The major Kentucky land and online gambling group Churchill Downs has announced agreements to acquire two land gambling firms, Presque Isle Downs & Casino in Erie, Pennsylvania and Lady Luck Casino in Vicksburg, Mississippi for a total aggregate consideration of approximately $229.5 million, to be paid in cash. The Lady Luck Vicksburg transaction is expected …
Figures for February 2018 released Thursday by the Macau regulator showcase a performance lower than that expected by analysts, with revenues up y-o-y just 5.7 percent at 24.3 billion patacas ($3.02 billion). Whilst this was still the highest growth achieved in the past year, analysts pointed out that expectations were higher given a big-spending Chinese …
Mobile gambling group LeoVegas has announced the completion of its acquisition of the assets of Intellectual Property & Software Limited (“IPS”) and related assets from two other companies with top brands such as 21.co.uk, Slotboss, BetUK and UKCasino. On 12 January 2018 LeoVegas announced its acquisition of the assets, and it advised this week that …
PokerStars online casino has announced that it minted yet another millionaire on 13 February, when a player called “Zetheriver” from Norway won $1,608,448 while playing Genie Jackpots. This follows a massive win in December by “IL62-Night” from Russia, who walked away with $1,409,566 after playing Stars Mega Spin.
If efforts in the Austrian legislature bear fruit, unlicensed online gambling operators could face the double perils of ISP blocking and a situation in which punters are permitted to claim for retrospective losses. Austrian lawmakers have for years seemed intent on protecting gambling companies in which the state has a financial interest from competition by …
Rep. Brandt Iden of the Michigan House updated local reporters on the progress of online gambling legalisation bills in the state House and Senate this week. Rep. Iden has emerged as the pointman on the House proposals, and claimed that both Senate and House bills have cleared their respective committees and now await action by …
Fourth quarter and FY 2017 reports from Scientific Games Wednesday show that net loss declined to $43.1 million from $110.8 million in the prior-year period, reflecting improvements in operating income and a $14.8 million decrease in interest expense. The improvement was partially offset by a $62.1 million decline in income tax benefit. Q-4 kpis included: …
In a short information briefing Wednesday hosted by Connecticut House Majority Leader Matthew Ritter; Public Safety and Security Committee chair Rep.Joe Verrengia and House Speaker Joseph Aresimowicz, interested parties were given a breakdown of gambling related legislation currently being considered by state lawmakers. The most pressing legislation is a bill designed to position Connecticut to …
Figures released Wednesday by the Nevada Gaming Control Board show that despite a 2.1 percent year-over-year decline due to the timing of the Chinese new year, overall gambling revenues in the state topped the billion dollar benchmark at $1.02 billion. Reporting the biggest decline over the month the Las Vegas Strip, posted January revenues down …
Kindred Group’s Stan James online sports betting operation has closed its virtual doors, migrating all accounts to the Unibet brand. Kindred Group acquired the online sports betting division of the brand in October 2015 as it targeted expansion into the UK market. The Group will focus on the UK market through its Unibet and recently acquired 32Red brands.
William Hill has found itself in the cross hairs again with the UK Advertising Standards Authority. A TV ad for William Hill, seen on 15 September 2017, was under scrutiny after a complaint that conditions of the promotion applied to horse races, which had at least six runners, was not made sufficiently clear in the ad. The ASA …
The UK Gambling Commission’s (UKGC) Chief Counsel and Executive Director, Neil McArthur, will lead the UKGC as acting chief executive for the next few months until a successor for Sarah Harrison has been appointed. Harrison leaves the UKGC to take up a senior role with the UK Government Department for Business, Energy and Industrial Strategy. “My priority will be progressing …
Headline findings in the latest UK Gambling Commission Annual Gambling Participation Report makes for some interesting reading. The research found that overall, gambling participation had declined since 2016 with 45 percent of people aged 16+ having participated in at least one form of gambling in the past four weeks in 2017 (2016: 48 percent). Other Key findings …
The European Court of Justice (CJEU) has ruled against Hungarian legislation on the grant of concessions for operating traditional casinos and online gambling, saying it is not compatible with European Union (EU) Law. The determination is a result of action brought against UK-licensed Sporting Odds whom Hungarian Tax Authorities fined for offering its services in the market. Sporting Odds asked the Fővárosi …
Booongo’s newest slot release is titled ‘Nord’s War’ in which fierce battles between Wild Vikings and Noble Knights are the order the day. Players need to pick a side in the battle ahead and if their character appears on the reels, the life of their enemy depletes. Five victories over the enemy will trigger 10 free spins. …
Oryx Gaming has partnered Pin Projekt (PP) in a distribution deal that will see PP significantly expand the reach of its new live streaming lottery betting solution, Lotto instant Win (LiW). LiW has been integrated onto Oryx’s omni-channel cross-product platform providing its clients access to the streaming service and enabling customers to place bets on the outcome of a variety …
Pragmatic Play will supply a number of its video slots to Betclic Everest Group following an agreement earlier this month. Hot Safari, Wolf Gold and Gold Rush, among others, have already been integrated and are live with the group’s Betclic, MonteCarlo Casino and Expekt brands. Melissa Summerfield, Chief Commercial Officer at Pragmatic Play, said: “Betclic is an established name in the online …
Online sports betting platform provider Kambi has announced a deal with virtual sports start-up Virtus Sports that will enable Kambi to offer a high-quality and complementary virtual sports betting product to operators. Kambi Group plc has made the strategic investment in order to acquire a 25 percent stake in Virtus through a GBP 500,000 investment …
The German Ice Hockey Federation eV (DEB) has announced a new sponsorship agreement with digital sports betting company LVbet. During the one-year agreement, LVbet will serve as “DEB Official Partner” as well as “Official Partner of the German National Ice Hockey team.” The LVbet brand will gain exposure through televised sporting events, as well as …
The international recruitment firm Boston Link claims its latest set of free reports gives insight into the salaries of the iGaming industry in hubs like the Isle of Man and Malta. Historically the iGaming industry has led the way in how companies should reward their staff, with innovative cultures and highly attractive salaries, the company …
Ainsworth Technology, a gambling technology and equipment supplier based in Australia, has posted a significant reduction in its Net Profit After Tax (NPAT) during the first half of its fiscal 2018 year, attributing the fall to lower domestic sales and a one-off tax adjustment cost. NPAT was down 53 percent year-on-year at A$9.7 million as …
Cyber currency supporters in Israel had encouraging news Tuesday after the Israeli Supreme Court issued a temporary court order to the major financial company Leumi Bank, requiring it to allow trading in cyber currencies, and discontinue its practice of limiting the accounts of firms associated with the burgeoning sector. Readers should however note at the …
West Virginia’s SB415 sports betting bill was passed by the House Finance Committee, just a week after it passed through the State Senate, and now advances to the full House of Delegates for consideration. The bill allows sports betting, including mobile and online, at five state casinos under the regulatory control of the West Virginia …
Over the past week, numerous UK media outlets have reported the imminent sale of a 25 percent stake in the TOTE by Betfred founders Fred and Peter Done. According to Sky News, who broke the story, the prospective sale is valued at GBP 30 million and talks with a ‘consortium of racing industry figures’ are …