Land and online gambling tesing agency BMM Testlabs has reported continued growth and diversification in 2014, posting a 6 percent increase in revenue and EBITDA up 17 percent as its planned expansion in Asia, Canada, the US and Europe continues. Chief executive officer Martin Storm said this week that despite international currency movements, the company …
Following media reports over the weekend that 888 is about to announce a bid to acquire rival online gambling group Bwin Party Digital Entertainment , the company issued a statement early Monday confirming its interest. “The Board believes that there is significant industrial logic in a combination of 888 and bwin.party, benefiting both companies and …
The investor publication Motley Fool took a look at the online gambling market this week, observing that research has shown that over the past four decades or so, gaming stocks have, on the whole, outperformed the market by around 2 percent per annum. After looking at a number of well-known online gambling companies, the article …
British newspapers over the weekend entertained their readers with vid from a Twitch feed which showed a young player losing it over an expensive hand of live dealer blackjack, watched by an online audience of 40,000 Twitchers. The gambler, identified as Chance ‘Sodapoppin’ Morris, lost $5,000 on the hand, triggering his OTT reaction after he …
Unconfirmed reports that 888 Holdings has joined the scramble to acquire online gambling group Bwin Party Digital Entertainment surfaced in the Sunday Times over the weekend, quoting informed but unidentified sources in the City. The past week has been full of confirmed reports that GVC Holdings is the main bidder for the company and has …
PerfectPairs, a subsidiary of Taiwan-based GigaMedia, is to use next week’s G2E Asia show to launch its ClubOne social gaming platform and connect with potentially interested partners. ClubOne is an in-house developed social casino platform which consists of five different main casino game categories such as Online Poker, Online Mahjong, Sic Bo, Baccarat, Roulette and …
Minnesota legislators peeved that they were not consulted when the state lottery started online operations two years ago (see previous reports) finally had their way this week when Gov. Mark Dayton decided not to veto a bill calling a halt to the promising online activity. The measure allows online ticket sales to continue but halts …
Earlier this year NetEnt started to deliver online casino games and services to Full Tilt, sister company to Pokerstars in the Amaya Gaming group (see previous report); this agreement has now been expanded with the delivery of casino games to Pokerstars, and these went live this week. A NetEnt spokesman said Friday that the Swedish provider continues to expand its customer …
Speculation that the European online gambling group Bwin Party Digital Entertainment was in talks with a sale in mind have been circulating since last November, and rose to a fever pitch this week, with media reports sending the share price northwards. The name that keeps cropping up is GVC Holdings, which teamed up on the Sportingbet acquisition last year …
Five New York State Senate Democrats have urged the state’s congressional delegation to oppose Sheldon Adelson’s attempt to federally ban online gambling, the Restoration of America’s Wire Act currently tabled in Congress and at committee stage. The New York Daily News reports that the state Senate Independent Democratic Conference argues in a letter to the …
Mississippi Representative Chuck Espy is preparing the ground for the introduction of legalised sports betting in his state if New Jersey’s court battles to circumvent the Professional and Amateur Sports Protection Act are successful. Our readers will recall that New Jersey has for the past several years been locked in legal battles with the national …
One of the market leaders in the booming Daily Fantasy Sports vertical, DraftKings, has announced a new business deal with an American sports organisation, signing a 3-year exclusive agreement with the NASCAR car racing body. The agreement gives DraftKings the right to use the designation of ‘Official Daily Fantasy Sports Partner’ in relation to NASCAR, …
Israeli billionaire Teddy Sagi, who is a major shareholder in online gambling group Playtech, has extended his financial reach with the purchase of currency trading platform AvaTrade, according to a Reuters news agency report. The sale has so far not been confirmed, but earlier this week Israeli business media reported that negotiations were nearing completion …
Winning online punters at NetEnt-powered online casinos were handsomely rewarded in April, with three millionaire-plus jackpots won for a total of Euro 11.9 million. The largest of the pooled jackpots fell on the Hall of Gods progressive slot when a player landed a massive Euro 7.8 million playing on Betsson.com. Guts.com reported one of its …
The Montreal-based Amaya Gaming online gambling group has posted a significant rise in revenue and adjusted profit for Q1-2015, principally due to the performance of its $4.9 billion Pokerstars-Rational Group acquisition. Amaya has been selling or spinning off its non-core subsidiaries in recent months, disposing of B2B operations like Diamond Game, Chartwell Technology, CryptoLogic Limited …
International Game Technology’s DoubleDown Casino social gaming website has debuted the Wheel of Fortune Double Times Pay 3x4x5x variant for desktop and mobile devices, featuring a substantial 2000x bonus pay-out. The most popular game theme on the DoubleDown Casino app since its launch last year, this fourth Wheel of Fortune theme to launch on the …
BetConstruct is to offer what it claims are the world’s largest sports jackpots following an agreement with Colossus Bets this week. The deal includes the revolutionary £10,000,000 Colossus and the world’s largest sports jackpot, as well as patented partial cash out technology, made available to BetConstruct’s over 100 global partners. Vahe Baloulain CEO of BetConstruct …
Online gaming technology provider Genii has launched Spin16, a new slots product line that allows players to interact directly with the reels, spinning any reel in any direction rather than just pressing a single spin button. The company claims that its Spin 16 patented technology represents a major change in the way video slots are …
Addressing the company’s annual general meeting today (Thursday) Paddy Power chairman Nigel Northbridge gave a trading update for the period 1 January to 11 May 2015 versus the equivalent period last year, commenting that the group has enjoyed a good start to the year. Although sports results have been unfavourable across the sector, this has …
Cherry AB subsidiary Yggdrasil Gaming has added more detail to its section in the group’s first quarter 2015 report (see previous report), advising the following highlights: * Launched HMTL5 framework, iSENSE 2.0, with new UI * Launched first progressive jackpot, Joker Millions * Launched Infinite API for Gamification * Innovative Super Free Spins concept launched …
In what looks like an attempt to recover lost ground after a Nevada magistrate and a District Court Judge both found the FBI methods of gathering evidence in the Phua case unconstitutional , federal prosecutors hit Phua with a new charge on Wednesday, accusing him of conspiracy to commit a felony. It’s taken the prosecution …
The California mass circulation newspaper LA Times has suggested in an op-ed article that the online poker legalisation debate in the state has been going on for too long, and that lawmakers should concentrate on the protection of the consumer and ignore the feuding among various interested industry parties. “Rather than picking winners and losers …
Northern California’s Graton Resort & Casino has partnered free-to-play casino games developer PLAYSTUDIOS’ Real World Rewards Program. myVEGAS mobile slots, myVEGAS mobile blackjack and myVEGAS Facebook customers can now redeem their in-game loyalty points for rewards at the terrestrial casino which may include free slot play, dinners and/or complimentary accommodation. PLAYSTUDIOS has inked similar deals …
The New Jersey Division of Gaming Enforcement (NJDGE) revealed a 3 percent drop in Atlantic City casino industry revenues for the month of April, but a double-digit rise in internet gambling revenues. Internet gambling showed growth of 11 percent to almost $12.7 million during the month, but online poker continued its decline by 23 percent …