October 2006 News Article Archive

« Year 2006 Summary

32Red’s Latest Acquisition Joins the World’s leading Poker Network - 25 October 2006
BetDirect has become the latest big name to choose Microgaming software for its poker and casino products, following its acquisition by 32Red Plc. The news means that BetDirect Poker becomes part of the Microgaming Poker Network with immediate effect.BetDirect (http://www.betdirect.net) brings the total number of new p - read more »

Online Poker Room Celebrates the Billionth Hand - 24 October 2006
Royal Vegas Poker celebrated the billionth hand dealt by The Microgaming Poker Network with an incredible variety of prizes to the ecstatic Billionth Hand Promotion winners.The Billionth Hand Promotion gave poker players (http://www.royalvegaspoker.com) the opportunity to win large cash prizes, awesome Freeroll Tournam - read more »

Household Slots Tournament Adds Excitement - 24 October 2006
Logged on side-by-side - one on the family PC and the other using WebTV - a husband and wife team at Slotland.com has created their own household tournament. When players TOOTY and REENY34 go head to head, the jackpot prize -- picking a chore for the loser to do -- can be better than cash they say.“My wife and I have - read more »

Poker Superstars Return to Asia - 19 October 2006
They are good friends and two of the hottest names in poker. Originating from Vietnam, they have built their poker careers in America.John “The Razor” Phan has close to $3m in tournament winnings. With numerous results on the World Poker Tour (WPT) and at the World Series of Poker (WSOP), he was inches from being poker - read more »

Gala keen to bid for Tote, not for Internet rivals - 18 October 2006
Europe's biggest gambling firm Gala would bid for UK state-owned bookmaker the Tote as soon as it became available, but is not targeting any of Britain's listed Internet gambling firms, its chief executive said on Wednesday. The UK government is now considering its options after last month rejecting an offer of around - read more »

Online Gambling Flourishes in Costa Rica - 17 October 2006
Several operators of Internet gambling sites in Costa Rica known as "sportsbooks" say their businesses will not be significantly affected by a new U.S. law prohibiting bank and credit card payments to the sites.U.S. President Bush signed legislation Friday aimed at prohibiting the credit card and electronic fund transa - read more »

Betfair Launches Zero Edge Casino - 16 October 2006
Betfair Games, the Malta-based gaming arm of the world's leading betting exchange, has launched a revolutionary new casino with no house edge.The Zero Lounge is part of Betfair's new online casino and is expected to attract more than 80 percent of Betfair's casino users.Adapted versions of Blackjack, Roulette, Jacks or - read more »

$119 Million USD Jackpot, Next Friday, in Euromillions, the Richest European Lottery - 16 October 2006
Winning the lottery may not be a guarantee but nobody knows until they actually play. The premiere jackpot took place on Friday 13th February, 1994. This was for the amount of 15 million Euros. The highest amount was over €115,000,000. It was presented by Camelot in the United Kingdom, Francaise des Jeux in France and - read more »

Will Players be Burning Down Our House? - 16 October 2006
Many online gaming companies may well wish they had come up with a better plot to deal with the impact of recent US legisliation. The likes of Sportingbet, BetonSports, Partygaming, Paradise Poker and the rest will be putting the finfishing touches to systemes to eleminate US play this weekend.www.getminted.com has dec - read more »

Chips are down in the online gaming sector - 16 October 2006
Investors will get another glimpse at the health of the retail sector this week when a clutch of second-tier firms come to the market with updates.Two of the biggest firms in the UK-based gaming sector will give an insight into how they plan to cope without customers from the United States.Paradise Poker chain Sporting - read more »

Sportingbet Shares Rise on U.S. Sale as Web Gambling Ban Nears - 13 October 2006
Shares of Sportingbet Plc, the owner of Paradise Poker, rose as much as 12 percent after the company sold its operations in the U.S., where lawmakers are preparing to ban Internet gambling. Jazette Enterprises Ltd. bought the company's U.S. sports betting and casino operations for a nominal amount of $1, London-based S - read more »

Poker players battle crackdown on Internet gambling - 12 October 2006
Online poker players are nervously awaiting President Bush's expected signature this week on legislation that would kick them out of their virtual casinos.The measure, designed to block the financial transactions that have fueled Internet gambling, was quietly attached to a port security bill in a flurry of last-minute - read more »

Exclusive Mayfair Poker Club Applies for Three More Licenses - 12 October 2006
The Fox Poker Club (www.foxpokerclub.com) has made further applications to the Gambling Commission for Certificates of Consent for another venue in London and elsewhere in the UK. The Fox Poker Club is therefore now seeking the necessary planning permissions from local authorities.This makes the total number of four ap - read more »

Optimal Group's FireOne Group plc Subsidiary to Cease Certain U.S. Facing Operations - 10 October 2006
On October 2, 2006, Optimal Group Inc. (NASDAQ:OPMR) made an announcement regarding the passing of the Unlawful Internet Gambling Enforcement Act of 2006 by the United States Congress and its impact upon FireOne Group plc, and therefore the Company. Optimal Group holds approximately 76% of the issued and outstanding sh - read more »

Online gambling won't be only losing hand under law - 10 October 2006
Late last month, as Congress rushed to adjourn, lawmakers passed legislation that would make it a crime for credit card companies and banks to send payments to Internet gambling sites.The measure was attached at the 11th hour to an unrelated bill on port security. If the president signs the legislation, as expected, it - read more »

Ohio Man Hits $2.1M Jackpot - 10 October 2006
Walter Aho attributes his new-found wealth to a higher power.Aho, 47, of Fowler, Ohio, recently won a $2,143,088 jackpot at Mountaineer Race Track & Gaming Resort in Chester. Fowler is located near Youngstown, Ohio, which is about two hours north of Wheeling and an hour north of Chester.“This feels fantastic, and it co - read more »

Interior Department employees spend hours on sex, gambling Web sites - 05 October 2006
In one week, several Interior Department workers spent more than 30 minutes on sexually explicit Web sites.That same week, another computer showed more than 2,300 log entries at two Internet game sites for about 14 hours.Still another was logged into an Internet auction for almost eight hours.Those were just some of th - read more »

Costner Takes Casino Battle to South Dakota Supreme Court - 05 October 2006
Actor/director Kevin Costner is asking the South Dakota Supreme Court to help him sever ties with two business partners in a Deadwood casino he owns.The star is asking the court to send the case back to a judge for a final decision so he can become the sole owner of the Midnight Star, an eating and gambling establishme - read more »

Gamblers, online firms look to skirt new rules - 03 October 2006
Millions of U.S. online gamblers - and the offshore companies that take their bets over the Internet - began scrambling Monday to find ways to get around new rules meant to quash the burgeoning business of online wagering.The new rules, which Congress approved Saturday and await President Bush's signature to become law - read more »

Biggest online gaming company threatens to pull out of country - 03 October 2006
Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived Monday after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming.PartyGaming, the world's biggest online gambling company, said it would pull out - read more »

Private-equity firms make $15.05B offer for Harrah's - 03 October 2006
Harrah's Entertainment received a $15.05 billion offer for the company from two private-equity firms in what would be the biggest deal ever for a casino operator and the fifth-largest leveraged buyout in history.Harrah's said Monday that Apollo Management and Texas Pacific Group are offering $81 per share in cash, a 22 - read more »

US drive against Internet gambling seen doomed - 03 October 2006
US lawmakers' high-stakes and morally charged offensive on Internet gamblers has as much chance of success as America's 1920s Prohibition against alcohol, several analysts said Monday. The Republican-controlled Congress Saturday hustled through a bill that outlaws US banks and credit card companies from processing onli - read more »

Online bets bill takes a bite out of U.K. sites - 03 October 2006
Shares in British online gambling companies, including Sportingbet PLC and PartyGaming PLC, dived Monday after the U.S. Congress passed legislation prohibiting the use of credit cards, checks and electronic fund transfers for online gaming. PartyGaming, the world's biggest online gambling company, said it would pull ou - read more »