Microsoft, Yahoo and Google – the three largest Internet companies agreed on Wednesday to pay a combined $31.5 million to settle federal civil allegations that they had accepted ads for illegal internet gambling.
The companies said they stopped taking the ads years ago. The settlement was announced by Catherine L. Hanaway, the United States attorney for [...]

Reports this morning have emerged after Neteller co-founder John Lefebvre entered a guilty plea in the Federal District Court in Manhattan yesterday, a decision which follows that of Stephen Lawrence on 29 June.
The Daily Telegraph, reports headed: “Neteller founder in conspiracy plea deal”, quotes Lefebvre’s lawyer, Vincent Marella: “My client is here to plead guilty [...]

CryptoLogic, a leading e-gaming software developer and supplier catering to the online casino, poker and bingo market, has applied to de-list its shares from the Toronto Stock Exchange, the NASDAQ, and the Official List of the UK Listing Authority. It will also cancel trading in its shares on the London Stock Exchange’s EEA Regulated Market.

· Parlay have signed a partnership agreement with Orbis for its OpenBet Casino and Fixed Odds Games Modules
· The agreement sees Orbis providing OpenBet Casino and OpenBet Fixed Odds Games content to Parlay, the world’s leading Internet Bingo provider
· Orbis continues to build on its position as the software provider of choice through OpenBet™ [...]

Wow, the USA is really hell bent on its war vs Internet gambling by offshore corporations. So far it has netted executives of mostly publicly listed firms including financial transaction processor Neteller – and now it is going after the banks and investment houses that have aided or facilitated the listing of these legal and [...]

Noam Lanir, the Israeli online poker and gambling entrepreneur and marketing expert has sold his remaining shares in Empire Online to Party Gaming for $40 million, according to the Y-news site.
More than eighteen months after the company listed on the London Stock Exchange (LSE), the indications are that Lanir is heading out of the online [...]

Merrill Lynch realeased a new research which states that the Internet gambling industry is still in its infancy and won’t hit its peak until the year 2015.
By 2015, the financial advisor predicts, the global I-gaming market will bring in a mind-blowing $528 billion annually, despite the United States’ prohibitive I-gaming legislation.
Merrill Lynch based [...]

Neteller – a provider of online money transfer service has reported a 48 percent revenue gain in the third quarter, from $44.9 million to $66.7 million, despite the United States crackdown on Internet gambling.
Neteller’s pre-tax profits rose 24 percent to $32.5 million, with shares reaching 149 pence—a 5.1 percent increase. Despite the strong quarter, [...]

Online gaming giants PartyGaming and 888 Holdings held preliminary talks over a possible merger, Sunday Times newspaper reported. Industry experts are predicting the companies would have a market value of £1.6 billion if they were to consolidate. Both companies were left reeling as stock prices and revenue plummeted after US President George Bush signed legislation effectively banning online gambling in the country.

32Red has released figures from its third quarter results, which highlights a 10% drop in casino revenue but also an increase in total sales since the summer.
The online casino and gaming operator said that despite its casino revenue falling around 10% because of the Unlawful Internet Gambling Enforcement Act, its total revenue rose 55.8% in [...]