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Archive for February, 2009

Bluff Online Poker Challenge Begins On Sunday – Online Casino News

February 28, 2009 Leave a comment

Bluff magazine and LockPoker.com’s Bluff Online Poker Challenge will begin this Sunday. In this challenge, over 20 of the world’s best online poker players will compete to run up a bankroll as fast as possible.

The players competing include Adam Junglen, Brandon Cantu, Shaun Deeb, Chris Moorman and Kevin Saul. Josh “JJProdigy” Fields was meant to play also, but was barred after it was discovered he was involved in yet another cheating scandal.

“We’ve got the best players in the world raring to go,” said Eric Morris, publisher of BLUFF Magazine. “Over the next 31 days we’ll see who’s got the skill and the discipline required to come out on top.”

 

Categories: Gambling News

GoCasino.com Launches With the Biggest Online Casino Bonus Ever – 02-28-09

February 28, 2009 Leave a comment

February 28 – Go Casino is the biggest news in the online casino industry for some time and players are abuzz with excitement. Not only does this casino offer the sensational game variety provided by the Vegas Technology platform, but the $20,000 bonus is the biggest ever.

The new GoCasino.com has the backing of one of the most experienced online casino operators who have been in this business for almost ten years.

The bonus redefines the concept of a "sign up" bonus, as the casino makes a commitment to rewards your first twenty deposits. While some online casino may have a good sigh up bonus, you have no guarantee what deals they will offer you subsequently, and these are often not the best.

Go Casino is licensed by the Curacao Internet Gaming Association and offers 100 games from including many table games, casino poker games, all the major varieties of video poker, and incredible range of slots as well as progressive jackpots.

Now if you thought the bonus is something special, wait. Go Casino and their partner casinos, Golden Casino and Online Vegas Casino are jointly running the biggest free roll slots tournament ever. Read here about the $200,000 Slots Free Roll Tournament. It kicks off on March 3, so sign up today.

Read our Go Casino Review now.

Categories: Gambling News

Financial Times reports on Javaid Aziz vs Cryptologic brouhaha

February 27, 2009 Leave a comment

The dispute between online gambling software provider Cryptologic and its erstwhile CEO Javaid Aziz made it into the pages of the venerable UK business newspaper The Financial Times this week.

The newspaper reported on the events leading up to the latest rejection by Cryptologic of Aziz’s demands for an extraordinary general meeting and a presence on the board, and commented that Aziz has been trying to re-establish a foothold to control the company after his departure last year from the CEO position.

The report claims that Aziz has been trying to have the Cryptologic group’s chairman removed, and that he is campaigning for a change in company strategy.

The Financial Times notes that in a sign of the intensifying hostilities between the two parties, CryptoLogic has accused Aziz of “inappropriate conduct” during his brief tenure at the company. Stephen Taylor, chief financial officer, said Aziz made repeated demands for money and threats to sue while he was at the helm.

Aziz has dismissed the attack as an attempt to distract shareholders from what he alleges is a problem of corporate governance at the company.

The former CEO said he never asked for money and that his grievance was over the strike price of the share options that he was granted. He said they were artificially high and were based on what he believed was a misrepresentation of the company’s financial situation at the time when he was hired – allegations that CryptoLogic denied.

CryptoLogic also questioned whether Aziz was fit to join the board and released copies of e-mails he had sent threatening to go public with allegations that the company had been “blatantly lying” about the impact of the Dutch government’s decision not to allow Holland Casino to launch an online gaming site.

Earlier this week Cryptologic revealed that it was seeking legal advice with a view to a possible action against Aziz.

Categories: Gambling News

PWC estimates taxing US online gambling could raise $52b in ten years

February 27, 2009 Leave a comment

US legislators considering Congressman Barney Frank’s renewed assault on the Unlawful Internet Gambling Enforcement Act may be given pause for thought by a new analysis of the potential taxability of online gambling in the United States just published by top international accounting group PricewaterhouseCoopers.

The study estimates that the US could raise nearly $52 billion in revenue over the next decade by lifting a three-year-old ban on Internet gambling and taxing the activity instead, reports the Reuters news agency.

“There is a dramatic need to have a regulated system that protects American consumers. Right now, it’s the Wild West,” Jeffrey Sandman, a spokesman for the Safe and Secure Internet Gambling Initiative, told Reuters on Wednesday.

The latest PricewaterhouseCoopers’ estimate is about 22% higher than it was in 2007 because U.S. online gambling has grown despite the ban, Sandman said.

The accounting firm’s study was specifically done at the behest of UC Group, an online payment service company that would benefit from U.S. action to legalise Internet gambling.

Online gambling advocates hope the U.S. government’s need for new revenue in the aftermath of huge bailout and stimulus packages will boost chances for Congress to replace the UIGEA with new measures to regulate and tax online gambling.

Reuters reports that the added threat of a possible European Union trade challenge in the World Trade Organisation could improve the Frank bill’s prospects this year; the Remote Gaming Association in the UK has complained to the European Commission, accusing the U.S. Justice Department of singling out European online gambling companies like PartyGaming and 888.com for prosecution while allowing U.S. companies to operate freely. The complaint triggered an investigation, the results of which are imminent.

Categories: Gambling News

Real Time Gaming Progressive Jackpots Total Almost $4 Million – 02-27-09

February 26, 2009 Leave a comment

February 27 –  Before they withdrew from US market, the Microgaming progressive jackpots were by far the most popular. Their exit left a void, but software providers such as Real Time Gaming have stepped in and built up jackpots that have grown to over the million dollar mark and bigger.

Real Time Gaming powered online casinos like Rushmore Casino now offers six games with top cash prizes over $100,000, and three that are either close to or over one million dollars, placing this and other RTG powered casinos right in front when it comes to big jackpots.

The two largest jackpots open to US players are at Real Time Gaming casinos. with Jackpot Piñatas is currently valued at just under s $1,2million and Aztec’s Millions has just broken the $1 million mark.  A third RTG slots jackpot, Shopping Spree, is getting closer to the $1 million mark and at the time of writing was just under $950,000.

In addition RTG casinos also have the I.R.I.S. 3000 jackpot which is at over $250,000; Cleopatra’s Gold at just over $100,000 and the Shark, at just over $90,000.

In addition to the jackpot, the RTG casinos offer the Real Series of video slots, with wonderful themes, awesome jackpots, and great features. They cover a variety of themes which will appeal to just about any slots fan.

Here is a list of top Real Time Gaming Casinoss. We recommend Cherry Red Casino and Aladdin’s Gold Casino, two top Real Time Gaming casinos with big bonuses. Most Real Time Gaming casinos accept players from the United States of America.

Categories: Gambling News

M Resort Set to Stand out From the Rest of the Pack

February 25, 2009 Leave a comment

LAS VEGAS, Nevada – As reported by the Las Vegas Sun: "Built on a hill with a dramatic view of the Las Vegas Valley, the M Resort features a television studio for live cooking shows, an on-site
M Resort Spa Casino is ready to open it’s doors to the public on March 1st  pharmacy, a rooftop restaurant, the world’s largest mother of pearl ceiling and a modern design of inlaid wood and cantilevered glass.

But eye candy won’t sustain the $1 billion M Resort, which started construction two years ago when Las Vegas was booming and opens Sunday on the southeast corner of St. Rose Parkway and Las Vegas Boulevard South amid a recession with no end in sight.

While competitors grew into corporate giants by taking on billions in debt and building luxurious properties, Anthony Marnell III was taking notes on the dark side of the spending spree.

He saw hotels with automated methods of communicating with customers. He saw gambler swipe cards, points programs and loyalty club kiosks proliferate. He saw rising customer service complaints. He saw gamblers upset by reduced-odds table games and slot machines. He saw outrage over $15 martinis and $90 steak dinners.

His resort, he said, would be different.

Instead of a giant hotel, Marnell would build fewer than 1,000 rooms – about 400, in fact.

His company would be private, with one banker rather than a convoluted financing scheme with multiple loans and hundreds of lenders — all the better for resolving disputes and working through economic challenges.

He would screen potential employees for friendly personalities and put them through weeks of training. He would remind them to interact with customers in a way that’s required but rarely done at many casinos. Dealers must smile and greet potential players. Customers walking through the casino can expect a hello, or, if they look lost, a "May I help you?"

He would own and manage the resort’s restaurants and bars rather than outsourcing them to third parties, as many properties have done over the years to cut costs or gain specialized expertise. He would create value-oriented menus rather than letting third-party operators set prices based on their profit margins rather than the casino’s. He would offer free meals and drinks at any of his venues to any deserving gambler — loyalty card points be damned.

And there won’t be a $15 martini or a $90 steak anywhere in sight.

These aren’t new ideas. They are as old as Las Vegas. So old, in fact, that they’ve become myth…"

Categories: Gambling News

William Hill Plans to Raise £350m for Debt Reduction

February 24, 2009 Leave a comment

LONDON, England — As reported by the Daily Telegraph: "William Hill, the bookmaker, plans to raise £350m in a rights issue and scrap its dividend, as part of a plan to reduce its £1.2bn
  debt burden.

"The company is expected to announce the fundraising proposal, thought to be fully underwritten by its advisers and brokers Citigroup, when it publishes its full-year results on Friday.

"William Hill is one of a growing number of companies opting for a rights issue, despite healthy trading and no imminent repayments approaching.

"…However, concerns about rising unemployment could dampen bullish attitudes towards the betting industry, which is known to weaken when joblessness rises among its customer base…"

 

Categories: Gambling News