The South African Government’s Trade and Industry Minister Rob Davies has cautioned both offshore gambling operators and resident online gamblers in a press conference held this week on the outcomes of the Gambling Review Commission. Davies warned that despite offshore operators establishing businesses in the country, his department would not be pressured into accepting forms …
Betfair announced it will embark on a share re-purchase programme over the next twelve month period following a slump in share prices since its IPO in October 2010. The re-purchase programme will be conducted on the open market and the company intends buying back GBP 50 million of its ordinary shares. David Yu, chief executive …
Following industry speculation, UK Bookmaker Ladbrokes has presented a new cross-channel, centralised structure in the re-organisation of its senior management. Ladbrokes confirmed that it will move forward in three operational groups; Customer experience, Channels and Products – each lead by an existing director . Customer Experience will be led by Stephen Vowles and will be …
The Entraction Holdings’ Board has received a proposal for election of four new board members from International Game Technology’s wholly-owned subsidiary and largest shareholder Eagle Ice AB. The proposal names Robert C. Melendres, the Chief Legal Officer and Corporate Secretary of IGT; Gideon Bierer, Executive Vice President of IGT; Craig Churchill, Senior Vice President of …
The Sporting Index Group’s B2B arm Sporting Solutions announced the inclusion of boxing to its in-play offering, this week. The inclusion will allow partners to access eleven in-play markets on all major boxing bouts and will launch in time for the World Title Showdown between David Haye v Wladimir Klitschko. Current Sporting Solutions partner operators …
Regardless of challenges in regulatory environments and a series of middle management and high profile staff departures, the company has posted strong profitability and record revenue for the period. The company’s outlook for the first eight weeks and beyond of its current fiscal year are positive with “many of the new products expected to drive …
Rival Gaming released its latest offering this week, a five-reel, fifteen payline video i-Slot titled “The Back Nine”. The new slot, due for release across Rival powered brands, is a continuation of the company’s flagship title “Hole in Won”. The aim of this game is for players to successfully putt their way through each of …
Online sports betting group Sportingbet has announced the appointment of Rory Macnamara as a non-executive director and chairman of its audit committee, with immediate effect. Macnamara qualified as an ACA with Price Waterhouse before joining Morgan Grenfell, later Deutsche Morgan Grenfell, in 1981 as an investment banker. Over the following seventeen years he advised clients …
The situation at the UK online and land gambling group Rank plc appeared to be going from bad to worse this week, with conflicting signals on an Asian takeover bid leaving investors confused and in many cases angry. Compounding an already serious situation, today (Tuesday) saw the resignations of chief executive officer Ian Burke and …
The last major barrier to online sports betting in Australia – betting during a match – could soon be lifted under changes being considered by the federal government in Australia, reports The Age newspaper. Australia’s major sports representative bodies are lobbying to end the online in-play betting ban, and their perspective is to be considered …
The Minsk-based online gambling software provider Viaden Games has announced the launch of 7 more games to its licensee inventory. 5 feature-rich online slots: Cherry-Go-Round, Dragon’s Tale, Empire’s Glory, Land of Unicorn and Lucky Pirate; a lottery game of Keno and an entertaining Golden Flush video poker join a gaming suite from the company that …
The decision by the Washington DC council to legalise online gambling will be under the microscope of the council’s Committee on Finance and Revenue tomorrow (Wednesday) as committee chairman Jack Evans explores how the games will work and why no one else in the country has introduced state-sanctioned gambling on the Internet. Last week’s news …
Online gamblers with Paddy Power.com will soon have a wider selection of games to choose from following a new games supply deal between the internet gambling giant and Cayetano Technologies. The deal involves a selection of new online slot and table games developed by Cayetano in collaboration with the betting group. “We are delighted to …
The Canadian provincial government of New Brunswick has cleared the way for the provincial lotteries corporation to invest Cdn$2 million in a British online gaming company, reports the local newspaper Telegraph-Journal. A Cabinet order signed Monday this week authorised the New Brunswick Lotteries and Gaming Corp. to make an initial investment in Roboreus, a U.K.-based …
The official licensee of online gaming brand Bodog has become the latest English Premier League Football Club sponsor. The West Bromwich Albion Football Club announced the deal as “the largest sponsorship deal in its history” and will see Bodog Europe’s logo sitting on the “Baggies” shirts while also becoming the club’s official betting partner. Mark …
A statement issued by Guoco Group (Guoco) giving a more detailed explanation on its intentions with regard to the Rank Group’s (Rank) London Stock Exchange listing has prompted Rank’s Board to change its stance and reverse its recommendation, in part, that shareholders accept the deal as the Independent Directors of Rank intended to do so …
Reports over the weekend that Betfair chief exec David Yu is on the way out have been confirmed by the company. The Reuters news agency reports that Yu has informed the Board that he believes it is the right time for the company to start looking for his successor. He does not intend to renew …
Unconfirmed speculation in the British business press over the weekend is that online gambling group Betfair may be hunting for a replacement chief executive to replace David Yu, who has apparently let it be known that he wishes to return to the United States. The declining popularity of Betfair shares reached a new low this …
Agence France Presse reports that former French state gambling monopoly Pari-Mutuel Urbain (PMU) is to separate its online and (land) retail customer databases. The move follows recommendations made in January this year by the French Competition Authority, which sought to avoid market “distortion.” Pierre Pagès, general secretary of the PMU, confirmed in an interview with …
Unconfirmed but growing numbers of reports on internet message boards appear to indicate that the Rival Gaming internet gambling turnkey provider, which powers a number of online casinos that accept US action, may have decided to eschew US business as payment processing becomes an increasingly serious obstacle to business. Our readers will recall that shortly …
The NASDAQ listed online gambling company Entraction Holding AB is to apply for delisting from the exchange following its acquisition earlier this month by IGT subsidiary Eagle Ice AB . The board of of directors of Entraction resolved Friday to apply for delisting of the company’s shares listed on NASDAQ OMX First North Premier exchange. …
The independent gambling test company Gaming Laboratories International has published what it claims is the world’s first global interactive gaming standard. The standard, dubbed “GLI-19,” establishes the industry’s first global e-gaming regulatory guidelines, the company says in a statement this week. “This is an important day in the gaming industry. With GLI-19, GLI and TST …
The Rank Group Plc (Rank) has changed its recommendation to its shareholders on an offer of 150p per share from Guoco Group in time for the closing of acceptances of the offer. While Rank maintains that the offer undervalues the company, it notes that should Guoco attain 75 percent of Rank shares it will be …
Florida internet cafe owners offering “sweepstakes” style online gambling are again under threat following the reintroduction of legislation designed to outlaw the use of simulated gambling devices in Internet cafes and arcades, reports TC Palm. Republican state representative Scott Plakon has reintroduced his measure targeting the pastime, which died in a recent session of the …