Estoril Sol, Portugal’s biggest land-based gaming group and operator of the region’s first legal online casino, has significantly expanded its online offering with the launch of a new sportsbook powered by platform provider Gaming1. The newly rebranded ESCONLINE.pt site has gone live with Gaming1’s sports betting platform, which is fully compliant with Portuguese regulations. The …
MetalCasino.com launched this week with ambitions to become a platform where a global community of metal-heads and casino lovers can share their passion. The new operator is licensed by the Malta Gaming Authority and the UK Gambling Commission and has launched on Gaming Innovation Group’s platform service iGaming Cloud, with Fast Track as its front …
A merger termination clause agreed by FanDuel management earlier this year is now taking effect following the abandoned merger with DraftKings (see previous reports). Business media reports last week indicate that the clause will result in founders Nigel and Lesley Eccles seeing their shareholding in the business reduced, and their rights as shareholders diluted as …
With just short of three weeks to go before two ferocious boxers enter the ring in what has been billed as the fight of the century, online betting exchange Betfair reports that it has already taken a record-breaking GBP 11.3 million in wagers…and a spokesman predicts that by the time the fight starts that could …
Online and land betting group Paddy Power Betfair plc surprised the industry with a stock exchange notification Monday morning that CEO Breon Corcoran is to step down. His replacement will be Peter Jackson, a 41-year-old former WorldPay plc chief executive. Corcoran has served 16 years with the betting group and its predecessor companies, the announcement …
A Tasmanian government inquiry into the local gaming industry, where club and pub based pokie machines rule supreme, will hear more evidence this week from various interested parties, including the Federal Hotels group, which holds an exclusive deed on poker machine licences that only expires in 2023. The inquiry is tasked with delivering its report …
77 Chinese citizens accused of illegal online gambling and lottery fraud offences were flown back to China from Fiji this week and escorted to detention facilities by a large contingent of police officers. The Ministry of Public Security said in a statement Saturday that the suspects are defendants in more than 50 cases involving over …
A young team of program designers in Norwich, UK has raised GBP 150,000 in funding, having developed a new app that offers sports punters the excitement of gambling without the cost. The Bet4F team has combined elements of social gaming and sports betting in the app, which allows punters to bet on matches and events …
The Daily Mail newspaper created a stir in gambling circles over the weekend when it reported that Britain’s Chancellor of the Exchequer, Philip Hammond, has blocked political efforts to reduce the staking limits on fixed odds betting terminals (FOBT) in bookmaker betting shops. Following intense media and political pressure, Britain’s ministry for Culture, Media and …
The UK football club Queens Park Rangers has confirmed that it has agreed an in-stadia betting deal with William Hill which will enhance its supporters’ match day experience at Loftus Road, where the company has installed betting facilities for fans. The agreement includes a provision which enables fans to collect their winnings at any of …
US skill-games developer GameCo has announced that its next game designed for its land casino-located video gaming machines will feature the music of DJ and producer Steve Aoki following an agreement on licensing with the celebrity. Scheduled to debut in casinos late summer 2017, the game is inspired by Aoki’s 2014 Neon Future album and …
The Punjab and Haryana high court in India handed down an important finding this week, ruling that daily fantasy sports activity is a skill-based form of gaming and therefore does not constitute gambling. The Times of India reports that Justice Amit Rawal opined that playing fantasy games online requires considerable skill, judgment and discretion, and …
The latest information from Pennsylvania is that the budget funding crisis remains unresolved, mainly due to lassitude or deliberate stalling tactics in the state House. Our readers will recall that the legislature is struggling to find consensus on a funding package to pay for the state budget of $32 billion, where a $2.2 billion deficit …
The UK betting group Coral has confirmed that it has extended for another three seasons its sponsorship and betting partner agreement with Middlesborough football club. Coral will provide a full range of betting services on match days at the club’s Riverside Stadium, and in return it will receive publicity and a brand presence on the …
Sky Betting and Gaming is showing interest in the UK daily fantasy sports market, signing a partnership deal with UK football DFS provider Dribble which will see that company’s product offered under the Skybet brand, and promoted across its diverse platforms. The timing of the deal is sound, with the English Premier League about to …
It appears that the acquisition bid for the Paysafe group (see previous reports) by private equity groups Blackstone and CVC Partners is gathering momentum, with reports that the board of Paysafe is to recommend the latest offer to shareholders, and the consortium agreeing to a consideration of GBP 2.96 billion. That enables the Paysafe directors …
Antigua-based Esports Entertainment Group Inc., a licensed online gambling company with a specific focus on eSports wagering, has announced two key management appointments in preparation for the imminent launch of its eSports betting operations. Stephen Cotugno joins the company as vice president corporate finance. He has extensive corporate finance and investment banking experience over the …
Australian land and online betting behemoth Tabcorp has released its FY 2016-2017 figures, reporting a net profit after tax loss (NPAT) of A$20.8 million following significant items after tax that included AUSTRAC litigation costing A$61.8 million; AFP Cambodia investigation A$1.9 million; proposed merger with Tatts A$53.9 million; Intecq acquisition A$4.9 million; Sun Bets operating loss …
Betfair New Jersey has unveiled the Colossus Fracpot, which it bills as the world’s first cash-out slot, on its New Jersey site. The US company revealed that it has partnered with leading gaming provider Game Account Network (GAN) and cash-out pioneer Colossus Bets, bringing cash-out to the US market for the first time. Where traditional …
Australian business media reports indicate that William Hill plc is “disappointed” with the H1-2017 performance of its Australian subsidiary after operating profit plunged 85 percent year-on-year to just A$1.1 million. The decline is all the more remarkable given a 28 percent rise in amounts wagered in the period to A$1.48 billion, a phenomenon which management …
The recent policy decision by Google to allow UK gambling apps in its online Google Play store (see previous report) has been followed by the news that 888 Holdings has been among the first to take advantage of the new policy. The company has made a range of its gambling brands available for download in …
Nigerian bookmaker Naija Bet was left back-peddling and apologising this week after offering bets on whether the ailing Nigerian president, Muhammadu Buhari, would return to Nigeria from treatment in London. The company claims it did not intend to disrespect the president, and its offer was misinterpreted by the media, saying in a Twitter explanation: “We …
Online and land gambling group Ladbrokes plc has announced a three-year sponsorship agreement with the famous English football club Sheffield United FC. The deal includes Ladbrokes becoming the club’s official betting partner. Ladbrokes has agreed to provide betting services at the club’s 32,000-seater Bramall Lane stadium, and sponsor club shirts bearing its brand, along with …
Maine has become the fifteenth US state to legalise (in this case by default) daily fantasy sports activity after a bill passed by the Legislature expired following a month unsigned on the governor’s desk and automatically entered state law. The original bill passed the legislature in June and classified DFS as a game predominantly of …