Online Casino News From Around the Globe

Betting Related Terms Most Expensive In UK Google AdWords

Anyone doubting the market size of the gambling market needs to read data released by Search Engine Watch. We all know the power of a Google search and the billions spent on bidding for key words in Google results show which global sectors have the most cash to spend to ensure their keywords appear first on the world’s most popular search engine. Google generates over $67 billion annually and Google Adwords is playing an important part in this. The article in Search Engine Watch takes a look at the most popular words in Google Adwords in the UK and more interesting the astronomical sums of money that are been paid for these keywords. The article goes on to explore the most expensive words in the UK and analyzes a database of 2000 keywords from a database of 12m in the UK. The most revealing part of the report is that betting related terms account for no less than 77 of the 100 most expensive keywords and 22 out of the top 25. The most expensive keyword was “play live blackjack” and cost £148.5. The cheapest word in the top 500 was £54.92. Apparently the marketing gurus have figured out that many gamblers are not too good at spelling and three of the top 25 keywords target those who cannot spell “roulette”. Besides gambling there are four additional sectors making up the top 100. These companies are also forced to pay expensive fees to get their ads at the top of the list. These include Technology, Finance, Legal and B2B. This data is especially eye opening as the mind boggles as to what could happen if the US market would allow legal gambling on a nationwide basis. No doubt Google executives are waiting for this day judging by the UK…

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PokerStars Entry Into New Jersey Results in Record Online Gaming Revenues

The entry of PokerStars into the New Jersey Online gambling market is already having a serious impact on revenues in the Garden State. While it has only been a few weeks since PokerStars officially launched in New Jersey the figure release by the New Jersey Division of Gaming Enforcement already paints a pretty picture. The month of March saw record online gaming revenues due largely to PokerStars contribution with revenues reaching $15.5 million. This represents an 18% increase from the same period last year and an increase of $800k from the previous month of February this year which was also a record breaking month. While only officially launching on March 21, generated almost $600k in poker revenues. Overall online poker revenues in New Jersey were up 10.5 percent in March to reach $2,462,064. Overall online gambling in for the state were $15,507,459 in March which was a 17.8 percent increase from the same period last year. As usual the leading casino was the Borgata Casino Hotel which generated $4.22m. Online sites running in Caesars Interactive platform generated revenues of $3.16 m which was an increase from the $3m in February. The Tropicana reported revenues of $3.17m followed by Caesar Interactive with $3,16 and the Golden Nugget with $3.06m for the month of…

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CG Technology Suing DraftKings And FanDuel For Patent Infringements

Another setback for DFS operators DraftKings and FanDuel this week. The Las Vegas based CG Technology (the former Cantor Group) are the latest to take these DFS Powerhouses to court. The issue in point this time is that CG Technology are claiming that DraftKings and FanDuel have infringed multiple patents of theirs. According to CG Technology eight patents have been breached and include player identification codes and game control signals. These mechanisms according to CG Technology enable DFS operators to process results, carry out multiple operational tasks and create unique customer identifiers. Apparently both DraftKings and FanDuel were issued cease and desist orders from as far back as July 2014 but according to CG technology both companies made no attempts to negotiate any settlement thus leaving no choice but to embark on the legal route of suing for patent infringements. CG Technology are looking to get an injunction enforced against the DFS operators for continuing to use their technology. In addition they are seeking damages retroactively over the patent…

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Danish Government Considering Selling Danske Spil

State owned online gambling revenues are always an attractive source of revenue for cash strapped governments and it is always a surprise when a government is willing to give these up. According to reports this is what the Danish government is doing as they are considering the selling of the state owned Danske Spil betting operation. The Danish Government is reportedly weighing up the pros and cons of selling Danske Spil’s online gaming operations which includes their poker, casino and online betting operations. The lottery side of the operations however will remain under state control. Needless to say this move is very controversial as the once off payoff is a drop in the ocean when considering future revenues that will be lost. This thinking is backed by the opposition who are pointing out the short sightedness of the government who thy claim are only looking to the short term gain and have given no thought to long term planning. It is estimated that the sale of Danske Spil’s betting business could generate over $600m. According to deputy chairman of the Conservative parliamentary group, Brian Mikkelson the sale of Danske Spil could be completed within a year. In an interview with the Borsen he went on to say that the sale would be as easy as snapping one’s…

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PGA Tour Looking To Cash In On Legal Sports Betting Billions

No matter what anyone says when it comes to billions of dollars at stake the moral and legal lines are always going to be blurred. Sports betting in the US is one of those sectors that generate billions in legal sports betting and much more than that in illegal bets. The debate over preserving the purity and integrity of sports has changed tremendously in the last few years. While only a few years ago the thought of the NBA commissioner calling for a legalization of sports betting would have been unheard of, this thinking is becoming more prevalent. The pragmatists and realists know all too well that sports fans are going to bet whether it is legal or not. The only question is where all these billions of lost dollars will go. Many are of the opinion that it is better to regulate the industry and reap the benefits of the revenues as otherwise all is lost to illegal operators. In an interesting move Bloomberg News reported on the PGA Tour issuing a request for proposals (RFP) for sports data companies to submit bids on proving real time tournament information to online sports betting operators. Currently the estimates are that golf generates an estimated $2.8 billion annually and the PGA is looking to cash in on that. This development is very interesting as it reaffirms the growing trend of the sports industry who realize that they have to keep up with their target audiences who are younger and are used to interacting online whether through DFS or other channels. The purpose of the RFP document by the PGA Tour is to “explore the risk/return trade off associated with potential entry into the online sports gaming category”. It also seeks to explore the other “financial upside” options that include equity deals and revenue share options. Companies reportedly chasing the PGA contract include Sportradar and WME/IMG. As mentioned one of the key factors in the PGA looking to go in this direction is the fear of losing the next generation. President of LHB Sports Entertainment & Media summed it up well and said,” The PGA is at risk of losing the next generation. You have to do something or your’e going to fade away to harness racing.” In statement from the PGA Tour, spokesman Ty Votaw tried to play down the RFP and said that they send out proposals all of the time, He went on to say that ,”We’re far away from the any kind of deal, We only talk about things when we announce them. We don’t talk about things in…

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