The international online gambling group NYX Gaming continues to expand, with its Q1-2015 numbers just published showing revenues up an impressive 98 percent year-on-year, driven strongly by social product operations, a larger customer base and revenues from the recently acquired Ongame poker network. Highlights of the report included: * Overall revenues up 98 percent to …
666Bet players still awaiting long overdue payments from the cash-strapped online gambling company will be disappointed to read the firm’s latest submission to the UK Gambling Commission – that it needs to raise additional funding in order to meet its obligations to players. So much for the protection of players through segregated accounts. In a …
Federal prosecutors again appeared to be at sixes and sevens this week following the latest ruling by Nevada District Judge Andrew Gordon that they cannot adduce evidence of illegal sportsbetting by Malaysian high roller Paul Phua because it is tainted by questionable FBI tactics in obtaining it (see previous reports). In the latest developments in …
Rep. Joseph Lopinto’s bill HB475, which seeks to create state law exemptions effectively legalising daily fantasy sports in Louisiana (see previous reports) may have sailed through the state House, but is now encountering heavy weather in the Senate Judiciary Committee. Local media reports indicate that Lopinto is having to deploy all of his legislative skills …
Investment expert Jason Ader’s comments on gambling and the rising millennial demographic earlier this week (see previous report) were echoed Friday by the respected Fitch Ratings director, Alex Bumazhny, who told the publication Street.com: “Millennials seem like they are a little bit less interested in gambling in the [land] casinos. They’ll still go to casinos …
There was more positive news from Nevada in April as revenues ended a two-month decline to come in 5.4 percent up on a year-on-year basis, with slot machine revenue up 6 percent at $601.5 million, contributing three-fourths of the $45.9 million increase. The Nevada Gaming Control Board statistics released Friday show the state’s land casinos …
The online gambling solutions and games provider BetConstruct has added to its games inventory the full portfolio of Malta-based games developer World Match, extending the choices available to players at its client internet casinos. Founded in 2003, World Match has regularly extended its portfolio of games, which have proved popular with players in regulated European …
Online gambling group Unibet has signed on as the official betting partner for the Limacol Caribbean Premier League T20 cricket championship. The betting company will offer special promos and an exclusive range of markets for the League matches, and will additionally become the shirt sponsor for the St Lucia Zouks franchise, which numbers among its …
NYX Gaming Group has inked new deals with Scientific Games extending an earlier poker distribution agreement, and adding a new distribution deal for the SG Interactive Remote Game Server portfolio of games via NYX OGS. The terms of the deal enable Scientific Games to distribute the networked NYX Poker offering in “free-to-play” mode to its …
Jason Ader, the activist investor and founder of SpringOwl Asset Management who has done more than most to shake up the directorates of major online gambling companies like IGT and Bwin.Party (see previous reports) believes daily fantasy sports is the next big wave in gambling. Giving his views on the CNBC television show “Fast Money” …
Tel Aviv and Barcelona-based online games developer Akamon Entertainment has completed development on three new video bingo games (see previous reports) and announced their immediate availability. The new games, which are live on Akamon’s Viva! Bingo and Slots Facebook platforms, are titled Space Guardians, Temple of Fortune and Zodiac Empire. Set in different environments – …
There are now two opponents of online gambling legalisation vying for the 2016 presidency of the United States; Republican politician George Pataki (70) has joined fellow Sheldon Adelson supporter Sen. Lindsey Graham in throwing his hat into a rather crowded presidential candidacy ring. A three-time former Republican governor of New York, Pataki is perhaps more …
South African MP and member of the official opposition, Geordin Hill-Lewis, is nothing if not determined and is taking another run at legalising online gambling with a private member’s bill despite government’s avowed opposition to the concept. Zodwa Ntuli, deputy director-general for the Department of Trade and Industry, reiterated government’s opposition to the idea this …
The Isle of Man Gambling Supervision Commission and the Netherlands Gaming Authority have signed a Letter of Intent expressing a mutual wish to enter into a Memorandum of Understanding once online gambling has been legalised under the Gaming and Betting Act in The Netherlands. Spokesmen for the two bodies said the LOI is a precursor …
The UK online betting group Skybet is interested in further involvement in Football League sponsorship going into 2017, possibly for two further seasons when its current agreements are completed, the League announced this week. The company is the title sponsor of the Sky Bet Championship, Sky Bet League 1 and Sky Bet League 2 for …
The recently London-listed online bingo operator Stride Gaming achieved impressive growth, according to its half-year report for the period ended February 28 this year. CEO Eitan Boyd reported that NGR came in at GBP 11.7 million – a significant 173 percent increase on the corresponding period in 2013-14, whilst EBITDA was recorded at GBP 3.6 …
Sportech plc announced Thursday that it has agreed to sell its stake in a 50-50 venture with NYX Gaming to its partner in the social gaming joint venture for GBP 12 million. The purchase price will be made up of GBP 5.2 million, 2.2 million NYX ordinary shares equating to an aggregate value of GBP …
The listed British online gambling group Betfair plc has announced the appointment of chief operating officer, Mark Brooker, to the Board as an executive director, effective June 1 2015. Brooker has held the management responsibility as COO since April 2014, having joined Betfair in March 2010. He was previously managing director of the company’s Sportsbook …
The Kiron Interactive and Vermantia partnership has launched its virtual games TV channel with two operators in East Africa. Uganda’s Kings Bet and BETnSport are the country’s first retail bookmakers to take the premium service, which went live with Nigeria’s largest operator, Nairabet, last month . The virtual solution, which features human commentary, showcases Kiron’s …
Online financial transactions provider Optimal Payments plc has announced the acquisition of Montreal-based mobile platform developer FANS Entertainment Inc. for a consideration of Cdn$16 million. The consideration is payable to the vendors by issuing 3,163,633 shares in a subsidiary of Optimal Payments which are exchangeable on a one-for-one basis into shares of Optimal Payments over …
The UK spreadbetting firm Plus500’s run-in with the Financial Conduct Authority over money laundering precaution shortcomings (see previous report) caused more red faces this week at the company’s annual meeting when CEO Gal Haber found himself apologising for what he admitted were “major failings” at the company. These failures have resulted in tens of thousands …
The tenth and latest Global Gambling Report from the Isle of Man-based consultancy Global Betting and Gaming, claims that global gambling revenues surpassed US $450 billion in 2014, growing 3.2 percent compared to the previous year. Asia continues to hold the top spot, accounting for almost 33 percent of global gambling revenues, the report notes. …
Pennsylvania Representatives John Payne and Nick Kotik, strong supporters of legalised online gambling in their state, used the publication PennLive.com to lay out the benefits of online gambling legalisation in an op-ed piece this week. The duo align the current situation in Pennsylvania with that which existed a decade ago, when the state allowed the …
The Italian regulator Agenzia delle Dogane e dei Monopoli’s latest report illustrates that illegal activity in the Italian online gambling market is an increasingly hazardous and risky business. State officials blocked more than 5,200 online gambling sites in 2014, and 114 prosecutions resulted in the imposition of 98 penalties amounting to Euro 907,999. The report …