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Iowa Assuming to be the first state legalize online gambling

Thursday, March 11th, 2010

Online poker is assumed to finally find its legal status in US. And the first among the US states to legalize online poker is supposedly the state of Iowa. The representative of Iowa Doug Struyk is now approaching the state to work towards the endeavor as the time is right.

According to Struyk online gambling is an “account deposit wagering”, and he supports online casino. He shares some of the most interesting facts on online gambling stating that around 50,000 Iowans take part in online casino activity and online poker on regular basis. He feels, with online gambling legalized in the state local casino website owners can offer reliable online casino games to the people of the state. This is so since several out of the state online casinos often provide gambling facilities that bluff players and take over the win money. Players often lose thousands of dollars.

The proposal sent by him will help Iowan citizens open online accounts at the state casinos. Even though he supports the bill entirely, he feels it has below average chances to get passed. The only chance of the proposal to make an impression at the legislature is when the public is properly educated about it. However, the House Majority Leader feels the concept of legalizing online gambling in Iowa is new and people are not ready to accept yet.

Democrat from Des Moines, Iowa, Kevin McCarthy states that legalizing online gambling in Iowa will come up as the major expansion in the field of online gambling in US. Iowa will then be the first state in US with legal online gambling.

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Online Gambling – Risk or Gain for Tribal Casinos?

Wednesday, March 10th, 2010

There is a possibility of internet poker to be legalized in the US. And it’s becoming a serious issue to some of the tribal leaders. They doubt that it will have an impact on the revenue from tribal government casinos.

After the Morongo Band of Mission Indians has proposed an intrastate Internet poker site in joint venture with Los Angeles area card clubs, the debate is hovering in the air of California. California tribes create an amount of $7.3 billion casino revenue in a year.

As Rep. Barney Frank, D-Mass., is supporting federal legislation authorizing, controlling and taxing Internet poker; Morongo’s proposal has gained motion. Frank’s bill is one of three legislations in Congress that would authorize online gambling while the other two include the Bipartisan Tax Fairness and Simplification Act sponsored by Sens. Ron Wyden, D-Ore., and Judd Gregg, R-N.H.

Robert Smith, the Chairman of the Pala Band of Mission Indians and one of the Directors of the California Tribal Business Alliance, has also supported the fact that online card game betting would take business away from real casinos. To him the Morongo proposal is “a Trojan horse for the wholesale expansion of non-Indian, off-reservation gambling”.

The Tribal Alliance of Sovereign Indian Nations, comprising 14 most successful gaming tribes of southern California, is against the federal legislation. Tribal Chief Miko Beasley Denson of the Mississippi Band of Choctaw Indians and the United South and Eastern Tribes has also requested Congress to revise the issue.

The ongoing federal law does not ban intrastate online gambling. But it is more profitable to create interstate, online player-banked poker sites in states like California. States which have less number of people are not able to generate a considerable amount of betting pool. It is not possible to support intrastate Internet gaming system for states like Connecticut and Mississippi.

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Online Gambling Gaining Despite of UIGEA

Monday, March 8th, 2010

US Congress had introduced Unlawful Internet Gambling Enforcement Act (UIGEA) in the year 2006. It declared any kind of transaction related to online gambling as illegal. UIGEA never regarded online casino gambling as illegal. However, the underlying assumption is very clear. After this Act was introduced in the US Congress, many online casinos operating from US stopped operation. Moreover, most online casinos stopped accepting US players. Many thought that online casino gambling market has come to the verge of end. But reality is showing something different.

Industry analysts say that this draconian law is meant to support land based casinos over online casinos. Federal government is tilting the round in favor of land based gambling.

What does the new survey reveal?

According to a new survey, it has been found out that the total number of people visiting land based casinos is declining at a continuous rate. However, the total number of players in the online casinos are increasing at a very fast pace. This increasing figure of players in online casinos has come up inspite of the fact that Federal government is consistently trying to block online casinos from the reach of US players through UIGEA (in a covert manner).

The report published by Mintel International Group has said that the total percentage of US players visiting land based casinos decreased from 35% to 30% during 2001 to 2009.

Despite of UIGEA, it has been found out by Mintel International Group that 12% of total number of US adult players have played online gambling in several online casinos.

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Online gambling regulated in Florida

Thursday, March 4th, 2010

According to rumor mills US is finally taking gradual steps in uplifting the ban on online gambling or rather regulating online gambling. Among the many states Florida is probably thought to be one of the first states to regulate gambling online. Representative Joseph Abruzzo has registered the Internet Poker Consumer Protection and Revenue Generation Act of 2010 on Friday.

The legislation defined about online gambling and the fully regulated system related to it. In case the petition is approved by the Florida state lawmakers Florida will probably turn out to be the first state to utilize rules from Unlawful Internet Gambling Enforcement Act of 2006. In 2006 UIGEA was enforced to get rid of online gambling in the country, however, in the ensuing years the industry showed a major expansion. However, UIGEA allows intrastate Internet gambling when related to gambling. The legislation filed by Abruzzo took advantage of this clause.

The Bill if approved will allow online gambling hubs to operate online poker sites however by following the strict guidelines. Again the operators must buy a business license in Florida, and also obtain license from one or more states in US. The license must include the permission to offer poker games online outside the state of US.

The minimum age for gambling would be 21 and special safety will be taken to secure players from money laundering. The software used by online poker must be insured and safe. Further licensing of online gambling operators will assure safety against any possible fraud. Once the bill is passed special rules will be issued to set an upper limit to the amount of deposits a player can keep in one day. This will help to reduce gambling addiction.

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St. Patty’s Freeroll Tournament by Go Casino

Wednesday, March 3rd, 2010

Go Casino is going to host exciting St. Patty’s Freeroll Tournament in the month of March. The declared prize money pool for this contest is $150,000.

St. Patrick is the patron saint of the Irish and to pay a tribute to him, 17th March is commemorated as St. Patrick’s Day. Online casino players believe that St. Patrick will bring fortune for them.

The very word ‘freeroll’ has an attraction of its own. No entry fee is required for the tournament. It also offers a re-buy option. The exciting event is going to be started on 5th March and it will continue up to 17th March. But the greatest aspect of the tournament is its huge amount of prize money pool for which Go Casino is known. All the 1000 contestants will get a share of the $150,000, with the winner receiving $60,000.

St. Patty’s Freeroll will be played on the slot game ‘Wheel of Chance’, powered by Vegas Technology. It is based on the popular TV game show ‘Wheel of Fortune’. The players will get plenty of chances to increase their chip balance. The wild Diamond symbol will double the amount of payout. If 5 of these symbols come out on a permitted payline, the player will be offered a jackpot of 8000 coins. The best of the lot is the Wheel of Chance bonus game.

While going to participate in St Patty’s Freeroll, the players can also take part in the March kickoff contest. This $15,000 guaranteed prize money pool event starts on 2nd March and it will continue up to 5th March.

Get ready to go to Go Casino and win loads of prizes.

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CryptoLogic’s Financial Report for 2009

Tuesday, March 2nd, 2010

CryptoLogic, the most well-known global developer of online gambling games and software, has declared its financial report for the year 2009.

Highlights of 2009 financial report

  • The revenue, which was $61.5 million in 2008, is reduced to $39.8 million. The probable causes are lower betting activity, unfavorable currency factors and a diminished payment from a major licensee
  • Net loss of $35.5 million in comparison to $32.7 million of 2008
  • Total annual recurring cost (Consisting of operating, general, administrative, finance and pay back expenditure) is decreased by $20.6 million to $55.0 million
  • Unification of poker network with that of GTECH Corporation in order to reduce cost
  • Revenue for branded games which was $0.3 million in 2008, is raised to $2.8 million
  • Entire licensee base has been increased by 20 along with more than 30 top online gambling operators
  • Contract with DC Comics to develop games on Batman, Superman and Wonder Woman and with Paramount Digital Entertainment for movie-based games
  • Reduced rate of loss per share of $2.78 (which was $2.55 in 2008)
  • Total dividend declared for the year is $1.4 million ($5.4 in 2008)

In addition to them, 4th quarter of 2009 saw

  • Branded games revenue increased to $1.2 million
  • Number of branded games is doubled (66 from 33 of 3rd quarter)
  • Deal with virtual casino lobby to improve revenue
  • Relocation of Cyprus office to Malta in order to make more efficient operation
  • Contract with BetClic, Rank Interactive and UniBet
  • Launched games on Batman, Wonder Woman, Monkeys to Mars, Triple Action Hold’em and Aces and Faces

According to the words of Brian Hadfield, the President and CEO of the organization, 2009 was a tough year for CryptoLogic. They have come into 2010 and in this present year, their focus will be on

  • Reducing expenditure
  • Giving impetus to branded games
  • Increasing revenue
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Online Casino March Tournaments – March Madness – Xhilarating Tourneys

Tuesday, March 2nd, 2010

march tournamentsMarch Madness Online Casino Tournaments are on…. Do you want to be a part of this series of online casino tournaments of March madness? If yes, then you should have a look at the different March tournaments of different renowned online casinos.

The 5 renowned online casinos for which the comprehensive list of March Madness online casino tournaments are given are Online Vegas Casino, Go Casino, Crazy Slots Casino, Super Slots Casino and English Harbour Casino.

Joint March Tournaments Casino Madness – 3 Casinos in Unison – Online Vegas, Go Casino & Crazy Slots

Guaranteed Prize Money of More Than US$ 480,000 in March Madness

3 renowned online casinos – Online Vegas Casino, Go Casino and Crazy Slots Casino – have joined hands to bring one of the HOTTEST Online Casino March Tournaments Madness. The total amount of prize money that a player can win from this March Madness is more than the mammoth amount of US$ 480,000.

1st Tournament – March Kickoff $15,000 Guaranteed

(From 2nd March 2010 to 5th March 2010)

The name of the game is “Dynasty”

Entry fee and the re-buy fees are both US$ 8.99

Stake is 300

Prize Pool is a significant amount of US$ 15,000

2nd Tournament – $150,000 Guaranteed Countdown to St. Pattys Freeroll

(From 5th March 2010 to 17th March 2010)

The name of the game is “5 Reel Wheel of Chance”

Entry fee is FREE and the re-buy fee is US$ 12.99

Stake is 100

Prize Pool is a mammoth amount of US$ 150,000

3rd Tournament – Hoops Madness $2,500 Guaranteed Freeroll

(From 18th March 2010 to 19th March 2010)

The name of the game is “Dennis Rodman”

Entry fee is FREE and the re-buy fee is US$ 2.50

Stake is 80

Prize Pool is a formidable amount of US$ 2,500

4th Tournament – 50K Guaranteed Weekend Madness 30K plus 20K BB

(From 19th March 2010 to 23rd March 2010)

The name of the game is “Cleopatras Pyramid”

Entry fee and the re-buy fees are both US$ 12.99

Stake is 325

Prize Pool is a lucrative amount of US$ US$ 50,000

5th Tournament – 50K Guaranteed Weekend Madness 30K plus 20K BB

(From 26th March 2010 to 30th March 2010)

The name of the game is “Reel Deel”

Entry fee and the re-buy fees are both US$ 12.99

Stake is 325

Prize Pool is an exhilarating amount of US$ US$ 50,000

Casino March Madness Tournaments – 2 Casinos Madness – Super Slots and English Harbour

English Harbour Casino and Super Slots casino is bringing the BIGGEST online casino tournament of XTREMELY lucrative PRIZES. The total prize money of the tourney is a MAMMOTH US$ 300,000. The featured game of this Slots tournament is “Magic Monkey”. Entry fee is a paltry amount of US$ 10 and re-buying options are available too. This March Tournament will continue for the entire month of March, starting from 01.03.10 and ending on 31.03.10. The winner of this tourney will bag a lucrative sum of US$ 150,000.

So, what are you waiting for? RUSH-n-NJOY the online casino tournaments of these 5 renowned online casinos.

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Go Casino with fabulous bonus cash

Sunday, February 28th, 2010

Go Casino with its huge line of exciting games and lots of fun has entertained gamers throughout the month of February. Now, with the month of March approaching gradually Go Casino is right here prepared to please you with its utterly fantastic bonus cash and free slots games. If you have missed the fun this month, this casino is making special arrangements to ensure you oodles of amusement starting right here.

So, if you want to taste some fun and excitement get your box of popcorn, relax and visit Go Casino today. You can win the biggest welcome bonus ever with a visit to Go Casino, earn up to a whopping amount of $20,000. Besides, the incredible game action will sweep you of your feet. You can get your welcome bonus up to the first twenty deposits. With every deposit you can get 100% match bonus with a value of $1,000. Now, with such a huge amount of welcome bonus your winning chances are increased manifold.

And that’s not all; Go Casino owes its long list of followers due to many other factors. One such factor is the wonderful opportunity of free entry to several slots tournaments. Visit the website today and you can get the best slots game ever. Besides, the tournaments offer massive prize pool up to an amount of $425,000. So, get ready to welcome the month of March and participate in the March Madness Slots tournaments arriving shortly. If you still have a free entry voucher make the best se of it and get a free entry to the coming tournaments. The entry fee is down to $14.99, with re-buys of the same amount.

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Marvel Superhero Action Figures Becoming Popular In Online Casino

Sunday, February 28th, 2010

The concept of superhero has come into the world of online casino.  Now you can spot the Marvel Superhero action figures not only in the comic books or video games, they are available in the online casino games as well. They are mainly used in the slots machines to make it even more thrilling.

Previously we were accustomed to see the Marvel Superhero action figures in the famous comic books like Hulk and Iron Man. But in recent times, they have been introduced in cinemas and computer games.

At the moment, online casinos are looking for unique ways to draw players and by this, they have hit the jackpot. Online slots, by using top superhero figures, have moved to the next level. Some of the well-known casinos have put in new Marvel Comics superheroes to their range of casino slots and some of them include Blade, Daredevil, Elektra, Fantastic Four, and X-Men.

Superhero action figures have always been a popular choice for casino players. It gives them an opportunity to revive the charm of their childhood Marvel comics. The appearances of Marvel Superhero action characters have turned out to be a real achievement. As gaming software started combining the Marvel superheroes with their online casino games, they have come towards adult audience.

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Online Gambling Gets a Boost After Yahoo and Bing Agreement

Thursday, February 25th, 2010
online casino news

online casino news

Online gambling industry received a shot in the arm after the two search engine behemoths, Yahoo and Bing, had an agreement. The Federal government of United States of America and the European Union has taken a landmark decision of allowing YAHOO & BING to combine their SEs (Search Engines).

So, what’s the big deal?

Google’s market share of the US search engine market is around 65%. On the other hand, Yahoo’s search engine market share is 17% and that of Bing’s is 11.3%. The great combining of the SE giants, namely Yahoo and Microsoft’s Bing, will catapult their joint market share to 30%. According to the consolidation move, the search results of the search engine – Yahoo will be powered by Microsoft’s Bing. This consolidation will surely help Bing to compete the largest player of the search engine market, Google.

But what’s the advantage of Online Gambling industry with this search engine consolidation of Yahoo and Bing?

Some Forewords: One of the main reasons of the enormous growth of online gambling industry in the last one decade has been online advertising. But in the recent past it has been witnessed that online gambling is being shunned by the advertising websites as well as the PPC medium. The only medium that is still left for the online gambling industry to promote itself is the organic search results of various search engines. All search engines are still allowing the online gambling industry to be projected in the general (or organic) search result and don’t interfere with viewers’ choice of accessing online gambling and casino websites.

Online Gambling Industry & Consolidation of Yahoo and Bing:

From now on, the search results of Yahoo will be powered by Microsoft’s search engine – Bing. This consolidation of SEs will help the gambling aficionados to get more relevant and targeted search results, which will ultimately benefit the online gambling industry as a whole through increased business.

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