Digital Pay-TV technology provider NDS has announced an agreement pursuant to which funds managed by Vitruvian Partners will back a management buyout of interactive gaming and betting provider OpenBet, a subsidiary of NDS.
The Remote Gaming Association, a trade body that numbers major UK online gambling groups among its members, has again warned that tax proposals in the Spanish government’s initiative to legalise and regulate online sports betting could have serious consequences for operators, reducing their ability to effectively compete.
The three legislative proposals aimed at legalising online poker in the state of California have been reduced to two following a decision by the Poker Voters of America to put their support behind Sen. Rob Wright’s proposal rather than go with their own, which was drafted by lobbyist and former state politician Lloyd Levine.
The sudden moves by Canadian provincial governments to get into the online gambling business appeared to have passed the Maritime provinces of Newfoundland, Prince Edward Island, Nova Scotia and New Brunswick by late last year as a succession of political figures spoke out against following the example of British Columbia, Quebec and Ontario.
Online gambling group Betfair, which launched an IPO amid much fanfare late last year, has found its share price slipping, answering the threat with a high level road show for investors, according to UK business press reports.
There’s big money involved in a US trademark infringement action being prosecuted by machine manufacturer WMS Gaming which resurfaced this week.
The Daily Mail story earlier this week that the British government is about to take action on ‘white list’ advertising in the UK has been followed by a Guardian article revealing that the moves could come sooner than most think.
The Daily Mail story earlier this week that the British government is about to take action on ‘white list’ advertising in the UK has been followed by a Guardian article revealing that the moves could come sooner than most think.
The Australian federal government, which has turned its face against internet gambling, has been warned the nation’s biggest pokie machine manufacturer that any over-regulation of gambling could persuade Aussies to switch to offshore internet sites.
Despite ad hoc statements from provincial politicians rejecting the idea of Nova Scotia following other Canadian provinces into the online gambling sector , industry observers continue to await the publication of the province’s gambling strategy.
Reports in the Yorkshire Post newspaper, together with a company announcement from internet gambling group The Weather Lottery (WTL), have revealed that the company’s former chief executive officer, Keith Milhench, and a fellow employee named as Amie Pickersgill-Smith are to appear in court soon on fraud and theft charges involving GBP80 000.
Despite moves to treat the regulation of online gambling in Spain at a more collective national level, the autonomous region of Aragon has done its own thing and approved new betting legislation that embraces internet gambling in its provisions.
The state-owned bookie company The Tote, which is currently on the auction block for sale to private companies , apparently has plans to move at least some of its business to Guernsey in order to reduce tax liabilities incurred in UK operations.
Maryland federal enforcement officials engaged in an important investigation into online gambling financial transactions, asked that court documents on a convicted accused be sealed, the Baltimore City Paper reported this week.
The trial and sentencing of Patrice Tierney, wife of a US Congressman and the source of wide industry reportage last year came to a conclusion this week with the defendant sentenced to a 30 day jail term.
Reno, Nevada-based slots manufacturer IGT, which has internet games and technology providers Wagerworks and Million-2-1 among its subsidiaries, plans to make further moves into the internet space as part of its international growth strategy, CEO Patti Hart told Fox Business in a television interview this week.
Avoiding heavy British gambling taxes, but still accessing the UK market through advertising, could be a thing of the past according to a report in the Daily Mail newspaper this week.
Online gambling software developer CTXM and PsiPay, an operator of the EcoCard brand have successfully collaborated in an Internet cloud-creation project, working in tandem with VMware. The initiative is part of a drive to expand the range of virtualised solutions available to the e-gaming industry.
November 2010 statistics on Nevada land gambling have turned out to be disappointing, recording a 5.9 percent decline and reducing hopes that the worse may be over for the gambling state.
The official British Columbia online gambling site, PlayNow.com, has recorded its first major winner – a Vancouver Island resident who hit the site’s online lottery jackpot for Cdn$7.6 million.
It was crunch time in New Jersey as we went to press this afternoon [European time] with the Lesniak bill seeking to legalise intrastate e-gambling due to go before the state Assembly on what is hoped will be its last lap before the governor’s signature into law.
The 2011 ICE show and conferences, running at Earl’s Court in London between 25th and 27th January, has already attracted over 100 gaming regulators and government officials, the organisers report this week.
Mark Redwood (50), a highly respected former senior Thomson Reuters executive, has been appointed the non-executive chairman of the Sporting Index group.
The pressure for legalisation of online gambling in the state of Iowa appears to be growing…and some local politicians are not averse to the idea, according to a piece in the newspaper Des Moines Register this week.