Gambling news - page 1109

Yazino in-sync social casino games

9 Nov 2011

UK-based social gaming start-up Yazino’s vision is “in-sync gaming”, where players compete and interact in real-time using the internet, Android and iOS devices, giving them the edge in an already crowded social “free-to-play” gaming market that functions mainly through social network Facebook, reports AOLgames.com. Yazino has developed seven classic casino games accessible via Facebook but …

Read now

Betware meets Spanish compliance testing

9 Nov 2011

Icelandic interactive gambling software provider Betware’s gaming platform has achieved certification from Spanish testing laboratory BMM Spain, a mandatory requirement for the application process of general online gaming licences in Spain. The certification pertains to Betware’s CRS System that captures all required data needing to be accessed by Spanish authorities. “For over 15 years Betware …

Read now

Iowa racing going online

9 Nov 2011

The ailing Iowa horse racing industry could get a shot in the arm if fresh ’emergency’ regulations to introduce internet advance deposit wagering are approved Thursday this week by the Iowa Racing and Gaming Commission. If passed, the new regulations will allow Iowa gamblers to bet on horse races either online or by making a …

Read now

Ex-bookkeeper arrested on theft charges

9 Nov 2011

Christina Michele Bratcher (43), a bookkeeper from Colorado Springs, has been charged with felony theft following accusations that she skimmed almost $500 000 from her employer of the past seven years. Bratcher’s actions allegedly bankrupted the mother-son owned welding supply business. The thefts were discovered as the company prepared for a bankruptcy sale in 2010 …

Read now

New Jerseyans say yes to sports betting

9 Nov 2011

Unofficial results on a New Jersey ballot question on the legal right to sports betting showed 66 percent of voters in favour and 34 percent opposed. With the passage of the topic determined by the State’s voters, Govenor Chris Christie is said to be preparing to legalise the activity but only when the Federal Professional …

Read now

Playtech’s strong Q3

9 Nov 2011

Online gambling software and games developer Playtech plc released its Q3 2011 results this week, showcasing another strong performance with the promise of meeting expectations for the full year. Highlights from the results to September 30 include: * Gross income totalled Euro 70.1 million, (Q3/10: Euro 41.3 million) * Total revenues totalled Euro 61.5 million, …

Read now

IGT plans to increase online gambling presence

9 Nov 2011

The Reno-based gambling machine manufacturer and interactive supplier International Game Technology reported Tuesday on its Q4 fiscals, saying that profits more than doubled from a year earlier to $60 million. And for the fiscal year ending Sept. 30, net income jumped nearly 33 percent, to $292 million, from the previous year. CEO Patti Hart revealed …

Read now

Malaysian cops bust online gambling ring

9 Nov 2011

Malaysian police have shut down an online gambling ring operating in Setapak, Kuala Lumpur, halting a promotion that offered a new car as the main prize in a lucky draw. Police raided the premises Tuesday evening, Deputy Supt Azman Mohd Isa told The Star newspaper. He revealed that police raided nine illegal gambling premises connected …

Read now

Finance director appointed at The Weather Lottery

9 Nov 2011

The British lottery fundraiser and gaming company The Weather Lottery PLC (TWL) has announced the appointment of Andrew Flitcroft as Finance Director with immediate effect. Flitcroft (46), a Fellow of The Institute of Chartered Accountants in England and Wales, worked in private practice until 1999, followed by various senior finance roles in the technology, internet …

Read now

Atlantic lottery investigates other revenue streams

8 Nov 2011

The Canadian Crown corporation, Atlantic Lottery Corporation (ALC), is investigating alternative revenue streams with a research request on the viability of an interactive television wagering service in a bid to augment already declining revenues, reports a Winnipeg media publication. The ALC operates lottery games in Atlantic Canada and is jointly-owned by the four Atlantic provincial …

Read now

Tipp24 exceeds annual target with a quarter to go

8 Nov 2011

Germany-based gaming firm Tipp24, parent company of ventura24.es, giochi24.it, mylotto24.co.uk, tipp24.com and games platform tipp24games.de, delivered a strong performance in its quarter 3, 2011 results announced this week. Following two successful reporting periods this year, quarter three places the company in excess of its annual target with another quarter still to go. Key performance highlights …

Read now

Strong growth in online casino enhances bwin.party third quarter

8 Nov 2011

Bwin.party digital’s Q3 2011 results have been released, showing strong growth in online casino, new games for Italy and improved performance from poker operations, thanks to less competition due to Full Tilt Poker’s troubles. The sale of the Ongame network – now superfluous following the merger – is expected to complete by year end to …

Read now

Let us compete, say Aussie online gambling firms

8 Nov 2011

Top internet betting companies in Australia have complained that the country’s online betting laws prevent them from effectively competing with rivals operating from offshore, and have called for a more realistic approach to regulation. The suggestions for improvement were made by companies like Sportsbet and Betfair in submissions to the federal government’s review of the …

Read now

US gambling lobbyist Jack Abramoff in the headlines again

6 Nov 2011

Jack Abramoff, at one time one of the most influential and notorious political lobbyists punting legalised online and other gambling in the United States has resurfaced, this time as an author. In his new biographical book, “Capitol Punishment: The Hard Truth About Washington Corruption from America’s Most Notorious Lobbyist”, the man the press and politicians …

Read now

New chief for Betfair

6 Nov 2011

According to reports Sunday in the Telegraph and a wide range of other British newspapers, online gambling group Betfair has decided on its replacement for chief executive David Yu, who resigned earlier this year. The selection of Paddy Power’s chief operating officer, Breon Corcoran, for the post ends a five month search and confounds numerous …

Read now

Online gambling bank SunFirst Bank fails

5 Nov 2011

The name SunFirst Bank will be familiar to industry people following the attempts by the DoJ to dismantle the e-processing structures underpinning US financial transactions with online gambling companies. This week the bank closed its doors on the directions of the Utah Department of Financial Institutions. The Department appointed the Federal Deposit Insurance Corp. as …

Read now

UK Gambling Commission latest findings

5 Nov 2011

The UK Gambling Commission’s quarterly gambling participation survey results were released this week.  The omnibus surveys conducted by ICM Research were based on two distinctive sets of questions directed at a sample of 4 000 nationally representative respondents for each set of questions. The first set of questions measured participation in all types of gambling …

Read now

Responsible gambling fund to set up online info hub

5 Nov 2011

Web development company Electric Putty has been commissioned by the UK-based Responsible Gambling Fund (RGF) to develop an online information hub that will provide easy access to research and information on problem gambling in Britain. The information hub will provide services to: –     Researchers, including those new to the field, enabling them to search for …

Read now

French market review

5 Nov 2011

French regulatory body ARJEL reports that the French online gambling market has entered into a consolidation phase and provides an interesting insight into the make-up of the French betting public and breakdown of gambling sectors in its latest quarterly review. While the sportsbetting market showed a 16 percent increase compared to the previous quarter, ARJEL …

Read now

Management appointment at Mr Green

5 Nov 2011

Swedish-founded online casino Mr Green has announced the promotion and appointment of Mrs Stina Reutercrona to the position of Information Director for the Group. Reutercrona moves into the new position from one of Global Support Manager with Mr Green and will be based in Malta. Prior to joining Mr Green, Reutercrona was employed by Nordic …

Read now

Lottomatica delivers solid results

4 Nov 2011

Lottomatica Group S.p.A. posted strong third quarter results driven primarily by its Italian operations. Wagers from the company’s Interactive segment showed impressive growth with a total of Euro 557.9 million (Q3/2010: Euro 100.5 million) due to the newly-launched online casino and cash poker games in the Italian market. GTECH G2’s third-quarter revenue contributions were Euro …

Read now

William Hill sale of Irish estate

4 Nov 2011

More details have come to light on Irish bookmaker Boylesports’ acquisition of William Hill’s Irish retail estate comprising 15 Shops. The Irish retail estate was sold to for a cash consideration of Euro 1.5 million confirmed a William Hill statement.  Additionally, William Hill expects to incur GBP 2 million in exceptional costs related to the …

Read now

Sevilla FC nets Interapuestas sponsorship

4 Nov 2011

Interwetten’s Spanish-facing website Interapuestas.com has become Spanish professional football Club Sevilla FC’s newest sponsor. Sevilla’s previous sponsor 12Bet.com declined to renew its sponsorship earlier this year citing uncertainties regarding licensing and taxation in the Spanish online gambling market (See previous report). Interapuestas.com will enjoy advertising at all matches played at the Sanchez Pizjuan stadium utilising …

Read now

Schleswig-Holstein attraction grows

4 Nov 2011

The German state of Schleswig-Holstein’s more liberal approach to internet and gambling as a whole is proving attractive to established German gambling operators it seems. German lottery company Faber Lotto’s chief executive officer Norman Faber has announced that it will be establishing an independent company in the Northern-most state that will operate nationally to capitalise …

Read now