Online Casino and Gambling News: October 2009

A big fortnight of progressive jackpot wins

It's been a remarkable two weeks for big win progressives from a range of providers. Details are still scarce, but a player on the Vegas Technologies-powered Pay Dirt progressive hit a jackpot worth a reported $435,271, and another scored a similarly significant jackpot at Cryptologic-powered Intercasino that reached $421,074.

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Sportingbet posts improved full year profit

Internet gambling group Sportingbet has posted a positive set of results for the full year ended July 31st 2009, turning round a loss last year with a solid profit in the current period, mainly from better European sportsbetting action.

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ECJ rules Spanish gambling winnings tax discriminatory

The European Court of Justice has found that a Spanish government tax law on gambling winnings to which the European Commission had objected, is flawed and discriminatory. In a decision handed down on October 6 in Case number C153/08, the ECJ first chamber ruled against Spain concerning its tax exemption related to winnings.

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ESSA unhappy with 'lenient' Renault Formula 1 decision

The actions of the Renault Formula 1 team in arranging a crash at the Singapore Grand Prix last year, and what many feel were inadequate punitive measures handed down by the World Motor Sport Council for 'compromising the integrity of sport' continued to make waves this week.

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Heads roll in wake of Finnish political funding scandal

Yesterday's revelations that donations from Finland's Slot Machine Association (RAY) had found their way into political funding via the Finnish Youth Foundation continued to reverberate through both organisations today with heads rolling.

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Tough times for the Bulgarian gambling industry

Regional media reports from Bulgaria paint a gloomy picture of a gambling industry in dire straits as punters stay away in a deep economic recession. The tough times being experienced by the industry came into sharp focus at the Balkan Gambling Industry Exhibition currently running in Sofia, where the chairman of the State Commission on Gambling, Dimitar Terziev, revealed that 60 gambling enterprises have been closed in Bulgaria and as many again have suspended their activities since January 2009 due to the global economic crisis.

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Dinaburg FC expelled from Latvian premier league for match fixing

The international spotlight on football corruption shifted to Latvia this week, where the regional football association expelled premier league side Dinaburg from top flight competition and banned its club president and trainer for life for betting on games and fixing results, reports the Reuters news agency.

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South Carolina poker convictions overturned on appeal

The Poker Players Alliance has issued a statement applauding the latest developments in a case in which five South Carolina poker players appear to have won the skill vs. luck argument, ultimately defeating charges of unlawful gambling.

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EGBA looking forward to pan-European online gambling regulatory system

The chairman of the European Gambling and Betting Association, Norbert Teufelberger, makes some interesting observations on regulation in the Association's latest newsletter. EGBA numbers most of the European industry's biggest and most integrity driven betting companies among its members, and is a firm protagonist for regulated online gambling in a free market.

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Study champions regulation as the answer to online gambling money laundering

Prof. Michael Levi, Professor of Criminology at Cardiff University has written a report on his conclusions following a study of money laundering and its implications for the online gambling industry.

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