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 …
International Game Technology (IGT) attributes an “unusually high comparison base,” record jackpot activity and a poor performance from social business DoubleDown for lack lustre first quarter results. The company reported a net loss of $55 million, adjusted Net income of $59 million, adjusted EBITDA of $371 million – down 19 percent; but reduced net debt …
Aristocrat Leisure is flying high on the back of impressive first half-year results for the period ending March 31, 2017. Net profit after tax and before amortisation of acquired intangibles for the half year was A$272.9 million, representing growth of 49 percent (H1/2016: A$183.2 million). Revenue rose 21.6 percent to A$1.2 billion, while EBITDA increased …
The European Parliament has published an information advisory on The General Data Protection Regulation (GDPR) which comes into effect from May 2018. The GDPR aims to protect all EU citizens from privacy and data breaches in an increasingly data-driven, ever changing world. All companies operating within the European Union will be required to adopt the …
The UK Gambling Commission (UKGC) has released its bi-annual industry statics for the period October 2015 to September 2016. Headline findings identified by the UKGC include: – GBP 13.8 billion total gross gambling yield (GGY) of the Great Britain gambling industry – GBP 4.5 billion total GGY for the remote sector – Remote sector accounts …
Online gaming software supplier Bede Gaming has been awarded ISO 27001 certification by the International Standards Organization (ISO) referencing secure platform provision for operators in global regulated markets. ISO 27001, which is the international standard for information security, was awarded to Bede Gaming following a comprehensive and complete audit in which its platform met ISO’s …
In an industry update Thursday, Fortuna Entertainment Group N.V. (FEG) confirmed the successful execution of its acquisition of Hattrick Sports Group Ltd (Hattrick) after receiving approvals from regulatory authorities and shareholders. FEG has taken ownership of Romanian betting operator, Casa Pariurilor and Croatian operator, PSK, along with Hattrick’s joint venture partnership in Luckia.es. In related …
Sportbetting and gaming group GVC Holdings delivered a strong performance in a first quarter update published Thursday. Key performance highlights for the 12 week period ending March 31, 2017, include: – Sports Brands gross win margin was 9.6 percent (Q1/2016: 8.5 percent) – Sports Brands total net gaming revenue up 16 percent to Euro 1.9 …
Nigeria-focused sports betting operator, Surebet 247, will take a portfolio of virtual gaming products from Betradar live in the market. Betradar’s Virtual Football products will initially go live in over 4,000 Surebet247 retail stores. Other new initiatives will follow the launch, the company’s said. “Betradar has been able to deliver the product to suit the …
Kenyan members of parliament (MP) have rejected the prohibitive 50 percent tax rate on betting companies proposed by the National Assembly’s Finance Committee (see previous reports) last month. “The rate is punitive enough to discourage such activities,” a committee report reads, which was apparently compiled from input received by stakeholders. MP’s have recommended the rate …
British businessman and bookmaker Victor Chandler has announced “He’s back! After a three-year hiatus” with the upcoming launch of an East African-focused sports betting and gaming brand, Bet Lion. Chandler has partnered sportsbook and platform provider FSB Tech for the development and launch of the offer based on the company’s experience in the African market …
Gaming solutions and operations firm, INTRALOT, hailed strong first quarter results driven by its focus on key markets and diversification in products and services. Key performance indicators for the 12 week period ending March 31, 2017 include a 20 percent increase in consolidated revenues amounting to Euro 368 million, Euro 6.8 billion of worldwide wagers …
Latin American online gaming operator Mundi Fortuna has entered into a platform deal with AutoGameSYS (AGS). The full service offer from MundiFortuna.com will join a growing stable of partners on the AutoGameSYS platform providing content for the regulated Latam region. “MundiFortuna.com has an outstanding online offering for the Latam region and we’re proud to be …
Pennsylvania’s HB 271 has progressed quickly this week, passing the Senate Community, Economic & Recreational Development Committeeand the Senate Appropriations Committee yesterday (Tuesday) and now the full Senate today (Wednesday) who voted 38-12 in favor of the iGaming measure for the very first time. The bill will appear before the House again in June, with …
An industry advisory for mybet Holding SE raises its EBIT forecast and cash position following an Euro 11.8 million out-of-court settlement with Westdeutsche Lotterie GmbH & Co. OHG (Westlotto). The company’s new forecast provides an unchanged revenue target of Euro 44.5 million to Euro 47 million, holds out the prospect of an EBIT between Euro …