Internet gambling group 32Red.com has published its first half 2011 results summary, showcasing record revenues with total Gross Win up 42 percent to GBP11 million (2010: GBP 7.8 million) in the first six months of 2011. Management says that the performance is particularly pleasing in light of strong H1 2010 comparative figures that were, in …
The Isle of Man online gambling jurisdiction has introduced a new class of B2B licence. The Network Services Licence is a new level of licence available under the existing Online Gambling Regulation Act 2001 (OGRA) and is designed to recognise the business-to-business relationships that many gaming operators now have. The licence gives Isle of Man …
The addition of cash tables for players on the iPoker.it network and casino action under the new Italian regulations should prove a welcome boost for Playtech licensees, the internet gambling software developer reports. Playtech was the first software provider to complete the ‘Collaudo’ testing process for casino, in compliance with Italy’s regulatory body AAMS requirements. …
888 Holdings investors will feel a little happier at the current trading update for the company, which show more promising second quarter results. Financial highlights include: • Group revenue US$79 million (Q2 2010: US$61 million), an increase of 29 percent year-on-year and a 4 percent increase compared to the strong Q1 2011 driven primarily by …
Online gaming and entertainment software provider TopGame has released “Bee Land”, a new five-reel, twenty-payline slot game. Comical and bright graphics abound in a slot themed around the lives of bees with the target of winning the queen bee’s heart. Featuring Wilds (Queen Bee’s crown), Multiples, Free spins (Honey Makers), Scatters and bonus games, the …
A Greek player has won Euro 125 000 playing Great Blue Slots at King Solomons Casino through bonus games and free spins. With Euro 1 110 in hand, the player identified only as P.P. hit a first bonus round which paid out Euro 4 888. It was the next two bonus games he won that …
Playtech-powered online gambling venue Titan Casino,com has just gone live with its new web-based platform. Owned by Imperial E-Club Limited, a company incorporated under the laws of Antigua & Barbuda and regulated by the Directorate of Offshore Gaming of Antigua and Barbuda, Titan’s new offering provides players with a completely integrated online system where they …
The Isle of Man-based online gambling software company Playtech plc has announced two major deals, acquiring Gala Coral as a long term software licensee and adding the Swedish Mobenga mobile gambling technology company to its growing stable of subsidiaries. In the Mobenga deal, Playtech has entered into an agreement to acquire the entire issued share …
Online gambling software provider Playtech plc has released its second quarter 2011 numbers in a trading update. Key Performance Indicators for the three months ending 30 June 2011 include: Financial highlights On a like-for-like basis excluding France: * Total revenues up 19 percent on Q2/10 and 8 percent higher than Q1/11 * Casino revenues up …
Washington DC’s achievement of becoming the first US state to legalise online gambling may be short-lived, if Democrat council member Tommy Wells has his way; he intends to seek a repeal of the new law before it is even implemented. Wells said Tuesday that he plans to introduce legislation this fall that would stop the …
The Australian gambling company Tabcorp has paid A$410 million to operate the state of Victoria’s new wagering and gambling licence, reports the Australian Broadcasting Corporation. The 12-year deal gives Tabcorp the right to operate the state’s only off-course retail betting network, as well as tote and fixed-odds betting. Tabcorp has had a monopoly on off-course …
The preliminary news that the European Commission has rejected the protectionist and restrictive new German law on gambling, has been given more depth by the release by the European Gaming and Betting Association of the reasons therefore. The trade body says that the Commission’s detailed opinion on the draft German State Treaty confirms that the …
With the Czech lottery business up for grabs, the local Fortuna gambling group has partnered with Greek lottery specialist Intralot in a new 10 year deal that has seen Intralot supply Fortuna Entertainment subsidiary Fortuna sázková kancelář with a central system and plans to provide up to 3,500 lottery terminals for the operation of lottery …
Scotland’s largest independent bookmaker, Scotbet, has been bought out by its management, the BBC reports. The troubled betting company had been on the market for about 12 months, after its Edinburgh-based owner, Festival Group, sustained serious losses in the economic downturn. The existing management has bought out the 65 outlets in Scotland and its online …
In the same week that House Speaker Robert DeLeo filed legislation seeking to ban internet gambling in cyber cafes, the Massachusetts House of Assembly is poised to consider selling state lottery tickets online and by credit card, reports the Boston Herald. Backers of the proposal claim it could boost cash-strapped state coffers by as much …
Sweden’s state online and land gambling monopoly Svenska Spel released its half year 2011 results and announced the appointment of a new ceo, this week. The company revealed lower sales compared to the same period 2010 which were attributed to the general economic situation, competition and a more cautious approach from players. The company now …
The Mr Green Casino’s management structure has received a boost by the appointment of Norwegian national Karl Bjerke as chief operating officer, reporting to CEO Mikael Pawlo. Bjerke will be based in Malta, where he will oversee the Swedish operator’s continued European roll-out. Bjerke has a strong gaming background with seven years at Nordic Gaming …
Andy Hornby (44) has been appointed as the new chief executive of bookmaker Coral’s retail and remote gambling division, reports UK newspaper The Guardian. The appointment comes after a 12 month search for a replacement for Nick Rust who left Gala Coral for competitor Ladbrokes last year. Hornby is the former Group Chief Executive of …
Media reports over the weekend that the British government is to consider the tax implications of secondary licensing for offshore betting companies wishing to access the UK market were confirmed Monday by a Treasury official. Economic Secretary to the Treasury, Justine Greening, announced: “I will review the case for changing the taxation regime in line …
The much anticipated further opening up of the Italian market took place today (Monday) with the introduction of legal casino and poker cash games from AAMS-certified operators. Italian media report that a gradual launch of cash games is currently in progress and will continue throughout the week with a game window of three hours on …
The UK government appears to be moving quickly on its previously announced intention to impose secondary licensing – and taxation – on offshore internet gambling companies accessing the British market . According to reports in The Guardian newspaper over the weekend, a slot for an announcement on the tax implications has been squeezed into the …
Internet casinos in Cebu City in the Philippines are in danger of losing their permits to operate even if they are duly accredited by the Philippine Amusement and Gaming Corp. (Pagcor), reports the local publication Sun Star. Mayor Michael Rama has opposed the city council’s resolution allowing a new company to operate an Internet casino, …
The Ontario Lottery and Gaming Corp. has embarked on an interesting new technological initiative to identify and block problem or self-excluded gamblers from its activities. Land casinos in the province are now photographing casino visitors through a new facial recognition system that focuses on known problem punters. The OLG began rolling out the new facial …
“We are closing. We recommend that you play out your balance or request a payout prior to August 1st. In the event that you have any questions please contact customer support,” is an unlikely and sad epitaph for a group of internet sportsbook-casinos that has been around since the pioneering days of online gambling, and …