The recently merged Paddy Power Betfair plc online and land gambling group announced Wednesday that following the completion of the merger in February, the chief operating officer, Andy McCue, is to leave the group and will cease to be a director on 30 April 2016. McCue was CEO of Paddy Power plc from January 2015 …
On Tuesday the Maryland state Senate gave preliminary approval for two bills on daily fantasy sports; one putting the acceptability of DFS on the state ballot in November for the residents of Maryland to decide, and the other supporting the state Attorney General’s opinion that DFS is illegal in the state unless it is approved …
A daily fantasy sports regulatory bill currently stalled in the Missouri state Senate proposes a hefty 21 percent tax rate on revenues – the same rate applied to gambling operators in the state. Senator Scott Sifton’s SB 1131 is currently stalled in the Senate Progress and Development Committee after a hearing scheduled for March 9 …
The online casino subsidiary of Danish land gambling group Tivoli AS has announced that it is to shut down its international online casino next month, although the Danish-dedicated operation Tivolicasino.dk remains successful and will continue to serve Danish players. Commercial director Elisabeth Milton Hemmingsen explained that whilst expanding Tivoli’s successful Danish internet casino operations to …
Australian land casino operator Crown Resorts is showing interest in the booming eSports vertical, announcing this week that its Melbourne venue is to host a Call of Duty tournament on April 9 and 10. This is the casino company’s second excursion into the eSports field following the Crown Invitational, which matched Aussie teams against those …
Following DraftKings and FanDuel’s suspension of daily fantasy sports action for New York State customers, Yahoo! has followed suit with the withdrawal of its recently launched daily fantasy sports offer from the market pending the outcome of legislative action initiated by New York State Attorney General Eric T. Schneiderman (see previous reports).
Spread betting firm Sporting Index has hard launched its first Live Casino from Evolution Gaming and fixed-odds Casino games provided by Microgaming, NetEnt and IGT, following a period of beta testing. The company said the new products had been launched after significant customer demand marking the first non-spread based games to be offered by Sporting …
Trilantic Capital Partners Europe (TCPE), the controlling shareholder of Gamenet S.p.A. (Gamenet), and Intralot Group have entered into a Memorandum of Understanding (MoU), that will see the merge of the Intralot Group’s Italian activities into Gamenet, a leading VLT and AWP concessionaire and retailer in Italy and a betting and online operator. On completion of …
Gaming Innovation Group Inc. (GIG) said it had achieved a milestone in fulfilling its ambition to offer a leading platform for sportsbook with the acquisition agreement to purchase sports betting tech company OddsModel AS. GIG said it will gain a “team of top class experienced traders whom are sourcing the very best information and data …
Gaming software provider GAN will look to raise gross proceeds of around GBP 3 million through an issue of new Ordinary Shares at a price of 28 pence each. The company intends using the proceeds to fund its continued expansion of real-money regulated gaming and simulated gaming in the US. GAN’s focus in 2016 will …
888 Holdings hailed a successful year despite reporting an almost 50 percent dip in full year 2015 operational profit which the company directly attributed to increased tax burdens. Key performance indicators for the period ending December 31, 2015 include. – Like for like revenue increase of 12 percent to $507.7 million (2014: $454.7 million); reported …
Italian operator Eurobet has rolled out a full suite of mobile and desktop content from Play’n GO. The content integration gives Eurobet customers access to popular Play’n GO titles including Gemix, Jewel Box, Lady of Fortune and Energoonz. “Italy is a tremendously important market for us, and we’ve laboured hard and long over a period …
Online gambling group GVC Holdings plc has announced the appointment of Liron Snir to the newly created role of Chief Product Officer of the merged GVC-Bwin group. Snir was formerly vice president of product and strategy at Playtech plc and is respected as a product and technology expert in the online gaming industry, where he …
The South Korean National Police Agency revealed in a press statement Monday that two men alleged to be the operators of an illegal and as yet unnamed online gambling website have been arrested and the business shut down. Police spokesmen claimed that over the eighteen months the financial betting site had been in operation it …
In the drive to legislate for or against daily fantasy sports across over 30 US states, the influence of tribal gambling interests is rapidly becoming a key element, and has resulted in pauses in at least two states. The reason lies in the gaming compacts which many state governments have agreed with tribal gambling interests …
A mandatory stock exchange declaration Monday revealed that Artemis Investment Management LLP , acting on behalf of discretionary funds under management, has accumulated 20,127,909 Ordinary 138/9p shares, representing 5.15 percent of the total voting rights in the UK online and land gambling group Rank plc.
NetEnt has struck a deal with Global Merchandising Services for the third licensed rock band to complete its Rock Trilogy of slot games. Iconic band Motörhead and its renowned “Ace of Spades” track will theme the third release in the series that currently comprises Guns n Roses and Jimmy Hendrix. The new slot title “Motörhead: …
Daily fantasy sports companies DraftKings and FanDuel will cease real-money fantasy sports offers to residents within New York State after reaching an agreement with New York State Attorney General Eric T. Schneiderman that will see a halt in operations in return for an expedited path to resolve pending litigation. “As I’ve said from the start, …
Cherry AB has named Gunnar Modalen as Head of Investor Relations & Communications and a member of the group management team in preparation of its upcoming listing on Nasdaq Stockholm later this year.
Mobile gaming operator LeoVegas has commenced trading on the Nasdaq First North Premier in Stockholm (see previous reports). “The market for mobile gaming entertainment is still in its infancy,” Gustaf Hagman and Robin Ramm-Ericson, founders of LeoVegas said. “We want LeoVegas to lead the way in into the mobile future. We strive to spearhead technology …
Betconstruct entered into content supply deals with Pariplay Ltd. and Evolution Gaming this past week. In the first, PariPlay will integrate its complete portfolio of online slots, instant win, scratch cards and bingo games with BetConstruct’s Casino Suite Software solution providing online casino operators with around 2,000 different casino games that include content from top …
Interactive gaming firm NetPlay TV plc has posted full year 2015 results for the year ended December 31, 2015 reporting a decrease in net revenue despite a 14 percent increase in active depositing players. Key performance indicators for period include: – Net revenue of GBP 26.3 million (2014: GBP 27.4 million) – Adjusted EBITDA of …
Online slots and table games provider Habanero has signed an agreement to distribute its products through Philippines-based Softec Digital. The company’s 50 or more slots, six table games, and 10 video poker titles will now be available via desktop and mobile to Softec customers. Nic Ioannoy, CEO of Habanero, said he was delighted to have …
Malaysia’s deputy prime minister and federal Home Minister Datuk Seri Ahmad Zahid Hamidi told reporters Monday that a parliamentary caucus to address illegal gambling will be established soon. Hamidi said he would table a proposal to set up a parliamentary caucus to deal with illegal gambling during the next cabinet meeting on Friday, and hinted …