Figures released for the 2014 fiscal year by the Hellenic Gaming Commission (HGC) show a 9 percent increase in wagers placed amounting to Euro 5.9 billion. The rise in results break a five year drought affected by legal uncertainty, a tough economic environment and cash-strapped consumers. Despite the positive upswing, results remain markedly down from …
Online betting and gaming solutions provider SBTech expanded further in the Asian market following a deal with Gameplay Interactive for the provision of a localised sportsbook. Gameplay Interactive powers Asian-facing operations w88.com, m777.com, Vwin.com and Maxim among others, all of whom will have access to the integration of SBTech’s sportsbook tailored for the unique Asian …
U.S. gaming technology firm Gamblit Gaming has appointed Darion Lowenstein as chief marketing officer. Current chief marketing officer David Chang will move to the position of head of industry relations. The firm is in the process of transitioning into an operational company with two distinct marketing initiatives: revenue generation and industry outreach, a press statement …
Amaya Gaming Group’s newly formed spin-off Innova Gaming Group Inc. successfully completed an initial public offering (IPO) and a secondary offering of its common shares to begin trading on the Toronto Stock Exchange this week. Immediately prior to the completion of Innova’s I.P.O., the entity acquired all of the shares of Diamond Game Enterprises (DGE), …
Scientific Games Corporation (SGC) has penned a deal with Penn National Gaming (PNG) for the deployment of its SG Universe product suite at four PNG properties. PNG expects to launch SGC’s mobile concierge and Play4Fun Social Network products at its Hollywood Casino at Charles Town Races in the next few months. The other three PNG …
The Rank Group Plc has appointed Christopher Bell (57) to the board as a senior independent director effective June 1, 2015. Bell will also serve on Rank’s audit committee. Bell is the former managing director of the then Hilton Group’s Ladbrokes Worldwide business, subsequently serving as chief executive officer of the newly named Ladbrokes PLC …
Online gambling platform provider Gaming1 has announced the launch of its first white label managed casino and sportsbook platform to meet the growing demand for mobile betting and gaming. Belgian-licensed Circus.be is the first operator to use the product, which is available in regulated markets around the globe. Circus.be manager Karim El Grab, said: “The …
B2B online gambling platform provider Nektan has reached an agreement with Ireland commercial broadcaster TV3 Group to create and operate a white-label multi-platform real-money casino under TV3’s ‘3games.ie’ brand. Nektan, using its Evolve gaming platform, will provide TV3 with a suite of real money slots and table games that will be available via mobile, tablet …
Online gambling group GVC Holdings plc has posted a trading update ahead of its AGM on the Isle of Man today, advising that, subject to AGM approval, shareholders will receive a dividend of 15.5 Euro cents. The company published daily results to date since January 1st 2015, reporting: * Sports wagers up 21.4 percent at …
The legislative recognition by the state of Kentucky of fantasy sports as a game of skill and therefore not gambling took a major pace forward Monday when the state Senate voted 37 to 1 in favour of the pastime. The measure now moves to the state House. The Associated Press news agency reports that the …
Television entertainment media are reporting that online gambling will be the focus in a new episode of the popular television action drama CSI: Cyber due for screening on CBS this Wednesday at 10 p.m. Eastern/9 p.m. Central time. The reports indicate that the industry will be portrayed in a less than flattering light, using questionable …
Industry veteran and former Sportingbet CEO Nigel Payne is to float the multi-branded online bingo business Stride Gaming on London’s Alternative Investment Market this week to assemble the financial clout required for growth through acquisitions. Payne is CEO of Stride, and hopes to raise around GBP 10 million in order to capitalise on the changing …
Finnplay, the Finland-based e-gaming platform provider announced Tuesday that it has signed a content distribution deal with Asian specialist slot developer and provider XIN Gaming. Martin Prantner, chief executive of Finnplay, said: “Asia is a rapidly expanding market for our business. By partnering with XIN Gaming, we can provide and ensure our global clients have …
Singapore flexed its muscle under the country’s recently introduced remote gambling act (see previous reports) this past weekend busting an alleged online gambling ring reported to have received bets of around S$3 million over a two week period. According to Singapore Police, 11 people were arrested in connection with the allegations along with the seizure …
Betclic Everest SAS Group’s Bet-At-Home business continued its robust 2014 performance with the report of a strong first quarter 2015 despite being beset by additional tax burdens. Key performance highlights for the three-month period ending March 31, 2015 include: Earnings before taxes up 19.1 percent to Euro 9.8 million An increase in gross betting and …
Analyst predictions of a further decline in Macau gambling revenues in April have proved disappointingly correct following the release of official numbers that show a steep dive of 38.8 percent y-o-y…the eleventh consecutive monthly fall. On the brighter side, some analysts feel that the market may have bottomed out, and some upward share price movement …
Former Australian RTG online casino operator Brian Goodman’s online gambling business Elray Resources is looking at new verticals in the industry, although its share price has lagged in recent weeks, reports the publication Micro Cap Insider. Elray owns and licenses gaming intellectual property, gaming domains, trademarks and player databases and is registered in the United …
Two US Congressmen, Senator Tom Udall (D-N.M.) and Representative Joe Pitts (R-Pa.) have created something of a furore in the American horse racing industry by introducing a proposal in the House and the Senate that seeks to end the industry’s legislative “sweetheart” status regarding gambling exemptions. Reporting on the proposal over the weekend the industry …
MGM Resorts chief executive (and, incidentally, chairman of the AGA) Jim Murren nailed his colours firmly to the mast on the question of a US federal online gambling ban over the weekend, saying that his company “wholeheartedly opposes” the proposed Restoration of America’s Wire Act, a bill supported by rival Sheldon Adelson. Murren was clarifying …
The Australian betting group Tabcorp Holdings Limited provided a trading update Monday for the third quarter of its fiscal 2015 financial year. Reported Q3-2015 group revenue was A$ 508.7 million, up 3.3 percent on the prior corresponding period. Year-to-date revenue is A$1,623.9 million, up 5.6 percent y-o-y. “Tabcorp achieved revenue growth in the third quarter, …
The 2013 dismantling of the Legends online sports betting ring in the United States (see previous reports) entered its closing chapter late last week in an Oklahoma City federal court when one of the principle defendants, Bartice King (44), was found guilty of conducting an illegal gambling business and engaging in a conspiracy to commit …
The Coalition to Stop Internet Gambling, an action group funded by land casino billionaire Sheldon Adelson, has published the results of a survey it has commissioned that purports to show that the majority of Pennsylvanians do not want legalised online gambling. The study was carried out by polling firm Harper Polling, which is a “robo-polling” …
The third in a series of Pennsylvanian political hearings on gambling by state Representatives (see previous reports) took place at the end of last week at the Mohegan Sun Pocono in the north east of the state. The state House Gaming Oversight Committee, chaired by Rep. John Payne, has been considering a variety of gambling …
The US Attorney’s Office in San Diego has advised in a press release that local brothers Jan and Erik Portocarrero and Joseph Barrios have pleaded guilty to racketeering conspiracy charges involving an illegal international sports-gambling ring that made millions of dollars. Prosecutors said that the brothers ran an Internet and telephone gambling enterprise called “Macho …