Betfair has responded to rumours that it is the focus of a takeover bid by CVC Capital Partners saying there can be no certainty that an offer will be made or as to the terms on which any offer might be made and is advising its shareholders to sit tight and not take any action …
Playtech announced Monday that William Hill plc is completing the exercise of its call option to acquire Playtech’s 29 percent stake in William Hill Online for GBP 423.75 million, delivering a cash-on-cash return of more than 3.5 times which excludes software royalties. The amount will be subject to a post-completion working capital adjustment and Playtech …
Reports on Sky News over the weekend that Betfair plc was being targeted in a takeover bid by CWC Capital Partners were confirmed Monday by CWC, which revealed that it is in talks about making a takeover offer for the betting exchange. CVC told the Reuters news service that it has held preliminary discussions with …
New technology company Facebanx has developed an innovative online facial recognition technology solution that will enable online gambling operators, banks, payment processors and ID verification companies to dramatically reduce fraud and ID theft, and provide a key weapon in their battle with fraudsters, claims a company spokesman. Facebanx works by users simply adding their face …
Affiliate Republik has announced that it has signed yet another software agreement for the provision of additional games for its Tropezia Palace online casino. The latest agreement is with Microgaming’s Quickfire division, which is to provide a range of games that includes top branded offerings such as Lara Croft: Tomb Raider, Thunderstruck and Hitman. Tropezia …
The NYX Gaming group has announced the acquisition of Las Vegas-based Zen Entertainment Inc., developers of poker software for the social gaming environment. A company spokesman said Monday that the acquisition of Zen expands the NYX Gaming Group business, augmenting a worldwide footprint that now includes Europe, North America and Australasia. “Zen’s competitive “play for …
Ladbrokes has released its interim management statement for the 3 months ended 31 March 2013, reporting that the land and online gambling group continues to progress its ‘reinvigoration strategy.’ Management report that the quarter has seen further improvements in pricing trading and liability management; continued evolution of its retail offer; the delivery of a new …
An agreement made at the ICE show earlier this year between PlayCherry Ltd and online games provider Yggdrasil Gaming was confirmed by the Cherry Group Monday, revealing that the initial agreement calls for the provision of 19 games. Cherry’s Maltese subsidiary PlayCherry Ltd is the first operator to sign an agreement with Yggdrasil, and Cherry …
The Hong Kong-based new sports media group VODone had signed a ‘strategic alliance’ agreement with Chinese Football Association Super League team “Liaoning Whowin”. The agreement will see the company becoming the main sponsor of Liaoning Whowin for the 2013 CSL season. “This marks our formal expansion into the CSL to become the first CSL club …
Following a roller coaster month of the Cyprus banking debacle, rocketing Bitcoin value, DDoS attacks and then a huge sell-off of the virtual currency, the principal Bitcoin exchange, Tokyo-based Mt. Gox, ceased trading Thursday. Immediately before the shutdown, the currency dropped over half its value only hours after it had peaked. Worth around a unit …
The Montreal-based internet gambling software development group Amaya Gaming, which includes Ongame, Cryptologic and Chartwell Technology among its subsidiaries, is to become lead sponsor for the annual Global iGaming Summit and Expo (GIGSE), which takes place on April 23-25, 2013, in San Francisco, California. Darcy Krogh, Amaya’s vice president of business development, said this week …
The Italian government is unlikely to make the same mistakes as that in France by over-taxing online gambling, it appears from statements this week by the new chief of regulator Amministrazione Autonoma Monopoli di Stato (AAMS). New incumbent Luigi Magistro gave the assurance that there are no plans to introduce additional taxes on internet gambling …
The major UK private equity group, CVC Capital Partners, is seriously considering making a bid to acquire online betting exchange Betfair, according to reports late Saturday on Sky News. The well-connected City editor of the television broadcaster, Mark Kleinman, cites insider sources on his report that CVC, which owns Formula One racing and has investments …
British administration manager Elizabeth Sutton (55) was sentenced to 20 months jail this week after she pleaded guilty to stealing some GBP 73,566 from her employer Camelot Automotive to fund an online bingo habit she sustained between December 1, 2009 and August 25, 2011. The theft placed the future of the company ‘in jeopardy’ and …
The South African National Gambling Board could find itself in court after confiscating a Johannesburg resident’s R40,000 in winnings from a UK betting website. The unnamed man has commenced legal proceedings against the Board after it withheld money he won through online gambling. NGB chief executive officer Baby Tyawa remains unapologetic, saying: “Any form of …
David Cordish, chief executive of the Cordish Companies group, which owns and operates land casinos in the state of Maryland, came out in support of online gambling legalisation on the New Jersey model in a television interview with Brittany Umar of “The Street” this week. The executive said that in his opinion legalisation in the …
A High Court judgment today confirmed the award of GBP 150 000 in damages to 32Red in respect of its trade mark action against members of the William Hill Group The damages inquiry ran for six-days before judgment was handed down. Another hearing will consider the recovery of 32Red’s significant legal costs, previously expensed.
The La Dirección General de Ordenación del Juego (DGOJ) said it issued resolutions approving the technical systems of 51 (unnamed) gaming operators this week. The resolutions translate to the formalisation of game licences granted in June 2012, which now become valid for ten years. Approvals were based on the certification reports of game systems operators …
Boss Media AB, as part of SPIELO G2, the iGaming division of SPIELO International has been selected, through a public tender process, by the Ontario Lottery and Gaming Corporation (OLG) to provide online casino table games and slots, a Player Account Management System, and Player Services. The five-year agreement, which includes a three-year and a …
Social gaming start-up Plumbee has launched its seventh Quickspin game on Facebook through its Mirrorball Slots vehicle. The pirate-themed Treasure Island contains the most features and bonus games of any Quickspin product to date revealed Quickspin vice president of products Mats Westerlund. “Treasure Island will be a valuable addition to a Mirrorball Slots product which …
The affiliate arm of the Tropezia Palace online casino, Affiliate REPULIK, said it has completed another two integration projects with software providers BetOnSoft and Rival Gaming. The announcement comes closely on the heels of the recent integration of Leander Games and Sheriff Gaming portfolio’s. A company statement said Tropezia Palace will be the first online …
Payment provider Skrill now has its own branded page for Skrill customers on 888games following a partnership deal signed between the two companies. The co-branded “play 888Games with Skrill” page features the full range of branded and in-house developed slot and casino games. Both companies expect favourable results and a long term partnership going forward, …
French operator Pari Mutuel Urbain (PMU) has exceeded its growth objectives in all sectors confirmed a report on its 2012 fiscal year performance released this week. Key performance highlights for the period ending December 31, 2012 include: – Net income of Euro 865 million. – 2.5 percent growth in activity to Euro 10.498 billion which …
US sports betting affiliates beware – the indications are that enforcement authorities are including marketing affiliates in their surveillance of illegal online sports betting activity. The publication CBS 42.com reported Thursday that the major Legendz sports betting bust which saw thirty-four individuals and 23 entities charged earlier this week included Gadsden, Albany-based affiliate marketer Gregory …