Online Casino and Gambling News: 2008

Hefty tax burden for Danish WSOP winner

The current World Series of Poker champion Peter Eastgate (22) apparently stands to lose much of his $9.1 million first prize to Denmark's taxman, according to the well informed poker writer Thomas Somach on Poker Helper.com.

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Industry bodies issue statements over media coverage of Tokwiro poker cheating scandals

The Washington Post print stories and the 60 Minutes television coverage of the UltimateBet and Absolute Poker cheating scandals published on Sunday continued to evoke wide comment and exchanges of opinion on industry message boards and in the media this week.

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Software provider releases 4 more online gambling games

Online gambling software provider Top Game has announced the imminent release of four new games to its licensees, with 7 Spins.com likely to be the first to offer the games.

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New EGBA survey shows competition good for sports funding

One of the most frequently rolled out justifications for state gambling monopolies - that these are good for sports funding - has been put under the comparative spotlight by a new survey commissioned by the European Gaming and Betting Association and published this week.

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Betsson says EU law permits its move into land activity

The feisty move by Swedish online gambling company Betsson to challenge Swedish monopolistic practice by opening a land betting shop in Stockholm as reported previously continues to generate headlines.

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Big money invested into online betting action

Mangas Capital Gaming, which owns 75 percent of the UK online betting firm Betclick, will be half owned by Monaco hotel and land casino group Société des Bains de Mer soon following a deal involving Euro 100 million

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Strong first quater for Sportingbet

Online gambling group Sportingbet's belt-tightening has started to deliver results, with a brighter first quarter report that shows a pretax profit of GBP 4.9 million

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Irish lotto syndicates legal woes

A long running Irish civil dispute over shares in a lotto syndicate is currently playing out in the courts, and may serve as a warning to the many informal syndicates that share decisions should be documented and reviewed regularly.

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Australian internet censorship threat

Australia's federal government continued to take flak this week in the growing row over its attempts to muzzle the Internet by selective ISP and enforcement actions against sites it deems unacceptable, which include online gambling.

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Sixty Minutes program prompts Tokwiro to batten down the hatches

Paul Leggett, the COO of Tokwiro Enterprises, was busy midweek briefing employees on the upcoming Sixty Minutes television expose of the Absolute Poker and UltimateBet scandals and the online poker industry in general.

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