The Wall Street Journal (WSJ) reported last April 03, 2015 that the Walt Disney Company through its multi-media sports entertainment subsidiary ESPN, intends to invest $250 million on Boston-based fantasy sports betting company DraftKings Incorporated. WSJ further disclosed that a major provision of the investment deal is for DraftKings to spend roughly $500 million of…
Read moreLast April 02, 2015, Rich Muny, the Vice President of Player Relations at Poker Player Alliance (PPA) submitted a petition seeking the support of President Obama in the fight against the proposed Restoration of America's Wire Act (RAWA). Mr. Muny put forward the petition, not as a representative of the PPA but as a private…
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Last week, 888 Holdings launched the first U.S. Multi-State Poker Network (MSPN) in the online gambling states of Nevada and Delaware. The launch brings fruition to the first interstate gaming compact signed last February 2015 by Governors Brian Sandoval (Nevada) and Jack Markell (Delaware). As the company in-charge of operating the shared poker platform, 888…
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The Restore America's Wire Act (RAWA), which aims to force a federal prohibition against all forms of Internet gambling, received a hearing last Wednesday from the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Contrary to what RAWA supporters had hoped to elicit, the hearing saw lawmakers belonging to both parties, raise concerns…
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Scandinavian gaming company Mr. Green & Co. has announced that initiatives to launch online gambling operations in Italy through its newly acquired subsidiary MyBet Italia, will push through as planned. The notification came around last Monday (March 23, 2015) after the Amministrazione Autonoma dei Monopoli di Stato (AAMS) granted approval to Mr. Green Limited's petition…
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Amaya Inc.'s press release last Wednesday indicates the Asian market as the current focus of the company's growth strategies for 2015. After all, many of those operating in the online poker industry believes that Asian countries such as Japan and China are fast emerging as potential target growth, since Western-style poker is still a novel…
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Last week, New York-based games developer High 5 Games (H5G) filed a lawsuit against Nevada-based International Game Technology (IGT) as a means to claim money owed by IGT for its unauthorized use of several H5G games. Apparently, the legal action taken by H5G is an escalation of a previous content distribution squabble, over IGT's alleged…
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The U.S. Internal Revenue Service (IRS) has recently published proposed changes to the tax information reporting policies observed by casinos. The changes include the reduction of reporting threshold for gross casino winnings down to $600 or more, to replace the previous $1,200 or more, for slot and bingo payouts and $1,500 winnings from keno games.…
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NYX Gaming, the iGaming company that acquired the Ongame Poker Network from the Amaya Group last year, will be adding the Ongame Instant Rewards feature to NYX’s Italy-facing online poker products. Designed and built by former Ongame Poker owner Amaya as an achievement engine, it is a tool used by operators to boost player activity.…
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GTECH S.p.A., the company that took control of pioneer casino gaming company International Game Technology (IGT) in July 2014 announced that the new company formed by the merger agreement between the two companies is to move forward in the lottery and gaming industry using the IGT trade name. The initiative pertains to the rebranding of…
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