Sportech plc’s long-running legal battle over VAT with Her Majesty’s Customs and Revenue looks set to continue, judging by a statement late Friday put out by the company. The statement advises: “Following the announcement on 4 May 2016 that the Court of Appeal found in favour of Sportech in the Group’s appeal case relating to …
A 2012 bid by the Port Edward Island province of Canada to set up an online gambling licensing jurisdiction with the aid of the local Mi’kmaq Confederacy tribal authority keeps coming back to haunt the government, and raised its head again this week. The venture involved a now disputed contractual arrangement with Capital Markets Technologies, …
Shares in Caesars Acquisition Company rose 9 percent after hours Friday following a Wall Street Journal report that successful online subsidiary Caesars Interactive Entertainment (CIE) had been the subject of several acquisition bids, and that the parent group was considering its position. The report claimed that CIE is working with investment bank Raine Group LLC …
The legalisation of online slots in the Spanish internet gaming market last year continues to boost overall performance of the industry, with Q1-2016 results released this week showing year-on-year revenue gains of 32.1 percent. Reporting on the increase, which took GGR to Euro 102.3 million in the first quarter, the Dirección General de Ordenación del …
Serial UK football sponsor 32Red has announced a three-season shirt sponsorship agreement with Leeds United FC which will give the online casino operator access to the club’s fan base, digital communications and brand exposure at the Elland Road stadium. 32Red group CEO Ed Ware commented in a press release Thursday: “We have a proud history …
Swedish online gambling games provider and Cherry subsidiary Yggdrasil Gaming has released an impressive set of Q1 2016 results, highlighting: * Q1 revenues up 519 percent y-o-y to SEK 14.2 million; * EBITDA at SEK 7.9 million (Q1 2015: SEK -0.4 million); * EBIT at SEK 5.5 million (Q1 2015: SEK -1.9 million); * Bet …
The research organisation Newzoo’s latest quarterly update to its Global Esports Market Report predicts that the number of consumers worldwide that are aware of eSports will surpass one billion this year, up 36 percent compared to last year. The study includes data from the company’s recent consumer initiative in April, which embraced North America, Europe, …
Online gambling games and turnkey provider Oryx Gaming has announced that it has signed an agreement to provide Serbian land and online operator BalkanBet with online, mobile and live dealer casino games from a variety of suppliers. Popular games from Oryx’s proprietary library include Anaconda Eye, Sceptre of Cleo and Golden-7-classic, and these will be …
In pre-publicity material promoting its stand at next week’s G2E Asia, online gambling games developer BetSoft has revealed details of a new 3d slot scheduled for release later this year and titled Rise of the Dragon. The game’s theme is based on the story of young ninja Hana, who must rescue her father after his …
The Indian province of Sikkim, the first to legalise online gambling in the country, has awarded an online gambling licence to Golden Gaming International, a company based in the province. In a press release this week the company advises that it has launched online games and betting operations within Sikkim borders, and has “redesigned” an …
Missouri politicians beat a Friday deadline…just…late Thursday, when the House approved the content of the Senate version of H 1941, a measure seeking to legalise and regulate daily fantasy sports. The bill was sent back to the House by the Senate to reconcile differences in annual fee proposals (see previous reports) and has now been …
Speaking at the Brazil Gaming Congress this week, Brazilian lawmaker Herculano Passos predicted that despite the political and economic turmoil in his country progress was still being made on a major gambling reform bill that includes the regulation and licensing of online gambling. Passos revealed to delegates that the final draft of SB 186/2014 should …
The New Jersey Casino Control Commission chairman Matt Levinson had good news Thursday, announcing that Atlantic City revenues (including the online contribution) were up 8.1 percent year-on-year to $215 million in April 2016. Taking out online returns, the increase was still 6.3 percent. Online casinos did especially well, delivering revenues of $14.3 million for a …
The Minnesota intrastate daily fantasy sports legalisation bill that sailed so easily through the state House last week (see previous report) stalled in the Taxes Committee of the state Senate Thursday on opposition from senior lawmakers Sen. Rod Skoe and Senate Majority Leader Tom Bakk. After some discussion the author of the bill, Sen. Sandy …
MyBet Holdings, a Frankfurt-listed online and retail gambling firm, has reported continuing losses in its Q1-2016 numbers released Thursday. The company reported overall revenues down 11 percent at Euro 14.9 million, with group sports betting revenues down 10 percent to Euro 8.2 million, but a bigger decline than that in online sports betting (down 38.7 …
The Slotland online casino has announced the launch of its latest proprietary game, a video poker offering titled Double Bonus Poker which is a variant on the Jacks or Better theme, but with higher pay-outs for four-of-a-kind, especially four Aces. With increased wins for all four-of-a-kind hands and big payouts on four-of-a-kind Aces, Double Bonus …
The Swiss land casino industry has reported a 4 percent year-on-year fall in revenues to S.Fr.681 million in 2015, the eighth consecutive year in which the industry has experienced a decline. The latest decline is expected to renew demands by gambling interests that the government do more to protect the industry, which contributes to the …
Reports circulating late Thursday are that Euro Partners, a prominent affiliate management firm for Playtech powered operations, exited the Canadian market on May 1 after advising affiliates that its operators will no longer be accepting business from Canada or Australia. No reason was given for the withdrawal, according to the reports, which has triggered some …
Online games and software developer NYX Gaming Group has strengthened its position in the Italian regulated gaming market through the launch of digital casino content via the Game360 platform with Eurobet.it, a leading sportsbook operator. NYX’s Italian gaming operation, Game360, delivered a wide selection of casino games to Eurobet.it from the company’s proprietary portfolio and …
Becoming a new dad and buying a home can be costly but for one lucky Londoner the problem has been solved with a progressive jackpot win of almost £3 million at mobile casino LeoVegas.com. The 36 year-old winner, who wishes to remain anonymous, is now planning to use his windfall to buy his first home …
The Rank Group plc has released its 19 week results, noting that the new Bede Gaming platform integrated by Grosvenor Casinos enabled that division to grow revenues by 35 percent, but that problems on the bingo operations saw the Mecca Bingo division revenues decline by 5 percent. Total digital revenues grew 6 percent, which helped …
The Ben-Yitzhak brothers, Israelis who with the Shaked family co-founded the highly successful online gambling group 888, have sold off some of their shares for GBP 57 million, according to the Financial Times. The sale was affected through Investec Securities at 205p a share and reduces the family trust’s holding in 888 from 10.4 percent …
The Cherry online and land gambling group has posted its Q1-2016 results, highlighting the following achievements: * 86 percent growth in revenue at SEK 177.5 million and a positive EBITDA of SEK 25.6 million; * Online contributes 78 percent (Q1-2015: 63 percent) of group revenue; * Profitability improved with after tax profit at SEK 17.5 …
Sky Betting and Gaming’s commercial graduate recruitment scheme has proved an attractive proposition for hundreds of well-educated young people, with 1,900 applications for involvement received over the past month, the company has revealed. More than 120 applicants were recorded for each of the 16 disciplines within the firm’s financial, administrative, research and operational teams, prompting …