Two major legal battles against the Dutch penchant for state monopolised gambling start this week in the European Court of Justice.
The Times reports that Sir Richard Branson is to partner up with an unidentified investment company and the Dutch-owned People’s Postcode Lottery (PPL), in a bid for control of Camelot, the UK’s National Lottery operator. The consortium is reportedly interested in acquiring an eighty percent stake in the operator.
Kentucky’s major horseracing group, Churchill Downs Inc., has signed a $127 million agreement to purchase the Burbank, California-based online betting site Youbet.com.
CasperP of Copenhagen is one lucky Dane, having aced a Euro 264 667 jackpot on the Geisha Wonders slot at Bet24.com this week.
Net Entertainment’s glitzy 5-reel, 25-line progressive video slot Mega Fortune has created another instant multi-millionaire with a Euro 4 million jackpot hit by a Swedish payer.
Online bingo site Mecca Bingo.com has announced that one of its virtual players, ‘dreamer80’, took home a GBP 100 000 jackpot as part of the site’s Lucky Pink Box promotional campaign last week.
Politicians in the eastern European nation of Poland moved a step closer to implementation of severe gambling resrictions Tuesday when they approved a draft law proposed by Prime Minister Donald Tusk.
September ’09 numbers from the Nevada Gaming Control Board show winnings from gamblers at land casinos in the state declined in September for the 21st month in a row.
The newly introduced affiliate marketers’ association, the Gambling Affiliates Union, has announced the endorsement of its first affiliate program,
The US interactive marketing services provider GameLogic, Inc., has completed an integration initiative with the popular social networking site Facebook, claring the way for the use of its PlayAway, PlayerVantage and New Play suite of products. These programs extend GameLogic’s Internet player/database marketing platform to the rapidly growing world of social media.
888.com’s b2b subsidiary Dragonfish performed sufficiently well to limit a decline in Q3 revenues at the online gambling group, but Management still posted a drop of 10 percent compared to Q3, 2008.
Gambling in Europe contributed over Euro 3.4 billion to European Union sport, a new study commissioned by the Remote Gambling Association has found.
Online gambling software developer Playtech plc has appointed former hedge fund manager Ross Hawley to the newly created post of Head of Investor Relations.
Camelot, the operator of the UK lottery, has announced that the holders of the two winning tickets – each worth GBP 45.5 million – in Friday’s EuroMillions draw will be introduced to the media in London on Tuesday.
The Remote Gambling Association held its agm in London recently, and took the opportunity to unveil the latest study on the very significant contribution of the gambling sector to European Union sport.
In an op-ed article published this week in the Washington publication Roll Call, Representative Jared Polis (D-CO) argues that regulating Internet gambling in order to protect consumers and generate up to $42 billion in new revenue is a “sensible approach.”
The UK server based gaming supplier Inspired Gaming plc has issued a trading update claiming that its business has stabilised and recovered in the year to September 26 2009, following an “exceptionally difficult” 2008. The company also announced a capital reorganisation aimed at simplifying the capital structure and improving liquidity in the stock.
Neovia Financial plc issued a trading statement this week on its quarter three performance for the period ended September 2009, but the news wasn’t good – a 21 percent year-on-year decline in revenue.
High value lottery wins in several countries have been recently recorded.
The weekend’s most inspiring editorial content came from the revered UK newspaper The Financial Times, which opined that online gambling companies are preparing for consolidation over the next two years amid cautious optimism that the pace of broadband penetration and more open policies by several governments will herald a period of sustained growth.
Details are as yet unknown, but one lucky online punter hit the progressive jackpot big this weeked, taking down the $117 864 jackpot on Cryptologic’s progressive Caribbean Stud Poker.
Twenty four hours after the winning numbers were announced in Britain’s biggest yet lottery draw, the two winning ticket holders have yet to come forward to collect over GBP 90 million between them.
The defeat of New Jersey governor Jon Corzine by incoming governor Chris Christie earlier this week does not mean the end of New Jersey’s legal action to bring sportsbetting to the state, reports NJBiz.
The conventional wisdom is that winning a major lottery jackpot is a once-in-a-lifetime experience, but a South African businessman has just proved that it can be a repeat performance.