Rossi McKee, the founder and honorary member of the Management Board of the Bulgarian Gaming Association gave his views on Bulgaria’s new gambling law in an interesting interview with YogoNet this week. The law, promulgated in its publishing in the Government Gazette at the end of March 2012, makes provision for the regulation of online …
The Irish Central Bank has lifted its April 5th suspension on financial spread betting firm Marketspreads after investigating its capital adequacy and audit opinion issues. The issues in question are believed to have covered the period immediately before Marketspreads’ current owners bought the business from its previous shareholder, Worldspreads plc, reports the Irish Times. In …
Sheldon Adelson, a Republican Party supporter and land gambling tycoon who has been a consistently vehement opponent of internet gambling legalisation in the USA in any form, reiterated his opposition to the pastime in a Las Vegas Sun article this week. Adelson, who heads the giant land gambling group Las Vegas Sands, told the newspaper …
Malaysian police have again been active, reporting 19 arrests Friday following raids on three premises in a coordinated, five-hour operation in Seremban. “All those arrested were aged between 27 and 75. We seized 64 computers believed to be used for Internet gambling,” said police spokesman Chief Asst Commissioner Hamdan Majid.
Online fraud detection company Iovation reports that in Q1-2012 the rate of fraudulent online transactions it stopped in Europe is 60 percent greater today than a year ago. The rates compared look at transactions for the first quarter of 2011 compared to the first quarter of 2012. The top three European countries for online fraud …
For several weeks players have been complaining about slow-pay and bad communications from the Purple Lounge online casino and poker room, a subsidiary of the UK-based Media Corp publishing group. With complainants growing more vociferous this week, the company issued a business statement which filled in some of the gaps that players have not been …
Chicago-based WMS Industries Inc., which owns the Jackpot Party online casino, has announced that a wholly owned WMS subsidiary has entered into an agreement with France-based land gambling outfit Groupe Partouche SA, to provide it with a WMS-hosted online casino site for residents of Belgium. It is not known what role Partouche’s online division Partouche …
The news earlier this year that Playtech is to spend Euro 95 million on “certain B2B real money gaming and B2B social media assets” which it intends to purchase from companies associated with major shareholder Teddy Sagi has been followed by unofficial and anonymous disclosures that the properties involved are CTXM, Slots Farm and Viaden …
Online gambling software developer and white label supplier, TotalESoft.com, has announced the latest additions to its online casino and sportsbook games inventory, adding over 20 new games, including a number of 3D animated video slots. Mobile sports betting and multiplayer poker with Texas Holdem, Omaha and Stud card games are also included in the package. …
Two more New Jersey politicians have launched bi-partisan legislative attacks that could eventually see the restrictive federal Professional Amateur Sports Protection Act overturned in the state, where a strong drive for a more liberalised sports betting environment has been building for some time . Republican Rep. Frank LoBiondo and Democrat Rep. Frank Pallone, Jr. came …
Getting into the social gaming swing this week is UK digital video provider Perform Group, which has announced that it plans to launch over 50 sports channels on Facebook to provide fans with international football, tennis and other sports matches. Perform’s Livesport.tv service offers mainly overseas sports, from Italian football to Australian rules football, for …
The Betsson online gambling group published its Q1-2012 numbers Friday, underlining the results of its emphasis on sports book development, which delivered first quarter growth up 48 percent, according to Magnus Silfverberg, President and CEO of the Swedish company. Betsson’s sportsbook push also trebled year-on-year growth, he revealed, adding that the company continues to experience …
John Boyle, the colourful founder and head of Irish land and online bookmaker Boyle Sports has his eyes set on an expanded internet operation, having built a successful land empire, reports the Irish Times. Speaking at a children’s charity function this week, Boyle explained how he had built a betting business that generates Euro 1.2 …
Spain’s online gambling regulatory initiative does not seem to be hitting its stride yet, with some 59 licence applications still in the pipeline despite an original deadline for issue of April 2012. Key staff changes and a significant workload have bedeviled the process, leading to regulatory chief Enrique Alejo declaring earlier this year that it …
The new $500 million Maryland Live! Casino, due to open June 6 in Hanover MD, has started the launch ball rolling with the introduction of its play-for-fun online casino at Myliveonlinecasino.com. Software supplier Aristocrat regards the move as a landmark event in the United States, and it is indicative of the intense interest in internet …
George Irvine, Data provider SIS’s new managing director, has made key appointments to his team arising from changes in the betting industry environment. Brent Dolan, previously Commercial Director, is made Director of Operations for the whole of the betting division of SIS. Dolan has been with the company for 25 years and has been a …
The Santa Monica-based social casino games company Playsino (formerly Titan Gaming) has closed on $1.5 million of new funding in a bid to develop as a major casino game publisher on social and mobile platforms. Several investors were involved in the funding round which included IDM Venture Capital, Pacific Capital Group and Siemer Ventures amongst …
Charilaos Stavrakis, a former finance minister in the Cyprus government, has launched a book detailing the lobbying and political manoeuvring that derailed his attempts to ban online gambling on the Mediterranean island. Stavrakis claims that some MPs resorted to convoluted legal and economic arguments to get his banning measure rejected or delayed despite prior approval …
A Toronto man who spent years fighting a decision by the taxman that he was not a professional gambler and therefore cannot claim tax write-offs on his losses, has hit another brick wall with a decision from the Federal Court of Appeal that the taxman is right. The Canadian Broadcasting Corporation reports that Giuseppe Tarascio …
In Britain over the weekend, the influential land casino body National Casino Industry Forum called for a more equitable tax dispensation, noting that the present arrangement favours online casinos and characterising it as ‘absurd’. The Forum, which represents 90 percent of land operators, said the present system required overhaul and was too complicated. Speaking to …
e-Gaming software and services provider WagerLogic has selected Maxymiser to test and optimise its InterCasino and VIP Casino online brands. Under the terms of the deal, Maxymiser will develop, design and implement a strategic testing programme across critical pages of the websites, including registrations and deposits, to optimise the online customer experience. Nicky Getley, head …
Twenty-four Malaysian and Taiwanese nationals were fined and sentenced to a month in jail by a Malaysian court this week following a raid on April 5 that netted 215 people for running what was described as a well funded online football betting ring. Over its month of operation, the website is estimated to have taken …
Interactive gaming company NetPlay TV plc announced its preliminary results for the year ending December 31, 2011 showing a strong performance compared to the year prior. Key Financial Indicators for the period include: – 12.4 percent increase in Group revenue to GBP 22.3 million (2010: GBP 19.8 million) – 18.6 percent increase in Casino Revenue …
Sports betting and white label provider EveryMatrix has signed four new gaming operators in the first quarter of 2012, it reports. The new licensees include Gutshot and Pokerhuis, IPbuilders and Adjara Casino, the latter focused on the regulated Georgian market. The gaming sites will each benefit from a number of EveryMatrix products, including GamMatrix’s newly …