The online gambling information portal Casino Listings.com has conducted a sample study of online casino pay-out rates at three respected online gambling industry operations, 32 Red, Bet365, and 888 Casino, comparing these with the aggregated pay-out statistics reported by the Nevada Gaming Control Board for Nevada casinos, and Atlantic City casinos as reported by the …
A newspaper article about “suspected” international money laundering transactions taking advantage of Malta’s vibrant financial brokerage services and online gambling regulatory regime has evoked a response from the newly appointed chief of the Lotteries and Gaming Authority (LGA) Joe Cuschieri. In a long article, Malta Today discussed the 29 “suspected” financial transactions involving Malta that …
Ron Bernstein, a co-founder in the now shuttered Ireland-based InTrade online betting and prediction site, has shown that you can’t keep an entrepreneur down, resurfacing with a new fantasy sports venture. The New York publication Dealbook reports that Bernstein is back following last year’s regulatory shutdown of Intrade for financial irregularities (see previous reports). The …
Clearly anticipating the advent of legalised online gambling in New York, the Empire City Casino has signed up for online gambling technology services from Irish supplier GameAccount Network plc. In a statement Wednesday GameAccount said that it had contracted to launch a Simulated Gaming online experience for new customers and existing patrons of Empire City. …
Boyd Gaming’s Atlantic City casino Borgata has posted a $3.2 million loss on its new online gambling operations, largely because of one-time marketing costs related to launching the program, which went live last November. Borgata is the market leader in the nascent intrastate internet gambling market in New Jersey and is expected to continue to …
Yesterday’s sentencing of Anatoly Golubchik, a major figure in a massive online sportsbetting and poker gambling ring bust in New York last year (see previous report) was followed Wednesday by the sentencing of two other principals in the case, Manhattan art dealer and playboy Hillel Nahmad and professional poker player Vadim Trincher. Once more Judge …
In a series of reforms announced today (Wednesday) the UK Government’s Department of Culture, Media and Sport is pushing for funding of a GBP 2 million responsible gambling campaign targeted at the younger demographic. The campaign which will be funded by the gambling industry, is expected to launch later this year. A “Think 25 Initiative” …
Sunset Beach is Playtech’s latest slot title, set to a vacation beach-theme, this non-downloadable game is available in real-money or play for fun modes. Features include four individual slot machines that spin simultaneously, Expanding Cloning Wilds and Free Spins. http://www.youtube.com/watch?v=4uljuiSRc9M
Churchill Downs Inc has renewed its agreement with Webis Holdings PLC’s WatchandWager.com LLC which begins with the start of Churchill Downs’ Kentucky Derby in Lexington this coming weekend. “This contract is particularly significant as it encompasses the rights for this Saturday’s Kentucky Derby at the Churchill Downs racetrack itself,” a company statement said. The contract …
The European Court of Justice reiterated its guidelines for national online gambling jurisdictions Wednesday in finding that Austrian laws lacked the necessary consistency. Last year Advocate General Sharpston issued on Opinion on the Pfleger case (C-390/12) concluding that, unlike the Austrian current system, national gambling legislation should be strictly consistent. The ECJ has now agreed …
The British government confirmed Wednesday that it is taking a more reasonable approach to ameliorating the threat of problem gambling that Fixed Odds Betting Terminals and the location of betting shops allegedly represents (see previous reports). FOBTs account for some GBP 1.5 billion in annual revenues for Britain’s major betting firms, and rather than insisting …
Bet stimulation technology firm Bettorlogic has inked deals with BetClic Everest, Bwin and Betsson, three major European operators. Betsson will initially concentrate on BettorLogic’s full range of football services while BetClic Everest and Bwin have signed up for the full range of tennis, NFL and football. Bettorlogic’s Livelogic product provides in-play updates that react to …
Unibet’s soon-to-be spun off Kambi Sports Solutions has been selected by 32Red Plc in an initial four-year deal for the delivery of a fully managed sportsbook solution which will go live in time for the 2014 FIFA World Cup. Kambi’s sportsbook will be integrated with 32Red’s Microgaming platform, allowing players to move seamlessly between casino …
B2B software and online gaming content provider GameAccount Network (GAN) revealed a substantial rise of 123 percent in Net Revenue and a solid increase in EBITDA during its FY2013 report. The company had a strong year, launching into the newly regulated New Jersey market and clinching deals with Foxwoods, KONAMI Gaming, Multimedia Games, Reel Time …
The UK Advertising Standards Authority (ASA) will review its enforcement of the gambling advertising rules following what it terms as “Ministerial interest in the growth in scale and volume of gambling advertising since 2007”. The Department of Culture, Media and Sport is reportedly behind the request for the Gambling Commission, CAP, BCAP, the ASA, Ofcom …
A major online sports betting bust in Ottawa, Canada two years ago had a sequel in a local court this week when Gary Saikely (51) was sent to jail for 18 months by Judge Hugh Fraser for his part in the $5 million illegal gambling enterprise. He was allegedly one of 21 individuals picked up …
The Bruno Leoni Institute in Italy as concluded from a recent study what operators have been complaining about for years – over taxation is counter-productive and results in weaker player protection as punters are driven into the arms on unlicensed operators who can make better offers. Reporting on the Leoni study titled “Gambling: More Taxes, …
The Australian land and online betting group Tabcorp posted its fiscal Q3-2014 results Wednesday showing group revenue up 2.5 percent, mainly thanks to strong performances in fixed odds and online betting. Group revenue between January and March totalled A$492.3 million, whilst the year-to-date figure is now up by 1.5 percent to $1.54 billion. Revenue from …
New Jersey resident and one of the major defendants in the “art dealer” online sports betting and poker busts that took place in New York last year (see previous reports) Anatoly Golubchik was sentenced Tuesday by federal Judge Jesse M. Furman, receiving a heftier prison sentence than he literally had bargained for. 57-year-old Golubchik was …
The Nevada Gaming Control Board released its March numbers for the gambling industry Tuesday, reporting that baccarat action helped the industry to overcome a two consecutive months-long decline to rebound to a 7.6 percent increase in revenues. Gaming revenue state-wide increased 7.6 percent to $982.2 million during the month, with gaming revenue up 10.9 percent …
The House Democratic Policy Committee in the Pennsylvania Legislature is to hold a hearing on May 1st on the impact of intrastate online gambling following requests submitted by State Reps. Rosita Youngblood (chairwoman of the House Gaming Oversight Committee) and Tina Davis, a pro-online gambling legalisation supporter who will serve as co-chairwoman. The House Democratic …
At least one of the reasons for the disappointingly slow growth of legal online gambling in Atlantic City was illustrated by processor CAMS LLC this week, when it told the Associated Press news agency that only 44 to 46 percent of credit card transactions attempted by New Jersey punters were accepted by the big card …
The British online and land gambling group Ladbrokes plc has posted its Q1-2014 results showing declining group revenues but encouraging developments in mobile sports betting. CEO Richard Glynn added his voice to other executives in the industry in warning that government over-regulation and taxation in the UK presented a danger of betting shop closures and …
The massive ‘Allied Veterans of the World’ internet cafe gambling bust in Florida last year claimed another victim this week when Robert Freitas pleaded guilty in connection with his part in the $300 million gambling ring. Freitas, who is also a vice president of the Jacksonville Fraternal Order of Police, has agreed to testify against …