What appears to have been a palace coup in the affiliate business triggered an upsurge in online gambling forum activity Monday as the major shareholders involved posted their versions of what appeared to be a serious split between partners.
The war of words between former Cryptologic CEO Javaid Aziz and the Dublin-based online gambling software provider Cryptologic took a turn for the worse this week as the software company not only rejected Aziz’s latest proposal for an extraordinary general meeting, but threatened Aziz with a law suit, claiming he was in material breach of …
Quezon City in the Philippines claims that gambling group Philippines Amusement and Gaming Corporation (PAGCOR) owes hundreds of millions of pesos in unpaid franchise taxes. City executive Dr. Victor Endriga cited Section 13 (2) of Presidential Decree 1869, or the Pagcor Charter, imposing a 3-percent franchise tax on the firm and its partners for the …
The UK skill games provider GameAccount, which already has William Hill, Stan James, Gala Coral and other major gambling groups on its books, has reported signing up Gaming VC this week. The Malta-based operator of various major online sportsbook, poker & casino websites principally targets the German-Austrian and Italian markets.
UK online and land gambling group William Hill plc is set to raise an additional GBP 350 million through a rights issue, reports The Times. The cash will be used to refinance the company’s debt, the newspaper reports.
Following the trend to online sportsbook sponsorships in Australia actor Russell Crowe’s South Sydney Rabbitohs announced a new corporate partnership with Betezy.com.au this week.
Barney Frank, the Democratic Party’s chairman of the House Financial Services Committee and a strong supporter of legalising online gambling in the United States, is preparing to launch another legislative attack on the controversial Unlawful Internet Gambling Enforcement Act, according to a Reuters report as the week ended.
The Advertising Standards Authority in the UK has banned a television ad for Bejeweled flighted by skill games company Midasplayer on its King.com website, supporting a claim from a member of the public that the imagery could attract an audience under the age of 25.
Millions of dollars confiscated from accounts allegedly linked to the Bodog online gambling group will be retained by the federal authorities in the US following a confirmatory order issued by a Baltimore judge this week.
Worried land gambling industry operators are concerned that a pronounced and sustained downward trend in revenues at Nevada land casinos could continue into 2009 following a tough 2008 that saw revenues decline by 9.7 percent – with the fourth quarter plunging 18.9 percent.
John Davy, a non-executive director of online gambling group Party Gaming plc, has notified the board of directors of his intention to resign as a director for personal reasons.
The police in Sabah, Malaysian Borneo have revealed that a sophisticated investigation is underway in an attempt to identify and catch the top bosses organising illegal online gambling operations in the region.
The former CEO of online gambling software provider Cryptologic, Javaid Aziz, is pressuring the company for an Extraordinary General Meeting of shareholders. Aziz, who holds 12.5 percent of the company’s stock, has enlisting the support of other shareholders, and has been critical of the direction in which the company is headed .
The UK’s largest online and land gambling group Ladbrokes reports that its business had shown resilience against the impact of the recession, with full-year operating profit slightly ahead of market expectations.
Asian online and land gambling group and Playtech associate AsianLogic Limited has issued a pre-closing trading update for the year ended 31 December 2008 flagging the liklihood of increased capital expenditure required to retain top line revenues amidst challenging economic conditions in 2009.
The spread of broadband and WiFi technology has led to an upsurge in online gambling in Vietnam, but due to the unregulated nature of the pastime local media are warning punters to be cautious with their choices and their money, pointing out that at the dark end of the business there have been reports of …
The European Commission probe into the activities of US enforcement authorities in pursuing European online gambling companies and executives appears to be nearing a conclusion, according to reports from the Reuters news agency this week.
The online gambling independent player protection and standards organisation eCOGRA marked five years of quality and safety oversight at its 126 accredited poker and casino websites this week by awarding its tough Safe and Fair gambling seal to three new partners.
The Business Spectator reports that Australian online gambling group Centrebet has landed an important contract to manage the fixed odds racing and sports betting product portfolio of the ACT TAB, Racing & Wagering Western Australia and Tote Tasmania.
The Ireland-based server based gaming specialist company Betstone has appointed Marzia Turrini as head of business development for Latin America. Reporting directly to the board, Turrini will focus on working closely with customers in Latin America.
Unibet’s Q4 results released this week show a healthy growth in revenues across all its activities, which to some extent ameliorates the impact on net profits of a foreign exchange loss of GBP 11.8 million over the final quarter and GBP17.9 million over the year.
Playtech-powered Europa Casino.com has been enjoying a winning progressive jackpot streak it appears; just a few days after its Bonus Bears slot paid out nearly Euro 390 000 to one lucky player, another member hit the progressive jackpot on Gold Rally, earning him winnings just shy of a million Euros.
KPMG, a respected international professional business services provider, has released details of an Australian study it has conducted that shows an increase in business fraud, and identifies gambling as a significant reason for dishonest employees to steal money from their companies.
Kudos to 888.com on a new initiative it has launched to assist victims of the recent and tragic bushfires in Australia.