An undercover operation involving Virginia Beach police and Internal Revenue Service agents has resulted in an Ocean View resident William M. Moison (64) charged with running an illegal gambling business. Moison pleaded guilty to the charge in Federal court this week admitting that the online sports gambling operation brought him profits of $350 000, according …
Swedish gaming company, Cherryföretagen announced its Quarter 3, 2011 and nine-month interim report this week showing strong results in customer growth and the online gaming sector of its business. Key Group Performance Indicators for the nine month period ending September 30, 2011 include: Group turnover up 20.8 percent amounted to SEK 325.4 million (9M/2010: SEK …
The legal triumphs of some British gambling groups fighting for the return of Value Added Tax (VAT) payments made to Her Majesty’s Revenue and Customs could be short-lived following an appeal by the tax authority to a European court, reports The Guardian newspaper. The disputes with the Brit taxman centred on litigation to reclaim millions …
Peter Hoult, a member of the Tasmanian Gaming Commission, has joined the growing number of gambling industry experts who support the concept of regulated online gambling in Australia rather than the prohibitionary stance envisaged by some members of the federal government. In a submission to the government’s review of the Interactive Gambling Act this week, …
Internet cafe owners be warned; the Massachusetts state Attorney General is on the trail of “sweepstakes style” gambling services offered in cyber cafes. This week Westfield operators Steven Sheldon (48) and his business partner, Steven Megliola (52) became the latest to be indicted on illegal gambling charges in a Massachusetts clampdown orchestrated by state AG …
Online mahjong software supplier Mahjong Logic Limited, has signed 66mahjong.com as a new licensee, an operator with a strong foothold in the hospitality industry throughout Asia, who will initially focus on the Hong Kong, Macau, Taiwan, Japan and Singapore markets. Jonas Alm, Mahjong Logic CEO, said: “We foresee many benefits with the leveraging of 66mahjong’s …
The UK publicly listed gambling group Sportech issued its Interim Management Statement for the period from 1 July 2011 to date this week, noting that the diverse group is trading in line with expectations for the full year and continues to generate strong cash flows in the second half. The report focuses in part on …
Last Saturday turned out to be a red letter day for one lucky casino player from Chile, who hit the jackpot and became an instant millionaire when she won $1,378,389.83 playing Playtech’s Fantastic Four slot at Titan Casino. After months of steady growth, the progressive jackpot was won in a single spin, as the fortunate …
Paddy Power plc has announced senior management appointments with immediate effect Thursday to facilitate the continued delivery of its business and development strategy: * Peter O’Donovan (34) as Managing Director, Paddy Power Online & Technology * Sandra Thorpe (36) as HR Director, Online & Corporate * Christopher Coyne (33) as Head of paddypower.com * Eamonn …
Betfair has confirmed rumours circulating earlier this week that Paddy Power’s chief operating officer, Breon Corcoran (40), has been hired as chief executive officer after a five month search for a successor to current incumbent David Yu. The appointment will come into effect only in August 2012, the company revealed. Corcoran took over the chief …
Online gambling software developer Viaden Gaming Ltd. has released 3 Full-HD video slot games branded Enigma, Maverick Saloon and Viking Conquest. The new games have been certified for fairness and compliance with Isle of Man regulatory requirements by approved testing facility SQS India, an independent provider of software testing authorised by the Isle of Man …
Internet gambling software developer CryptoLogic Limited has posted its financial results for the third quarter ended September 30, 2011. Q3 2011 highlights include: — Total revenue increased to $7.2 million (Q2 2011: $7.0 million) — Total expenses reduced to $5.9 million (Q2 2011: $6.5 million) — Income before tax increased to $1.3 million (Q2 2011: …
A report published Thursday and produced by Coventry University’s International Centre for the Business of Sport (CIBS) finds that corruption in sport remains dominated by doping, equating to nearly 96 percent of cases, followed by betting and non-betting related match-fixing with less than 3 percent and the misuse of inside information at around 1.5 percent. …
The main hurdle facing the sale of Sportingbet plc’s legally troublesome Turkish operations to GVC was overcome Thursday following a company general meeting at which the deal was overwhelmingly approved by 72.6 of shareholders. Last month Sportingbet said it would dispose of its Turkish operations for at least Euros 143 million ($196 million) in cash …
A survey conducted by the independent ecommerce and digital marketing consultancy, Econsultancy has revealed some interesting results. The survey in consultation with Foviance and TolunaQuick was based on five consumer studies covering the online banking, mobile phone provider, gaming/gambling, travel and retail sectors directed at a sample of 5,000 British respondents who were anonymously polled …
Swedish software provider NYX Interactive AB (NYX) has acquired the Australian-based independent games supplier Nextgen Gaming Pty Ltd for an undisclosed consideration. The businesses will merge to create a content-rich software provider combining the NYX bingo, lottery and casino modules with NextGen’s games catalogue and innovation in game design across the online, land-based, social and …
The marketing publication Campaign Live reports that online and land gambling UK giant William Hill plc is inviting pitches for its GBP 13 million media planning and buying account, currently held by the 7Stars company, which will not be renewing its offer. The betting company is talking to agencies ahead of holding meetings, with a …
Responding to a sports body funding inequity question from Irish Labour Party politician Aodhán Ó Ríordáin, the Irish Minister for Finance Michael Noonan confirmed that work on legislation covering an online betting tax on bets placed in Ireland is ongoing. The lowering of betting duties from 2 percent to 1 percent in 2007 and the …
The UK’s independent Responsible Gambling Strategy Board (RGSB) has contracted the services of Brian Pomeroy as Chair until March 2013 as successor to outgoing Baroness Julia Neuberger whose three year term is coming to an end. The RGSB works in an advisory capacity to the UK Gambling Commission and in turn, the Government’s Department for …
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 …
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 …
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 …
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 …
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 …