Online Casino News From Around the Globe

Youbetme Planning To Grow Social Betting Platform

Legalized gambling is still widely restricted in most parts of the globe. While the UK enjoys the reputation for being the most liberal online gambling market, there are markets like the U.S. which are opening up gradually. While being legal in only three U.S. states online gambling is being offered in the way of social betting. Social gaming or free-to-play betting is filling the void in countries which frown upon real money gambling. Whether you are sports betting fan, poker player or casino patron there are no shortage of legal free-to-play version of online sites that emulate the real thing. Whether it be Bitcoin casinos or social sports betting sites, the chance to engage in what many consider a harmless hobby are plentiful. We reported on the growing fantasy sports betting sites which seem to be growing by the day. There is a  newish player on the market  called Youbetme which has been around since 2014. They offer the best of two worlds. Their basic idea is that they offer a platform where people can bridge the gap between shaking hands with friends and making sure they pay up. While sports betting of course is a big part of Youbetme they also offer social bets on anything from who can make out with the hot girl at the bar to how many burgers you can eat in a minute. In an interview with Forbes magazine earlier this year, CEO of Youbetme Jason Neubauer said that he believes that “betting between individuals is as socially bonding today as it used to be in glory days.” In another interesting piece of information Youbetme released their own data which shows that more than half of their bets made on their platform are for beer wagers and 18 percent are for “sexual favours.” As part of their plams to expand, Youbetme is planning to release an Android version of their platform in October. The growing debate of the real intentions of social gaming startups like Youbetme  is still highly controversial as many critics believe that the sole purpose of these social gaming companies is to acquire a loyal base of players that can be converted into real money players when legally possible to do so. An article earlier in the year in the Independent gives one food for thought on the issue of gambling. There British journalist Jeffrey Bernard makes an astute observation on the UK’s betting shops,” “You’ll see three windows marked ‘Bet Here’, but only one window with the legend ‘Pay Out’.” Whether authorities will clampdown on social betting sites remains to be seen but all the indicators are that there…

Read More

Baccarat And The Strip Redeem Nevada Gaming Revenues

The Nevada Gaming Control Board released their figures this week and the tale is once again a mixed one. While gambling revenues continue to decline from the same period last year, the Las Vegas Strip continues to bail out the state of Nevada which is still struggling to recover. According to senior research analyst for the Nevada Gaming Control Board, the Las Vegas Strip has had five consecutive monthly increases. The reason for this is due to the popular card game Baccarat which attracts international high rollers to the Strip. In the last twelve months alone over $1.7 billion has been generated in revenues from Baccarat alone. This has revenue has managed to make up for the overall sorry state of affairs in statewide revenues. Statewide revenues were up 1.4 percent from January to July this year but without the baccarat’s contribution statewide revenues were down 0.4 percent from the same period last year. Total statewide gambling revenues for July were $931 million which was a 1 percent increase from the same period last year. The Strip made up for 57 percent of Nevada’s total July gambling revenues. This was a 4.8 percent increase from the same period last year. Unlike the Easy Coast’s main gambling destination city Atlantic City, Las Vegas has managed to slowly recover from the recession. Part of the reason for this is the other attractions Las Vegas has to offer such as tourism which is attracting a wider base of visitor’s other than just…

Read More

Playtech Exceeding Market Earnings Forecasts For 2014

Online gaming provider Playtech are having a good year. This follows their better than expected earnings in 2013. Today they announced the expect profits to be higher than originally forecast due largely to their expansion in Britain, Mexico and Italy. Core earnings were up for Playtech by 28 percent to $128.9m in the six months to the end of June. In a statement the company was confident enough to predict they will exceed the market expectations for the full year.  The management went on to confirm that earnings in the third quarter were already 21 percent ahead of last year. Playtech’s new partnerships include top Mexican gambling group Caliente as well as the British newspaper publisher Trinity Mirror. Another factor contributing to Playtech’s success is their partnership with Ladbrokes which has been up and running since April this year. Analysts are forecasting a core profit of €179.70 for 2014. According to CFO Ron Hoffman Playtech had exceeded forecasts by 9 percent for the first half of the year. On the horizon Playtech also want to see how the Netherlands online gambling industry develops as they have already partnered up with Dutch company Holland Casino. Playtech was founded by Israel Entrepreneur Teddy Sagi who has a colorful background and has come under fire of late. Sagi earned a huge chunk of change when he sold over 15 percent of the company in March. No need to worry about him as he still owns about a third of the company. Judging by his recent acquisition spree he is not slowing…

Read More

GSN Releases Solitaire TriPeaks Social Game

Social gaming company GSN games have just releases their new Solitaire TriPeaks for mobile and tablets on the iOS platform. The game has proven popular and is already number 1 free iPhone game and number 1 card game on Google Play. The game takes you to tropical destinations with social gameplay keeping you entertained, Players get to enjoy a 3-D solitaire style adventure. With hundreds of colorful beachfront levels where players get the chance to unlock new tropical islands while triggering boosters though different levels. Executive vice president at GSN, Jeff Karp commented on the new release,” At GSN Games, we recognize innovation and creativity among our core values, and Solitaire TriPeaks absolutely brings these values to life. It’s our mission to create casino experiences that go beyond Vegas, and Solitaire TriPeaks offers the unique combination of simple solitaire mechanics and a whimsical theme that whisks players away to paradise whenever and wherever.” Social interaction is a big feature if Solitaire TriPeaks as players are able to interact with Facebook friends on the sunny beaches while also having the ability to view their Facebook Friends’ profile…

Read More

Bitcoin Enjoying Welcome Period Of Growth And Stability

Investors in Bitcoin can complain about a lot of issues but boredom is not one of them. The constant rise and fall of the bitcoin currency is enough to make any potential investor either wary or willing to take a chance on earning a large return on their investment. While stability is generally good for a commodity, it is the volatility of bitcoin that yields investors returns which cannot be beaten anywhere else. While we have seen a lot of negative publicity in the last year, with the collapse of Bitcoin exchanges like Mt. Gox and other stories of woe involving this illusive commodity, the tide seems to be turning of late. There is hardly a week that goes by where we don’t see some sort of institution or merchant starting to accept Bitcoin. This starts from online bitcoin casinos to social gaming companies like Zynga and Big Fish Games accepting it for virtual purchases. Added to that is the advent of bitcoin ATM’s which have made it as easy as withdrawing cash to deal in Bitcoin. Even highly respected companies like Bloomberg and Apple have started welcoming the idea of Bitcoin. While there are governments like China, Russia and Singapore who are not welcoming the change, the British government recently announced they will be looking into different methods of how to incorporate Bitcoin into their economy. It is also now possible to purchase gold bullion with Bitcoin. Agora Commodities is now only accepting bitcoin as a form pf payment as they believe this minimizes fraud. It also had the benefit of reducing credit card processing fees which can reach up to 4 percent. The company has done over $10 million through bitcoin in 2014 alone. In other good news for Bitcoin, the Korean bitcoin exchange Korbit have just announced they have raised another $3 million in Series A funding. Korbit offers specific services for the Korean market and they have over 25,000 users for their exchange and wallet services. In addition they also have 400 merchant accounts for Korbit Pay. Merchants pay 1 percent for their online incoming bitcoin payments to be converted to normal currency. According to CEO of Korbit, Tony Lyu the state of Bitcoin in Korea is encouraging,” The use of bitcoin in commerce is just starting to pick up, through the introduction of merchant processing services such as Korbit Pay. Bitcoin can drastically improve the online payments experience for Korean users, because online payments are currently not user-friendly here due to antiquated…

Read More
Page 1 of 612345Last »