Gaming operator Betsson released its third quarter and interim report showing strong growth in the firm’s sportsbook but a drop in net income attributed in part to acquisition-related expenses. Key performance indicators for the third quarter include: – Revenues amounted to SEK 529.5 million (SEK 465.7 million), equivalent to an increase of 14 percent – …
The Alderney Gambling Control Commission (AGCC) has said in a statement that it notes reports on the charges of illegal gambling activity against individuals connected with the AGCC-licenced Pinnacle Sports and as such has begun a special investigation into Pinnacle Sports Europe Limited to “ensure that the licensee is operating in accordance with approved operating …
Mark Lipparelli’s replacement as chairman of the Nevada Gaming Control Board has been named by Governor Brian Sandoval as A.G. Burnett, a 43-year-old executive who has served as a board member for almost two years. Burnett was formerly the deputy chief of the corporate securities division and was senior deputy attorney general in the gaming …
The UK-based mega-jackpot supplier Topjack Games has extended its mega-jackpot concept to blackjack, announcing that its Lloyds-insured Euro 2 million jackpots are available on latest release Blackjack Millions. Topjack Games founder Nick Lynes says, “Blackjack Millions is the first blackjack game to offer a jackpot prize in the millions. The jackpot will start at Euro …
The arrests of 25 Americans across 5 different states on Wednesday on allegations associated with illegal sports betting were further detailed in widespread US media reports Thursday. It has been claimed that three men among those arrested, Brandt England of Las Vegas; George Molsbarger of Santa Monica, California; and Stanley Tomchin of Montecito, California have …
Online gambling is making regulation more difficult, luring children to gambling and introducing new types of problem gambling, a British academic told a problem gambling conference in America Thursday. Professor Mark Griffiths who heads gambling studies at Nottingham Trent University in the UK, has sounded warnings on internet gambling in previous interviews and presentations. Speaking …
Sheriff Gaming, the Netherlands-based online gambling software developer, has inked another 3D casino games supply agreement, this time with SBTech, a sports betting software provider of flexible turnkey solutions. SBTech’s portfolio already boasts more than 200 games, which will be augmented by Sheriff’s offerings, featuring movie quality graphics and animations, unique and engaging storylines, and …
A Grand Rapids, Michigan man who spent investors’ money on Internet gambling and personal expenses has been sentenced to four years in federal prison after being convicted of operating a $1.5 million Ponzi scheme. Jeffrey Curtis Folkert (42) was convicted and sentenced by U.S. District Judge Robert Jonker Wednesday, who in addition ordered that the …
The Swedish online gambling software and games developer Net Entertainment has released its Q3-2013 performance numbers to end September, noting the following highlights: Third quarter 2012 * Revenues for the third quarter increased by 9.9 percent to SEK 122.5 (111.4) million * Operating profit amounted to SEK 36.1 (34.0) million * Operating margin was 29.5 …
Maryland enforcement agencies appear to be lowering the boom on internet cafe sweepstake operators, with reports in the Baltimore Sun newspaper that county police in Towson had executed search warrants on 10 online gambling and sweepstakes businesses. A police spokesman said the raids, which were carried out in conjuction with Immigration and Customs Enforcement, Homeland …
Lighting up the US media Wednesday afternoon state-side were reports of enforcement actions originating in New York had resulted in the arrest of Cantor Gaming sports book director Mike Colbert (32) on a warrant by the Queens, New York, District Attorney’s office, alleging 8 counts of conspiracy, money laundering, and enterprise corruption. Colbert was taken …
Up in the Great White North, MP Joe Comartin’s proposed bill to legalise single-game betting in Canada appears to have encountered its first real potential opposition from Major League Baseball officials. Thus far private members Bill C-290 has enjoyed a remarkably easy if rather prolonged run through the parliamentary gauntlet of committees and readings. It …
The troubled San Francisco-based social gaming giant Zynga’s third quarter results released Wednesday turned out to be a little better than the market had expected, although hardly stellar. Nevertheless, the company’s shares experienced a much-needed up to 13 percent improvement as it outlined its plans for the future and presented financial statistics. At $316.637 million, …
Ever since Zynga CEO Mark Pincus’ statement earlier this year that his company intends entering the online gambling sector in the UK in 2013, industry observers have been waiting for the other shoe to drop…with which company would Zynga partner? The speculation ended Wednesday with Zynga’s Q3-2013 report, which included an announcement revealing that it …
WMS Industries’ operational website Jackpot Party Casino is set to launch another two new games to its portfolio this week. “Lancelot” is a five-reel, Camelot-themed slot that incorporates the well known characters and iconography of the time. A feature round is triggered by two symbols on consecutive reels, while landing Lancelot and Guinevere on all …
The regulatory auditing and testing agency eCOGRA is benefitting from commercial opportunities opening up for online gambling testing agencies with the expertise and resources to provide compliance and audit services to major international companies seeking national licensing. With the increasing number of governments opting for the regulation of internet gambling rather than banning this form …
The Dutch government, still bogged down by political wrangling on the road to online gambling legalisation is nevertheless persisting with its campaign asking online gambling companies to stop targeting Dutch residents…and a significant number of companies have apparently agree to cooperate. The publication Dutch News.nl reports that over 20 of the 40 online gambling firms …
Pervasive live data delivery over the web from Weswit will power bwin.party gaming platforms in an extended partnership announced this week. Weswit’s Lightstreamer technology will be progressively deployed in bwin.party Entertainment’s online poker, casino and bingo product verticals enabling the streaming of real-time gaming data and messaging across multiple channels and applications including HTML5, Android, …
The much debated and historically fraught UK Horserace Levy Scheme has been agreed between the Horserace Betting Levy Board (HBLB) and the Bookmakers’ Committee who estimate a yield from the April 2013 to March 2014 period of GBP 72.9 Million. The estimation includes a voluntary contribution to British Racing, through the Levy Board, from online …
Fast Fold poker firm InstaDeal will provide its poker service to newcomer Falconbet. The InstaDeal service is available as a traditional download application for Windows and Mac as well as an HTML5 based mobile application. Although very little information exists on FalconBet according to InstaDeal it is “run by a team with more than twenty …
Eindhoven-based game developer Sheriff Gaming has followed up the recent launch of its “Cars & Cash” game with “Bugs“, a 3D graphic-rich progressive slot game. The game revolves around a garden-hunting little girl who explores to find special bugs and prizes. Colourful butterflies hide points or multipliers, while a praying mantis puts the player in …
The vacancy created on the Nevada Gaming Control Board by the resignation recently of Mark Lipparelli is to be filled by Terry Johnson, the director of the Nevada Department of Business and Industry. Nevada governor Brian Sandoval announced the appointment Tuesday, revealing that the new board member will serve out the remaining two months of …
Beleaguered online social gaming giant Zynga’s misfortunes continued this week with a further fall in share price and the news, confirmed by CEO Mark Pincus, that the company has cut 5 percent of its workforce of around 2,850 people and closed offices in the UK and Japan. The Reuters news agency published a copy of …
The release of the European Commission’s action plan for regulating the online gambling market Tuesday carried with it some interesting statistics on European internet gambling. The Commission found that the online gambling industry has an annual growth rate of about 15 percent, with a Euro 13 billion turnover predicted for 2015. There are an estimated …