The Bwin.Party Shares Trust, a vehicle used for employee remuneration purposes, was boosted this week by an additional 350,000 shares purchased with a “gifting” from the company at 109.51 pence per share. The shares will not carry voting rights. A company statement revealed: “Funds to carry out this purchase were gifted to the Trust by …
The acrimonious proxy fight over the future composition of the International Game Technology board of directors took a surprise turn Thursday when IGT announced that one of the four individuals seeking election to the board against the wishes of the company has withdrawn from the race. Jason Ader has withdrawn his intent to nominate himself …
Sebastian River Holdings, Inc. (OTC:SBRH), has announced that it is currently engaged in negotiations aimed at putting together a joint venture with an unidentified online gambling software provider. The goal of the JV is to deliver an online, multi-delivery channel gaming product that includes apps for social media gaming, a sector which the company says …
The Tasmanian activist organisation Get Up!, which encourages the public to use its facilities to draw attention and protest on a multitude of current issues, was itself under attack this week by the publication International.to over the origin of A$ 117,000 in donations from an individual associated with online games development. The Financial Review reports …
With the political furore growing following the publication by the Campaign for Fairer Gambling of regionally detailed stats on Fixed Odds Betting Terminals wagering, the UK government’s Culture Minister intervened Thursday, ruling out a crackdown on the machines. Culture minister Hugh Robertson told Parliament that there was little evidence FOBTs caused serious problems despite Labour …
The list of US states interested in expanding lottery activities to the online environment just keeps growing, with Michigan the latest to seek expert proposals for the ““development, implementation, operational support and maintenance of an iLottery System and iLottery Games.” The state lottery is interested in taking its existing games offering, which includes keno and …
Atlantic City’s 12 embattled land casinos took in $3.05 billion in 2012, an 8 percent decline over 2011’s tally and a 41 percent decline from a peak of $5.2 billion back in 2006. The figures were released Thursday by the New Jersey Division of Gaming Enforcement, which reported that in December Atlantic City casinos suffered …
Florida legislators have not given up on addressing the problem of Internet gambling cafes, despite failing to impose a ban last year after the measure died in the state Senate. The games, which are very similar to slot machines, operate in a grey area of the law because they don’t technically qualify as a game …
The American Gaming Association, a trade body that represents the interests of most of Nevada’s major land gambling companies, has revisited its policy on Internet sweepstakes cafes, estimating that gambling on the genre produces earnings of $10 billion a year. “The businesses, which are designed to take advantage of state sweepstakes laws and avoid state …
Official statistics from the Nevada Gaming Control Board released Thursday show that land casinos in the Silver State experienced a tough November, with total gambling revenue falling 11.1 percent to $782.6 million in the month. On the Las Vegas Strip, which accounts for more than half the total, revenue fell almost 13 percent to $431.9 …
The WinADay online casino cut a cheque for $243,261 this week for TarynL, an online punter who hit the progressive jackpot on the Leprechaun Luck slot between Christmas and New Year. Although a large win, Taryn’s big hit did not break WinADay’s record – that remains with another woman player, VeraM, who collected a $255,462 …
In a statement Thursday, Northern Ireland‘s Social Development Minister Nelson McCausland revealed that the country’s antiquated gambling laws are to be revamped with emphasis on protecting the young and vulnerable, and on compliance with EU law. “It is necessary to update the current gambling laws in order to address the rapidly changing gambling environment that …
The commercial partnership between games developer Sheriff Gaming in the Netherlands and Isle of Man-based turnkey provider Microgaming has delivered another game for the latter’s QuickFire platform. The companies announced Thursday that Sheriff’s popular 3D, 5 reel video slot Dr. Magoo, themed on the much-loved and short-sighted cartoon character, is now available on instant play …
Bwin.Party Digital Entertainment issued its pre-close trading update Wednesday, expressing the hope that the confusing German gambling law situation can be resolved and a more liberal regime established, and assuring investors that the company is performing to expectations. Highlights of the update include: * Trading since 30 September 2012 has been in-line with management’s expectations …
Live dealer platform provider EntwineTech in the Philippines has announced the online launch of Super 6, the popular no-commission Baccarat game that has proved a major hit in Asian land-based casinos. Entwine’s version of the game sees the customary 5 percent commission on payouts on Banker bets scrapped – the only deduction now is if …
If a gambler self-excludes at a gambling venue, then manages to fool the system and returns to win big, should he or she be paid out? That’s one of the interesting questions that could emerge from a class action application by two Canadian gamblers which was approved Wednesday for trial by British Columbia Supreme Court …
British television personality and actor Keith Chegwin (56) went a little overboard on Twitter this week with an enthusiastic but rather heavy handed tweet urging followers to visit the PCH Prizes website associated with the Alderney-licensed Genting land and online gambling group. The tweet triggered a complaint from a member of the public that it …
The Danish online gambling regulator has summarised operations in the first nine month period since the jurisdiction was opened up to foreign companies, reporting that the first quarter was the best for sports betting licensees, whilst online casino operators fared better in Q2. Gross gaming revenues varied widely: * Almost half of the 51 licensees …
Illegal internet gambling in Malaysia poses a threat to the goals of the nation’s one-year-old minimum wages policy because citizens may fritter away wage increases on gambling online instead of improving the lifestyles of themselves and their families, claims Oscar Ling, a special adviser to Malaysia MP Wong Ho Leng. The local newspaper The Star …
The Lottomatica Group and US gaming equipment and games supplier International Game Technology have extended their e-gaming partnership to include an intensified sally into the Italian market. The earlier partnership involved IGT providing game content and gaming machines to the Italian VLT (Comma 6b) gaming markets, whilst Lottomatica offered IGT’s full suite of online slots …
In a GBP 14.7 million agreement announced Tuesday, Betfred and subsidiary Totepool revealed that they have retained pool-betting rights and on-course betting at 31 Racecourse Media Group racetracks. The courses include Cheltenham, Aintree, Newmarket, Epsom, York, Newbury, Goodwood, Sandown and Ascot, which is scheduled to join RMG in June 2014. The pool betting arrangement means …
The new sponsor for the Australian National Rugby League is Aussie bookmaker company Tom Waterhouse, which laid out a reported Aus$50 million in decisively outbidding incumbent rival TAB Sportsbet for the deal. TAB Sportsbet will nevertheless retain its status as an NRL approved wagering operator, although Waterhouse gets the rights to signage, corporate hospitality and …
The European Commission has cleared the way for the northern German state of Schleswig Holstein to re-join the restrictive German Interstate Treaty on gambling despite the province already issuing 27 sports betting and online casino and poker licenses to major European companies – well over the total of 20 sports betting licenses allowed nationally under …
Social gaming giant Zynga‘s interest in getting into the online gambling sector is well known, but an analysis of its patents by the intellectual property publication EnvisionIP this week showed just how deep that is. Envision reports that over the past year the number of patents lodged by Zynga has soared from 1, with 9 …