Online Casino and Gambling News: May 2011

Full Tilt: despite unfrozen account, players still await refunds six weeks after Black Friday

Full Tilt Poker, one of three major online poker operations impacted by the Black Friday indictments six weeks ago continued to assure players that they would be paid this week, and advised that it was raising capital to do so, triggering speculation that the company is experiencing very tough financial times. And having cut off US action, it appears that players from other markets are not compensating for the lost business at internet poker's second largest company.

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A less than successful first quarter for Intralot

On a day in which Athens prosecutors launched fraud charges against managers alleged to be involved in a scam with OPAP, the Greek gaming company Intralot announced a weak set of first quarter 2011 results.

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Fortuna makes play for for bankrupt state lottery

Driven into bankruptcy by its creditors, the Czech national lottery Sazka is now in the hands of bankruptcy administrator Josef Cupka, and a bid has already been offered. The Fortuna Entertainment Group announced Tuesday that it has submitted its official offer to take over Sazka’s lottery business at between CZK 2 billion and CZK 2.5 billion, depending on due diligence reviews of company assets. The bid has been submitted to Cupka.

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Five OPAP execs accused of fraud involving millions

The Greek newspaper Ekathimerini reports that a major scandal involving the state gambling monopoly OPAP is brewing following fraud charges laid Monday by an Athens prosecutor.

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Netplay making up ground lost

NetPlay TV, the UK interactive television gambling company, announced its preliminary results for the year ended 31 December 2010 this week. The company showed an increase in revenue from recurring activities of 7.1% to £19.8 million (2009: £18.5 million) but an EBITDA loss of £2.78 million (2009: £1.32 million).

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King Cashalot pays out a lot

The Microgaming-powered King Cashalot progressive jackpot has paid out a huge £1.5 million to one lucky Ladbrokes player this week, according to a company announcement which gave little information on the lucky player or his or her plans for the cash bonanza.

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Allegations that Konawa man operated an online sports betting website

Two men have been indicted by an Oklahoma grand jury for running an online sports betting website over the past two years.

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How the federal persecution of online poker in the USA will impact registration numbers?

Today (May 31st) sees the start of the 2011 World Series of Poker, the game's biggest live extravaganza run by Caesars Entertainment from its Las Vegas Rio Hotel and Resort.

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Measure that will prepare the Silver States for legalisation

Legalised online poker moved a step closer in Nevada Monday when the state Senate approved a measure directing the Nevada Gaming Commission to prepare regulations for the advent of online poker, once federal legislation is passed that specifically makes the pastime legal.

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Canadian gaming company to develop social and mobile games

A new independent Montreal-based venture SAVA Transmedia aims to enter the social and mobile gaming development market.

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