Online Casino and Gambling News: February 2010

Victor Chandler to launch in-play running product in time for World Cup

The industry has been following with interest the investment in South Africa made by Gibraltar-based bookie group Victor Chandler, and this week the news is that the company’s launch of an in-play running betting product in imminent and will play an active role in the World Cup games in that country.

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French television group forges ahead with major online gambling deal

It appears that the corporate struggle between executives of French commercial television group TF1 and SPS Betting, both subsidiaries of the Bouygues group did nothing to distract TF1 chief Nonce Paolini from his pursuit of online gambling deals. This week TF1 announced an online gambling and sponsorship agreement with the French state gambling monopoly Francaise des Jeux in preparation for the liberalization of French gambling later this year.

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U.S online gambling lobbying up by 50% in third quarter

The independent US research group BolaVerde Media reports that according to mandatory declarations made by lobbying companies in the third quarter of 2009, the amount of cash invested in this activity has soared 50% over Q3, 2008. Supporters, opponents and observers of online gambling spent an estimated $3.65 million lobbying the United States government over the third quarter of 2009, according to the BolaVerde report – well up on the $2.41 million recorded for the same period in 2008.

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New mobile lottery for the U.S

Brent Wilkins, former Cantor Fitzgerald LP managing director, has announced the launch of Mobile Lottery LLC to capitalise on the growth and technological advances in United States wireless networks and mobile devices to expand state lotteries to mobile devices.

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Party Gaming Q4 results released, significant rise in sales

Online gambling group Party Gaming plc has reported a significant 32% rise in fourth quarter sales – a hopeful sign that punters are back enjoying a wager after a hard year. Sales rose to $132.2 million in the three months to December 31 from $100.4 million in the same period in 2008, helped by two acquisitions and a particularly strong performance in its online casino division.

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Nasty shock for Dutch poker player as tax man claims a 29% cut of earnings

The twoplustwo message board has been on fire this week after disclosures were made that a Dutch player was having tax problems. The tax authorities are claiming a 29% cut of poker earnings in terms of the amended Betting and Gaming Tax Act, which claims the right to tax online winnings from foreign, but not domestic online gambling sites.

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Online gambling consolidation inevitable say experts as Party Gaming and Bwin continue talks

Last week's confirmation that Party Gaming and Bwin Interactive are talking about partnering has set off a round of media reportage on the old topic of industry consolidation. Reuters reports that consolidation among online gaming firms is set to spark into life in 2010 if the Party-Bwin deal goes goes through; with such a possibility seen as the potential catalyst for a wave of takeover activity.

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British gambling review calls for Sports Betting Intelligence Unit

A review into corruption in sports commissioned by the British government and carried out by a panel under the direction of football star Rick Parry has recommended the inception of a special new Sports Betting Intelligence Unit to investigate corruption in betting on sport, according to The Guardian newspaper.

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Rennick, accused of processing over $350M for internet gambling companies, held in contempt

The Dow Jones news service reports that a federal appeals court on Monday upheld a contempt order for refusing to comply with a grand-jury subpoena against two companies owned by a Canadian man accused of processing more than $350 million in payments for Internet gambling companies.

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Playtech sets the pace with new mobile platform for online casino games

Online gambling software group Playtech plc, has introduced its new playing platform for Mobile gaming. The new Mobile Web Apps is the latest cross-platform solution from Playtech, allowing players to continue playing their favourite online casino games on the go, dispensing with the need to download first.

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