The announcement Friday that the respected Scientific Games CEO Gavin Isaacs has handed the reins over to former Norwegian Cruise Lines chief executive Kevin Sheehan (see previous reports) had an unintended and immediate consequence…the group’s share price dived 16 percent in Friday trading. Analysts attributed the plunge to investor concerns that Sheehan, whilst an accomplished …
One of the main player attractions of the cyber-currency Bitcoin is probably the anonymity of transactions in which it used, but that could become a thing of the past according to an article in Gaming Tech Law this week. The piece points to a European Commission-sponsored anti-money laundering initiative calling for the creation of a …
Online gambling games supplier Oryx Gaming has enhanced its inventory with another three new games from the Gamomat studios following the success of 15 previous additions. The trio of new offerings, which are compatible with both desktop and mobile devices, includes the online version of the German land-based classic Super Duper Cherry, along with Sticky …
The Royal Panda online casino has announced unfortunately very brief details of the extraordinary good fortune of one of its players over the period of a single week, reporting that just a few days after joining the casino a player identified only as Scott scored a GBP 125,000 win. The press release does not indicate …
English Premier League football club Chelsea has announced that online and land gambling group William Hill plc is its new official betting partner in a three-year agreement. The bookmaking firm will host Chelsea’s match day betting service at Stamford Bridge, allowing fans to place bets on match days and collect winnings from any one of …
Leeds, UK-based Sky Betting and Gaming’s grand design to train and employ top technology students from northern universities in Bradford, Leeds, Hull and Sheffield in its own academy (see previous reports) kicked off for real this week when 27 technology graduates reported for duty at the Sky Software Academy in Leeds. The courses embrace four …
Sportech plc subsidiary The Football Pools has inked an agreement to offer the BetUp second-screen live betting game from Commologic, bringing in-play betting to its punters for the first time. BetUp will be rolled out across desktop and mobile in time for the new English Premier League football season, with a mobile app to follow …
The major Australian retail and digital betting group Tabcorp’s latest FY-2016 results published earlier this week (see previous report) illustrate the growing importance of the digital channel to Management, Whilst retail revenues declined a percentage point to A$6.5 billion, digital turnover rose 12 percent to $3.8 billion, with two thirds of that generated through mobile …
Scientific Games Corporation announced Friday that Kevin M. Sheehan, former Chief Executive Officer and President of Norwegian Cruise Line, has joined Scientific Games as the company’s new CEO and President, and will serve on the company’s board of directors. Current Scientific Games CEO and President Gavin Isaacs will become Vice Chairman of the board of …
The football team that put Leicester City FC at the top of the English Premier League earlier this year, crushing all before them, received an added bonus this week from a delighted club owner, Thai businessman Vichai Srivaddhanaprabha…. a GBP 100,000 BMW i8 luxury sports car apiece. The nineteen cars, all painted a glossy blue …
San Francisco-based social gaming developer and operator Zynga’s latest quarterly (Q2-2016) shows that the company continues to incur losses, albeit at a slower rate than before…but that online gambling-related games like Zynga poker and Wizard of Odds and Hit It Rich slots are still delivering impressive percentages of the company’s revenue at 19, 15 and …
UK Championship football club Derby County has announced that Coral will be its official betting and gaming partner until the end of the 2018/19 season. The betting group will receive full sponsorship privileges from the club at its iPro Stadium on match days, including the provision of gambling facilities. In addition Coral will provide online, …
Rock ‘n Roll rules again early in September, when the latest game in the NetEnt Rocks series – Motorhead – is scheduled for release. The game is themed on the famous band led by the late great Lemmy Kilmister and comes replete with rock concert footage and plenty of noise. The game is a 5-reel, …
Despite indications that the UK Gambling Commission has approved the use of cyber-currencies like Bitcoin by its licensees, the Malta regulator is taking a more cautious approach and for now will monitor the industry whilst considering possibilities in collaboration with banking and financial authorities. The chief of the Malta Gaming Authority regulatory body, Joseph Cushieri …
The UK online and land gambling group William Hill plc has posted disappointing H1-2016 results in the wake of last month’s sudden departure of CEO James Henderson. Characterising the first half as “challenging, interim CEO Philip Bowcock revealed that the company’s key online vertical (it makes up a third of the business) had seen revenue …
In a fast-moving sequel to Philippines president Rodrigo Duterte’s unprecedented attack on “oligarchs” in general and Roberto Ongpin in particular (see previous report), Ongpin has resigned as chairman of online gambling provider Philweb. His resignation comes after the company’s share price plunged 63 percent in the wake of presidential threats against online gambling and vows …
The release of Tabcorp’s financial results this week (see previous reports) was accompanied by another attack on the lower tax levels enjoyed by online operators when CEO David Attenborough criticised what he claims are the gross under-taxation levels enjoyed by online companies licensed in the Northern Territory of Australia. “They are the lowest-taxed providers of …
Amaya’s online sports betting subsidiary BetStars has announced a new deal to become Official Betting Partner of reigning English Premier League football champions Leicester City Football Club for the 2016/17 season. Under the terms of the new deal, Betstars will receive a full suite of rights, including LED advertising and fixed stadium branding, the use …
Australian media reports Thursday indicate that the provincial government of Western Australia may be thinking about following the example of South Australia by hitting online gambling operators with a 15 percent on revenue point-of-consumption tax. The tax would include bets on horse, harness and greyhound racing, along with sports betting such as AFL, cricket and …
The latest online slot from Playtech is themed on the historic plains of North America and the once-great herds of buffalo and other wild life that once roamed there (actually the correct term is bison). Titled Buffalo Blitz, the game is a six reel slot with four rows and 4096 ways to win, and offers …
Major Australian gambling group Tabcorp gave investors a shock Thursday when it released its FY 2015-2016 results, reporting a 49.3 percent year-on-year plunge in net profit at A$169.7 million (2014-2015: A$334.5 million.) Overall, revenue climbed 1.5 percent to A$2.19 billion, whilst operating expenses rose 2.2 percent in 2015-16 to A$378 million. The company attributed the …
A New York state bill defining daily fantasy sports as a game of skill which was passed in June this year (see previous reports) has finally been signed into law by Governor Andrew Cuomo….in time for the NFL season for relieved operators. The bill gives the New York Gaming Commission the responsibility of monitoring and …
The UK online and land gambling group Ladbrokes has published its unaudited interim results for the half-year ended 30 June 2016, reporting a performance ahead of expectations despite a tough and competitive environment. Highlights include: * Group operating profit up 61 percent at GBP 52.3 million – ahead of management’s expectations; * Strong free cash …
New Philippines president Rodrigo Duterte has already shown that he pays little heed to diplomatic or politically correct language; lashing out at corruption and publicly declaring his desire to do away with online gambling in comments that have hammered the share price of companies involved in the vertical like Philweb (see previous reports). Philweb, or …