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South Africa Bans Online Poker
Written by B. Solomon | Wednesday, August 25th, 2010

Following the August 20th ruling at the North Gauteng High Court, online poker and all forms of online gambling are now strictly prohibited in South Africa. The Gauteng Gambling Board (GGB) had been fighting for a ban on online casinos for a while, and has sought... 

Singapore Casinos To Surpass Las Vegas By 2012
Written by B. Solomon | Monday, August 23rd, 2010

This year the island country of Singapore started permitting gambling within its borders after its two major resort developments were officially opened. The country was looking to diversify its economic sources of income, and so roughly US$10 billion was spent... 

PokerStars And Full Tilt Are “Operating Illegally” Says Bwin CEO
Written by B. Solomon | Thursday, August 19th, 2010

Online poker giants PokerStars And Full Tilt are both “operating illegally” in the US, according to Bwin CEOs Norbert Teufelberger and Manfred Bodner, in an interview given by them to EGRMagazine.com. Bwin has the world’s third strongest poker offering... 

Online Poker Processor Ahmad Khawaja Forfeits $13.3 Million Seized By FBI
Written by B. Solomon | Wednesday, August 18th, 2010

The US Government has agreed to keep $13.3 million seized from two online gaming payment processing companies in exchange for letting them off their immediate legal troubles. Both companies were run by Ahmad Khawaja and the $13.3 million taken by the FBI represents... 

CryptoLogic Shares Plunge As CEO Quits Following $12.7 Million Q2 Losses
Written by B. Solomon | Thursday, August 12th, 2010

CEO Brian Hadfield of Gaming software provider CryptoLogic has just announced his resignation after the company posted a record Q2 loss of $12.7m. CryptoLogic had previously posted a $3.2m loss for Q1 and the huge loss for Q2 of $12.7m was enough to have Chairman... 

PokerTek Announces Net Loss Of $2 Million For Q2 2010
Written by B. Solomon | Tuesday, August 10th, 2010

Casino and amusement product maker PokerTek have just announced its financial results, revealing a net loss for the company in the second quarter of 2010 of $2.04 million. The second quarter results announced by the company show that its total revenue reached... 

Macau Casino Revenue Soars 70% In July To $2 Billion
Written by B. Solomon | Tuesday, August 3rd, 2010

The Chinese peninsula of Macau is dubbed the “Monte Carlo of the Orient” and took over the mantle of world’s biggest gambling resort from Las Vegas in 2006. While Vegas continues to languish in the doldrums, Macau’s monthly casino revenues keep on going... 

888.com Q2 Results Remain Unchanged At $61m
Written by B. Solomon | Tuesday, August 3rd, 2010

British online gaming group 888 Holdings plc have just released their Q2 2010 financial results, which show total operating income unchanged from the same period a year earlier at $61m. However, there was an increase of 10% in the company’s total operating... 

What’s Next For The US Online Gambling Industry?
Written by B. Solomon | Friday, July 30th, 2010

Following Wednesday’s passing of Rep. Barney Frank’s online gambling bill by the ‘House Committee on Financial Services,’ the question is what happens next in the drive to legalize the online gaming market in the United States. Frank’s... 

PartyGaming And Bwin Form World’s Biggest Online-Gambling Operation
Written by B. Solomon | Thursday, July 29th, 2010

After months of discussions, PartyGaming And Bwin have finally announced their decision to merge their businesses and form the  world’s largest online gambling company. Providing shareholders approve the merger, Bwin will own 51.4% of the new business while...