Online Casino and Gambling News: October 2009

New software to detect blackjack card counters

A 22-year-old computer graduate from the University of Dundee, Kris Zutis, has developed a computer system for detecting card counters and pinpointing dealer errors. The system uses complex algorithms to analyse information captured by cameras set up in casinos, and started as a final year project in Zutis's Applied Computing degree, in which he worked closely with staff from Dundee's Gala Casino.

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William Hill considering bonds issue to reduce £850m debt

The UK-based gambling giant William Hill plc is considering the issue of bonds to raise as much as £200 million in cash from investors, the Financial Times reported over the weekend, pointing out that as recently as February 2009 the company had raised £350 million in a rights issue.

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Betfair balks at Tasmanian tax proposals

Befair's licensing renewals in the Australian state of Tasmania continue to generate heated debate as the international betting company's Australasian division negotiates its next licensing period.

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Barclays Capital coverage of online shares sector boosts stock

The Reuters news agency reports that the investment arm of a major UK bank is now monitoring several high profile online gambling companies following increased interest in the sector.

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Batman and Wonder Woman headline new Cryptologic slots

Online players at Intercasino are currently enjoying three new releases promised by gambling software developer Cryptologic at the recent EiG conference and expo. Two 5 reel, 50 pay-line major branded video slots licensed from DC Comics lead the new releases, featuring Batman and Wonderwoman, whilst a third 5 reel, 25 pay-line slot is themed on the space journey of a Monkey to Mars.

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Atlantic City casino revenues continue downward trend

Atlantic City gambling revenues continue to be a cause for concern, although the decline seems to be slowing, according to September statistics released late last week. Revenue fell by 5.8% compared with the same month in 2008, an improvement on the 16% decline reported in August.

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China's biggest ever lottery win recorded

Chinese lottery authorities report that a new record has been set for lottery wins in the country, according to the newspaper China Daily. The win - for 359.9 million yuan (around $52.7 million) was achieved by an unidentified punter in Anyang in the province of Henan, who spent 176 yuan to buy 88 lottery tickets.

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King Cashalot progressive pays out £1m jackpot at Ladbrokes

A player from the north east of England who wishes to remain anonymous became Internet gambling's latest major winner over the weekend when his £2.25 wager on the King Cashalot online slot delivered a stunning £1,031,985.20 jackpot.

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FA Chariman wants betting ban on football officials and players

England's top football boss wants a complete ban on betting on the national game by players, managers and officials, reports Associated Press. Football Association chairman David Triesman told the news agency that he wants to end any ambiguity to protect the integrity of the Premier League and English football in general.

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Ukrainian operators continue despite gambling ban

The ban on gambling in the Ukraine, which has followed similarly draconian moves by the Russian government, has seriously damaged the industry in that country, but gambling operators are finding Internet-based workarounds in order to survive.

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