Newly released figures show Atlantic City’s casinos had to endure another decline in revenues in May, showing an across the board slide of 9 percent to $290.6 million when compared with those of May 2010. Associated Press reports that the biggest loser was Trump Plaza Hotel Casino, down 25 percent, from $17.3 million last May …
Societe des loteries video du Quebec, a subsidiary of Loto-Quebec, has announced that International Game Technology (IGT) will provide 7,200 replacement video lottery terminals for the Quebec gaming outlets. The announcement comes after Loto-Quebec received government approval in December 2009 to proceed with replacing its VLTs to update machines currently in use. The replacement process …
A bitter dispute involving the British Horserace Betting Levy Board, the British Horseracing Association and major betting exchange Betfair has been resolved following expert legal advice on the question of whether customers of UK betting exchanges are capable of being leviable bookmakers. At a meeting Friday the BHLB decided that it would not seek to …
The French online gaming trade association l’Association Française du Jeu en Ligne (AFJEL), has published a White Paper recommending changes to French online gaming law. The association has released the paper with a view to fast tracking new reforms and ensuring a fairer, more competitive French market for players and operators. The Act of May …
Online gaming and software provider CryptoLogic announced a whopping GBP2.6 million jackpot win this week. A 37-year old civil servant from Newcastle, England won the jackpot at SkyVegas playing on CryptoLogic’s Millionaires Club online slot game with just a 90 pence stake. The player, who is the biggest SkyVegas winner to date, plans to spend …
UK-based financial fixed odds betting service provider Cantor Gaming & Wagering (Cantor) inked a deal with online gaming firm Victor Chandler International, this week. Victor Chandler will add the new product via an integrated platform provided by Cantor along side its own spread betting offering. The new service will give customers of Victor Chandler access …
UK online sportsbook provider Openbet has appointed Nikos Kryvossidis as Senior Vice President to head up sportsbook operations and Mark Paling as Commercial Content Director. Nikos, a former Google executive, will oversee the engineering, product development, creation and delivery of new products amongst other responsibilities. Strengthening its operation team, OpenBet has also appointed Mark Paling …
A 37-year-old civil service worker from Newcastle in the UK has become the latest online gambling multi-millionaire after hitting a GBP2.6 million jackpot on Cryptologic’s Millionaires Club progressive slot. The software developer revealed this week that the punter’s 90p bet at SkyVegas.com had brought him a fortune on the nine line, five-reel slot game last …
Having assisted in the construction of the Greek government’s new proposals to licence and regulate online gambling, Betfair is less than pleased at the outcome and has taken its concerns to the European Commission, the group’s legal director revealed this week. The EC is currently considering the Greek proposals, on which it is due to …
Spanish politicians may have passed liberalisation laws on the nation’s internet gambling, but it appears there is no guarantee that these will be implemented in a single initiative. The Guardian newspaper reports this week that analysts are concerned following indications from Spain that approval of online betting exchanges could be delayed. The analysts reported that …
The Nevada Gaming Control Board said Thursday that statewide gambling revenues were $806 million in April, compared with $810 million in April 2010 — a drop of less than 1 percent. $42.6 million in taxes were levied on the revenues, $2.9 million more that the amount collected during the same month last year and an …
China’s welfare lottery sales hit 50.16 billion yuan ($7.74 billion) as of June 5 this year, up 30.61 percent year-on-year, the Welfare Lottery Distribution and Management Center said on Thursday. This year’s welfare lottery sales are expected to exceed 100 billion yuan, compared with last year’s total sales of 90.4 billion yuan, reports The China …
The inequity of US legislation designed to hammer online gambling in the United States was again illustrated this week in an article which appeared in USA Today. Enforcement campaigns against internet gambling in the USA are highly contentious and tend be more than a little selective, with horse racing, state lotteries and fantasy sports all …
Andrew Twaits, the online gambling group Betfair’s senior man in Australia, has come out strongly for tighter regulations, including a tougher approach to online poker. Twaits said online poker sites, which he claims cost the local industry hundreds of millions of dollars annually, should also be part of new legislation aimed at cracking down on …
Plans by the South African gambling authorities to ask the Reserve Bank to institute a block on credit cards used in internet gambling transactions have been put on hold pending the outcome of a Supreme High Court appeal, reports the daily newspaper The Times. The issue is the latest development on a long running and …
The end of a highly restrictive and monopolistic German land and online gambling regime may be in sight….but the final decision has been postponed until October this year and will in part depend on the position taken by the European Commission on new German proposals. Leaders of the 16 German states, or lander, that control …
The second edition of Microgaming’s online multi-player network tournament, Grand Slam of Slots II, concluded 11 days of fierce competition this week in which a prize pool of $456 700 was awarded to players. The winner was Spin Palace player, A.P, who walked away with a cool $157,515.83, capping a great 24 hours in which …
International Game Technology’s Board of Directors has approved a $500 Million share re-purchase programme of the company’s outstanding common stock. Philip G. Satre, IGT’s Chairman of the Board, commented, “The actions announced today reflect the confidence our management team and Board of Directors have in the Company and our commitment to returning value to our …
The Finnish online gambling website Pelimaailma’s players who voluntarily limit their playing time or self-exclude themselves from playing is on the rise according to Finnish news source YLE.fi Pelimaailma launched six months ago and is owned by state operator, RAY, Finland’s Slot Machine Association and software provider. According to the report approximately three percent of …
Malaysian-based All Global Investments Limited (AGIL), a wholly-owned subsidiary of Guoco Group Limited (Guoco) has announced that it now holds 56.4 percent of the existing share capital of UK online and land gambling group Rank PLC (Rank). Rank rejected a mandatory takeover offer of 150 pence per share earlier this year from Guoco, its biggest …
The Malta parliament discussed the island’s involvement as a regulator in both land and online gambling this week, with Labour MP Alfred Sant warning that although regulatory activities had created both tax revenues and jobs, it was necessary to guard against adverse impacts on society. Tax collected from casinos in 2009 amounted to Euro 9,595,440 …
The prospect of the Canadian province of Saskatchewan joining British Columbia, Quebec and soon Ontario as a regulated online gambling jurisdiction is again front and centre in local media following the comments of Federation of Saskatchewan Indians chief Guy Lonechild this week. The head of the Federation of Saskatchewan Indian Nations is letting the provincial …
Online gambling’s newest regulator, the Channel Island of Jersey is set to welcome delegates to the Gaming Regulators European Forum (GREF) this week. GREF meets annually in plenary session, but also hosts a number of smaller working group meetings during the year. A Jersey government announcement said that Minister for Economic Development, Senator Alan Maclean, …
Party Casino reports that a female player who has elected to remain completely anonymous has hit its progressive slot The Big One on Melon Madness for $4,445,947.40. Whilst not an internet gambling record, the prize is among the biggest ever awarded in online gaming. Remarkably, the lucky lady had only been a customer for nine …