New Jersey Online Gambling Income Drops for First Time

New Jersey Online Gambling Income Drops for First Time

New Jersey’s Atlantic City casinos saw online gambling revenues fall for the very first time in April. (Image: Atlantic-City-Casino.com)

While the profits from New Jersey’s emerging online gambling market were small, most observers have actually remained upbeat about the long-lasting prospects for online gambling in the state. Each month, suggesting that steady growth could be expected for some time after all, since the launch of the sites in November of last year, online casino and poker games have brought in more and more money.

But that streak is now at an end. Internet gambling profits were down slightly for New Jersey in falling to a total of $11.4 million for the month april. That’s in regards to a half-million less than in March, whenever web sites earned $11.9 million.

An element of the reason because of this is April had one less day than March. But that doesn’t inform the story that is whole the average take daily was additionally down extremely somewhat, dropping from $383,173 in March to $380,958 in April.

This comes after strong gains in recent months. Both January and March saw double-digit monthly gains over previous months, while even February the shortest month of the season saw a nine percent enhance over January.

Good Weather, Payment Issues Cited

Officials cited possible reasons for the decrease, while remaining upbeat about the future of on the web gambling in the state.

‘Maybe when the weather was Continue reading “New Jersey Online Gambling Income Drops for First Time”

Two bwin.party Execs Acquitted of Gambling Charges in France

Two bwin.party Execs Acquitted of Gambling Charges in France

bwin.party exec Norbert Teufelberger and former co-CEO Manfred Bodner (r) have actually finally been acquitted of costs in France. (Image: SN / APA / HERBERT PFARRHO)

The battle over whether bwin now known as bwin.party violated the guidelines of France’s online gambling industry was fought for over a decade now, with legal proceedings having begun nearly eight years back. But finally, after it seemed as although the instance might never be resolved, a court that is french come to the final outcome that two professionals who were with bwin during the disputed time duration are maybe not guilty of the crimes they are accused of.

Bwin.party leader Norbert Teufelberger and former bwin co-CEO Manfred Bodner have both been acquitted of costs that they violated the legal gambling monopolies set up in France between 2003 and 2005. At the time, only two organizations La Francaise des Jeux (FDJ) and Pari-Mutuel Urbain (PMU) were offered a monopoly throughout the nation’s gambling industry, with the two accusing bwin of violating their rights by offering online gaming products to French citizens.

Long Wait for Verdict

Teufelberger and Bodner were originally arrested back in September 2006 while at a press seminar announcing a partnership between bwin and AS Monaco, A french soccer club. The pair ended up being faced with illegally Internet that is offering gambling, illegally receiving bets on displaying activities, and Continue reading “Two bwin.party Execs Acquitted of Gambling Charges in France”