Gambling News Archive

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Top Navy Man Punished In Fake Chip Case

Admiral keeps his job, but is reprimanded InfoPowa readers may recall a fake chip case last year at the Horseshoe Casino in Iowa in which US Navy Rear Admiral Timothy Giardina was implicated. The investigation attracted international media coverage due to Admiral Giardina's sensitive professional position at the time - he was deputy commander of U.S. Strategic Command in Omaha, Nebraska and responsible for nuclear weapons. The officer was demoted to two-star rank and transferred to a Washington desk job

By Casinomeister May 9, 2014

Uk Court Jails Fraudster For Four Years

Daughter left mother destitute and in debt A UK court has sentenced 54-year old Abbi Kinsella to four years in jail after she stole her mother, Margaret Bowyer's GBP 100 000 life savings to fuel a gambling habit. Kinsella, a former lotto winner of GBP 175 000, left her mother destitute after she transferred GBP 61 000 from her mother's account into her own and withdrew GBP 38 000 in cash over a period of three years. During this time,

By Casinomeister May 9, 2014

U.k. Gambling Commission Completes Consultation On Player Funds Safety (update)

Player deposits must be segregated from operational funds Following a three-month public consultation, the UK Gambling Commission has framed the approach it will take to the protection of player funds, a particularly important issue from the online player perspective after some spectacular operator failures that have left players stranded (see Purple Lounge and other InfoPowa reports) In broad terms, the regulator will require that operators use different bank accounts to strictly segregate player funds from operational monies. This basic protection

By Casinomeister May 9, 2014

U.k. Premier League Teams May Suffer From Government's Bookie Decisions

Clampdown on internet gambling companies could result in a loss of up to GBP 90 million for football clubs With additional government taxation, point of consumption regulations on internet gambling, restrictions on betting limits and retail betting shop locations, it's been a depressing couple of months for UK online bookmaking companies, but British Premier League football clubs could be feeling the impact as well, according to a report in the Financial Times. In an article by Roger Blitz the respected

By Casinomeister May 9, 2014

Ukash Signs Up Betfair

Punters can now use cash vouchers online Online cash payments provider, Ukash announced Friday that online gambling group Betfair has signed up to its popular service, which enables customers to use cash to transact online with betting companies. Betfair customers who pass strict verification processes will be able to make cash deposits into their accounts through Ukash vouchers, which are available from over 50,000 sale points in the UK, with a reverse process being available to make cash withdrawals. The

By Casinomeister May 9, 2014

Unfavourable Sports Betting Results Impact Fortuna Entertainment

Central European company posts a 17 percent drop in earnings, but online operations perform well Czech betting company Fortuna Entertainment Group posted a 17 percent drop in EBITDA in the first quarter due to unfavourable sporting results in January, the Central European fixed-odds betting operator revealed this week in posting its unaudited consolidated results for the first quarter of 2014. EBITDA fell to Euro 9.4 million ($13.10 million) from Euro 11.3 million a year earlier and below the average estimate

By Casinomeister May 9, 2014

Unibet Awards Aussie Advertising Account To Leo Burnett

Marketing a critical activity in a competitive sector The international online betting firm Unibet has fired the Leo Burnett advertising agency in Sydney to drive its marketing efforts in the highly competitive Australian gambling market, where the company faces formidable rivals like Ladbrokes, Paddy Power and William Hill. Patrik Andersson, general manager of Unibet Australia, told the publication AdNews that the Australian betting market is mature, and it was very important to find a partner that would help differentiate Unibet

By Casinomeister May 9, 2014

U.s. Land Casino And Racing Firm Wants To Launch Mobile Action

Greenwood Gaming & Entertainment wants on-premises mobile facilities for Parx Casino Greenwood Gaming & Entertainment, the owner of the Philadelphia-based Parx Casino and Racing company, announced this week that it is to seek permission to use mobile gambling technology within the Parx premises in much the same way as has now become common practice in New Jersey and Nevada land casinos. Parx appears to have settled on the WMS Betcloud system for the initiative, technology that has proved effective on

By Casinomeister May 9, 2014

Ader Reacts To Online Gambling Group's Opposition

Activist investor's latest move is a website detailing what he thinks is wrong with Bwin.Party Hot on the heels of Bwin.Party's advisory to shareholders not to support four directorship nominations from Jason Ader's SpringOwl company (see previous InfoPowa reports) comes the news that the activist investor has hit back with a website detailing the shortcomings of Bwin.Party management, and providing biographical information on his four nominees. The website www.savebwinparty.com highlights the need for change at the major European online gambling

By Casinomeister May 2, 2014

Another 'u.s. Veterans' Internet Cafe Defendant Pleads Guilty

Robert Freitas is also a vice president of the Jacksonville Fraternal Order of Police The massive 'Allied Veterans of the World' internet cafe gambling bust in Florida last year claimed another victim this week when Robert Freitas pleaded guilty in connection with his part in the $300 million gambling ring. Freitas, who is also a vice president of the Jacksonville Fraternal Order of Police, has agreed to testify against other defendants, if necessary, and is unlikely to serve more jail

By Casinomeister May 2, 2014

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