Monthly Archives: May 2016

Caesars Interactive Entertainment Reports Revenue Jump Ahead of WSOP

Caesars Interactive Entertainment (CIE), the online gaming axis of Caesars Growth Partners (CGP), has reported a 29 percent increase in revenue in 2016. The operator, which controls the World Series of Poker’s online platforms in Nevada and New Jersey, saw its social gaming platforms, as well as the aforementioned real money sites, hit an average […]

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Caesars Interactive Entertainment Reports Revenue Jump Ahead of WSOP

Caesars Interactive Entertainment (CIE), the online gaming axis of Caesars Growth Partners (CGP), has reported a 29 percent increase in revenue in 2016. The operator, which controls the World Series of Poker’s online platforms in Nevada and New Jersey, saw its social gaming platforms, as well as the aforementioned real money sites, hit an average […]

The post Caesars Interactive Entertainment Reports Revenue Jump Ahead of WSOP appeared first on .

Paypal ceases payment protection for online gambling in US, Canada, Brazil

Online payment processing service Paypal announced that it will soon stop protecting payments for transactions related to gambling in several countries.

The online payment platform recently issued a statement, where it outlined the changes it will make to its Payment Protection policy and User Agreement, impacting buyer and seller protection as well as dispute resolution.

According to the company, “gambling, gaming and/or any other activity with an entry fee and a prize” will be included in Paypal’s updated list of “ineligible items” for protection starting June 25 in a number of countries, including the United States, Canada and Brazil.

Aside from gambling, other items that will no longer be eligible for payment protection include payments on crowdfunding platforms and payments made to any government agency.

Paypal ceases payment protection for online gambling in US, Canada, Brazil

Online payment processing service Paypal announced that it will soon stop protecting payments for transactions related to gambling in several countries.

The online payment platform recently issued a statement, where it outlined the changes it will make to its Payment Protection policy and User Agreement, impacting buyer and seller protection as well as dispute resolution.

According to the company, “gambling, gaming and/or any other activity with an entry fee and a prize” will be included in Paypal’s updated list of “ineligible items” for protection starting June 25 in a number of countries, including the United States, Canada and Brazil.

Aside from gambling, other items that will no longer be eligible for payment protection include payments on crowdfunding platforms and payments made to any government agency.

Philippines tightens AML laws after $81M Bangladeshi bank heist

The Philippine government is attempting to plug the loopholes that allowed $81 million of heisted money to pass through the country’s banks and casinos.

On Tuesday, the Department of Finance announced that it has initiated the process to strengthen the anti-money laundering and bank secrecy laws in the country, starting with a draft bill that will include casinos to the list of entities covered by the Anti-Money Laundering Act.

The bill was submitted to the Congress, according to the department.

If you’re just joining us, February saw hackers steal $101 million from Bangladeshi bank accounts in New York, of which $81 million was transferred to a branch of Rizal Commercial Banking Corporation in Manila. From there, the money was reportedly withdrawn through remittance firm Philrem Services Inc before it was funneled through the local casino industry by two Chinese junket operators.

Philippines tightens AML laws after $81M Bangladeshi bank heist

The Philippine government is attempting to plug the loopholes that allowed $81 million of heisted money to pass through the country’s banks and casinos.

On Tuesday, the Department of Finance announced that it has initiated the process to strengthen the anti-money laundering and bank secrecy laws in the country, starting with a draft bill that will include casinos to the list of entities covered by the Anti-Money Laundering Act.

The bill was submitted to the Congress, according to the department.

If you’re just joining us, February saw hackers steal $101 million from Bangladeshi bank accounts in New York, of which $81 million was transferred to a branch of Rizal Commercial Banking Corporation in Manila. From there, the money was reportedly withdrawn through remittance firm Philrem Services Inc before it was funneled through the local casino industry by two Chinese junket operators.

Draftkings Expands Payment Options In The UK

LONDON, 11 May 2016 – DraftKings, the world’s leading Daily Fantasy Sports (DFS) platform, is expanding its payment options in the United Kingdom through a partnership with Paysafe, a leading global payment provider. DraftKings’ UK customers can now fund their accounts with debit and credit cards.

Through this agreement, Paysafe, a FTSE 250 company, will be the exclusive debit and credit card processor for DraftKings UK. Paysafe’s expertise in payment products and services will enable DraftKings UK to meet the evolving needs of the business and help make payments easier for its customers.

Jeffrey Haas, Chief International Officer of DraftKings said: “Working with Paysafe, a world leader in digital payments, is an important step for us in our business growth. They are assisting us in meeting our customer demands while reaching an ever-increasing number of players.”

Neil Erlick, Executive Vice President, Business Development at Paysafe added: “As a payments provider with considerable sector expertise across many rapidly-evolving industries, we are pleased to be enabling more ways in which DraftKings’ customers can pay to play. Helping the businesses we work with grow their payment options in existing and new markets is central to what we do.”

Draftkings Expands Payment Options In The UK

LONDON, 11 May 2016 – DraftKings, the world’s leading Daily Fantasy Sports (DFS) platform, is expanding its payment options in the United Kingdom through a partnership with Paysafe, a leading global payment provider. DraftKings’ UK customers can now fund their accounts with debit and credit cards.

Through this agreement, Paysafe, a FTSE 250 company, will be the exclusive debit and credit card processor for DraftKings UK. Paysafe’s expertise in payment products and services will enable DraftKings UK to meet the evolving needs of the business and help make payments easier for its customers.

Jeffrey Haas, Chief International Officer of DraftKings said: “Working with Paysafe, a world leader in digital payments, is an important step for us in our business growth. They are assisting us in meeting our customer demands while reaching an ever-increasing number of players.”

Neil Erlick, Executive Vice President, Business Development at Paysafe added: “As a payments provider with considerable sector expertise across many rapidly-evolving industries, we are pleased to be enabling more ways in which DraftKings’ customers can pay to play. Helping the businesses we work with grow their payment options in existing and new markets is central to what we do.”

Score with CORE Gaming’s new ‘Football Frenzy’ instant win game

11 May 2016, London, UK (Press Release): CORE Gaming, the world-leading HTML5 gambling software house, is getting in the mood for Euro 2016 with the launch of ‘Football Frenzy’.

The instant win game, which is already available on Sky Vegas, offers players the chance of turning £1 into £25,000, with an incredible £250,000 on offer from a £10 stake.

Football Frenzy takes place on a bagatelle-style pitch, with the player aiming to hit one of three trophies to win big money. Gamers are helped along the way by ‘free-kick’ and ‘penalty’ bonuses as they enjoy the kind of thrills and drama that will be on offer at the Euros in France next month.

Mark Rehorst-Smith, Chief Commercial Officer of CORE Gaming, said: “With England, Northern Ireland, Wales and the Republic of Ireland all set to take on the continent’s elite at the European Championships, Football Frenzy is sure to entice players who just can’t get enough of the game.”

Score with CORE Gaming’s new ‘Football Frenzy’ instant win game

11 May 2016, London, UK (Press Release): CORE Gaming, the world-leading HTML5 gambling software house, is getting in the mood for Euro 2016 with the launch of ‘Football Frenzy’.

The instant win game, which is already available on Sky Vegas, offers players the chance of turning £1 into £25,000, with an incredible £250,000 on offer from a £10 stake.

Football Frenzy takes place on a bagatelle-style pitch, with the player aiming to hit one of three trophies to win big money. Gamers are helped along the way by ‘free-kick’ and ‘penalty’ bonuses as they enjoy the kind of thrills and drama that will be on offer at the Euros in France next month.

Mark Rehorst-Smith, Chief Commercial Officer of CORE Gaming, said: “With England, Northern Ireland, Wales and the Republic of Ireland all set to take on the continent’s elite at the European Championships, Football Frenzy is sure to entice players who just can’t get enough of the game.”

McGregor gets underdog tag vs. Mayweather

The odds may not be in favor of Ultimate Fighting Championship (UFC) featherweight champion Conor McGregor should the hundred million dollar mega-bout between him and retired undefeated boxer Floyd Mayweather, Jr. pushes through.

As the prospect of a fight between the two different ring fighters gains steam, fans of boxing and mixed martial arts have quickly painted the possible outcome of the Mayweather-McGregor bout, and the whole picture doesn’t look good for the Irish fighter.

Boxing legend Roy Jones, Jr. and UFC commentator Joe Rogan have both predicted Mayweather to be victorious – and millions of dollars richer – after his boxing duel with McGregor.

Fancy MMA reported that Jones picked “Money” over “The Ghost” as the possible winner in their fantasy bout, saying the UFC champion cannot go toe-to-toe against a pound-for-pound fighter.