Saturday, May 30, 2015

improvement for US Internet gambling

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"The biggest challenge of Internet gambling in the U.S. is that this is an industry still looked at as having been born out of sin," said Gil White, whose law firm represents 888 Holdings. "The new world of Internet gambling is clearly regulated and regulatable."

When online gambling began in 2013, many customers had a hard time making deposits to fund their accounts because banks refused to authorize the transactions. That has improved somewhat with new transaction codes adopted by Visa last month to narrowly recognize Internet gambling transactions from state-regulated, approved sites. That has raised Visa acceptance rates for Internet gambling from the 18 to 22 percent when it first started to about 50 percent now, said Joe Pappano, senior vice president of Vantiv Gaming Solutions, which handles electronic transfers for New Jersey online gambling sites.

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888 Holdings Bids for Bwin.Party

888 hands out special dividend, eyes acquisitions

Caesars Entertainment Operating Co Inc to control of its huge bankruptcy

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The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months.

The ruling by U.S. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

They have accused the parent company of stripping from the operating unit the most-profitable properties, such as the Linq Hotel & Casino in Las Vegas.

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Vasco Data Security International's multifactor authentication technology to provide an extra layer of security

fines could range between $12 million to $20 million on Caesars

Friday, May 29, 2015

Datuk … Dato

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The Datukship Awards

Broadly speaking, there exist two categories of awards: – federal awards and state awards. Federal awards are granted by the Yang di-Pertuan Agong. The following titles are awarded by the Agong: –

1. Tun – the most senior federal title. There may not be more than 35 local living holders at any one time. The wife of a Tun is called a Toh Puan.

2. Tan Sri – the second most senior federal title. There are 2 types of recipients – the Panglima Mangku Negara (PMN) and the Panglima Setia Mahkota (PSM). There may be at any one time up to a maximum of 75 PMN holders and a maximum of 250 PSM holders. The wife of a Tan Sri is a Puan Sri.

3. Datuk – also 2 types of recipients – the Panglima Jasa Negara (PJN) and the Panglima Setia Diraja (PSD). There may be not more than up to 200 each of PJN and PSM holders respectively.The wife of a Datuk is a Datin.

State awards, conversely, is awarded by the state Sultans. The following titles are awarded: -

1. Dato’ – this is different from the federal Datuk, although pronounced in similar manner. There is no limit to the number of Datoship to be awarded.There are many variants to the Dato’:

Dato’ Seri Utama – this title is regarded above the Tan Sri. The wife is called Datin Seri Utama.

Dato’ Seri / Dato’ Paduka – the wife is called Datin Seri.

Dato’ – the wife is called a Datin (except in Terengganu, where they are known as To’ Puan [not to be confused with Toh Puan, the wife of a Tun]). There are variation to the Dato’ in certain states, for example in Malacca and Kedah, there is the Datuk Wira; in Sarawak, there is the Datuk Amar and the Datuk Patinggi; whereas in Sabah, there is the Datuk Seri Panglima.

Some states, as we know, do not have a Sultan, but rather, the Governor: namely Malacca, Penang, Sabah and Sarawak. These rulers are appointed by the Agong, and hence their award are not the Dato’, but rather, the Datuk, in line with its federal standing.

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Thursday, May 28, 2015

Macau operators might consider going into social gaming

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Kevin Li stressed that the social casino games market “is huge” in Asia. However, it’s hard to estimate the exact size. He told The Times that global figures show that the social games industry generates USD60 billion in revenue each year.

Some jurisdictions are now considering regulating social casino games, as real money land-based casino companies are acquiring social gaming businesses.

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