Betclic Everest Group’s (BEG) poor results have contributed to 50 percent shareholder Societe Des Bains De Mer’s (SBM) worst performance in fifteen years, reported the Group. The deterioration in BEG’s performance, which has contributed a loss of Euro 33.1 million to SBM’s first half of its current financial year results, has been attributed to a …
E-gaming applications and licencing exceeded the Alderney Gambling Control Commission’s expectations this year following a relatively quiet start to the 2011 period. Robin Le Prevost, Alderney’s director of e-commerce attributes the growth to established operators migrating to Alderney because of the attractiveness of its positioning, the soft tax environment and no risk of exposure to …
The on-again off-again sale of the Tasmanian TOTE has ended with the State of Tasmania entering into a binding agreement to sell the entity to Tattsbet Limited. TattsBet Limited will pay an upfront consideration of A$ 118.4 million and the potential for a further A$ 15.4 million derived from a GST cash refund owed to …
A trading update released by online gaming firm Elray Gaming Inc reveals that the company is undergoing a strategic review that will see it acquire, develop, support and market software to the gaming industry. Elray intends entering newly legislated jurisdictions worldwide offering its services to land based casinos, state lotteries and third party online gaming …
The Irish spread betting firm Delta Index, founded in 2001 by Conor O’Neill and Michael O’Shea, has been sold for an undisclosed amount to UK spread betting firm Gekko Global Markets (GGM). It is understood that GGM will gain some 4,000 accounts from the deal, and these will now be regulated by the UK Financial …
New Jersey senator Ray Lesniak has wasted no time in revitalising the legalisation of intrastate sports betting in New Jersey following the overwhelmingly positive vote for the concept in the November 8 residents’ ballot. He has re-introduced a sports betting bill to the state Senate, where the Government, Wagering, Tourism and Historic Preservation Committee voted …
Momentum is growing in the US Congress for more restrictions on politicians who profit from the use of “non-public information” by way of investment deals and lucrative appointments, with over 100 Congressmen and women signing up for S. 1903, the Stop Trading on Congressional Knowledge Act (STOCK). The move has found favour on Popvox, with …
British bookie group Betfred launched kits latest television advertising campaign in the UK last night with a Goals Galore push that featured Helen Chamberlain, the controversial Soccer AM star who is to be the new face of Betfred’s football betting in the group’s 1350 shops, online and on mobile. The advert, which was filmed kin …
Recent attempts by the Singapore government to limit the impact of gambling on locals by imposing stricter controls on land casino advertising and marketing have come in for criticism from industry veterans, who claim that the tighter controls are not being fairly applied. They point to the aggressive marketing of the Singapore Pools, which is …
Gambling revenue in Macau rose 33 percent in November from a year earlier, government statistics released Thursday showed, as visitors from mainland China continued to drive growth. Macau’s monthly gaming revenue reached 23.05 billion patacas US$ 2.88 billion, officials from the island’s Gaming Inspection and Coordination Bureau revealed Although revenues were up 33 percent compared …
Online games developer WMS has launched its latest internet slot – Big Bass Bucks – through its subsidiary online casino Jackpot Party.com. The theme revolves around angling, with graphics depicting boats, lures and fishing gear as the player seeks rewards across the 20 pay-lines and four available features. In the Fly Fishin’ feature credits are …
Microgaming, the prolific online gambling software developer on the Isle of Man, has released its latest batch of new games for December and the holiday season. The flagship release is the already widely publicised blockbuster Immortal Romance, a 5 reel 243 Ways To Win game with a host of innovative features, weaving big slot action …
Online gambling group Betfair has followed up on its threat earlier this year that it would protest against the proposed new German gambling laws, submitting a formal complaint this week to the European Commission. The complaint objects to the draft German “liberalisation” regime on grounds that it continues to advantage and protect German provincial monopolies. …
One of Australia’s most vehement anti-online gambling critics, independent Sen. Nick Xenophon is on the warpath again, claiming that he has received “a flood” of complaints regarding alleged gambling on the massive social gaming network Facebook, through the DoubleDown Casino. The Age newspaper reports that the online casino gets around anti-gambling laws by not allowing …
Exchange betting isn’t yet authorised in California, but a law passed last year will make it legal starting in May 2012, and the British online gambling group Betfair, which pioneered the concept, will be strongly positioned to exploit the new business opportunity through its US subsidiary TVG. Plans are already afoot at Betfair to open …
The trials and tribulations continue in UK horseracing with two British racecourses, Chester and Bangor, splitting from the Racecourse Media Group (RMG) umbrella and withdrawing from commercial negotiations with new Tote owner Betfred. A deal signed by the Tote’s previous management and RMG will expire in March 2012 and renegotiations on commissions, levies and sponsorships …
Between November 2007 and January 2010, a senior employee of UBS Securities defrauded the company of $673,447.47, which he used to gamble on unidentified internet websites, Forbes reports. Shawn Reilly (34) joined the bank in 2004 and was discharged in April this year when his activities were uncovered in a Financial Industry Regulatory Authority investigation …
UK bookmaker William Hill.com has added the title sponsorship of snooker’s UK Championship to its sponsorship portfolio. The nine-day BBC-televised snooker event is the sports’ second biggest ranking event and will be known as the “GBP625 000 Williamhill.com UK Championship,” kicking off this weekend at the Barbican in York. Kristof Fahy, chief marketing officer at …
Nevada race and sports book operator Cantor Gaming will operate the race and sportsbook and offer mobile gaming at the Las Vegas-situated Palms Casino Resort (Palms) in a long-term deal that will begin in the first quarter of 2012. Development of the new race and sports book will comprise its wireless gaming system across the …
After a year of strong growth in Internet gaming, the New York State Racing and Wagering Board voted on Tuesday to extend online streaming of the state’s thoroughbred and harness races for another year, reports the Wall Street Journal. According to the WSJ blog: “The online gambling boom comes after years of decline for New …
According to reports in the Sydney Morning Herald Wednesday, the police have been asked to look into the affairs of the now insolvent and defunct Sports Alive online bookkeeping firm, which operated out of Melbourne. Sports Alive was licensed by the ACT Gambling and Racing Commission, and the regulator requested the assistance of the police …
The industry was alive with speculation Wednesday evening following what appears to have been an indiscreet disclosure from a guest at a Facebook-hosted dinner in London the night before. The nudge and nose-tapping whisper was that the get-together with selected industry execs was of an exploratory nature. It follows reports earlier this year that Facebook …
Among the more interesting industry documents to surface this week was a tender – contract 354480-2011 dated November 11 – from the Danish state gambling monopoly Danske Spil, which is apparently seeking a software platform provider for sports betting operations once market liberalisation and a new regulatory regime is established early next year. Appearing on …
The Danish Gambling Authority (DGA) has notified the European Commission of a change in rules regarding the location of potential licencees’ online gambling systems in the soon-to-be liberalised Danish market. The Authority will now consider applications from potential licensees whose gambling system is located offshore on the proviso that that country’s gambling authority has an …