Asian countries have a centuries old gambling culture. In most Asian countries gambling is socially acceptable pastime and the popularity of gambling in Asia includes most age groups. Recently poker mogul and gambling expert Calvin Ayre said that Asia is a young and upcoming market for internet gambling. He also said that the Asian gambling [...]
For publicly traded gambling companies 2011 was not a good year. A majority of the gaming sector saw daily stock prices take a nosedive during 2011 despite signs of recovery in most gambling markets including Las Vegas. According to Las Vegas based financial consultant Applied Analysis seven out of ten casino operators and slot game [...]
Federal prosecutors have opened the door for individual states to operate internet gambling sites without the need for federal legislation. Gaming experts are divided; some say that allowing individual states to operate internet gambling sites without federal regulation will create a hodgepodge of confusing policies and laws. Other experts say that if enough states launch [...]
The UK is making preparations for the 2012 Olympic Games which will take place in London this year. Part of those preparations are preparations by the UK government to counter the threat of attempts to bribe athletes participating in the games. Hugh Robertson, the minister for sport told reporters “You cannot underestimate the threat this [...]
Recently Connecticut Governor Dannel P. Malloy said that because of a recent Justice Department internet gambling in the state was ‘inevitable.’ The DOJ memo opened the door to intrastate internet gambling for several states. At least one of the two Native American tribes operating casinos said that the state will have to create a new [...]
She’s back. The online casino Golden Palace is releasing a new Anna Nicole Smith slot game. Smith died from a drug overdose in 2007. Smith was only 36 years old at the time of her death. In 2006 Smith allowed herself to be painted in gold for a series of publicity shots promoting the casino. [...]
Internet gaming mogul Calvin Ayre, the creator of Bodog, has released his predictions for 2012 and makes some interesting observations. Ayre believes that the prospects for federal legalization of internet gambling are dim. Many gaming experts agree with Ayre and cite election year politics as the main reason the federal government will take no action [...]
Several states have announced plans to offer intrastate internet gambling to residents. The recent interpretation of the 1961 wire act by the US Department of Justice has prompted several states to go full tilt in their efforts to implement internet gambling. States see internet gambling as a new revenue stream that could provide cash strapped [...]
After several years of declining revenues Atlantic City casinos were up 4.2% in December 2011 the first increase in over three years. Casinos in the country’s second largest gambling market posted the first monthly revenue increases in years and several casino operators are hoping their losing streak is coming to an end. In December Atlantic [...]
It’s official; Monday night New Jersey lawmakers passed a bill that makes it legal to bet on sporting events and horse racing. Once the bill is signed by Governor Christie the state faces a federal court battle to try and overturn a law that bans sports betting in all but four states. The New Jersey [...]
