Online Casino and Gambling News: September 2011

Israel Indicts Four In Online Gambling Scheme

Four Israeli men were named as defendants in an indictment filed by a State Attorney's Office on Wednesday, which claims the men engaged in illegal gambling, money laundering and tax evasion.

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Betfair's Cash Out Reaches Milestone

London based betting exchange Betfair has announced its Cash Out trading tool has been utilized for the one millionth time, awarding the lucky gambler who used the feature £1,000.

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5050 Poker Accepted Into NASDAQ

Online poker company 5050 Poker Holdings AB has been accepted into the NASDAQ OMX First North and will begin trading today in the Consumer Discretionary Sector.

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Full Tilt's AGCC Hearing To Be Held In Private

Troubled online poker site Full Tilt Poker has learned that its hearing with the Alderney Gambling Control Commission will be held in private on September 19th.

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Parlay Games Completes Restructuring

Online gaming company Parlay Games has restructured itself, and has launched many new customers in North America and Europe. Parlay Games is currently refocusing on growing its business, developing online bingo software, and deployment of managed services.

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German State Passes Cyber Gambling Law

On Wednesday, the German state of Schleswig-Holstein passed an online gambling law, even though the other fifteen German states were seeking a unified German approach to online gambling legislation.

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Casino Owner Considering Online Poker

South Point Casino owner Michael Gaughan has taken a proactive step in making sure his gambling company is among the first to offer online poker, should the game be legalized in the United States.

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Hungary To Raise Gambling Taxes

A report in the Budapest Business Journal states that the Hungarian Federal government is set to increase taxes on traditional and online gambling in 2012.

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Online Poker Player Turns $1.81 Into $26,111

An online poker turned $1.71 into $26,111 by winning the $100,000 PKR Masters Tournament on UK poker site PKR.

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Victor Chandler Adopts Microgaming Quickfire Software

The Victor Chandler online gaming division has completed a deal with Microgaming that will see the Victor Chandler obtain mobile gaming content via Microgaming's Quickfire software.

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