Online Casino and Gambling News: March 2011

Two Way Limited to launch new service

Australian interactive media and gambling provider, Two Way Limited, received regulatory approval in Queensland to launch a TV wagering service, this week. The service, branded TAB Active, will be launched in conjunction with TattsBet Limited who operates the TAB wagering business in Queensland, South Australia and the Northern Territory.

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Much more to be done to create regulated framework in the Spanish gambling

The Spanish Government's draft bill on online gambling regulation has received a number of amendment proposals from interested parties that include political parties, trade associations and would-be Spanish market licensees.

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Live Dealer Casino added to Betfair's offering

Players at Betfair Casino will now be able to participate in live dealer play, the company announced this week. The new feature is available on the Betfair Casino website on a number of games.

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EU opines on gambling case in Austria

In Europe, Advocate General Bot has released his opinion regarding ECJ case C-347/09 , an Austrian online gambling issue in which the AG opines that criminal law cannot be used to enforce gambling laws that do not comply with EU law

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Intralot serious declines in 2010

Greek land and internet gambling supplier Intralot has posted serious declines in its 2010 numbers, reporting that net profit dropped 26.5%, mainly through by write-downs. Net profit dropped to 36.6 million Euros (2009: $51.47 million), burdened by write-downs and provisions of 5 million Euros, although the latter was considerably less than that experienced in 2009, when there were charges of 18.5 million Euros.

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Calvin Ayre sells website

Online gambling branding entrepreneur Calvin Ayre has announced the sale of his online information portal CalvinAyre for an undisclosed sum to a group of investors led by media journalist and manager Scott Longley.

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Bettorlogic launches Nextbet and Multibet

Bettorlogic, creator of bet stimulation technologies, has added two further products, Nextbet and Multibet, to its white-label portfolio.

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888 and Ladbrokes still talking

Acquisition negotiations between 888.com and the UK land and online gambling giant Ladbrokes are still ongoing, according to 888's newly released results for 2010. The decline in performance experienced by 888 last year will concern investors, with EBITDA down 37% to $28.6 million despite revenue growth of 6% to $262.1 million.

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Grandad hits jackpot

UK grandfather StevenM will be doing some serious spoiling of his grandchildren in the coming weeks, thanks to hitting a 101,705 pound jackpot on the Playtech-powered Wall Street Fever progressive slot at bet365.

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Case against Mizrachi dismissed

Top poker pro Michael Mizrachi and Full Tilt Poker owners Tiltware LLC are off the hook in a breach of contract case over branding brought by Deliverance Poker last year. Judge James Nowlin of the US District Court for West Texas this week dismissed the Delverance claims, albeit without prejudice - a legal condition allowing Deliverance to resubmit its case if it can produce new and original evidence.

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