Online Casino News From Around the Globe

PokerStars To Enter US Online Gambling On March 21

It has been a long and difficult road for the largest online poker site in the world but PokerStars will officially return to the US online gambling market on March 21 in New Jersey. Many thought that given their dubious past and banning from the US, PokerStars would never be allowed back into the US but after paying a $547 million fine to the Department of Justice, their acceptance has finally taken hold. Last year New Jersey gambling regulators finally approved PokerStars to operate in the Garden State. With over 100 million global players PokerStars is looking to ignite the stagnant US online gambling market. As of now they will only be allowed to offer online gambling to players who are physically located in the state of New Jersey. Besides poker, players will have other options to gamble on that include slots and table games. PokerStars’ parent company Amaya are delighted with the imminent launch. CEO and Founder David Baazov commented on the approaching launch,” PokerStars is the global leader in online poker and trusted by its customers for its robust and innovative technology, world-class security and game integrity. We are honored and excited to now bring these experiences to New Jersey.” The entry of PokerStars into New Jersey is just what some believe will bolster the market. Last year saw total revenues up 21 percent from the previous year to $149 million but this is still a fraction of what may have in the past claimed to be a $1 billion…

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Virginia Legislators Approve DFS Bill

For a change daily fantasy operators got some good news from Virginia as legislators approved a bill that would regulate DFS. The Virginia General Assembly approved SB 646 that could see Virginia become the first state to convert a DFS regulatory bill into a reality. All that needs to be done for this to become a reality is for Gov. Terry McAuliffe to sign off on it. Some of the highlights of the bill include the requirements for DFS operators to pay a $50k registration fee, All DFS websites will have to ensure that players are 18 and over. DFS operators will have to submit to an annual audit by the Department of Agriculture and Consumer Services. Given the ongoing scandal of insider trading accusations, all DFS sites will have to prevent their employees and their immediate relatives from participating in contests in order to ensure the integrity of their data. There will also be a requirement to segregate player funds from operational funds. In relation to the bill DraftKings said,” Today the Virginia General Assembly took an important step toward ensuring that fans in Virginia can continue to enjoy fantasy sports contests with thoughtful and appropriate consumer protections in place. We thank Delegates Jackson Miller and Marcus Simon and Senator Ryan McDougle for their leadership in bringing a common sense regulatory framework through the legislature. We are grateful for their support and are actively engaged with dozens of legislatures around the country to replicate this…

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Caesars Interactive Entertainment Reports Record Revenues in 2015

Caesars Entertainment Corporation released their Q4 numbers for 2015 and once again their online gambling division Caesars Interactive Entertainment stood out with exceptional results. CIE had a record 2015 with Q4 revenues up a third from a year ago to $209.2m. The majority of this came from CIE’s social casino offering Playtika which accounted for $198.8m. The rest game from online gambling in New Jersey and Nevada which is still generating peanuts in relation to the social and mobile gaming fields. Online gaming revenues in New Jersey and Nevada rose $1.4 million to $10.4 million. What makes CIE’s performance in 2015 so impressive is the record 30.6% revenue increase to $785.5m with earnings improving almost 60% up to $282.7m. This increase was largely due to the spare cash available from CIE being able to slash their real money online gambling market budget. Playtika’s social casino flagship title Slotomania increased DAU’s in Q4 by 11% and MAU’s increased 15 percent. In another indication of how well CIE is doing the number of average monthly unique payers increased to 30.4% with average revenues rising from 6 cents to 34…

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Tabcorp To Enter UK Gambling Market

Another major player is entering the UK gambling market. Australian betting giant Tabcorp have announced they will entering the UK market in Spring in a partnership with News UK, a subsidiary of News Corp. Tabcorp’s CEO David Attenborough commented on the move,” It is a natural step for us. We have worked with News Ltd. closely in Australia and built up a high degree of trust. They have one of the strongest brands in the UK with half of the UK betting population regularly reading or engaging with The Sun.” In terms of the partnership Tabcorp will provide the application platform and the promotion of the gambling site will be advocated by News UK who are one of the strongest brands in the UK. News UK has over 10 million weekly readers many of whom are working class who are known to be the ideal wagering sector. The deal will see Tabcorp expand their global reach into fantasy sports as well while also cementing its position as Australians largest wagering operator. Currently the contract between the companies is for 10 years and may be extended depending on…

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Every FOBT Generates £1000 In Weekly Profits

The debate of fixed odds betting terminals or what is dubbed as the “crack cocaine” of the gambling world is always in the headlines. The effects of FOBTs has been covered extensively by our team over the years and despite government promises of a crackdown, the numbers still tell a very different story. A report on the Daily Mail reveal how each of these high speed betting machines generates over a £1000 in profits per week for bookmakers. One of the main sticking points about the FOBTs is the fact that players can wager up to £100 on a spin of roulette every 20 seconds. Currently there are over 35,500 FOBTs around Britain which mostly belong to the largest UK bookmakers William Hill land Ladbrokes. Just to put things in perspective Ladbrokes has currently almost 9000 machines with weekly profits around the £936 mark per machine, in 2014. Only a decade earlier profits were around half of that. As of now British punters lose around £1.7 billion on the £46 billion they wager annually. While some of the measures proposed to combat this growing problem included lowering the maximum bids from £100, the Government is still yet to lower this and there seems no signs of these machines disappearing any time…

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