Online gaming social games developer Zynga’s IPO continued to struggle as the holiday period ended, with Forbes magazine and Renaissance Capital characterising it as one of the worst IPOs of 2011. Forbes reported this week: “Though Zynga is not included in Renaissance Capital’s year-end review – it did not price its offering until December 15 …
The Liverpool Daily Post reports that a disagreement between Liverpool land and online gaming firm Stanley International Betting and the estate of its founder, Lord Steinberg, has contributed to an annual pre-tax loss of more than GBP 3.4 million. The company’s latest full year accounts show that the company had to take a charge of …
The bid by the Sikkim provincial government of India to regulate and legalise online gambling took another step forward last week when the Sikkim Legislative Assembly unanimously passed the Sikkim Online Gaming (Regulation) Amendment Bill. The provincial government has been toying with the idea of such an initiative for some time and has had an …
The implications of the US Department of Justice’s dramatic U-turn on online gambling and the Wire Act continued to stimulate industry observers Wednesday. Californians were reminded that the change of direction was a policy development that still presented states wishing to legalise with hurdles before initiatives could be achieved. Important among these was clarification on …
A technical glitch during racing at Leopardstown this week forced online betting exchange Betfair to suspend the market pending an investigation that resulted in the firm voiding all bets on the event. The firm now faces a backlash from disgruntled punters after an incredible run on the outcome of the woodiesdiy.com Christmas Hurdle race. The …
The positive impact of the U.S. Department of Justice (DoJ) opinion on internet gambling on some American gambling company stocks has most likely filtered through to impact European and British stocks too which have over the past week recorded a sudden surge during a historically quieter period. Notable increases as we went to press include: …
Betsoft Gaming’s newest releases are both comic 5-reel, 30-payline online slots. “Madder Scientist” features a crazy scientist, a pet dog and a female assistant depicted in cartoon fashion with a host of features that include Click Me, respins and an amusing bonus round with the creation of a new formula using a carrot as the …
The surprise clarification delivered by the U.S. Department of Justice on its position on internet gambling late last week has sent share prices on some prominent gambling operators and suppliers on the up this week. Scientific Games Corp is up a whopping 15.37 percent, Wynn Resorts rose 3.4 percent, International Game Technology up 4.95 percent, …
Net Entertainment’s latest offering “Simsalabim” features an amusingly crafty magician and his magic show accompanied by rabbits jumping out of hats, card tricks and magic boxes. This 5-reel, 25-payline feature-rich video slot will award players with up to 200X their bet if 2 to 5 scatters appear on any of the reels. Three or more …
The JPM brand, developer of amusement with prizes (AWP) games, has launched online versions of some of its most popular land-based games through subsidiary JPM Interactive. JPM, who hold a strong presence in the Czech Republic, United Kingdom and Spain, powers its games through its own patented gaming platform, Gameology. Recent releases replicate traditional game …
The Isle of Man Department of Economic Development plans on amending its Casino Act of 1986 and the Gaming Betting and Lotteries Act of 1988 to allow the hosting of live gaming tournaments on the Island which is situated between Ireland and England in the Irish Sea. John Shimmin MHK, Minister for Economic Development said: …
Playtech’s second Universal Studio-branded online slot “The Mummy”, released earlier this month, has met with mixed reviews. The game based on and using characters from the 1999 blockbuster film of the same name features scenes from the movie throughout game play. Showcasing the likes of high priest Imhotep, Princess Nefertiti, Egyptian crypts, scarab beetles, and …
Following closely on the heels of the Perform Group’s acquisition of WatchandTrade Limited and Global Sports Media B.V. earlier this month, the company has announced the purchase of a further two German businesses supporting its strategy for growth through acquisitions announced at the time of its IPO. Perform Group has acquired Spox Media GmbH (“Spox”) …
Mounting public pressure against a US act that could be misused to censor the internet has prompted domain registrar GoDaddy to reconsider its position in supporting the measure. The controversial Stop Online Piracy Act (SOPA) is at the centre of the controversy, a bill ostensibly intended to aid the fight against intellectual property and copyright …
According to the latest numbers released by the Italian regulator AAMS, the Italian gambling market continued to produce stellar results in 2011. Italy’s total gaming wagers rose 26.4 percent in the first eleven months of 2011 to Euros 69.5 billion ($90.8 billion) from a year earlier, the Reuters news agency reported. The rise is in …
The news that the US Department of Justice has reversed its view that the Wire Act 1961 applies to all internet gambling has elicited a variety of immediate reactions from industry and legal observers, mostly carried by the mainstream media. John Pappas, executive director of the Washington-based action body Poker Players Alliance, said: “This is …
The Friday before Christmas was an historic day for internet gambling – hot on the heels of Nevada regulators approving internet poker regulations, the US Department of Justice radically changed its long-held and damaging opinion that online gambling in general falls under the provisions of the dated Wire Act 1961. That stubbornly held opinion formed …
Santa came early for one lucky player identified as Kate H. who landed a staggering GBP 990 685 jackpot win on Jackpotjoy.com’s Wonderland Slot just three days before Christmas. 37-year-old Kate H. from the South West of England is Jackpotjoy’s third biggest winner and Gamesys’ Wonderland slot’s biggest jackpot winner yet. “Our lucky winner took …
Norwegian-based online gaming investment company Playsafe Holding AS has refined its strategy to focus entirely on its software business and the development of a B2B delivery platform for online poker operators with the announcement of the sale of its operating assets to Julian International Holdings Ltd, a Seychelloise gaming investment company. Under the terms of …
World Match has introduced three new additions to its portfolio by way of online Scratch and Win cards that are similarly themed but offer three different thresholds of maximum payout. The new Far-Eastern themed titles “Dragon of Fortune LO”, “Dragon of Fortune” and “Dragon of Fortune HI” vary in price from Euro 0.10, Euro 1 …
Nevada-based gaming software developer Cantor Gaming and Wagering parent company, Cantor Entertainment Technology Inc, expects to raise up to $100 million in an initial public offering of common shares filed with U.S. regulators this week. The number and cost of the shares to be offered has not been revealed, however, the company plans on using …
Spain’s December 14 deadline for online gambling licence applications yielded a total of 62 applications, of which 58 have been accepted for consideration says the Ministry of Economy and Finance. 32 of those are reportedly Spanish-owned companies that include major businesses in the gaming and media sectors who already hold a large presence in the …
Betfair has entered into a key sponsorship this week with Kiel-Marketing and the City of Kiel as sponsor of Kiel Week 2012 and a new international trimaran racing series called MOD70 European Tour 2012. Kiel Week traditionally began as an annual ship racing championship in the last complete week of each June but has grown …
New Jersey Republican politician Rep. Frank A. LoBiondo appears to be planning additional political actions that will strengthen the tough stance on legalised online sports betting already initiated by state senator Ray Lesniak. According to a statement from his office, Rep. LoBiondo is busy drafting two federal measures designed to either obtain an exemption from …