• Katz Campaign: Casino Profits to Charity

Any potential windfall from casino-style gambling in Philadelphia should flow to charities working in the city rather than into the pockets of private investors, Republican mayoral candidate Sam Katz said yesterday. In the first major policy proposal of his campaign, Katz said that a new nonprofit foundation should own any casino license awarded to the city. The idea puts him at odds with powerful business leaders who are also pursuing a casino license for the city. Up to $100 million yearly could flow into the Forward Philadelphia Foundation from slot machines at a proposed horse-racing track in South Philadelphia, Katz said. By comparison, the United Way, the Jewish Federation of Greater Philadelphia, and Catholic Charities together raised an estimated $83 million last year. Philadelphia stands to get at least one license for slots under various proposals floating in Harrisburg, where lawmakers and investors alike are beginning to weigh Gov. Rendell's plans to allow casino-style gambling in the state. [...]

> Read the full story here Source : Philly.com

• Could the Solution to the E-Payment Crisis Already Exist ?

For all of the "alternative payment solutions" offered through the years, some believe the answer to I-gaming's payment processing woes lies in the existing banking system. If officials with UseMyBank.com have their way, online gamblers will soon be funding their accounts through online banking services such as savings and checking accounts. The company has developed a Web site that enables consumers to pay any bill, even one to an online casino or sports book, through any bank that can be accessed on the Internet. "When they want to buy casino chips they will be using their bank to do that," Joseph Iuso, the creator of the system, said Using the system is as easy as signing on and selecting a payment amount. If the seller has already provided the amount, it automatically appears and the consumer is asked to confirm it. Then, UseMyBank sends the payment off to the bank, which replies with an electronic confirmation that the funds are good. Payments are shown on the account as being made to UseMyBank. [...]

> Read the full story here Source : IGamingNews.com

• Casino Atlantis Online To Close

The recent announcement from Casino Atlantis Online that it will "wind down operations" by the end of March, has sent shockwaves throughout the industry. Oscar Nieboer, Vice President of Marketing at MGM Mirage comments. 1. Did Kerzner enter too early into the market, or was it other factors that could have had an impact on the closure ? Going into this we all recognised that it is a tough market - and playing it by the book creates added commercial pressure. That is why it is critical that all regulated operators define their appropriate criteria for success.Clearly key measures such as customer base, revenue, return on sales and assets etc., matter - but over the short term one has to temper this assessment with the need to prove that revenue and regulation are not opposed to each other. One of our (MGM Mirage''s) key metrics for instance is reputation and the generation of proof to other jurisdictions that the issues within online gaming can indeed be addressed. Hence a longer term view. [...]

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

• Webmaster Wins Porsche Boxster

Today, Nick - username "BestWin" - of Denmark left the International Porsche Showroom in Surrey, England driving the brand new Porsche Boxster he won from PartnerLogic, one of the Internet's most popular and most profitable gaming affiliate programs. The Porsche was won by BestWin during a raffle-style webmaster's appreciation drawing sponsored by PartnerLogic. The drawing was broadcast live on the Internet on January 10th (click for replay) and included nearly 1,000 entries from PartnerLogic affiliates. Although there are hundreds of get rich quick panaceas online, the true performers in e-commerce are clearly the online casinos and their affiliate partners. While webmasters may find many ways to supplement their steady income with their websites, there are very few avenues that will earn them enough to make their site their primary source of revenue unless they look toward online casino affiliate programs like PartnerLogic's. During the period of competition leading up to the draw, PartnerLogic's affiliates earned over $1,000,000. [...]

> Read the full story here Source : WinnerOnline.com

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