New York has taken a gamble regarding their initiative for casino expansion, but it doesn’t look like the risk is paying off. The three new casinos include the Tioga Downs in the Southern Tier, Rivers Casino in Schenectady, and the Lago Casino in Waterloo. None have produced the expected revenue. This year’s revenue from the…
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A long-standing legal dispute ended with a financial settlement this week between the government of New York and the Seneca First Nations. The two sides paid millions in revenues owed to cities across the state, while also agreeing that no new government operated casinos would be built in Western New York – which is also…
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As the World Series of Poker tournaments continue, players are ranked on three separate leaderboards for the title of ‘Player of the Year.’ In early May, US-born Paul Volpe was ranked as the lead POY contender with Bluff Magazine, CardPlayer Magazine, and the Global Poker Index. But Volpe was overtaken in two of the rankings…
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A lucrative purchase last week illustrated the importance of online gambling guides within the ever-growing internet casino industry. The acquisition merges one of the world’s most established gaming software developers with millions of players in the poker community. Playtech announced it officially purchased the super-affiliate PokerStrategy for approximately $50 million. The purchase was important for…
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Facebook is entering the sportsbetting industry thanks to a new partnership with Irish bookmaker Paddy Power. The new sportsbetting app allows players to bet on horseracing, football matches, and the world’s biggest sporting events using real money to gamble. The app, entitled Paddy Power In-Play!, will initially be exclusive to computer users, while mobile gamers…
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Lotto Max good fortune lit up in Ontario this weekend after the results of the $50 million lottery draw were revealed Friday night. Since a winning ticket was sold for the big draw, next week’s jackpot is expected to be approximately $10 million as the pot rebuilds once again. Unlike recent jackpot draws where there…
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Sheldon Adelson, CEO of Las Vegas Sands Corp and billionaire owner of a variety of casinos angered the online gambling industry this month. The billionaire told Forbes magazine he believes online casinos should include the slogan “click your mouse, lose your house.” But supporters of online gambling, including proponents of a new federal online poker…
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GigaMedia Limited, one of the leading global providers of online software for gaming and entertainment services, is focusing its attention on the expanding social casino games market. GigaMedia will include social casino games on its affiliated and popular FunTown gaming portal to become a market leader in Asia, one of the largest markets for social…
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Microgaming, one of the leading software providers in the online gambling industry, continues to introduce new takes on classic casino games. The developer partnered with Playboy earlier this year to release the Playboy Live Dealer, which substitutes Playboy Bunnies as roulette, baccarat, and blackjack dealers inside all Microgaming-powered online casinos. The partnership extended into other…
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PokerStars reached a milestone yesterday by dealing its 100 billionth hand of online poker. The landmark hand paid out over $103,000 to the winner, while also distributing over $2 million in cash prizes to all players who were online the moment the 100 billionth hand was dealt. The landmark hand was watched over by dozens…
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