All is not well on the island of Macau where casino gaming revenues have sunk to their lowest levels in nearly half a decade. According to statements from the island’s Secretary for Economy and Finance Lionel Leong Vai Tac, as reported by CalvinAyre.com, casino revenue for June could fall as low as $2 billion. While…
If you're one of those people who's always spouting off about how FIFA is totally corrupt and just hands out World Cup bids based on under-the-table cash exchanges, congratulations, you're probably right. Earlier this week, professional soccer's most esteemed governing body got hit with one of the biggest scandals its ever seen. (And, based on…
As of June 1, 2015, ChipSplit will be shutting down its affiliate program for good. Unlike many other affiliate programs that have shuttered in the past, ChipSplit says it will continue to pay affiliate for players they've already referred. While there certainly are detailed reasons of some kind or another behind the closure, they weren't…
New Zealand's Racing Minister, Nathan Guy, is very interested in online gambling, but don't go targeting him as a potential conversion just yet. Earlier this week Guy commissioned a study group to take a look at New Zealand's online gambling industry and figure out what to do about the problem of offshore gaming sites. That…
Online gambling sites in the UK and Europe were hit by a major wave of distributed denial of service (DDOS) attacks this week and weekend. Servers at companies including Betfair and PokerStars groaned under the weight of the assault while customers struggled to log on to their accounts. So far, no one has taken credit…
Everything old is new again at Zynga now that the company's founder, Mark Pincus, has retaken his spot as CEO of the once-mighty social gaming company. Pincus is replacing Don Mattick, who held the top spot for nearly two years. Pincus' return, and Mattick's exit, are just the latest in a long-running series of dramas…
Nevada Senator Harry Reid is dead set on banning regulated online gambling in the United States before leaving office in 2016. In a recent interview with Nevada Public Radio, the outgoing politician said he would support a ban on online gambling, but was open to an exemption for poker. "I believe that online gaming is…
The folks over at Paddy Power have a problem most businesses would kill to have...too much cash. Even better, for Paddy Power shareholders, the company will be handing back that pile of cash to their lucky shareholders over the next few years. According to published reports, the UK's largest independent bookmaker is sitting on a…
Paul Bell, a director at 666Bet, was arrested this weekend amid a swirl of accusations of money laundering and fraud. Authorities from the HM Revenue & Customs and National Crime Agency picked up Bell at Heathrow Airport. Besides Bell, six other 666Bet employees were arrested in connection with the case that's left the Isle of…
Betvictor gambled on its ability to boost revenues with its own, in-house live casino studio and lost. After 18 months of operation, the Malta-based operator is shuttering its live casino studios and moving on. The company's indigenous live casino facility had been in business since October, 2013 and was operated in conjunction with Media Live…
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