In America, Barney Frank’s proposed Internet Regulation and Enforcement Act (IGREA) has received an additional vote of confidence with another Member of Congress announcing that he will co-sponsor the legislation.
Vienna-listed online gambling group Bwin has announced its results for the third quarter, which showed a core profit and resurgent growth in players but also revealed a net loss that saw its stock drop by 15 percent.
The Associated Press stated that Gary Loveman, Chief Executive Officer for Harrah’s, revealed that the Las Vegas-based gambling corporation is taking a close look at entering the European online poker market.
Online gambling group Bwin and the former owners of the Ongame group, which the Austrian company acquired last year, have reached an agreement that amends the original terms of sale and completes the long delayed transaction.
A leading European gaming law expert believes that the door is far from shut on operators wishing to enter the French market despite the recent arrest of Unibet’s Petter Nylander and the Bwin situation earlier this year.
In America, the Interactive Media Entertainment and Gaming Association (iMEGA) has branded as ‘unconstitutional’ proposed legislation that would punish anyone found gambling online with a two-year prison term and a fine of $25,000.
Mobile turnkey solutions provider Spin3.com has announced the launch of OnCash, a system that allows land-based casinos to expand online and onto mobile casino mediums quickly and easily using existing processing and payment solutions.
In a long-running story that included stops at the Competition Commission, Liverpool-based soccer pools business Sportech has finally announced its purchase of rival Vernon Pools from parent company Ladbrokes.
According to a report by England’s Juniper Research organisation, the increasing deployment of multiple mobile payment technologies and the liberalisation of remote gambling legislation is expected to push total annual wagers on mobile telephones to
Online payment solution specialist NETELLER has announced that it is targeting alternative markets and making solid progress despite its third quarter results showing an operating loss of $146 million.