Online Casino and Gambling News: March 2009

Gibraltar FSC vetos Neovia's IDT acquisition

Neovia's (formerly Neteller) proposed acquisition of IDT Financial Services Holdings Limited has been abandoned, the online financial group announced just before the weekend.

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Eurosport satellite channel granted Alderney gaming licence

Serendipity Investment and satellite gaming channel Eurosport have obtained an Alderney online gaming licence which will enable the partnership to go ahead with plans to launch an online betting service branded Eurosportbet.co.uk.

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$846k Gold Mega jackpot win at Party Casino

Two major progressive slot hits recently have encouraged fans of the genre, which regularly throws up newsworthy wins from a variety of games furnished by a diversity of industry software providers.

The most recent win - for a whopping $846,884 - has been reported by Party Casino, although details on the winner are still sparse. The online casino's Gold Mega progressive delivered the win to an as yet unidentified player.

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Ladbrokes embarks on major Scandinavian TV advertising campaign

Land and online gambling group Ladbrokes has gone on the offensive against gambling monopolies in Scandinavia, embarking on a major TV advertising campaign in the region.

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Cyprus seeks exemption from EU law to protect local gambling interests

A combination of illegal land gambling and Internet casino availability is costing the economy of the Mediterranean island of Cyprus €2.5 billion a year, reports the Cyprus Mail. The newspaper was quoting a statement to the House Institutions Committee by Finance Minister Charilaos Stavrakis, who was bombarded with deputies’ questions as to why no law exists that bans or regulates online bets.

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Canadian high roller wanted for millions in unpaid gambling debts

A Canadian high roller is being sought by Nevada prosecutors this week for failing to pay gambling debts totalling $5 million to state land casinos.

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Delaware governor already budgeting for sportsbetting income

Delaware governor Jack Markell may not yet have full political authority from the state legislature to introduce sports betting, but he's budgetting for it this year to improve the cash-strapped state's revenues.

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Chartwell Technology revenues down 21% in January quarter

The Canadian online gambling software provider Chartwell Technology posted weak Q.1, 2009 results this week, reporting a drop in revenues from casino and poker operations of 21% to Cdn$4.6 million compared to the corresponding period a year earlier.

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EC drops player protection discrimination charges against Austria

Legal action against Austria has been halted by the European Commission in cases of player discimination after the Austrians reformed laws designed to protect players.

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Playtech reports significant profit increase for 2008

Releasing its 2008 full year results this week, online gambling software developer Playtech has reported a surge in profits, driven by strong growth in revenues. The company posted FY profit prior to taxation of €41.45 million, up from €26.83 million over the 2007 corresponding period.

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