The financial result forced CryptoLogic to significantly reduce its dividend, to $ 0.03 per share, a decrease of 75%. In the past, the company had paid a dividend of $ 0.12 per share.

“The continued payment of dividends, even in a difficult year for the company, expresses the confidence of the board’s in CryptoLogic strategic planning , which will restore its growth and profitability in 2009,” said the company in a press release.

The company published earning of $ 14.0 million in its latest financial report, a 16.4% decrease compared with the second quarter of 2008 and 19.7% compared to the same period in 2007. Operating costs for the third quarter (until 30 September 2008) amounted to $ 16.5 million, or 117.5% of revenue.

The increase in operating expenses is primarily due to losses of $ 4.2 million in foreign exchange recorded during the quarter, after the U.S. dollar appreciated about 10% compared with the British pound and the euro, at a time when the company had significant amounts in these currencies. With the cooperation with GTECH, the company hopes to reduce operating expenses to $ 12 from $ 15 million in 2009.

“In such a difficult year for the company and the industry, we recognize that we must perform even better - and that is why CryptoLogic puts a direct implementation plan to achieve its profitability objectives and strategy growth in 2009, “said Brian Hadfield, chairman and CEO of CryptoLogic.

“CryptoLogic casinos offer attractive campaigns to new customers and our branded games have won the confidence of some of the largest companies in the world. We have already reduced our operating costs in an effort to strengthen cooperation in the field of poker. ”

With the cooperation with the GTECH international poker network which is imminent in 2009, Cryptologic will give licensees and players access to an even bigger network, while limiting the annual expenditure.

This move is just one part of the aggressive policy of CryptoLogic to increase revenues to a central axis to concentrate on online casino operators and branded games.

Cryptologic also announced agreements with the Gaming Media Group Limited, the Sky Betting and Gaming, and GigaMedia Limited, and also presented a new site for Betjacks, one of the new European customers of the company. This site came to online on 4 November.

CryptoLogic’s online casino are by far the most profitable businesses and the company expects a significant increase in revenue in the next year. The company came to an agreement with 10 new customers in 2008 and is close to cooperate with even more.

With particular reference to statements by the chairman and chief executive of Harrah’s, Mr. Gary Loveman, who replied to questions relating to the matter at a press conference, the LVRJ reported that the senior member of Harrah’s argues that the chance to legalize the online poker have been strengthened considerably since the results of national elections last week and which the Barak Obama and Republican won by a large majority.

As Loveman described, the prospects of legalizing online poker are now extremely promising. On the other hand, he has not expressed the same optimism in relation to casino games and sports betting on the internet where the chances of legalization in the near future are very ‘poor’.

He also mentioned that he was satisfied with the outcome of the elections, not only for the transfer of control to the democratic party, but also because none of the leaders of committees that negotiate the poker issue is not opposed to the procedure (ie with the prospect of legalization of online poker).

” It is something we work every day and we now believe that opened the way to achieving our goals” Loveman said.

Loveman is president of the giant casino company “Harrah’s Entertainment” which has serious business interests in the case of online poker in the U.S.. Suffice to note, Harrah’s owns also the brand of World Series of Poker.

The Gaming and Leisure Association of Ireland has asked the government to vote on legislation, which will attract online casino operators in Ireland. It is estimated that with favorable arrangements and with the effective institutionalization of online gambling, would create 10,000 additional jobs in information technology and in the areas of financial and support services such as accounting, tax, advertising and legal services.

The report also mentions that the institutionalization of online gambling will bring the country an amount of about $ 68 million every year!

And the question arises: Could the United States follow the example of Ireland, with a result that jobs and revenue in general will be 100 times more than what is estimated for Ireland?

This is kind of difficult at present for the United States since there is strong opposition to gambling in several ‘conservative’ parts of society. This is mostly based on ‘moral’ grounds, and despite the economic downturn and increase in unemployment rate, the attitude against gambling is not expected to change.

It has been a while now that Irish authorities allow citizens of the country to participate in online gambling without however establishing the appropriate legal framework. Some online gambling companies took advantage of the lack of legislation and unsuspecting customers became victims of several scams.

However, the proposed regulations are in the process of approval, and online gambling will become much safer for the Irish public.

The online gambling firms would be particularly excited to relocate their businesses in a country like Ireland, where exists specialized personnel in the field of information technology and also the industry infrastructure is highly developed and readily available.

We expect Ireland to develop into a paradise for online casinos, such as Gibraltar, Malta and Cyprus.

Any company licensed by the UK Gambling Commission will have the opportunity to show ads on the search engine within the United Kingdom. This move was made since the ads gambling is now legal in Great Britain.

“We hope that this change will enhance the search experience for users and will help advertisers to get further networked and improve their relationship with consumers,” said James Cashmore.
Nevertheless ads that will run, will continue to be subject to filtering by the search engine.

Any user having a Safe Mode search filter will be able to block the gambling ads. All ads related to gambling will be classified as Non-Family Safe, regardless of the ad banner. This ensures that minors will not be exposed to ads related to casinos and gambling in any circumstances.

And while people in Britain will have the option to see these ads, Google has not decided yet to change its policy for the rest of the world.

The construction and development of a betting system is based on specific mathematical rules that use primarily statistics, combined analysis and the theory of probability.

The aim of a betting system is to indicate the best possible method for success of each player. It is obvious that no system can guarantee absolute success since no result can be predictable with certainty. And even if a system can guarantee 100% successful results, it will be unfeasible because the costs would outweigh the benefits for the player. It should be therefore clear to the reader that efficiently perfect systems are not feasible to construct. A betting system, however, will help you increase your probabilities of winning considerably higher than playing without any system.

The most popular dice game that has been established and played in casinos is the Bank Craps or simply Craps. Craps was passed from Europe to New Orleans in mid-18th century and until World War II the game was not very popular. Today however is one of the most popular games in casinos while in the U.S. is the first game in preference for players.

Craps is a fast, enthusiastic and fun game, totally different from the other casino games. The game has its own loyal fans and friends where everyone is actively involved and lively cheering (winnah) in any good roll.

There is already a fair amount of local players who have left their success mark in the world of poker. Featured Hungarian players include Richard Toth, Denes Kalo and Valdemar Kwaysser who have significant international distinctions.

The EPT website states that the tournament, with the official name Hungarian Open, will have a buy-in € 4350, while the satellites at PokerStars have already begun.

“The EPT Hungarian Open … will certainly act as a magnet for a large mass of international players, and of course for the growing poker audience of Hungary,” continues the website of EPT.

We remind you that for this year’s 6th season of the European Poker Tour, we already had the events in Barcelona and London. After Budapest the EPT will take place in Warsaw (Poland) in November.

The poker-mania has taken over the old continent and the best European casinos don’t lose the opportunity to host an event of EPT. Although we are in the vortex of a global financial crisis, all of the EPT tournaments are sold out, while the participations for the main events go beyond 300 in each of this popular poker tour!

Michael was left with only 95,000 chips, but after a series of incredible hands, he managed to make the ultimate comeback in less than ten minutes! In the last hand of the final, Michael held 44 against the K9 hand of the Swedish Mike Tureniec. A four in the turn secured the American the title of champion of the EPT.

Despite his young age, winning the EPT London is not the first success for Martin. In last year’s EPT Grand Final held in the Monte Carlo casino, he ranked 5th, and second in the Amsterdam Master Classics!

Altogether 596 players paid the buy-in of £ 5200 for the EPT London Open, creating the staggering prize pool of £ 3349200.

Among the poker professionals who participated in this EPT tournament were former world champions Joe Hasem, Greg Reimer, Chris Moneymaker, Gkropelie Bertran, Gus Hansen, David Benjamin, and many other great names of world poker.

Among the celebrities who took part stood out the German former world tennis champion Boris Becker, the Italian ski slalom champion Alberto Tompa, and the Brazilian racing driver Gualter Salles.

Some of the largest companies in the area have announced massive changes and upgrades to their systems, while at the same time, some online casinos have also announced upgraded systems.

Neteller is at the top of the news this week as the EiG Conference and Expo in Barcelona promises one of the best years in this annual event.

Several leading companies in the electronic wallet industry, including Neteller, announced that they will present a new product in the Expo. The brand new payment system Netbanx of Neteller has created much anticipation to the executives of online casinos who expect the demonstration of the possibilities of the new product.

The Netbanx payment system is not to replace but to enhance what Neteller already offers to online casinos and to other online companies. The new suite of payment focuses on the addition of the international system of financial transactions Netbanx.

Neteller now can offer even better services in the commercial sector and generally in companies outside the sector of online casinos, which are looking for ways to exploit the power of the Internet to sell products and services. The Expo continues its tour this time in Barcelona and Neteller will not only present the new payment system, but also three new commercial agreements for the new suite of financial transactions.

Neteller certainly continues to focus its attention mainly to the online casino industry and the presentation of its products will be accompanied by some of the top names in the industry such as Betfred, Bet265, and Purple Lounge.

A Neteller representative said that these new functions and features of online payments will give the company the necessary impulse to attract new customers from the online gambling industry in Europe.

It is nonetheless true that the channel opened by Binten’s son with the online gambling industry has not helped at all the Obama-Binten ballot.

But a question is born - why should online gambling be such a significant issue?

Well, according to the media, voters and analysts in the conservative American society are concerned a lot about online gambling, causing questions about the level of political honesty. The effort to support Internet gambling through his lobby, opposed to the election campaign announcements of Barak Obama.

Both candidates promise a change in the current system, but with a different perspective for each candidate. The Democratic side rejects the way in which Washington handles a number of important issues today: large enterprises and even individuals are able to shape policy decisions with the support for their party.

The side of McCain on the other hand espoused the creation of a fair and honest government - essentially the same thing that Obama says but with a different approach.

The issue of online casinos is however a matter of intense polarization and conflict since huge amounts of money are in the game. The reason for re-discussion of the gambling issue was the direct connection of Binten’s son with one of the largest Internet companies in the world involved in the gambling sector - the well-known “Party Gaming”.

Taking into account the fact that the online casino gambling is still a status of illegality in the United States, and without accounting what k.Barney (member of the Congress) and a significant number of lobbyists believe, gambling via the Internet is a secondary issue in the list of the two candidates.

The presidential marathon continues with undiminished intensity and each candidate is trying to give a general picture of policy changes on all issues - without concrete commitments - to attract in this way the most voters.