The Betclic Everest online gambling group, which has been jousting with the Belgian Gaming Commission over its operations in that country since 2012, appears to have accepted the inevitable and agreed to comply, reportedly paying Euro 80,000 towards fines imposed by the Belgian authorities on its local players. The company has consequently been removed from …
Good existing business momentum and a solid performance from a new social gaming acquisition have boosted the commercial progress of the Stride Gaming online bingo group, giving Management the confidence to predict that full year EBITDA this year will top GBP 7 million. The UK group includes Kitty Bingo, Lucky Pants Bingo, Bingo Extra, Jackpot …
Sports betting technology and software supplier Betgenius has launched what it claims is the world’s first comprehensive pre-match and in-play eSports betting product. Professional gaming tournaments – eSports – has been the buzzword in sports betting this year, and with a current fan base of almost 90 million worldwide, the new vertical offers bookmakers significant …
In an op-ed article in US News and World Report this week former Republican congressman and presidential candidate, and chairman of Campaign for Liberty, Ron Paul, slammed the Sheldon Adelson-inspired Restoration of America’s Wire Act proposal currently in Congress, warning that young Republicans embrace the philosophy of liberty and limited government, and are unlikely to …
The positioning and dominant audience of a Paddy Power advert urging controversial FIFA chief Sepp Blatter to “F**k Off Already” was accepted by the UK Advertising Standards Authority as reasonable grounds for ruling that the ad. was not in breach of rules regarding public offence this week. Published earlier this year during the furore over …
The latest developments in New Jersey’s fight to open up sports betting (see previous reports) have again highlighted the enormous potential market that US sports betting represents, with widespread coverage in mainstream and industry media devoted to the topic this week. Most reports quote American Gaming Association estimates that in the U.S. alone, $95 billion …
The passion of Asian fans for high-profile English Premier League football has led to an unusual business partnership which this week saw Arsenal FC ink a three-year agreement with DJI Holdings, a UK-based Chinese lottery supplier. The deal designates Arsenal as an official lottery partner of DJI in China, enabling DJI to offer its Asian …
Online slots developer Magnet Gaming has signed a deal to supply games to the internet casino websites of Denmark’s biggest operator, Danske Spil. The initial roll-out of eight slots, including popular titles like Diamond Express, Golden Pyramid, and Bank Walt, has already taken place, a spokesman said Thursday, adding that a further eight games currently …
The decision years ago by the Isle of Man government to create an online gambling hub and regulatory jurisdiction continues to pay economic dividends, with the latest government figures showing that growth has been strong in the last year, and that the industry is now among the most significant in the island economy, generating jobs …
Rochester businessman Paul Borrelli (70) was sentenced this week for his involvement in an illegal $75 million online sports betting ring, money laundering and an attempt to blackmail professional hockey player, Thomas Vanek. Borrelli’s cohorts, brothers Paul and Joseph Ruff, were sentenced to nine years and 41 months respectively in prison earlier this year and …
Canadian online gaming firm Intertain Group Limited will make a normal course issuer bid (NCIB) to purchase and cancel up to 3,617,740 or 5 percent of common shares over the next year saying the current share price does not reflect the underlying value of the company. “Alongside our shareholders, Intertain has built a very profitable …
A police spokesman in Vietnam’s Tay Ninh City revealed Wednesday that a police anti-online gambling raid on an internet cafe had resulted in the arrest of 30 persons and the confiscation of 21 computer sets. Officers from the provincial social crime prevention police raided Sky Win Cafe mid-afternoon Wednesday following reports that the illegal business …
DraftDay Gaming Group, a new entity formed by a joint venture between Viggle Inc. and Sportech Digital has completed the acquisition of fantasy sports business DraftDay from MGT Capital Investments. “By combining and capitalizing on the well-established operational business assets of DraftDay, Sportech and Viggle, the new company is well-positioned to become a significant player …
Imperus Technologies Corp (Imperus), parent company of social gaming developer Diwip, has entered into an acquisition agreement with Akamon Entertainment Millennium, S.L. (Akamon) for a consideration of $25,578,904, payable in cash and Imperus securities. All key Akamon management will be retained post acquisition including Vicenc Marti, co-founder and chief executive officer of Akamon and Alex …
NetEnt’s Mega Fortune Dreams slot has made a sixty year old Finnish woman a multi-millionaire over there past weekend on a Euro 0.40 wager. The fairly new PAF customer, who registered in June, triggered the Euro 3,020,481 jackpot in the early hours of Saturday morning marking the seventh biggest win in PAF’s history. “This is …
Thailand police in the Chiang Mai province reported Tuesday that in partnership with immigration officials they had broken up an illegal online lottery ring and arrested 17 Chinese nationals. A large combined police-immigration raiding party of 50 officials carried out the raid on a three-storey house on a private estate, catching 14 men and 3 …
Developer and supplier of B2B products for the gaming industry GameAccount Network has announced that the planned re-branding of the company to GAN will become effective on September 9 – a move consistent with its success in the supply of online gaming solutions to brick-and-mortar casinos within the borders of the United States. The new …
NYX Gaming has followed its recent acquisition of Chartwell Tech and Cryptologic online gambling firms from the Amaya Group (see previous reports) with an announcement that a wide range of games content will be delivered to the new subsidiaries via the OGS system. Among the first to benefit is Corbett Sports, which has launched NextGen’s …
Unconfirmed reports circulating Tuesday indicate that Leeds, UK-based Sky Betting and Gaming has shut down its social gaming division, apparently prompting the departure of divisional head Bruce Bale. Remarkably the division, which operated in partnership with the US-based OpenWager Inc., only launched in January this year, adding three more iOS and Android games to its …
On the heels of reports from the UK that the Rank Group has had to give up profits made during a period of ineffective anti-money laundering systems (see previous reports) comes news of similar punitive action against a US casino group. Reports in the US media claim that Caesars Entertainment has had to cough up …
The long running saga that is New Jersey’s attempt to secure the right to legalise sports betting within its borders (see previous reports) featured a new development this week as the state horse racing industry requested a federal appeals court to review its earlier decision, which prevents the state from progressing its sports betting plans. …
Euro Games Technology Interactive (EGTi) has launched its new online casino platform becoming a full service provider. The platform has initially launched with Winbet casinos in Bulgaria as a pilot before it is rolled out to the rest of EGTi’s customers. Providing access to EGT’s portfolio of 60 plus online games in free-to-play and real-money …
Vietnamese authorities have pressed charges against 28 locals suspected of involvement in a $9.1 million online gambling ring, according to Thanh Nien News. Ho Chi Minh City resident Pham Huy Toan (38) is suspected of facilitating the ring while the other 27 will appear in court on various gambling charges. Vietnamese prosecutors said Toan received …
The directors of Paddy Power plc and Betfair plc have issued a statement briefing investors on the intended merger of the two companies and advising that shareholder benefits will include 0.4254 new Paddy Power Betfair shares in exchange for each Betfair share, along with a special dividend of Euro 80 million for Paddy Power shareholders …