The UK government has launched a consultation initiative on the regulation of binary options, an area of growing interest to online gambling companies….witness Playtech’s acquisition of FXTrade recently (see previous reports) The main thrust of the consultation, which is being driven by HM Treasury, is on which body should control the new sector, the UK …
UK social gaming operator Gaming Realms has signed a deal to sell its online bingo brands Bingo Godz and Castle Jackpot to European Domain Management, a British online gambling operator. The consideration agreed is GBP 500,000, to be paid GBP 200,000 upfront and the balance over 17 months. Alderney-based European Domain Management will use the …
New statistics from the Italian Observatory on Online Gaming report prepared by the University of Milan show that Italian online punters wagered Euro 726 million in 2014, a mere 0.1 percent rise year-on-year. Casino action was that most favoured by players, generating Euro 255 million or 31.5 percent of all online action, a rise of …
Bookmaking firms expect to see around GBP 100 million in bets made on the outcome of the May 7 general election in Britain, reports the Reuters news agency, noting that this is the closest-fought election in a generation and could result in a hung parliament and coalition government deals. Individual punters are betting on their …
Online gambling software developer Topgame’s latest online slot has a rather macabre theme based on the Dia de los Muertos (Day of the Dead), Mexico’s unique annual holiday festival where families and friends remember and pray for those who have passed on. The symbols used in the game capture the ambience of the festival with …
Over the past 12 hours it appears that Microgaming’s Mega Moolah progressive jackpot has been hit, with lucky mobile punter MarkA in line for a full $7,561,766 pay-out. Details are scarce at present, but it is understand that the jackpot was hit at Royal Vegas Casino. Since 2009 Mega Moolah has on average paid out …
Prague-based online gambling software developer Endorphina has revealed that its next online slot will be titled Satoshi Secret, and will be themed on the Bitcoin trend currently sweeping through online casino operators. The developer is playing its cards close to its chest on the content of the new game, other than to say that is …
Online gambling group Amaya Gaming has again made good on its undertakings to shed non-core assets, announcing the sale this week of software developers Amaya (Alberta) – formerly Chartwell Technology – and Cryptologic to NYX Gaming Group for a consideration of Cdn$ 150 million satisfied through a share purchase agreement. The transaction is anticipated to …
London-based i-gaming technology provider Genii has appointed Nick Barr as Sales Director driving its products in the industry, with the company’s ‘revolutionary’ Spin16 slot software in the forefront. Barr has extensive sales experience within the iGaming industry and commented this week: “It is an exciting time to join Genii as we take the most creative …
Experienced BetVictor VIP manager Chris Willmott has left the Mediterranean climate of Gibraltar for the less salubrious weather of Yorkshire, where he has been appointed VIP director at SkyBet. Willmott spent almost five years with BetVictor International, where he was at first business development director, and then managed and recruited top customers for the company. …
The Montreal-based online gambling group Amaya Gaming has again issued a statement protesting its innocence following the publication of redacted search warrant documentation associated with an enquiry into trading around the company’s $4.9 billion acquisition of the Rational Group being carried out by the AMF – Quebec’s securities regulator. In a further statement this week …
Fortuna Entertainment stockholders will have to forego their 2014 dividend following a decision by the company’s Board, which is intent on investing in future growth opportunities. These are particularly important regarding a new IT platform enabling multi-channel, -product and -country capability, operational excellence, and people that will support further organic growth and expansion into Central …
The latest advertising campaign from online gambling group Unibet integrates the group’s live event streaming with its credentials as a respected bookmaking company and is titled “Frozen Moments”. Created by the Albion agency, the campaign centres on a television presentation that features sportsmen in real scenarios, slowed down to pin-point the moment when the game …
Playing on All Fools Day earlier this month, veteran Liberty Slots player Ellen turned a stake of $25 into a $100,000 slots pay day Playing the slot Birds of Paradise, Ellen was wagering a modest $1.25 a spin until a couple of Free Spin features with doubling multipliers presented her with an opportunity to really …
The Romanian government has triggered an investigation into the affairs of national lottery Loteria Romania, accusing the company of entering the gambling proper business without licence or authority by introducing 6,263 slot machines over the period 2006 to 2014 in collaboration with an Intralot subsidiary, Lotrom SA. Prosecutors claimed Wednesday that this illegal activity has …
San Francisco-based social gaming giant Zynga has announced the resignation of CEO Don Mattrick after just short of two years in the CEO hot seat; he will be replaced by Zynga founder Mark Pincus at the helm of the troubled company. The publications Verge and GamaSutra reported Wednesday that Mattrick felt it was time to …
The publication Forbes magazine reported on the latest gambling stats from respected analyst group Morgan Stanley this week, which estimated current revenues of the global land and online gambling market at $423 billion. Lotteries accounted for 29 percent of overall revenues at $121 billion, with what the report terms “other gambling” such as sports betting …
The Casinos Austria group, which has enjoyed a stellar performance from its online subsidiary Win2Day for years, has reported that 2014 revenues from the operation declined for the first time due to growing competition and a decline in online poker activity in Europe. Turnover at Win2Day shrank by 1.6 percent year-on-year to Euro 1.18 billion, …
The 2014 annual report issued by Dutch gambling regulator Kansspelautoriteit last week offers some interesting statistics regarding the Dutch market: * 22 investigations were launched by the KSA into illegal online gambling, and 19 enquiries were started regarding illegal promotion of online gambling; the results are not recorded; * The regulator shut down “several” illegal …
The Republic of Kazakhstan’s Senate committee is reportedly in the process of debating a draft law on amendments to a range of legislative acts that include gambling. Amendments to existing gambling law were introduced by Kazakhstan’s Minister of Culture and Sports, Arystanbek Mukhamediuly, at an extended session of the Committee for economic policy, innovative development …
Interactive gaming services provider NetPlay TV plc has extended and expanded its relationship with UK television network Channel 5 in a new contract until 2018. Under the terms of the agreement, NetPlay TV will now have “significant” pre-midnight advertising along with its existing post midnight tele-shopping airtime. In addition, it is intended that the deal …
The Intertain Group Limited has completed its acquisition of the Jackpotjoy, Botemania and Starspins operations from Gamesys saying the purchase is expected to add substantial free cash flow to its business allowing it to further target the female demographic in regulated markets. The Intertain Group paid an initial purchase price of GBP 425.8 million . …
Svea Casino is the first white label launch from Cherry’s collaboration with affiliate business Game Lounge. Our readers will recall Cherry acquiring a 51 percent stake in Game Lounge earlier this year. The new destination targeting the Scandinavian market offers gaming content from NetEnt, Microgaming, Yggdrasil Gaming and Amaya along with a sleek simple design …
British games developer Realistic Games has launched a proprietary Hi Lo Blackjack side bet to its multi-channel Blackjack. Players are able to place a wager on whether their second card will be higher or lower than the first using the proprietary side bet game. Commercial director, Andy Harris, said: “As the revenues at many of …