One of the founders of the Party Gaming online gambling empire, Russel DeLeon, was in the headlines this week after withdrawing his financial support for an environmental action against the Chevron oil company. Bloomberg news service reports that DeLeon has accused the lead plaintiff’s lawyer in the pollution case – now entering its third decade …
The Dutch police have carried out a series of raids following the arrest of five men accused of running an illegal sports betting enterprise and money laundering. The arrests evolved from an original six-country investigation into match-fixing in football, sources told the AFP news agency. Those arrested included two men from The Hague aged 58 …
The Macau taxman felt the pain of the drop in gambling business on the island during January, reporting that tax revenues declined 27.5 percent. The Financial Services Bureau reported total tax revenue of MOP10.50 billion ($1.3 billion), around $475 million less than during the same period the year before. Direct taxes from gaming brought in …
The news earlier this week of a more reasonable approach by tribal groups and Caesars Entertainment to bad actor clauses in online gambling legalisation initiatives (see previous reports) has been followed by encouraging reports that major online gambling firm Pokerstars and Caesars have put aside their traditional rivalry and will work together to fight attempts …
iGaming firm Nio Inc. has entered into a share exchange agreement with Guts.com parent company Gaming Innovation Group (GiG). The agreement will see the exchange of the entire issued share capital of Gaming Innovation Group Ltd. for shares in Nio Inc. which will lead to GiG becoming a Nio Inc. subsidiary should shareholder and regulatory …
Realistic Games debuted “Colour of Money” this week across mobile, tablet and web channels. The three-reel game is a classic arcade-style offer featuring a top award of 300 X total stake, up to 3 nudges, Super Spins, and the opportunity win one of 3 Win Series features. Realistic Games will roll-out an additional two slot …
Australian operator Tabcorp has urged a ban on wagering operators utilising tax havens such as Vanuatu in a submission made to an Australian corporate tax enquiry. The submission follows a 90-page report titled “Who Pays For Our Common Wealth?” released in September 2014 that detailed many top ASX200 companies with subsidiaries in tax havens paying …
Software and services provider Playtech has announced the acquisition of UK-based Yoyo Games Limited (Yoyo) for US$16.4 million. The acquisition forms part of Playtech’s strategy to penetrate the casual gaming sector, which already includes Plamee, an internal games development team which was founded in early 2014 and employs more than 120 developers. Headquartered in Dundee, …
William Hill’s acquisition talks with 888 Holdings have fallen flat due to a difference in opinion on the value of the company with one of its key stakeholders. The acquisition talks revolved around a possible 200 pence per share plus a 3 pence dividend per share, however, as The Times reported one of 888’s Israeli …
The major Greek gambling group OPAP is progressing well with the creation of its “Play” network of gaming halls, which will focus on the availability of Video Lottery Terminals (VLTs) across a wide range of “mini casino” gaming halls across Greece, reports the daily newspaper Ekathimerini. Sources told the publication that around 4,000 buildings have …
One of the longest-established Bitcoin online casinos, SealsWithClubs, appears to be having a tough time which it has attributed to hardware issues, experiencing several offline outages in recent weeks. In the latest, the facilities have been down for the past four days as management struggles with the problem and – to its credit – communicates …
Interactive gaming company Sega Sammy Holdings, which has dabbled in the online gambling sector (see previous reports) has unveiled a restructuring plan that will result in the loss of at least 300 jobs – where possible through natural attrition – in Japan this year. The announcement came in the shape of a stock exchange filing …
Investors showed their disappointment at the latest results of San Francisco-based social gaming developer Zynga Friday, sending the share price into a 16 percent spiral southwards when performance did not meet expectations. 2014 FY revenue fell 21 percent to $690 million, with gaming down 28 percent compared to 2013, and a net loss of $226 …
Net Entertainment has unveiled its next slot, a 5-reel, 4-row, 40-line game with a festive Latin American fiesta theme titled Spiñata Grande. Due for release in the third week of March, the new slot features a variety of fun elements that include Colossal symbols, a Mini-Slot feature and Colossal Wild in Free Spins. Colossal elements …
Online casino punter PeterG, who has otherwise chosen to remain anonymous, hit a major jackpot on the Thunderstruck slot at All Jackpots Mobile Casino last week, boosting his bank balance by $303,360. The casino operator has revealed that the player has been a regular at the online venue for the past decade and during his …
Bwin.Party shareholders received an unpleasant surprise Friday as the share price plunged 25 percent on the London Exchange following unconfirmed reports that negotiations on a possible acquisition of the FTSE 250 gambling group with an unnamed suitor had failed. The dramatic drop saw bwin.party share prices dive to almost GBP 78, although there was some …
The skill vs. chance debate around what constitutes gambling will be in many industry observers’ minds following the news that the Borgata at Atlantic City is to launch a new skill-based tournament to entertain its punters. The Associated Press news agency reports that Borgata management has been given a green light by the New Jersey …
The president and CEO of GTech’s American activities, Jaymin Patel is to leave the company at the end of March after seventeen years of service to the GTech group in a number of senior management positions. Patel is to pursue new business opportunities after resigning in what appears to be an amicable parting of the …
Sydney, Australia-based online gambling software provider NYX Gaming has partnered with Extreme Live Gaming, part of the Novomatic group, for the supply of its live dealer platform for integration into the NYX OGS solution. Featuring Blackjack, Roulette & Baccarat and delivered from of a brand new live studio in London, Extreme Live Gaming’s professionally trained …
In its “Strengthening Social Responsibility” drive, the UK Gambling Commission has published a summary of changes to its licence conditions and codes of practice (see previous report) for the convenience of operators The summary document explains the implementation timetable for the changes, most of which come into effect on 8 May 2015. It also summarises …
This week saw the London launch of a new UK-facing online casino branded Casino Kings, which delivers online gambling services through desktop and mobile channels, with some 240 games developed by respected providers like Microgaming, NextGen and the more recent arrival, Thunderkick. The site is licensed by the UK Gambling Commission. Nathan Howes, marketing manager …
Karma Gaming International, a developer of online digital lottery games, has signed a distribution agreement with interactive gaming and betting solutions provider, OpenBet Ltd. Karma has been developing a more exciting games genre by merging the kick of winning money with the fun of casual and mobile games, claiming that extensive research has shown such …
There was better news for online gambling operators in New Jersey this week when the January numbers were released by the Division for Gaming Enforcement, revealing a 22 percent year-on-year improvement in revenues to $11.6 million…an 8 percent rise on the preceding month. Online poker rake and fees during January was also up 11 percent …
A failed million dollar deal last year between the Canadian provincial government of Port Edward Island and the First Nation Mi’kmaq Confederacy, with the goal of establishing an online gambling licensing jurisdiction, is to be investigated, according to local media reports. The provincial government’s public accounts committee voted Thursday to ask the Auditor General to …