News (Page 2)

Like their land-based counterparts, online casinos are experiencing the effects of the troubled United States economy. Fannie Mae and Freddie Mac are foundering, gas prices have almost never been higher, the real estate market has been taking a prolonged, dramatic nosedive, and Wall Street is in crisis. What does all this mean? Well, naturally, folks in America have less money to spend… and some poor folks have a LOT less. It’s hard to fritter away even a few dollars at one’s favorite online slot machine when one is having trouble paying utilities, you know? It’s been a bad summer for the land-based casino gaming industry.Read More →

The online slot machine and casino gambling fans that have used the USDBet.com website as their financial hub may be in trouble. It was reported late last week that the third-party transaction processor had apparently gone under, leaving untold masses of players high and dry. Online slots and gambling fans took to the World Wide Web’s many casino message boards and chat rooms in alarm when all attempts to access the site were redirected to the Yahoo.com search portal. Even more alarmingly, the site’s operators are refusing to answer any forms of correspondence regarding the status of unpaid player funds. The third-party payment processor wasRead More →

Is gambling really gambling if no money is being exchanged, lost, or won? That is the fundamental question in the midst of the growing brouhaha surrounding the California-based Pauma Indian tribe’s quest to use free online slot machines as a tool to lure players into its land-based casino. With the American economy in trouble, there has never been quite so much competition for the contents of U.S. gamblers’ wallets. The operators of American casinos have resorted to any of a number of marketing plots designed to woo gamblers into their doors. The Pauma tribe’s particular strategy has been to offer free online slots on itsRead More →

When the Bush administration passed the UIGEA into law, the operators of Party Gaming ran for the proverbial hills. With the new law all but blocking casino operations from completing financial transactions with American gamblers, the many members of the online slot machine and gambling industry faced a singular, difficult choice. They could stick around the American market and face the many challenges implicit in trying to circumvent a law that is ridiculous in its lack of clarity, or they could withdraw from the United States market and pursue their profits elsewhere. Party Gaming, which had previously done the lion’s share of its business withRead More →