GIG’s online marketing subsidiary Innovation Labs has announced an agreement to acquire affiliate website Casinotopsonline.com for a consideration of Euro 11.5 million – the company’s largest acquisition to date as it moves to strengthen its position in Europe. The acquisition includes the website Casinotopsonline.com and all related assets. Current yearly revenue run-rate of the acquired …
According to a Reuters news agency report Friday Austrian gaming technology giant Novomatic is mulling an IPO in London or Frankfurt, assisted by the Australian investment banking group Macquarie. The report notes that such a move could value the company at Euro 6 billion, and that banking mandates will likely be awarded later this month. …
The innovative Malta Gaming Authority’s Controlled Skill Gaming licenses, which provide a lower level of regulation at the social gaming-gambling overlap, are proving popular. The Authority defines such games as those where skill is a predominent factor, but in which there remains an element of chance. DFS giant DraftKings was the first to avail itself …
The Amaya online gambling group has followed its long term debt refinancing deal earlier this week (see previous report) with a statement Friday advising that it plans to sell off its remaining 8.18 share stake in former lottery subsidiary Innova Gaming Group in order to free up more capital. The shares represent Amaya’s 40.6 percent …
International Game Technology’s FY-2016 results are out, with revenues up but the disappointing downturn in its social online gaming asset Double Down continuing. Highlights of the report include: * Reported revenue up 10 percent y-o-y at $5.2 billion; * Operating income up an impressive 22 percent to $660 million; * Adjusted income up 12 percent …
Struggling Philippines online gambling group Philweb has announced that it has signed an agreement with Philippine Amusement and Gaming Corp. (Pagcor) to acquire 15 online operations for a consideration of 7.5 million Philweb shares. In a stock exchange advisory, the company noted the shares used in the transaction are part of the 354.6 million shares …
Tabcorp’s US-based subsidiary, Sky Racing World, which distributes southern hemisphere racing to the Americas, has announced an extended partnership with California-based television and horserace wagering website TVG that has already started to deliver increased TV coverage of Australian racing on TVG and TVG2. Sky Racing World provides Australian horse-racing content for simulcast wagering to the …
Changes at Affiliate Edge, a formerly respected and award-winning online casino group trading for the last decade as the Club World Casino group, are creating increasingly large ripples in the affiliate marketing community as evidence of de-tagging players referred by affiliates surfaces, prompting growing numbers of affys to remove their links to the casinos in …
The board of William Hill plc finally announced Friday that interim CEO Philip Bowcock is confirmed in post as the permanent chief executive of the group. Originally the group chief finance officer, Bowcock was elevated to interim CEO when James Henderson quit in July last year (see previous report). William Hill chairman, Gareth Davis said …
The online gambling feuding in the Philippines continued this week as the Senate wound up its extensive enquiry into the online gambling affairs of Macau mogul Jack Lam, and the Philippine Amusement and Gaming Corporation (Pagcor) alleged that “the government has been losing at least P6 billion annually from unregulated online gaming franchises granted by …
Thursday saw the conclusion of the extensive Philippines Senate enquiry into the Jack Lam affair, in which members of the panel had to sift through a morass of bribery and corruption accusations and counter-accusations against senior government figures, foreign operator and gambling mogul Jack Lam and a so-called “facilitator” of an alleged P50 million bribery …
The convoluted and confusing legislative position regarding German sports betting regulations is no nearer solution despite the submission to the European Commission of a second proposal by the nation’s provinces. In a statement this week the EC observed that the proposals do not present a viable solution to the issue, which has seen significant expenses …
Isle of Man-based lottery betting operator Annexio has announced it has been granted a licence to operate in Ireland, allowing players in the Irish Republic to try their legendary luck on Annexio’s stable of online lottery games, including the US Powerball with its potential to reach jackpots of over $1 billion. Annexio General Counsel Paul …
Online casino operator Mr Green has confirmed that it has taken on board a suite of over 150 HTML5 games from developer Pragmatic Play. The deal allows Mr Green access to slot games for mobile and desktop, ranging from the latest release Queen of Gold to Hot Safari, Mighty Kong, Magic Crystals, Sugar Rush, Lady …
Daily fantasy sports, legal in the state of New York for the past five months, has performed as anticipated, with local residents spending $180 million in entry fees, according to figures from the New York Gaming Commission issued in an “interactive fantasy sports summary” earlier this week. That figure is around 10 percent of all …
Edgeless, the Lithuanian online casino start-up that proposes to do away with the traditional house edge, has reportedly raised a million dollars in its first week of crowdfunding on the Crowdsale site, enabling the company to start development work. Edgeless said in a statement reporting the successful funding that it intends to establish a space …
Live dealer provider Evolution has announced that its latest game, Double Ball Roulette, is now live with operators. Double Ball Roulette features two balls with the possibility of two winning numbers from a single spin, and has been developed by Evolution in partnership with Games Marketing. The game offers three types of bet: * Inside …
Severin Rasset, director of poker innovation and operations for PokerStars, has given more detail on his “All Stars” concept – a new rake-free, month-long cash game challenge designed to find the best cash game players in the world. Pokerstars is investing $100,000 in leaderboard rewards on the project, and eligible players will be emailed in …
The organisers of ICE Totally Gaming have announced that this year’s Pitch ICE award for innovation has gone to 1SpinMillionaire, a “simple proposition” that offers free 1SpinMillionaire tickets with every bet on a game on a participating website. The lottery and jackpot retention start-up had previously won the EiG Launchpad award last October, again despite …
International Game Technology plc has announced the appointment of Heather J. McGregor (54) as an independent director to the group’s board effective March 8, 2017. “Heather’s global perspective and years of experience in talent acquisition and finance, along with her commitment to diversity and board experience, will be valuable additions to the expertise of our …
GalaBingo.com is premiering its new TV advert this week, featuring a 20ft bingo cake, a marching band and a bingo buggy. Created by creative agency, Cravens, and filmed in February, the new advert is to be screened on ITV, ITV Be and Channel 5 from 10th March. Cravens has been working with GalaBingo.com since 2014, …
A group of Pennsylvania Republican Party senators, Sens. Thomas Killion, Guy Reschenthaler, Camera Bartolotta and Patrick Stefano has filed a companion online gambling legalisation measure to HB392, an extensive intrastate gaming reform bill introduced in the Pennsylvania House of Representatives a month ago and currently with the House Gaming Oversight Committee (see previous reports). The …
It may be a while yet before the Australian Competition and Consumer Commission (ACCC) publishes its opinion on the proposed A$11.3 billion merger between gambling groups Tatts and Tabcorp, judging by a statement from the Commission Thursday. The statement by ACCC chief Rod Sims notes that the Commission is examining the implications and notes: “The …
Michigan Senator Mike Kowall’s online gambling legalisation bill SB203, filed earlier this month (see previous report) has made rapid progress, passing throught the Senate Regulatory Reform Committee and advancing to the Senate for consideration on a vote of 7 to 1. The bill continues Kowall’s efforts last year, which ran out of time, and has …