Gamblingdungeon

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Paddy Power’s entry into lucrative US market moves a step closer

By Geoff Percival

Tuesday, July 07, 2009

BOOKMAKER Paddy Power could be in a position to enter the potentially lucrative US market sooner than expected, with hopes rising that proposals for the legalisation of online gambling could be passed by the US government within the next 12 months.

The Massachusetts-based Democratic congressman, Barney Frank, has been an advocate of legalising online gaming websites and has been pushing for legislation since the US government passed the Unlawful Internet Gambling Enforcement Act in 2006.
The act stops companies based online from accepting payments via credit card or other electronic means to settle online bets.
Mr Frank even put in an appearance at last week’s World Series of Poker event in Las Vegas to drum up support for his drive.
He said he was confident of getting a bill passed by sometime next year.
At Paddy Power’s annual general meeting, earlier this summer, the company announced the latest leg of its international expansion by entering the Australian market, via the €27.2 million purchase of a 51% stake in leading Australian online betting company, Sportsbet – with the option to buy it outright in the next couple of years.
Then, Patrick Kennedy – Paddy Power’s chief executive – remarked that the company would be very interested in entering the online gaming market in the US, if the laws there were changed.
Paddy Power opened a book on the issue of legalisation in the US, at the beginning of this year after receiving requests from certain punters to do so. A spokesperson for the company said yesterday that while stakes punted began at an average of €10-€20; last week they suddenly shot up in value to around €500.
The company began offering odds of 6/4 in favour of Mr Frank being successful in lifting the ban before 2011, but has since cut them to 4/5, as a result of the sudden upsurge in interest.
Power’s has also opened a book on which US state will be the first to drop the ban, should legislation be passed. Currently, the company has Utah as the 2/1 favourite, followed by Nevada, New Jersey, Texas, Louisiana and Tennessee.
California is priced at 20/1 with Florida at 25/1 and New York and Massachussets both at 33/1.

This story appeared in the printed version of the Irish Examiner Tuesday, July 07, 2009

Read more: http://www.irishexaminer.com/business/paddy-powers-entry-into-lucrative-us-market-moves-a-step-closer-95747.html#ixzz0KYGaHnRz&C

7 sultans casino is part of the fortune lounge group. They have been in operation since the end of 1999 (according to archive.org)

We will be showing you screenshots of all the games that they have, and the promotions that they provide.

Happy Gambling at 7 Sultans Casino

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Spanish Blackjack is played with eight unique decks. Each deck consists of 48 playing cards made up of the standard 52 cards, less the four 10 cards. Each deck is shuffled before every game.

The aim is to beat the Dealer’s hand by either getting a better hand, without exceeding 21, or by the Dealer’s hand going bust. In Spanish Blackjack, you can only bet one hand at a time.

Note:
Blackjack is when your hand contains an Ace and a card with a value of ten. It is the strongest hand in Spanish Blackjack, and automatically Stands. It cannot be beaten, only matched.

This movie was really bad. It was actually funny, as it reminded me of the old JAWS movies as it was so far fetched..lol

Just read that according to Party Gaming the will have to pay $105 million. The payment terms are until 2012, and they will be paying in installments, with the first installment being $5 million.

Its a large amount, but if it gets them out of the problem, then we think its good. The issue can around in September 2006, and there stocks lost a lot of there pull.

Currently there shares are still more than 70% lower than that day in September 2006, even though it went up 15.1% after the news of the dispute.

Jim Ryan, PartyGaming CEO said, "‘The resolution of our position with the U.S. authorities marks an important day for PartyGaming. It has been a long and complex process, but we have reached an amicable solution. We are now well-placed to seize organic as well as strategic opportunities that previously were beyond our reach.”

Neteller has been one of our favourite deposit methods for quite some time. Glenn (while working for Crownvegas Casino , 2001).

I liked them more when I applied for one personally, and battled to authorize myself, due to living in South Africa. They helped me by not hanging up the phone, while i spoke to them for an hour confirming my details..

I just saw that Michael Jackson, “King of Pop” has died. I used to enjoy his music, 15-20 years ago, and then moved onto rock, metal, punk..

I will always remember doing the moonwalk and dancing to Thriller.

Hopefully he can be in peace now.