Swedish gaming company Cherry AB has completed the sale of all shares in Cherry Maritime Gaming AB, Astral Maritime Services Ltd and Cherry Services Ltd to Bell Casino AB. Cherry received a consideration of SEK 36.3 million through the purchase settlement, dividends from the sold subsidiaries and from repayment of debt to the parent company …
Gambling expansion proposals on three U.S. State ballots have had a mixed response from voters this week. A Maryland State casino expansion proposal was approved by a narrow margin, while another on the Oregan State ballot was rejected. Rhode Island voters opted for a measured approach, approving two expansions while rejecting another. The Maryland State …
A Malaysian police raid led by Asst Supt Shaharudin Abdul Wahab led to the closure of another three gambling outlets in the main city of Mentakab. The raid initiated on a tip-off netted three caretakers and twelve customers aged between 20 and 50 who were partaking in gambling activities. A total of 38 computers, three …
Central European fixed-odds betting operator Fortuna Entertainment Group (FEG) delivered a respectable first nine months of 2012 report with a year-on-year increase of 8.7 percent in total revenues, despite a loss from its lottery segment due to start-up costs. Key highlights over the period include: – Group’s Amounts Staked up 10.7 percent y-o-y to Euro …
Manila-based land and online gambling group Philweb reported an increase of net income for the first three quarters of 2012 amounting to P 681 million (GBP 10.4 Million), 24 percent higher than the previous year which the company attributed to an excellent performance from its e-Games cafes or PEGS that it operates on behalf of …
WinADay Casino has launched its 34th proprietary slot, a new 5-reel, 30-payline premium game titled “Gladiator Games”. The Roman-themed slots game features a well-built Roman soldier who stands guard over the classically-styled slot reels. Once players win all the pieces of armour for the soldier while adding to their trophy chest, an animated bonus game …
The UK Advertising Standards Authority (ASA) ruled on two online gambling adverts this week, finding both lacking. A press advertisement for Trinity Mirror Plc’s Mirror Casino.com that appeared in the Daily Mirror was censured for featuring cartoon characters that included kid-fave Optimus Prime from Transformers. The complainant objected that the ad was irresponsible, because it …
WMS Industries’ operational website Jackpot Party has released its latest Money Burst online slot game titled “Glitz”. As the name suggests, Glitz takes the player into the world of bling, luxury and riches offering 60 lines for 30 credits, clumped Wilds, bonus features and free spins.
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 …