Casinos Austria AG and Austrian Lotteries Group, the part-state owned entity currently the target of a partial takeover by Novomatic and Czech investment firm SAZKA Group, posted a record Euro 100.5 million (2014: Euro 69 million) almost doubling operating profit despite a decline in revenue to Euro 3.599 billion (2014: Euro 3.6 billion). Net profit …
William Hill Plc’s investment of GBP 80 million in the form of a note redeemable in cash or shares in NYX Gaming Group supporting the acquisition of Openbet (see previous report) along with a further GBP 10 million in equity in NYX and a 10-year commercial agreement secures the company’s existing technology platform and establishes …
Bitcasino.io, which claims to be the world’s first legally licensed and regulated Bitcoin-only online operator, has released some impressive numbers from its Full Year 2015 activity. Highlights include: * 1370 percent year-on-year turnover increase in 2015, with stakes of over Euro 50 million by end December 2015; * Largest single win of 274 Bitcoins (Euro …
Catena Media, a Stockholm Nasdaq-listed affiliate marketing company, has announced that it has inked an agreement to acquire online gambling information and affiliate portal AskGamblers.com for Euro 15 million. The deal is Catena’s third major strategic acquisition this year. Gibraltar-based AskGamblers is a high profile online information site which also assists players with complaints against …
TradaGames (IOM) Limited has advised players at its Trada Casino that effective April 8 it will be focusing on its UK Gambling Commission licensing and relinquishing its Isle of Man Gambling Supervision Commission licence. The company did not give reasons for its decision in an email to players which advised: “We have recently taken the …
The confiscation of Cheltenham horseracing winnings by Isle of Man licensed online sports books 138.com, 12Bet, Fun88.co.uk and TLC Bet is being investigated by the Isle of Man Gambling Supervision Commission, the regulator confirmed Monday. The bookmaking companies have claimed that they seized winnings due to “suspicious transactions” (see previous reports) In a statement, the …
The chief executive and founder of the independent industry body Senet Group, Ron Finlay, has resigned saying: “Now feels like the time for someone new to take it on the next step of the journey.” “Senet Group has been on an amazing journey in the last 18 months. We have taken the idea from a …
Stockholm-based games developer Quickspin will provide a full suite of desktop and mobile video slots to platform provider Iforium as well as a series of promotional tools that include its Feature Trigger and Flexible Free Rounds. A range of QuickSpin’s top performing titles, including new releases, Second Strike, Genie’s Touch and the forthcoming title The …
NYX Gaming Group through NYX Digital Gaming Limited, a newly incorporated, wholly owned subsidiary of Holdco, along with co-investment partners William Hill Plc and Sky Betting & Gaming (SkyBet), have put industry speculation to rest with the announcement of the acquisition of OB Topco Limited, more commonly recognised as Openbet. NYX and its co-investors will …
Online sports betting operator MyBet has announced a sponsorship deal that will see it supporting the Ghana Premier League football club Sekondi Hasaacas FC. The financial terms of the sponsorship were not disclosed, but the company has revealed that it has an option to renew on a season by season basis. The deal carries the …
The Canadian online gambling group Amaya Inc. both attracted and repelled investors during the fourth quarter of 2015, recently published details from stock exchange records reveal. Investment management group Echinus Advisors scooped up 1,118,300 additional shares in the company during the fourth quarter, bringing the fund’s holdings to 2,408,800 shares – 12.41 percent of its …
The remarkable story that is the soaring Leicester City football club in the English Premier League continued this weekend when the dream team beat Southampton 1 vs. 0, consolidating its seven-point lead over Tottenham Hotspur at the top of the league table. Online and land gambling group Ladbrokes said at the weekend that the gap …
567 computers, along with other evidence, was seized by police in Virginia late last month following investigations into so-called “retail bidding” companies, the latest ruse used by former internet cafe gambling providers to find workarounds in state anti-online gambling laws. The most recent raid was carried out on a recently opened 10,000 square foot “retail …
On a slow news weekend the Quebec provincial government’s attempts to shield its online gambling enterprise Espace Jeux from competition again hit Canadian media headlines, which was surprising given that there was little that was new in the reports. Nevertheless, it does no harm to air again the reasons why experts feel that ISP blocking …
Malaysian police in Johor Baru Selatan arrested four individuals in their latest online gambling suppression raid Saturday. District police chief Assistant Commisioner Sulaiman Salleh said that following a tip-off from the public, a police team raided an online gambling den above a restaurant in Jalan Maju around 7pm, arresting four individuals on illegal gambling charges …
Sheldon Adelson’s Las Vegas Sands operation in Macau faces more legal problems following a Macau court ruling this week that litigation by a former partner can proceed despite an LVS bid to dismiss the case. Launched by Taiwanese businessman Marshall Hao’s company Asian American, the lawsuit seeks billions of dollars in damages and accuses LVS …
Garth Kimber, a former head of e-gaming for the Isle of Man and now CEO of online gambling group TGP Holdings, responded Saturday to accusations that his company was confiscating the winnings of punters who successfully bet on Cheltenham races (see previous reports). Kimber was responding to enquiries from the local newspaper Isle of Man …
Last month’s Cheltenham horse racing festival was bad for bookies, but in some cases their situation is being worsened by wide newspaper and Twitter publicity on their questionable seizure of winnings from online punters. Mainstream newspapers across the British Isles have taken up the story after interviewing a number of angry online gamblers who won …
The Pune, India and London-based independent testing company SQS has announced its successful approval by the UK Gambling Commission. The approval followed completion of a two-stage process that involved satisfying the Commission’s integrity and independence checks, whilst successfully obtaining ISO 17025 accreditation to cover the scope of the Commission’s technical standards and specifications.
Online gambling group Mybet has posted a significant FY-2015 loss, with net profit of Euro 215,000 in 2014 developing into a loss of Euro 8 million this year following an “array of challenges.” Revenue fell across the company’s casino, poker and sports betting businesses, although there was some pick up on horseracing wagers. CEO Zeno …
Its taken five months since the Dutch Council of Ministers gave its approval (see previous reports), but the merger of Dutch national lottery operators Staatsloterij and De Lotto was completed this week. The two organisations will initially maintain their brand identities on products like Toto, Lucky Day, Krasloten, EuroJackpot and Miljoenenspel, with the combined group …
The Greek online and land gambling group OPAP has posted its FY-2015 numbers, noting that despite regulatory and tax “restrictions and uncertainties” the company recorded 1.6 percent growth in GGR to Euro 1.4 billion on wagers of Euro 4.3 billion, with the pay-out percentage flat at 67.1 percent. EBITDA rose 8.8 percent year-on-year to Euro …
Australian online gambling group CrownBet in collaboration with Fox Sports has announced the launch of its first daily fantasy sports operation titled Draftstars, celebrating the event as the first business-to-business deal for the Sportech-owned DraftDay platform. A statement from the companies advises: “Fox Sports Australia has teamed with CrownBet to launch Draftstars, offering Australia’s biggest …
Amaya management must be breathing a sigh of relief following the news today (Friday) that the New Jersey Division for Gaming Enforcement has renewed the transactional waiver that enables it to operate for a further six months whilst its full licence remains under consideration. In a three week period filled with bad news for the …