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MAJOR LOAN FOR GREEK GAMBLING COMPANY

November 23rd, 2011
Posted in Articles

OPAP, Europe's biggest betting company in which the debt-burdened Greek government has a significant stake, has secured a loan of up to Euro 300 million with a consortium of Greek banks to expand its business, its chief executive said on Tuesday.

The debt-free company needs the loan after it spent about Euro 475 million this month to acquire an exclusive videolotto licence from the government in Greece, reports the Reuters news agency. It will pay another Euro 375 million by early …

Full Story: MAJOR LOAN FOR GREEK GAMBLING COMPANY

BODOG’S EUROPEAN GAMBLING AMBITIONS

November 22nd, 2011
Posted in Articles

The European holder of the Bodog brand franchise, Bodog Europe, has spelled out its European ambitions in an interview with the publication Marketing Week.

The new marketing chief of the company, former Visa and Sony Ericsson marketing professional Dee Dutta (see previous reports) revealed that the online gambling company is preparing to launch a slew of new services backed by a multi-million pound marketing push in order to secure a bigger share of the lucrative UK online casino and sports …

Full Story: BODOG’S EUROPEAN GAMBLING AMBITIONS

GAMBLING COMPANIES CLASH AGAIN

November 22nd, 2011
Posted in Articles

The bitter legal tussle between Cantor Gaming and its former executive Joseph Asher (see previous reports) reignited this week when Asher filed a counterclaim alleging that the Cantor litigation against his company Brandywine is designed to derail talks with William Hill on a $15.7 million takeover - something that would present Cantor with serious competition in Nevada.

The counterclaim is in response to Cantor's allegation that Asher breached non-compete and confidentiality …

Full Story: GAMBLING COMPANIES CLASH AGAIN

MINNESOTA LOTTERY TRIES TO GET PLAYERS ONLINE

November 22nd, 2011
Posted in Articles

Management at the Minnesota State Lottery is taking flak over a year-long initiative to get more Minnesotans to play online which was launched without publicity or an official announcement, reports the StarTribune newspaper.

The lottery is apparently trying to get more state residents to gamble online through a lottery subscription service, despite the state's record of turning away gambling expansion proposals and online gambling ventures in the past.

Full Story: MINNESOTA LOTTERY TRIES TO GET PLAYERS ONLINE

GREEK POKER TOURNEY WON BY BRIT PLAYER

November 21st, 2011
Posted in Articles

UK poker pro Zimnan Ziyard was celebrating as the weekend drew to a close, having won the Pokerstars European Poker Tour Loutraki in Greece, thereby earning his biggest career payout to date at Euro 347,000.

The tournament attracted 336 players from 38 nations and took four days to play out, with ZZ starting the final table with a chip count of 2.77 million over John Taramas 1,755,000; Hauke Heseding 1,660,000; Mario Puccini 1,077,000; Pierre Mothes 1,073,000; Florian Schleps 850,000; …

Full Story: GREEK POKER TOURNEY WON BY BRIT PLAYER

CHANGING OF THE GUARD AT REGULATOR’S ASSOCIATION

November 19th, 2011
Posted in Articles

The International Association of Gaming Regulators has elected its first woman president in Susan Hensel, the director of licensing for the Pennsylvania Gaming Control Board.

Hensel takes over from outgoing president Serobi Maja, who is the chief executive officer of the Limpopo Gambling Board in South Africa.

Full Story: CHANGING OF THE GUARD AT REGULATOR’S ASSOCIATION

OPINIONS NOTED AT CONGRESSIONAL HEARING ON INTERNET POKER

November 19th, 2011
Posted in Articles

Friday's second hearing on internet poker legalisation by the House Energy and Commerce subcommittee on Commerce, Manufacturing, and Trade was held on schedule, with a range of for and against testimony being presented by an impressive list of witnesses.

Rep. Frank Wolf, a Virginia Republican was heard first, warning that legalising online poker was not a cure-all for revenue raising, and pointing to research that claimed that the social costs of gambling in terms of addiction …

Full Story: OPINIONS NOTED AT CONGRESSIONAL HEARING ON INTERNET POKER

INSURING THE BUBBLE FOR POKER PLAYERS

November 19th, 2011
Posted in Articles

Poker tournament fees can now - at least to some extent - be protected following the launch of a new service for players by Las Vegas-based Bubble Protection.com.

The new company offers online poker players the opportunity to insure their tournament entry fees against being lost “On the Bubble”, and has already signed up some impressive operators such as PokerStars, Party Poker and iPoker Networks, although its offer unfortunately does not at this time …

Full Story: INSURING THE BUBBLE FOR POKER PLAYERS

NEW GAMBLING CHIEF FOR FORTUNA

November 19th, 2011
Posted in Articles

Jiri Hosnedi only joined the lottery division of eastern European gambling group Fortuna Entertainment in June this year as operations and IT director, but already he has been promoted to general manager w.e.f. December 1st, according to a statement this week from the company.

He is to replace Martin Illner, who is departing for personal reasons.

Full Story: NEW GAMBLING CHIEF FOR FORTUNA

ONLINE GAMBLING OPPONENT DEFENDS STOCK DEALINGS

November 19th, 2011
Posted in Articles

The political repercussions of last weekend's "Sixty Minutes" program on political enrichment by using non-public information (see previous report) are rippling outwards, according to the latest media reports from the United States.

In the latest development, Rep. Barney Frank has written to Rep. Spencer Bachus, one of the politicians named in the Sixty Minutes expose and the current chairman of the powerful House Financial Services Committee, urging him to support a …

Full Story: ONLINE GAMBLING OPPONENT DEFENDS STOCK DEALINGS

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