500.com Strives for Profitiability with Social Gaming Acquisition

500.com is hoping that its recent acquisition of a Chinese social poker site will help quell investor worries by bringing the company some much-needed positive revenue. It’s a big move that could be a life changer for the struggling sports lottery giant. Company officials announced the acquisition of a 51 …

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Chinese Government Outraged Over Philippines Gambling Crackdown

Early this week, the Chinese government expressed its concern over the Philippine government’s detention of 1,200 Chinese nationals as part of its ongoing crackdown on online gambling. The detention could cause a serious strain in Duterte’s efforts to improve relations with his country’s massive neighbor. The international incident began last …

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Ex-PokerStars Employee Dodges Prison Time

Paul Tate avoided a date with a US prison cell after turning himself in to US authorities for his role as the payments director at PokerStars during the Black Friday-era. Tate stood in front of US District Judge Lewis Kaplan in a Manhattan court room on Monday to face the …

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Hackers Post Stolen Casino Rama Data

The cyber criminals responsible for hacking into the Casino Rama, a tribal casino in Ontario, Canada, have upped the stakes in their game by posting reams of personal data from their big haul. Casino Rama, which is run by the Rama Band, was initially hit by the hackers late last …

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Brazilian Senate Readies Dec. 7 Vote on Gambling Bill

The Brazilian Senate will be voting on a long-debated gambling bill on December 7. If approved, the bill would open a massive, new regulated gaming market in South America’s most populous country. The sweeping legislative package establishes regulations, licensing schemes, and tax structures for both land-based and internet gambling across …

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PokerStars CFO Hints at Pullout from Austrlian Market

PokerStars could be pulling out of the lucrative Australian gambling market as soon as this week if a new bill cracking down on grey market operators passes into law. The proposed measure, an amendment to the Interactive Gambling Act of 2011 (IGA), would close loopholes that allowed PokerStars, and other …

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DraftKings and FanDuel Ready to Merge

DraftKings and FanDuel, the two biggest names in daily fantasy sports (DFS) have agreed to merge their business operations. If approved, the deal would create a DFS behemoth that controls a full 80 percent of the US market. The deal, which was announced late last week, is a desperate bid …

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PokerStars Unveils Expected VIP Club Changes for 2017

PokerStars began unveiling new policies for its VIP Club that are set to be implemented in 2107. The massive changes are part of a larger effort to attract more recreational players to the PokerStars ecosystem without alienating their highest rollers. It’s a delicate balancing act and, so far, those VIPS …

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AGA Jumps in New Jersey Sports Betting Case

The American Gaming Association (AGA), along with five US states, have joined the State of New Jersey’s fight to legalize sports betting in the United States. It’s just the latest twist in an ongoing legal saga that’s taken on new dimension since the shock election of US leader Donald Trump. …

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