Two important Caribbean interest groups have aligned themselves with Antigua and Barbuda in its decade-long World Trade Organisation row with the United States, calling on the USA to respect the decisions of WTO dispute panels and settle with the Antiguans over its discriminatory approach to online gambling bans (see previous reports). The Caribbean Community (CARICOM) …
Although the Minnesota House has decided not to ban the state lottery’s online games initiative (see previous reports), it appears that the issue is not yet settled. The publication TwinCities.com reports that a combined House-Senate conference committee is scheduled to meet today (Tuesday) to try and reconcile differences on a gambling bill in which the …
The United States Security and Exchange Commission (SEC) has issued an alert cautioning investors on the unique dangers attached to trading and using virtual currencies such as Bitcoin. In an advisory headed “Investments involving Bitcoin present unique risks” the SEC points out that governments and banks are not associated with virtual currencies and these are …
After sitting on the investigation and arrests report for over a month, Shanghai police revealed this week that in April they detained 63 people for their association with an illegal online gambling ring that generated over 113 billion yuan ($18 billion), the Global Times reports. The illegal enterprise allegedly operated a Shanghai-based betting network for …
Online gambling software and games developer BetSoft Gaming has inked a partnership deal with Olé Group International, a prominent i-gaming operator in South East Asia. Under the terms of the partnership, Olé Group’s online offering Olé777, marketing to China, Taiwan, Vietnam and the Philippines, will be taking on BetSoft’s entire inventory of games, including the …
Swedish software supplier Play’n GO has inked an agreement with Guts Gaming Ltd for the provision of a full suite of web and mobile games to be integrated with Guts.com. “I am very excited about working with Play’n GO and adding their amazing portfolio of games to Guts.com”, said Ben Clemes, Head of Casino Operations …
Cherry AB said it continues to gain market share in both its online and restaurant casino sectors. Strong growth in online was recorded over the company’s first quarter 2014 period of 43 percent along with a 50 percent increase in deposits, a performance attributed to extensive marketing activities, mainly concentrated on Cherry Casino.com and Spille …
High 5 Games (H5G) has released a host of new games to its High 5 Casino (H5C) on Facebook which included its first high limit game titled “Empress of Time”. The Steam Punk-themed Empress of Time features a 3-4-5-4-3 reel configuration, 720 ways to win, and Free Games with Increasing Multipliers. “She-Wolf” released to H5G’s …
UK-based football pool betting operator Colossus Bets is reportedly set to launch a B2B division that it says has already signed up 13 unrevealed sports betting partners who will support its football pool and fractional cash-out features. Parent company Colossusbets Limited was registered in March 2012 with the UK Companies Register. The register names the …
A Flemish player at Casino de Spa’s online operation Casino 777.be walked away with Euro 220 000 when he hit it lucky playing the “Diamond Tower” slot game. Casino 777 reports the player as being “overjoyed and amazed” at the unexpected win. “To see a player win over 200,000 Euros is quite unusual, but as …
When you’re in a competitive battle for high official office in a US state, you are open to attack by your opponents on your business activities, and that appears to have happened to Warren Tolman, a candidate for the post of Attorney General in Massachusetts. In a television interview that aired Sunday, Tolman revealed that …
The Washington Post and the Spartanburg Herald Journal both carried pieces decrying the need for online gambling bans over the weekend, pointing out that prohibiting something for which there is a strong demand simply pushes people towards a black market and makes consumers less safe. Michelle Minton, a fellow at the Competitive Enterprise Institute in …
The commercial clout of the business media was again illustrated last week when companies with an interest in online lottery activities in China found their share prices under siege following a misinterpreted report from a news agency that the government regarded all online lottery operations as illegal. So serious was the fall-out, China’s Ministry of …
Two investment advisory firms have voiced support for suggestions by an activist investor that the board of Bwin.Party Digital Entertainment needs an infusion of new blood and thought. The proposal the election of four new directors to the board comes from Jason Ader’s SpringOwl investment company, which holds a 5.2 percent stake in the online …
The battle for the minds of Washington lawmakers on whether online gambling should be banned in the USA continued over the weekend with an op-ed in the publication The Hill by Joe Valandra, CEO of tribal i-gaming provider Great Luck LLC. After giving a summary of the background to tribal and internet gambling, Valandra wrote …
Malaysian police in the South Seberang district this week destroyed 766 desktop computers seized in recent years by the police in raids on illegal internet cafe gambling outlets. Local commander Superintendent Shafien Mamat told reporters that the raids had resulted in the successful prosecution of 200 persons for illegal gambling activity in the district, and …
Spanish online gambling operators, already burdened with bureaucratic reportage and high taxation requirements, have been advised that tighter anti-money laundering regulations must now be applied. These include the identity verification of any player receiving a pay-out of more than Euro 2,500; measures to check up on repeated winners and to better uncover suspicious player activity; …
The online betting group GVC Holdings has announced the inclusion of Betradar’s ‘Virtual Football League’ to its offering, which includes the Australian operations of Sportingbet which GVC acquired last March (see previous reports). VFL provides sports punters with a virtual reality experience through the use of 3D animation and artificial intelligence, available around the clock …
A GBP 15,000-a-year finance assistant was sent to prison for three years by a Manchester judge this week after pleading guilty to fraud by abuse of position in which she stole GBP 508,000 from her employer, a local motor claims company that has been so badly hit by the thefts that it has had to …
During the first quarter of 2014, the Mr Green Casino company continued to grow substantially, both in terms of sales and earnings, according to its Q1-2014 posting Friday. Management claims that the enterprise significantly outperformed the market, resulting in the company continuing to capture market share. The online casino group’s total revenue amounted to SEK …
Spurred on by complaints from microlenders and pawn shops who see as much as 40 percent erosion of their business through luckless gamblers resorting to bank cards rather than selling property to cover land gambling debts, the Chinese government has embarked on a crackdown at UnionPay, the only legal domestic bank-card organisation available to Chinese …
Land casino mogul Sheldon Adelson took his jihad against US online gambling to Bloomberg’s business TV channels this week in an interview with Betty Liu which showed either a deliberate or ill-informed disregard for the facts. We thought the ninth wealthiest man in America came over as somewhat overbearing and even arrogant, bolstered by a …
The Q1-2014 results for Scientific Games Corporation, which recently acquired WMS, make for rather depressing reading on the numbers side, showing an $11.1 million positive in Q1-2013 reduced to a $12.7 million loss in operating costs in the first quarter of this year. The company posted an overall net loss for the first quarter 2014 …
The overall Q1-2014 group results for US gambling giant Caesars Entertainment may have been less than stellar, but the company’s Caesars Interactive Entertainment division led by Mitch Garber turned in a creditable performance, boosting net revenues by almost 50 percent year-on-year to $124.2 million. Growth in social and mobile operations, along with the $90 million …