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Germany Hands Out More Gaming Licenses

[caption id="attachment_30461" align="aligncenter" width="425" caption="Three More Operators Get Licensed"][/caption] Victor Chandler, Interwetten and bet90 are now among the three new additions to the list of 15 operators licensed by The Ministry of the Interior of Schleswig Holstein in Germany. It’s not an easy process to get a license in Germany as experienced by Betfair. Even…

Caesars Prepares For Nevada Gaming License

[caption id="attachment_30395" align="aligncenter" width="425" caption="Caesars Wants To Play Online"][/caption] Caesars Interactive Entertainment will be in a hearing this week, prepared to get an intrastate online poker license from the Nevada Gaming Commission.  This will be a “must have” license, as they are not just a huge gaming brand in the US but also the proud…

UK Govt. Eyes Major Changes to Gaming Regulations

[caption id="attachment_30387" align="alignright" width="284" caption="Hugh Robertson, Minister for Sports and Tourism"][/caption] Gaming operators in the massive UK market could be looking at some serious regulatory changes if a new draft Gambling Bill makes its way into law. Under the terms of the proposed legislation, any gaming operator serving the UK market would be required to…

Online Poker Revenue Could Save the US Government

[caption id="attachment_30338" align="alignright" width="277" caption="Passing Reid-Kyl doesn't have to be so tough."][/caption] Could online poker revenues prevent a fiscal catastrophe in the United States? That's the point financial blogger Travis Hoium made in very interesting posting on Motley Fool this week. According to Hoium, the US Government is currently making the classic mistake of leaving…

Pinnacle Sports Owner Out To Fight Indictments

[caption id="attachment_30289" align="aligncenter" width="425" caption="Pinnacle Owner Hires Top Lawyer"][/caption] Pinnacle Sports owner Stanley Tomchin is not going down without a fight and has hired high profile gaming lawyer Jeff Ifrah, a partner of the Washington DC based law firm Ifrah Law who also represents Full Tilt Poker. The indictments were sent out last month from…

Betfair Prepares To Exit Greece

[caption id="attachment_30117" align="aligncenter" width="425" caption="Betfair Withdraws From Greece"][/caption] Betfair, one of the major European gaming companies, is now making plans to leave Greece because of the need for more clarity in regards to their regulation process.  Betfair is claiming that the existing Greek regulations do not comply with EU laws, which currently is only set…

Breaking News: DOJ and Full Tilt Poker Player Refunds

[caption id="attachment_30002" align="aligncenter" width="425" caption="Player Funds Will Soon Be On The Way"][/caption] The United States Attorney’s Office for the Southern District of New York has announced that is currently evaluating applicants who will be in charge of handling all the remitted payments to players from Full Tilt Poker. Once a claim administrator is put into…

Bwin Argentina License Now Revoked

[caption id="attachment_29949" align="aligncenter" width="425" caption="Argentina says Bwin is in Breach Of Contract"][/caption] As 2012 winds down Bwin has been a hot topic on both sides of the pond.  First with the detainment of the Co-CEO and questioning for operating illegally in Belgium and now Argentina has pulled their license to operate there. According to The…

What’s Next for the Reid-Kyl Online Poker Bill?

[caption id="attachment_29921" align="alignright" width="277" caption="Kyl (left), Reid (right)"][/caption] We've got some advice for anyone who was hoping to see Congress pass the Reid-Kyl online poker bill anytime soon: don't hold your breath. Thanks to political infighting and some serious flaws in the draft versions of the bill, no one involved is feeling bullish about its…

MGM Resorts, 2 More Secure Nevada Gaming Licenses

[caption id="attachment_29846" align="aligncenter" width="425" caption="MGM Grand Is Ready To Play Online Poker"][/caption] The Nevada Gaming Commission licenses are rolling off the approval assembly line with three more companies ready to operate in the state’s new intrastate online poker industry. Number one is the big brand MGM Resort who secured a license along with two other…