The Isle of Man-based online gambling software provider Microgaming has inked a long-term exclusive deal to supply Rabcat-developed games to its network of operators. Microgaming’s relationship with Rabcat began in 2012 when the company became a development partner on the Quickfire platform. The agreement secures Microgaming as the exclusive distributor of Rabcat games going forward, …
Finnplay, the Finland-based e-gaming platform provider, has announced that it has signed a deal to integrate NYX Gaming Group’s slot and casino content platform, NYX OGS as part of its offering. Martin Prantner, chief executive of Finnplay said: “Gaming continues to be one of the fastest growing product categories in the online gambling market. However …
A number of illegal betting shops in the Sicilian city of Palermo were raided by the Italian Fiscal Police Friday after reports that illegal online sportsbetting through sites based in Malta was being facilitated. Two men were arrested and 11 computer sets seized, along with other evidence. A police spokesman said that the shops were …
Q3-2014 numbers released by Spanish regulator the Dirección General de Ordenación del Juego, show that the FIFA World Cup football gave Spanish online sports betting revenues a boost in the quarter. Overall online gambling revenues reached Euro 62 million, a year-on-year rise of 19 percent, and Euro 2.8 million better than Q2-2014, which was already …
The troubled Trump Taj Mahal Casino Resort in Atlantic City filed court papers Friday advising a December 12 closure date – the fifth AC land casino this year to shut down. The court filing is a revision to the casino’s bankruptcy plan submitted earlier to a court in Delaware during its bitter litigation with employee …
Already under pressure over its online gambling policies following the referral of its laws to the European Court of Justice by the European Commission (see previous reports) the Swedish government came in for attack from within last week. Opposition MP Gustav Hoffstedt of the Moderate Party, proposed a motion in parliament that the government should …
Sportech Racing and Digital has inked further US deals to deliver land-based and digital betting technologies to the Lincoln and Horsemen’s Park race courses in Nebraska…both operated by Omaha Exposition and Racing. Under the terms of the agreement Sportech becomes the racecourses’ new tote provider to deliver pari-mutuel betting services through the company’s Sportech Quantum …
Neteller parent Optimal Payments plc issued a statement Friday in an attempt to address speculation which has apparently caused a weakness in its share price. The speculation appears to be related to the use in April by CEO Joel Leonoff of 1.5 million of his share options as collateral for a loan of around GBP …
Barely two weeks after a persistent Distributed Denial of Service attack which caused it to cancel the inaugural event of its 2014 Swedish Masters, Swedish online poker provider Svenska Spel reported a further assault this week. On November 13 the company posted a notice on its website advising that poker operations had of necessity been …
A small increase in revenues but a big dip in earnings before interest and tax (EBIT) recorded by Tipp24 in its nine months year-to-date numbers is unlikely to please investors. In a statement released this week Management revealed that in the nine months to September 30 revenues barely increased at Euro 105.4 million (Euro 1.4.4 …
Amaya Gaming’s $4.9 billion acquisition of the Rational Group, parent of Pokerstars and Full Tilt, is clearly having a major impact on the Montreal-based company’s performance, judging by its latest third quarter results posted this week. Highlights of the performance included: * Revenue soared from C$39 million in Q3-2013 to C$239 million – a six …
The outspoken National Basketball Association Commissioner, Adam Silver, has again hit the US headlines, restating his belief that legalised sports betting on a wider basis is not a bad thing in a New York Times op-ed Thursday that has been widely picked up by other mainstream newspapers. Silver wants to see sports betting properly regulated …
Intensive and independent research on a study sample of 12 million international players over a month’s social gaming supplied by five major operators has shown that fears that social gaming increases the chances of problem gambling developing among the young are unfounded. The study was carried out at the request of the International Social Games …
October was another bad month for Atlantic City land casinos, with revenues down 4.4 percent compared with the same period last year, the New Jersey Division of Gaming Enforcement reported Thursday. Total gaming win was $207.2 million compared to $216.9 million in October 2013, with land casino win at $197.7 million and Internet gaming win …
The alleged ring leader of a Klang Valley illegal online gambling business in Malaysia has become the first person to be arrested under recently passed controversial laws allowing individuals to be detained or restricted for two years without trial. The Prevention of Crime Act (Amendment and Extension) Act 2013 covers drug trafficking, triad activities and …
Online gambling software developer BetSoft has signed up operator Picante Gaming and Global Gaming Labs for its full inventory of desktop and mobile games. The games will be used on the websites Picante Gaming.com and GGaming Labs.com. “Picante Gaming is an ideal partner for us,” said Mark Allison, BetSoft account manager Friday. “Their powerful platform, …
The UK online payments solutions provider Optimal Payments plc has announced that it has partnered with Pala Interactive, LLC , an emerging enterprise in the online, real-money gaming space managed by industry veteran Jim Ryan, to provide payment processing services for the U.S. regulated online gaming market.
A Huntingdonshire wedding planner who defrauded 19 wedding couples of GBP80,000 to fund her online gambling experiences has paid for her conduct with a two year prison sentence. Lisa Harrison (34) pleaded guilty to offences of fraudulent trading following a police investigation by a serious crime team which started in December last year and culminated …
The German online sports betting operator Mybet has posted improved numbers for the first nine months of the year, boosted by the company’s third quarter, which achieved a 6 percent rise in revenues compared to the corresponding period last year. Mybet reported the following nine-month highlights: * Revenue of around Euro 52 million up 12.4 …
London billionaire Len Blavatnik has triggered the de-listing of the digital sports media provider Perform Group following the acquisition of 77 percent of its stock by his private equity company Access Industries. Perform controls the Watch&Bet live streaming sports service, along with data providers Opta and RunningBall. Perform’s management confirmed that Access now holds a …
The Canadian online gambling group Intertain, which owns and operates internet properties InterCasino, InterPoker, Costa and other brands on software from Amaya and Dragonfish, has posted its latest Q3 results, highlighting: * EBITDA at – C$1.01 million, but adjusted EBITDA of C$6.93 million in the quarter; * Net income loss of – C$11.75 million, but …
The UK land and online gambling operator Gala Coral has posted a credible set of preliminary results covering the 12 months to end September this year and highlighting: * Full-year turnover up 14 percent at GBP 1.2 billion up 14% on a year-on-year basis; * Gross profit up 9 percent to GBP 890.1 million; * …
Speculation around the fate of the Showboat, the third Atlantic City land casino to shut down this year (see previous reports) has ended following an announcement by Stockton College that it has agreed to obtain the property from Caesars Entertainment for an undisclosed consideration. The education company said Wednesday that it intends to convert the …
The stage appears to be set for Croatia’s entry into the online gambling regulated market; the country’s draft law on internet and mobile gambling licensing and regulation has just received European Commission approval. The government will now take the law through parliament, ultimately leading to a new licensing and regulatory regime by June-July 2015. Passage …