Online Casino and Gambling News: June 2011

Players looking to gamble on casino games on Microgaming powered Canbet are going to have to go elsewhere as of today. Players visiting the Canbet Casino web page today were directed that as of June 30th, 2011 the casino would be closed. The reason for closing the casino was to refocus on the company's base businesses of sports and horse betting.

On July 1st, Scotish TV Provider STV launched an online casino for viewers called STV Live Casino. The casino, which will utilize VueTec technology will alllow players to play casino games from actual land based casino tables in real time.

Bwin.party announced today that it is moving ahead with plans to buy back shares of its stock and to sell its Onegame Network. The process, which is expected to be completed by the end of 2011 comes after announcing performance results that have fallen in line with company projections, except for its sports betting margins due to good fortunes for players in the month of May. Bwin.party's plan to buy back shares utilizes up to £75 Million from the company's cash resources.

Residents of Washington D.C. seeking online gambling cleared a big hurdle on Wednesday as the District Attorney General for Washington D.C. said that the district is cleared to continue with plans for intrastate online gambling to begin in September.

Online betting and gaming operator Betfair released stronger than expected Full Year 2011 results this week. Regardless of challenges in regulatory environments and a series of middle management and high profile staff departures, the company has posted strong profitability and record revenue for the period.

If you are an online gambler or casino operator in South Africa, consider yourself warned. The country with 40 casino licenses that have created more than 55,000 jobs will be unlikely to pass any legislation to legalize online gambling.