Cantor Ventures, the venture capital and enterprise development arm of Cantor Fitzgerald, has invested a hefty $25 million in TopLine Game Labs, a Los Angeles-based start-up developer of a fantasy sports and social gaming platform. Cantor will help the company grow the team, launch new products and applications, and develop the business, a spokesman revealed …
CBC News reports that the Atlantic Lotto is pulling the plug on its GeoSweep online game, having sunk Cdn$8.7 million for a stake in Geonomics, formerly known as Roboreus, the U.K. firm behind the online lottery. “We’ve made the decision to remove the GeoSweep game from the market today,” Patrick Daigle, chief financial officer with …
Political observers who speculated that politicians in the Canadian Senate would see off a sports betting bill by stalling it until the body adjourned for the summer recess may have been right – this week the Senate rose without progressing Bill C-290, which sought to permit single game sports betting in Canada. The bill has …
For the second time this month, the US state of Kentucky has announced an Internet gaming-related settlement, this time recovering $15 million from the European giant Bwin.Party Digital Entertainment in respect of online gambling losses incurred by Kentucky residents. Gov. Steve Beshear announced the settlement Friday in a statement that revealed the agreement has its …
Two online gambling rings in the Pudong New Area and Jing’an District of China have been broken up by police actions that included the arrest of 99 people, reports the Shanghai Daily newspaper. Shanghai police spokesmen said that the criminal enterprises involved more than 180 million yuan (US$29.31 million), and revealed that a total of …
The Dutch prosecution on money laundering and other allegations of the Gregoire brothers and Stijn Flapper, which made headlines in the Dutch media recently saw a sequel this week, when Sheriff Gaming confirmed that its parent Bubble Group BV, which had been named in early media coverage, is no longer a suspect in the case. …
US casino games provider Bally Technologies continued its penetration of the European online gambling market Friday with the announcement of a deal with retail and online gambling group Paddy Power. The agreement will see Bally online slot games becoming available on the Ireland-based Paddy Power web and mobile sites. Bally Interactive general manager Michael Probert …
The question of whether progressive jackpots should be paid in a single tranche or over time in instalments resurfaced this week with the news that the influential Casinomeister information portal has added 40 Playtech-powered sites which insist on payment by instalments to its “not recommended” list. The Casinomeister move reawakened outraged memories of a player …
The online casino operator and marketing firm SkillOnNet Limited has launched a new slot from NextGen Gaming titled Voodoo Dollars, which will be available at EUCasino.com along with a slew of third-party brands like CasinoRedKings.com, MegaCasino.dk, LunaCasino.com and PlayMillion.com, SkillOnNet said in a statement that the 25-payline game is themed around magic and features Wild …
Another gambling-themed movie will soon start filming in the United States following the signing for the “Mississippi Grind” project of Green Lantern star Ryan Reynolds. Ryan is set to appear alongside The Dark Knight Rises actor Ben Mendelsohn in the film, which is all about a gambling addict who is in debt and teams up …
Paddy Power’s Australian subsidiary Sportsbet has acceded to the threats from the Victorian provincial government and painted over its amusing but rather rude Wallabies vs. Lions advert. Sportsbet said it will cost A$20,000 to paint over the 170m x 90m “Rooting for the Wallabies” advert, painted onto a field on the approaches to Melbourne airport …
Online gambling software provider GTechG2’s corporate restructuring has resulted in the resignation after an almost uninterrupted run of 18 years’ service of William Scott, the group’s vice president for interactive business development and strategy. Scott was part of the team that organised the acquisition of the various internet gaming businesses by GTech, and prior to …
The European Gaming and Betting Association, trade body representing most of Europe’s major online betting companies, has issued a statement that takes a pessimistic view of the restricted market opening for sports betting in Germany, commenting that one year on, the development has still to get off the ground. “This confirms the concerns of Europe’s …
The privatisation and sale of Greek’s partly state-owned gambling monopoly OPAP is threatened by conflicting interests between opposing business groups, the head of the country’s privatisation agency said on Thursday, claiming that this could deliver a fatal blow to the country’s asset sale program under its international financial bailout obligations. The Greek government agreed last …
Swedish investment company Mr Green & Co AB, which owns the growing Malta-based online casino Mr Green, has announced that it has secured a public listing on Sweden’s AktieTorget exchange. The company claims that since its launch in 2008, Mr Green has posted annual growth in excess of 70 percent and a game win for …
Las Vegas Sands land gambling mogul Sheldon Adelson (80), who has already angered the internet gambling community with his attacks in the Forbes and Bloomberg publications, widened his assault Thursday with the launch of an anti-online gambling website and a Youtube video. StopInternetGambling.com features a provocative introduction that reads: “Click your mouse and lose your …
The French online gambling regulator ARJEL (L’Autorité de Régulation des Jeux en Ligne) is showing increasing interest in the marketing behaviour of licensees, and has announced a collaborative partnership with the its counterpart in the French advertising industry, l’Autorité de Régulation Professionnelle de la Publicité (ARPP). The agreement covers the exchange of information with a …
GTech launched a new iLottery service Wednesday, a centralised iLottery content library branded “Game Market” and compiled from the company’s Lottery Developer Network. The Game Market showcases instant interactive games, allowing third-party content developers to create games for the iLottery space. “The Game Market is the next major building block in revolutionizing the way in …
Enforcing the no-sports-betting federal rules in New Jersey, state enforcement officials arrested and charged sixteen people in an operation against a Monmouth-based online sports betting enterprise this week. Officials seized over half a million dollars in cash and 12 vehicles after executing warrants across four New Jersey counties and in New York City in an …
Online gambling corporate GigaMedia Limited has announced that it is to enter the social casino games market following a closed beta test on a suite of new game titles in over 200 Internet cafes across Taiwan. The company has unveiled a new portfolio of proprietary social casino games that include slot, poker and dice offerings …
Andorra, a tiny principality in the Pyrenees between Spain and France and home to around 85,000 people, could be the next online gambling licensing jurisdiction following a government announcement that it plans to legalise both terrestrial and online gaming. Although detail is sparse at present, it appears that a draft bill is in progress that …
Online gambling software provider Playtech plc issued a pre-close trading update Thursday covering the three months ended June 30 2013. The company says that the second quarter is traditionally a quieter period, but that trading has continued in line with expectations and is slightly ahead of the 10 percent reported to the market on 25 …
Betfair investors will be less than pleased with the UK betting company’s FY 2013 results published Thursday, which show underlying revenues flat at GBP 387 million; EBITDA down 39 percent and a 27 percent decline in profits. The company rejected a GBP 1 billion takeover bid last month, with CEO Breon Corcoran saying that it …
Sheriff Gaming introduced two new 3D animated slot games; Monsters Party (part of the Mega Money Pool Progressive Jackpot) and the revamped version of the popular Crazy Jewelry slot titled Crazier Jewelry as well as another three animated scratch card games. Monsters Party features a colour cast of characters in this fun, cartoon-style 5-reel, 20-line …