British-based 2UP Gaming has announced it has a letter of intent in hand from an Asian investment group for 215 million pounds (about $331 million US) that "will facilitate 2UP's planned entry into the United States Internet Gaming market by providing it the means to build or acquire a hotel/casino in Atlantic City, New Jersey."
Read More . . .Only four days after its planned purchase of rival Ameristar Casinos Incorporated was approved by officials in Louisiana, land-based casino operator Pinnacle Entertainment Incorporated has announced that the Missouri Gaming Commission has now unanimously approved the proposed deal.
Read More . . .The New Hampshire Legislature recently adopted a budget for the state for the coming two years. It was a good, solid budget and serves as a beginning of a restoration of government after the dismantling that took place over the past two years.
Read More . . .The DOJ officially has another conviction in related to illegal online gambling. Anthony Boscarino of Arizona was sentenced to 11 years in prison following a guilty plea to fraud, money laundering, and tax evasion connected to running an online sports betting site.
Read More . . .With mobile gaming becoming a major player as smartphones transform into tablets and online gambling experiencing a resurgence with legislature in states like New Jersey, location verification services may be positioned for a big play.
Read More . . .Even though it has been well over two years since the indictments of "Black Friday" and almost two years since the shutdown of the site
Read More . . .The Bodog Poker Network has been attempting to create a new recreational model for poker players on the internet and has battled a public campaign against poker tracking and poker volume tracking sites.
Read More . . .The Senate Commerce Committee says online gambling opens the door to illegal money laundering, terrorism, and puts gambling in easy reach of gambling addicts.
Read More . . .Cyber-attacks, cyber-security and cyber-spying have a very public profile at the moment. Both the American and British governments are battling hacking attempts on businesses.
Read More . . .The NFL, NBA, MLB, and NHL – along with the NCAA – are in the midst of a lawsuit that seeks to maintain the status quo that prevents betting on sports in 46 states, with New Jersey battling to topple a 21-year-old federal law.
Read More . . .Financial services firm Cantor Fitzgerald is accused of sneaking technology out of a subsidiary to beef up its Nevada gaming business, depriving an investor in the subsidiary the chance to benefit from that technology.
Read More . . .Beleaguered online poker operator Absolute Poker has finally reached an agreement with the United States Department of Justice that will see it avoid prosecution under the 'Black Friday' action of 2011 in exchange for agreeing to forfeit all of its assets.
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