In 2010, the Ha Tien Vegas Entertainment Resort, a casino investment on Kampot province’s border with Vietnam that included luxury karaoke rooms and suites, launched with high hopes of attracting Vietnamese gamblers. At the end of December, Ha Tien Vegas closed down. To the north, in Savannakhet on the Lao border with Thailand, another casino, the Savan Vegas Hotel and Entertainment Complex, is doing better business. Two U.S. gambling magnates with business interests in Phnom Penh have been linked to both casinos through online, virtual gambling....Read More
GIBRALTAR — Gibraltar, the British territory at the tip of the Iberian Peninsula, has long been a political sore point between Britain and Spain. But now, in an Internet gambling dispute, it’s Briton vs. Briton. Officials and executives in the territory’s thriving online gambling industry are crying foul over Prime Minister David Cameron’s plan to impose a 15 percent tax on residents of Britain who place bets on Gibraltar’s dozens of sites. People here in this tiny outpost, which evokes England with its red phone booths and...Read More
Real-money gambling and FarmVille just don’t mix. Zynga chief operations officer David Ko said in an analyst conference call today that the company decided not to invest in U.S. real-money online gambling because it needs to stay focused on social gaming and its core casual audience. The San Francisco company slightly beat Wall Street expectations, but it continues to bleed users. This, and the decision to withdraw its plans to bid for real-money online gambling licenses in the U.S., led to a tumble in the company’s stock price after-hours trading. The stock is...Read More
Greece’s Commission for the Supervision and Control of Games (CSCG), a division of the Hellenic Gaming Commission, has published a 401-member blacklist of online gambling sites that will supposedly be prohibited from operating in the Mediterranean nation. The list will be sent to Greek internet service providers, who will be instructed to deny subscribers’ access to the sites. It will also be sent to the Bank of Greece so it can stop the flow of funds to and from the sites, as well as law enforcement agencies to assist in unlawful gambling...Read More
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