The House of Lords debate this week on the new point-of-consumption British licensing and taxation law (see previous reports) has produced a suggested amendment that, if approved at subsequent readings, could have serious additional financial implications for companies that licence in the UK. Pushed by Lord Gardiner, the amendment seeks to use government legislation to …
The Spanish regulator Dirección General de Ordenación del Juego’s latest numbers indicate a 15.6 percent quarter-on-quarter improvement in revenues in this now notoriously sluggish and heavily taxed online gambling market…but the results still lag behind those achieved a year ago. Q4 revenues reached just under Euro 60 million, 2.5 percent lower than the comparative period …
Speaking to reporters following the publication of the company’s latest results (see previous reports), Paddy Power chief exec Patrick Kennedy said he wants to enter new markets overseas and offer more services in countries such as Australia and Italy if some types of online betting are made legal in those markets. However, he would not …
Boyd Gaming, the New Jersey company that owns the Borgata, has posted a disappointing result for the casino resort’s fiscal fourth quarter, reporting total revenues of $157 million, including $2.2 million from online gambling – a 6.5 percent increase on Q4:2012, although in the comparative period the casino had to contend with major interruptions from …
The Quezon City Council in the Philippines is currently reviewing a proposal that calls for greater regulation and control of online gambling and bingo games, including those held in carnivals and those for charitable causes. The Inquirer.net newspaper reports that the proposal – the work of councillors Jesus Manuel Suntay and Godofredo Liban – is …
Bitcoin bank Flexcoin has closed its virtual doors with immediate effect following an electronic heist on its “hot wallet” on March 2, 2014. According to Flexcoin, the hacker made off with 896 BTC (valued at approx $600 000), dividing them into these two addresses: 1NDkevapt4SWYFEmquCDBSf7DLMTNVggdu 1QFcC5JitGwpFKqRDd9QNH3eGN56dCNgy6 Flexcoin said it does not have the resources, assets …
Paddy Power has been ordered by the UK Advertising Standards Authority (ASA) to pull a rather distasteful ad campaign centred on the current trial of South African Para-Olympian Oscar Pistorius following receipt of a record 5 200 complaints. The online and print campaign is running bets on the trial under the strapline “money back if …
Danish telecom company TDC will enter the Danish gambling market with Ecosys Ltd, a Danish firm headed up by bold.dk and Bet24.com founder Holger Kristiansen. Bet24 was sold to MTG and in mid-2012 absorbed into Unibet in a takeover deal worth Euro 13.5 million (see previous reports). This new collaboration will see the launch of …
Foxy Bingo and Cheeky Bingo parent company Cashcade has awarded its media planning and buying contract to UM London media communications agency following a competitive pitch. Cashcade will move its GBP 8 Million media account from incumbent independent media agency Concord. Ben Reilly, an account director at UM London, said: “These are great brands to …
In a follow on from earlier press statements today (see previous report), Playtech has announced that Teddy Sagi’s Brickington Trading Limited’s proposal to sell approximately 29.3 million ordinary Playtech shares at a price of 725 pence per ordinary share has been expanded. Brickington says that due to overwhelming demand from existing and new investors, it …
“The Palladium”, a 4 by 6 reel, 50 payline game is set to a night club theme and offers a special Super Symbols features. “Love U” offers triple symbols and free games with a multiplier collection feature in a college-themed 3 by 5 reel, 5 payline game. The classic tale of Robin Hood and Maid …
Scientific Games Corp-owned subsidiary Williams Interactive will provide its Las Vegas-style slot games to gaming sites running on the GameSys Group platform in New Jersey through integration with the Williams Interactive Remote Game Server. Operators include the likes of Virgin Casino and Tropicana Atlantic City Online. The deal is an extension to Williams Interactive and …
The San Jose, California-based online security company ThreatMetrix has announced its entry into the world of online gambling, offering its context-based security and advanced fraud prevention solutions to operators. The company recently became a registered vendor with the New Jersey Division of Gaming Enforcement, empowering it to conduct business with casinos in Atlantic City. “ThreatMetrix …
The Perform Group, a digital sports media company in the UK, posted a shocker of an annual report this week, reporting a 75 percent year-on-year decline in pre-tax profits, which it blamed on rising costs and a tough business year. For the year ended December 31 the company reported revenues up by 37 percent to …
The major Australian betting company Tabcorp Holdings Limited has announced that participants in the company’s Dividend Reinvestment Plan in respect of the interim dividend announced on 6 February 2014 will be allocated ordinary shares at a price of A$3.47 per share on the dividend payment date of 24 March 2014. The price represents a 2.5 …
Online gambling software company Playtech plc announced Wednesday that Teddy Sagi’s company Brickington Trading Limited – a 49 percent shareholder in Playtech – intends to sell 29.3 million of its shares in Playtech (10 percent of the company) at a price of 725 pence per share via an accelerated bookbuild. “The Placing Shares represent approximately …
The acquisition of the Dutch-facing Kroon and Oranje online casino businesses by Betsson has received regulatory approval and has now been completed, according to a Betsson statement Wednesday. Betsson agreed to purchase the holding company, Class One Holding Ltd, for Euro 100 million earlier this year (see previous report) subject to regulatory approval. The consideration …
In a major anti-fraud operation dubbed Op Voluto, Spain’s Guardia Civil has arrested five individuals in Torrevieja and Benidorm who are believed to be involved in a card data theft scheme that touched over 2,000 petrol stations across the country. Around October 2012 police started investigating a fraud gang that had an unusual modus operandi; …
The London listed online sports betting group Sportech plc has released its full year results for the period ended December 31 2013, reporting good progress on its strategic goals, with growing momentum in its US enterprise. Financial highlights in the report include: * Revenue up at GBP 110.3 million (FY 2012: GBP 107.7m) * EBITDA …
The Swedish online gambling software provider Yggdrasil Gaming has launched its first Asian-facing products, allowing its network of existing partners to take on board its unique slot, keno and scratch card games. Japanese, Vietnamese and Thai language versions of Yggdrasil Gaming’s flagship Jokerizer and Winterberries video slot games are live and available from today. Jokerizer …
A constitutional amendment proposal intended to open the door for more land casino action in Kentucky also has the potential to be used to legalise online gambling, according to a report in the Courier-Journal newspaper. The proposed amendment was filed by House Speaker and Democrat Greg Stumbo Tuesday as HB 584, suggesting that the state …
Gibraltar-based marketing solutions firm Traffic Generation Ltd (TraffGen) has launched a new cross platform Tournament Management System (TMS). Operators utilising TraffGen’s new product will be able to run real-time tournaments across land-based, digital and social channels. TMS is described as taking the hard work out of tournaments, automatically delivering targeted game play content across multiple …
Fourth quarter 2013 online gaming results released by the Dirección General de Ordenación del Juego (DGOJ) show a step in the right direction in terms of volume in the Spanish market. Key Q4 performance figures include: – Online gaming stakes amounting to Euro 1,472 million, a 13.9 percent increase over the previous quarter. – A …
Greek gambling monopoly Organization of Football Prognostics S.A. (OPAP) has appointed GTECH S.p.A. as the company’s online sports betting provider following a closed tender procedure in which five international companies took part. GTECH’s cooperation will initially be focused on online sports betting and marks a milestone in the history of OPAP as the company enters …