Archive for February, 2013

Tech World Poised for Online Gambling Development

Thursday, February 28th, 2013

With the major developments surrounding the legalization of online gambling, it is obvious the tech world has it eye on cashing-in on the next biggest thing. Online gaming is a multi-billion dollar industry, and developers across the industry are turning casual, social casino games into online game play for real money.

At this time, real money casino betting online is aimed overseas, where legal positions toward gambling online are more relaxed. Betting on the internet overseas is, indeed, generally legal, and as we all know, very lucrative. But game companies, from small start-ups to Zynga and even Facebook, have their focus on the ultimate prize: major earnings.

In the US, Nevada and Delaware have already mapped out their approval and development of casino gambling online. New Jersey just signed conditional legislature to introduce internet gaming.

Various State Assemblies in California, Mississippi, and Iowa (among others) have introduced bills seeking to legalize gaming online for real money. Business is business, and many US states are realizing that online gambling would bring in copious amounts of tax revenue. No longer willing to ignore the burgeoning gaming industry, state by state, we can expect to see a major increase in bills introduced on the State level to propose the legalization of betting online for money. Internet casinos are already here, people are already playing for real money on the World Wide Web, and its time to evolve into legalization and regulation. In Iowa alone, online gambling supporters report that some 150,000 residents were playing poker illegally.

As with most developing industries and technology, the legislative progress, is slow. It takes a painstaking amount of time to introduce bills and develop strategies to regulate. With many of those previously opposed to the legalization of casino gambling online – namely the major land based casinos – coming around to the thought of developing internet based casinos themselves, Silicon Valley is now paying full attention as the eventual legalization is all but guaranteed to only spread like wildfire.

Silicon Companies now believe that online gambling will soon become as easy as buying an e-book, or streaming a movie. The expediency of being able to wager money from your home or elsewhere will be just as popular and entertaining as walking the Vegas Strip.

You think people spend too much time on Facebook now? Just wait until they can bet on everything under the sun while doing so!

What potentially becomes of interest here is that Silicon Valley will potentially remove its center of attention from the oversees market and refocus on making money in the US, which is a huge plus for the US economy indeed.

Currently, companies such as Betable (San Francisco), where well over a dozen studios are now using Betable’s back-end developmental product, are popping up left and right. This is seriously the next step in online casino games and is typical of most developing industries.

As these companies ardently wait for the US market to be legalized, they are already introducing betting games in the UK, (where Apple has already finished iPhone software to accommodate them!). Last summer, Facebook launched Jackpotjoy (bingo) for UK users for real money wagers.

Zynga, the company that developed power hits like Words With Friends, FarmVille, and Mafia Wars, is advertising the impending release of its first real money wager games in the UK.

Casual gaming first exploded on Facebook’s Web site, where users could play with their actual friends. It is now being redeveloped for real money gaming action on mobile devices, so people can play casino games for brief periods of time if needed. Hey, thanks to the tech industry, waiting for your lunch order could make you a millionaire, indeed!

Scientific Games Buys WMS in $1.5 Billion Deal

Sunday, February 17th, 2013

scientific games_wms gamingIn the online leisure gaming industry, we haven’t seen a move this expensive in two years. Well, maybe not as expensive as it is smart, that is.

As reported by SF Gate (Source: Bloomberg), Scientific Games Corp. (SGC) is purchasing WMS Industries Inc. for a reported $1.5 billion. This huge move is targeted at creating a new worldwide supplier of lottery equipment and casino slot machines. The transaction was approved by both boards collectively without any disagreement. Yep, it’s pretty much a no-brainer.

For those of you online casino news fans that enjoy keeping up with the business end of online gambling and or leisure gaming, you may know that Scientific Games, is 38% owned by well-known billionaire Ron Perelman, who is much better at running companies than saving his marriages (sorry, that was called for). SCG, a New York-based provider of lottery systems and scratch cards has entered into the deal to share production, software and customer services with WMS in order to conserve funds.

The deal creates a noteworthy new realm of opportunity between the two leisure gaming types, and poses a major opportunity for increased revenue by the sharing of each company’s resources and products for yet further development into the online scene and new technology that is literally bursting at the seams. These two companies do indeed have much to offer each other: WMS with its online gambling connections and SCG with its lottery-style based offerings.

Based in Waukegan, Illinois, WMS has been in the online gaming industry for years and has developed cutting-edge slots for mobile use too. In fact, WMS just launched 100 new casino slot games at a Vegas trade show recently.

Speaking of slots, the slot machine industry is, itself, recovering from the global economic slump that saw casinos shying away from adding and buying new machines after gambling took a turn toward table games and poker – Games with mostly better odds, that is. WMS, needless to say, is charging on by developing slot games with intense entertainment value and advanced bonuses. Evolution is definitely taking place with slots these days.

The new deal is expected to be finished and completely in place by the end of 2013, thus giving both companies time to integrate properly. The goal in this period of time is to save about $90 million. That’s what we in the online gambling business call pooling your bankroll!

Both companies have released positive statements surrounding the merger. It seems the attitude is not that one bought the other out, but rather, more about sharing resources to move forward in a massive, explosive industry to create the types of innovations we online gamers expect to see, play and have easy access to – whether online, on our mobiles, or elsewhere.

There has been quite the flourish of buyouts mergers and high competition within the online casino industry and social gaming industry due to laws passing in favor of the real money gaming option, not to mention the new technology surrounding mobile casino technology, which WMS has been in on steadily from the get-go.

Here’s some cool info for our readers about WMS. This online slots giant leads the way when it comes to advancing slot game technology and releasing new exciting online casino games (now mobile), and has a strong seat planted within the social gaming environment.

WMS itself is a highly visible company and boasts a vast social vibe with a business Facebook page, WMS Gaming, as well as the extremely popular Jackpot Party Casino page at Facebook.  This is the company’s absolute social hub for all things WMS slots offer online casino players and much more.

Online Casino Sites: Casino Gardening 101

Saturday, February 9th, 2013

online casino gardeningWith any increase in demand, popularity and growth of any given industry, to participate to the fullest – to truly enjoy – one must be able to do a little gardening to reap the full benefits.

If you haven’t noticed already, online casino sites are popping up like weeds in your garden. This is due to the ongoing growth explosion of online casino gambling. But just like any other industry, there will be copycats, sites developed too quickly, and online casino portals that are just not on the up-and-up, folks.

We’re not talking about the casinos themselves (well, at least not all of them). In fact, truly regulated online casinos have more hurdles to jump through than ever before, and by now, you probably have a favorite online casino that you are already loyal to and that is loyal to you. On the contrary, we’re mostly speaking of the thousands and thousands of portals that have popped up to attract casino players with their biased reviews, ratings, and shiny new come-hither web designs, but with zero culpability.

But there is tremendous value to a credible portal online casino site. Because the online gambling industry is ever changing with new developments and technology, you’ll want to literally stay in the game by staying up to date via a quality online gambling portal, such as Your’s Truly, Online Casino Suite, aka OCS.

Anyone can create a website these days, but not everyone builds a quality, candid, informational online casino site. Of the thousands of websites surrounding casino gambling, OCS can cite a few that deserve to earn player trust.

Online casino sites catering to players that are truthful and full of actual knowledge about specific online casinos and the industry that surrounds internet gambling are much harder to find than an actual online casino. If I’ve learned anything from playing online for real money, it’s that you need to know more than just the casino’s rules and regulations. This is a burgeoning industry with new legal developments and casino software updates almost every day worldwide. Casino sites that provide you with this information are a good friend to you and will definitely keep your garden weed-free!

Now, back to the flower garden we go. Think of it this way, you get the best looking flowers from a little work and maintenance. The same goes for online casino gambling. You need an online casino site that provides very detailed, comprehensive online casino reviews. These reviews should always include important topics like casino accreditation, who specifically owns the casino, ongoing or new promotions, and bonus details revealing if said bonuses are actually true and free of “fine print”.

Sites like Online Casino Suite never willingly promote any bonus or promotion that is false. And believe me, there are way too many online casino sites that are loaded with junk and outright false information. Please take a look at the reviews right here on this specific site and notice the detailed information about each and every casino recommended. Precise terms are stated and updated continually.

Also, any casino site worth spending your non-gambling-time at will provide actual player feedback and interactive forums where real players are engaging with others and sharing actual experiences. This is so important. A junk site full of weeds simply contains unchecked information and zero responsibility.

Another way to tell if an online casino site is legit is by checking for an updated blog where interaction is taking place – a site where work is being done and an investment into the industry is taking place. A quality casino site will share the latest casinos that have been blacklisted and which do not hold current licensing.

Last but not least (going hand-in-hand with a blog), breaking casino industry news is another important component for a weed-free casino gambling experience. If there is new information in this industry (and there always is), you’ll need to know about it.

Let your garden grow folks! Find the best seeds and benefits from all the things a healthy, well maintained gambling experience has to offer. Sites like Online Casino Suite are dedicated to this industry and therefore I recommend you to dedicate a few minutes of your time each day staying updated and in the game with casino reviews, bonus and software updates, news, and more. Engage in our blog and talk to others about their experiences with online casinos sites and gambling online!

The Difficulty of Bitcoin – Where One Door Closes…

Monday, February 4th, 2013

bit coin currencyIf you’ve been gambling online for any real period of time, you no doubt understand the serious struggles, legal problems, and technological advances this immense industry has seen.

Probably the biggest hit to the online gambling industry itself came on April 15, 2011, when the U.S. Department of Justice literally shut down the three largest online poker sites available to players in the U.S., charging eleven different people for engaging in illegal gambling, money laundering, and bank fraud. Customer accounts were immediately frozen, and thousands of U.S. based players could not access any of the money in their accounts. While this was a stunning event, nonetheless, the road forward commenced. In fact, a plan to combat the U.S. currency issue was already in the making.

Enter Bitcoin.

Created in 2009 by a programmer “known” as Satoshi Nakamoto, Bitcoins act almost like any other known currency. As of January 2013, the value of a single Bitcoin is approximately 13 U.S dollars, and is benched upon demand. Banking transactions are operated via a non-centered peer-to-peer network similar to that of online music and film sharing protocol BitTorrent. Today, Bitcoin is used by many different merchants worldwide, the most noteworthy of which is Silk Road – the online black market associated with illegal drug sales (according to an associate director at Carnegie Mellon’s Information Networking Institute).

While this all sounds a bit clandestine, it is one answer to the U.S. currency issue at hand. People can buy and sell Bitcoins using different worldwide currencies through such online exchanges as Mt. Gox. Players, for instance, can even use a service by BitInstant – a company that does the payment processing and which allows people to buy the virtual currency online for cash at a staggering 700,000 U.S. locations, including places you shop at everyday like 7/11 convenience stores, Duane Reade drug stores, and, of course, U.S. retail giant WalMart. It should be noted that not all retail outlet locations participate. Once Bitcoins are purchased, they are stored on computers (or mobile devices) in Bitcoin wallets (files) or in cloud-based e-wallets.

All loopholes and configuring aside, there is a certain speed to access involved here. If you’ve played at casinos online, in some cases you may have experienced delayed payouts. Players using Bitcoin, in most cases, can get a payout in just a few hours.

According to global gaming tracker GamblingCompliance, the U.S. online casino gambling market is valued between $4-6 billion. On April 15, 2011, for instance, real money online casino players in the U.S. alone had over $100 million sitting in frozen online accounts from the three aforementioned seized poker sites, some of which the U.S. government is still currently working to get back to the players (who were not the target in the seizure).

The Bitcoin situation is not all unicorns and rainbows though. While attractive due to its convenience for real money online gambling transactions, it is still unknown if the government will go after Bitcoin gambling sites. This is a burgeoning industry, and as advancements are made on one side, defenses will need to be created on the other. The Justice Department has remained without response.

Lastly, Bitcoin itself is not free of its own issues. There have been more than a handful of hacking issues. The company itself has shaky standings. Bitcoin Savings & Trust, billed as a hedge fund, took off with more than $5 million in investor money in what appears to be a Ponzi scheme. Also, those Bitcoin “wallets” mentioned earlier in this story have been known to disappear should your computer have hard-drive issues (crashes and the like). Bitcoin itself states that one client lost about 50,000 Bitcoins this way. With any growing industry, developing technology will be susceptible to kinks and problems.

Most online casinos do not use this technology yet, but Bitcoin-based gaming sites are increasing greatly. Most casinos using Bitcoin are associated directly with Satoshi (go figure). However, there are online casinos like Strike Sapphire (based in Costa Rica) that use Bitcoin, but still prohibit U.S. bettors. While the wait-and-see is taking place, it seems this time around more caution is being exercised, at least by sites not directly related to the Bitcoin developer itself. The bottom line is that the verdict is still out on whether Bitcoin will remain legal as it is.

If you are at all wondering if your fellow online gamblers are buying into this banking product, consider that SatoshiDice (a casino directly connected to the developer using Bitcoin) has reported an increase of 78% in betting between the official launch (March 2012) and December 2012.