Macau’s gaming revenues show no sign of slowing down according to data released by the Macau Gaming Inspection and Coordination Bureau despite the Government’s attempts at encouraging a measured pace of growth. The former Portuguese enclave’s gaming revenues for the month of May 2011 were 24.31 billion patacas ($3 billion) representing a record growth of …
Genera Networks has signed a contract with Norsk Tipping of Norway as a preferred Game Provider for Multix, the Interactive Video Terminal (IVT) platform. Following a public procurement process, Genera Networks will provide Norsk Tipping with high-performance games proven online and optimised for the Norwegian wide area market. The contract will run for three years, …
Antilles Netherlands licenced online sportsbook All You Bet.com has augmented its offering with mini-game slots accessible from its “live betting zone”. Mini-live dealer and roulette have been added via its Microgaming-powered online site. An AllYouBet.com spokesperson commented: “Even the most hardcore sports bettors tend to have a soft spot for miniature casino games, which are …
Spain’s gambling act, approved by the Congress of Deputies last month, was promulgated in the official Government Gazette on 28 May 2011 reports trade association AEDAPI. The association reports “… the text lays the groundwork for the creation of a tax rate for gambling houses (25% over revenues for the most part), a licensing system …
UK-based white label provider, Plus-Five Gaming announced the completion of a deal with Viaden Gaming, this week. The deal will see Viaden Gaming’s casino, slots and mobile games added to Plus-Five’s network of fifteen white label partners. The Plus-Five Gaming network offers bingo, poker, sports betting and live dealer games from Aberrant Software, AliQuantum Gaming, …
London-based online gaming operator, Gaming Media Group (GMG) has acquired independent Danish poker operator Mermaid Gaming. Under the terms of the deal, GMG has acquired 100 percent of Mermaid Gaming in exchange for a 15 percent shareholding in GMG’s online gaming operation, Gaming Media Marketing Ltd. Mermaid Gaming has been valued at GBP1.5 million. The …
A financial and banking exec has been named as the new CEO of Swedish gambling monopoly Svenska Spel, and will take up his responsibilities within the next few months, replacing temporary chief Anders Hagg, the company’s CFO who has been keeping the seat warm. Lennart Kall has built a career in banking and finance and …
On a day in which Athens prosecutors launched fraud charges against managers alleged to be involved in a scam with OPAP, the Greek gaming company Intralot announced a weak set of first quarter 2011 results. Although consolidated revenues increased by 32 percent compared to Q1-2010, reaching Euro 300.9 million, and EBITDA grew by 14.6 percent …
Driven into bankruptcy by its creditors, the Czech national lottery Sazka is now in the hands of bankruptcy administrator Josef Cupka, and a bid has already been offered. The Fortuna Entertainment Group announced Tuesday that it has submitted its official offer to take over Sazka’s lottery business at between CZK 2 billion and CZK 2.5 …
The Greek newspaper Ekathimerini reports that a major scandal involving the state gambling monopoly OPAP is brewing following fraud charges laid Monday by an Athens prosecutor. The charges have been laid against the owner of the Intracom telecommunications systems and technology group, Sokratis Kokkalis, and another four members of the company’s subsidiary Intralot and state …
NetPlay TV, the UK interactive television gambling company, announced its preliminary results for the year ended 31 December 2010 this week. The company showed an increase in revenue from recurring activities of 7.1 percent to GBP19.8 million (2009: GBP18.5 million) but an EBITDA loss of GBP2.78 million (2009: GBP1.32 million). Casino revenue rose 21.8 percent …
The Microgaming-powered King Cashalot progressive jackpot has paid out a huge GBP1.5 million to one lucky Ladbrokes player this week, according to a company announcement which gave little information on the lucky player or his or her plans for the cash bonanza. King Cashalot is one of 37 progressive jackpots, all of which are part …
Online gambling group Betfair’s management woes continued this week with reports that Matt Carter, a ten year veteran in the company responsible for technical architecture and advanced technology, is leaving. Carter’s next career move is not at present known. The Guardian newspaper reported that Carter has become the latest influential employee to quit, following the …
Two men have been indicted by an Oklahoma grand jury for running an online sports betting website over the past two years. David Roy Tune (61) faces allegations on thirty counts that include illegal gambling and racketeering on which he could be punished by 10 years jail-time. Prosecutors claim that the online gambling website launched …
Gibraltar-based bwin.party digital entertainment has issued its first annual report combining the results of consortium members Party Gaming and bwin and revealing some interesting statistics. Key performance indicators for the full year 2010 period: Sportsbetting – (Key Brand: bwin) – 2010 net gaming revenue Euro 258.6 million – Amount wagered in 2010 Euro 3.9 billion …
A new independent Montreal-based venture SAVA Transmedia aims to enter the social and mobile gaming development market. SAVA Transmedia, headed up by Alain Tascan, co-founder of Ubisoft Montréal and founder of EA Montréal, will specialise in the development of social games for new and fast-growing platforms, including Facebook, iOS, Android and Windows Mobile. A company …
Almost a year ago, the RealTime Gaming-powered online casino Freespin.com closed its virtual doors after informing players: “It is with great regret and a heavy heart that we announce that FreeSpin.com casino will be closing on June 30, 2010. “If you currently have a balance with the casino, please either play out your balance or …
Australia’s vehemently anti-gambling independent politician, Nick Xenophon, says that his new anti-micro gambling measure is at least partly designed to counter political wagering on Australian elections. In an interview with ABC TV reported Sunday, the senator warned that gambling has the potential to corrupt the political process. Australia is currently being wracked by political manouevring …
Austria’s GoldBet has announced the imminent launch of its new in-play live betting product. The bookmaker is set to launch its latest offering ahead of the Champions League final between Manchester United and Barcelona this weekend. The proprietary live betting product includes streaming television, up to thirty multiple selections within one bet and up to …
The French online gambling regulatory body, ARJEL, has awarded an additional licence for horserace betting to BetClic Enterprise Limited, bringing to three the number of licences the company holds. Beturf who operates leturf.fr, owned by French horse racing newspaper company Groupe Turf Editions has been awarded approval for a new offering named “The 5 / …
Singapore’s Casino Regulatory Authority (CRA) entered into a Memorandum of Understanding (MoU) with the Nevada Gaming Control Board (NGCB), this week. The agreement, a first for Singapore, paves the way for enhanced collaboration in gaming regulatory issues between the two bodies. Sharing of information, knowledge and skills, expertise and exchange visits and training fall under …
Saskatchewan punters and four other Canadian provinces will be able to place bets on their favourite horses to win over the internet while watching the broadcast live online at no charge, the Marquis Downs racecourse announced this week. The new offering will be operated by North American horse racing service HorsePlayer Interactive. “It is a …
A successor to “Wolf Run”, a popular theme in land-based casinos has debuted in the form of a new online slot “Wild Wolf” from International Game Technology (IGT), this week. Wild Wolf is a 4×5 multi-line, multi-coin slot game with stacked wilds on every reel. Other features include a Free Spins bonus that activates when …
Australian Communications Minister, Senator Stephen Conroy today (Friday) announced the introduction of a multi-sport ban on in-game betting to be rolled out by June 2012. The Council of Australian Governments met Friday and issued a statement through its Select Council of Gambling Reform committee. The Government has undertaken to work with sport and betting industries …