Online Casino and Gambling News: September 2010

Betfair confirms IPO intentions for up to 10% of the company

Persistent speculation that online gambling group Betfair is to seek a public listing on the London Stock Exchange has been confirmed in a brief statement from the company. The notification was included in a routine announcement of the company's audited results for the year ended 30 April 2010, in which Betfair advised that a seperate statement would be made regarding its intention to list up to 10% of the group on the London Stock Exchange in an initial public offering.

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Barney Frank not optimistic on HR2267 before November elections

Internet gambling's US champion, Congressman Barney Frank, has dampened hopes of an early debate on his HR2267 proposal to legalise online gambling in the Unites States, telling the Washington DC publication The Hill that he thinks it unlikely that the bipartisan measure will reach the House floor before the midterm election distractions in November.

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Sportingbet settles with U.S. DoJ for $33 million

Making the mainstream headlines everywhere mid-week is the news that the UK internet gambling group Sportingbet has settled with the US Department of Justice regarding its pre-UIGEA activities. And the good news for investors is that, at $33 million, the deal is better than that experienced by other companies and individuals.

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Spanish Council of Ministers approves draft online gambling legislation

The excruciatingly slow progress of the Spanish government towards the full regulation of gambling moved forward another step last Friday when the Council of Ministers approved a draft of the new Gambling Act.

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Harrah's in class action hot water over $15 birthday cash promotion

Land casino operator Harrah's Entertainment could be in legal hot water following a promo that has triggered a New Jersey Superior Court order affecting approximately 350,000 gamblers.

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Jadestone announces portfolio of 14 minigames to be supplied to Bwin

The Swedish online games developer Jadestone Networks has inked a major 3 year agreement with European internet betting giant Bwin, expanding its existing relationship with the addition of 14 new minigames.

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Intralot to supply online gambling system and games in Lithuania

Intralot Interactive, a division of the Greek gaming software developer Intralot, has secured valuable access and contacts in the Lithuanian internet gambling sector following a deal with the Baltic country's lottery operator Olifeja.

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William Hill confirms interest in UK Tote acquisition

The notification by the British government last week that it is again about to offer the Tote state betting organisation up for auction has triggered a slew of speculative media reports over the weekend.

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Massive wrap-up of recent online casino game releases

The third quarter of 2010 has seen no let up in the stream of new games launched into an apparently voracious online gambling market by the industry's leading software developers.and the economic crisis that has swept the world does not appear to have slowed the flow.

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New York Lottery calls Mastercard cash advance fees illegal

The row over New York Lottery credit card subscribers being charged fees by Mastercard heated up again this week, with a lottery spokesperson describing the imposition of fees by Mastercard as 'illegal'.

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