SBR analyst Natalie discusses the latest in the iGaming " />

SBR International iGaming News March 30th 2012

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SBR analyst Natalie discusses the latest in the iGaming news department on March 30th, 2012.

Montreal-based Amaya Gaming Group, the server and network-based gaming specialist, has announced that is it going ahead with the unconditional purchase of long-time online casino games developer CryptoLogic.  A quote taken from Amaya states, “In accordance with the level of acceptances set forth above, Amaya is pleased to announce that the offer has become unconditional as to acceptances,” Amaya already control just over 7% of CryptoLogic, started that their offer, worth $34.5 million in cash received, quote, valid acceptances from an additional 73.76 percent of share holders giving them a total of over 80 percent. Amaya Gaming Group has also said that they will extend their offer period for the remaining CryptoLogic share until April 18th so that that holders who are as yet, not accepted the offer, will have time to do so.”

Last week at the Nevada Gaming Policy Committee, Reno Businessman Paul Mathew Jr. addressed his fellow board members, including Governor Brian Sandoval, stating that Nevada needs to capitalise on online gambling. The committee believes that online gambling offers Nevada the best available opportunity to grown its economy. Paul Matthew Jr stated “‘It’s time for Nevada to be able to leverage its regulatory apparatus to our benefit, he declared, we need to take what we do around the block and around the world. IN order to do that we need to legislation online gaming.’ The Governor also addressed the Committee, stating that he wanted to meet four times before the end of August….. with a report for the Legislature being drafted after the final meeting. So far, over 24 casino operators and gaming equipment manufactures have applied for Interactive gaming licenses.

Not really a huge surprise, but it has been made official, Utah Governor Gary Herbert has signed an anti-gambling legislation that outlaws all residents from taking part in any form of online gambling. The legislation has also written of their being any possibility off aboriginal casinos opening in Utah. This decision is a direct response to federal measures currently being considered in Congress that would legalise online gambling in states that don’t choose to proactively opt out. The bill was first put forth late last year by Republican Steven Sandstrom, who is a representative from the Nevada House of Representatives. Sandstrom quoted, “We want to keep Utah free from the negative impacts of legalised gambling,” he went on to say “Without courageous leadership to block Internet gaming, Utah could see Indian casinos popping up statewide in just a few years. As it stands, Utah is only one of two states that prohibit any form of gambling, including Hawaii. However, Hawaii is currently considering legalizing gaming leaving Utah to fight the battle solo!

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