Kenyan Parliamentarians reversed a decision Tuesday, that would have raised betting taxes to a punitive 50 percent. The decision approved late last week was revisited after majority leader of the National Assembly of Kenya, Aden Duale, invoked provisions of Standing Orders to return four sections of the Finance Bill, 2017 back to Parliament for a …
The Purple Lounge debacle has raised its head again, this time customers who allege they are owed “millions of pounds” and were the victims of regulatory failings have begun a fund raising initiative on crowdfunding platform crowdjustice.com to fund a class suit against the former directors and owners of Purple Lounge parent company, Media Corporation …
May has been a busy month for Olympic Entertainment Group (OEG) as it undergoes an extensive business restructure. The company liquidated its Belarusian subsidiary Olympic Casino Bel IP and demerged its Lithuanian subsidiary UAB Orakulas into two entities, Orakulas and UAB Orakulas Services. The split separates OEG’s online technology platform and trading and risk management …
B2B software supplier, GAN (Formerly GameAccount Network), has reported gains in net revenue of 30 percent but losses persist the company showed in its 2016 Fiscal report for the twelve months ending December 31, 2016. Key performance metrics for the period include: – Net Revenue of GBP 7.8 million (2015: GBP 6.0 million) an increase …
Swedish slots supplier Play’n GO has licensed its content to gaming system developer Multiloteri as an exclusive solution on Multiloteri’s MLT one™ system, which allows players to game in licensed venues from a tablet, linked to a base terminal. Multiloteri’s MLT one™ system will integrate a range of Play’n GO’s HTML5-built gaming titles, including Energoonz, …
GVC Holdings brands bwin, party casino, party poker and Sportingbet, among others, will go live with Red Tiger Gaming titles following the signing of a content supply deal this week. Part of the deal includes the integration of Red Tiger Gaming’s Smart Spins promotional tools delivered to players through in-game dialogue. “We are extremely confident …
CIS-facing gaming operator EscapeBET has partnered Habanero Gaming for the integration of a suite of its slot and table games. Habanero considers the deal significant as it expands its content and boosts its visibility in the Commonwealth of Independent States (CIS) comprising former Soviet Republics: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and …
All conditions relating to OpCapita’s GBP 83 million acquisition of Sportech PLC’s The Football Pools business have been met with the award of a gambling license from the UK Gambling Commission. Following this development, Sportech PLC said it expects the completion of the transaction before the end of June 2017. “This is a significant step …
The Esports Integrity Coalition (ESIC) and the UK Gambling Commission (UKGC) will collaborate following the signing of a Memorandum of Understanding (MoU) covering the detection and reporting of betting anomalies in the ever-popular and growing eSports sector. The ESIC will work together with the UK Gambling Commission’s Sports Betting Intelligence Unit (SBIU) in identifying potential …
Quickspin’s latest release is a 5-reel, 25-payline videoslot based on the classic fairytale, Goldilocks and the Three Bears. The new videoslot, “Goldilocks” offers Wilds and Multiplier Wilds, the latter adds a multiplier to the total win, and also acts as a Wild symbol. Three Multiplier Wilds will award a 4x multiplier. Landing three Goldilocks Scatter …
Considered a key judgment, the British Court of Appeal has upheld a lower court’s ruling that the UK Gambling Commission is entitled to refuse operating licenses to applicants, regardless of their suitability, if it deemed the operation would be inconsistent with the licensing objectives. The ruling refers to retailer and brewer Greene King who applied …
Vietnamese authorities have smashed an online football gambling ring in Thanh Hóa Province, arresting ten suspects and seizing two vehicles, 2 laptops, sixteen mobile phones, VNĐ461 million (US$20,400) and other gambling related documentation. According to a Police statement, the illegal gambling operation had taken VNĐ1.4 trillion ($62.2 million) in wagers since the beginning of this …
A proposal to raise online betting taxes seven-fold will go under review in the Kenyan Parliament this week. Our readers will recall a proposal announced by Kenyan Finance Minister Henry Rotich last month increased the existing 7.5 percent betting tax on gross profit to a punitive 50 percent. The proposal received widespread backlash from industry stakeholders …
The Gibraltar Government, reacting to speculation on the reasons for Paddy Power Betfair’s (PPB) relocation of its office from the Rock (see previous report), said it would adapt to ensure its leading position as an iGaming jurisdiction amid conjecture that the bookmaker’s move was fueled by Britain’s impending exit from the European Union (BREXIT). PPB …
The Netherlands gambling authority, Kansspelautoriteit, has introduced new criteria in its fight against illegal online gambling, not only focusing on the operator itself but, from June 1, 2017, on the software suppliers and entities powering or supporting illegal online gambling operators that target the Dutch market, including payment service providers and advertisers. The Kansspelautoriteit already …
NYX Gaming Group’s development studio, NextGen Gaming, has released its newest 5-reel, 15-payline slot, “Shangri La”, across NYX OGS. This new fast-paced, Eastern Asian adventure is set in the legendary valley of Shangri La offering beautiful graphics and bountiful features. There are seven bonus features. Three in the base game with added Wilds, Wild Reels …
Vancouver-headquartered Global Daily Fantasy Sports Inc. (Global) has acquired daily fantasy sports (DFS) operator MondoGoal Limited’soperating assets for a consideration consisting of a combination of a cash payment plus common shares of Global having a value equal to net gaming revenues from the purchased assets over the next three years. The agreement covers Mondogoal Limited’s …
In the first representative look at gambling behavior in New Jersey since the 1980s, a Rutgers University study reveals problem gambling levels are four times the national average. The study by Rutgers-New Brunswick’s Center for Gambling Studies at the School of Social Work, which surveyed 3,634 adults both by telephone and online, found that 70 …
Online gaming operator, Stride Gaming plc, has launched a new B2B division, Stride Together, which will license the company’s proprietary platform to gaming operators, media partners and retailers in the UK and internationally. Its first client, UK Gaming operator Aspers Group, is set to launch online in the fourth quarter of 2017 utilizing Stride’s proprietary …
The South African Government’s Department of Trade and Industry (DTI) sent a strong message to the public this week regarding illegal online gambling when it petitioned the Gauteng High Court to confiscate several online punters winnings following an investigation by the country’s National Gambling Board (NGB). Despite online gambling being illegal in South Africa, a …
Paddy Power Betfair will shutter its Gibraltar office and relocate its operations, GBC News reports. The gaming giant is reportedly closing the office following a consolidation review post merger in which it seeks to simplify and centralize operations. According to the report, Paddy Power Betfair Gibraltar employees, estimated at around 20, will be offered relocation …
China-situated online sports lottery provider, 500.com, has entered into an acquisition agreement for a 93 percent stake in Malta-headquartered The Multi Group Ltd (Multi Group) for Euro 49.8 million. Multi Group operates Curacao-licensed online lottery betting company Multilotto.com. Multilotto has a strong and balanced customer portfolio that has created a solid foundation for its expansion …
A new proposal in New Jersey’s fight to legalize sports betting was submitted to the legislature Thursday on the back of a discouraging recommendation from the Acting US Solicitor General on overturning the Professional and Amateur Sports Protection Act of 1992 (PASPA) which the State hopes the Federal Supreme Court will select to hear on …
William Hill’s US operations has become the first sports betting operator in the US to be approved to accept wagers on the NBA Finals Most Valuable Player Award. The Nevada Gaming Control Board (NGCB) today (Thursday) authorised William Hill to offer the market through its 109 Nevada sportsbooks and on the Mobile Sports app. “We …