Analyst predictions of a further decline in Macau gambling revenues in April have proved disappointingly correct following the release of official numbers that show a steep dive of 38.8 percent y-o-y…the eleventh consecutive monthly fall. On the brighter side, some analysts feel that the market may have bottomed out, and some upward share price movement …
Former Australian RTG online casino operator Brian Goodman’s online gambling business Elray Resources is looking at new verticals in the industry, although its share price has lagged in recent weeks, reports the publication Micro Cap Insider. Elray owns and licenses gaming intellectual property, gaming domains, trademarks and player databases and is registered in the United …
Two US Congressmen, Senator Tom Udall (D-N.M.) and Representative Joe Pitts (R-Pa.) have created something of a furore in the American horse racing industry by introducing a proposal in the House and the Senate that seeks to end the industry’s legislative “sweetheart” status regarding gambling exemptions. Reporting on the proposal over the weekend the industry …
MGM Resorts chief executive (and, incidentally, chairman of the AGA) Jim Murren nailed his colours firmly to the mast on the question of a US federal online gambling ban over the weekend, saying that his company “wholeheartedly opposes” the proposed Restoration of America’s Wire Act, a bill supported by rival Sheldon Adelson. Murren was clarifying …
The Australian betting group Tabcorp Holdings Limited provided a trading update Monday for the third quarter of its fiscal 2015 financial year. Reported Q3-2015 group revenue was A$ 508.7 million, up 3.3 percent on the prior corresponding period. Year-to-date revenue is A$1,623.9 million, up 5.6 percent y-o-y. “Tabcorp achieved revenue growth in the third quarter, …
The 2013 dismantling of the Legends online sports betting ring in the United States (see previous reports) entered its closing chapter late last week in an Oklahoma City federal court when one of the principle defendants, Bartice King (44), was found guilty of conducting an illegal gambling business and engaging in a conspiracy to commit …
The Coalition to Stop Internet Gambling, an action group funded by land casino billionaire Sheldon Adelson, has published the results of a survey it has commissioned that purports to show that the majority of Pennsylvanians do not want legalised online gambling. The study was carried out by polling firm Harper Polling, which is a “robo-polling” …
The third in a series of Pennsylvanian political hearings on gambling by state Representatives (see previous reports) took place at the end of last week at the Mohegan Sun Pocono in the north east of the state. The state House Gaming Oversight Committee, chaired by Rep. John Payne, has been considering a variety of gambling …
The US Attorney’s Office in San Diego has advised in a press release that local brothers Jan and Erik Portocarrero and Joseph Barrios have pleaded guilty to racketeering conspiracy charges involving an illegal international sports-gambling ring that made millions of dollars. Prosecutors said that the brothers ran an Internet and telephone gambling enterprise called “Macho …
The American land casino mogul Sheldon Adelson has spent the last three days in a Las Vegas court being questioned about his company’s practices and the dismissal in 2010 of former Sands China CEO Steve Jacobs, who is suing the billionaire. The litigation is focused on whether the American or Macau judicial systems should hear …
Yoyou Gaming, a Shanghai-based development studio, has used Odobo Marketplace to launch its second Asia-themed game in HTML5, an online slot titled Fire Dragon. “Fire Dragon retains the simplicity we aim for in our games with the personality and unique dice symbols that are our trademark,” said Kevin Li, managing director at Yoyougaming, this week …
Online gambling software provider Microgaming has revealed details of its games launches for the month of May, which will take place simultaneously across download, Flash, HTML5, Android Native and iOS Native platforms. Ariana is a 5 reel, 25 pay-line video slot with an aquatic theme and features that include both stacked and expanding symbols during …
Johnny Devitt, Betfair’s director of online marketing for the past year, has been appointed Chief Marketing Officer of the group following a merger of the online marketing and brand director roles on the company executive. Devitt, a mechanical engineering graduate from University College Dublin in 1998, joined Betfair in 2013 as head of marketing platforms, …
The respected Global Betting and Gaming Consultants’ latest edition of its Global Gambling Report is now available and estimates that world gambling revenues were over $450 billion and rising at the end of 2014. The tenth edition of the report reveals that the world market grew by just 1.1 percent in 2013 but performed more …
June 28 this year will be an online gambling occasion to remember in Portugal; that’s the date set for the implementation of the country’s online gambling regulatory and licensing regime. It’s the culmination of almost a decade of lobbying and political debate, but on Wednesday this week the government’s Secretary of State for Tourism, Adolfo …
Video bingo game development company Patagonia Entertainment has announced a game content deal with new online bingo operator Bingo Bombo.com that will see the incorporation of 9 of its games on the newly launched website. Bingo Bombo operates under a Netherlands Antilles licence granted to Vision Media Service N.V. The suite of games includes titles …
Olympic Entertainment Group, an operator of online and mobile casinos, has posted a healthy Q1-2015 report showcasing solid growth and covering the following highlights: * Total revenue up y-o-y 12.4 percent to Euro 39.2 million; * EBITDA up at Euro 8.8 million; * Net profit of Euro 5.5 million (Q1-2014: Euro 4.9 million) thanks to …
Scientific Games online gambling subsidiary Williams Interactive has launched an online version of the popular land casino slot Monopoly Big Event, a game based on the perennial board game favourite bearing the same name. The online version is a 5 reel, 20 pay-line game rich in features that include three interactive bonus games, Wilds, Free …
Online gambling software developer OpenBet has increased its overall headcount by 25 percent following the acquisition of its previously outsourced technical development hub in Greece, the Athens Technical Centre. A company spokesman said the acquisition, for an undisclosed consideration, was part of Openbet’s strategy to increase its global presence and investment in innovation and its …
Online casino operator Mr Green & Co has initiated an appeals process regarding its fiscal responsibility in Austria, and has sought recourse through the European Commission. “We contest the tax liability in its entirety and are hopeful that our objections will be given due consideration. We are now seeking recourse through the Austrian courts and …
The 58-year-old Tropicana Las Vegas casino resort has been bought by Penn National for $360 million, the Associated Press news agency reports. Penn National plans to spend a further $20 million on an extensive revamp of the1,467-room Vegas Strip property.
Arsenal football fans could be excused from scratching their heads over Bodog’s latest promotional drive, which features a video showing a model, all body-painted up….but in arch rival Manchester United strip. In 2013 Bodog and Arsenal agreed a three year official betting partnership deal in Asia (see previous report)
Louisiana could soon join the majority of US states that permit fantasy sports betting following the introduction of a new legalising bill by Republican state Representative Joseph Lopinto from New Orleans. Lopinto’s bill simply provides clarity on the state’s position on fantasy sports, noting that it does not constitute gambling in terms of state law.
The Cherry online gambling group has become the first operator to debut Yggdrasil Gaming’s pooled progressive jackpot video slot, Joker Millions. The new slot has exclusively launched on Cherry’s flexible platform on the gaming sites CherryCasino.com, SpilleAutomater.com, EuroSlots.com and SveaCasino.com, a spokesman revealed Thursday. Joker Millions is a 5×3 slot with 25x win multiplier, paid …