Gambling News 05th December, 2014

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24/7 GAMING TO SWITCH TO BINARY OPTIONS SECTOR

05th December, 2014 at 12:06:07
Online casino operator in branding change ahead of new direction for the business.

Online casino operator 24/7 Gaming has confirmed that it is making a radical change in its business model by switching the binary options sector, where it is pursuing an appropriate acquisition that is regulated in Cyprus.

Full Story: 24/7 Gaming To Switch To Binary Options Sector »

TEMPORARY REPRIEVE FOR TRUMP TAJ MAHAL

05th December, 2014 at 12:06:07
Shuttering date pushed back a week as negotiations with the union continue.

The broke Atlantic City land casino Trump Taj Mahal, due to close on December 12 in the absence of an agreement with the employees' union (see previous reports) has been given a further brief reprieve as negotiations continue.

Full Story: Temporary Reprieve For Trump Taj Mahal »

BULGARIA GAMBLING ACT PASSES FINAL READING

05th December, 2014 at 12:06:07
Lawmakers set online gambling tax at 15 percent on the difference between wagers and pay-outs.

Bulgarian lawmakers passed amendments to the country's Gambling Act in its final reading Friday, expanding the scope of the tax provisions to include lottery organisers, bingo, keno and similar genres.

Full Story: Bulgaria Gambling Act Passes Final Reading »

BAD TASTE FROM GAMBLING WEBSITE

05th December, 2014 at 12:06:07
Poking fun at football stars who lost money gambling rejected by newspaper.

The Metro newspaper reported Friday that it has rejected a tasteless bid to promote jackpots and slots by poking fun at football stars past and present who have lost large amounts of money gambling.

Full Story: Bad Taste From Gambling Website »

A.G.A. ON MONEY LAUNDERING

05th December, 2014 at 02:26:48
Best practice guidelines published for land operators.

Although it has removed itself from the affairs of the online gambling sector, the land gambling trade body American Gaming Association remains active in keeping its members on the straight and narrow, this week publishing its first set of best practices in regard to the problem of money laundering.

Full Story: A.g.a. On Money Laundering »

ISRAEI ONLINE PAYMENT PROCESSOR UNDER INVESTIGATION

05th December, 2014 at 02:26:48
ICC-Cal allegedly processed illegal transactions for international online casinos.

The Israeli publication Haaretz reports that local credit card firm ICC-Cal is under investigation following allegations that it has illegally handled online financial transactions for international internet gambling companies.

Full Story: Israei Online Payment Processor Under Investigation »

MORE OPPOSITION FOR U.S. ONLINE GAMBLING BAN

05th December, 2014 at 02:26:48
Council for Citizens Against Government Waste throws its hat into the ring.

The conservative US Council for Citizens Against Government Waste has joined the growing number of conservative organisations strongly opposed to Sheldon Adelson's proposed Restoration of America's Wire Act, an attempt to federally ban most forms of internet gambling in the United States (see previous reports).

Full Story: More Opposition For U.s. Online Gambling Ban »

TRUMP ENTERTAINMENT SETTLING WITH ONLINE GAMBLING ASSOCIATES

05th December, 2014 at 02:26:48
Ultimate Gaming and Betfair named in court documents.

The bankrupt land casino owner Trump Entertainment Resorts has filed court documents announcing settlements with Betfair and Ultimate Gaming - two former partners in internet gambling ventures in New Jersey under the Trump Plaza and Trump Taj Mahal brands.

Full Story: Trump Entertainment Settling With Online Gambling Associates »

NEW JERSEY POLITICIAN WANTS TOUGHER LICENSING REGIME

05th December, 2014 at 02:26:48
Avowed online gambling opponent behind new bill.

New Jersey Assemblyman Ralph Caputo is known for his anti-online gambling opinions, and a recent op-ed piece in which he advocated the exclusion of Pokerstars from the New Jersey legalised online gambling market (see previous report).

Full Story: New Jersey Politician Wants Tougher Licensing Regime »

OLD SKOOL STUDIOS LAUNCHES THROUGH ODOBO

05th December, 2014 at 02:26:48
Epic City is a 5 reel HTML5 slot.

The Gibraltar-based online games developer marketplace Odobo has launched the first game from Old Skool Studios, a 5 reel HTML5 mobile slot titled Epic City.

Full Story: Old Skool Studios Launches Through Odobo »