Online Casino Edition – Casino News News about online casinos and gambling

October 21, 2011

Promotional Offer By Singbingo.com

Filed under: Casino — Tags: , — OCE News @ 12:00 am

The online Bingo gaming website SingBingo.com has launched a great promotional offer for its players and here the players have to propose the name of a lively mascot. The player who wins this promotional offer is entitled to get a top cash award worth 100,000 points. To take part in this promotional offer, all you have to do is to visit the Facebook page of this gaming website and click on the “like” button. This allows you to post your suggestion for the promotion. Twenty suggestions will then be shortlisted and a winner from amongst them selected. The site has popularized its singing mascot and he is popular for his smile but no one knows his name. They think this is the right time to give him a name. The shortlisted suggestions will be posted on the website for all to view.

Rome Casino Launches New Slot Game

Anew online slots game is due to be released by Rome Casino. It is said to have prehistoric age as its background theme. The game titled Cool Stone Age comes with five reels and twenty pay lines that allow players a unique chance to win nearly 10,000 credits. The players can identify easily the graphic images and features, which this game provides in its reels. The game is popular because it caters to all kinds of players and gives them an opportunity to win huge cash amounts. You can win anything from a penny to nearly $100 for a spin. The Cool Stone Age game has been much appreciated because of its stunning visuals, which come with beautiful cartoon sound effects. There are forty winning combinations and many attractive, free spin features, bonuses, wild and scatter symbols. These give players higher chances of winning.

Paddy Power gets new Marketing Director

The Irish online gambling giant Paddy Power recently recruited a new Marketing Director Woolfenden. He replaces Barni Evans who has been shifted to Australia for taking care of the divisions of this company based in this country like Sportsbet and IASBet. Woolfenden has joined this company after serving as Global Brand Director at Barcadi. Profits recorded by Paddy Power for the half year were exceptionally high especially in the mobile and online sectors.

Intralot gift for Italian players

Italian sporting enthusiasts can now use mobile phones to place wagers on different sporting events. It has been made possible, thanks to the Italian subsidiary of the systems developer Intra lot, which is an Athens-based game and transactions processing system. The new Intralot mobile sports book can be accessed through all smartphones and has the greatest levels of security so that players can enjoy a unique gaming experience. This novel service adds another feature to Intralot’s interactive games portfolio and is the part of a constant effort on part of the company to come up with newer products for satisfying customer demands. This platform is very easy and safe to use and the company is confident that it will appeal greatly to Italian players.

October 15, 2011

Milan Convention

Filed under: Casino — Tags: , — OCE News @ 12:00 am

The tenth Annual iGaming Congress took place between September 19th and 22nd at Milan, Italy. The convention held at the Milan Convention Center is expected to be the biggest of its kind in this online gaming industry. The event coincides with the Totally iGaming Week hosting several online gaming tournaments. At this convention, there were online games software providers and gaming website operators, media persons and others interested in this industry as a whole.

This event follows a similar event that was successfully held at Copenhagen, Denmark. Italy was selected to be the next venue because the country is slowly becoming a popular gambling destination and its online gaming market is expanding by the day. Incidentally, Italy is destined to emerge as an industry leader in the online gambling world and is expected to have a strong influence on the growth of other European gambling markets.

Topics like the need to use social media to reach out to audiences, how to better integrate media and sports, how to handle online gambling crimes and so forth were discussed. There were debates on the impact of gambling laws on the industry as well as on the market in Italy in particular. Such debates discussed reasons as to why the appeal of online poker had been gradually diminishing as well as suggested ways to revive it. The convention also discussed the modifications made to European online gambling laws and their overall impact on the gambling industry.

Participating members are expected to hail from gaming giants and gaming software providers like Playtech and Microgaming. This convention not only offered an excellent platform for networking and social interactions amongst the key players in the gaming industry, but also guaranteed a great time full of fun-filled social activities and interesting workshops.

2011 Rugby World Cup

The 2011 Rugby World Cup is all set to be launched in September in New Zealand almost at the same time that InterCasino launches its great casino bonus offer. This offer seeks to commemorate this event. The rugby tournaments are expected to be played over a period of seven weekends. During this period, the Inter Casino also will be offering the Bonus Scrum promotions. The games are expected to end by 23rd October. The quarter finals, semi-finals and finals are scheduled for October. To participate in these stages, players need to qualify in the first four rounds or pools. Each such pool has five member teams and five bonus offers. Winners in the finals have the chance to win some great and exciting rewards. The players are entitled to get 75% bonus on every deposit they make in the finals weekend. The final prize means $500 free. Those who get this free amount are all those players who have qualified in all the four preliminary rounds and have successfully chosen the winning team in the 2011 Rugby World Cup. Players need to put in their bonus codes during this promotion and all such details can be got from the casino website.

October 5, 2011

Full Tilt Poker Site – A “Ponzi Scheme”

Filed under: Casino — Tags: , — OCE News @ 12:00 am

US Attorney Preet Bharara has revealed that instead of players funds being safe and secure, as promised by Full Tilt Poker, their finances were being used for a “massive Ponzi scheme.”

An attorney representing Full Tilt Poker, Jeff Ifrah, stated that it’s unfair that the company be labeled as a Ponzi scheme as opposed to an illegal investment scheme.

“A Ponzi scheme requires an investment vehicle in order to receive a certain rate of high return. None of those things happened here,” he said.

Players cheated

“Full Tilt was not a legitimate poker company, but a global Ponzi scheme. As a result of our enforcement actions, this alleged self-dealing scheme came to light,” stated Bharara. “Not only did the firm orchestrate a massive fraud against the US banking system, Full Tilt also cheated and abused its own players to the tune of hundreds of millions of dollars.”

Bharara alleges that over a four-year period Full Tilt Poker was using money from player’s accounts to pay its owners as well as it board members. This amounted to over $440 million. Instead of covering its players’ accounts, it was taking care of its own interests first.

Bharara explained, “Full Tilt insiders lined their own pockets with funds picked from the pockets of their most loyal customers while blithely lying to both players and the public alike about the safety of the money deposited with the company.”

Finances separate

Yet, the poker company claimed that players’ accounts were separated from the operating accounts. They explained that this was to protect both the players and the business. They assured in emails to the players that their money belonged to them and not Full Tilt Poker.

False claims

Prosecutors found this not to be the case when they looked into the company’s operations. They discovered before the criminal complaint which was filed against the pokers site in April that players were owed $390 million, whereas the owners, executive boards, and celebrity players had been paid $443 million. Howard Lederer and Chris Ferguson alone were paid $42 million and $25 million, respectively. Only $60 million was found remaining in the Full Tilt Poker bank account.

Free gambling

Bharara explained that the massive shortfall developed back in August 2010 when the American Full Tilt website suffered from a network disruption. It was unable to collect money from the players based in America but kept crediting funds instead of letting US players know the situation.

In the end, the poker company credited $130 million to the US players’ online gambling accounts. Bharara explained, “When players gambled with these phantom funds and lost to other players, a massive shortfall developed.”

Back in April Full Tilt Poker was closed by the FBI along with Absolute Poker and PokerStars. This was in an attempt by the government to crack down on illegal online gambling. The sites are being accused of money laundering and bank fraud as well as illegal gambling.

August 9, 2011

New License For Foreign Operators

Filed under: Casino — Tags: , — OCE News @ 12:00 am

After many speculations, the UK announced its new gambling regulations concerning online gambling practiced by foreign casino operators. Hearing the multiple complaints advanced by the casino operators based in the United Kingdom, the Department of Sports, Media and Culture decided that they were being unfairly taxed when compared to their foreign competitors. This had incidentally led many large gambling houses to shift their bases out of the country because of the heavy duties they were being made to pay. In contrast, the companies which had become part of online gambling jurisdictions had to pay far less in tax. In spite of this, they had the freedom to advertise their websites through UK online gaming sites and were collecting revenues from local UK players.

This loss of revenue worried the UK government, and acting on the complaints put forward by the local operators introduced new licensing rules. According to the new regulations, the foreign online casinos could continue to stay and operate from the UK but must acquire a secondary license, this time from UK Gambling Commission. The new rule makes all online operators from foreign shores subject to the same rules as applicable to those based in the UK. In addition, they would have the obligation to report any illegal betting practices to the Gambling Commission in an effort to stop corruption in betting. So, this makes it compulsory for those operators who had shifted to the places like the Isle of Man to obtain their licenses in the UK as well. Although obtaining this license will never be a challenge, this move expects to curtail the advantages such operators were hitherto enjoying compared to their UK counterparts. With this announcement, there are expected to be changes in the new tax structure for online gambling in the United Kingdom and new licensing fees too.

Silver Oak Casino Offers

Those gambling enthusiasts who are fans of blackjack can now enjoy new blackjack bonuses at Silver Oak Casino websites. This means that the higher their deposit amount, the more bonuses they will be entitled to. The first bonus caters to those players who happen to be medium to low rollers and the amount ranges from $50 to $500. Here the players can get a cent percent bonus so that the total bonus amount goes up to 121 percent.

The next type of bonus is for the higher category rollers where deposits are $501 to $1000. These players can enjoy an extra 120 percent match bonus along with the 21 percent promo offer which means that their online blackjack bonus is 141 percent. For those depositing more than $1000, they will get a 140 percent bonus, the special promo offer so that their total bonus is a whopping 161 percent. For becoming eligible for such bonuses, players must have made an earlier deposit at this casino. Moreover, players must bear in mind that similar to other online casinos, there are certain wagering criteria that need to be fulfilled prior to getting this win money.

In blackjack bonuses, this minimum requirement is that the bonus must be wagered through 60 times.

July 25, 2011

Stringent Gambling Laws Imposed By The British Gambling Authorities

Filed under: Casino — Tags: , , — OCE News @ 12:16 pm

Online gambling companies which have legal permits and licenses have always been very successful drawing huge profits in the UK. But the country appears to nurture a stepmotherly attitude where offshore-licensed gambling companies are concerned. A clear indication of this has been the recent order by the country’s gambling authorities to pay taxes if they wished to advertise their online services to British residents.

This decision actually comes in the wake of the departure of many online betting sites from the United Kingdom due to the heavy taxations imposed on them by British authorities. The taxes imposed on such offshore gambling giants have been much higher than those charged by other gambling jurisdictions. A senior source in the government leaked this sensitive information and revealed that the aim of the UK government is not simply to oust these offshore gambling powers from advertising in their country. They also target to stop punters using British credit cards on offshore gaming websites. It is believed that this sensitive information was deliberately disclosed to gauge the popular reactions.

Basically, the reason for this sudden order originated from complaints made by the licensed online gambling sites in the UK. They complained that they were being compelled to pay higher taxes than other rival offshore sites that had freedom to advertise on their sites and attract great numbers of UK players. This automatically was driving away traffic from the licensed UK sites. The UK now possesses a “white list” of acceptable online gambling authorities in which the sites have the permit to advertise in this country.

New Tennis Slots Games by Playtech Company

As summer approaches and flags off one tennis championship after another, Playtech has also launched a unique and exciting tennis slots game to keep up with this spirit. This online slots game with tennis as its theme is likely to draw huge numbers of casino players at all Playtech-powered casinos.

The game involves 40 paylines and five reels with its usual range of scatters, free spins, multipliers, bonus rounds, and wilds. The symbols of this game are naturally all related to the game of tennis. Besides the real-life players, you too are likely to come across tennis balls and racquets, trophies, and sports shoes.

The game can yield a maximum of 10,000 coins which amounts to roughly $500,000. Players must look out for the tennis trophy which when spotted on all three reels triggers free spins and a payout worth ten times the placed wager. The players can enjoy an online casino game where they can even play roles of tennis players for the bonus rounds. You get to select the sex of the player and the type of serve you wish to use. Once the game starts, players will get points on the basis of game scores and the number of aces he manages in the slots bonus rounds. While you can enjoy the Championship Bonus game when you play this slots game, you can also experience the thrills of gambling because of the payout made.

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