Online Gambling Sites Abolishing Affiliate Programs: Could Go the Way of Dodo Bird

Online gambling affiliate programs could be a thing of the past as pressure mounts to do away with the more popular “revenue sharing” models.

Because many online gambling affiliates profit off of gamblers losses, with some of the more unscrupulous site owners offering long shot losers in an effort to further support financial gain, some organizations have begun to take notice while betting firms the likes of Skybet are already doing away with their affiliate programs altogether. Continue reading

Online casinos continue to grow in New Jersey

July has been all smiles for online casinos in New Jersey, surpassing $20m in gross revenue for the fifth month in a row and with two new online casinos now becoming fully licensed.

Figures from last month show an increase of 18.5 % year-on-year basis in online gaming. They reported a gross revenue of $20.6m, compared to $17.4m in the same period last year. Additionally, playMGM and Scores have been granted new licenses to operate. Continue reading

Online fraud biggest headache for iGaming operators

A new report shows the extent of difficulties caused by fraud as well as other challenges in the online gaming business.

CASEXE, an online casino software developer and supplier for online gaming businesses, conducted a survey of 50 online gaming business in European and Commonwealth independent States.

The findings raised red flags regarding fraud, regional restricted acceptance payments, content, payment delays and financial gambling operations.

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No sex, no gambling: China tightens rules on foreign investment

China now has a list of what it considers the “right” kind of outbound investment as the government continues its crackdown on foreign spending.

The new rules prohibit investments in core military technology and anything that endangers national security, along with the gambling and sex industries, according to a government statement released Friday. Outbound deals in property, hotels, entertainment, sports clubs and film studios will be restricted, though the government didn’t specify how those would be curbed.

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Chinese authorities on Saturday released from jail a top Australian executive at a casino company

Chinese authorities on Saturday released from jail a top Australian executive at a casino company following the completion of his sentence on gambling-related offenses.

Jason O’Connor, head of Australia’s Crown Resorts Ltd.’s international VIP programs, was sentenced to 10 months in prison in Shanghai in June.

Australian Foreign Minister Julie Bishop, in an emailed statement on Saturday, confirmed O’Connor’s release from detention and said he is returning to Australia.

Casino gambling, the marketing of casinos and organizing overseas gambling trips involving 10 or more people are illegal in mainland China. The case against Crown Resorts’ staff came as authorities crack down on gambling as part of a wide campaign against official corruption. Continue reading

New York States three new commercial casinos are turning out much weaker gambling revenues than projected

New York States three new commercial casinos are turning out much weaker gambling revenues than projected, with gross receipts at one gaming hall off about 40 percent.

So far New York has received $50.2 million from the three casinos, said gambling industry officials on Wednesday at an annual meeting near the famed Saratoga thoroughbred track. They did not specify how much tax revenue, which goes to education and property tax relief, the state had expected to get from the three casinos this year.

State officials expressed patience with the shortfall while highlighting that job creation and construction spending have exceeded expectations.

“The full amenities are not yet open,” said Robert Williams, executive director of the New York State Gaming Commission.

When Jeff Gural, owner of Tioga Downs Casino in Nichols, campaigned for a casino license, he projected the first year’s taxes to the state would be $32 million. So far he has sent just $13.3 million in taxes through the end of June, but hopes a new hotel opening in November will boost that figure. Continue reading

Casino revenue in Atlantic City was down last month 2.7 percent over last year

Casino revenue in Atlantic City was down last month 2.7 percent over last year, yet the seven remaining casinos saw a slight increase.

The remaining casinos, excluding the shuttered Trump Taj Mahal, saw a 3.9 percent increase. That includes an 18.5 percent increase in internet gambling.

“It is clear that business is building for the seven operating casinos and I am optimistic it will continue to grow in the months ahead,” said Matthew Levinson, chairman of the Casino Control Commission. He noted that there was one less weekend day in July 2017 compared to last year.

The biggest percentage increase was posted by Resorts, up 14.4 percent to $20.4 million. The Tropicana saw a nearly 13 percent increase to $37.5 million.

The Borgata remained Atlantic City’s top casinos in terms of gambling revenue with $76.3 million, but that was down from $80.3 million in July 2016. The Golden Nugget also saw a slight decrease, while Bally’s, Caesars and Harrah’s were slightly up.

Among internet gambling providers, the Golden Nugget’s take increased again, up nearly 69 percent to $6.2 million.

The casino’s take for the year through July was $1.417 billion, a 0.5 percent increase over 2016.

This story has been corrected to show that total casino revenue was down 2.7 percent, not 4 percent, and that the remaining casinos saw a 3.9 percent increase, not 2.9.

BBC, Disney and Madison Square Garden Join eSports Movement

Anybody requiring further proof that eSports’ popularity, and its accompanying betting market, is growing at an unchecked rate need only note the names of the latest three brands to join the movement. The UK’s public broadcaster, the BBC, has signed on the dotted line to show live eSports coverage via its digital platform, BBC3.
All the while, Disney has accepted two major eSports players onto its famed Accelerator Program for 2017 and the Madison Square Garden Company (MSG), which owns the world-famous venue of the same name amongst other ventures, has purchased a controlling stake in Counter-Logic Gaming, one of eSports’ trailblazing teams! Continue reading

Finland First to Recognize Pro eSports Players as Athletes

eSports, or electronic sports, have been around for decades but in the recent years its popularity as a sport has been on the rise. The budding sport has even taken roots in the Nordic country of Finland following the country officially recognizing eSports pro players as real athletes, the first to ever do so.
As a matter of fact, eSports is such a well-established form of sports that the Paris Olympic committee is open to adding eSports to the 2024 games. And no wonder, as there are dozens, if not hundreds of millions of eSports players. Clearly betting on eSports is also on the rise as top bookmakers now offer a range of eSports markets! Continue reading