Category: gambling

The gambling cruise ship, Palm Beach Princess, may be headed on a journey that differs greatly from its regularly beaten path. The ship may be headed to Haiti to provide aid and shelter to the relief workers that are currently working on the disaster-ridden island nation.

CBS News: Gambling Ship Headed to Haiti

Our area’s gambling cruise ship may be headed to Haiti. The Palm Beach Princess is now sitting at its berth at the Port of Palm Beach in Riviera Beach. The ship’s website indicates that cruises are suspended until further notice.

Port Director, Manny Almira, said the company that owns the Princess, has told him it will move the ship to Haiti in the next week in order to provide housing for aid workers there. The Princess has been having engine problems and labor troubles, recently. The company is bankrupt and regulators have given the Princess until fall to make major safety improvements to the ship.

Ocean Development decided to halt operations due to expenses. They are in negotiations to charter the boat as a recreational floating hotel to entertain relief workers in Haiti. The company hopes to resume a gambling cruise with a different boat in the future.

ABC News: Palm Beach Princess Headed to Haiti?

The Palm Beach Princess may be headed to Haiti. WPBF 25 News was informed that the day-cruise casino ship is ending its run at the Port of Palm Beach to entertain Americans in Haiti. The crew has been given the option to go to Haiti or quit.

The Princess’s officials told say they’re looking into sending the ship elsewhere “so that government workers in Haiti — U.S. volunteers — may have a place to sleep, have a hot meal, rest.”

In December, the ship’s certificate of compliance was revoked and it could no longer carry passengers in US waters after it failed to make repairs to its main engine, which failed during a trip. It has been operating with two auxiliary motors since.

The Palm Beach Post: Port-au-Princess? — Casino ship may become Haiti relief hotel

Captains of the Palm Beach Princess casino ship made a dramatic announcement to the crew Wednesday morning: We’re going to Haiti. They plan to go to the earthquake-ravaged nation next week to assist the international relief effort, most likely as a floating hotel for aid workers.

Foreign crew members may serve out their employment contracts in Haiti — one-year agreements that pay, at most, a few hundred dollars a month, plus tips — or pay their own way back home. “They are looking for the crew to resign, and if the crew resigns, it doesn’t pay the ticket — this is what they are looking to do,” said Mauro Sebben, the disgruntled co-owner of the ship.

The Princess has sailed only intermittently since the main engine died in September. Since then, it’s been dogged by crew strikes, layoffs and complaints of poor service. One of the boats co-owners intends on parking the ship in Haiti and providing shelter while at the same time freeing itself from having to pay for tugboats on a daily basis.

Princess managers have offered few details about their Haiti plans and what commitments they might have obtained there, other than to say in an interview last week that they were exploring a deal with a government and a humanitarian relief fund, neither of which they would name, to offer lodging for relief workers.

The gambling cruise ship, Palm Beach Princess, may be headed on a journey that differs greatly from its regularly beaten path. The ship may be headed to Haiti to provide aid and shelter to the relief workers that are currently working on the disaster-ridden island nation.

CBS News: Gambling Ship Headed to Haiti

Our area’s gambling cruise ship may be headed to Haiti. The Palm Beach Princess is now sitting at its berth at the Port of Palm Beach in Riviera Beach. The ship’s website indicates that cruises are suspended until further notice.

Port Director, Manny Almira, said the company that owns the Princess, has told him it will move the ship to Haiti in the next week in order to provide housing for aid workers there. The Princess has been having engine problems and labor troubles, recently. The company is bankrupt and regulators have given the Princess until fall to make major safety improvements to the ship.

Ocean Development decided to halt operations due to expenses. They are in negotiations to charter the boat as a recreational floating hotel to entertain relief workers in Haiti. The company hopes to resume a gambling cruise with a different boat in the future.

ABC News: Palm Beach Princess Headed to Haiti?

The Palm Beach Princess may be headed to Haiti. WPBF 25 News was informed that the day-cruise casino ship is ending its run at the Port of Palm Beach to entertain Americans in Haiti. The crew has been given the option to go to Haiti or quit.

The Princess’s officials told say they’re looking into sending the ship elsewhere “so that government workers in Haiti — U.S. volunteers — may have a place to sleep, have a hot meal, rest.”

In December, the ship’s certificate of compliance was revoked and it could no longer carry passengers in US waters after it failed to make repairs to its main engine, which failed during a trip. It has been operating with two auxiliary motors since.

The Palm Beach Post: Port-au-Princess? — Casino ship may become Haiti relief hotel

Captains of the Palm Beach Princess casino ship made a dramatic announcement to the crew Wednesday morning: We’re going to Haiti. They plan to go to the earthquake-ravaged nation next week to assist the international relief effort, most likely as a floating hotel for aid workers.

Foreign crew members may serve out their employment contracts in Haiti — one-year agreements that pay, at most, a few hundred dollars a month, plus tips — or pay their own way back home. “They are looking for the crew to resign, and if the crew resigns, it doesn’t pay the ticket — this is what they are looking to do,” said Mauro Sebben, the disgruntled co-owner of the ship.

The Princess has sailed only intermittently since the main engine died in September. Since then, it’s been dogged by crew strikes, layoffs and complaints of poor service. One of the boats co-owners intends on parking the ship in Haiti and providing shelter while at the same time freeing itself from having to pay for tugboats on a daily basis.

Princess managers have offered few details about their Haiti plans and what commitments they might have obtained there, other than to say in an interview last week that they were exploring a deal with a government and a humanitarian relief fund, neither of which they would name, to offer lodging for relief workers.

A group of cyber hackers calling themselves simply Anonymous launched a massive denial-of-service attack on two major Australian government websites yesterday. The attacks were in response to an announcement from December in which the government revealed plans to filter the internet, blocking sites related to pornography, online gambling, and other “unwanted” content.

PC World: Australian Parliament Web Site Attacked

The website of the Australian Parliament site was struck with a denial-of-service attack on Wednesday, two days after a hacking group called Anonymous threatened attacks in response to the government’s plan to filter the internet.

During yesterday’s attack, the Web site was hit by 7.5 million requests per second. By noon, the Parliament’s Web site was down.

The hacking group Anonymous put out a press release on Monday, complaining about plans announced back in December by Australian Telecommunications Minister Stephen Conroy which would reqire ISPs to block illegal and “unwanted” content, including online gambling and pornography.

“The Australian Government will learn that one does not mess with our porn,” Anonymous said in its press release. “No one messes with our access to perfectly legal (or illegal) content for any reason.”

“No government should have the right to refuse its citizens access to information solely because they perceive it to be ‘unwanted,'” the group continued. “Indeed, the only possible interpretation of ‘unwanted content’ is content that the government itself does not want to be seen.”

BBC News: Australia websites hacked in porn filter protest

A group of computer hackers attacked official websites in Australia yesterday in a protest against the government’s proposed internet filter targeting pornography and online gambling sites.

The Australian parliament’s website was down for almost an hour after being disrupted a group calling itself Anonymous. The hackers did not infiltrate government security, but instead swamped government computer servers.

A statement attributed to the group said they believe that the Australian government should not be allowed to control what its citizens view on the internet.

The government intends to introduce the mandatory internet filter system by early 2011. The filter block a list of banned websites, including those containing child abuse material.

Alastair MacGibbon, formerly of the government’s High-Tech Crime Centre, said that internet hackers like these are difficult to combat, but he said that compared to most Western nations, Australia was “well prepared” for the attack.

International Business Times: Anonymous group protests against Australian Government filter

In response the Australian Government’s proposed internet filtering project, a group under the name Anonymous attacked two major government websites yesterday.

Both the Australian Parliament House website and Department of Broadband, Communications and the Digital Economy website were hit by the attacks. The websites became sluggish and stopped responding under the pressure.

According to the Attorney-General’s office, Anonymous used a distributed denial-of-service attack. The Australian Parliament House website was down for about 50 minutes. It is now fixed but is still acting sluggish.

The Department of Defence Cyber Security Operations Centre continues to monitor the situation closely.

A group of cyber hackers calling themselves simply Anonymous launched a massive denial-of-service attack on two major Australian government websites yesterday. The attacks were in response to an announcement from December in which the government revealed plans to filter the internet, blocking sites related to pornography, online gambling, and other “unwanted” content.

PC World: Australian Parliament Web Site Attacked

The website of the Australian Parliament site was struck with a denial-of-service attack on Wednesday, two days after a hacking group called Anonymous threatened attacks in response to the government’s plan to filter the internet.

During yesterday’s attack, the Web site was hit by 7.5 million requests per second. By noon, the Parliament’s Web site was down.

The hacking group Anonymous put out a press release on Monday, complaining about plans announced back in December by Australian Telecommunications Minister Stephen Conroy which would reqire ISPs to block illegal and “unwanted” content, including online gambling and pornography.

“The Australian Government will learn that one does not mess with our porn,” Anonymous said in its press release. “No one messes with our access to perfectly legal (or illegal) content for any reason.”

“No government should have the right to refuse its citizens access to information solely because they perceive it to be ‘unwanted,'” the group continued. “Indeed, the only possible interpretation of ‘unwanted content’ is content that the government itself does not want to be seen.”

BBC News: Australia websites hacked in porn filter protest

A group of computer hackers attacked official websites in Australia yesterday in a protest against the government’s proposed internet filter targeting pornography and online gambling sites.

The Australian parliament’s website was down for almost an hour after being disrupted a group calling itself Anonymous. The hackers did not infiltrate government security, but instead swamped government computer servers.

A statement attributed to the group said they believe that the Australian government should not be allowed to control what its citizens view on the internet.

The government intends to introduce the mandatory internet filter system by early 2011. The filter block a list of banned websites, including those containing child abuse material.

Alastair MacGibbon, formerly of the government’s High-Tech Crime Centre, said that internet hackers like these are difficult to combat, but he said that compared to most Western nations, Australia was “well prepared” for the attack.

International Business Times: Anonymous group protests against Australian Government filter

In response the Australian Government’s proposed internet filtering project, a group under the name Anonymous attacked two major government websites yesterday.

Both the Australian Parliament House website and Department of Broadband, Communications and the Digital Economy website were hit by the attacks. The websites became sluggish and stopped responding under the pressure.

According to the Attorney-General’s office, Anonymous used a distributed denial-of-service attack. The Australian Parliament House website was down for about 50 minutes. It is now fixed but is still acting sluggish.

The Department of Defence Cyber Security Operations Centre continues to monitor the situation closely.

China is planning a major crack-down on all the most relevant online gambling sites that are used by the nation’s nationals. This hunt will not involve just the online casinos and other gambling facilities, but the banks and websites that support the industry as well.

Reuters: China Plans Online Gambling Crackdown

According to a post on the Ministry of Public Security’s website, China plans to crack down on the online gambling industry and the banks and websites supporting it. The hunt will “concentrate on covering major cases of online gambling, and knock out domestic and foreign groups that organize online gambling, and severely punish the criminal elements.”

The crackdown will be carried out between February and August by 8 government bodies including the Supreme Court, Propaganda bureau, the Central Bank and the Ministry of Industry and Information Technology. Underground banks, third-party payment platforms, and website operators will be severely punished.

China banned YouTube in March 2009, when a Tibetan exile film documenting the injuries and death of a Tibetan protester was published. The government blocked Twitter, Flickr and Facebook last summer.

Global Times: Net gambling crackdown a boost for lotteries

A major crackdown on online gambling is being planned by China’s Ministry of Public Security. The 8-governmental department joint campaign will run from February to August and “focus on major and severe online gambling cases and severely punish the criminals.”

Online gambling is a crime thriving through internet development. It’s caused huge sums of money to flow from China, disturbing the nation’s social and economic order. Gambling is forbidden on the mainland and those charged with gambling crimes face up to three-years in jail, according to the criminal law.

Some people believe the crackdown will help boost the welfare lottery and sports lottery, run by the Ministry of Civil Affairs and the General Administration of Sport respectively.

APF: China to crackdown on online gambling

China will launch a 6-month crackdown on online gambling, saying the country loses copious amounts of cash through the growing industry. Gambling has been outlawed in China since 1949, but that hasn’t stopped a thriving underground industry.

Authorities will clamp down on banks and third-party payment platforms which provide cash transfer services for gambling sites, as well as Internet operators that provide web access services. China has the world’s largest online population with at least 384 million users, according to official figures.

According to official figures, 5,394 people were arrested under a nationwide Internet porn crackdown last year, and 9,000 illegal porn-related sites were shut down.

China is planning a major crack-down on all the most relevant online gambling sites that are used by the nation’s nationals. This hunt will not involve just the online casinos and other gambling facilities, but the banks and websites that support the industry as well.

Reuters: China Plans Online Gambling Crackdown

According to a post on the Ministry of Public Security’s website, China plans to crack down on the online gambling industry and the banks and websites supporting it. The hunt will “concentrate on covering major cases of online gambling, and knock out domestic and foreign groups that organize online gambling, and severely punish the criminal elements.”

The crackdown will be carried out between February and August by 8 government bodies including the Supreme Court, Propaganda bureau, the Central Bank and the Ministry of Industry and Information Technology. Underground banks, third-party payment platforms, and website operators will be severely punished.

China banned YouTube in March 2009, when a Tibetan exile film documenting the injuries and death of a Tibetan protester was published. The government blocked Twitter, Flickr and Facebook last summer.

Global Times: Net gambling crackdown a boost for lotteries

A major crackdown on online gambling is being planned by China’s Ministry of Public Security. The 8-governmental department joint campaign will run from February to August and “focus on major and severe online gambling cases and severely punish the criminals.”

Online gambling is a crime thriving through internet development. It’s caused huge sums of money to flow from China, disturbing the nation’s social and economic order. Gambling is forbidden on the mainland and those charged with gambling crimes face up to three-years in jail, according to the criminal law.

Some people believe the crackdown will help boost the welfare lottery and sports lottery, run by the Ministry of Civil Affairs and the General Administration of Sport respectively.

APF: China to crackdown on online gambling

China will launch a 6-month crackdown on online gambling, saying the country loses copious amounts of cash through the growing industry. Gambling has been outlawed in China since 1949, but that hasn’t stopped a thriving underground industry.

Authorities will clamp down on banks and third-party payment platforms which provide cash transfer services for gambling sites, as well as Internet operators that provide web access services. China has the world’s largest online population with at least 384 million users, according to official figures.

According to official figures, 5,394 people were arrested under a nationwide Internet porn crackdown last year, and 9,000 illegal porn-related sites were shut down.

A recent study examined the behavior of two women who, because of a rare genetic disorder, had lesions on a small part of their brain called the amygdala. The study showed that these women were more likely to take big risks than patients with healthy brains. It may provide insight into why some people are less afraid to gamble than others.

BBC: Patients with amygdala injury ‘unafraid’ to gamble

Some scientists in California believe they have pinpointed the part of the human brain makes people afraid to lose money. A study published in the Proceedings of the National Academy of Sciences examined two patients who had damaged their amygdala, a special area deep within the brain.

The study showed that these patients were less worried about financial losses than the volunteers they were compared with whose amygdalae were intact. They use the term ‘loss aversion’ which describes the avoidance of choices which can lead to losses, even when those losses are clearly accompanied by gains which offset them.

The lead author, Dr Benedetto De Martino, explains things in terms of the game show Who Wants to Be a Millionaire, suggesting that many people would rather walk away with the prize they have than risk dropping to a lower level in order to try and win more.

During the study, participants were offered a series of tests to look at whether the chance of losing money had an effect on their willingness to take risks. The study found that healthy volunteers only decide to gamble if the gains were one and a half to two times the size of the potential losses.

Conversely, patients whose amygdalae were damaged were more reckless, playing even on poorer ratios between gains and losses.

John Aggleton, Professor of Psychology at Cardiff University, said: “Most people have been found to have a bias against losses, but this study shows very clearly that when the amygdala is damaged, this “loss aversion” disappears.”

The Independent: Genetic disorder turns risk-averse into gamblers

The brains of people who take big risks while gambling may differently than those of naturally cautious people, according to a new study that may have discovered a neurological basis for reckless behaviour.

The study found that people were more likely to engage in high-risk gambling when a specific area of their brain had been damaged due to a result of a rare genetic disorder. These individuals lacked the natural aversion to losing something of value that many are born with.

Tests on two women who had suffered damage this part of their brain, called the amygdala, revealed that they were less afraid to lose money in high-risk gambling situations compared to individuals with no such damage to their brain.

The amygdala is a small almond-shaped structure deep inside the brain. It is referred to as the “seat of fear” because of its central role in controlling this emotion. It is an ancient area of the brain that existed long before the outer “higher cortex” evolved.

“It may be that the amygdala controls a very general biological mechanism for inhibiting risky behaviour when outcomes are potentially negative, such as the monetary loss aversion which shapes our everyday financial decisions,” said Benedetto De Martino, a researcher at University College London.

Loss aversion behaviour is biologically important because it helps us consider the options involved in potentially life-threatening decisions. Today, it manifests itself in much different ways.

Reuters: Study shows why it is so scary to lose money

A recent study examined two women with brain lesions that made them unafraid to take big risks when gambling. It showed that the amygdala, the brain’s fear center, becomes active when people think about losing money.

The findings of the study were reported in the Proceedings of the National Academy of Sciences. The report suggests that humans may have evolved to be cautious about the possibility of losing food or other valued possessions.

Benedetto De Martinoa of the California Institute of Technology in Pasadena and University College of London were exploring why people will turn down big gambles, even when the gamble is likely to lead to an even bigger gain.

“Laboratory and field evidence suggests that people often avoid risks with losses even when they might earn a substantially larger gain, a behavioral preference termed ‘loss aversion’,” they wrote.

“We think this shows that the amygdala is critical for triggering a sense of caution toward making gambles in which you might lose,” Colin Camerera of University College London, who worked in the study, said in a statement.

The study may assist researchers in understanding why some people are more willing to take risks than others.

A recent study examined the behavior of two women who, because of a rare genetic disorder, had lesions on a small part of their brain called the amygdala. The study showed that these women were more likely to take big risks than patients with healthy brains. It may provide insight into why some people are less afraid to gamble than others.

BBC: Patients with amygdala injury ‘unafraid’ to gamble

Some scientists in California believe they have pinpointed the part of the human brain makes people afraid to lose money. A study published in the Proceedings of the National Academy of Sciences examined two patients who had damaged their amygdala, a special area deep within the brain.

The study showed that these patients were less worried about financial losses than the volunteers they were compared with whose amygdalae were intact. They use the term ‘loss aversion’ which describes the avoidance of choices which can lead to losses, even when those losses are clearly accompanied by gains which offset them.

The lead author, Dr Benedetto De Martino, explains things in terms of the game show Who Wants to Be a Millionaire, suggesting that many people would rather walk away with the prize they have than risk dropping to a lower level in order to try and win more.

During the study, participants were offered a series of tests to look at whether the chance of losing money had an effect on their willingness to take risks. The study found that healthy volunteers only decide to gamble if the gains were one and a half to two times the size of the potential losses.

Conversely, patients whose amygdalae were damaged were more reckless, playing even on poorer ratios between gains and losses.

John Aggleton, Professor of Psychology at Cardiff University, said: “Most people have been found to have a bias against losses, but this study shows very clearly that when the amygdala is damaged, this “loss aversion” disappears.”

The Independent: Genetic disorder turns risk-averse into gamblers

The brains of people who take big risks while gambling may differently than those of naturally cautious people, according to a new study that may have discovered a neurological basis for reckless behaviour.

The study found that people were more likely to engage in high-risk gambling when a specific area of their brain had been damaged due to a result of a rare genetic disorder. These individuals lacked the natural aversion to losing something of value that many are born with.

Tests on two women who had suffered damage this part of their brain, called the amygdala, revealed that they were less afraid to lose money in high-risk gambling situations compared to individuals with no such damage to their brain.

The amygdala is a small almond-shaped structure deep inside the brain. It is referred to as the “seat of fear” because of its central role in controlling this emotion. It is an ancient area of the brain that existed long before the outer “higher cortex” evolved.

“It may be that the amygdala controls a very general biological mechanism for inhibiting risky behaviour when outcomes are potentially negative, such as the monetary loss aversion which shapes our everyday financial decisions,” said Benedetto De Martino, a researcher at University College London.

Loss aversion behaviour is biologically important because it helps us consider the options involved in potentially life-threatening decisions. Today, it manifests itself in much different ways.

Reuters: Study shows why it is so scary to lose money

A recent study examined two women with brain lesions that made them unafraid to take big risks when gambling. It showed that the amygdala, the brain’s fear center, becomes active when people think about losing money.

The findings of the study were reported in the Proceedings of the National Academy of Sciences. The report suggests that humans may have evolved to be cautious about the possibility of losing food or other valued possessions.

Benedetto De Martinoa of the California Institute of Technology in Pasadena and University College of London were exploring why people will turn down big gambles, even when the gamble is likely to lead to an even bigger gain.

“Laboratory and field evidence suggests that people often avoid risks with losses even when they might earn a substantially larger gain, a behavioral preference termed ‘loss aversion’,” they wrote.

“We think this shows that the amygdala is critical for triggering a sense of caution toward making gambles in which you might lose,” Colin Camerera of University College London, who worked in the study, said in a statement.

The study may assist researchers in understanding why some people are more willing to take risks than others.

Loto-Québec, a state company that holds a monopoly over all legal gambling in the Canadian province, just got approval from the cabinet to offer online poker and sports betting services starting this fall. Local players already gamble online at foreign-based websites, and Loto-Québec hopes their new services will funnel some of the money spent back into the community.

The Montreal Gazette: Loto-Québec goes online

Loto-Québec is stepping into the lucrative industry of internet gambling with a plan to provide online poker and sports betting Quebecers at a new site that should go live before the end of the year.

The plan was just approved by Quebec cabinet, which sees this as a tool by which they can “cannibalize illegal gambling” sites in Canada. A new electronic platform will be created for Loto-Québec, B.C. Lottery Corp. and Atlantic Lottery Corp., which covers the four Atlantic Provinces.

Betting limits will be emplaced, especially in the poker part of the site. These limits will have to be high, however, if Quebec and its new poker partners hope to compete with existing online poker operations. But even with high limits, the new partnership is not guaranteed to lure players away from existing foreign-hosted sites

“I question whether there will be sufficient liquidity (number of players) to make the site popular and therefore profitable,” says Michael Lipton, a Toronto lawyer specializing in gaming law.

“The operators out there are miles ahead of these new entrants in terms of the number of games they offer and the liquidity. Some sites may have 20 or 30 million players … and poker games going on 24 hours a day,” he said.

The new site will only be accessible to Quebec residents who are physically within the province. Age verification will be carried out by a third party, using a complex process that could take days to complete. In extreme cases, the player may be required to show up in person.

CBC News: Loto-Québec to offer online gambling

Quebec’s state lottery corporation will launch its first online gambling site in September. It is a move that Loto-Québec hopes will millions of dollars to its annual revenue by 2013.

After Loto-Québec joins the online gambling world with poker and sports betting offerings, they stand to earn $50 million for the province over the next three years.

Critics are of course concerned about the idea of offering online gambling because of the effect it might have on gambling addicts.

“By increasing the offer, we increase the number of players,” said Dr. Richard Lessard, the director of Montreal Public Health. “And as we increase the number of players, the number of players with gambling problems will increase as well.”

Loto-Québec argues that nothing will change, since Quebeckers already have access to more than 2,000 online gambling sites that are “illegal, unregulated and often of doubtful integrity.”

Loto-Québec president and CEO Alain Cousineau says,”This is a way for us to channel the gaming offering in a controlled circuit and environment whose integrity will be beyond reproach,” Cousineau said.

The new gambling site will require players to verify their age, limit their weekly deposits, and allow players to “self-exclude at all times,” Cousineau added.

Loto-Québec is already working with its counterparts in British Columbia and Atlantic Canada to develop the site. The three entities hope to share a common gaming platform that will allow players to enjoy online poker across provincial borders.

CTV News Montreal: Loto-Quebec to get into online gambling business

Loto-Quebec just received approval from the Province’s government to offer online gambling services.

The provincial gambling monopoly will work together with the British Columbia and Atlantic Lottery Corporations to set up an online gambling site this fall.

Online gambling across Canada currently generates more than $600 million every year, but most of this money is fed to foreign-based gambling companies.

It is estimated that Quebecers currently have access to more than 2,000 unregulated online gaming sites, including many that are hosted from the Kahnawake Mohawk reserve.

Loto-Quebec president and CEO Alain Cousineau says his agency has been trying for years to fight foreign online gambling sites, but has instead decided to compete with them.

The Loto-Quebec site will be based on the Swedish national lottery model. “In the first four hours when the Swedish poker got online, they got 20 per cent of the market,” said Cousineau.

Loto-Québec, a state company that holds a monopoly over all legal gambling in the Canadian province, just got approval from the cabinet to offer online poker and sports betting services starting this fall. Local players already gamble online at foreign-based websites, and Loto-Québec hopes their new services will funnel some of the money spent back into the community.

The Montreal Gazette: Loto-Québec goes online

Loto-Québec is stepping into the lucrative industry of internet gambling with a plan to provide online poker and sports betting Quebecers at a new site that should go live before the end of the year.

The plan was just approved by Quebec cabinet, which sees this as a tool by which they can “cannibalize illegal gambling” sites in Canada. A new electronic platform will be created for Loto-Québec, B.C. Lottery Corp. and Atlantic Lottery Corp., which covers the four Atlantic Provinces.

Betting limits will be emplaced, especially in the poker part of the site. These limits will have to be high, however, if Quebec and its new poker partners hope to compete with existing online poker operations. But even with high limits, the new partnership is not guaranteed to lure players away from existing foreign-hosted sites

“I question whether there will be sufficient liquidity (number of players) to make the site popular and therefore profitable,” says Michael Lipton, a Toronto lawyer specializing in gaming law.

“The operators out there are miles ahead of these new entrants in terms of the number of games they offer and the liquidity. Some sites may have 20 or 30 million players … and poker games going on 24 hours a day,” he said.

The new site will only be accessible to Quebec residents who are physically within the province. Age verification will be carried out by a third party, using a complex process that could take days to complete. In extreme cases, the player may be required to show up in person.

CBC News: Loto-Québec to offer online gambling

Quebec’s state lottery corporation will launch its first online gambling site in September. It is a move that Loto-Québec hopes will millions of dollars to its annual revenue by 2013.

After Loto-Québec joins the online gambling world with poker and sports betting offerings, they stand to earn $50 million for the province over the next three years.

Critics are of course concerned about the idea of offering online gambling because of the effect it might have on gambling addicts.

“By increasing the offer, we increase the number of players,” said Dr. Richard Lessard, the director of Montreal Public Health. “And as we increase the number of players, the number of players with gambling problems will increase as well.”

Loto-Québec argues that nothing will change, since Quebeckers already have access to more than 2,000 online gambling sites that are “illegal, unregulated and often of doubtful integrity.”

Loto-Québec president and CEO Alain Cousineau says,”This is a way for us to channel the gaming offering in a controlled circuit and environment whose integrity will be beyond reproach,” Cousineau said.

The new gambling site will require players to verify their age, limit their weekly deposits, and allow players to “self-exclude at all times,” Cousineau added.

Loto-Québec is already working with its counterparts in British Columbia and Atlantic Canada to develop the site. The three entities hope to share a common gaming platform that will allow players to enjoy online poker across provincial borders.

CTV News Montreal: Loto-Quebec to get into online gambling business

Loto-Quebec just received approval from the Province’s government to offer online gambling services.

The provincial gambling monopoly will work together with the British Columbia and Atlantic Lottery Corporations to set up an online gambling site this fall.

Online gambling across Canada currently generates more than $600 million every year, but most of this money is fed to foreign-based gambling companies.

It is estimated that Quebecers currently have access to more than 2,000 unregulated online gaming sites, including many that are hosted from the Kahnawake Mohawk reserve.

Loto-Quebec president and CEO Alain Cousineau says his agency has been trying for years to fight foreign online gambling sites, but has instead decided to compete with them.

The Loto-Quebec site will be based on the Swedish national lottery model. “In the first four hours when the Swedish poker got online, they got 20 per cent of the market,” said Cousineau.

A new style of lottery tickets has emerged in China. The tickets bear colorful portraits of the ancient philosopher Confucius, along with proverbs form his work The Analects. If the proverbs on a ticket match those drawn by lottery operators, the player wins a cash prize. The new lottery is bringing a lot of criticism by people who find this use of Confucius’ teachings distasteful.

China Daily: Confucius lottery tickets draw ire

Confucius was a Chinese philosopher who encouraged people to seek their fortunes in a noble manner. Ironically, his portrait and words of wisdom can now be found printed on lottery tickets, which are the only form of gambling allowed by the Chinese government.

Last month, lottery vendors in China’s Shandong province started selling these new Confucius tickets which offer a top prize of 300,000 yuan (about $44,000).

The new lottery tickets have enraged bloggers and columnists across the internet who claim that the lottery tickets are tarnishing the image of the wise man who lived more than 2,000 years ago.

Lottery officials are surprised. Tang Nianbing, a manager at Shandong’s lottery center, defended the company against accusations that they are using Confucius to promote sales. “The center is not trying to influence the sale of their lotteries (by using Confucius’ image), ” he said.

“The Confucius-themed lotteries are the country’s most real culture-centered tickets,” wrote Tang in an article that introduced the lottery. “Its cultural content will erect a milestone in the development of our country’s lotteries.”

The Shandong area was home to Confucius about 2,500 years ago. Several different tickets from the Shandong lottery center of are printed with the cultural themes from region.

The Washington Post: Critics question wisdom of Confucius-brand lottery

China’s official lottery is now offering Confucius-themed lottery tickets adorned with colorful drawings of the ancient philosopher. The tickets have promoted discussion over whether the combination of gambling and his teachings is appropriate.

According to the lottery’s website, the Confucius tickets are intended to teach players about ancient Chinese culture, and to help people live a “healthy, wholesome life.” The site also reports that the Ministry of Finance approved the program, which launched last week in Confucius’ hometown of Qufu.

Critics of the program see gambling standing at odds the spirit of Confucius’ teachings. One anonymous critic on a Chinese forum cited a Confucian proverb, “The gentleman sees righteousness, the petty man sees profit.”

This state-run lottery is the only form of gambling allowed in China. A single Confucius-themed ticket costs 10 yuan (about $1.50) and scratching the ticket reveals a quote from “The Analects,” a compilation of the philosopher’s works. The grand prize ticket is worth 300,000 yuan ($44,000) and will read, “Of all rituals, harmony is the most valuable.”

Global Times: Confucius is a brand name in hometown lottery promo

A picture is worth a thousand words in China’s first welfare lottery based on the ancient philosopher Confucius. His picture and words can also be worth 300,000 yuan ($43,936) if they appear on a winning lottery ticket.

A portrait of Confucius along with sayings of the legendary philosopher show up on lottery tickets that went on sale last week in Qufu, the hometown of Confucius, located in East China’s Shandong Province.

Each ticket is printed with proverbs from The Analects, Confucius’ most famous work. If the sayings on a player’s ticket match the ones drawn by the lottery center, the player wins cash.

The top prize lottery ticket, worth 300,000 yuan ($43,936), will read, “Of all rituals, harmony is the most valuable.”

China’s lottery center believes these new tickets can help educate people about the wisdom of Confucius, but many commenters think it is distasteful to use the ancient philosopher’s words and portrait for profit.

Tang Nianbing, who works in the marketing office of the Shandong Welfare Lottery Center, believes the tickets are a valuable teaching tool. “Everyone in China knows Confucius and The Analects, but not everyone can recite three sentences from it,” said Tang. “People who buy lottery tickets will have a chance to remember several sentences from The Analects, which is a win-win situation.”

Not everyone agrees. An internet poll conducted on a popular Chinese website showed that out of 1,869 voters, 52.6 percent disapproved of a Confucius-themed lottery. Only 4.2 percent were undecided.

A new style of lottery tickets has emerged in China. The tickets bear colorful portraits of the ancient philosopher Confucius, along with proverbs form his work The Analects. If the proverbs on a ticket match those drawn by lottery operators, the player wins a cash prize. The new lottery is bringing a lot of criticism by people who find this use of Confucius’ teachings distasteful.

China Daily: Confucius lottery tickets draw ire

Confucius was a Chinese philosopher who encouraged people to seek their fortunes in a noble manner. Ironically, his portrait and words of wisdom can now be found printed on lottery tickets, which are the only form of gambling allowed by the Chinese government.

Last month, lottery vendors in China’s Shandong province started selling these new Confucius tickets which offer a top prize of 300,000 yuan (about $44,000).

The new lottery tickets have enraged bloggers and columnists across the internet who claim that the lottery tickets are tarnishing the image of the wise man who lived more than 2,000 years ago.

Lottery officials are surprised. Tang Nianbing, a manager at Shandong’s lottery center, defended the company against accusations that they are using Confucius to promote sales. “The center is not trying to influence the sale of their lotteries (by using Confucius’ image), ” he said.

“The Confucius-themed lotteries are the country’s most real culture-centered tickets,” wrote Tang in an article that introduced the lottery. “Its cultural content will erect a milestone in the development of our country’s lotteries.”

The Shandong area was home to Confucius about 2,500 years ago. Several different tickets from the Shandong lottery center of are printed with the cultural themes from region.

The Washington Post: Critics question wisdom of Confucius-brand lottery

China’s official lottery is now offering Confucius-themed lottery tickets adorned with colorful drawings of the ancient philosopher. The tickets have promoted discussion over whether the combination of gambling and his teachings is appropriate.

According to the lottery’s website, the Confucius tickets are intended to teach players about ancient Chinese culture, and to help people live a “healthy, wholesome life.” The site also reports that the Ministry of Finance approved the program, which launched last week in Confucius’ hometown of Qufu.

Critics of the program see gambling standing at odds the spirit of Confucius’ teachings. One anonymous critic on a Chinese forum cited a Confucian proverb, “The gentleman sees righteousness, the petty man sees profit.”

This state-run lottery is the only form of gambling allowed in China. A single Confucius-themed ticket costs 10 yuan (about $1.50) and scratching the ticket reveals a quote from “The Analects,” a compilation of the philosopher’s works. The grand prize ticket is worth 300,000 yuan ($44,000) and will read, “Of all rituals, harmony is the most valuable.”

Global Times: Confucius is a brand name in hometown lottery promo

A picture is worth a thousand words in China’s first welfare lottery based on the ancient philosopher Confucius. His picture and words can also be worth 300,000 yuan ($43,936) if they appear on a winning lottery ticket.

A portrait of Confucius along with sayings of the legendary philosopher show up on lottery tickets that went on sale last week in Qufu, the hometown of Confucius, located in East China’s Shandong Province.

Each ticket is printed with proverbs from The Analects, Confucius’ most famous work. If the sayings on a player’s ticket match the ones drawn by the lottery center, the player wins cash.

The top prize lottery ticket, worth 300,000 yuan ($43,936), will read, “Of all rituals, harmony is the most valuable.”

China’s lottery center believes these new tickets can help educate people about the wisdom of Confucius, but many commenters think it is distasteful to use the ancient philosopher’s words and portrait for profit.

Tang Nianbing, who works in the marketing office of the Shandong Welfare Lottery Center, believes the tickets are a valuable teaching tool. “Everyone in China knows Confucius and The Analects, but not everyone can recite three sentences from it,” said Tang. “People who buy lottery tickets will have a chance to remember several sentences from The Analects, which is a win-win situation.”

Not everyone agrees. An internet poll conducted on a popular Chinese website showed that out of 1,869 voters, 52.6 percent disapproved of a Confucius-themed lottery. Only 4.2 percent were undecided.

Four men were caught playing dominoes in Indonesia and sentenced to 6 canings each on behalf of their sins. The first of the 4 men were publicly caned, but the other 3 escaped prison and fled before they were punished.

The Washington Post: Indonesian gambling convicts escape before caning

Three Indonesian men convicted for gambling escaped imprisonment just before a public caning in the Muslim province, Aceh. Muhammad Rusli, the Local Islamic police chief, said the men fled Saturday during an unguarded bathroom visit minutes before being punished.

The men were caught playing dominoes for 1,000 rupiah ($0.10) per game. They were each to be caned six times at a mosque on Friday.

Aceh banned alcohol and gambling as it adopted Islamic law, after achieving semi-autonomy from the secular central government after a decades-long civil war.

The Jakarta Post: One whipped, three escape corporal punishment

With a Sharia police escort, Syahrul bin Muhammad limped to stage. He was about to receive a public caning as punishment in front of a mosque in Jantho city, Aceh Besar regency, on Friday. Syahrul was one of four arrested for gambling and scheduled to be punished.

He was unlucky. The other three suspects escaped the detention cell at the prosecutor’s office, 15 minutes before they were to be caned.

The four were caught gambling in the village one month ago. They were immediately taken to the public order and Sharia police headquarters together with Rp 100,000 (US$11) in cash and a pack of domino cards as evidence. On Thursday, each was sentenced to six lashes of the cane.

Rusli denied allegations that the detention center’s officers were bribed. He blamed the escape on the officers’ negligence, saying the three suspects escaped after making an excuse to use the bathroom. He learned of the escape just before Friday prayers and ordered his men to comb the city, but the search was fruitless. He promised they will be punished if caught.

MSN News: Rights groups slam caning in Indonesia’s Aceh

Islamic Caning in Indonesia’s Aceh province is a “systematic human rights violation” and is against state law, according to a national human rights group. The group, Kontras, calls for the local administration to “annul physical criminalization” and revise its Islamic legal code. Kontras said laws in the semi-autonomous Aceh shouldn’t work against Indonesia’s international treaty obligations.

Activists noted the province’s Sharia regulations were being applied selectively and affected the poor most. They claimed that rich businessman would never be caned for gambling.

The caned farmer was one of four men who were arrested in December after betting up to 1,000 rupiah (11 cents) on dominoes. The others escaped punishment but he received six strokes of the cane outside on Friday.

This issue is another blow to the Sharia police in Aceh after three officers were charged with gang-raping a woman in custody last month.

Four men were caught playing dominoes in Indonesia and sentenced to 6 canings each on behalf of their sins. The first of the 4 men were publicly caned, but the other 3 escaped prison and fled before they were punished.

The Washington Post: Indonesian gambling convicts escape before caning

Three Indonesian men convicted for gambling escaped imprisonment just before a public caning in the Muslim province, Aceh. Muhammad Rusli, the Local Islamic police chief, said the men fled Saturday during an unguarded bathroom visit minutes before being punished.

The men were caught playing dominoes for 1,000 rupiah ($0.10) per game. They were each to be caned six times at a mosque on Friday.

Aceh banned alcohol and gambling as it adopted Islamic law, after achieving semi-autonomy from the secular central government after a decades-long civil war.

The Jakarta Post: One whipped, three escape corporal punishment

With a Sharia police escort, Syahrul bin Muhammad limped to stage. He was about to receive a public caning as punishment in front of a mosque in Jantho city, Aceh Besar regency, on Friday. Syahrul was one of four arrested for gambling and scheduled to be punished.

He was unlucky. The other three suspects escaped the detention cell at the prosecutor’s office, 15 minutes before they were to be caned.

The four were caught gambling in the village one month ago. They were immediately taken to the public order and Sharia police headquarters together with Rp 100,000 (US$11) in cash and a pack of domino cards as evidence. On Thursday, each was sentenced to six lashes of the cane.

Rusli denied allegations that the detention center’s officers were bribed. He blamed the escape on the officers’ negligence, saying the three suspects escaped after making an excuse to use the bathroom. He learned of the escape just before Friday prayers and ordered his men to comb the city, but the search was fruitless. He promised they will be punished if caught.

MSN News: Rights groups slam caning in Indonesia’s Aceh

Islamic Caning in Indonesia’s Aceh province is a “systematic human rights violation” and is against state law, according to a national human rights group. The group, Kontras, calls for the local administration to “annul physical criminalization” and revise its Islamic legal code. Kontras said laws in the semi-autonomous Aceh shouldn’t work against Indonesia’s international treaty obligations.

Activists noted the province’s Sharia regulations were being applied selectively and affected the poor most. They claimed that rich businessman would never be caned for gambling.

The caned farmer was one of four men who were arrested in December after betting up to 1,000 rupiah (11 cents) on dominoes. The others escaped punishment but he received six strokes of the cane outside on Friday.

This issue is another blow to the Sharia police in Aceh after three officers were charged with gang-raping a woman in custody last month.

Rivers Casino in Pittsburgh, Pennsylvania is currently being fined a total of $16,000 by the Pennsylvania Gaming Control Board due to two counts of Underage Gambling violation. A 14 year old girl and 15 year old boy managed to play slots in the casino where state law dictates no one is permitted to play under the age of 21.

MSN Money: Pa. gaming control board fines Rivers Casino

The Pennsylvania Gaming Control Board has levied a $16,000 fine against Rivers Casino in Pittsburgh for underage gambling. The fine is an agreement between the board and Holdings Acquisition Co. LP, the casino operator, regarding 2 incidents in October and December.

A 15-year-old girl was able to play on a slot machine for about 17 minutes before being caught in October, and in December, a 14-year-old boy played slots for about 4 minutes.

Rivers Casino says it “takes this incident very seriously. We join the Pennsylvania Gaming Control Board in this and every effort to prevent underage gaming. That’s why we monitor our floors 24-7 and immediately report any occurrence, such as these, to the state.”

Extensive employee training and security are in place to prevent underage access, along with signs throughout the property. Parents and guardians are reminded that bringing minors onto the gaming floor is not allowed. State law prohibits anyone under 18 from entering the gaming floor of a licensed facility; anyone under 21 is barred from playing.

During the past two years, the Gaming Control Board says, it has levied fines statewide on eight occasions for violations of underage gambling or minors on the gaming floor totaling $232,500.

The Philadelphia Inquirer: Pittsburgh casino fined for 2 teen slots players

State gaming regulators are fining a slot machine casino in Pittsburgh because a 15-year-old girl and a 15-year-old boy were able to gamble for a few minutes each last year. The gaming board says a 15-year-old girl gambled for around 17 minutes on Oct. 15, while a 14-year-old boy played slots for about four minutes on Dec. 13 before he was caught.

The $16,000 fine imposed on the Rivers Casino on Wednesday was part of an agreement between the Pennsylvania Gaming Control Board and Holdings Acquisition Co. L.P., which owns the casino.

State law prohibits anyone under 21 to play slot machines and anyone under 18 from being on the casino floor.

PR Newswire: PA Gaming Control Board Fines Casino for Underage Gambling Violations

A $16,000 fine was levied today by the Commonwealth’s gaming oversight agency on a Pennsylvania casino operator for underage gambling violations. The fine was part of a consent agreement between the Pennsylvania Gaming Control Board and Holdings Acquisition Co. L.P., operator of the Rivers Casino in Pittsburgh. The penalties occurred at Rivers Casino in October and December of 2009.

Under the agreement, the casino must pay a fine of $16,000 for two incidents. The first was on October 14, when a 15-year-old female gained entry to the gaming floor and placed wagers on a slot machine for about 17 minutes. The second instance was on December 13, when a 14-year-old male gained entry to the floor and placed wagers on a slot for nearly 4 minutes.

The Pennsylvania Race Horse Development and Gaming Act dictates that it’s unlawful for persons under 21 to operate or use slot machines and that individuals under 18 may not enter the gaming floor of a licensed facility.

During the past two years, the Gaming Control Board has levied fines statewide on eight occasions for violations of underage gambling or minors on the gaming floor totaling $232,500.

Rivers Casino in Pittsburgh, Pennsylvania is currently being fined a total of $16,000 by the Pennsylvania Gaming Control Board due to two counts of Underage Gambling violation. A 14 year old girl and 15 year old boy managed to play slots in the casino where state law dictates no one is permitted to play under the age of 21.

MSN Money: Pa. gaming control board fines Rivers Casino

The Pennsylvania Gaming Control Board has levied a $16,000 fine against Rivers Casino in Pittsburgh for underage gambling. The fine is an agreement between the board and Holdings Acquisition Co. LP, the casino operator, regarding 2 incidents in October and December.

A 15-year-old girl was able to play on a slot machine for about 17 minutes before being caught in October, and in December, a 14-year-old boy played slots for about 4 minutes.

Rivers Casino says it “takes this incident very seriously. We join the Pennsylvania Gaming Control Board in this and every effort to prevent underage gaming. That’s why we monitor our floors 24-7 and immediately report any occurrence, such as these, to the state.”

Extensive employee training and security are in place to prevent underage access, along with signs throughout the property. Parents and guardians are reminded that bringing minors onto the gaming floor is not allowed. State law prohibits anyone under 18 from entering the gaming floor of a licensed facility; anyone under 21 is barred from playing.

During the past two years, the Gaming Control Board says, it has levied fines statewide on eight occasions for violations of underage gambling or minors on the gaming floor totaling $232,500.

The Philadelphia Inquirer: Pittsburgh casino fined for 2 teen slots players

State gaming regulators are fining a slot machine casino in Pittsburgh because a 15-year-old girl and a 15-year-old boy were able to gamble for a few minutes each last year. The gaming board says a 15-year-old girl gambled for around 17 minutes on Oct. 15, while a 14-year-old boy played slots for about four minutes on Dec. 13 before he was caught.

The $16,000 fine imposed on the Rivers Casino on Wednesday was part of an agreement between the Pennsylvania Gaming Control Board and Holdings Acquisition Co. L.P., which owns the casino.

State law prohibits anyone under 21 to play slot machines and anyone under 18 from being on the casino floor.

PR Newswire: PA Gaming Control Board Fines Casino for Underage Gambling Violations

A $16,000 fine was levied today by the Commonwealth’s gaming oversight agency on a Pennsylvania casino operator for underage gambling violations. The fine was part of a consent agreement between the Pennsylvania Gaming Control Board and Holdings Acquisition Co. L.P., operator of the Rivers Casino in Pittsburgh. The penalties occurred at Rivers Casino in October and December of 2009.

Under the agreement, the casino must pay a fine of $16,000 for two incidents. The first was on October 14, when a 15-year-old female gained entry to the gaming floor and placed wagers on a slot machine for about 17 minutes. The second instance was on December 13, when a 14-year-old male gained entry to the floor and placed wagers on a slot for nearly 4 minutes.

The Pennsylvania Race Horse Development and Gaming Act dictates that it’s unlawful for persons under 21 to operate or use slot machines and that individuals under 18 may not enter the gaming floor of a licensed facility.

During the past two years, the Gaming Control Board has levied fines statewide on eight occasions for violations of underage gambling or minors on the gaming floor totaling $232,500.

UK-based football pools operator Sportech today struck an acquisition deal with Scientific Games Racing (SGR) worth as much as $83 million. SRG is a subsidiary of Scientific Games, which itself recently combined forces with gaming software provider Playtech. This three-way partnership will make the newly-enlarged Sportech one of the world leaders in pari-mutuel betting.

Times Online: Football pools operator gambles on $83m US deal

Sportech, a football pools operator, today sealed an $83 million (£51.4 million) acquisition deal with SGR, a US-based pari-mutuel betting company.

The new deal will allow Sportech to provide technology to the tote-betting operators at half of America’s racetracks, and will give them a direct window into tote betting operations in the state of Connecticut and the Netherlands.

Sportech is buying the business from Scientific Games Corporation for an initial sum of $65 million. Half will be paid in cash and the rest in Sportech shares issued at 50p. In the end, Scientific Games will hold a 19.99 per cent stake in the newly enlarged company.

Gaming software supplier Playtech also just announced a partnership with Scientific Games, and intends subscribe for shares as well. Playtech will emerge with a 9.99% stake in Sportech.

The acquisition comes shortly after Sportech’s entry into the Indian market by means of a joint venture with the country’s biggest gambling group.

Some are suggesting that the presence of both Scientific Games and Playtech together on the share register might spark merger speculation in upcoming years.

Sportstech chief exec Ian Penrose said: “If anything happens in the future, then we’ll deal with it, but at the moment we’ve got our hands full making all of this work.”

Financial Times: Sportech to buy US pool better

Sportech, a football pools and gaming business, just announced that it will soon be giving up close to a purchase one of the main providers of pool betting on horse racing in the US.

Liverpool-based Sportstech is paying $75m in cash and shares deal to acquire Scientific Games Racing (SGR), a division of the New York based gambling services provider Scientific Games.

SGR is the provider of pool betting systems for half all racetracks in North America, and is also the equivalent of the UK’s Tote in the US state of Connecticut and Holland.

The deal involves a $32m cash payment along with the placing of $33m of new shares that will be purchased by Scientific Games, which will come out of the deal holding a 20% stake in the expanded Sportech.

Playtech, an online gambling software provider which last week forged a joint venture deal with Scientific Games, is also contributing £10m. This will give them a stake of just under 10 per cent.

Sportech hopes that through the deal, they will become a major player in pari-mutuel betting across the globe, with the help of the technologies and networks that its new partners provide.

Ian Penrose, chief executive, said: “The transaction leaves us as a leading business in the global pari-mutuel marketplace, with representation in Europe and in North and South America.”

Mor Weizer, chief executive of Playtech, says: “We share many of Sportech’s goals in growing our business in regulated markets.”

Sportech shares dropped 2½p to 54p on Wednesday. Playtech shares fell marginally to 514p.

Reuters: Sportech buys SGR betting unit for up to $83 mln

British gaming company Sportech is to buy US racing and venue management business SGR from Scientific Games Corp for as much as $83 million in cash and shares as part of their drive to become a world leader in pari-mutuel betting.

Sportech will an initial $65 million in cash and shares, followed by $10 million in 2013, and up to $8 million more if SGR meets its targets over the next three years.

Pari-muteul or Pools betting is a sports gambling system where all bets are placed in a pool, and then payout odds are calculated by sharing the money in the pool with all winning bettors.

Piers Pottinger, chairman of Sportech, says: “This is a transformational transaction for Sportech. It catapults the business onto the international stage.”

Internet gaming software company Playtech intends to buy a 9.99 percent stake in the enlarged group, and has already signed a letter of intent to provide gaming products and services to the SGR business.

UK-based football pools operator Sportech today struck an acquisition deal with Scientific Games Racing (SGR) worth as much as $83 million. SRG is a subsidiary of Scientific Games, which itself recently combined forces with gaming software provider Playtech. This three-way partnership will make the newly-enlarged Sportech one of the world leaders in pari-mutuel betting.

Times Online: Football pools operator gambles on $83m US deal

Sportech, a football pools operator, today sealed an $83 million (£51.4 million) acquisition deal with SGR, a US-based pari-mutuel betting company.

The new deal will allow Sportech to provide technology to the tote-betting operators at half of America’s racetracks, and will give them a direct window into tote betting operations in the state of Connecticut and the Netherlands.

Sportech is buying the business from Scientific Games Corporation for an initial sum of $65 million. Half will be paid in cash and the rest in Sportech shares issued at 50p. In the end, Scientific Games will hold a 19.99 per cent stake in the newly enlarged company.

Gaming software supplier Playtech also just announced a partnership with Scientific Games, and intends subscribe for shares as well. Playtech will emerge with a 9.99% stake in Sportech.

The acquisition comes shortly after Sportech’s entry into the Indian market by means of a joint venture with the country’s biggest gambling group.

Some are suggesting that the presence of both Scientific Games and Playtech together on the share register might spark merger speculation in upcoming years.

Sportstech chief exec Ian Penrose said: “If anything happens in the future, then we’ll deal with it, but at the moment we’ve got our hands full making all of this work.”

Financial Times: Sportech to buy US pool better

Sportech, a football pools and gaming business, just announced that it will soon be giving up close to a purchase one of the main providers of pool betting on horse racing in the US.

Liverpool-based Sportstech is paying $75m in cash and shares deal to acquire Scientific Games Racing (SGR), a division of the New York based gambling services provider Scientific Games.

SGR is the provider of pool betting systems for half all racetracks in North America, and is also the equivalent of the UK’s Tote in the US state of Connecticut and Holland.

The deal involves a $32m cash payment along with the placing of $33m of new shares that will be purchased by Scientific Games, which will come out of the deal holding a 20% stake in the expanded Sportech.

Playtech, an online gambling software provider which last week forged a joint venture deal with Scientific Games, is also contributing £10m. This will give them a stake of just under 10 per cent.

Sportech hopes that through the deal, they will become a major player in pari-mutuel betting across the globe, with the help of the technologies and networks that its new partners provide.

Ian Penrose, chief executive, said: “The transaction leaves us as a leading business in the global pari-mutuel marketplace, with representation in Europe and in North and South America.”

Mor Weizer, chief executive of Playtech, says: “We share many of Sportech’s goals in growing our business in regulated markets.”

Sportech shares dropped 2½p to 54p on Wednesday. Playtech shares fell marginally to 514p.

Reuters: Sportech buys SGR betting unit for up to $83 mln

British gaming company Sportech is to buy US racing and venue management business SGR from Scientific Games Corp for as much as $83 million in cash and shares as part of their drive to become a world leader in pari-mutuel betting.

Sportech will an initial $65 million in cash and shares, followed by $10 million in 2013, and up to $8 million more if SGR meets its targets over the next three years.

Pari-muteul or Pools betting is a sports gambling system where all bets are placed in a pool, and then payout odds are calculated by sharing the money in the pool with all winning bettors.

Piers Pottinger, chairman of Sportech, says: “This is a transformational transaction for Sportech. It catapults the business onto the international stage.”

Internet gaming software company Playtech intends to buy a 9.99 percent stake in the enlarged group, and has already signed a letter of intent to provide gaming products and services to the SGR business.

The people of Kentucky came very close to having a say in all gambling expansion issues in the state this week. Unfortunately the law proposal was conquered by the democrats in the state senate. It seems as though horse racing is going to remain the top form of gambling for the time being.

ABC News: Dems Kill Counter-Gambling Proposal in Ky. Senate

Thursday in Kentucky’s Senate, Democrats killed legislation that would have given voters decision making power on all proposals that would expand gambling in the state. The measure received only 21 of the 23 needed votes, all from Republicans. The defeated measure was sponsored by Senate President David Williams, R-Burkesville.

The proposal called for an amendment to the state constitution that would’ve required all gambling issues placement on the ballot for Kentucky voters to accept or reject. The vote came during an election year in which 19 of 38 Senate seats could be up for grabs.

There are currently 2 different measures being processed in the Senate and House that would legalize slots at horse tracks without a voter referendum. Under those proposals, the state would sell gambling licenses and then tax the revenues from slots to generate $780 million over the next 2 years.

The House would use raised revenue on specific initiatives, including a massive school construction program that would create work for thousands of jobless Kentuckians. The Senate’s version would put revenues into the general fund to help stave off budget cuts and potential employee layoffs.

Kentucky’s political leaders have been reluctant to legalize forms of gambling, outside of horseracing.

Thoroughbred Times: Kentucky Senate does not pass Williams’ VLT bill

This year, Republican State Senate President David Williams sponsored a bill that would have taken the issue of gambling expansion out of state lawmakers’ hands by requiring state voters to approve any gambling expansion in Kentucky. The bill fell short of approval on Thursday.

Due to voting along party lines, the bill received a majority of votes at 21-16 but failed to acquire the needed 23 votes to reach the three-fifths standard for a constitutional amendment.

The horseracing industry opposed the bill because it would have added an additional step before tracks could add video lotteries. Kentucky Attorney General Jack Conway ruled that state lawmakers could approve adding video lotteries without voter approval, last year.

A Senate bill proposed this year would place video lotteries at racetracks to raise revenue for horse racing. Money from taxes and fees would be placed in the state’s general fund as opposed to being targeted to any specific area.

WLKY: Democrats Kill Counter-Gambling Proposal In Senate

Democrats in the Kentucky State Senate failed legislation that would have allowed voters to have a say in all state gambling proposals. The measure needed 23 votes to pass but only received 21, all of which were from Republicans.

Sixteen Senate Democrats voted along party lines Thursday and defeated the measure which was sponsored by Republican Senate President David Williams, of Burkesville. The bill would have ruled that all gambling issues be placed on the ballot for Kentucky voters to accept or reject.

Pro-gambling state Sen. David Boswell, a Democrat from Owensboro, said Williams knew the bill had no chance of passage in the senate and sponsored it so that Republican challengers could make an issue of it in upcoming elections.

The people of Kentucky came very close to having a say in all gambling expansion issues in the state this week. Unfortunately the law proposal was conquered by the democrats in the state senate. It seems as though horse racing is going to remain the top form of gambling for the time being.

ABC News: Dems Kill Counter-Gambling Proposal in Ky. Senate

Thursday in Kentucky’s Senate, Democrats killed legislation that would have given voters decision making power on all proposals that would expand gambling in the state. The measure received only 21 of the 23 needed votes, all from Republicans. The defeated measure was sponsored by Senate President David Williams, R-Burkesville.

The proposal called for an amendment to the state constitution that would’ve required all gambling issues placement on the ballot for Kentucky voters to accept or reject. The vote came during an election year in which 19 of 38 Senate seats could be up for grabs.

There are currently 2 different measures being processed in the Senate and House that would legalize slots at horse tracks without a voter referendum. Under those proposals, the state would sell gambling licenses and then tax the revenues from slots to generate $780 million over the next 2 years.

The House would use raised revenue on specific initiatives, including a massive school construction program that would create work for thousands of jobless Kentuckians. The Senate’s version would put revenues into the general fund to help stave off budget cuts and potential employee layoffs.

Kentucky’s political leaders have been reluctant to legalize forms of gambling, outside of horseracing.

Thoroughbred Times: Kentucky Senate does not pass Williams’ VLT bill

This year, Republican State Senate President David Williams sponsored a bill that would have taken the issue of gambling expansion out of state lawmakers’ hands by requiring state voters to approve any gambling expansion in Kentucky. The bill fell short of approval on Thursday.

Due to voting along party lines, the bill received a majority of votes at 21-16 but failed to acquire the needed 23 votes to reach the three-fifths standard for a constitutional amendment.

The horseracing industry opposed the bill because it would have added an additional step before tracks could add video lotteries. Kentucky Attorney General Jack Conway ruled that state lawmakers could approve adding video lotteries without voter approval, last year.

A Senate bill proposed this year would place video lotteries at racetracks to raise revenue for horse racing. Money from taxes and fees would be placed in the state’s general fund as opposed to being targeted to any specific area.

WLKY: Democrats Kill Counter-Gambling Proposal In Senate

Democrats in the Kentucky State Senate failed legislation that would have allowed voters to have a say in all state gambling proposals. The measure needed 23 votes to pass but only received 21, all of which were from Republicans.

Sixteen Senate Democrats voted along party lines Thursday and defeated the measure which was sponsored by Republican Senate President David Williams, of Burkesville. The bill would have ruled that all gambling issues be placed on the ballot for Kentucky voters to accept or reject.

Pro-gambling state Sen. David Boswell, a Democrat from Owensboro, said Williams knew the bill had no chance of passage in the senate and sponsored it so that Republican challengers could make an issue of it in upcoming elections.

Anurag Dikshit, one of India’s richest men and co-founder of online gambling giant PartyGaming, has just sold his remaining share in the company. Dikshit’s history with PartyGaming includes a legal battle with the US Department of Justice in 2008. The sale generated over 100 million pounds, which Dikshit intends to give to his charitable organization.

Financial Times: Dikshit sells remaining stake in PartyGaming

Anurag Dikshit, the co-founder of the online gambling company PartyGaming, has just sold the remainder of his stake in the group that he started in 1997.

In brief statement to the stock exchange, Dikshit’s vehicle Crystal Ventures said that it had sold the remaining 9% stake of about 38.8m shares at a rate of 270p per share. The shares were sold via an accelerated bookbuilt offering available only to institutional investors.

The sale came just days after Partygaming announced it was in preliminary discussions with several other companies in the industry regarding possible consolidation. Among those including in the talks is Bwin, an Austrian-based online gambling group.

In 2006 Dikshit stepped down from the board at Partygaming. Back in October, he sold two-thirds of his stake in the company for £188m, which he then donated to his charitable foundation.

Dikshit paid authorities $300m (£183m) after pleading guilty to an online gambling charge in the US in 2008. Taking this money into account, Dikshit has gained about £540m since PartyGaming floated in June 2005.

Bloomberg: PartyGaming Founder Dikshit Sells Remaining Stake

PartyGaming founder Anurag Dikshit sold his remaining stake in the PartyPoker online gambling site that he helped start in back 1997. After the sale, shares fell as much as 7% in London trading.

Dikshit sold 38.8 million shares for 270 pence per share to institutional investors through an accelerated bookbuild. The sale of the 9.5% holding generated about 105 million pounds.

This liquidation follows Dikshit’s sale of two-thirds of his stake already in October. “This is simply about moving on,” said Shimon Cohen, his spokesman. “It’s been a process over four years since he first withdrew from the board. And that’s now it.”

In December 2008, Dikshit pleaded guilty to involvement in unlawful online gambling operations in the U.S., and agreed to cooperate with the US Justice Department in its probe of his company. He paid $300 million in fines, and is scheduled to be sentenced in December.

“It’s brought its fair share of issues,” Cohen said. “We have the court hearing and sentencing still hanging over us. Anurag voluntarily went to America and pled guilty so that he could move on.”

PartyGaming shares fell as much as 20.5 pence to 273 pence, and traded at 276.4 pence at 9:23 a.m. in London, giving the company a total market value of 1.12 billion pounds ($1.82 billion).

Telegraph: PartyGaming founder Anurag Dikshit severs ties with company after £114m share sale

Indian software expert Anurag Dikshit asked Goldman Sachs to sell his remaining 38.8m shares in the online gambling operator PartyGaming via a bookbuilding exercise. The sale follows a similar move last October when Dikshit sold a £188m holding in the company. PartyGaming shares rose 8 to 293.5p.

Mr Dikshit was responsible for developing PartyGaming’s online gaming software, but he became concerned about the company’s operations being declared illegal in America when laws changed in 2006. The US was once PartyGaming’s biggest market.

In December 2008, under pressure from the US Department of Justice, Dikshit pleaded guilty to breaking US gambling laws and agreed to pay a fine of $300m (£185m). Dikshit may still face a two-year jail.

One of the richest men in India, Dikshit is estimated to have already taken out more than £700m from the company since its float in 2005, though most of it is has been donated to his charitable trust.

Last week, PartyGaming confirmed that it is “continuing to hold discussions with a number of companies in the gaming sector regarding potential consolidation opportunities”, including a possible tie-up with Austrian rival Bwin.

Anurag Dikshit, one of India’s richest men and co-founder of online gambling giant PartyGaming, has just sold his remaining share in the company. Dikshit’s history with PartyGaming includes a legal battle with the US Department of Justice in 2008. The sale generated over 100 million pounds, which Dikshit intends to give to his charitable organization.

Financial Times: Dikshit sells remaining stake in PartyGaming

Anurag Dikshit, the co-founder of the online gambling company PartyGaming, has just sold the remainder of his stake in the group that he started in 1997.

In brief statement to the stock exchange, Dikshit’s vehicle Crystal Ventures said that it had sold the remaining 9% stake of about 38.8m shares at a rate of 270p per share. The shares were sold via an accelerated bookbuilt offering available only to institutional investors.

The sale came just days after Partygaming announced it was in preliminary discussions with several other companies in the industry regarding possible consolidation. Among those including in the talks is Bwin, an Austrian-based online gambling group.

In 2006 Dikshit stepped down from the board at Partygaming. Back in October, he sold two-thirds of his stake in the company for £188m, which he then donated to his charitable foundation.

Dikshit paid authorities $300m (£183m) after pleading guilty to an online gambling charge in the US in 2008. Taking this money into account, Dikshit has gained about £540m since PartyGaming floated in June 2005.

Bloomberg: PartyGaming Founder Dikshit Sells Remaining Stake

PartyGaming founder Anurag Dikshit sold his remaining stake in the PartyPoker online gambling site that he helped start in back 1997. After the sale, shares fell as much as 7% in London trading.

Dikshit sold 38.8 million shares for 270 pence per share to institutional investors through an accelerated bookbuild. The sale of the 9.5% holding generated about 105 million pounds.

This liquidation follows Dikshit’s sale of two-thirds of his stake already in October. “This is simply about moving on,” said Shimon Cohen, his spokesman. “It’s been a process over four years since he first withdrew from the board. And that’s now it.”

In December 2008, Dikshit pleaded guilty to involvement in unlawful online gambling operations in the U.S., and agreed to cooperate with the US Justice Department in its probe of his company. He paid $300 million in fines, and is scheduled to be sentenced in December.

“It’s brought its fair share of issues,” Cohen said. “We have the court hearing and sentencing still hanging over us. Anurag voluntarily went to America and pled guilty so that he could move on.”

PartyGaming shares fell as much as 20.5 pence to 273 pence, and traded at 276.4 pence at 9:23 a.m. in London, giving the company a total market value of 1.12 billion pounds ($1.82 billion).

Telegraph: PartyGaming founder Anurag Dikshit severs ties with company after £114m share sale

Indian software expert Anurag Dikshit asked Goldman Sachs to sell his remaining 38.8m shares in the online gambling operator PartyGaming via a bookbuilding exercise. The sale follows a similar move last October when Dikshit sold a £188m holding in the company. PartyGaming shares rose 8 to 293.5p.

Mr Dikshit was responsible for developing PartyGaming’s online gaming software, but he became concerned about the company’s operations being declared illegal in America when laws changed in 2006. The US was once PartyGaming’s biggest market.

In December 2008, under pressure from the US Department of Justice, Dikshit pleaded guilty to breaking US gambling laws and agreed to pay a fine of $300m (£185m). Dikshit may still face a two-year jail.

One of the richest men in India, Dikshit is estimated to have already taken out more than £700m from the company since its float in 2005, though most of it is has been donated to his charitable trust.

Last week, PartyGaming confirmed that it is “continuing to hold discussions with a number of companies in the gaming sector regarding potential consolidation opportunities”, including a possible tie-up with Austrian rival Bwin.

Joseph LaForte, a 39 year old New Yorker, admitted to the US Disctrict Court last week that in 2005 and 2006 he played a role in an illegal online sports bettingoperation.

LaForte directed players to an internet sportsbook hosted offshore, supplying them with user names and passwords for online sports betting. The website gave LaForte a share of the profits. LaForte now faces a possible prison sentence.New York Man Admits Role in Sports Betting Ring

A man from New York admitted last week that he helped to run an illegal online sports betting website that offered services in several US states, including New Jersey.

Joseph W. LaForte admitted to the crime in U.S. District Court in Trenton last Wednesday.

LaForte, 39, pleaded guilty to conspiracy to operate an illegal online sports betting business. LaForte is already serving time in New York on separate charges, and now faces a sentence of up top five years in prison along with a $250,000 fine. He will be sentenced April 6th.

Online sports betting

LaForte’s admission said that between 2005 and 2006, he and several others helped punters to place wagers through an online sportsbook hosted outside the United States, then shared in the profits from the sports betting business.

NY man admits role in sports betting ring

A man from Staten Island, New York, recently pleaded guilty to setting a former employee’s Mercedes-Benz on fire in 2004 out of revenge.

James LaForte Jr., 32, also admitted last Wednesday to offering high-interest loans, then using threats and violence to collect on them. Loan sharking carries a maximum sentence of 20 years in prison and a $250,000 fine.

Additionally, LaForte’s brother Joseph W. LaForte admitted to a federal court that he had participated in an illegal online sports gambling business in New Jersey, New York, Florida and elsewhere. Joseph LaForte, 39, is currently serving a sentence in New York state prison on unrelated charges.  He admitted to conspiring with others in 2005 and 2006 to helping bettors to place wagers at a foreign internet gambling site. They provided punters with user names and passwords so they could wager on online sports betting, LaForte admitted. He faces up to five years in prison and a $250,000 fine; sentencing is set for April 6.

Breaking Local News from Staten Island, NY: Staten Island man admits role in sports betting ring

Joseph W. LaForte, a Staten Island native who most recently lived in Huguenot, admitted on Wednesday that he helped operate an illegal online sports betting ring in New Jersey.

Joseph W. LaForte made this admission Wednesday at the U.S. District Court in Trenton.

Thirty-nine year old LaForte pleaded guilty to charges he was accused of, including conspiracy to operate an unlawful online sports betting business. LaForte, currently serving a prison term in New York on unrelated charges, faces up to five years and a fine of $250,000 when he is sentenced on the 6th of April.

In his admission, LaForte revealed that in 2005 and early 2006, he and his associates directed bettors to a particular online sports betting website located outside the United States. LaForte shared in the profits from the online business.

Joseph LaForte, a 39 year old New Yorker, admitted to the US Disctrict Court last week that in 2005 and 2006 he played a role in an illegal online sports bettingoperation.

LaForte directed players to an internet sportsbook hosted offshore, supplying them with user names and passwords for online sports betting. The website gave LaForte a share of the profits. LaForte now faces a possible prison sentence.New York Man Admits Role in Sports Betting Ring

A man from New York admitted last week that he helped to run an illegal online sports betting website that offered services in several US states, including New Jersey.

Joseph W. LaForte admitted to the crime in U.S. District Court in Trenton last Wednesday.

LaForte, 39, pleaded guilty to conspiracy to operate an illegal online sports betting business. LaForte is already serving time in New York on separate charges, and now faces a sentence of up top five years in prison along with a $250,000 fine. He will be sentenced April 6th.

Online sports betting

LaForte’s admission said that between 2005 and 2006, he and several others helped punters to place wagers through an online sportsbook hosted outside the United States, then shared in the profits from the sports betting business.

NY man admits role in sports betting ring

A man from Staten Island, New York, recently pleaded guilty to setting a former employee’s Mercedes-Benz on fire in 2004 out of revenge.

James LaForte Jr., 32, also admitted last Wednesday to offering high-interest loans, then using threats and violence to collect on them. Loan sharking carries a maximum sentence of 20 years in prison and a $250,000 fine.

Additionally, LaForte’s brother Joseph W. LaForte admitted to a federal court that he had participated in an illegal online sports gambling business in New Jersey, New York, Florida and elsewhere. Joseph LaForte, 39, is currently serving a sentence in New York state prison on unrelated charges.  He admitted to conspiring with others in 2005 and 2006 to helping bettors to place wagers at a foreign internet gambling site. They provided punters with user names and passwords so they could wager on online sports betting, LaForte admitted. He faces up to five years in prison and a $250,000 fine; sentencing is set for April 6.

Breaking Local News from Staten Island, NY: Staten Island man admits role in sports betting ring

Joseph W. LaForte, a Staten Island native who most recently lived in Huguenot, admitted on Wednesday that he helped operate an illegal online sports betting ring in New Jersey.

Joseph W. LaForte made this admission Wednesday at the U.S. District Court in Trenton.

Thirty-nine year old LaForte pleaded guilty to charges he was accused of, including conspiracy to operate an unlawful online sports betting business. LaForte, currently serving a prison term in New York on unrelated charges, faces up to five years and a fine of $250,000 when he is sentenced on the 6th of April.

In his admission, LaForte revealed that in 2005 and early 2006, he and his associates directed bettors to a particular online sports betting website located outside the United States. LaForte shared in the profits from the online business.