Czech online and land betting company Fortuna Entertainment Group posted a 34.4 percent increase in EBITDA in the first quarter 2013 to Euro 11.3 million, with online operations making a substantial contribution. The steep increase was mainly due to strong growth in sports betting and a positive lottery EBITDA, the company said Tuesday. The reported …
The Oklahoman newspaper reported Monday that undercover FBI employees won and lost thousands of dollars in a covert investigation of Oklahoma gambling operations, federal records show. The agents used the tactic to build a case against online sports betting organisation Legendz Sports operating from Costa Rica, leading to the federal indictment of 34 people in …
The American Gaming Association, trade body for most of the major non-tribal US land gambling groups, published its annual assessment of the industry this week, noting that overall gambling revenues increased by nearly 5 percent in 2012 and jobs held roughly steady. Non-tribal casinos took in $37.3 billion, an increase of 4.8 percent over 2011 …
The latest developments in the failed attempt by Pokerstars parent The Rational Group to buy a New Jersey land casino created mainstream media headlines late Monday when the Isle of Man company was awarded a temporary restraining order stopping Atlantic Club owners Colony Capital LLC from entering into any acquisition deals on the casino for …
Financial problems are growing for the Dutch state-owned land gambling monopoly Holland Casino, reports the ANP news agency, noting that the gambling group posted a loss of Euro 652,000 last year and came under further pressure in the first three months of this year. The organisation, which may soon be privatised, according to various government …
The leader of Australia’s official Opposition, Tony Abbot, intends to more strictly regulate sports betting adverts if his party gets into power in the Australian elections this September. Speaking to ABC news at: http://www.abc.net.au/news/2013-05-05/tony-abbott-promises-gambling-crackdown/4670774, Abbot said that the broadcast of live betting odds during sports events was a particular bone of contention which his party …
Californian single mother-of-four Thuan Le was singled out by Fate for a 42 million-to-1 windfall in the state lottery this week, winning $14 million on a ticket she had not intended to buy. The California State Lottery reports that Le accidentally put $6 in an online self-service terminal at a local convenience store to buy …
Finnplay, the Finnish online gaming software provider, which specialises in affordable and customised gaming solutions, has inked an agreement with 3D online slots developer BetSoftGaming to distribute that company’s full range of games through the Finnplay i-gaming platform. “BetSoftGaming has some of the best 3D games available in the industry, which means our customers can …
The Sun Herald newspaper reports that the Victoria province in Australia is currently the setting for an interesting legal confrontation between Paddy Power subsidiary Sportsbet and a disgruntled local punter who claims that his opportunities to score have been unilaterally reduced by the operator. In litigation filed with the Victorian Civil and Administrative Tribunal, Robert …
Two US Congressmen are recruiting their political colleagues for a revived Congressional Gaming Caucus with a view to protecting the existing gambling industry’s interests and promoting the benefit it brings to the American economy, reports the publication Delaware Online. Bennie Thompson, a Democrat from Mississippi, and Joe Heck, a Republican from Nevada have teamed up …
By investing Euro 30,000 and hospitality expenses, the Irish online social networking and betting company Bragbet has generated plenty of television and media publicity for itself this week. The company sponsored a race at the Punchestown Festival in Ireland and attracted punters, jockeys, owners and race officials to the fun ‘bucking bronco’ machine supervised by …
Online player GL has enjoyed a stunningly profitable week, taking down the Mega Moolah progressive jackpot at Microgaming-powered online Casino LaVida for Euro 3,036,392. More details on the player, his big win and his plans are currently awaited, but the translation of the Italian casino brand (“the good life”) has certainly taken on a new …
The Unibet online gambling group has posted another impressive set of quarterly results for Q1-2013, increasing gross win revenues by 16 percent year-on-year to GBP 59.3 million. Other key performance indicators included: * EBITDA up by 11.7 percent year-on-year to GBP 17.1 million * Operational profit rose some 7.7 percent to GBP 12.5 million. * …
The national lottery in Ireland saw internet sales soar 43 percent in 2012, but despite this strong online performance, revenue generated for good causes fell to Euro 225 million, reports the Irish Times. The support for charity and sports causes was the lowest in the past six years as overall ticket sales eased, the newspaper …
The lacklustre Q1-2013 from American land gambling giant Caesars Entertainment this week – company revenues sank a further 2.9 percent – formed the backdrop for one of the few bright spots in the report – improved performance from the group’s online division, Caesars Interactive Entertainment. Whilst the parent group revenues sank to $2.14 billion, CIE …
Geolocation services provider GeoComply, and payment processing outfit SecureTrading Inc. have joined together to support online gaming in Nevada. SecureTrading Inc. achieved Nevada licensing status as a service provider last month. It is partnering with a number of companies to integrate technology to its specialist payment platform, ultimately providing a single interface for maintaining regulatory …
The UK online gambling group Betfair has announced that it has been successful in defending its position on the Horserace Levy Board’s treatment of its customers following a Judicial Review action brought by rival William Hill plc. The High Court had previously ruled in favour of the position of Betfair as supported by the Levy …
The legendary exploits of daring motorcycle stunt rider Evel Knievel form the theme of a new internet slot now live on the Sky Vegas mobile and web portals. The game, produced by UK web and HTML5 mobile games developer Core Gaming and powered by a Blueprint Gaming slots engine, is set to catch the eye …
Vimal Patel, A 30-year-old accountant in Lewes, England, has been found guilty of stealing GBP 155,012 from the dental group where he worked, diverting the money from the company accounts to his own bank account to support an online gambling habit. The fraudulent activity took place between May 2011, soon after he joined the company, …
The British parent company of PokerStars says it still wants to buy an Atlantic City casino, even though a deal to obtain Atlantic Club fell through “time expired” on Wednesday. A company spokesman for The Rational Group told the Associated Press news agency late Thursday that the company wants to salvage its deal to purchase …
The Malta-based online gambling software developer World Match has followed its successful launch last month of the B-Boys Street and Farm Adventures slots with a new HD slot titled Insect World. As the name suggests, the new game is based on a colourful theme that embraces spiders, scorpions, beetles and grasshoppers. This backs a slot …
Product liability lawyers in the United States are apparently licking their lips at the prospect of problem gambling business as various US states move towards legalised online gambling, reports the Reuters news agency. The agency notes that last month a group of lawyers and academics experienced in the liability field met to discuss the possibilities …
The US state of Delaware is moving quickly on its intrastate online gambling legalisation program, selecting WMS subsidiary Williams Interactive, 888 and Scientific Games as its suppliers only two months after publishing its Request for Proposals. The Eastern state is targeting an operational date of end 2013, and the joint bid by the experienced and …
The Montreal-based online gambling group Amaya Gaming and Aussie gambling content provider Aristocrat announced a deal Thursday that will see Aristocrat offering the Ongame poker network platform – an Amaya subsidiary – to Aristocrat’s U.S. customers through Aristocrat’s nLive online gaming platform. Ongame has added many features for recreational players tailored for the U.S. market, …