Archive for April, 2010

Grand National bookies’ turnover expected to hit £100m mark

Monday, April 12th, 2010

The economic wobbles are not expected to affect betting on Saturday’s Grand National, The Guardian reported.

Business on Saturday’s final was anticipated to hit £100m ($200m), The Guardian said.

The Grand National was good to the bookies last year, The report noted.

PartnerLogic signs with Income Access

Monday, April 12th, 2010

PartnerLogic has entered into an agreement to use the Income Access affiliate marketing software solution to manage their successful affiliate programme. Affiliates who promote the Intercasino, Interpoker, Parbet and VIP Casino brands will now be able to take advantage of the high-powered reporting and tracking features that the Income Access software provides to its partners. In addition, affiliates will have the added convenience of promoting one or more of these brands with just one login.

“We are extremely pleased to have come to an agreement with PartnerLogic,” said Nicky Senyard, CEO of Income Access. “This represents a great opportunity for everyone involved, and we are excited to be in a position to support Partner Logic’s in their quest to excel and reach new heights with their affiliate programme.”

PartnerLogic, renowned in the online gaming affiliate industry as one of the most reputable gaming brands, gives affiliates the opportunity to earn high revenues every month by promoting their full suite of gaming products. Offering unique and creative promotions, regular affiliate incentives that range from increased commissions to high-value prizes , and strong customer support, PartnerLogic affiliates can benefit from a long-term profitable partnership.

“A big part of our mandate was to partner with a reputable company that was capable of meeting all of our affiliate programme software needs,” said Fotis Bachtsevanis, Head of Affiliates at PartnerLogic. “We feel confident that teaming up with Income Access will satisfy this mandate and that together we can provide an even better affiliate programme.”

Income Access provides white label versions of its software to many of the top businesses in the iGaming industry. In-depth reporting features and integrated marketing tools have made Income Access the software solution of choice amongst top affiliates in the business. With multiple brand management, multi-language features, simple integration and more, the Income Access affiliate marketing software solution can be used to leverage the needs of any iGaming business.

Hearing on online gambling to be held Friday

Monday, April 12th, 2010

On Friday, April 16, the House Committee on Financial Services will discuss the expected challenges from enforcement of the Unlawful Internet Gambling Enforcement Act (UIGEA) – a law that seeks to prohibit some forms of online gambling activity while permitting others. Previously, representatives of the financial services sector, as well as of the Department of the Treasury and Federal Reserve System, expressed concern to Congress that UIGEA is ambiguous, burdensome for banks and financial institutions and unlikely to achieve its main objective, stopping Americans from gambling online. Two pending bills introduced by House Committee on Financial Services Chairman Barney Frank (D-MA), the Reasonable Prudence in Regulation Act (H.R 2266) and Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), seek to delay implementation of UIGEA for one year or replace it with a regulatory and enforcement framework for licensed gambling operators to accept bets and wagers from individuals in the U.S. The hearing is scheduled to begin at 10 am in Room 2128 of the Rayburn House Office Building .

“This hearing will provide further evidence that UIGEA is a poorly-crafted law that simply does not work. A more common sense approach to protect Americans is required,” said Michael Waxman, spokesperson of the Safe and Secure Internet Gambling Initiative. “We expect this hearing to provide further impetus for the House Financial Services Committee and Congress to address this issue and move forward Chairman Frank’s regulatory bill.”

In November 2009, the Department of the Treasury and Federal Reserve System announced an extension to the compliance date of the final UIGEA regulations by six months to June 1, 2010. Recent news reports indicate that there will not be another extension of the compliance date, allegedly the result of a deal struck between the Treasury Department and Senator Jon Kyl (R-AZ) in order to lift a block on certain administration appointments.

H.R. 2267, introduced by Chairman Frank in May 2009, would put in place practical and enforceable standards to bring transparency to Internet gambling by licensing gambling operators who meet strict business operations criteria. In addition to consumer protections, the legislation reinforces the rights of each state to determine whether to allow Internet gambling activity for people accessing the Internet within the state and to apply other restrictions on the activity as determined necessary.

A revised companion to Chairman Frank’s bill, the Internet Gambling Regulation and Tax Enforcement Act of 2010 (H.R. 4976), introduced by Rep. Jim McDermott (D-WA), is projected to generate $42 billion in new federal government revenues and $30 billion in new state government revenues over ten years. The primary source of the revenue would come from ensuring applicable taxes and license fees on regulated Internet gambling activities are collected.