International poker ace Phil Ivey’s GBP 7.7 million defeat by Crockfords in the UK Supreme Court edge sorting issue this week is just part of a run of bad legal fortune he faced this week. Following separate US litigation over a similar edge sorting dispute in 2012 with the Borgata in Atlantic City he now …
Online gambling games and software provider NetEnt has posted another set of impressive third quarter and January to September results, highlighting the following: Third quarter 2017 * Revenues for the third quarter increased by 12.3 percent to SEK 401 (357) million; * Operating profit up 20.5 percent year-on-year at SEK 156 (129) million; * Operating …
Down in Australia the integrity chief of Racing Victoria, Dayle Brown, has been doing some good old-fashioned scare-mongering to keep the unlicensed hordes of online bookmakers at bay, warning punters that despite the temptation of better offers they should stay clear, and claiming that there are perils associated with giving bank and card details to …
High taxes and a restrictive regulatory regime in Russia have not discouraged the GVC online gambling group from backing its subsidiary Bwin’s entry into the Russian sports betting market in partnership with wealthy Russian investor Alexander Mamut. With a mid-November launch scheduled under licensing held by Mamut’s Digital Betting company, Bwin Russia is reportedly already …
Online casino WinADay reports that a jackpot winner earlier this month plans to donate some of his windfall to hurricane relief in the Caribbean islands. Player JoseP bucked the traditional Friday the Thirteenth bad luck superstition earlier this month when he hit a $277,482 jackpot playing WinADay’s Pyramid Plunder slot, and told casino management that …
Industry veteran and CEO of BetConstruct, Vahe Baloulian, has announced that he is stepping down after six years with the UK and Armenia-based company in order to concentrate on his family’s hospitality business. He will be replaced from November 1 by BetConstruct founder Vigen Badalyan, although he will remain on the board as a non-executive …
Speculation on whether the US federal government would defend the Professional and Amateur Sports Protection Act restricting sports betting to just four US states ended this week when the US Solicitor General, Noel Francisco, filed his brief with the US Supreme Court. The Solicitor General has sided with the sports leagues in opposing New Jersey’s …
After ten years at the helm of bookmaker Stan James, chief executive Denis Kelly will reportedly retire at the end of this year. Our readers may recall that two years ago the online operations of Stan James were acquired by Unibet (now part of the London listed Kindred Group) for GBP 19 million. The agreement …
Pennsylvania House lawmakers wasted no time this Thursday morning in voting 109 vs. 72 for the sweeping gambling expansion bill H-271 passed the previous afternoon by the Senate as an element in a budget-funding imperative. Our readers will recall reports earlier today that after making some concessions the state Senate approved the bill Wednesday, sending …
The Macau gambling sector’s contribution to government tax coffers for the first nine months of 2017 rose 17.5 percent year-on-year to MOP 68.64 billion (US$8.54 billion) according to figures released this week by the island’s Financial Services Bureau. Casino GGR over the three quarters to end September grew almost 19 percent to MOP 193.38 billion …
Pennsylvania lawmakers worked late Wednesday and managed to achieve some progress in both the House and the Senate as they redoubled efforts to find consensus on the budget funding differences that have plagued the state for the past four months (see previous reports). In the Senate, lawmakers made some concessions in passing gambling expansion bill …
A court in New South Wales slapped the Tabcorp gambling group with fines and costs after the company acknowledged guilt in two infringements of NSW regulations in a promotion in the Sydney CBD in March this year. The promo involved handing out jelly bean promotional bags emblazoned with the slogans “Nothing’s as sweet as a …
The Portuguese online gambling market shook off second quarter revenue declines in Q3-2017, with the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulator reporting that revenues resumed a growth trend at Euro 29.3 million…an improvement of 15.6 percent on Q2-2017. On a year-on-year basis Q3 numbers this year represent an improvement …
Sheldon Adelson’s Las Vegas Sands group has announced that it is planning a $1.1 billion new project spend for Macau, including the construction of a London-themed attraction to complement the company’s existing Paris and Venice-themed properties. The company will be rebranding Sands Cotai Central as The Londoner Macao by 2020, LVS revealed. Sands Cotai has …
Further evidence of the potential of eSports was provided this week with the publication of an Activate – MBA Syracuse Martin J. Whitman School of Management study which predicts that by the year 2020 betting revenues from eSports will have soared from $300 billion currently to $1.5 billion annually. Highlights from the survey include: * …
The Cherry Group advised Thursday that Jonas Wåhlander, md of its recently acquired subsidiary ComeOn Malta Ltd, has resigned following the appointment of a new management team with extensive experience, tasked with taking ComeOn! to the next level. “The integration process in our Online Gaming business area has reached a point where we now want …
Online gambling games developer Pragmatic Play, has announced the latest game to join its premium collection of online slots, a 3×5, 15 pay-line game titled Diamond Strike with a claimed RTP of 96.48%. The developer says the new game evokes the spin-to-win experience of classic slot titles, loading the reels with abstract symbols like fruit, …
Online casino firm LeoVeghas has expanded its UK footprint following the Euro 60 million acquisition of Web Investments, the Malta-based parent company of the Royal Panda online casino. The agreement was unveiled during LeoVegas’ presentation of its Q3-2017 results, and includes a further Euro 60 million in conditional earn-out provisions. Gustaf Hagman Group CEO of …
Esports Gold, an eSports online media aggregator, has provided investors with an opportunity to lock-in the current value of Ethereum through its initial coin offering (ICO). Purchasers of its Esports Gold tokens (ESG) acquire a share of the betting revenues generated by the platform, allowing an effective cash dividend based on annual betting turnover. In …
Live dealer technology provider Evolution Gaming released its 2017 year-to-date numbers Wednesday, highlighting: Q3-2017 results: * Q3-2017 operating revenues increased by 56 percent to Euro 45.7 million; * EBITDA rose 103 percent to Euro 21.8 million, up from the Euro 10.8 million last year, corresponding to a margin of 47.7 percent. * Profit for the …
Camilla Rosenberg has been named head of the Swedish Gambling Authority by the country’s government. She was formerly the director-general of the regulator and will serve at least six years in the top position. Rosenberg joined the Swedish Gambling Authority in September 2015 as head of the operations department, bringing with her years of managerial …
Scientific Games’ online subsidiary SG Interactive has announced an agreement to provide seven Osage Casinos land properties with its digital SG Universe product suite. The SG Universe digital suite gives players an exclusive all-access pass to a casino’s game services and amenities in an intuitive mobile and desktop app, wrapped in an interface that showcases …
When Italy, Portugal, France and Spain begin sharing their online poker player pools (see previous reports) French operator Winamax should be in pole position, having this week secured a fast route into the Italian market by buying bet-at-home’s Italian licence. The agreement with bet-at-home comes as anticipation grows that additional new Italian licenses will soon …
Camelot, the operator of the UK National Lottery has partnered with Switzerland’s Loterie Romande, providing the Swiss company with its Camelot Global platform, which includes instant win games on a branded website. The online service launched this week, with Loterie Romande CEO, Jean-Luc Moner-Banet complimenting Camelot Global on a successful launch, and promising frequent updates …