Following the announcement yesterday that Bwin.Party is to pay the retro-active Spanish online gambling tax, rival group Sportingbet has announced that it will also pay up, assessing that this will cost the company Euro 14 million, plus surcharges and interest of up to Euro 3.2 million. “The payment of these taxes maximises the likelihood of …
The cat-and-mouse game played between online gambling operators and so-called advantage players has resulted in hugely complicated and lengthy Terms and Conditions at many online venues, and bitter debates over their application. This week a UK court threw out a spread betting firm’s case, ruling that the company’s 49-page terms and conditions were an “unfair …
Following its frenetic IPO launch at $42.05 a share last Friday, social networking site Facebook was back at $38.23 – Thursday’s proposed price – by afternoon trading Monday, disappointing many analysts and investors. During initial trading the stock rose as high as $45, only to drop back as the day wore on. Media reports were …
The China Daily newspaper reports that lottery sales in China increased 26.4 percent year-on-year in April to reach 23.58 billion yuan ($3.73 billion), according to Ministry of Finance numbers released today (Tuesday.) Welfare lottery ticket sales amounted to 13.35 billion yuan in April, up 26.1 percent from a year ago, while sales of sports lottery …
Operating an internet gambling shop in Malaysia’s heavily enforced anti-gambling environment is a risky venture at the best of times; reopening in the same location after a police raid is just asking for trouble, as an unnamed operator found to his cost over the weekend. Just weeks after being prosecuted – and losing valuable computer …
Jody K., a young mother on maternity leave, had a lucky run when she won a $172 320 progressive jackpot playing the Enchanted Gems slot at WinADay Casino.com. The excited winner was looking forward to shopping for her kids and will invest the rest in their education.
At last the Maltese Lotteries and Gaming Authority (LGA) has responded on the Purple Lounge issue with a brief public statement on its website revealing that Purple Lounge (Malta) Limited requested that the LGA terminate its licences on April, 23 2012. The Authority assures readers that it terminated the licences only after it had confirmed …
.party Digital has taken exception to its inclusion on the Belgian Gaming Commission’s black list and has reportedly initiated an interim injunction against the Gaming Commission and the Belgian Federal Justice Minister Annemie Turtelboom. According to Belgian publication L’Echo, the summary procedure was instituted at the Court of First Instance in Brussels late last week …
WMS Industries will enhance its B2B game server and interactive content distribution with the acquisition of online gaming content provider Jadestone Group AB for an undisclosed consideration. Termed as a “tuck-in” acquisition, Jadestone capabilities will enhance WMS’ portfolio of gaming content, online products and content distribution for online gaming companies while accelerating its strategy of …
It’s now been a week since Purple Lounge Casino players learned of the unlamented departure from parent Media Corp plc of chairman Justin Drummond and chief executive officer Sara Vincent, yet players have still not been contacted directly by the new management to assure them that their reportedly segregated funds remain safe, or given any …
Despite higher revenues across the group, Chinese gambling firm AGTech produced a mediocre financial performance in Q1-2012, posting the following numbers: * Revenues up 117 percent to HK$42.3 million. * Gross profit up 73.2 percent to HK$25.2 million * Operating profit of HK$674, 000; an improvement compared with last year’s Q1 loss of HK$2.4 million. …
Europe’s biggest online gambling operator, Bwin.Party digital entertainment, has issued a statement explaining its position on Spanish market regulatory and taxation issues, noting that: • Spain is expected to issue eGaming licences for all products (except slots) at the beginning of June 2012 • The Spanish tax authority has required that online operators with customers …
Jamaica’s reputation as a centre for lottery fraudsters may be positively changed as the extensive police drive against the fraudsters on the Caribbean island continues to disrupt fraud rings and send crooks scurrying for cover. Over the past few weeks a special police task force has been raiding premises, seizing ill-gotten gains and information and …
Online gambling group Betfair is about to launch a new fixed-odds betting website that will bring it into more direct competition with traditional bookies, The Telegraph newspaper reported Sunday. The new site will apparently be ready for action in time for the Euro 2012 football championship, and will widen the internet betting company’s offering into …
Joplin, Missouri resident Kenneth B. Lovett (72), who was arrested earlier this year on 16 counts of running illegal online gambling operations has pleaded guilty to a single count to reduce his liability. Appearing in the Springfield district court Friday, Lovett entered a plea of transmitting wagering information over the Internet. The plea agreement Lovett …
Perhaps unsurprisingly, given the tough economic conditions, the Greek gambling monopoly OPAP turned in a weak set of Q1-2012 numbers this week, reporting: • Revenues down 5 percent to Euro 1,065.2 million (2011: Euro 1,121.4 million) • EBITDA 13.9 percent lower to Euro 184.4 million (2011: Euro 214.2 million) • Distribution costs down by 7.6 …
The Alderney Gambling Control Commission has awarded its 105th licence to its first International charity lottery. The People’s Postcode Lottery forms part of global charity lottery group Novamedia/Postcode Lotteries who according to London newspaper City AM is the third largest private fundraiser in the world. Robin Le Prevost, director for eCommerce Development for the States …
Buzz Sports, the Leeds-based gaming start up, has announced yet another deal for its flagship product ZonePlay with Asian operator Dafabet.com Dafabet’s latest addition will allow players throughout Asia to bet alongside live televised sport whilst watching from home. Buzz Sports’ chief commercial officer, Ian Williams, said, “Following on from agreements with Boylesports, Inplay Matrix, …
Live dealer gaming provider Evolution Gaming has done well in securing an extension to its existing contract with bwin.party digital that names it exclusive live casino solution provider across all bwin.party brands worldwide for a three-year period. Under the terms of the new deal, Evolution will deliver localised Live Casino solutions, both at .com level …
Paddy Power plc has every intention of entering a legalised online gambling market in the United States, has set up an office in that country and is actively talking to potential American partners, chief executive Patrick Kennedy told the Independent.ie after presenting his company’s results at the agm this week. Kennedy refused to divulge details …
SKAT, the recently formed Danish gambling regulator, has wasted no time in developing links with other European regulatory regimes, signing MOUs with Malta, Gibraltar, Alderney, Jersey and the Isle of Man. The agreements are designed to promote closer and more efficient cooperation between the regulators on issues of common interest, enabling them to share ideas …
RocketFrog, a social gaming product devised by serial American entrepreneur Brett Calapp, is pulling the social punters in to its Facebook site with a series of multiplayer tournaments for poker, blackjack and slots in which players can set-up multi-player competitions with friends and family for prizes. Using well-executed and amusing cartoon graphics (check out the …
WinADay casino has launched another of its proprietary slots, developed by an in-house team and linked to the company’s progressive jackpot. The 5 reel, 20 pay-line slot is titled Joker’s Tricks, and features bright, full screen graphics and a free spins bonus round that activates randomly Three or more Joker symbols activate a Trick: Double …
Yet another major American conference focused on internet gambling legalisation Thursday, with one outspoken industry executive telling delegates: “In a Congress that can’t agree on what day it is, the thought that they’re going to agree to put casino gambling in every living room in America is ridiculous.” Richard Bronson, a former land gambling executive …