Business services and accountancy firm Ernst & Young is being sued by financial betting company Worldspreads for alleged negligence over its auditing services, reports the Irish newspaper The Independent. The betting company was at the centre of a major financial scandal which resulted in its activities being suspended late last year . WorldSpreads claims it …
The Bahamas Minister of Tourism Obie Wilchcombe is quoted by the Nassau Guardian as saying that a new remote gambling bill is likely to be tabled in The Bahamas House of Assembly this week. The draft bill is a controversial one that targets the tourist industry and lifts a ban that disallowed work permit holders …
Online gambling firm Betsson AB delivered a mixed bag of first quarter 2013 results impacted by, amongst other factors, lower activity following a record pooled jackpot hit at a competitor website and an increase in marketing spend for newly acquired NGG. Key performance indicators include: – Revenues amounting to SEK 638.7 million (Q1/2012: SEK 536.1 …
Reporting a 22.5 percent decline in first quarter revenues, Dover Downs Gaming & Entertainment Inc (DDGE) said it continues looking ahead and moving forward on the iGaming front. Denis McGlynn, DDGE’s President and Chief Executive Officer, said “The size of this new market and what it will mean to us financially remains to be seen, …
Austrian state-owned gaming operator Casinos Austria and the Austria Lotteries Group reported a historical all-time high in its 2012 annual consolidated turnover and its second-highest net profit achieved despite its loss-making international subsidiary. Key performance indicators included: – A group net profit of Euro 42.68 million, the second highest income in company history. – Consolidated …
Swedish state-controlled gaming operator Svenska Spel delivered its first quarter results for the January 1, to March 31, 2013 period this week, showing a disappointing decline in its online division attributed to customers playing on unlicenced foreign operations. Key performance indicators include: • Net gaming revenue for the group rose to SEK 2,480 million (Q1/2012: …
The Aussie and land sports betting group Tabcorp released its third-quarter trading update Monday, reporting solid contributions from its digital division Luxbet operations. Digital turnover was up 13.4 percent in the March quarter on the previous corresponding period, in line with the wagering market’s shift to digital technology, driven by consumer preference for mobile transactions, …
William Hill has again joined the index of companies with the biggest shares by market capitalisation on the London Stock Exchange, the FTSE 100. The firm will replace Xstrata, who merged with Glencore PLC, in the FTSE 100 on May 1, 2013. William Hill was relegated from the FTSE 100 to the FTSE 250 in …
The joint venture between Plumbee and Unibet plc, Bonza Gaming, has augmented its Facebook Bonza Slots portfolio with the addition of Net Entertainment’s popular Mega Fortune slot game. The addition of Mega Fortune stems from a social gambling partnership deal signed back in February between the two companies .
Bid vehicle Emma Delta’s request for an extension to the deadline of its submission of an improved financial offer for the acquisition of the 33 percent stake in the Hellenic Football Prognostics Organisation S.A. (OPAP) has been accepted by the HRADF, the Greek privatisation body. Emma Delta has until Wednesday May, 1 2013 to submit …
Political opinion in Michigan is split on whether to accede to a request from the state lottery for $3 million in order to take sales and games online to increase revenues destined to support public schools in the state. According to Associated Press news agency reports, the lottery has identified the internet as a major …
The New York Post reported Friday that billionaire hedge fund manager Marc Lasry has turned down a US ambassadorial post in France due to his association with an allegedly Russian organised crime gambling ring busted by federal agents last week. Lasry manages the $12 billion hedge fund Avenue Capital, and is reportedly a friend of …
RAYOnline gambling software provider Playtech plc has announced that it has extended its gaming content partnership with Rahaautomaattiyhdistys (‘RAY’) – the state-owned Finnish Slot Machine Association – for a further two years. The two organisations originally started collaborating in a 2010 agreement . The deal includes both online casino and poker products, with RAY reporting …
Unity Technologies, provider of multi-platform engine and development tools, announced its second with a gaming company this week, signing up SHFL (formerly known as Shufflemaster) in a multi-year strategic partnership. Earlier this week Unity inked a similar deal with Bally Technologies Using the Unity engine, SHFL entertainment will expand its popular gaming entertainment content through …
The Vancouver online gaming development studios of Popcap and Quicklime are to be shuttered by parent Electronic Arts as part of its extensive program of reorganisation, according to a report in the Vancouver Sun Thursday. An unknown number of employees will be laid-off at the two companies, with one insider telling the newspaper that at …
BGO online casino’s already impressive gaming inventory from IGT, Sheriff Gaming and Microgaming, which also provides live dealer action, has been further boosted following an agreement to take on Net Entertainment games as well. The agreement brings another 300 games into the inventory, widening even further the choice available to online punters. BGO co-founder Alex …
International Game Technology has posted its Q2-2013 results, showing impressive gains in interactive operations, mainly through the company’s social gaming investment in DoubleDown Casino. The company reported general revenues up by 11 percent to $600 million, with North American sales comprising 25 percent of the total. Adjusted earnings per share soared 33 percent to $0.36, …
After seven years in the online casino and poker sector Tower Gaming announced Thursday that it is calling it a day. No reasons were given for the decision, but the company disclosed that it had been purchased by Cake Poker and Jetbull Sportsbook. Players were advised that their accounts had been moved across to the …
After just 16 months as director general of Spain’s online gambling directorate DGOJ, Enrique Alejo (54) is departing to take up a post as CEO at Spanish television company RTVE, widespread reportage in the Spanish entertainment media has disclosed. Alejo, who has extensive senior management experience – mainly with State organisations – was sponsored for …
Difficulty in reaching a consensus on land gambling expansion with the Illinois Thoroughbred Horsemen’s Association has resulted in state legislators stripping an internet gambling legalisation provision from SB1739 in order to secure agreement. It is not the first time that politicians in the state have initiated online gambling legalisation proposals, but all have fallen by …
Online gambling software developer Playtech plc reports that in the first quarter of this year it can boast strong performance metrics in almost every sector in which it is involved. In an interim management statement covering the three molnth to end March 2013, the group highlighted: * Gross income up 16 percent to Euro 102.5 …
A press release from the Microgaming-powered online casino Golden Riviera Wednesday gave online players a heads up on what to expect in the way of new game releases next (May) month. The casino advised that it would be launching six new games on May 8 2013, including: Two slot games that will be available on …
Executives from the Borgata land casino in Atlantic City and its parent group, Boyd Gaming, told reporters Wednesday that they are keen to enter the legalised online gambling market in New Jersey once regulations have been finalised and preparations are completed. The publication Press of Atlantic City reports that the executives believe the new business …
The California sweeps against internet cafe ‘sweepstakes’ gambling continued Wednesday afternoon when Stockton police, assisted by agents from the State Department of Justice Gambling Division, conducted two raids, seizing computers and documentary evidence. During the first raid, agents and detectives arrested a self-admitted gang member for two outstanding felony warrants, and seized 37 computers, along …