Shay Segev, will steer the ship on completion of GVC Holdings plc’s acquisition of bwin, moving from his current role of chief strategy officer into the newly created role of chief operating officer. Segev comes well equipped for the position having served as chief operating officer at Playtech plc for almost seven years prior to …
Impacted by regulatory headwinds and a comparative year that included the World Cup. Gala Coral Group delivered an increase of 3.7 percent in EBITDA results but said after adjusting for regulatory impacts and the World Cup, EBITDA was 30 percent ahead. Online EBITDA came in at GBP 56.2 million, 14 percent ahead of last year …
The state of Massachusetts may yet join Delaware, New Jersey and Nevada in legalisation online gambling, according to reports in the Gloucester Times, which note that state senate Minority Leader, Sen. Bruce Tarr is actively lobbying for regulation and licensing of the genre under the oversight of the Massachusetts Gaming Commission. Tarr proposes that online …
The cross border administration cooperation agreement signed by 20 plus European Union jurisdictions this week (see previous report) was welcomed by the European Gaming and Betting Association (EGBA) as a solid step towards building confidence and trust. The voluntary cross border cooperation agreement, initiated by the European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, …
The market’s negative reaction to Ainsworth Game Technology’s announcement on the departure of its group manager of strategy and development, Scott Clarebrough, has prompted a response from chief executive Danny Gladstone who said “the market had over-reacted”. Concerns over Ainsworth’s new games pipeline were dismissed by Gladstone who told Fairfax Media: “To use a football …
The Greek Government’s introduction of new lottery regulations, which effectively halt the further rollout of video lottery terminal’s (VLT), was met with an aggressive response from domestic gaming monopoly OPAP who filed a Euro 1 Billion damages claim against the Government this week. The new lottery industry regulations from the Hellenic Gaming Commission go against …
Professional gambler Phil Ivey has been granted leave to appeal the ruling handed down by a British Court regarding GBP 7.8 million in denied winnings from Genting’s Crockfords Casino club in which the club accused him of using a controversial edge sorting technique claiming it was tantamount to cheating and against the rules of the …
Microgaming has uploaded a sneak peek at six upcoming titles “Happy Holidays”, “Serenity”, “Lucky Twins”, “Peek A Boo”, “Bikini Party” and“Dragon Dance”. “Happy Holidays” is a Christmas-themed, 5 Reel, 243 Ways slot set for release in December 2015. It offers a free spins feature increasing the game to 1024 ways to win. Also scheduled for …
Holland Casino-commissioned research conducted by Motivaction has revealed a Euro 500 million online gambling market, Euro 200 million more than previously estimated. The report from Dutch publication NOS said the Motivaction research shows 1.5 million Dutch people illegally gamble online, which if accurate, equates to one in ten Dutch people over-12-years-old are active in the …
UK gambling firm Betfred has confirmed the closure of its Wigan Tote Park on December 11, 2015 saying the significant shift to mobile and online had forced it to review the viability of the centre. 112 staff are expected to be affected by the closure of which BetFred says 14 are full-time employees, seven of …
Irina Cornides has taken up the role of chief revenue officer at Intertain Bahamas having previously served as managing director of Mandalay Media for almost a year and a half. Prior to Mandalay Media, Cornides was head of bingo for BGO Entertainment. In her new role, she will be tasked with formulating and executing strategies …
Dutch gambling authority Kansspelautoriteit has entered into a cooperation agreement with twenty other gambling regulators of member states of the European Economic Area (EEA), and is soon to be joined by another ten. The agreement, established by the European Commission, outlines a regulated and increased exchange of information relating to gaming markets, gaming suppliers, licensees, …
The UK Gambling Commission released new figures Thursday saying they will paint an accurate picture of how much consumers in Britain spend on gambling online. These are the first set of figures since the implementation of Britain’s point-of-consumption tax came into effect and represent the five-month period from November 2014 to March 2015 for online …
Nuworks Gaming has launched its latest three-reel slot release to Lucky Club , a Christmas-themed offer titled “Santa 7s”. Landing a cheeky elves double Wild symbol and a triple Wild together will pay 6X the win, while two bonus prize meters can award free games, instant bonuses and jackpot spins. Three of a kind will …
Online and mobile games developer iSoftBet was awarded a full UK Level 3 certification from the UK Gambling Commission this week after fulfilling compliance requirements for the UK market. Hailed as a landmark move for the company, iSoftBet said the award will enable it to achieve an even stronger foothold in the industry. “Level 3 …
According to the National Law Review (NLR), a Washington Federal Court has dismissed a class action suit where the plaintiff’s claimed that social casino games constitute gambling under state law. The court dismissed the class action saying purchasable virtual chips have no value and because the plaintiff’s were not staking or risking something of value, …
In its third quarter report for the period ending September 30, 2015, Greek gaming firm OPAP posted a 13 percent decline in gross gaming revenue to Euro 300.9 million, a decline in EBITDA of 7.6 percent to Euro 87 million and an 8.5 percent fall in net profit to Euro 49.1 million, driven it says …
During an interview with Ralston Reports, a week night news and commentary TV programme hosted by political observer Jon Ralston, Nevada’s Attorney General Adam Laxalt surprised many with his admission that he backs Sheldon Adelson’s Restoration of the Wire Act (RAWA) proposal and intends signing a letter circulating among US attorney general’s in support of …
The Remote Gambling Association (RGA) published the Second Edition of its “Anti-money laundering: Good practice guidelines for the online gambling industry” publication Wednesday. The guidelines cover key areas such as the application of a risk-based approach; due diligence processes; and internal controls. “Our first edition of these guidelines was well received and, more importantly, provided …
Lottery outcome betting firm Lottoland has strengthened its senior management team with the appointment of former 888 vice president of risk management and regulatory operations Lucky Multani as its new chief operating officer. Multani’s primary responsibility will cover the fraud, payments, legal and compliance aspects of Lottoland’s business and its operational performance. He will also …
Swedish games developer Quickspin will provide a range of its content to Mr Green online casino across both mobile and desktop platforms. The portfolio will include recent releases Crystal Queen, Razortooth and the forthcoming Second Strike. Daniel Lindberg, chief executive officer of Quickspin looks forward to the partnership with Mr Green saying their mobile-first philosophy …
Finnish gaming platform provider Finnplay has inked a content supply deal with games developer Endorphina for the delivery of a portfolio of 34 HD casinos games that include popular titles Blast! Boom! Bang! and Geisha. “Our clients operate in an increasingly competitive environment and it is important they have access to the finest and most …
Betting operator Betway was named by the International Tennis Federation as international sponsor of the Davis Cup and Fed Cup by BNP Paribas until 2018. Betway will receive court-side branding at all Davis Cup and Fed Cup by BNP Paribas matches for the duration of the contract.
Online betting exchange Betfair’s half year fiscal period ending October 31, 2015 delivered strong results with a reported revenue rise of 15 percent to GBP 274.4 million against a strong comparative period that included the World Cup. Results were driven by mobile and a 93 percent increase in Sportsbook stakes. Key performance highlights for the …