Revenues may be up, but losses continued to mount at Montreal-based Amaya Gaming group, according to the company’s Q1-2013 results posted Tuesday. Amaya reported revenues for the quarter up a heady 496 percent to Cdn$38,053,247 (Q1-2012: Cdn$6.384,037) but a loss of Cdn$7,440,841 (Q1-2012: Cdn$532,402). EBITDA came in at Cdn$10,264,017 (Q1-2012: – Cdn$532,402). General and administrative …
This week’s International Conference on Gambling and Risk Taking in Las Vegas produced some interesting insights and opinion on the internet gambling issue as industry experts and lobbyists discussed why federal legalisation has so far failed to gain traction. The Las Vegas Review-Journal reports that one lobbyist blamed the lack of progress on industry ambivalence …
Starting this weekend, Singapore punters at the nation’s land casinos face new government-imposed restrictions on the number of times they can play during the month…and that could drive them to illegal online gambling venues, claim problem gambler bodies. The publication AsiaOne reports that the number of visits a Singapore patron can make to local land …
A lucky Stan James online casino player hit the Major Millions progressive jackpot at StanJames.com over the weekend, taking home GBP 413 490 on a small stake of GBP 3. An impressive return on investment in anyone’s terms. The London-based player identified only as Cliff was elated after his big win in the early hours …
One of the two contenders in the running to win the right to offer tote betting on horse races in Greece comprises a consortium of French operator Pari Mutuel Urbain (PMU) and South African tote firm Phumelela Gaming & Leisure. The board of directors of the Hellenic Republic Asset Development Fund announced last week the …
The respected 32Red gaming outfit outperformed 15 other well-known gaming operators in the inaugural customer service quality audit performed by etruvian consulting. The audit released by etruvian today (Tuesday) assessed each operator on seven key categories: accessibility, response time, product knowledge, personalisation, friendliness and going that extra mile using a mystery shopper methodology at 16 …
The Remote Gambling Association (RGA) and the European Gaming and Betting Association (EGBA) filed a joint complaint today (Tuesday) with the European Commission regarding restriction of the online gambling market in Greece. The complaint addresses how the regulations recently notified by the Greek State fail to comply with EU law: – Allow for the introduction …
bwin.party digital entertainment plc (bwin) has said it is in the final stages of discussions with Spanish professional football club Real Madrid in an extension of their long-standing relationship which will see the two become official digital partners in a new multi-year deal. The new digital partnership will follow the end of bwin’s six-year shirt …
Italian operator Gamenet Italy has signed up for the Inspired Gaming Group’s virtual sports for the Italian market. Under the terms of the deal Gamenet customers will be able to bet on Inspired virtual events using Gamenet’s own online platform at Gamenet.com as well at through over 100 retail betting shops in Italy. Virtual sports …
The Hungarian National Lottery Szerencsejáték Zrt has launched its long-awaited online sports betting website at tippmixpro.hu following a five-month testing period. The website due for launch around the middle of last year was developed by GTECH G2 who reportedly failed to meet the delivery deadline and was subsequently charged HUF 106 million ($473,284) in penalties …
Online gambling group The Weather Lottery (TWL) surfaced in a business press statement Thursday, announcing the acquisition of Poseve Ltd for GBP 350,000 in an all-shares deal, and naming Phil Jackson – chairman of the controversial Media Corp plc internet gambling group, as its CEO. The price tag for Poseve will be satisfied by the …
The long-running proposal in bill C290 pressing for changes to Canadian sports betting sailed through the House of Commons over a year ago but remains stubbornly bogged down in the Senate by upper house procrastination and long-winded opposition. Fearing that the continued delays may eventually kill off the single-game sports betting bill by the time …
Californian sports betting fans will be disappointed to hear that a proposal to legalise intrastate sports betting after years of PASPA constraints was killed off Thursday when Sen. Rod Wright’s SB 1390 bill failed to make it out of the state legislature’s Senate Appropriations Committee. It was the second failure for the bill, which last …
The land and online gambling supply company Novomatic has bought Dutch companies JVH Exploitatie and JVH Gaming Products through its Austrian Gaming Industries subsidiary. A company spokesman said that JVH products will now form part of the product portfolio of Novomatic in the neighbouring German AWP market, in which Novomatic has a major share through …
From a company struggling with losses back in 2010, the UK interactive television betting company NetPlayTV has come a long way, reporting at today’s (Tuesday) agm a solid 2012 set of results. Chairman Clive Jones said: “Following NetPlayTV’s record results for the financial year ended 31 December 2012 and strong Q1 trading update, the company …
It looks as if it’s been a marvellously rewarding weekend for two Net Entertainment progressive slot players; unconfirmed reports are that one player scored Euro 5.3 million on a Euro 5 spin on Mega Fortune at Bet Victor, whilst another collected Euro 3.3 million on Arabian Nights at either Betsson or Casino Euro. There were …
Gala Coral Group released its results for the 12 weeks ended April 13, 2013 presenting what it terms as “satisfactory” progress. The Group’s Coral Retail division performed well as opposed to Gala Retail which suffered from poor weather and the broader consumer environment over the second quarter, a company statement said. Italian retail and online …
As the industry chews over the latest limits proposed by the Australian Government on live-odds during TV sports, Communications Minister Stephen Conroy has come out saying the industry cannot afford to lose the estimated A$40 million per annum ad spend from betting companies as the debate over a total advertising ban continues. Federal Parliament gambling …
Australian marketing publication mUmBRELLA reports the redundancy of Sportingbet’s Group Marketing and Sales position under the leadership of Director Richard Howarth following the group’s acquisition by William Hill. Sportingbet Group Australia chief executive officer Michael Sullivan said Howarth had been an “invaluable member” of the Group during which time he and his team faced and …
The Dutch Gaming Authority has reached agreement with social network Facebook in a bid to end unlicenced gambling operators advertising their services to Dutch users. The Kansspelautoriteit said Facebook has agreed to comply with Dutch Law which states that the promotion of illegal gambling is not permissable and that it will block advertisers reported to …
Hard on the heels of the news that Australian broadcasting networks have accepted a government ultimatum to restrain the display of betting odds during televised sports events , the major betting group Tabcorp has come out in support of tighter controls. Tabcorp claims it has a 44 percent market share in the Australian betting market. …
Betting on the ponies over the Internet could soon be legal again in Illinois after lawmakers resuscitated a law that expired six months ago permitting the pastime. The Illinois House voted 90-18 Sunday to renew electronic wagering through the end of 2013; the bill – SB1884 – now moves to the Senate, where insiders expect …
The controversy over television displays of betting odds during sports event coverage in Australia appears to have been settled by a networks agreement following pressure from the federal government. The Australian Broadcasting Corporation reports that television networks have agreed to implement the government’s proposed new restrictions after Prime Minister Julia Gillard threatened to legislate a …
Eight foreign nationals – mostly Malaysians – will shortly be on their way home as deportees following a police raid Friday on a Manila, Philippines condominium which broke up an online gambling ring. The eight men were detained and handed over to the Bureau of Immigration after they were arrested by agents of the National …