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Two of the largest online casino companies in the world are in conversations about a possible merger between the two companies. The company’s are the on the London Stock Exchange listed company PartyGaming known for Party Casino and Party Poker, and the Austrian Bwin a sports betting operator.

Many partnerships and contracts where agreed on in the casino gambling industry last year, but if PartyGaming and Bwin would merge, this would create a very strong gambling tycoon worth more than 1.8 billion pounds. Analysts from the online gambling industry say that the merger is in the plans of the companies, because the future is bright for the gaming industry. If the U.S. Internet gambling laws are removed and online casinos are licensed, it is expected that investors will swarm around the established company’s in the market. Insiders at PartyGaming said that the talks went beyond the usual inquisitive nature, but emphasized that there was no prospect on an agreement. Bwin staff was less enthusiastic and said the merger is pure speculation. According to the insider, the company had been talking with different companies for some time but there was no prospect of an agreement. Both companies have a casino gambling license in Gibraltar. None of the companies would comment on the rumors. Both companies are about equally as strong in the market, PartyGaming has a value of 1.1 billion pounds while Bwin is worth 1.2 billion pounds. Earlier this year, PartyGaming has signed an agreement with the U.S. government to avoid for prosecution for offering illegal gambling avoid, they paid 64 million pounds to the US. This was a step to enter the U.S. at the time it adjusts its gambling laws. Other companies that are seeking to merger with PartyGaming and Bwin are, 888, Sportingbet and Unitbet.

Researchers at the annual meeting of the American College of Neuro Psychopharmacology (ACNP) have discovered that problem gambling can be successfully treated with medications that reduce urges and increased inhibitions. The researchers have found positive results in gamblers who are treated with medications that are often used in treatment of substance addiction.

The team of Dr. Jon Grant of the University of Minnesota used a process that measures cognitive functions (perception, thinking, learning, motor skills and language) to identify what motivates these extreme forms of gambling behaviour. They have tested men and women diagnosed with pathological casino gambling. The number of participants per study ranged between 70 and 100 participants.

To divide the group into categories related to the differences in their biology, Grant separated the gamblers into two major subtypes: gamblers that are driven by urge (people who gambling when the urge becomes too strong to control), and persons who do not have normal inhibitions of impulsive behaviour (people who are not able to limit this behaviour, even if the drive is minimal or does not exsist). The first group of gamblers who are driven by urge, responded well to treatment with medications that block the brain opioid system (body’s own substances from the brains) or block certain receptors for the neurotransmitter glutamate (one of the main neurotransmitters in the nervous system).

Grant also found that family history plays an important role to further divide this group. People with an addiction in the family history responded better to the opioid blocker, which has been proven to reduce the urge to use substances such as alcohol or drugs.

The second group of gamblers who have difficulty inhibiting their behaviour and respond to the smallest desires, respond well to drugs that act on a specific enzyme, catechol-O-methyl transferase (COMT), an enzyme that plays an important role in the function of the pre frontal cortex (involved in cognitive and emotional functions such as decision making and impulse control). The researchers discovered that if you reduce the function of COMT, one’s ability to control their gambling addiction increases. Jon Grant said: “By understanding these different groups, we are able to treat the disease with a specially individualized treatment,”

An effective treatment for gambling addiction is much closer because of studies like this, on the site of American College of Neuropsychopharmacology you can find this and many other studies on problem gambling.

The Gold Mega Jackpot at PartyCasino has been hit by a lucky player who won the staggering sum of $4,978,336.62! The jackpot was the highest in the industry and is a milestone for the online casino of PartyCasino!

The lucky player is “gamago,” a member of the PartyGaming VIP club, the Palladium Lounge from Germany. He was more than pleased with his record-breaking online casino jackpot. In a statement he said: “I was so shocked when I won the jackpot and the news still really hasnâ€™t sunk in! I have to say I had my eye on the big jackpot but I really donâ€™t play aiming for them, I play for fun. I have won $50,000 and $100,000 jackpots before but nothing on this scale. It is unbelievable that one spin has given me nearly $5 million” the winning spin came at 20.42 on December 2. The stake was $45 on the popular PartyCasino Gold Mega Jackpot slot machine, Mega Fortune Wheel. The screen exploded with congratulations and lights when ‘gamago’ turned $45 into $4,978,336.62! It is clear that such a large amount of money is live changing, but “gamago” does not have an idea what he will do with this record jackpot. He said: “To be honest, I donâ€™t have any plans on what I am going to do with the money as yet.”

A Casino Party spokesman said: “We would like to congratulate â€˜gamagoâ€™ on taking down this monster record Gold Mega Jackpot and making online gaming history. ‘gamago’ is a valued member of the Palladium Lounge and we wish him well with his newly found mega riches.”

The jackpot is not the highest jackpot ever won in an online casino, that honor belongs to the Mega Moolah progressive slot machine which paid a huge jackpot of over 8 million dollars.

Buffet Bonanza is a 5 reels, 25 win-lines slot machine from Microgaming. The theme of the slot machine is based on various dishes and foods. The meals of the icons give you a big appetite for fun casino bonuses.

Icons range from 9 to the ace, a large pie, a vegetable dish, a roast, a red boiled lobster and an eating guest. The eating guest is the wild and replaces any other symbol except the scatter. When you hit the wild on reel 3, the wild will stack over the entire reel and cakes will be thrown on the reels that turn the symbol that gets hit into a wild. This creates many win opportunities. The scatter is the Buffet Bonanza logo.

When you hit 3 or more scatters, the free-spins casino bonus round starts. During the free spins round, your wins are doubled, it is also possible to re-trigger the free-spins during the free-spins round. And some extra opportunities come in the form of the wild which is added to reel 2 and 4 during the free-spins.

The last feature lets you have a gamble with gamble feature, when you guess the right colour of the next card you double your points, if you guess the correct symbol the you quadruple your win points.

The wagering range on Buffet Bonanza will suit all pockets, from 0.01 to 0.20, with a maximum bet of 100.00, from which the player could win 24 000.00 in the base game, and double that on the generous Free Spins.

Buffet Bonanza is a fun slot machine, but has its downside, there is not really an interactive bonus round, but the bonus round does have a nice pay-out. Buffet Bonanza is more for fans of slot machines to play as the slot machine keeps things simple. The free-spins round provides for the fun and the profit, and the gamblers can try to double their money with the gamble feature.

Presentation: 8
Graphics: 6.5
Sound: 7
Bonus: 7.5
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Total: 7.3

Yesterday the hearing for legalization of online casino gambling took place in the House Financial Services Committee in the U.S.. Experts in the field of online safety, consumer protection and online gambling told the committee why regulated Internet gambling and consumer protection ensures the security of online transactions. Chairman Barney Frank introduced the Internet Gambling Regulation, Consumer Protection Enforcement Act, which the hearing is about. The hearing emphasized the success of existing systems and technologies in blocking minors from gambling online, prevent problem gambling, and protecting consumers against money laundering, fraud and identity theft.

Parry Aftab, managing director of Wired Safety, the largest Internet safety and help group concluded in its statement that regulation of online gambling is the best way to protect consumers. She said: “The status quo offers no meaningful assurances that consumers will be protected, there are a number of technologies routinely used in other industries that were easily adaptable to online gambling sites. They are real, proven and in use today. They are also improving by the minute.”

An extensive study by Professor Malcolm K. Sparrow of the JFK School of Government of the Harvard University, was introduced at the hearing and enhanced benefits for consumers through regulation. In the study called, “Can Internet Gambling Be Effectively Regulated? Managing the Risks” Sparrow says that the establishment of a regulated industry under U.S. jurisdiction would provide much better protection against potential social harm rather than simply to ban online casino gambling. The combination of thought through laws with education, technological tools and support seems the most effective way to reduce the risks of online gambling in the United States. Then U.S. consumers will be better protected than now.

Michael Brodsky, CEO of Youbet.com a provider of online horse racing said that existing technologies can be used successfully to regulate Internet gambling. He said in his statement: “Today at Youbet we use technology that would ensure effective regulation of Internet gambling. The already-existing, totally legal, online pari-mutuel horserace wagering industry is a U.S.-based model of how to provide a responsible online wagering experience for adults, one that is clean, regulated and scrupulous about both collecting and paying taxes.” While online betting is generally prohibited, Congress has accepted that small local businesses are allowed to accept bets on horse races.

The testimony from the Executive Director of the National Council on Problem Gambling, Keith Whyte, said how online technology can be used to combat gambling addiction in a better way than in the land based casinos. The graphical and interactive structure of the Internet offers the opportunity to develop informed consumers with access to a variety of information designed to encourage safe choices and discourage unsafe behaviour. The number of online information and possible interventions are essentially unlimited. “

The only negative sounds came from the corner of the Indians, Robert Martin, director of the Morongo Band of Mission Indians, said the legalization will do nothing but legalize off-shore companies at the expense of jobs in the U.S. As tribes are restricted to offer gaming only from indian lands, we will be at a competitive disadvantage relative to all other non-tribal gaming interests and the current law, the UIGEA, provides a constructive pathway for those who wish to offer in Internet gaming on a state by state basis, and the law should be given time to become effective in its own right.

The hearing and statements left Congress with many possibilities to regulate online gambling, too long internet gambling has lived in the underground market. Our hope is that Congress will not take too long to vote on the bills of Barney Frank.

Click here for the video and statements of the hearing.

Today, Thursday, December 3rd, the House Financial Services Committee (HFSC), the overseer of the entire financial sector of the U.S., will discuss the legislation introduced by chairman Barney Frank for the legalization and licensing of the online casino industry in the US.

The hearing is scheduled at 15:00, and will feature statements and testimony of leaders in the field of online security and consumer safety. The experts will describe how existing systems and technologies have proven themselves successful in blocking minors from online gambling sites, combat problem gambling, and protecting consumers against fraud, theft of personal data and money laundering.

A spokesperson for Safe and Secure Internet Gambling Initiative, the American alternative to Right2Bet and lobbyist for legalization of online gambling said: “This hearing will provide further evidence on the ability to effectively regulate Internet gambling and require licensed operators to utilize already-proven technologies to protect consumers, Itâ€™s expected this hearing will answer any outstanding questions and pave the way for a vote in the committee on Chairman Frankâ€™s legislation.” The hearing follows a few days after the postponement of implementation of the rules of the UIGEA, which gives time for Barney Frank to achieve a legislative framework for the Internet gambling industry in time for the implementation date. This hearing together with the postponement of the implementation of the rules will better reflect the issue for the Congress to rewrite the gambling laws.

The bill which the hearing is about, is the Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (HR 2267). This bill, introduced by Barney Frank will legalise and license online casinos and online gambling, the proposal also provides for consumer protection and help for gambling addiction. The American Tax Commission expects a revenue of $42 billion over the next 10 years from the online casino gambling industry as the bill of Barney Frank is introduced, and Jim McDermott proposed tax rules for the online gambling activities.

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