A statement issued by Guoco Group (Guoco) giving a more detailed explanation on its intentions with regard to the Rank Group’s (Rank) London Stock Exchange listing has prompted Rank’s Board to change its stance and reverse its recommendation, in part, that shareholders accept the deal as the Independent Directors of Rank intended to do so …
Reports over the weekend that Betfair chief exec David Yu is on the way out have been confirmed by the company. The Reuters news agency reports that Yu has informed the Board that he believes it is the right time for the company to start looking for his successor. He does not intend to renew …
Unconfirmed speculation in the British business press over the weekend is that online gambling group Betfair may be hunting for a replacement chief executive to replace David Yu, who has apparently let it be known that he wishes to return to the United States. The declining popularity of Betfair shares reached a new low this …
Agence France Presse reports that former French state gambling monopoly Pari-Mutuel Urbain (PMU) is to separate its online and (land) retail customer databases. The move follows recommendations made in January this year by the French Competition Authority, which sought to avoid market “distortion.” Pierre Pagès, general secretary of the PMU, confirmed in an interview with …
Unconfirmed but growing numbers of reports on internet message boards appear to indicate that the Rival Gaming internet gambling turnkey provider, which powers a number of online casinos that accept US action, may have decided to eschew US business as payment processing becomes an increasingly serious obstacle to business. Our readers will recall that shortly …
The NASDAQ listed online gambling company Entraction Holding AB is to apply for delisting from the exchange following its acquisition earlier this month by IGT subsidiary Eagle Ice AB . The board of of directors of Entraction resolved Friday to apply for delisting of the company’s shares listed on NASDAQ OMX First North Premier exchange. …
The independent gambling test company Gaming Laboratories International has published what it claims is the world’s first global interactive gaming standard. The standard, dubbed “GLI-19,” establishes the industry’s first global e-gaming regulatory guidelines, the company says in a statement this week. “This is an important day in the gaming industry. With GLI-19, GLI and TST …
The Rank Group Plc (Rank) has changed its recommendation to its shareholders on an offer of 150p per share from Guoco Group in time for the closing of acceptances of the offer. While Rank maintains that the offer undervalues the company, it notes that should Guoco attain 75 percent of Rank shares it will be …
Florida internet cafe owners offering “sweepstakes” style online gambling are again under threat following the reintroduction of legislation designed to outlaw the use of simulated gambling devices in Internet cafes and arcades, reports TC Palm. Republican state representative Scott Plakon has reintroduced his measure targeting the pastime, which died in a recent session of the …
UK Bookmaker William Hill has challenged the English women’s football team with the promise of the award of GBP 73 000 to the Women’s Sports and Fitness Foundation charity (WSFF) if the team wins the FIFA 2011 World Cup. The partnership between bookmaker and charity has been undertaken to promote and raise the profile of …
Andrew Black, online betting exchange Betfair’s co-founder has joined the board of Hydrodec, an industrial oil re-refining group, as a non-executive director. Black owns a 6 percent share in the company. Neil Gaskell, Chairman of Hydrodec said: “This is Andrew’s first public company directorship since leaving Betfair and his experience in fast growing, innovative technologies …
A lucky pensioner identified as Mrs. Judy W has won an impressive GBP 244 813 playing Tiki Temple, a five-reel, 20-payline slot, at online casino Jackpotjoy.com. Tiki Temple, an adventure challenge online slot has a progressive jackpot in combination with Deal or No Deal. Judy W. reveals that she is: “so happy and has so …
The UK football club Aston Villa has announced that the UK land and online gambling division of the Malaysian leisure and hospitality group Genting is to be its shirt sponsor for the next two years. The partnership commences next (July) month, allying the club with arguably the UK’s largest operator of casinos. The Genting Casinos …
Ladbrokes, a major listed online and land gambling group in the UK, has made a preliminary takeover approach for rival Sportingbet, sending Sportingbet’s shares surging higher, reports the Reuters news agency. “Further to recent press speculation, the board of Sportingbet announces that it has received a highly preliminary approach from Ladbrokes plc, which may or …
Germany’s football league has added further pressure on the sixteen German lander (states) currently monopolising gambling, demanding a more open market. The league is threatening to charge betting companies for use of the Bundesliga fixture list, unless regional states open up the sports betting market to more competition, reports the Reuters news agency. The fixture …
The new online slot Frank Miller’s Sin City has been launched at Party Casino, offering 50 pay-lines across 5 reels, wild and 2 scatter symbols, free spins, and multipliers. The theme is based on the comic title of the same name, authored by comic legend Frank Miller. Sin City originally appeared in Dark Horse Presents: …
The European Gambling and Betting Association, a trade body that includes most of Europe’s major online gambling operators among its members, has taken a step toward exploding some of the myths surrounding online gambling that are too often used by adversaries of the international industry and uninformed politicians. The Association has devoted a page on …
Taking many industry observers by surprise, the smallest US state, Rhode Island, appeared to be leaning toward online gambling legalisation Tuesday night with revisions to a more general gambling bill that included the consideration of legalised online gambling….subject to the federal government taking the lead by legalising the pastime first. The bill was presented to …
Bulgaria’s revised draft online gambling regulatory legislation presented to the European Commission for approval in May this year has again been given the thumbs down, according to early reports in the local media. The controversial proposals, which many operators in both the land and online sectors have criticised as being discriminatory and unfair in nature, …
Online casino Castle Casino has expanded its live dealer offering with a new Spanish speaking version of its live roulette game, with croupiers and staff broadcasting totally in Spanish. The new Spanish version of the live roulette game is presented live between 7.30 pm and 4.00am GMT and will run alongside the current English speaking …
The UK government Department of Culture, Media and Sport is to appoint a Select Committee to review the gambling industry in general and the Gambling Act 2005 in particular. DCMS will be looking for contributions from interested parties including operators on a broad range of questions, such as how effective the Act has been in …
Lord Sharman of Redlynch, chairman of international insurance group Aviva, has been appointed as the new president of GamCare, the UK’s national responsible gambling charity. He will take up his responsibilities in September this year, a Gamcare spokesman revealed this week. “I am pleased to take on the mantle of my friend and predecessor as …
Finland’s state-owned lottery operator, Veikkaus intends expanding into Russia, China and the U.S. and has established a subsidiary with this international expansion in mind. The subsidiary will be operational as early as July 2011 and will be re-evaluated in 2013 as to its viability said Veikkaus vice president, Olli Sarekoski. The subsidiary will not seek …
The Financial Times reports that UK land and online gambling group Ladbrokes’ chief executive officer Richard Glynn is in the process of a re-organisation of the company’s group structure. The restructuring will see the company move away from the separate division approach of telephone, retail and e-gaming and will be re-structured to comprise three clear …