Archive for May, 2009

Payment Processor Screws Online Gambling Websites

There is outrage in Costa Rica after a Canadian-based payment processor has reportedly screwed over a dozen online gambling sites out of millions of dollars. Many of the Costa Rican based Internet gambling businesses were utilizing Smart Banking Systems (SBS), represented by one Ben Waldman.  "(Ben) Waldman provided the platform for another individual to screw [...]

Thursday, May 28th, 2009

Britain’s Got Talent: Best Betting Odds at Sportingbet

Sportingbet.com continued to dominate the Britain’s Got Talent betting scene with the very best odds.  Susan Boyle would pay nearly even money (5/6) The finale was airing Saturday evening with millions of dollars being wagered on the show.  Shaheen Jafargholi had been getting the most betting action after Susan Boyle but the youngster continued to [...]

Thursday, May 28th, 2009

Macau casino revenue declines for 5th successive month

HVS International reports that Macau’s casino revenues recorded approximately $1 billion in April 2009, or a 9% decline from a year ago and 13% decline from March 2009. The numbers represent the fifth consecutive month in which casino revenues on the Asian offshore gambling island have declined. Media reports from the area have previously indicated [...]

Saturday, May 23rd, 2009

Kentucky racetracks in dire straits, appeal for slots licenses

Six of the state of Kentucky’s racetracks showed an unprecedented united front this week at a joint press conference focused on the precarious state of racing in the heartland of US horseracing and to appeal for the legalisation of slot machines. Kentucky’s state government infamously – and unsuccessfully – tried to highjack international Internet gambling [...]

Monday, May 18th, 2009

Finland Exploring Online Gambling Advertising Ban

Bad Finland Finland has drawn the ire of the European Commission with their gambling monopolies. Now, the country is attempting to correct their violations of European Union law by exploring a nationwide ban on all gambling marketing. Currently, state betting and lottery companies can advertise through sponsorship. That would become illegal under a new plan, [...]

Friday, May 8th, 2009