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Online Gambling News by CRP

Pay Me Now - $163,390 From InterCasino
InterCasino player with the appropriately amusing username “Pay Me Now” is the latest of a series of MEGA-Jackpot winners to take home more than $100,000 from their ever popular Rags to Riches progressive online slot machine. This latest MEGA-Jackpot win is particularly noteworthy as the $163,390 jackpot was won after only $57 invested in the massively generous Rags to Riches slot.

Canada's online betting space heat up
With the Canadian Pari-Mutuel Agency or CPMA (a unit of Agriculture Canada) in the process of making regulatory changes, the number of people expected to place bets on horses over the Internet will only increase say industry observers.

Poker Industry On the Rise
New study by bookmaker Ladbrokes reveals the true future of online poker. Apparently the popularity of online poker has grown six fold in the last year, and it seems like its still on the rise.

Fraud Squad Raid Online Bookies in Hunt for Missing Millions
Australian fraud squad detectives have raided offices of IAS.bet.com in attempt to trace the $19 million AUS gambled away by former Commonwealth Bank Manager, David Faithful.

Intertops.com creates music for bettor’s ears
Intertops.com, one of Internet’s largest sports betting sites has unveiled a medley of bets on the 46th Grammy Awards, which is bound to attract music lovers and bettors alike.

WillHill gets into customer behavior
To date, most online gambling sites would stick to metrics like page views, registered users, hits and banner-ad clicks, or money transacted to judge customer behavior. But now websites like WillHill.com are getting deeper into online casino customer minds and eventually into their wallets.

Paddy Power to launch online casino
Starting from mid-January of 2004, offline customers of bookmaker Paddy Power can play online. According to the company, the new casino will be accessible through the bookie’s existing website and will offer roulette, blackjack and slot machine games, with bets starting at 1 Euro.

Betting exchanges open up for 2004 US election
“Trading exchanges' have started taking bets on the 2004 US elections. So if you think Howard Dean stands a snowball in hell’s chance of beating G.W. Bush, it could be worth a punt while the prices are still good.

US casino companies are cautioning the UK government
US casino companies are cautioning the UK government against imposing tax rates of over 20% on gaming profits, threatening that if the taxes are too heavy, they will not invest in the soon to be deregulated gaming industry. Las Vegas companies like Harrah's and MGM Mirage will not build the large casino complexes which form part of the UK’s gambling reforms, unless gaming duty is cut substantially.

Online Gaming Legislation Doubtful this Session
Congress will not pass Internet gambling restrictions this year as lawmakers scramble to complete other major legislation before adjourning in the next few days, according to Capitol Hill sources.





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