Soon the figures will be out for the gambling industry’s take for the previous year. Until the economic slide of 2007 the gambling industry in the United States enjoyed brisk growth. Up until 2010 the industry had not recovered but state lotteries were doing fairly well and were seen as recession resistant. In 2011 Datamonitor, [...]
Internet gambling is incredibly popular around the world and the industry has grown with amazing speed despite the worst recession in decades. Recently the internet gambling industry got a boost after the US Department of Justice cleared the way for states to offer residents legal internet gambling. Millions of people play at online casinos 24/7 [...]
Last December Las Vegas casino mogul Sheldon Adelson revealed he was opposed to internet gambling on ‘moral grounds. In a stunning act of hypocrisy Adelson said he was suddenly concerned about ‘underage gambling.’ In a statement dripping with hypocrisy Adelson told Senator Jon Kyl, one of the architects of the Unlawful Internet Gambling Enforcement Act, [...]
Playtech, one of the largest software suppliers to the internet gambling industry, has revealed that the company is in talks with several potential partners in the United States. A recent interpretation of the 1961 wire act by the Justice Department has opened the door for states to provide residents with legal internet gambling. Playtech CEO [...]
Just about every poker player in the US remembers ‘black Friday.’ On Friday, April 15th 2011 the US department of justice sieves several internet gambling sites and their assets. Players logging on to their regular poker sites were greeted by a DOJ logo informing them that the site had been seized by the DOJ and [...]
In Australia ‘pokies’ (video poker and slot machines) are a popular pastime in pubs and other venues. Australian pokies are just about the same as slots and video machines in casinos around the world. They are made by the same manufacturers that supple Las Vegas and European casinos. Australian pokies feature special games designed to [...]
Gaming industry experts are keeping a close eye on social media gaming giant Zynga. Recent reports indicate that Zynga is discussing the possibility of entering the lucrative internet gambling market. The maker of FarmVille and Zynga Poker created a stir in the internet gaming world when the San Francisco based company issued the following statement [...]
Eight internet poker players say they are victims of a cheating scheme on the Ultimate Bet website. The players are suing a Canadian company and several unnamed individuals. The players say that the company violated US gambling laws designed to combat organized crime. They also accuse the popular internet gambling site of defrauding players and negligently [...]
Placing a bet on one of the many Olympic events can be difficult. Even Las Vegas sportsbooks do not take bets on the Olympic Games. Sports betting is illegal in many countries and in other the laws are ill defined baking betting risky at best. Some experts say the ban on Olympic betting is to [...]
Internet gambling experts have discussed the potential of new markets such as Asia, Latin America and South America but there is one potential gaming market that is rarely mentioned; India. India is the second most populous country in the world after China. India has about 1,200,000,000 people so the potential can easily be seen. In [...]
