A combination of illegal land gambling and Internet casino availability is costing the economy of the Mediterranean island of Cyprus Euro 2.5 billion a year, reports the Cyprus Mail. The newspaper was quoting a statement to the House Institutions Committee by Finance Minister Charilaos Stavrakis, who was bombarded with deputies’ questions as to why no […]
Author Archives: ixgames
Rules governing online gambling should not be laid down by the EU, as Member States are quite capable of regulating the industry themselves, a majority of MEPs decided. The report as adopted calls on the Council (which represents the Member States) to seek “a potential political solution” to the problems of online and traditional gambling […]
Chris Ferguson, a.k.a. Jesus – has won $7 million playing poker. He also helped to start Full Tilt Poker, the second-biggest online poker site today. Online poker is a $4 billion business. Unlike other online gambling companies, Full Tilt Poker didn’t panic when the U.S. enacted its absurd ban on online gambling, and it still allows Americans […]
British online betting group Betfair said on Thursday it had lodged a legal complaint against the Dutch government, which has told banks to block payments from Betfair clients. It said the suit had been filed on Wednesday with a court in The Hague in response to a letter to banks from the Dutch justice ministry […]
When the U.S. Congress cracked down on Internet betting in 2006, the big, publicly traded European companies that had dominated the business closed up shop in the United States. Growth in the booming industry shifted away from these companies, once the darlings of the stock market, to private operators in offshore locations like Antigua and […]
Online Gambling is still unregulated in many countries around the world, allowing players to play at illegal sites. However Switzerland are the latest nation to introduce a legal regulated framework, which will ensure sites operate securely and fairly. The UK has one of the most impressive online gambling industries, with strict regulation and laws, resulting […]
It seems unlikely that Gigamedia shareholders would allow a merger between the company and rival PartyGaming, the talks are still taking place. PartyGaming, fresh off their settlement with the US, is looking to expand, and many believe Gigamedia will be their target. Less than a month ago, PartyGaming agreed to a $105 million settlement with […]
Gaming companies from PartyGaming to 888 will hope their luck finally turns this week as a law is proposed in the US aimed at overturning the country’s ban on online gambling. Frank Barney – the chairman of the US House of Representatives Financial Services Committee, has pledged to promote a Bill to overturn the ban […]
Bodog got a chance to exchange some questions after yesterday’s newest poker champion and winner of the Bodog Poker Open III Main Event, *biffsworld.* The 23-year-old Pennsylvania resident says he has been playing in the Bodog Poker room for about two years and during that time has won and final tabled a few smaller tournaments, […]
A player at a Microgaming online casino won a $6.3 million prize, setting a new all-time high for a progressive jackpot on the Internet. Details of the enormous win are still slowly trickling out from online casino sources, but a Microgaming spokesman confirmed the full Mega Moolah progressive jackpot had been hit, creating a multi-millionaire […]