Jinan City Police in east China have detained 39 people and frozen numerous accounts following an eight month investigation into a cross-border online gambling ring. Authorities said 60 billion yuan is in question following a tip off from China’s central bank in March 2014 (see previous reports). The bank reported large transactions it deemed abnormal, …
Sandra Barton has been appointed to lead EveryMatrix’ Payment Product Development Department. Barton joins the company from a position as head of payments risks and compliance at BetVictor. Prior to which, she spent three and a half years at Betfair as head of risk investigations. Ebbe Groes, chief executive officer for EveryMatrix said: “We are …
Bitstamp, a European Bitcoin exchange, has temporarily suspended services saying one of its operational wallets was compromised this past weekend resulting in a loss of around 19 000 BTC (worth around US$5.3 million). The company’s online advisory requests customers not make any further deposits to issued bitcoin deposit addresses as the investigation into the incident, …
Atlantic City Bankruptcy judge Gloria Burns ruled Monday that the sale of Revel Casino Hotel to Florida real-estate developer Glenn Straub should go forward at his original bid of $95.4 million, despite his claim that his bid should be reduced to $87 million (see previous reports). The unusual situation arose after Straub objected to his …
The Paul Phua case gets more intriguing by the day as prosecutors and defence lawyers engage in technical duelling about the conduct of the FBI in the original sting operation, and more recently a letter from a Malaysian minister certifying that Phua is not (as had been claimed by the FBI) associated with organised crime …
https://www.youtube.com/watch?v=5I65DZ8uyDs bwin.party digital entertainment’s Foxy Bingo has undergone a revamp with the launch of a more contemporary website backed by an extensive marketing campaign. The upgrade to the Foxy Bingo website includes a selection of 60 new games along with an upgraded user interface, the company said. A series of TV adverts, developed by creative …
Net Entertainment has kicked off the new year with a bang, publishing a preview of Steam Tower, a 5 reel, 15 pay-line video slot with a steam-punk theme that will be released on February 23rd. The Victorian steam age sets the backdrop against which players are taken on a journey that involves climbing a steam …
Paul “Wei Seng” Phua, a high profile poker player and the major defendant in a prosecution for illegal sportsbetting from a Las Vegas casino resort villa during the FIFA World Cup football last year (see previous reports) is not associated with the Chinese criminal triads, a Malaysian minister has certified. The acknowledgement will help dilute …
2014 was a bad year for Macau casino stocks thanks to the Chinese government crackdown on corruption, which scared away many high rollers and triggered declining revenues in the final seven months of the year. That resulted in falling casino company share prices, with the six main stocks plummeting 40 percent in market capitalisation to …
The latest online gambling site to become the victim of a cyber attack, New Zealand’s TAB, told media reporters that it was targeted over the festive season in an “unprecedented and concentrated cyber attack” which prevented punters from placing bets. Acting CEO at the New Zealand Racing Board, Glenn Patrick told reporters: “It started on …
Senior Democratic Party politician Senator Harry Reid (75) suffered broken ribs and facial bones when an exercise machine collapsed at his home in Nevada, reports Associated Press. Reid’s office issued a statement confirming that the senator was kept in hospital overnight following the injury, and that the accident happened when an elastic exercise band broke, …
Earlier this week Bwin.Party Digital Entertainment revealed that it is in talks with unspecified suitors regarding the possible sale of its social gaming subsidiary Win, and it appears from a Wall Street Journal report that the company concerned is Maytal Olsha’s new company, Rising Tide Games. Olsha is a dynamic industry exec who has held …
Daily fantasy sports betting remains the hot topic in the United States at present, with the major newspaper USA Today carrying a large article on the phenomenon over the weekend. The article highlighted the interest of major sports leagues in the USA – traditionally strongly opposed to any form of gambling – in daily fantasy …
The expected continued decline in Macau gambling revenues has been confirmed by figures for December released by Macau’s Gaming Inspection and Coordination Bureau, which show that revenue fell a record 30.4 percent in December to 23.3 billion patacas to complete a miserable second half of the year. It was the seventh consecutive monthly decline. The …
The 2014 festive season will be one which an unnamed punter from Galway, Ireland remembers for many years….his Euro 5 Super Coupon returned a bonanza of GBP 421,500 on December 26. The gambler bought his coupon at one of Paddy Power’s retail betting outlets in Galway and 19 of his accumulator selections were straight Win-Draw-Win …
The Scottish Professional Football League is reportedly in talks with mobile gambling company Fruity Kings to explore the possibility of a three-year sponsorship for four league teams at around GBP 1.75 million a year. The Daily Record newspaper claims to have seen leaked emails discussing the agreement between the SPFL’s head of partnerships Keith Campbell …
H2 Gambling Capital’s interesting study of Australian online punters continues to generate media coverage, with the results showing up on several publications this week. The study indicated that: * Adults in Australia on average spend about A$17.52 per week on gambling; * They have more positive views on gambling than do land-based gamblers; * There …
The ability to watch, play and bet online on virtual sports – including battle arena-oriented popular virtual offerings like League of Legends and Dota 2 – has resulted in fast growth for online sports betting companies that have embraced the vertical, reports NBC. Improvements in sound effect, graphics and animation technology have made possible absorbing …
The owners of Bingo.com have sold the online gambling operations and assets of the firm to the Unibet plc group for a consideration totaling $8 million, and plan to focus on fremium social bingo going forward. In a statement on the last day of 2014 the company, which owns the free-to-play social bingo enterprise Trophy …
US media reporting on the reintegration with Caesars Entertainment of its offshoot Caesars Acquisition Company predict that Mitch Garber is destined for the top spot when current president and CEO Gary Loveman’s contract ends in 2016. Garber is the former CEO of the Party Gaming group, leaving before its merge with Bwin Interactive to form …
The continuing parlous state of New Jersey’s gambling enclave Atlantic City has prompted Steve Sweeney, the president of the New Jersey Senate, to make a controversial proposal in an op-ed article in the publication Philly.com. Part of the proposal is to introduce an investment alternative tax – a levy of 1.25 percent on gross gaming …
Ending 2014 on a sour note, the Bwin.Party Digital Entertainment online gambling group warned Wednesday that revenues have been hit by a weak gross-win margin in recent sports betting, and revealed that it is in discussions regarding the sale of its loss-generating social gaming subsidiary Win. In a pre-closing trading update the company advised: * …
MGT Capital Investments and adult entertainment company Vivid Entertainment LLC have partnered in an exclusive deal that will see the development and marketing of a new online fantasy sports offer at Vivid Bet Sports.com MGT owns daily sports wagering platform DraftDay.com and launched a new free-to-play platform Daily Fantasy Legend on Facebook (see previous reports) …
A directive from Macau’s Gaming Inspection and Coordination Bureau (GICB) informs junket operators of the introduction of a new measure that requires them to be in possession of a clean certificate of criminal record from VIP gambling clients before opening their accounts, effective January 1, 2015. “This could really impose a big impact on new …