Online Casino and Gambling News: March 2009

eCOGRA expands its compliance staff

Three additional fully qualified accounting professionals have been taken on by the standards and player protection body eCOGRA in a move to expand the business advisory and standards compliance services which the organisation offers to a growing number of software providers, operators and affiliate programs.

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Cryptologic in new licensing deal with Paramount Pictures

Dublin-based Internet gambling software provider Cryptologic has clinched another movie theme deal that will see famous characters of the silver screen presented in online slot themes. The company has announced a multi-year exclusive slots agreement with Paramount Digital Entertainment that will bring some of the most famous movie characters in history to the Internet casino world beginning in the fourth quarter of 2009.

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Cryptologic reports 2008 losses, targets $0.65 EPS in 2009

Veteran online gambling software development company Cryptologic announced its financial results for the three months and full year ended December 31, 2008 this week. The results reflect a transitional year in which the company's new management team repositioned CryptoLogic's business, signed 10 new customers and advanced a restructuring plan to return the company to profitability in 2009.

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March madness in America means $2bn in lost productivity

Over 40 million Americans will be in gambling mood this week, probably generating revenues in excess of $12 billion according to media estimates, and despite the recession as they bet in office pools, on the Internet and through sportsbetting outlets on the 64 teams involved in the NCAA college basketball championships.

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Keep losing at poker? Maybe you think you're invincible

Jacob Avery, a researcher in the University of Las Vegas’s fellowship program in gaming studies, delivered the latest lecture in the Gaming Studies Colloquium Series, titled “The Social Worlds of Everyday Poker Players” last week, taking a look at why poker players find it so hard to quit whilst winning.

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Malaysian poker tournament bust - police arrest 25

Police in Kuala Lumpur, Malaysia acted on a tip-off and raided an apartment block in the city on Saturday afternoon, arresting 25 persons allegedly either organising or taking part in an illegal poker tournament.

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Gambling consultants eye potential of Eastern Europe

The respected land and online gambling consultancy, Global Betting & Gaming Consultants has issued a new report advising that the emerging gambling markets of Eastern Europe are attracting interest from both land-based and Internet operators and, despite the economic crisis, the region holds interesting potential.

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Intralot jockeying for position in French gambling market

French budget minister Eric Woerth recently reported positive progress on draft legislation aimed at opening up the hitherto monopolistic French gambling market, estimating that the initial liberalisation will take place early 2010. One company that intends to be in the forefront of those seeking a licence to operate is Intralot, according to statements by CEO Constantinos Antonopoulos to the Greek media, picked up and reported more widely by the Reuters news agency this week.

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Casino Gran Madrid signs licensing agreement with Playtech

London-listed online gambling software developer Playtech plc has scored another important coup, signing up Casino Gran Madrid, one of the largest and most prestigious land based gaming operators in Europe, as a licensee for its online casino and poker products.

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Lotteries and Gaming Authority of Malta announces new CEO

The Lotteries and Gaming Authority of Malta, which regulates and licenses online gambling companies operating from the Mediterranean island jurisdiction, has announced the appointment of a new Chief Executive Officer to replace former CEO Mario Galea.

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