A legal dispute that started four years ago was finally decided in an Argentinian federal court this week when judges upheld the constitutionality of federal regulations that have created a gambling monopoly in the South American nation. That monopoly resides with the local group Loteria Nacional, making it the country’s sole legal operator and administrator …
Australia’s land and online bookie group Tabcorp has launched a new corporate identity for its New South Wales and Victorian wagering brands – TAB. The changes will see the NSW TAB and Victorian TAB logos aligned, with the only difference being the colour. The NSW logo will be on its traditional green background while Victoria …
The main shareholder in the publicly listed online gambling group Playtech plc, Israeli businessman Teddy Sagi, is on the IPO trail again, this time seeking a listing for another of his enterprises, oil exploration firm Genesis Energy (Israel) Limited. The Israeli business publication Globes reports that Sagi’s plan is to raise between $90 and 120 …
The respected Silicon Republic publication is currently carrying an infographic article highlighting the continued growth and development of the global online gambling industry despite tough economic times and – in some regions – determined attempts to knock the industry down through enforcement actions. Global revenue from online gambling is estimated to have been nearly US$30 …
The German online gambling group Jaxx posted its Q2-2012 results this week, showcasing a 20 percent rise in net gaming revenues to Euro 15.62 million, and EBITDA well up at Euro 6.95 in the quarter. Other highlights of the report included: * H1-2012 NGR reached Euro 33.93 million – up 21 percent year-on-year thanks mainly …
When the South Point Poker and Monarch Casino applications for internet poker licenses come before the Nevada Gaming Commission for final approval on August 23 they will face additional regulatory requirements which are mainly centred on organisational and integrity imperatives. Both companies were recently advised of the new requirements. The Commission will consider the need …
Global Gaming Network, Inc., a Los Angeles-based developer and aggregator of digital entertainment and sports information for online and mobile platforms, has announced the acquisition for an undisclosed consideration of fantasy sports operator AmpedFantasy. AmpedFantasy is an online sports business which allows users to legally wager on players that participate in domestic and international sporting …
The arrest of four executives managing a software development company in Haltom, Texas could indicate a change of tactics by enforcement authorities trying to stamp out online sweepstakes style gambling in internet cafes. It may presage a new targeting approach that widens the scope for possible prosecutions to software providers as well as internet cafe …
Among the slew of UK football sponsorships announced by various clubs this week was an interesting Asian market deal that will see the AsianLogic subsidiary Dafabet enter sports betting partnerships with Everton FC and West Bromwich Albion FC. Dimitris Kartzas, who directs internet gaming activity at AsianLogic, noted: “For some time now, we have been …
Online betting and sports betting service Blue Square Bet has inked a nine month, six-figure agreement with Absolute Radio that features the popular 3-hour mid-morning Saturday show presented by Mark Crossley. The partnership will last for the duration of the 2012/2013 football season, with the focus on pre-game betting and the opportunity to discuss live …
What to do when a large alien plant crashes into your farmland? The answer is found in Betsoft’s latest 3D slot, the amusing It Came From Venus, which shows how Skeeter, a financially beleaguered farmer, deals with the extra-terrestrial event and the follow up by the authorities. This five reel, thirty line game comes with …
The Tottenham Hotspur Football Club announced Friday that Fun88, an Asian online gambling company, is to become the club’s official Asian Betting and Gaming Partner. The two year agreement, which begins immediately, will see the two organisations work together to engage with Asian sports fans through a range of online and offline activities which will …
For reasons that are not yet entirely clear, a California House of Assembly committee has killed a proposed bill seeking to legalise sports betting in the Golden State. SB1390 appeared to ensure that California would be joining a growing number of US states restive at being excluded from the four-state roster of those permitted under …
The 2 percent rise in Finnish taxation has neutralised an otherwise solid H1-2012 performance from Raha-automaattiyhdistys (Finland’s monopolistic Slot Machine Association), which is more generally known as RAY. The company reported: * Revenues up 6.1 percent to Euro 377.7 million * Tax paid Euro 45.2 million * Profit down 0.6 percent year-on-year to Euro 198.9 …
The latest Rank plc results to end June 2012 show that the interactive division of the company has again made an important contribution to the overall performance of the UK land and online gambling group in its 75th year. Rank Interactive increased revenue during the 12-month period by 20.8 percent to GBP 77.7 million, with …
SNAI, a major company in the Italian online gambling market, has posted mediocre H1-2012 numbers, reporting that revenues in the first half of 2012 declined almost 7.5 percent to Euro 284.8 million, and attributing the lacklustre performance to uncertainties in the Italian sports betting sector. Racing bets were down a worrying 33 percent, impacted adversely …
Betfred.com (listed here on the site as Betfred Casino) announced a sponsorship deal Thursday that sees the online gambling company become the official UK betting partner of Tottenham Hotspur. The three year agreement includes exclusive UK branding rights across Tottenham’s online, digital, mobile and social media platforms. Rakesh Chablani, Betfred.com commercial director, said: “Tottenham Hotspur …
UK football clubs Everton and Manchester United have entered into sponsorship deals with online gambling companies Paddy Power and Bwin.Party, The Drum publication reported Wednesday. Bwin.Party’s agreement with Manchester United is to run for three years, lifting the betting companies profile in the European and global market. Richard Arnold, Manchester United’s commercial director, said: “Bwin …
Forbes Magazine is carrying a photo article that identifies 11 US billionaires whom it claims have more than a passing interest in legalised internet gambling. Land gambling and property mogul Donald Trump and hedge fund billionaire Marc Lasry head the list with their previously announced intention to form a joint venture once American legalisation has …
The UK land and online gambling group Gala Coral has posted a sterling set of results for its third quarter ending June 30 2012, showing: * Turnover up 9 percent year-on-year to GBP 275.2 million * EBITDA up 14 percent to GBP 7.9 million * Statutory gross profit of GBP 215.4 million – up 11 …
The publicly listed online and land gambling groups Unibet and Rank are teaming up to launch online casino and poker action in the regulated Belgian market, Unibet management revealed as part of the company’s Q2-2012 financial reportage this week. The joint enterprise is scheduled for launch in the third quarter of 2012, once licensing from …
Prima Networks Spain plc, powered by Microgaming, has announced that win2day.be, part of the Casinos Austria International gambling group, has launched into the Belgian market with Prima Networks. The operator is offering Prima Networks’ online casino games software, with a range of Microgaming products being rolled out throughout the summer – including Belgium’s first officially …
Cantor Gaming is leveraging carve-outs in US legislation for fantasy football by offering an online product of its own. The American company is already well established as a provider of on-premises online betting facilities at US casinos, and operates a number of major Nevada sportsbooks. Both mobile and internet delivery is clearly in the company’s …
Social gaming giant Zynga’s ambitions for real money internet gambling are well-known, and further evidence became available recently when the company started lobbying on the topic in Washington DC. The Wall Street Journal reports that Zynga invested in state and federal lobbying efforts around gambling with real money in Washington, D.C., and California as the …