A record Gold Mega Jackpot hit on bwin casino was recorded this week, won by a Greek hairdresser identified only as “Charalampos T” who turned Euro 0.20 cents into an unbelievable Euro 826 127.00 playing the Dragon’s Hoard game. A delighted Charalampos T said: “I cannot describe my joy since I realized that I have …
Unable to find resolution with German tax authorities, the Betfair Group Plc will withdraw its exchange product from the country saying “a five percent tax on sports betting stakes introduced this year make its exchange model unviable in Germany”. Betfair disputes that the new tax laws, that would make it liable for the 5 percent …
An interim management statement from online gaming provider Playtech for the period ending September 30, 2012 delivered strong results across the board with the exception of poker. The firms profit share on its William Hill Online joint venture (WHO) is up 50 percent compared to the same period last year. Other financial highlights include: – …
Canadian gaming provider Amaya Gaming Group has completed the outright purchase of gaming machine supplier Cadillac Jack for a consideration of $ 177 Million, financing the transaction through a combination of cash on hand and a $110 Million non-convertible senior secured term loan secured by Cadillac Jack’s assets. “The acquisition of Cadillac Jack is a …
Live dealer gaming provider Evolution Gaming has designed and deployed a Live Roulette studio within Grupo Orenes‘ land-based casino Rincón de Pepe in Murcia in an agreement announced this week. Under the terms of the agreement, any licensed Spanish online gambling operator will be able to stream Live Roulette games to its players from the …
Sportech PLC division Sportech Racing will provide its Quantum System pari-mutuel wagering software and a customised internet betting platform to Chilean thoroughbred racetracks Club Hipico de Santiago and Sociedad Hipodromo Chile to support wagering from five racetracks and two hundred and ten off-track betting locations. Under the terms of the deal, Chile who now joins …
Cantor Gaming has clinched another deal that will see Vertigo Enterprises LLC’s Las Vegas-situated Outpost Saloon offer its customers a Cantor Gaming Sports Wagering Account. Outpost Saloon patrons will be able to open a Cantor Gaming sports wagering account as well as fund their account, withdraw funds and wager through their accounts on their Cantor …
The British broadcasting regulator OFCOM has chastised Channel 4 Racing for “overly prompting a betting offer from sponsor Ladbrokes” following several complaints from viewers. In an interview with a Ladbrokes representative David Williams during the Channel 4 programme Racing, viewers were invited to take part in a special betting offer on the horse Camelot during …
Service provider ComTrade has entered into a licence agreement with Genting Alderney for the provision of its iGaming platform providing a single customer view and wallet across all products and channels including online, social and mobile. Genting will be able to integrate products and content through third party suppliers via ComTrade’s gaming platform while delivering …
The White Bear First Nation in Saskatchewan has forged ahead and launched its Northern Bear Casino on the GEOBet Tribal Gambling Network despite the Minister responsible for the Saskatchewan Liquor and Gaming Authority Donna Harpauer unequivocably stating earlier this week that any online casino would be deemed illegal. Bernard Shepherd, chief executive officer of Northern …
The Canadian Atlantic Lottery Corporation is reportedly reassessing its total capital investment of around Cdn$3.85 million (as at June 2012) on an equity stake in the British internet gaming company Roboreus and its Geosweep product. Geosweep is an variation on the normal lottery business model but instead of wagering on a lottery ticket number, the …
German firm Tipp24SE presented its performance report on the first nine months of 2012, saying it will focus its future activities on growing its international business. Key performance highlights include: ‘- Consolidated revenue up 1.7 percent to Euro 105.1 million (9M/2011: Euro 103.3 million) – EBIT up 14.5 percent to Euro 47.5 million (9M/2011: Euro …
Louisville, Kentucky-based horse racing firm Churchill Downs Incorporated (CDI) released uninspiring third quarter results presenting flat growth in overall revenues. While the Company’s online business fared better than its terrestrial horse racing divisions showing a net revenue growth of 9 percent, EBITDA was negatively affected by launch costs of its new real-money gaming site Luckity.com …
The news earlier this week that the White Bear First Nation in Saskatchewan is to launch an online casino has prompted a response from the provincial government laying to rest speculation that it planned to join Quebec, British Columbia and Ontario in entering the online gambling sector. The CBC reports that Donna Harpauer, the minister …
UK bookmaker William Hill Sportsbook and Racebook launched a country-specific website and media campaign in Sweden this week. The Company’s expansion into a new foreign market will provide Swedish players with its football betting product which includes a range of pre-match and in-play markets on the Allsvenskan (the Swedish professional football club league) and the …
The UK Gambling Commission released its latest quarterly survey results for the period ending September 2012 with findings showing a decrease in respondents indulging in remote gambling (excluding National Lottery products) compared to last year bringing it to its lowest level since 2007, probably as a result of the ongoing economic recession. The survey undertaken …
Digital sports media firm PERFORM’s Goal.com has inked a deal with Totel Football, a fantasy football website. Totel football offers players the chance to participate on a weekly basis or across an entire season, with guaranteed prize pools of up to GBP 60 000. Players can select their dream team from a number of leagues …
Media Corporation PLC, the parent group of the failed Purple Lounge operation where players still remain unpaid, has raised GBP600 000 to fund the launch of its online gaming platform Intabet and provide general working capital for the Company. The company raised the funds through a conditional placing of 157 500 000 new ordinary shares …
Trekkies will be pleased to hear that International Game Technology (IGT) has released a new Star Trek online slot game titled “Star Trek: Against All Odds”. The skill-based, arcade-style game features an Enterprise Defender shoot-em-up bonus that challenges players to destroy as many incoming Romulan missiles in 45 seconds. Players are awarded the rank of …
Media Corporation PLC, the owner of the now defunct Purple Lounge, has launched a mobile, digital and social network advertising service through a newly formed company named Media Corporation Social Networks. The new offering will operate in conjunction with the company’s advertising division Eyeconomy offering its customers a way to monetise their social media presence …
The Saskatchewan First Nation tribe’s first online casino in conjunction with the GeoBET Gambling Network is set for launch this week according to The Star Phoenix newspaper. The move is sure to illicit a response from Canadian provincial and/or federal government over the legality of the offering, however, Bernie Shepherd, the former Chief of the …
Net Entertainment has advised interested parties that the Swedish Tax Agency (STA) may reassess the firm’s tax liabilities to the tune of an additional SEK 88 087 802 (around GBP 8.2 Million). The STA presented a preliminary opinion following a tax audit on Net Entertainment AB for the 2001 to 2010 fiscal period saying it …
The diligence of California state lottery officials worked well for a 69-year-old financially battling pensioner this week, enabling her to claim a $23 million lottery win on a ticket due to expire on November 26. In a story that has made headlines around the world, state officials went the extra mile in trying to find …
German gambling regulators considering a reported 90 applicants vying for the county’s 20 sports betting licenses have advised applicants that they will have to drop online casino and poker activities if they are among the lucky few to secure a licence. Attempts to get around this condition by corporate manoeuvring have clearly been anticipated, because …