Daily fantasy sports operator DraftKings, Inc. has secured a $300 Million Series D round of funding led by FOX Sports. Other key investors were major North American sports leagues; Major League Baseball, the National Hockey League and Major League Soccer; leading sports organizations: The Madison Square Garden Company and Legends; as well as existing investors …
Remote casino operator LeoVegas is the latest to be awarded a remote operator license from the UK Gambling Commission. “It is gratifying that LeoVegas has received a licence in the UK,” said Johan Styren, chief executive officer of LeoVegas. “It is one of the key markets for us so it is natural for LeoVegas, as …
Virtual sports provider Inspired has expanded its partnership with Slovakian operator Niké. The partnership, sealed in 2012, will see an increased retail presence of Inspired’s virtual sports offer along with the launch of a second Rush Football channel for retail and online featuring teams from the Slovak Football League. Michal Hanák, head of strategic development …
Cherry-owned Scandinavian affiliate group Game Lounge has acquired a number of Finnish affiliate domains to support further expansion. Under the terms of the agreement, Game Lounge has acquired prominent Finnish affiliate domains nettikasinovertailu.info, netticasino.eu, onlinecasinofindr.com, nettipokeri.eu, nettiveikkaus.ey and nettibingo.eu for a consideration of Euro 1.2 million. The acquired affiliate sites will give marketing support to …
Malaysian deputy communication and multimedia (MCMC) minister Datuk Jailani Johari said this week that the ministry has blocked 301 illegal online gambling websites in the first half of 2015 following the submission of 940 applications. “The ministry and the MCMC will not keep quiet, but will act by censoring and blocking online gambling or any …
Rival Gaming’s newest offer is the 5-reel, 50-payline slot “Tycoon Towers”. Tycoon Towers follows the life of a cartoonish tycoon and his luxury penthouse suite. Icons include the tycoon (Wild), maid, bellboy, luggage, elevator, do not disturb sign and a credit card along with the 9, 10, Jack, Queen, King, and Ace symbols. The Tycoon …
The Mohegan Tribal Gaming Network (MTGA) has expanded on its partnership with Scientific Games (SG) with the extension of its social casino product, SG Universe Play4Fun Network. The platform will soon go live for MTGA’s Uncasville, Connecticut location, Mohegan Sun offering players a social casino accessible via the casino’s native iOS and Android applications. “Working …
A reporter working for the major Chinese news agency Xinhua has blown the whistle on alleged illegal activity within a State-owned online lottery. Journalist Wang Wenzhi, who writes for Xinhua’s Economic Information Daily newspaper, told the Global Times Sunday that he has informed the Ministry of Finance about the illegal operations of the China Lottery …
Reports from the United States indicate that one of the industry veterans in online sportsbetting, Antigua-licensed Sportbook.ag, has entered the booming daily fantasy sports market. Sportsbook is one of the pioneers in online betting and has built up a large player base over the years, giving it a major advantage through cross-selling. The company is …
Online gambling turnkey provider Rival Gaming has departed the UK market, according to communications from licensees to players and affiliates, who have been advised that all UK action is blocked from July 25. Although no official reason for the exit has been given, Rival is active in several parts of the world, and it has …
Online gambling group GVC has made another bid for ownership of Bwin.Party, giving some credibility to the old saw that it’s not over until the fat lady sings. The company has confirmed media reports that it is partnering with New York hedge fund Cerberus in a new billion-pound bid to wrest Bwin.Party from the current …
It looks as if Paysafecard has decided to ditch the Ukash brand following that company’s acquisition earlier this year by subsidiary Skrill. The company has announced that Ukash is to be replaced by a Paysafecard brand at retailers across the UK from August this year, although existing Ukash vouchers will be accepted for redemption at …
The Q2-2015 results just released by US gambling group Boyd Gaming are of particular interest to the online gambling community, showing that its fifty percent interest in online gambling via the Borgata in New Jersey has again generated positive results. The operation was responsible for $1.6 million of Boyd’s earnings before interest, taxes, depreciation and …
Sportium, a Spanish joint venture in sports betting between Ladbrokes and Cirsa has extended by two years its sponsorship deal with the Spanish football league, LaLiga. Sportium will remain the league’s official betting partner in Spain, with associated publicity, promotional and advertising advantages.
Daily Fantasy Sports market leader DraftKings has announced another important partnership deal, this one an exclusive agreement with the US Major Soccer League. The deal covers both the US and Canada and includes involvement with certain teams, promotional opportunities and the creation of new games. Jason Robins, DraftKings CEO, said in a statement that soccer …
The Betsson group is advising its clients that on Thursday evening a 23-year old gambler from the Hesse province in Germany hit a progressive jackpot of over Euro 3 million on NetEnt’s Mega Fortune Dreams game. Full details of the big win are still awaited, but is understood that the lucky player is a woman, …
Byron Holland, the President and Chief Executive Officer of the Canadian Internet Registration Authority (CIRA), penned an op-ed article in the Montreal Gazette this week warning that the Quebec government’s stated intention to institute the DNS-blocking of unauthorised online gambling sites competing with its exclusive Espacejeux enterprise presents both social and technical problems. Our readers …
The National Indian Gaming Commission has published figures on Indian tribal gambling revenues in 2014, revealing that the industry continued its upward trajectory, generating GGR of $28.5 billion…a 1.3 percent rise year-on-year. The industry currently comprises over 450 gambling venues operated by or on behalf of over 240 tribes in 28 American states. The California-Northern …
NYX Gaming announced Friday that it has been given final approval by the New Jersey Division of Gaming Enforcement to begin 24/7 operations using the Open Platform System to power Mohegan Sun Casino.com (see previous report). The new competitor in the New Jersey market offers proprietary content from NextGen Party, a NYX Gaming Group company, …
In addition to announcing the Gala Coral merger today, Ladbrokes has outlined its intentions going forward, the results of its recent strategic review and a half-year trading update. The review outlines plans for a three year program in which the company’s share of the UK online gambling market will be aggressively expanded, marketing efforts increased, …
UK online gambling group Gaming Realms plc announced Friday that it has initiated a large placing in order to raise funds for the $18 million acquisition of “numerous assets” from the Seattle-based media distribution service provider RealNetworks in order to develop real-money gaming products using the Slingo brand. The deal involves a $10 million payment …
The Ladbrokes and Gala Coral merger is on following extensive negotiations in recent weeks (see previous reports) It will see the formation of a GBP 2.3 billion group that is expected to overtake William Hill as the biggest online and land gambling group in the UK market. Ladbrokes Coral will have total net revenue of …
The 12-year-old World Trade Organisation dispute between Antigua and the United States may at last be nearing its end, with Antigua’s Minister of International Trade and Foreign Affairs Charles Fernandez scheduled to leave for further talks with the US Trade Representative early next week. Over the years the dispute has been through several WTO dispute …
The Gibraltar-based Odobo online gambling distribution channel has announced the first collaboration between itself, developer Applejack and operator Coral Interactive in launching the new martial arts-themed slot Champion of Champions. With overtones of arcade combat action, the new game offers a 5-reel 20-line mechanic with three bonus features, all wrapped in anime-influenced artwork depicting vibrant …