The spectacular fall from grace of a high-living, 25-year-old Aussie e-processing whiz was in the Australian media again this week as it was disclosed that Daniel Tzvetkoff had declared bankruptcy in January 2010 with personal debts totaling over A$50 million. The young businessman, once known for his Sydney mega-mansion and very expensive luxury cars, owes the funds to a handful of creditors including international Internet gambling giant, Kolyma Corporation, which has submitted its claim to Tzvetkoff’s bankruptcy trustee. <

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In an op-ed piece that appeared in the Washington publication Roll Call, Representative Jim McDermott this week reinforced calls for a more pragmatic approach to sports betting by Congress.

In his article titled “All Bets Are Not Off on Super Bowl Sunday” McDermott highlights how an expected “…99% of wagers on the Super Bowl will be placed illegally online or through a bookmaker, where consumers have no legal protections and are left vulnerable to exploitation.”

The proliferation of illegal betting reinforces how government efforts to prohibit online gambling have failed, which, Rep. McDermott argues, should encourage Congress to adopt a more sensible policy approach.

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A 2010 Super Bowl bet we believe could come through for savvy sports bettors relates to the Super Bowl Margin of Victory betting.  

No, Gambling911.com doesn’t have the magic answer as to where the score will end up but there is a strategy that could work to maximize value based on pricing per certain bets.

First, let’s ask this question:  Where do you think the score will land?

Oddsmakers at Sportsbetting.com have been reluctant to move above Colts -6, and probably with good reason.  Most believe this will be a tight game.  Close doesn’t mean the Colts can’t win by a touchdown or even 10 points for that matter.

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One of poker’s biggest losers of 2009 is thus far among 2010’s biggest gainers.  Dane Gus Hansen won another $384K the other day.

"Almost all of it came in the PLO part of the seven game and Brian Townsend was the main donator, dropping about $230K," reports High Stakes DB.

"After losing more than $5.5 million in 2009, Gus Hansen ended January with over $1.7 million in profits, primarily from the 7-Game tables," PokerNews.com reports.

Meanwhile, Brian Hastings had an amazing day on Tuesday.

From High Stakes DB:

"The big winner of the day was Brian Hastings who cashed in almost $428K.

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Rod Boshart | Globe Gazette

DES MOINES – Iowa gamblers would be able to legally wager on sporting events if Congress and the Iowa Legislature play ball.

Two Democratic senators introduced separate measures Thursday seeking to give the state Racing and Gaming Commission authority to allow state-licensed racetracks and riverboat casinos to offer sports betting to patrons if a federal prohibition is lifted.

"I think we ought to have sports betting in Iowa," said Senate President Jack Kibbie, D-Emmetsburg. "They’re probably betting on them anyway, but we’re not getting any tax. I think it would raise a lot of money.

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UFC 109 on Saturday, February 6th has 11 bouts on the card including a matchup of Hall of Fame fighters as Randy Couture takes on Mark Coleman.  There are five fights on the pay-per-view portion of the card and six preliminary bouts, two of which will be televised on Spike TV. 

UFC 109 has a lot of big UFC odds favorites and that is somewhat unusual.  Couture is  -450 in UFC odds at SBG Global for his bout against Coleman.  Not many people are giving Coleman much of a chance.  These two fighters were supposed to meet almost 12 years ago in UFC 17 but Couture was injured and pulled out. Coutu

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PartyGaming The possibility of two of the biggest gaming companies in the world merging was highly speculated this past week. PartyGaming and Bwin Interactive Entertainment stocks both rose after word of the merger circulated.

PartyGaming stock is currently one of the top gaming stocks in the world. On Friday, the company’s stock rose on the London Stock Exchange to 285.50. It was an increase of 16.70, or 6.21%.

Bwin, meanwhile, had its stock rise 3.2% in Vienna. Bwin is based out of Austria, and a potential merger between the two companies could have long-lasting effects on the gaming world. Read the full post >>

The online gambling competitive action in the UK market will warm up considerably in 2011 as a leading American slot machine manufacturer broadens its business interests with a foray into the Internet gambling market. It is not yet clear in what role it will operate online, as it has a wide capability range.

WMS Gaming, a subsidiary of WMS Industries in Illinois, plans to start out in the UK market some time in 2011, widening its target to other legal and regulated European markets as its online business success and capability grows, the company said this week.

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When it comes to the best online casino software developers, the people who have the final say as to the quality and performance of a developer is the actual players themselves and when it comes to Playtech, players rank them highly.

Behind all successful online casinos is their backbone software developer, providing the software and functionality – this is where Playtech fit in. Playtech are one of the top developers providing high end gambling companies with the software they need to power their online casino.

Online casinos which are powered via Playtech are able to benefit from the exclusive licensed content and games that Playtech have to offer. A

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If you’ve been watching TV coverage of the earthquake in Haiti, no doubt you’ve heard numerous times how Haiti is "the poorest country in the Western Hemisphere."

That fact–that nobody has any money there–has exacerbated the effect of the earthquake.

Helpless people are now even more helpless.

It didn’t have to be that way, however.

Haiti didn’t have to be so poor–at least not for the last decade.  Had Haiti only embraced online gambling–as other Caribbean nations have done–it would have been one of the richest countries in the Caribbean.

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