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Kevin Smith Gaming Guru - Page 48Is P2P Betting a Hotbed for Money Laundering?9 April 2002
Tighter banking regulations around the world, stricter credit card policies and a self policing by operators and industry groups have helped minimize money laundering conducted through online gaming channels, but the emergence of person-to-person (P2P) betting has created new challenges amid the ongoing ... (read more)
Sunny Group's Post-Microgaming Life Begins4 April 2002
Tensions remain high between I-gaming software provider Microgaming Systems and virtual casino operator Sunny Group, but both sides appear to be going their separate ways after the termination of their partnership and ensuing public quarrel.
Sunny Group reported last week that it has severed ties with Microgaming because it suspected Microgaming had rigged its random number generator. ... (read more)
Count The Venetian In3 April 2002
In May of 1999, Sheldon Adelson forever changed the way hotels and casinos were built on the Strip in Las Vegas.
Nearly three years later, the owner of The Venetian, and the mega-resort's parent company Las Vegas Sands Inc., may be getting ready to jump into the Internet gaming marketplace.
The indication was made this week when Adelson's company filed its annual report with the U.S. ... (read more)
Mandalay Pulls out of AGA2 April 2002
Unable to reach a compromise on how to approach Internet gambling and a host of other issues, officials with Mandalay Resort Group has withdrawn its membership to the American Gaming Association, the American casino industry's top lobbying group.
A Mandalay Resort official confirmed to IGN that the AGA's ... (read more)
Europay Addresses I-Gaming Fraud29 March 2002
The European arm of MasterCard is proposing new security measures, for both online gaming operators and consumers, to cut down on increasing fraud conducted through Internet casinos and sports books.
Europay released figures Thursday showing that £411 million of fraud was committed in 2001 through Internet gaming. ... (read more)
A Different Kind of March Madness28 March 2002
Feuds between operators and software suppliers, the shutting down of two sports books and continued problems with credit card processing made March one of the darkest months for the online gaming industry in recent memory.
The black eye started to show itself in mid-February when, two weeks after the Super Bowl, the Aces Gold sports book filed for bankruptcy. ... (read more)
Spotlight: Advanced Betting Platform26 March 2002
One of the leading IT solution providers in London, Laverock von Schoultz, has developed new betting software for Internet sports books. The company's "Advanced Betting Platform" offers automated bet settlement and live-feed integration as its biggest selling points. One of Britain's biggest bookmakers, ... (read more)
What's Next for Coeur D'Alene?25 March 2002
"It was always just about money and not about laws and the rhetoric that was being attached to it by our opponents."
- Dave Matheson Coeur d'Alene Tribe Hotel Casino and Resort
The Ninth U.S. Circuit Court of Appeals last week reversed a U.S. district court's ruling that AT&T was not ... (read more)
P2P Betting Takes Ireland by Storm20 March 2002
Any doubters to the recent increase in popularity among person-to-person betting sites needn't look any further than Ireland for proof of the P2P boom.
The island nation recently became the home base for a third P2P site with the launch of Tradesports.com, a new P2P site aimed at bringing an element of the financial markets to the P2P sector. ... (read more)
On Track - March20 March 2002
Youbet.com Soap Opera Continues
Less than a week after resigning his position as CEO of Youbet.com, Ron Luniewski today was hired to oversee the interactive business of Magna Entertainment.
Luniewski, who was named co-CEO of Youbet.com last year after the resignation of Robert Fell, was forced to resign, as Youbet.com found itself short on cash and had little options left. ... (read more)
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