The often controversial Toronto-listed online gambling group Intertain’s shares soared 23 percent to $11.49 Thursday on news that the company’s directors are considering the sale of the company and have received “many expressions of interest.” The rise was a remarkable turnaround from the 27 percent decline over the past year, according to Bloomberg business news. …
Buffalo, NY land casino operator Delaware North has announced its acquisition for an undisclosed consideration of Ruby Seven Studios – a social casino developer backed by Rush Street Gaming and others. The casino operator says that the acquisition brings it closer to launching its own mobile and online social gaming platform to increase customer engagement …
Online and mobile wagering – especially on in-play betting – buoyed the 2015 results of Czech gambling group Fortuna Entertainment, which released its preliminary results week. The predominantly sports-betting group reported the following highlights: * Net profit up 22.5 percent y-o-y to Euro19.5 million, although this was diluted to even when the impact of a …
The writing has been on the wall for some time now – despite a couple of dozen political sponsors, there is little appetite in Congress for the Restoration of America’s Wire Act, a Sheldon Adelson-inspired attempt to federally ban most forms of internet gambling. This week Adelson lieutenant Andy Abboud provided further evidence of the …
A bill to regulate and licence fantasy sports in Connecticut moved forward Thursday after being approved 10 vs. 5 by the House General Law Committee. The measure now moves to the Finance, Revenue and Bonding Committee for further debate. The bill requires the state Department of Consumer Protection to adopt regulations protecting consumers “who play …
DraftKings spokemen are adamant that the company’s “white knight” initiative to look after owed players in the FantasyHub debacle (see previous reports) is not an acquisition exercise…but the DFS giant nevertheless is inviting rescued players to switch to its offering. On Thursday DraftKings stepped in with its rescue offer to FantasyHub players stranded by the …
WinADay online casino game developers have announced the release of Ice Crystals, a premium slot with good reward features that include Trailing Wilds, a symbol which clones itself down the reel, increasing its multiplier into a Double, Triple or Quadruple Wild on each spin. “When it first appears, the Wild only occupies one spot,” explained …
Australian gambling group Tabcorp has promoted from within to replace chief marketing officer Michael Smith, who left after just ten months in office towards the end of last year (see previous report). The board has selected Claire Murphy after a four month hunt for Smith’s replacement and a total review of the marketing structure. Murphy …
Teddy Sagi’s financial venture SafeCharge plc released its full year 2015 numbers this week, reporting impressive progress and highlighting: * Revenue up year-on-year by 30 percent to $99.8 million; * Gross profit up 30 percent at $57.7 million; * Adjusted EBITDA of $31.1 million – up 26 percent on the preceding year; * Reported profit …
The UK online gambling group Sky Betting and Gaming has ensured that it has the right technical people – and enough of them – for the future by investing GBP 1.5 million in its new graduate software academy project. The company is currently accepting applications for an initial group of 25 graduates for mid-2016 who …
An agreement signed late last year by digital platform supplier Bede Gaming and the online operations of the Rank Group plc (see previous reports) came to fruition this week when Rank announced that the platform is now live across its Mecca and Grosvenor online brands and mobile apps, and expects to follow suit with Spanish …
The Adelson family-owned Nevada newspaper Las Vegas Review Journal announced Wednesday that veteran company newsman Glenn Cook (45) has been appointed managing editor of the publication. Now in his twentieth year with the Journal, Cook holds a bachelor’s degree in journalism from the University of Arizona (class of ’92) and a master’s degree in journalism …
Good results have come to be expected as the norm at online gambling group 32Red, and full year 2015 numbers released Thursday did not disappoint, despite what the company called “significant external regulatory and tax headwinds” (read p.o.c. tax increases in the UK). The company claimed new records in respect of revenue generation, along with …
Online lottery betting company Lottoland has announced the appointment of Gavin Grimes as vice president of gaming following earlier key appointments that include Rob Fell as VP Product and Lucky Multani as COO. Grimes joins the company after previously working as head of casino at Gala Coral Interactive, and brings 17 years of industry experience …
Swedish online gambling software provider NetEnt has won its long-running legal dispute with the Swedish taxman, announcing Thursday that a ruling from the Swedish Administrative Court of Appeal has approved NetEnt’s appeal and reversed an earlier ruling by the Administrative Court and the Swedish Tax Agency’s review. NetEnt will receive SEK1.8 million in compensation for …
New Jersey Sen. Jim Whelan’s plans for a quick hearing by the Senate Economic Growth Committee today on his daily fantasy sports regulatory bill S.1927 have been stalled until Monday 14 March without explanation, according to sources in the state legislature. Sen Whelan launched the bill earlier this week and immediately seized a hearing date …
NetEnt has become an associate member of the World Lottery Association (WLA) saying its membership could support future growth as a supplier to WLA-members, a segment of strategic importance to the Company. “Online casino is about entertainment and excitement and the WLA associate membership is an important quality stamp to NetEnt as we are committed …
Greentube interactive subsidiary StakeLogic has agreed its first content supply deal with Unibet for the provision of a selection of its 3D HTML5 casino games. The company, which was established as the interactive specialist of Greentube and is a part of Novomatic Interactive, develops and licenses 3D slot game software for both desktop and mobile. …
BetVictor has replaced Paddy Power as Gold Cup sponsor of the feature race of the Cheltenham Open meeting. Long-time sponsor Paddy Power has supported the event since 2003 but has yet to become an authorised betting partner as required in changes implemented by the British Horseracing Authority last year. The feature event is to be …
Lottery software supplier Lottotech will extend its online lottery content with omni-channel platform provider Mediatech Solutions. The distribution and services deal will see Mediatech boost its lottery product offer with the integration of Lottotech’s flexible software. Mediatech’s white-label partners will gain access to the largest industry-wide portfolio of lottery products, a press statement said, along …
NSoft’s SEVEN Web platform solution, recently debuted at ICE, has launched with SuperBet. The fully managed single product platform provides core betting operations for betting operators, while also functioning as an aggregator to third party platforms. In addition, the company expects to launch SEVEN Web at the end of March with BalkanBet.
Notable gaming journalist Steve Ruddock flagged some interesting inconsistencies – and perhaps even hypocrisy – in the American Gaming Association’s comments on daily fantasy sports at the Nevada Gaming Policy Committee meeting Monday (see previous report). In an article titled “American Gaming Association Is On Wrong Side Of History Regarding Online Gambling,” Ruddock notes that …
NetEnt’s chief development officer Åsa Bredin was named as one of Sweden’s most powerful women by weekly business magazine Veckans Affärer this week. Bredin, who was recently recruited from King, was ranked seventh in the publication’s “Sweden’s Most Powerful Women in 2016”. “It is good thing that strong and intelligent women are emphasized, as the …
OmniSlots has launched a new range of twenty-eight fruit games from AmaNet, powered by Amatic. All titles, which include All Ways Fruits, Admiral Nelson and Wild Diamonds, are available across desktop and mobile.