BITCOIN CURRENCY ONLINE CASINO SOLD FOR $11.5 MILLION Satoshi Dice transaction appropriately conducted in Bitcoins The first major acquisition of an online gambling company accepting the Bitcoin virtual currency has taken place, with online casino firm SatoshiDice sold to an undisclosed buyer for 126,315 Bitcoins, or about $11.5 million, reports the publication TNW. The buyer …
British internet gambling operator SkyBet has inked a 5 year sponsorship deal with The Football League. The deal includes renaming the League’s flagship competition ‘The Sky Bet Football League’, with its three divisions being titled ‘The Sky Bet Championship’, ‘Sky Bet League 1’ and ‘Sky Bet League 2’. This new agreement is Sky Bet’s first …
Online gambling games provider iSoftBet has announced the upcoming release of its latest addition to a games inventory that is now around 400-strong….a 5-reel, 243 Ways-to-Win online slot branded on the famous but deceased martial arts hero Bruce Lee. Company literature claims that the Bruce Lee slot benefits from stellar audio-visual effects and features that …
The Illinois Lottery is disappointed in the results delivered by Northstar Lottery Group, a joint venture between GTech and Scientific Games, despite the company boosting lottery profits to $793.5 million on a 6 percent improvement of sales to $2.8 billion…well short of its promised target of net income of $947 million. Northstar was established in …
In what is perhaps an indication of the gravitas some US senators attribute to finding out more about online gambling, a Senate sub-committee hearing this week ground through repeatedly made and often irrelevant arguments; the chairlady left after starting proceedings; and only half of the designated committee members pitched up to educate themselves. The hearing …
Online gambling group Betable is reportedly in the money again following its latest round of financing, which investment media claims has raised up to $20 million, although the company has not yet confirmed this. Venture capital company Venture51 is heavily involved in the latest round, which brings the value of the company up to well …
Numbers from the French regulator ARJEL Wednesday showed that despite complaints of high taxation and the need for reform, the French market outperformed its national equivalents in Italy and Spain. Remote gambling in the French ring-fenced market delivered GGR of Euro 798 million in 2012, well ahead of Italy’s Euro 749 million and Spain’s Euro …
Tier one Brit online and land bookie Betfred has inked a deal with boxing promoter Frank Warren Promotions and 24-hour boxing television channel BoxNation to become the title sponsor of two British boxing events this summer. The sponsorship will be for the Behind Enemy Lines card at Wembley Arena on July 20, featuring a headline …
Online gaming operator 32Red Plc has presented record revenues in its First Half 2013 trading update despite softer than expected revenues derived from the Italian market. The company reported a 15 percent increase in Total Gross Win to GBP 19 million (H1/2013: GBP 16.5 million) and Gross Win Revenue of GBP 16.9 million, up 17 …
Amaya Gaming Group has closed the private placement of common shares previously announced at the middle of June 2013. The Private Placement was conducted through a syndicate of underwriters at a price of $6.25 per Common Share for total gross proceeds of around $40 million. Proceeds will be used for general corporate purposes and working …
Michael Cawley has been appointed as an independent non-executive director and a member of the Audit Committee at Paddy Power PLC. Cawley has been Deputy Chief Executive Officer and Chief Operating Officer of Ryanair since 2003, having joined as Chief Financial Officer and Commercial Director in 1997. His responsibilities have included the management and exploitation …
Australian telecommunications and media company Telstra has signed a multi-million dollar, five-year agreement with Tabcorp for the supply of mobile voice, data, Application Assured Networking and fixed telephony services to the company in Australia and overseas. The agreement, which includes an option to extend for another five years, also features access to Telstra’s Next G …
The Professional Players Federation (PPF) and bookmaker’s bet365, Betfair and Ladbrokes have renewed their funding partnership in a three-year extension announced at the UK House of Commons on Tuesday. The deal will provide funds for player associations to finance education drives on sports betting integrity and the prevention of match fixing to some 7 500 …
International Game Technology’s DoubleDown Casino fun-to-play gaming app has been integrated on selected Century Casinos websites. Players visiting Century Casinos websites can play a range of over forty casino-style games such as Game King Video Poker, Black Jack, Roulette, Poker and Bingo and other slot content that includes popular IGT titles such as Wolf Run, …
You Can! is a book being punted as the first comprehensive guide to starting and running an e-gaming enterprise published by Isle of Man-based e-gaming consultancy Counting House. The book, which includes a foreword by Economic Development Minister John Shimmin, contains contributions from twenty-six businesses and organisations representing a cross-section of the Island’s e-gaming industry. …
The US Senate sub-committee on Consumer Protection, Product Safety and Insurance has somewhat belatedly released its witness list for a hearing on internet gambling scheduled for today (Wednesday) in Washington . Included on the list is Tom Grissen, who is chief executive of Daon Inc., a developer of biometrics software who will presumably cover technology …
BLUEBAT TO HELP ONLINE CASINOS PENETRATE SOCIAL GAMING Canadian software developer has a new box of social gaming tricks The move into social gambling by online casino operators has persuaded a Vancouver, Canada software firm that its future lies in assisting casinos to penetrate that sector. 10-employee start-up BlueBat unveiled its core product this week …
ANTIGUA GETS DOWN TO BUSINESS ON U.S. GAMBLING SANCTIONS (Update) Government announces formation of WTO Remedies Implementation Committee After more than a decade of trying to persuade the United States to respect World Trade Organisation rulings on online gambling in its favour, the Antigua and Barbuda government appears to be moving ahead with action rather …
Chief Executive of the Association of British Bookmakers (ABB) Dirk Vennix said new anti-money laundering measures proposed by the European Commission (EU) are not viable. The proposed Fourth Anti-Money Laundering Directive would require bookmakers to scan customer’s passports and record their personal data for any single transaction over Euro 2000 or GBP 1700 and this …
Sixteen men were sentenced to jail terms for operating an illegal casino and arranging online poker games and gambling in an electronic games shop in Jumeirah Beach by the Dubai Court of First Instance this week. Four of the men were jailed for a 12 month term while the other twelve were sentenced to three …
The Spanish football league Liga de fÚtbol profesional española (LFP) and Betfair have renewed their cooperation agreement in an effort to maintain the integrity of the game in combating match fixing and other fraudulent activities. Betfair has agreed to provide the LFP with gambling activity information and the identification of individuals when there are compelling …
32Red has agreed a sponsorship with Nottingham Racecourse for a number of races that include the full race card on July 19 and a trio of meetings in October. The firm has raised its public profile with other recent sponsorships that include the British Newport County and Crawley Town Football Clubs, Newmarket and Market Rasen …
Mythos HD is World Match’s (WM) newest slot release themed on the ancient Greek Gods where players are tasked to face up to the powerful Poseidon and Ares the bloodthirsty. The game features a Free Spin Game based on the legend of the Mouth of Truth which will award lucky players with free spins and …
Bally will acquire all of the outstanding shares of SHFL for a per share price of $23.25 in cash, including debt of $8 million and cash of $41 million as of April 30, 2013. The agreement was unanimously approved by both the SHFL and Bally Boards of Directors and combines two gaming technology staples in …