Jarrod Epps’s social gaming enterprise BuddyBet received a major boost this week with $3 million in private investor funding. The Prague-based company, which is focused on sports betting distinguishes itself from traditional online gambling and gaming websites by allowing people to bet against other BuddyBet users instead of playing against the site itself, the publication …
Online gambling operator Panda Media is to use Betsoft Gaming slots on its sites Videoslots.com and the white label, Aussie-themed Emu Casino, the two companies announced Tuesday. Under the terms of the partnership, Panda Media will be launching BetSoft’s complete game library on the websites, along with the innovative new ToGo line of mobile slots. …
Nevada bill SB 418, which legalises betting on federal elections made it through the state Senate Tuesday on a 14-7 vote and is now on its way to the House. And in related news, bill AB 346, which seeks to permit syndicate, group or ‘entity’ wagering within the state on sports events was unanimously passed …
The debt-burdened Las Vegas land gambling giant Caesars Entertainment (which reportedly has debts exceeding $24 billion) is to spin off its successful online division, Caesars Interactive Entertainment, to a new and separate company titled Caesars Growth Partners, the Wall Street Journal reported Tuesday. The $2.3 billion new company, which will be helmed by CIE chief …
A deal agreed between GameAccount and Ainsworth Game Technology in November 2012 has come to fruition with the release of Ainsworth Game Technology’s Roaming Reels and Dragon Lines on Rank Interactive ‘s Meccabingo.com operation earlier this month. Rank Interactive’s Mecca and Grosvenor Casino are the first operators to launch Ainsworth’s land based titles with further …
Savvy investors in the UK online and land gambling company Paddy Power plc have become accustomed over the last few years to seeing analyst praise in the form of ‘outperform’ ratings, but this week prospects in the Italian online market caused an unexpected reversal. Davy Stockbrokers reluctantly downgraded Paddy Power to ‘underperform’, a move that …
Online punters appointed to beta test 3Dice Casino’s latest online slot from the Angle Gaming studios in Belgium report that the game has been titled Enchanted Spins, and includes a bonus round, expanding wizard wilds turbo-mode for the impatient and great music and sound effects. The launch date is not yet known.
The Pennsylvania online gambling legalisation bill HB1235 authored by Rep. Tina Davis which was referred to the Committee on Gaming Oversight this week was published on the Pennsylvanian legislature website this week. Pertinent points include: – The wording of the proposal seems to indicate that only existing category 3 slot machine licensees may apply to …
Argentinean game developer Globant has entered into partnership with Bally Technologies and will begin development of a range games and digital gaming products for Bally Technologies’ web and mobile platforms. “We are really proud to have been selected by Bally Technologies as their partner”, said Guibert Englebienne, Globant co-founder and Chief Technology Officer. “I’m confident …
Las Vegas-based gaming development studio Genesis Gaming has launched four new games this April. Three of the games will launch on the Quickfire Platform powered by Microgaming and the other on 888.com’s online casino. Royal Roller for the Quickfire platform is a 25-line, 5-reel video slot game with a Roulette Free Spin bonus feature. The …
Bodog Asia has appointed Izhar Biran to the position Marketing Operations Director. Biran has held a number of positions in the gambling industry that include Casino Manager at Pacific Sea Invests, Risk management consultant at Victor Chandler, Operations Manager at Paragon and Business Account Manager at Playtech. “Bodog Asia has been catching my eye for …
According to various press reports, Spanish gaming firm Codere is to cease operations in Argentina with the closure of fourteen bingo halls in Buenos Aires. The company, despite reporting strong revenue and operating profits from the region as well as receiving an extension to five of its licenses until 2017 reportedly has difficulty repatriating capital …
MGT Sports Inc, a wholly owned subsidiary of MGT Capital Investments has ventured into the online and mobile gaming and wagering industry with the acquisition of a controlling interest of 65 percent in FanTD LLC. FanTD LLC’s website fanthrowdown.com hosts an interactive offering where customers participate in free or real-money fantasy sports play. The company …
The debate around how much tax New Jersey will reap from legalised online gambling in the state continued this week with the publication New Jersey.com publishing comparative figures from a number of studies. The Christie administration’s projection – based on estimates by the traditionally conservative Wells Fargo analysts – is that online gambling will raise …
Online gambling group 888 Holdings plc issued its first quarter 2013 results and its interim management statement Tuesday, reporting another successful quarter and promising business prospects. Q1 2013 Key Performance Indicators to the three months ended 31 March 2013 were: * Group revenue reached a record US$103 million (Q1 2012: US$94 million), an increase of …
The news Monday that U.S. activist investment fund Third Point had been disqualified from the sale of Greek gambling monopoly OPAP means that only one bidder is left in the race…and the offer from that bidder is disappointingly low. Third Point fell out of contention when it was disqualified because it insisted on a right …
Steve Shillinger, one of the co-founders of pioneering sports betting company World Sports Exchange, which closed its doors this week due to financial problems was found dead from a gunshot wound Saturday, reports the information portal Gambling911. Apparently foul play is not suspected. Shillinger founded WSEX in partnership with Jay Cohen and Hayden Ware, 911 …
The New York investment company MGT Capital Investments put its corporate toe in the online gambling water this week, announcing that it is about to take a controlling interest in an established fantasy sports betting operation branded FanTD LLC. Commenting on the announcement, Robert Ladd, MGT’s president and CEO, said that a subsidiary, MGT Sports, …
The Bulgarian Finance Ministry has named the new head of its State Gambling Commission to be Ivan Enicherov, who will succeed Kaloyan Krastev. Prior to the appointment Enicherov was a head of division within the Bulgarian Legal Department of the Ministry of Finance and was a member of the State Gambling Commission from 2004 to …
Emma Delta, a fund advised by Emma Delta Management Ltd which is beneficially owned by Czech investor Jiri Smejc (66,7 percent) and Greek shipping tycoon George Melisanidis (33,3 percent) is the last bidder left in the sale of a 33 percent shareholding in the Hellenic Football Prognostics Organisation S.A. (OPAP) as US. fund Third Point …
E-money network UKash has been honoured for the third consecutive year in the Queen’s Awards for Enterprise for its contribution to International Trade. The e-money transaction processor boasts a 65 percent year on year growth driven by an increase in acceptance of the format as a viable alternative to traditional banking and/or credit facilities. David …
The much anticipated Pennsylvania online gambling legalisation bill HB1235 authored by Rep. Tina Davis, has been launched in the State’s House at last, albeit substantially edited. If the Davis proposal makes it through the Pennsylvania Legislature and the governor’s desk, the Pennsylvania Gaming Control Board will be responsible for regulations and licensing. Davis’s originally expensive …
Irish online betting start-up Oddball.ie is confident on its prospects forecasting a market share of 10 percent of the Irish betting market by 2015. The company, founded by engineering and business studies graduate of Dublin City University Éanna Ó hIorua uses what it described as a unique “self correcting” maths algorithm to create a fluid …
The owners and operators of Foxwoods Resort Casino, the Mashantucket Pequot Tribal Nation (MPTN) has entered into a partnership agreement with GameAccount Network aimed at pursuing online gaming opportunities in the United States. The alliance will initially focus on play-for-fun online gaming opportunities in the US in anticipation of legislation being enacted allowing real-money wagering. …