Nine defendants, led by Ylli Gjeli, are named in a new online sports betting indictment unsealed in the United States District Court for the Eastern District of Pennsylvania on Friday, accusing them of a slew of federal charges that include RICO activity, loan sharking and providing illegal online gambling through websites like 247fantasysports.com and YourBetsOnline.com. …
Taiwan-based online gambling group GigaMedia’s misfortunes continued to mount this week with the release of the company’s Q2-2013 numbers, revealing that revenues were down 13 percent to $3.65 million on the last quarter, and 49 percent year-on-year. Gross profit declined 17 percent to $1.92 million on the quarter, and 50 percent compared with the same …
Asian-facing online betting firm SBObet continued its English Premier League football sponsorship spree this week with a three year deal with Southampton FC, bringing to five the clubs with which it will be associated in coming seasons. The Isle of Man licensed company, headed by former regulator Bill Mummery, has previously announced deals with Norwich …
Media in Seattle is reporting major changes in train at one of the most promising US game developers, Big Fish Gaming, with up to 140 staff lay-offs in both the United States and Europe. Up to 50 jobs will be lost at the Seattle headquarters of the firm, with other staff cuts and transfers in …
The publication Intergame carried an interesting interview with arcade gaming company JVH’s chief executive, Eric Olders, this week in which he called for a level playing field when the Dutch government implements its online gambling regulations. Olders said that gambling law in the Netherlands was in need of change to keep pace with the modern …
In its first interim report as a listed company on Sweden’s AktieTorget, online gambling company Mr Green AB posted high growth for game win and operating profit in Q2-2013. Game win increased 77 percent year-on-year and totalled SEK 114.6 million. Operating profit also rose substantially, reaching SEK 27.4 million (3.6) for the quarter. Earnings per …
The Bahamas tourism industry gathers together next month for a conference titled “Shrinking The Global Divide: Synergy, Service and Sustainability” and on the agenda is a discussion on the legalisation of online gambling and the tourism benefits that could bring to the nation. Proponents of internet gambling claim that the country’s gaming laws have not …
The Sportech gambling group’s struggling Playtech-powered e-gaming division could be given a new lease of life if the company is able to enter the legalised New Jersey online gambling market in November this year, an area in which it appears to share competitive ambitions with a number of other international online gambling firms. The company’s …
The owner of internet cafe operation Liberty PCS in Gilroy, California is defying local and state enforcement authorities on gambling allegations, re-opening his enterprise this week after being shut down by police raids early in August . Liberty PCS has in addition thrown down the gauntlet on officials, filing a lawsuit against the City, state …
The second quarter of 2013 was not a good one for Atlantic City’s 12 land casinos, which reported a collective earnings decline of 45 percent, state regulators revealed Thursday. The New Jersey Division of Gaming Enforcement said the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million …
A 68-year-old Californian, Richard Allen Hancock, was sentenced to sixteen months in prison after pleading guilty to online sports betting and money laundering charges before an Oklahoma federal court this week. In sentencing Hancock, U.S. District Judge David Russell gave him credit for cooperating with federal authorities, but ordered him to forfeit $1.45 million in …
The Brisbane, Australia-based international lottery provider Jumbo Interactive’s FY results for 2013 reveal that profits fell 55 percent, mainly due to the company’s aggressive expansion strategy into European markets. The firm nevertheless produced a performance ahead of market guidance, reporting: * TTV at A$109 million (FY-2012: A$100 million * Revenue at A$25.2 million (FY-2012: A$24.1 …
Australia’s multi-billion-dollar wagering market is becoming a battleground between established Aussie bookies and online rivals with foreign managements, according to Australian media reports…and local giants like Tatts Group intend to fight off the challenge with increased internet marketing activity. CEO Robbie Cooke told local media reporters that he believed the business had a “significant untapped …
Next Casino.com, a white label online and mobile casino operated by OddsMatrix, has been making good headway since its launch in the third week of July this year, and epitomises the multi-software concept designed to give the online punter maximum choice. The ownership of the Malta-licensed operation is not declared upfront on its professional and …
Results for the 12 weeks to July 6 2013 have been posted by the UK land and online gambling group Gala Coral, showcasing an outstanding performance from the group’s interactive interests, which saw earnings soar 25 percent to GBP 6.6 million. As a group, Gala Coral gross profit rose 3 percent to GBP 193.9 million …
The quaintly titled Tel Aviv, Israel-based game developer diwip reports that its $2 million investment in Slots Club, launched in beta format in June on Facebook, is attracting plenty of action. The new game, developed with the company’s experience with Best Casino on Facebook, offers players a selection of 40 pay-line, themed slots with all …
The UK interactive gambling company NetPlay TV plc has announced that its brand SuperCasino.com is the headline sponsor of Celebrity Big Brother 2013, due to air 22 August 2013 to 13 September 2013. This sponsorship represents the NetPlay’s second major sponsorship deal, following on from the previous successful sponsorship of Big Brother. SuperCasino.com branded bumpers …
Swedish online gambling games developer Net Entertainment has announced the launch of its new Magic Portals slot, which it says takes players on a mystical journey to a place where wizards and warlocks make magic happen. The game is a 5-reel, 3-row, 25-line video slot featuring two Magic Portals that can transform matching symbols into …
Sportech plc has posted its H1-2013 result to end June 2013, reporting progress on strategic goals and continued momentum in its United States endeavours, but e-gaming losses despite increased market spend. Financial highlights of the report include: * Revenue broadly stable at GBP 57 million (H1-2012: GBP 57.7 million) * EBITDA down at GBP 11.8 …
Online and land gambling group Paddy Power is using the power of social networking giant Facebook in its latest and typically innovative and amusing marketing move, offering its almost one million followers a chance to win GBP 1 million on a truly out-of-this-world bet. Paddy has combined its fanciful Paddy Power Space Academy with a …
The virtual currency Bitcoin received an important boost this week when the German Finance Ministry announced that the product can be used as a “unit of account” or “private money”, allowing it to be used in commercial transactions. The ruling does not mean that Bitcoin is recognised as legal tender, officials stressed, although transactions carried …
Top US land gambling exec Steve Wynn of Wynn Resorts has not given up on his ambitions in the online gambling field, it appears. The Press of Atlantic City reports that his Wynn Interactive division has become the latest applicant for a New Jersey online gambling licence in preparation for the state implementing online gambling …
In its latest assessment of major US land gambling group Boyd Gaming the investment publication Seeking Alpha opines that the move toward online gambling in the United States is a major tailwind for the gambling industry. Another is the upturn in Las Vegas over the last 12 months, where almost 18,000 jobs have been added, …
UK bookmaker Ladbrokes and Notts County Football Club (NCFC) have partnered in a one-off shirt sponsorship deal for the Capital One Cup encounter with Liverpool. Ladbrokes’ logo will feature prominently on the “Magpies” shirt front for the hotly contested round 2 fixture. “We have enjoyed some fantastic relationships with high profile national brands during my …