Based in Gibraltar, 888 Holdings Plc., has signed an agreement to purchase Wink Bingo for as much as £60 million to upgrade 888's presence in this growing area of the online gambling market. Wink's current owners Daub Ltd, will receive an initial payment of £11 million plus a payout of up to £48.7 million in the second quarter of 2011 depending on performance, with a final total of £59.7 million which translates into about $96 million USD.

Chief Executive Officer of 888 Holdings, Gigi Levy, commented that the purchase of Wink Bingo will help the company expand its online footprint "in the lucrative U.K. market". This is 888's second acquisition, of a bingo operation buying Globalcom Ltd. for $43.4 million back in March of 2007. Bingo is thought to be the future new growth area for the online gambling industry. 888 was forced by American regulators to cease operations in that country shredding it's market value three years ago. Levy thinks that the company will once again have a chance in the future U.S. market should the country revamp it's current ban on online gambling.

Wink Bingo came on strong in early 2008 and soon became a valued asset with great brand recognition. Wink Bingo attracted more than 60,000 active players a month and generated revenues of £15 million and pre-tax profits of £1.3 million in the 11 months prior to 30 November. Gala Coral, PartyGaming and Gamesys are all major players in the online bingo market and now with the Wink acquisition 888 will be more competitive. Foxy Bingo which is owned by Cashcade was bought by PartyPoker for £96 million last July after 888 lost it's bid for that company. Levy was quoted in the Times Online, as saying, ''They see it (bingo) as a social rather than a gambling experience.'' adding, while the majority of players were in the U.K., there was room for attracting more players in Spain and Scandinavia.

 

 

 

 

 

 

 

 

 

 

  

 

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Treasure Nile, a popular progressive slot has proven to be a great river of wealth for a Belgian online gambler. A member of the Jackpot Factory Group the All Slots Online Casino was the vehicle for the big 131,076.71 euro win. Warm congratulations were sent to the big winner player David R., by the casino. The casino uses the award winning Microgaming casino software and is consistently giving customers new and exciting slots to play as well as big bonuses.

David's good luck began just about a month ago when he made the decision to click on an e-mail he received, and joined the online casino.

David made a simple 4.50 euro bet that resulted in five "Pharaoh" symbols lining up on the ninth pay line of the progressive jackpot slot. David's casino balance instantly jumped 131,076.71 euros when he hit the jackpot.

All Slots Casino offers top value entertainment leading the industry in online slots tournaments, All Slots is a slots-focused casino and is accredited by eCOGRA, the Casino prides itself on fair play, honesty, and fast payouts. All Slots Casino is dedicated to responsible gambling and takes its social responsibilities seriously. It is proactive in preventing underage play and in providing assistance and support to members who develop gambling problems.

David who is a traveller may put down some serious roots he says and buy a house. This is a good example of how lady luck can come calling at any time when plying your favourite online casino games. Reflected in what Jackpot Factory's Vice President of Player Affairs, David Brickman says, offering his congratulations to the lucky winner, "You never know when luck can strike, and this exciting win just goes to show that at All Slots Casino, dreams really can come true! We look forward to sharing more winning moments with David, and with all of our players in the coming year."

 

 

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StanleyBet International was established in 1997, and is Europe’s leading cross-border retail sports betting company with a total of over 1,400 outlets. They are licensed in the UK, Croatia, Romania and Malta and have created a unique cross-border business model which is compatible with European law. Stanleybet International continues to champion the right to free trade and campaigns for a regulated cross-border market which adheres to the principles of the European Union.

Italy’s Abruzzo region was recently hit hard by a devastating earthquake leaving many people homeless and it's infrastructure in shambles. StanleyBet International has come to the region's rescue with a large donation of funds to enable the area to recover. This good will gesture is one the Italian people of the area are very thankful for. The earthquake that rocked the region last April was the worst experienced in thirty years.

The British bookmaker StanleyBet will help victims of the earthquake by donating 1.3 million Euros that will go towards the construction of a new school in the village of Arista. This is the largest contribution made so far by a foreign company and will get the primary school reopened by the start of the new term in 2010. It will accommodate ninety students in thirteen classrooms and allow children in the area to resume their education after an eight month absence. The managing director for StanleyBet International, John Whittaker, commented on the donation, “We have very close links in Italy as well as employing a significant number of Italian nationals within our business. After such a tragic event, we felt it was incumbent on us to help in any way we could and, as a result, we decided to fund the rebuilding of the school.”

Enzo Lucci, the Mayor for Arista, was pleased to comment on the charitable donation from StanleyBet, “We are very grateful to StanleyBet for its generous contribution and making the new school a reality – it means that our children will now have a building in which to learn.”

 

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Prism Casino powered by Real Time Software has brought to the consumer a new set of games to play. The Prism Casino is an online casino that since its creation has brought quality and continuous improvement to the online player. Prism Casino announced recently it will offer players even more selection to choose from. The newest additions are three exciting five reel slot games with the latest in innovative software features. Two of the newest game additions Naughty or Nice and Santa Strikes Back are Christmas themed slots with incredible graphics and sound. Santa Strikes Back is the sequel to the popular online slot Rudolph's Revenge, with intensive adventures that are going to have slot machine lovers playing for hours. These new slot games offer new free game features, bonuses and special jackpots making these the most exciting games ever for the slot lover.

Naughty or Nice is a five reel slot machine that is sure to have slot players singing Christmas carols all year long. Naughty or Nice is played with 50 lines and a max bet of $5 per line. It offers a Naughty or Nice Free Feature where 10 free games are awarded and prizes are doubled. Naughty or Nice comes with a Progressive Jackpot feature which is randomly activated, regardless of the amount being wagered.

Santa Strikes Back is the sequel to the famous Rudolph's Revenge slot adventure. In Rudolph's Revenge, Rudolph triesto take Christmas and the North Pole away from Santa Claus. In the Santa Strikes Back offering, Santa manages to get back up on his feet and gives Rudolph a run for the money. Santa Strikes Backs feature great fights between Santa and Rudolph and offers large payouts and two free game options. Prism Casino in its attempt to keep customers coming back keeps upgrading their games and makes sure it continuously offers new and exciting games to it's portfolio.

 

 

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According to the U.K.'s Sunday Times the private equity giant Apollo from the U.S.A. is planning a last minute take over of U.K. bookmaker and bingo operator Gala Coral with a financial restructuring plan. Apollo's proposition is to pay £250m (€281.6m) in exchange for a 50 per cent share of the company. This is the latest episode in the bid for controlling interest of Gala, which is owned by the private equity firms Candover, Cinven and Permira. There were reports recently that the Blackstone Group was also interested in acquiring the Gala Coral assets. A group of the gaming company’s junior lenders were reportedly looking to take control of Gala also. Apollo would have majority voting rights, should the deal be accepted, in effect giving Apollo control. Senior lending partners would receive the offered funds with junior lending partners receiving the remaining fifty percent of shares. Gala has run into difficulties of late due to unexpected taxes and new changes in the regulations in the U.K. Gala has a debt load of 2.9 billion euros which combined with the recession and lower consumer spending has made the debt almost unmanageable.

Executive Chairman Neil Goulden,said,"Given the Group's strong competitive position and very solid cash flows, we continue to believe that a consensual restructuring is a viable and realistic prospect and I will continue to lead and facilitate this process with the engagement of all stakeholder groups,"

"The Board has received a number of offers and is currently discussing these with the Senior Lenders Coordinating Committee...we would expect to make significant progress in the coming weeks and be able to update on progress early in the New Year,"

Apollo is familiar with the gambling industry with one of the world's largest casino operators Harrah's Entertainment within it's portfolio. Apollo bought bonds in the debt-laden casino chain. Along with Blackstone Group and TPG, the firm bought Harrah's in a $27 billion buy-out in January of 2008.




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The new iPhone has been a great boon to those people who are on the move and want to keep up with the latest news weather and sports. The application list for the iPhone grows by the day and now is starting to include apps for online gambling. Having an iPhone is like having your own casino at our fingertips literally. The touch screen feature makes this telephone a sleek and graceful addition to any ones technical arsenal.

Back in 2005 Ladbrokes was one of the first online casinos to offer it's products to the mobile gaming market, which has grown to include 15 casino and slots games, all available on iPhones. The great graphics and massive memory make the iPhone a chosen tool for mobile gambling by many tech savvy individuals.

Sports punters are usually busy people with lots on their schedules so Ladbrokes has created a sports betting facility to keep up with the ever changing gambling habits of the wagering public. Developed by mobile technology specialists, Mfuse, the new application will expand the opportunities to punt to the growing group of iPhone users.

Ladbrokes has over 25,000 active mobile account holders and is confident the trend will continue. With a 50% rise in active mobile phone users and taking into account the popularity of the iPhone along with more complex and smoother mobile online gambling web offerings the increase shows no signs of slowing down.

Ladbrokes Managing Director of Remote Gaming, John O'Reilly, said, "Mobile betting and gaming will be a key driver of growth in the sector in the next few years - the Ladbrokes iPhone application is another step forward in making mobile betting and gaming easier to access." When one considers the mobile cell phone use in the world today has grown exponentially over the last few years it makes perfect sense for online gambling operators to create applications that will enable the on the move business person to follow their favourite team or bet at their convenience whenever and wherever they want.

 

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The world of online gambling is regulated and licensed in the U.K and has it's safety nets for consumers.

The UK Gambling Commission has been vigilant in looking out for the betting public and has revealed it will suspend the gambling licence issued to Paradise Bet Limited, a Hounslow wagering company that operates Paradise Bet and Bet 1128.

Without saying too much about the suspension, the U.K. Gambling Commission is conducting it's investigation under section 116 of the Gambling Act 2005 which is part of an ongoing examination of the company's practices.

The BNet publication reported on December 3rd of this year that the assets of a London based online betting company had been frozen by enforcement authorities in Italy as part of a police operation to break up a big mafia outfit.

BNet also states that, "Paradise Bet, a company licensed by the UK's Gambling Commission, has been linked to a three-year investigation into the activities of the Parisi clan, whose members are accused of attempted murder, drug trafficking, loan-sharking, interfering with the bidding process for public contracts and money laundering,"

Local politicians and businessman in the southern Italian city of Bari, are implicated in the scheme and were believed to be among the seventy four people arrested by Italian officials, along with the 48 year-old patriarch of the clan, Savino Parisi.

Police seized over two hundred properties, 680 bank accounts, 61 luxury cars, nine stables and 71 horses, believed to be trotting horses, and 35 businesses said to be worth around GBP 200 million. The Telegraph newspaper also reported on the case, revealing that Italian officials were aided in the operation by Britain’s Serious and Organised Crime Agency. The operation was codenamed 'Domino' and it seems remained completely undetected by the scamming group.

"Paradise Bet Ltd, of Hounslow in Middlesex, was granted a casino and general betting licence in April 2007," by the Commission with Bnet revealing that, "The group's financial statements for Paradise Bet Ltd from the year ended March 31, 2008, state the business made a loss in 2008 of GBP 1.6 million from turnover of GBP 105 million. The previous year the business made a profit of GBP 336 000 from turnover of GBP 108 million."

The Remote Gambling Association, managing director Clive Hawkswood told the publication that the seizure of the company was "not good news."

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Entertainment these days is just a simple click away, with the internet providing everything imaginable from shopping, movies, music or fantasy gaming that has more variety available all the time. In this huge and sometimes overwhelming volume of content it is easy to get your wires crossed and make a wrong turn on the internet highway. There are a few such situations that even the federal government of the USA seems to look down a different path even thought the road looks the same, almost. Such is the case of Fantasy gaming, which some think this is gambling under a different name with all of the same attributes as real online gambling.

In a report by the Wall Street Journal, white-collar employees are being terminated by firms for breaking company rules against gambling, specifically playing fantasy sports. Something that surprises many because the government seems to allow the activity without penalty to operators or participants.

Fidelity Investments, was used as an example by the paper reporting that four employees were sacked for participation in a fantasy sports pool which violated company policy on gambling in the workplace. No company resources were utilized and the workers had glowing work records. The investment company said playing in office pools and leagues was a clear violation of those rules. Fantasy sports gambling is compromised by the fact that cash or prizes are offered as incentive for performance that is mostly given to chance. Lawmakers and law enforcement are keeping a safe distance from the popular past time making sure they are not seen as too harsh when it comes to curtailing the freedoms of the American public. To go from a wager on a fantasy game of football to a real bet on a real game of football doesn't seem like to big a leap for most but for the government that would be just unthinkable. After all what would America be without fantasy.

 

 

 





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Facebook has a few games within it's vast network mostly fantasy games that offer entertainment and most definite fun. Now in order to keep it's all pervasive squeaky clean image Facebook will be banning any and all advertisements to do with gambling on it's network. It is speculated that Facebook will grow to as many as nine million participants in the near future, that's a lot of people connected and a huge market for what ever that company decides to promote. Gambling is not one of those activities that the youth oriented social network will condone.

Google recently rescinded it's position on listing online gambling operations on it's search engine which is the biggest on the planet. Facebook has gone in the opposite direction and removed any reference to gambling including all forms of online gambling from their web pages.

In America, the home of Facebook, the debate for and against regulation and legalization of online gambling rages on without end. It is perhaps because gambling is considered a vice by a majority of everyday people today that the network has decided to keep away from the taboo subject. This is speculative at best considering the fact that Facebook has a number of applications through which poker rooms can be accessed and casino games played, although these applications do not involve real money. These activities are naturally ones that contain a social aspect which makes them a perfect match for a Facebook user. Again it sounds like there may be some pressure on the company to keep the image of their social networking operation as free of controversy as possible. It is probably a good move politically for the firm staying in the middle of the road by keeping their image within the margins of the moral majority. Besides they can always change their policies should things ever change in the USA.

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In the United States of America there are conflicting views on where the use of the Internet as a tool to wager is legal and where it is not. In a new series of events the public in the USA are beginning to see that some state officials are finally realizing that the web is a way to keep their lotteries and horseracing action viable. The Virginia state Lottery hopes to introduce online gaming in the near future.

The Virginia Lottery is opening up to the new world of online gaming, and is speculating that people will soon be able to play the lottery games online. Despite the crack downs on online gambling shops in some parts of the state other jurisdictions within Virginia are calling for legalized and regulated online betting there. Paula Otto, Executive Director of Virginia Lottery said recently, "There are billions of dollars being spent online in gaming activities. When it is legalized I think we in Virginia want to be ready to offer games to our players,"

Lottery sales have continued to decline since America went into the biggest recession since the depression era. Enlightened officials see the use of ever popular and available technology as a way to boost those flagging sales and return to pre-recession revenue levels. Commenting on the use of electronic media to play the lottery in Virginia, Otto said, "Instead of scratching off a ticket that you would buy at a retailer and having to brush away the latex, you might do that electronically,"

"In Europe there are some models where you do see some sort of scenario play out. Maybe it's a horse racing game, and then there is an electronic horse racing game," added Lottery Director Otto. There are some hurdles to overcome before the Lottery goes online in Virginia. Betting limits and age verification methods must be established first to make sure the activity is not abused. Congress is slow to change the laws so state officials feel it is their job to get on with making the internet a viable source for online gaming.







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