A slew of US state Attorney Generals from 13 states and Washington DC will continue their deliberations on a number of issues today (Tuesday) at the 2016 Presidential Initiative Summit, which this year is being hosted in Deadwood by South Dakota Attorney General Marty Jackley, who is also president of the National Association of Attorneys …
Following the latest update this week, there are now almost a hundred online gambling sites listed on the Lithuania Gaming Control Authority’s blacklist for ISP blocking, allegedly for accessing Lithuanian punters without the requisite licensing. The idea behind the black list, which is approved by the Ministry of Finance, is to block access to the …
According to research commissioned by AAMS/Sogei and undertaken by the Politecnico di Milano’s Osservatorio Gioco Online, Italian online players spent Euro 821 million on regulated games during 2015, a 13 percent increase. A 27 percent growth in casino games led to an increase in terms of total gaming expenditure bringing the online sector to account …
Betsson subsidiary Triobet has been awarded a Latvian license to operate within that market. “When outdated legal structures and old monopolies are dismantled great favorable conditions for long-term profitable growth are created,” commented Ulrik Bengtsson, president and chief executive officer of Betsson AB. “Our strategy is to increase the proportion of sustainable revenue by participating …
Gaming software specialist NetEnt AB have taken the decision to split each NetEnt share into seven new shares, one of which will be a redemption share. Each redemption share will be automatically redeemed at SEK 8.00. The last day of trading in NetEnt shares before the split, including the right to redemption shares is May …
Last week’s industry speculation, following Swedish gaming company Cherry AB’s halt in trading, was put to rest Monday as Cherry AB announced the acquisition of 49 percent of the shares in online gaming company ComeOn Malta Ltd. Under the terms of the agreement, Cherry also reserves the option to acquire the remaining 51 percent share …
Betclic Everest subsidiary Bet-At-Home.com has released solid first quarter results attributed to ongoing marketing and brand awareness strategies which include its high profile jersey sponsorship of Berlin-situated football Club Hertha BSC. Key performance indicators for the three month period ending March 31, 2016 include: – Gross betting and gaming revenue up by 6.4 percent to …
Online casino white label provider SoftSwiss has announced the launch of a new internet casino titled Bitcoin.com for Bitcoin virtual currency promoter and investor Roger Ver. The casino is a vehicle for not only a further income for Ver’s company, but one which will further publicise the advantages of e-commerce using virtual currency. Ver founded …
Offshore online lottery operator Lotto Spring is getting a media roasting in Australia after being accused by a punter of unauthorised deductions from her bank account, and allegations that it is not licensed for Aussie operations. The issue has been exacerbated by the apparent silence of the operator, who is licensed in Curacao and based …
Scientific Games subsidiary WMS and online gambling turnkey provider Playtech have both announced new games due for release soon. Escape to Margaritaville from WMS is the fruit of an agreement signed in 2014 with singer-hotelier-businessman Jimmy Buffett’s Margaritaville leisure empire which gave WMS the right to use the famous brand in for-money online games and …
Australian gambling group Tabcorp has reported on its relatively quiet Q3-2016, posting group revenue of A$518.4 million, a year-on-year rise just short of 2 percent despite wagering turnover growing by 3 percent. The disparity between the two metrics was caused by player-favourable horse racing results, chief executive officer David Attenborough explained. The quarterly results bring …
Has the fall in Macau gambling revenues finally started to bottom-out? That’s the question analysts are asking after the April numbers were released yesterday by the Macau Gaming Inspection and Coordination Bureau, showing that the monthly decline of 9.5 percent was less than had been anticipated by analysts. GGR came in at 17.3 billion patacas …
VIP Casino.com, a stablemate for Intercasino in the Canadian-listed Intertain online gambling group since 2014, has advised players that it has closed, referring them to sister-site Intercasino. A website notice this week advised visitors to the site: “We are sorry to announce that VIPCasino.com has ceased to operate. In the case you had a pending …
Swedish online gambling games developer NetEnt has flagged May 21 as the release date for its latest online slot, a football themed game titled Football: Champions Cup. It’s a canny bit of planning, with the massive Euro 2016 football tournament in full swing at that time and European interest in football at a peak. The …
Australia’s media had a field day late last week with the release of the O’Farrell review and ministerial pronouncements on a clampdown on online gambling in general and internet in-play betting in particular, but once the political bluster is done what is likely to happen? The question was asked in the publication The Conversation, which …
With the continued increase in the use of virtual currencies such as Bitcoin in online gambling transactions, the publication CoinDesk reports that regulators on the Isle of Man are currently weighing regulatory changes that would allow gambling services to accept digital currencies “as if they were cash”, to ensure that the regulations remain relevant and …
Alabama daily fantasy sport fans will be unable to participate in competitions following a decision Friday by market leaders DraftKings and FanDuel to leave the market in compliance with a “cease and desist” letter from state Attorney General Luther Strange. Our readers will recall that AG Strange issued an opinion earlier this year that DFS …
Figures from the Italian regulator AAMS show that total Italian online gambling revenue in the first quarter of 2016 reached Euro 267 million, up 21 percent year-on-year. Most of that was generated by online casino action which contributed Euro 106 million for a 38 percent improvement on the preceding year, with Lottomatica the main supplier …
EM Group and Aspire Global have continued their partnership, this week announcing the upcoming launch of a third online casino titled DealersCasino.com. The casino is set to launch in the second quarter of 2016 and will join a EM Group stable that includes Lanadas.com and Lanadas.dk, both using the Aspire platform. Nikolai Jensen, head of …
Figures from the Italian regulator AAMS show that Italian online punters spent Euro 821 million with licensed betting operators last year, a year-on-year increase of 13 percent. Online gambling contributed 4.8 percent of total gambling wagering, up by 0.6 percent from the preceding year, with growth mainly in casino gaming which grew 27 percent over …
Simulated Gaming provider GAN investors will be disappointed with the company’s FY 2015 results released this week, although CEO Dermot Smurfit remains upbeat that better things lie ahead, especially in the US market where he has clinched several deals with land gambling companies. Net revenues for 2015 were 20 percent down year-on-year at GBP 6 …
The Swedish online casino operator Mr Green has posted a positive first quarter result, reporting that non-Nordic European markets rose encouragingly, enabling a 12 percent increase in revenues despite the Nordic business remaining largely flat. Revenues reached SEK 218.5 million (around GBP 18.7 million) in Q1-2016 and EBITDA was up 24 percent at SEK 30.2 …
The UK-headquartered Bet365 online gambling group has had a first clash in a Bulgarian court this week in its legal challenge to the Bulgarian regulator over a unilaterally revoked licence. Our readers will recall that the regulator granted the company a licence late 2015, only to rescind it before the paperwork was issued for reasons …
The non-profit sports integrity body ESSA has responded to the news that the Australian government is planning to make online in-play betting illegal (see previous reports) with a factual list showing up the inconsistencies in Australian gambling laws. In a series of hard-hitting bullet points, the body notes: * Whilst the Interactive Gambling Act of …