Cypriots parted with over £28 million in bets on online gambling in 2006, according to figures recently compiled by credit card company JCC, prompting the Cypriot government to take steps towards controlling the growth of the industry.
CasinoAffiliatePrograms.com (CAP), an annual networking event for the online gaming affiliate industry, has announced that registration is open for the 2007 CAP Spring Break event at the Atlantis Resort, Paradise Island Bahamas June 8-11, 2007.
The announcement is set to mark the start of a process to redistribute frozen funds to its former customers. Signed on March 20 the agreement will outline terms and a timeline under which NETeller organise the distribution of funds to its US customer
Chancellor Gordon Brown has announced heavy increases on gaming duty in yesterday’s budget. Many online gambling companies operating from tax havens in Gibraltar, Malta, Alderney and Cyprus, are not expected to return under these conditions.
It has been reported that the US Government has delayed the NETeller hearing. Co-founders Stephen Lawrence and John LeFebvre, were arrested on a charge of conspiracy to transfer funds with the intent to promote illegal gambling.
The advertising industry is preparing for a welcome £50 million boost to its revenues, as the 2005 Gambling Act comes into force allowing betting shops, casinos and gambling websites to advertise on television.
Orbis Technology Ltd, a leading provider of interactive gaming and betting solutions, has announced that Australian casino operator Lasseters Corporation has chosen Orbis OpenBet integrated gaming solution for its online casino at Lasseters.com.au.