Christopher Moses, the 26-year-old business manager of a UK recruitment company was jailed for over three years this week after stealing a total of GBP 461,000 from his employers to feed an online gambling habit. Moses bet huge amounts on online casino and bookie websites, losing an average of GBP 20,000 a month, the Wolverhampton …
Spielo G2, the i-gaming and sports betting division of Spielo International, has announced that it has signed a long-term extension to continue supplying Swedish state-owned gambling monopoly Svenska Spel with its online poker product. The agreement, which is the result of a competitive procurement process, extends the partnership agreement for a further four years, with …
Omega Gaming Ltd. and Optimove have teamed up to provide online gaming operators with a combination of an online gaming platform and marketing campaign optimisation. The two companies are now offering their systems in an integrated fashion for fast and easy deployment by customers. Omega is providing platform fusion, player life-cycle management, multi-vendor integration, and …
Gambling revenue in Macau, the world’s biggest land gambling destination, rose 13.2 percent to 28.3 billion patacas ($3.54 billion) in April, according to government data. Full-year gambling revenue hit $38 billion last year.
But DCMS select committee warns government against too high a taxation rate The British government’s Department of Culture, Media and Sport select committee on the adoption of a “point-of-consumption” regulatory regime in the United Kingdom has submitted its report here: http://www.publications.parliament.uk/pa/cm201213/cmselect/cmcumeds/905/905.pdf The report supports the concept of point of consumption regulation, secondary licensing and taxation …
Originally thought to be a mere “agreement time-expired” glitch, the acquisition deal between Pokerstars parent The Rational Group and Atlantic City land casino Atlantic Club owners, Colony Capital LLC could be more serious than was at first thought. The agreement called for Rational to obtain an interim casino licence from the New Jersey regulators by …
The trial of two brothers accused of fraudulently obtaining a lottery ticket worth $5 million and then attempting to cash it six years later has ended in Syracuse, New York. 35-year-old Andy Ashkar was found by Onondaga County Court Judge Joseph Fahey to be guilty of being in possession of the stolen lottery ticket, but …
The Greek government’s privatisation agency agreed Wednesday to sell the state’s stake in the OPAP gambling monopoly to Emma Delta, the sole remaining bidder for the company, after the investment fund agreed to up its offer. Emma Delta improved its original offer by an additional Euro 30 million (payable in instalments) to Euro 652 million. …
GameAccount Network has reported record trading during its first quarter 2013 driven by new product launches in Italy’s regulated internet gaming market and mobile gaming in various European markets. The company said Italian online casino games grew by 170 percent in terms of gross gaming revenue while active players grew by 273 percent compared to …
OnlineCasino Deutschland GmbH has gone live, boasting to be the first of Schleswig-Holstein’s twenty-three licensed operators to offer a range of free-play and real-money games. Currently, players can choose from a selection of free play roulette, poker, blackjack, baccarat and real-money or free-play slot games. onlinecasino-deutschland.de offers full player services, a range of payment options, …
Under the Bed from Betsoft Gaming has been released to both BetSoft’s Slots3 portfolio and its ToGo mobile format. This graphic-rich monster adventure features Jessie and Jane who have been left home alone in the dark and is themed on what monsters lurk under the bed? The 5-reel, 30 payline game delivers sticky wilds, a …
Affiliate Republik casino brand Tropezia Palace has announced the successful integration of Microgaming’s Quickfire game portfolio onto its platform. Adnan Maslo, program director at Affiliate Republik said: “This is a great step for us as it allows us to move Tropezia Palace into the new markets that we have started to target. Besides having excellent …
UK bookmaker Ladbrokes opened its new digital marketing services operation, Ladbrokes Israel, Wednesday as it steps up its focus on accelerating the growth of its digital business. Ladbrokes Israel begins operating as part of the new agreement signed with Playtech on March 11, 2013 . It is a new, wholly owned, ecommerce and digital marketing …
Online and land gambling group Sportech plc has issued an update on its tussle over VAT with Her Majesty’s Revenue and Customs in the UK. Earlier this year the First-tier Tribunal’s Tax Chamber (“FTT”) found in favour of Sportech in respect of issues concerning the VAT treatment of its Spot the Ball game for the …
Growth in mobile betting and a decline in PC sales has prompted the major UK land and online gambling group William Hill plc to focus on boosting mobile activity and apps, according to a statement from affiliate marketer TradeDoubler Tuesday. The company has been given an exclusive mobile affiliate partnership tasked with driving punters to …
Media Corp plc, an AIM listed company which has ambitions in the online sports betting sector through its Intabet subsidiary and is the owner of the now defunct Purple Lounge online poker enterprise has had its shares suspended from trading. A stock exchange notification this week advised that trading in the company’s shares has been …
Elray Gaming consultants have been hired by Global Technology Investments Limited (GTI Ltd) in a 12 month contract to provide marketing and support for GTI’s online casino business. The agreed contract price is $250,000, with a provision to provide additional services as GTI expands its gaming portfolio. GTI is an online casino operator, which operates …
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, …