In a possible reprise of the online horse racing betting hiatus caused by legislative neglect several years ago (see previous reports) it appears that unless Illinois lawmakers react before March 25, the state’s pioneering online lottery ticket sales venture will have to be suspended. The Washington Times reports that online sales launched in 2012 have …
According to a report Friday in the Las Vegas Review-Journal, the chief executive officers of daily fantasy sports market leaders DraftKings and FanDuel will address a meeting Monday of the Nevada Gaming Policy Committee in Las Vegas. “Jason Robins, CEO of DraftKings, and Nigel Eccles, CEO of FanDuel, are part of the line-up of gaming …
An attempt by Rep. Matt Gaetz to affix a daily fantasy sports amendment to a gambling bill before the House in Florida failed this week when other lawmakers blocked his move, and after a 90 minute argument he withdrew the measure. Gaetz’s amendment sought to define DFS as a skill game and therefore not subject …
Texas AG Ken Paxton has applauded a decision by daily fantasy sports operator FanDuel to withdraw from the Texas DFS market following his opinion that the genre is contrary to state law and constitutes gambling. Paxton was reacting to an announcement by FanDuel that it would withdraw its DFS contests in May this year but …
The head of Lithuania’s Gaming Control Authority, Virdzhiniyus Dauksys, had harsh words this week for online gambling operators who continue to offer their products to Lithuanians without the requisite licensing, describing the practice rather melodramatically as equivalent to smuggling. Dauksys was announcing the latest moves in his organisation’s action against unlicensed operators following the introduction …
Former Alderney chief regulator Andre Wilsenach has been named as head of the newly launched International Center for Gaming Regulation (ICGR), a first-of-its-kind resource for independent education, research and training programs to aid gaming regulators and emerging jurisdictions around the world. The organisation is a partnership of the University of Las Vegas International Gaming Institute …
Indiana senators have joined their Vermont counterparts (see previous report) in approving a bill seeking to regulate and licence intrastate daily fantasy sports. Local newspaper The Journal Gazette reports that SB339 was progressed through the Senate by 34 votes to 10 Friday, and having already passed the House the measure now heads to Governor Mike …
The new merged Paddy Power-Betfair group, despite announcements about maintaining both brands, has revealed that Paddy Power chief marketing officer Gav Thompson – hired only in April last year – is to step down. His departure leaves Betfair CMO John Devitt as the senior marketing executive of the merged companies. Devitt, who also has top …
Online and land gambling group Paddy Power has made a business out of controversial and often humorous advertising….not always with the intended results, as the Advertising Standards Authority statistics show – one of its ads was the most complained about in British advertising history (see previous reports). Barely a week ago the company was hauled …
Mondogoal, a UK-based daily fantasy sports operator with big international ambitions, has announced the launch of three new global leagues: the Chinese Super League, the Russian Premier League and the Turkish Super League. Outlining his company’s strategy, VP marketing Chris Mazzone said in a statement Thursday: “Our goal to be the first truly global DFS …
MyLotto24 received a boost to its funds this week when the Spanish taxman refunded the company Euro 9.6 million contributed as a lottery withholding tax on a large jackpot win at the company. Announcing the refund, parent group Zeal Network said the payment will have a positive impact on the company’s financial metrics relating to …
The Swedish online slots specialist developer Quickspin has agreed a new deal to provide its games on the casino tab of 188BET.com. The Isle of Man-licensed sportsbook has been given access to Quickspin’s full suite of products, developed for both desktop and mobile devices. Quickspin’s roll-out features player favourites Crystal Queen, Razortooth, and Second Strike, …
The managements at three more online casino sites have advised their players that the operations will be closing with effect from March 10 this year. The sites concerned are Duel 5, Lucky Balls and Casino Broceliande, all sites that have been around long enough to have secured enough players for their operations to remain viable. …
The mobile gambling platform provider CashBet has inked a games supply deal with US developer PlayScreen, which will provide iOS compatible mobile games though its real-money mobile casino app Casino Cash. Starting this week, players in the UK App Store can now install Casino Cash on their Apple mobile devices, and engage in real-money gaming …
Actions by Cambodian, Interpol and Chinese enforcement agencies in Sihanoukville, Cambodia late last year continue to impact the local mainly casino gambling economy, reports the Phnom Penh Post this week. The enforcement action resulted in the arrest of 168 Chinese individuals in a raid on a local residential compound, and was reportedly targeted on breaking …
The Queens County District Attorney’s Office in New York announced this week that 17 individuals allegedly connected to a $32 million illegal online sports betting ring have entered not guilty pleas. Prominent among them were 5 Californian men identified as Cyrus Irani (a 37-year-old man alleged to be the ring leader) and Andres Arriaga (41); …
Online gambling group Paddy Power claims its latest betting product – One Touch – is the fastest way to bet in-play on the market. The innovative one-touch betting function is only available for In-play bets and is confined to Win Only and Singles Only. Once activated, One Touch is live for betting on all In-Play …
Odeta Nestor, president of the Romanian regulator National Office for Gambling (ONJN) revealed this week that the nation’s gambling operators paid taxes of Euro 269 million last year, up by 71 percent compared to 2014. Over and above that, operators paid Euro 70 million in land gambling licence fees, according to a report on Romanian-Insider. …
Reports in The Telegraph Wednesday that the British government would announce a new funding system for horseracing today (see this morning’s bulletin) have proved correct. On Thursday morning during a debate in the House of Commons, Culture Secretary John Whittingdale revealed that a new funding scheme will be replacing the controversial racing levy…and importantly will …
US online gambling platform provider Contagious Gaming had news that was good only in parts for investors this week, reporting that revenues in its fiscal third quarter soared 214 percent quarter-on-quarter to $678,700. However there was a definite downside to the announcement as well – EBITDA fell again as the company recorded a loss of …
Press reports from Azerbaijan indicate that through an amendment to article #53-1.5 of the national law, day-to-day operational control over gambling will henceforth will be carried out by the newly-established Financial Market Control Chamber, funded by the gambling companies. The previous arrangement placed the responsibility for gambling industry oversight with the Ministry of Youth and …
Specialist gambling software supplier A Bet A has teamed up with Kiron Interactive to offer a new, low-cost virtual games service in the UK and Ireland. The service, called Betty VC, allows bookmakers to integrate 10 virtual sports including horse racing, dogs, and football in-shop with customised branding. In addition to the fixed-odds betting markets, …
Sportech plc has released its 2015 numbers, revealing that in selling its New Jersey online gambling interests after just three months it realised a threefold return on its original investment. Group highlights flagged by management include: * Overall results in line with expectations with EBITDA of GBP 23.1 million – down on 2014’s GBP 24 …
The land and online gambling group Coral – set to merge with Ladbrokes this year – has posted a strong set of results for the sixteen week period to 16 January 20916, highlighting: * Total Coral Group EBITDA of £62.4 million – up 14 percent on the same period last year; * Growth in all …