Casino Tropicale

The Spanish-based Padel Pro Tour circuit will now be renamed the bwin Padel Pro Tour circuit as it attained a new title sponsor and official betting partner in online gaming operator bwin , this week.

The sponsorship of the paddle tennis tournaments will run for three seasons and includes the rights to the live-streaming of all matches.

Norbert Teufelberger , bwin, Co-CEO, said: “We are very proud to become partners of the Padel Pro Tour, a sport that is attaining more followers in Europe and the rest of the world. It’s fun to play and entertaining to watch.”

“In this our sixth season – it is great news to have bwin as a partner for this extraordinary spectacle that is professional paddle.

(Read the full post about ‘Padel Pro Tour circuit’s new sponsor is bwin’…)

As soon as Iowa Governor Terry Branstad (R) proposed drastically increasing the tax rate for the state’s casinos, the industry has been livid. The casinos and anyone who has a basic understanding of economics concluded that it would hurt business and result in reduced profits and reduced employment. Now there is a study to back that up.

Governor Branstad’s proposal would tax casinos at a 36% rate, which is a large hike from the current level of 22% or 24%, depending on the casino. Today a study conducted by Harvey Siegelman of the Strategic Economics Group was released, showing just how bad the tax hike would be for the state.

In the report, Siegelman says that the massive tax increase would result in four of the 17 casinos going out of business. Ano

(Read the full post about ‘Study: IA governor’s plans would close casinos’…)

The chief executive officer of the giant Austrian online gambling group Bwin Interactive, Norbert Teufelberger, is optimistic that the German market will be opened up and the current monopolistic stranglehold of the country’s sixteen states (provinces) will be broken.

Teufelberger made the prediction in an interview this week with the mainstream newspaper Handelsblatt, saying that all the indications point to liberalisation, and that a positive decision is expected this week from the government.

The Bwin executive said that his company, which is in the process of merging with Party Gaming plc to create the world’s biggest internet gambling group, was prepared to pay taxes and apply for licensing in an open and competitive market.

Gamblers are now looking for player vs player scenarios but want something more than unimaginative variants of Bingo, Poker, Online Roulette and Casino, says Andrew Denbigh, CEO of new arrival One in a Million Gaming Limited.

The erstwhile recruitment exec is confident that he has the answer – a game which he boasts has the best odds for winning online, and meets the stringent requirements of the UK Gambling Commission.

Denbigh launched the game this weekend, describing it as a player vs player competition with a big money jackpot. The total prize pools paid out after each game are £10,000, £100,000 and £1miliion, he says.

(Read the full post about ‘Innovator claims player2player ‘One in a Million’ is best bet around’…)

PartyGaming was once considered to be the top online gambling company in the world, but legal trouble with the US caused the company to lose some of its steam in recent years. PartyGaming was accepting US online poker players, and eventually the US went after the foreign-based company.

A settlement was reached in the case, and that freed PartyGaming up to pursue a move into the US market in the future should the country change its current online gambling laws. In the meantime, PartyGaming reported a fifteen percent profit increase in the last year, driven mainly by their casino and bingo offerings.

(Read the full post about ‘PartyGaming Stock Rises With Possible US Return Looming’…)

The Cake Poker Network appears to have a strategy to counter the recent loss of Doyle’s Room, launching the new Poker Pros Network this month through CDV Software Development, a company registered in Panama and operated from Costa Rica.

Poker Pros Network is being presented as a unique concept in online poker, offering players the opportunity to pit their skills against some 35 top players in private games and other poker related events around the clock.

The pro team has some impressive names such as Hall of Famers T.J.Cloutier, Barbara Enright and Marsha Waggoner; top tournament stars like Paul Darden, David Levi and Chris Reslock; noted authors and poker coaches like Vince Burgio and Chris “Fox” Wallace and online specialistslike Krazy Kanuck, Josh Brikis and Brandon Jarrett.

Just to get the ball rolling, Cake is offering first-time players on its network a deposit bonus of up to $500.00 in its Pro Bounty series.

A recent economic development study predicts immense long-term job creation and tax revenues in New Jersey if plans to legalize and regulate online casino gambling and poker materialize.

New Jersey’s Internet Gambling Bill
New Jersey is only one signature removed from legalized online gambling. As an “Intrastate Internet Gambling Bill” recently passed both of New Jersey’s legislative houses, only the Governor’s signature is needed for the bill to go into effect.  

Economic Development Study
The study released by the Interactive Media Entertainment and Gaming Association (iMEGA), and carried out by a public policy and economics consulting firm, estimated the short and long term effects of legalization.  

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(Read the full post about ‘“Online Gambling to Create 57,000 New Jobs in NJ”’…)

Internet gambling software developer Entraction Holding AB reported weak full year 2010 results this week, with net sales of SEK 340.8 million showing a decline of 22% over 2009.

Despite initiating an action programme in August 2010 to reduce operating costs, the company reports that the continued decline in sales compared to 2009 is largely due to the Euro exchange rate and the closure of Cardroom 2.

• Net sales amounted to SEK 340.8 million (SEK 435.4 million), a decline of 21.7%.

• EBITDA was SEK 34.0 million (2009:64.2 million), a decline of 47.0%.

• Operating profit amounted to SEK 20.2 million (SEK 52.0 million).

(Read the full post about ‘Entraction’s sales continue to decline in 2010′…)

A five month investigation that started with complaints by neighbours and ended in a series of major police raids has seen 24 people detained in a suburb in the lower Hudson Valley in New York, according to local media reports. Police in Haverstraw furnished the press with a list of names of those involved and the charges laid, which centred on internet wagering on the Dominican lottery.

“When you start an investigation, you never know where it will take you,” said Capt. William Barbera, a representative of one of 19 law enforcement agencies involved in the five-month investigation.

At least five of the 24 people arrested in Haverstraw are in the country illegally, according to local District Attorney Thomas Zugibe.

(Read the full post about ’24 detained in New York state gambling raids’…)

Bingo at bet365 player ‘taloo1′ is sure to be enjoying an extra special festive season this year, having scooped an incredible £3,922,736 Progressive Jackpot win on Christmas Eve.

This amazing win came courtesy of bet365′s Clover Rollover – a magical Slot Game in which players can enjoy the luck of the Irish while spinning the colourful reels. This is exactly what happened to ‘taloo1′, who was lucky enough to spin five shamrock symbols and trigger his fantastic jackpot win.

On realising he had hit the Progressive Jackpot, ‘taloo1′ was understandably shocked and excited. The sheer scale of his win has not yet fully sunk in, so he has not made any immediate plans for what he will do with the money. (Read the full post about ‘Bet365 Bingo Player Scoopes £3.9 Million Jackpot Win on Christmas Eve’…)