France has benefited from an additional reprieve, giving it up to 29th October to find a compromise with the European Union over its sports betting policy.
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Like France, Sweden was sent a letter of formal notice by Brussels last June… What is more, Sweden does not intend to give a favourable response to the European Commission’s injunctions.
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Second Life’s virtual economy is collapsing. Ginko, the virtual investment bank which collects Linden Dollars in Second Life has filed for bankruptcy and is incapable of honouring more than 200,000,000 Lindens deposited by its 20,000 members. This represents a real loss of $US 750,000.
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Malta, the small island state situated in the middle of the Mediterranean Sea, has become the new eldorado for casino and poker operators, bookmakers and other sectors of the European online gaming industry.
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Playtech, widely known throughout the world as one of the pioneers in online casinos, has announced its intention to buy out European gaming operators in financial difficulty.
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The “Four Winds” – the world’s first electronic poker room – has been open for business since early August in New Buffalo, near Chicago.
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Sealand, a former military platform which has become an independent State, is preparing to launch its own virtual casino from 2nd September. The island is situated 6 miles east of the British coast.
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Linden Lab, the creator of Second Life, has been hit hard by its decision to close down all games of chance for money in its virtual world.
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At the end of final table lasting nearly 16 hours, 39 year-old Jerry Yang walked away with the 8.25 million dollar prize and the most sought-after winner’s bracelet in the Main Event of the World Series of Poker in Las Vegas.
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The WTO has just imposed heavy sanctions on the USA for its protectionist laws which were judged to be an obstacle to online internet betting services based abroad.
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