Gambling News 04th May, 2015

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SINGAPORE ONLINE GAMBLING BUST

04th May, 2015 at 15:21:03
New remote gambling act put to the test

Singapore flexed its muscle under the country's recently introduced remote gambling act (see previous reports) this past weekend busting an alleged online gambling ring reported to have received bets of around S$3 million over a two week period.

Full Story: Singapore Online Gambling Bust »

MAJOR LAND CASINO GROUP "WHOLEHEARTEDLY OPPOSED" TO FEDERAL ONLINE GAMBLING BAN.

04th May, 2015 at 09:02:02
MGM Resorts CEO Jim Murren clarifies recent comments on RAWA.

MGM Resorts chief executive (and, incidentally, chairman of the AGA) Jim Murren nailed his colours firmly to the mast on the question of a US federal online gambling ban over the weekend, saying that his company "wholeheartedly opposes" the proposed Restoration of America's Wire Act, a bill supported by rival Sheldon Adelson.

Full Story: Major Land Casino Group "wholeheartedly Opposed" To Federal Online Gambling Ban. »

NO HORSE-TRADING ON THIS POLITICAL PROPOSAL

04th May, 2015 at 09:02:02
These two Congressmen may have unleashed a bucking bronco with their proposal to end online gambling exemptions for the US horse racing industry!

Two US Congressmen, Senator Tom Udall (D-N.M.) and Representative Joe Pitts (R-Pa.) have created something of a furore in the American horse racing industry by introducing a proposal in the House and the Senate that seeks to end the industry's legislative "sweetheart" status regarding gambling exemptions.

Full Story: No Horse-trading On This Political Proposal »

FORMER R.T.G. CASINO OPERATOR ACTIVE IN NEW VENTURES

04th May, 2015 at 09:02:02
Brian Goodman's Elray Resources branching out but share price lags.

Former Australian RTG online casino operator Brian Goodman's online gambling business Elray Resources is looking at new verticals in the industry, although its share price has lagged in recent weeks, reports the publication Micro Cap Insider.

Full Story: Former R.t.g. Casino Operator Active In New Ventures »

APRIL ANOTHER DISMAL MONTH FOR MACAU

04th May, 2015 at 09:02:02
Gambling revenues plunge 38.8 percent y-o-y.

Analyst predictions of a further decline in Macau gambling revenues in April have proved disappointingly correct following the release of official numbers that show a steep dive of 38.8 percent y-o-y...the eleventh consecutive monthly fall.

Full Story: April Another Dismal Month For Macau »