Are the best days for the Bitcoins company already in the rear view mirror? That's what renowned economist Simon Johnson told attendees at the Massachusetts Institute of Technology (MIT) Review’s EmTech conference recently. According to Johnson, who is also a a professor of entrepreneurship at the school's Sloan School of Management, the Bitcoin economy is…
[caption id="attachment_37585" align="alignright" width="244" caption="GCC Chief, AG Burnett"][/caption] The Nevada Gaming Control Commission (GCC) is giving three big-time online poker operators a little more time to get their acts together. Under Nevada law, operators have six months to launch their sites after getting the final okay on their online operators licenses. MGM Resorts International, Boyd Gaming…
[caption id="attachment_37546" align="alignright" width="204" caption="Joe Brennan Jr."][/caption] Joe Brennan, Jr. In his role as the chief Interactive Media Entertainment and Gaming Association (IMEGA) Joe Brennan Jr., is tasked with keeping the industry's best interests in front of politicians and policy makers. At the same time, Brennan is the sort of brutally honest leader that most…
Online casino affiliates, take note! New Jersey gaming regulators have officially confirmed what igaming industry watchers have known for weeks; Garden State online gambling will officially launch on November 26. The Department of Gaming Enforcement (DGE) also unveiled some new details about the rules that NJ players and operators will abide by post-launch date. The…
[caption id="attachment_37387" align="alignright" width="200" caption="Challenges abound in the Spanish igaming market."][/caption] Are excessive taxes hurting the Spain's online gambling market? That's the conclusion drawn by a new Deloitte report titled, Report on the Taxation of Online Gambling. According to Deloitte, Spain's sky high internet gambling taxes could be costing the country as much as €72.5…
Bulgarian gaming regulators issued their first online sports betting license this week to the Malta-based Eurofootball site. The operator will be paying around €20,000 ($27,000 USD) for the privilege. [caption id="attachment_37093" align="alignright" width="300" caption="Bulgarian sports betting is ready for action!"][/caption] News of the sportsbook sites' license (which was first reported by EGR Magazine) is especially…
[caption id="attachment_36929" align="alignright" width="220" caption="David Carruthers."][/caption] David Carruthers Back in 2006 David Carruthers, then the CEO of BetonSports.com, was on a flight from the UK to Costa Rica where the internet gambling site was based. Though he knew the flight had a brief layover in Dallas-Fort Worth, Texas, he definitely didn't know he would be…
[caption id="attachment_36958" align="alignright" width="194" caption="NJ DGE Director, David Rebuck"][/caption] New Jersey gaming regulators have set November 23 as the first day of Garden State regulated online gambling. Though no official announcement has come from the New Jersey Division of Gaming Enforcement (DGE), the news is being reported by multiple, reliable gambling news sources such as…
American affiliates and former employees of Full Tilt Poker might find themselves frozen out of the remission process that's just getting ready to pay out. The bombshell news is unconfirmed, and first surfaced in an e-mail from the Garden City Group that was posted on Poker Players Alliance Vice President Rich Muny's Facebook page. The…
Italy's Parliament gave a Master's level seminar on dysfunction last week by accidentally banning igaming for a one-year period. The motion, which is expected to be reversed, called for a 12-month ban on the issuing of new gambling licenses and the suspension of active licenses. Though details about how the bill actually gained any traction…
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