Betfair has confirmed rumours circulating earlier this week that Paddy Power’s chief operating officer, Breon Corcoran (40), has been hired as chief executive officer after a five month search for a successor to current incumbent David Yu. The appointment will come into effect only in August 2012, the company revealed. Corcoran took over the chief …
Online gambling software developer Viaden Gaming Ltd. has released 3 Full-HD video slot games branded Enigma, Maverick Saloon and Viking Conquest. The new games have been certified for fairness and compliance with Isle of Man regulatory requirements by approved testing facility SQS India, an independent provider of software testing authorised by the Isle of Man …
Internet gambling software developer CryptoLogic Limited has posted its financial results for the third quarter ended September 30, 2011. Q3 2011 highlights include: — Total revenue increased to $7.2 million (Q2 2011: $7.0 million) — Total expenses reduced to $5.9 million (Q2 2011: $6.5 million) — Income before tax increased to $1.3 million (Q2 2011: …
A report published Thursday and produced by Coventry University’s International Centre for the Business of Sport (CIBS) finds that corruption in sport remains dominated by doping, equating to nearly 96 percent of cases, followed by betting and non-betting related match-fixing with less than 3 percent and the misuse of inside information at around 1.5 percent. …
The main hurdle facing the sale of Sportingbet plc’s legally troublesome Turkish operations to GVC was overcome Thursday following a company general meeting at which the deal was overwhelmingly approved by 72.6 of shareholders. Last month Sportingbet said it would dispose of its Turkish operations for at least Euros 143 million ($196 million) in cash …
A survey conducted by the independent ecommerce and digital marketing consultancy, Econsultancy has revealed some interesting results. The survey in consultation with Foviance and TolunaQuick was based on five consumer studies covering the online banking, mobile phone provider, gaming/gambling, travel and retail sectors directed at a sample of 5,000 British respondents who were anonymously polled …
Swedish software provider NYX Interactive AB (NYX) has acquired the Australian-based independent games supplier Nextgen Gaming Pty Ltd for an undisclosed consideration. The businesses will merge to create a content-rich software provider combining the NYX bingo, lottery and casino modules with NextGen’s games catalogue and innovation in game design across the online, land-based, social and …
The marketing publication Campaign Live reports that online and land gambling UK giant William Hill plc is inviting pitches for its GBP 13 million media planning and buying account, currently held by the 7Stars company, which will not be renewing its offer. The betting company is talking to agencies ahead of holding meetings, with a …
Responding to a sports body funding inequity question from Irish Labour Party politician Aodhán Ó Ríordáin, the Irish Minister for Finance Michael Noonan confirmed that work on legislation covering an online betting tax on bets placed in Ireland is ongoing. The lowering of betting duties from 2 percent to 1 percent in 2007 and the …
The UK’s independent Responsible Gambling Strategy Board (RGSB) has contracted the services of Brian Pomeroy as Chair until March 2013 as successor to outgoing Baroness Julia Neuberger whose three year term is coming to an end. The RGSB works in an advisory capacity to the UK Gambling Commission and in turn, the Government’s Department for …
UK-based social gaming start-up Yazino’s vision is “in-sync gaming”, where players compete and interact in real-time using the internet, Android and iOS devices, giving them the edge in an already crowded social “free-to-play” gaming market that functions mainly through social network Facebook, reports AOLgames.com. Yazino has developed seven classic casino games accessible via Facebook but …
Icelandic interactive gambling software provider Betware’s gaming platform has achieved certification from Spanish testing laboratory BMM Spain, a mandatory requirement for the application process of general online gaming licences in Spain. The certification pertains to Betware’s CRS System that captures all required data needing to be accessed by Spanish authorities. “For over 15 years Betware …
The ailing Iowa horse racing industry could get a shot in the arm if fresh ’emergency’ regulations to introduce internet advance deposit wagering are approved Thursday this week by the Iowa Racing and Gaming Commission. If passed, the new regulations will allow Iowa gamblers to bet on horse races either online or by making a …
Christina Michele Bratcher (43), a bookkeeper from Colorado Springs, has been charged with felony theft following accusations that she skimmed almost $500 000 from her employer of the past seven years. Bratcher’s actions allegedly bankrupted the mother-son owned welding supply business. The thefts were discovered as the company prepared for a bankruptcy sale in 2010 …
Unofficial results on a New Jersey ballot question on the legal right to sports betting showed 66 percent of voters in favour and 34 percent opposed. With the passage of the topic determined by the State’s voters, Govenor Chris Christie is said to be preparing to legalise the activity but only when the Federal Professional …
Online gambling software and games developer Playtech plc released its Q3 2011 results this week, showcasing another strong performance with the promise of meeting expectations for the full year. Highlights from the results to September 30 include: * Gross income totalled Euro 70.1 million, (Q3/10: Euro 41.3 million) * Total revenues totalled Euro 61.5 million, …
The Reno-based gambling machine manufacturer and interactive supplier International Game Technology reported Tuesday on its Q4 fiscals, saying that profits more than doubled from a year earlier to $60 million. And for the fiscal year ending Sept. 30, net income jumped nearly 33 percent, to $292 million, from the previous year. CEO Patti Hart revealed …
Malaysian police have shut down an online gambling ring operating in Setapak, Kuala Lumpur, halting a promotion that offered a new car as the main prize in a lucky draw. Police raided the premises Tuesday evening, Deputy Supt Azman Mohd Isa told The Star newspaper. He revealed that police raided nine illegal gambling premises connected …
The British lottery fundraiser and gaming company The Weather Lottery PLC (TWL) has announced the appointment of Andrew Flitcroft as Finance Director with immediate effect. Flitcroft (46), a Fellow of The Institute of Chartered Accountants in England and Wales, worked in private practice until 1999, followed by various senior finance roles in the technology, internet …
The Canadian Crown corporation, Atlantic Lottery Corporation (ALC), is investigating alternative revenue streams with a research request on the viability of an interactive television wagering service in a bid to augment already declining revenues, reports a Winnipeg media publication. The ALC operates lottery games in Atlantic Canada and is jointly-owned by the four Atlantic provincial …
Germany-based gaming firm Tipp24, parent company of ventura24.es, giochi24.it, mylotto24.co.uk, tipp24.com and games platform tipp24games.de, delivered a strong performance in its quarter 3, 2011 results announced this week. Following two successful reporting periods this year, quarter three places the company in excess of its annual target with another quarter still to go. Key performance highlights …
Bwin.party digital’s Q3 2011 results have been released, showing strong growth in online casino, new games for Italy and improved performance from poker operations, thanks to less competition due to Full Tilt Poker’s troubles. The sale of the Ongame network – now superfluous following the merger – is expected to complete by year end to …
Top internet betting companies in Australia have complained that the country’s online betting laws prevent them from effectively competing with rivals operating from offshore, and have called for a more realistic approach to regulation. The suggestions for improvement were made by companies like Sportsbet and Betfair in submissions to the federal government’s review of the …
Jack Abramoff, at one time one of the most influential and notorious political lobbyists punting legalised online and other gambling in the United States has resurfaced, this time as an author. In his new biographical book, “Capitol Punishment: The Hard Truth About Washington Corruption from America’s Most Notorious Lobbyist”, the man the press and politicians …