• Online Gambling Firms to Learn How to Avoid U.S. Legal Trouble

NEW YORK, Feb. 19 /PRNewswire/ -- Internet gambling firms internationally planning on doing business in any way in the U.S. should attend the 3rd Annual World Internet Gaming Summit on March 24-25 in Miami, FL. (www.srinstitute.com/cm411) Online sportsbooks and casinos and other related entities attending the Summit at the Biscayne Bay Hotel & Marina will hear from Patrick T. O'Brien, Partner for the law firm of Greenberg Traurig, who will categorically describe how to overcome every legal risk associated with providing services to the online gaming industry. At this year's Summit, Mr. Traurig will provide the inside perspective of law enforcement toward Internet gaming. He will address each of the major sectors supporting interactive gaming-including hosting, telecommunications, software development, payment processing, banking, advertising, accounting and legal services-and detail the legal risks involved, the factors which increase those risks, and the steps to take to eliminate the risks. [...]

> Read the full story here Source : Yahoo.com

• Can Negative Databases Be Legitimized?

In an industry that attracts skilled fraudsters, casino operators clearly have to use a range of security screening measures, and everyone understands that these businesses have a right to protect themselves. One of the methods deployed is the negative database, but a better way has to be found for its implementation if future business and relationships with the consumer are not to be irreparably damaged. We all know that negative databases, or as they are more pungently referred to "player blacklists" are widely used by online casinos as security screens, but most online gamblers believe that these measures are being abused in many cases, and not just by the more unscrupulous operators in the industry. Almost every experienced onliner you talk to will have genuine first hand horror stories of unfair bonus and winnings disqualifications where the player's alleged presence on an un-named database is given as the reason for taking away what he or she regards as fair reward for their wagering. It is done unilaterally and communications contesting it are more often than not simply ignored. [...]

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• Stars join forces for Las Vegas casino bid

Planet Hollywood, the celebrity-backed restaurant chain, and Starwood, the £2.7 billion hotel company, are linking up to bid $500m (£310m) for Aladdin, the bankrupt Las Vegas casino hotel. Aladdin was the casino that plunged London Clubs International (LCI) into difficulties. After making its disastrous investment LCI was hit hard by the slump in travel after the September 11 attacks. The company breached its banking covenants and had to restructure its debts with its lenders — led by Bank of Nova Scotia — which insisted on disposals. LCI capped its exposure to Aladdin in November 2001 when it extricated itself from all financial obligations to the casino. Aladdin owes creditors $540m and the combined bid will be broadly welcomed. Other investors will complete the consortium, which is thought to be the frontrunner to win the casino. [...]

> Read the full story here Source : ATEOnline.co.uk

• Gambling Online Magazine and Gambling.com Join Forces

The Gambling Online Magazine's readers choice awards, online gaming's definitive Who's Who poll, has broadened its already massive voter base by offering the poll to visitors on both the Gambling Online Magazine web site, and on immensely popular gaming portal Gambling.com. By increasing the exposure of the poll through this alliance, the results of Gambling Online Magazine’s reader’s choice awards will more accurately represent the view of the online gambling community as to the best casinos and sportsbooks on the net. Eric Morris, Vice President of Gambling Online Magazine states, 'We are pleased to join forces with Gambling.com, the largest and the most widely recognized gambling portal in operation. This joint venture will increase both brands’ visibility and allow both parties to reach a new audience.' [...]

> Read the full story here Source : OnlineCasinoNews.com

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