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 …
The UK-based shareholder advisory group Pensions & Investment Research Consultants (PIRC), which urged Ladbrokes shareholders to revolt on executive pay proposals at the agm last week (see previous report) has shifted its focus to the Betfair-Paddy Power group. Advisories mailed to shareholders single out soon-to-depart chief operations officer Andy McCue’s remuneration package ahead of the …
Online gambling information portals such as Casinomeister and Latest Casino Bonuses have exposed the allegedly pirated use of games from top provider NetEnt, motivated by the need to protect players as well as the industry’s reputation. The portalmasters of the sites conducted independent research in the expose, which accuses Affpower, Conan Gaming Limited and Game …
The giant US sports network ESPN plans to increase its involvement in eSports, with one executive opining that the rise of the new vertical has similarities with that of online poker in its boom years. John Lasker, vice president of programming and acquisitions at ESPN told the publication Tech Insider this week that eSports has …
Sheldon Adelson’s Las Vegas Sands group has again failed in its attempts to remove feisty Clark County Judge Elizabeth Gonzalez as the presiding judicial officer in the company’s acrimonious but revealing wrongful termination litigation with former LVS China chief executive Steve Jacobs (see previous reports). Gonzalez has shown in past court clashes with Adelson that …
Empire Global Corp., a provider of regulated online and offline gambling through its wholly owned ADM-licensed subsidiary Multigioco Srl, posted its Q1-2016 results Thursday highlighting: * Land-based wagering turnover up 131.9 percent at $1,472,198 (from $634,810 in Q1-2015). * Online wagering turnover up 57.9 percent to $26,463,158 (from $16,754,954 in Q1-2015). * Aggregate Net Gaming …
Brazil’s social gaming market leader, Gamesmart, has started distributing Ortiz Gaming video bingo titles under its Brazilian brand Doctor Bingo, starting with the social gaming app Ace Mania, released exclusively on Facebook. Eduardo Tupper, COO of Ortiz Interactive, said in a statement Thursday that the social distribution agreement includes Ortiz titles like Six Bingo, Triple …
Betting on computer simulated competitions in sports like horse and greyhound racing, football and cycling – generically titled virtual sports – is proving increasingly popular with US land casino operators, with Atlantic City’s Golden Nugget the latest to contract the Inspired group’s products, and the Tropikana taking similar horse racing products from Slovenia-based Alfastreet (see …
Missouri lawmakers continued to race against the clock Wednesday on HB1941, a daily fantasy sport legalisation bill which has been broadly approved by House and Senate but is being held up by a difference in annual fee requirements (see previous reports). After a positive vote in the Senate Tuesday night the bill went to the …
Amidst the clash and clamour in the United States of DFS, eSports, sports betting and online poker legalisation, the politicians in Pennsylvania quietly and methodically went about their intrastate online gambling legalisation project this week, with the House Gaming Oversight Committee travelling to Valley Forge Casino Resort to hear the views of interested parties. On …
Wednesday’s much-anticipated Congressional hearing on daily fantasy sports failed to deliver any new developments or fireworks, prompting some political observers to suggest that the underlying motive of the New Jersey introducers may have been to prepare the ground for a campaign for the liberalisation of sports betting in the USA – currently tightly restricted by …
A Royal Panda customer, identified only as 56-year-old Mikael from Sweden, rode a hot streak this week while playing Live Roulette. Mikael’s biggest hit after placing multiple bets was 370,700 kr on a single spin, he ultimately won a total of 1,874,930 kr ($229,764).