Schleswig Holstein’s ruling coalition government was playing its cards cautiously this week as parliament started the legislative process designed to end in the repeal of the German province’s liberal online gambling licensing law . However, the expected moratorium on the issue of new licenses, and the even more contentious possibility of suspending those already issued, …
Playtech plc has posted its Q2 2012 Key Performance Indicators and trading update for the three months ended June 30 2012, reporting: Financial highlights: * Gross income up 82 percent to Euro 88.1 million, (Q2/11: Euro 48.4 million) and flat on Q1/12 * Total revenues up 99 percent to Euro 78.6 million, (Q2/11: Euro 39.6 …
Greece’s largely state-owned land and online gambling group, OPAP offered little cheer for investors in its first half 2012 results posted this week, reporting declines in revenue, net profit and EBITDA. Revenues declined 6.2 percent to Euro 2,054 million, net profit slipped 5.7 percent to Euro 258 million and EBITDA dipped 6.4 percent to Euro …
London Capital Group and KAX Media have announced a collaboration for a new financial spread betting service called CitySpreads to be located at CitySpreads.co.uk. The collaboration will see LCG bring its spread betting technology together with KAX Media’s online advertising and marketing expertise. The site, to be launched in October this year, will benefit from …
Betfred’s face-off with Brit granny Linda Aldred is over; after consulting with IBAS the gambling group has agreed to pay the gambling granny her GBP 1000 in winnings, saying it was the “right thing to do.” Betfred faced a press and social media storm earlier this week when it voided a GBP 5 bet placed …
Stanleybet Holdings has returned to profit, reporting that its full-year 2011 pre-tax profit reached GBP 10 million – a significant improvement over 2010’s loss of GBP 822,000. The improvement was achieved despite turnover declining to GBP 385 million (2010: GBP 430 million). Chief executive David Purvis was upbeat about transformation and internet gaming, noting that …
Losing out on pokie machine revenues in 2012-2013 should not unduly slow down Aussie gambling group Tatts, which has posted its annual results to June 30 2012, with a notable 16 percent rise in net profit to A$319.1 million. The rise is attributed mainly to strong performances from a growing lottery business (up 15.8 percent …
Internet gambling continues to attract attention from tribal gambling groups across the United States, and particularly in California, where an online poker legalisation measure will run out of time at committee stage when the legislative session ends on August 31, plagued by tribal and commercial divisions. This week the National Indian Gaming Association hosted a …
The Australian gambling giant Tabcorp called in A$686.8 million it alleges is due from the Victorian provincial government in terms of a 1994 agreement Friday, filing court papers with the Supreme Court of Victoria. The gambling group claims the state has an obligation to it that dates back to 1994 when Tabcorp came into existence …
The $500 million dollar deal that saw IGT take over Double Down Interactive earlier this year brought with it a serious return on investment for Seattle angel investor Ron Erickson, reports the publication Xconomy. “The Double Down saga was one of those fascinating hit-it-big entrepreneur tales,” the publication observes in its interview with Erickson, a …
The Live Roulette.co.uk website in the UK has completed a study of its player statistics that has thrown up some interesting details on how women and men differ in gambling styles and success. The study covered a player base of 10,000 punters spread over two websites, reports Michael Charalambous, a director of Right Casino Media. …
With parliamentarians returning from the summer recess, the coalition government in Schleswig-Holstein is set to commence legislative procedures this week that could culminate in the repeal of the German state’s liberal online gambling regulatory regime, allowing S-H to return to the repressive German Treaty, which prohibits online poker and casino action. Three draft bills are …
The UK gambling group Sportech plc has posted its interim results for the six months ended 30 June 2012, showing the following financial highlights: * Revenue marginally increased to GBP 57.7 million (2011: GBP 57.4 million) * EBITDA up at GBP 12.6 million (2011: GBP 12.4 million) * Adjusted profit before tax of GBP 7.4 …
Bulldog777 Casino has just added a selection of new games from CTXM to its already impressive line-up of Microgaming no-download offerings. The new instant-play games offer tournament technology as well as a range of fresh casino games like World Cup Soccer Spins, Freaky Fruits, Summer Dream, Spin the World, Olympic Slots and Run Chicken Run. …
British Olympic gymnast Sam Oldham and his team took down a bronze medal at London 2012, to the delight of his grandmother Linda Aldred, who had placed a GBP 5 bet at 200 to 1 with Betfred that he would win a medal. However, her delight changed to dismay when Betfred refused to pay out …
New Jersey’s Golden Nugget Casino is in the midst of a wave of high profile mainstream media coverage as it attempts to recover from players $1.5 million that it claims was illegally won due to unshuffled cards. But the negative publicity and reputational damage may outweigh any potential monetary gain from the case, and there …
The UK national lottery operator Camelot will be licking its wounds today after losing its High Court attempt to shut down competitor Health Lottery, a rival started by media entrepreneur Richard Desmond. Certainly Camelot did not appear happy with the decision, saying it would launch an appeal, and calling on the British government to close …
Fulham Football Club has announced that Worldlink Sport, the sport and gaming division of Worldlink Group, will serve as the club’s official betting and gaming partner for the next three years. The agreement, which began with Fulham FC’s first match of the 2012/13 Premier League season, will see Worldlink provide dedicated desktop and mobile applications …
The latest television show concept uses high tech computer and green screen presentation technology to create action backdrops against which viewers can bet on some bizarre outcomes for the on-screen characters. The publication Wired.com reports that the opening scene of the new US series The Gamblers has narrators making smart comments and urging viewers to …
New Jersey residents – especially males – remain in favour of legalised sports betting in the state, according to the latest Public Mind survey by the Fairleigh Dickinson University. New Jersey legislators approved legalised sports betting in the state earlier this year, even if it means a challenge to the restrictive federal Professional and Amateur …
British online punters will have the fastest internet in Europe if the British Culture Secretary, Jeremy Hunt, has his way. Addressing a meeting at Silicon Roundabout, the area around Old Street on the fringes of the City of London where many technology firms and startups are based, the politician revealed that his target was a …
The Australian media reported widely this week on a study conducted by the University of Tasmania late last year which found that 10 percent of youthful respondents had gambled before they turned 16 years of age. The study, titled “Weighing up the Odds”, was conducted by Christine Gardner and John Williamson at the Faculty of …
IGT social gaming casino DoubleDown’s free-to-play app will be available soon for players on Jacobs Entertainment Inc. websites in Colorado and Nevada, the group announced Monday. The application will be hosted on the websites of five Jacobs Entertainment Inc. venues. DoubleDown Casino enables Jacobs Entertainment Inc. to provide its players with casino style game play …
The Altrincham, UK direct marketing agency ‘if’ has been awarded online and land gambling group Paddy Power’s contract for the promotion of its new text betting service. The ‘if’ team was briefed to raise awareness of the new offering to both existing and new target customers, with the core message being ‘speed and ease’ as …