Online Casino and Gambling News: October 2010

Banking and gambling dominate European football sponsorship

The biggest deals in football used to be multimillion dollar transfers to land the sport's biggest stars. These days, arguably the most important signings for Europe's top clubs are the corporate sponsors on the front of their uniforms, reports the Wall Street Journal.

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Betfair considers moving offshore

UK based online betting firms pay a gross profits tax of 15% which has prompted other operators including Ladbrokes and William Hill to move their operations offshore. Betfair is of the opinion that there is no distinction in the way authorities view on and offshore firms and that there should be some form of incentive to remain onshore where 1000 of its 2000 staff complement work.

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UK Gambling Commission releases latest Gambling Participation survey results

The U.K. Gambling commission's latest quarterly Gambling Participation survey results (pdf file) are in, showing once again that remote (online) gambling by UK players has not increased since last year, and that most internet punters bet on the National Lottery.

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Betsoft releases Gold Diggers, a gold rush themed slot

Online gaming software provider, BetSoftGaming has announced the release of Gold Diggers , the fifteenth title in their Slots3 library that includes House of Fun and Mr.Vegas. Gold Diggers, a five reel, 30 line 3D slot game, tells the story of intrepid miners Zeke and Jeb during the California Gold Rush of 1849 in their quest to unearth enough gold to satisfy the beautiful Daisy, with special effects such as exploding mines, talking characters and its own original theme song.

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GTech signs lottery contract with La Francaise Des Jeux

Lottomatica Group S.p.A announced that its subsidiary, GTECH Global Services Corporation has signed a 12 year contract with France's national lottery operator, La Francaise Des Jeux this week.

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Philweb Corp reports 28% increase in net profit

Philippines based land and online gaming firm, Philweb Corp., has posted a 28% increase in nine month profit mainly attributed to robust gaming.

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Digicel launches mobile phone lottery in Papua New Guinea

The National Gaming Control Board (NGCB) of Papua New Guinea has given PNG Lotto license to operate a mobile phone gambling lottery service allowing residents to play the lottery using their mobile phones. The NGCB views the initiative as the most efficient method to legitimise illegal gambling that currently occurs in Papua New Guinea.

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Betfair IPO success triggers further share issue

Perhaps predictably Betfair's London IPO this month has turned out to be a runaway success. With prelisting orders passing expectations and the share price soaring this week on the first day of trading to reach a peak of over £15.

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Mahjong Logic signs licensing agreement with EveryMatrix

Isle of Man online mahjong developer Mahjong Logic, Ltd. announced the completion of a licensing agreement with b2b i-gaming solution provider, EveryMatrix .

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Net Entertainment interim report shows Q3 revenue up 21%

Gaming software provider, Net Entertainment "saw good development during Q3/2010 with a 21% growth in revenue (35% in local currency) which should be compared with the 14% market growth predicted by H2 Gaming Capital for the full year of 2010", commented Johan Öhman , president and CEO.

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