, however, there was very little discussion about how to help gamblers find appropriate treatment and how to prevent problem gambling in general.

The Comprehensive Problem Gambling Act introduced into Congress by Frank Wolf, Lee Terry and Jim Moran and supported by US National Council on Problem Gambling is the first, but very important step in looking for the ways to fund problem gambling education, therapy and treatment measures.