Favorite online gambling payment processor NETeller re-emerged onto the London Stock Exchange yesterday after six months of uncertainty and announced that its shares rose ten pence following early morning deals.
NETeller shares were suspended voluntarily on January 16 pending clarification after former Directors and founder shareholders Stephen Lawrence and John Lefebvre were investigated by US authorities [...]

Inspired Gaming announced this morning that Gala Coral Group (GCG) is to roll-out a further 1200 Open Server-Based Gaming (Open SBG) terminals by the end of this month. The new terminals will consist of 600 multi-win roulette terminals for SBG table gaming, 300 Atronic e-motion cabinets for SBG slots, and 300 SBG bingo seats.
The Gala [...]

With a delayed first quarter trading statement released this afternoon, Neteller has revealed the full extent of the damage done by its withdrawal from the US.
After restructuring costs of over $12 million and other expenses, Neteller posted a pre-tax loss for the three months to March 2007 of $14 million compared to a profit of [...]

The European Commission has instructed the French Government to modify its draft law on online casino and gambling to allow foreign companies to operate in France or face legal action.
“Last week, we sent a detailed opinion to France concerning the draft law, which is aimed at prohibiting foreign gambling operators from coming to sell their [...]

Online gambling payment processor and company, NETeller Plc, has announced that it will no longer service online gambling transactions from residents of Israel.
‘Recent legal developments have increased the uncertainty regarding the legality around certain activities related to online gambling in the Israeli market,’ said the company in a press release. ‘The company has, therefore, concluded [...]

speculations are rising as the online gaming group 888.com is to launch a sports betting service by the end of the year. 888 is said to deal with Blue Square to provide a sports betting white label that will see it competing with Ladbrokes.

Industry rumour suggests the Rank online gaming subsidiary is at the head of the running to provide the European-focused gaming giant with a full sports betting service [...]

Payment processing firm NETeller has agreed to forfeit $136 million as part of a deal with the US government to escape prosecution on conspiracy charge related to its handling of online casino and gambling proceeds.
Under terms of the deal the British firm must also pay back over $90 million still owed to customers.District Judge P. [...]

The American Indian gambling industry has reported a slowdown last year. Indian gaming revenue grew 11 percent in 2006 to about $25.5 billion, slower than the average annual pace of 15 percent in the past decade, fewer facilities also opened, a report showed.
Gambling operations on native reservations hire more than 320,000 people, led to $80.7 [...]

New UK Prime Minister Gordon Brown is reportedly about to dismiss plans to allow gaming companies to advertise on television and radio, according to reports from the UK’s Times newspaper.
The u-turn in policy was indicated by new culture secretary James Purnell in response to pressure from Church leaders and opposition groups warning that gambling advertising [...]

Gordon Brown announced government plans to produce a review of gambling in Britain to be published in September, as well as breaking with Tony Blair’s previous policy on super casinos by saying that regeneration is an alternative to the establishment of Las Vegas-style casinos.

The announcement was made in response to a question from Andy Reed MP (Labour) who speculated that supercasinos would increase gambling addiction. Following PMQs, a Whitehall source was widely quoted by the British press as saying that plans for regional casinos are now “effectively dead in the water.”

The first super casino was to be built in Manchester, a decision which created some controversy [...]