Paddy Power Betfair plc has followed up on its Q1 trading update pledge to return GBP 500 million to shareholders over the next 12 to 18 months, initially commencing with a share buyback of GBP 200 million. In a stock exchange advisory Tuesday the company revealed that it has entered into irrevocable, non-discretionary arrangements with …
The news that the Italian president, Sergio Mattarella, has vetoed a proposed finance minister put forward by a political party coalition following hung national elections in March has enabled the Italian gambling industry to dodge what could have been a damaging political bullet. The coalition comprised the two radical political party winners in the election – Five …
French gambling authority ARJEL has launched a responsible gambling social media campaign ahead of the World Cup. The campaign was formed in response to the growing popularity of sports betting in France, the regulator said, and will initially focus on the football, tennis and basketball disciplines. Produced by creative agency GoodSeed, the campaign’s underlying theme is that punters …
Latvian online casino operator Klondaika has selected Malta-based sports betting solutions provider ALTENAR for the roll out of its new sportsbook later this week. Primed for the beginning of the football World Cup, the Klondaika sports book offers betting on twenty-one sports supported in a multi-lingual environment. “Klondaika is a rising star of the Latvian gaming market, so it …
Online gambling games and software developer Real Time Gaming (RTG) has announced that industry marketing executive Alex Czajkowski has joined the company’s Asia operations as Corporate Marketing Officer based in Manila, Philippines. Briefing media this week, Czajkowski said that whilst European firms were deeply engaged in mergers and acquisitions the Asian i-gaming market for RTG games is booming. “Having …
Soe Thein, the director general of the Myanmar Department of Posts and Telecommunications, did not mince his words this week in a letter warning private telecommunications firms to stay away from any aspect of online gambling, either directly or indirectly, on pain of being shut down. The official said that the majority of internet gamblers …
Online and land gambling companies licensed in the UK could be faced with more restrictions if a cross-party group of MPs succeeds in its demands that the pastime be treated as a public health issue with restrictions similar those required of the tobacco and alcohol industries. Reporting on the group, which includes shadow culture secretary …
Despite a positive series of acquisitions and financial results, the board at GVC Holdings plc could find itself facing shareholder concerns regarding the high level of executive remuneration at its agm next month, according to a report in the publication This Is Money over the weekend. Our readers may recall that Playtech plc stakeholders earlier …
In a major responsible gambling initiative agreed as part of its sponsorship deal with the English Football League, online gambling firm Sky Bet has invested GBP 1 million in an EFL education program targeting EFL clubs and designed to improve awareness. The marketing publication Drum reports that the EFL has signed a five-year agreement with …
With less than a week left in the current legislative session, the House Gaming Subcommittee mulls amendments to a casino bill. In a surprise move Friday, and with barely a week left of the current legislative session, the Illinois House Gaming Subcommittee was presented with amendments to a Senate bill (SB 7) originally intended to …
World Poker Fund Holdings, Inc. (WPFH), revealed Thursday that it has signed a definitive agreement to acquire Picking Duck. WPFH has also brought back Picking Duck’s Handicapper Marketplace, where the public can “buy sports picks” from professional handicappers, and has also acquired the rights to develop and produce “Beat the Bookie”, which will initially launch …
Rivalry.gg, a dedicated eSports sportsbook licensed by the Isle of Man Gambling Supervision Commission announced Friday that it is launching live, in-play betting, currently one of the most engaging betting experiences in eSports allowing bettors to place bets throughout a match on a variety of in-game events and outcomes. With the average age of eSports …
In an announcement by its board of directors Friday Cherry Group AB said that it has “terminated the employment of Anders Holmgren as CEO and President of Cherry effective immediately.” Company chairman Morten Klein acknowledged the contribution Holmgren has made during his fifteen month tenure as CEO and President, but said that the board has …
Lightning Box, the specialist online slots developer, has received approval to launch its games in Portugal on the SG Digital platform. The Portuguese gaming regulator, Serviço de Regulação e Inspeção de Jogos (SIRJ), has granted Lightning Box the right to release nine games from its offering, including Silver Lion, Stellar Jackpots-Chilli Gold x2, Stellar Jackpots-Serengeti …
Tatts Group’s A$5 million anti-Lottoland campaign in Australia may have consequences for the gambling group following a complaint lodged by the online lottery betting company with the New South Wales Liquor & Gaming regulator. Local media reports Thursday note that the regulator has confirmed to Lottoland that it has launched an investigation into its complaints …
The UK-based online gambling group GVC Holdings plc issued a trading update Friday, forecasting higher cost synergies from its GBP 4 billion acquisition of bookmaker Ladbrokes Coral, and posting a 17 percent growth rate in online gaming revenue. Shares of the company rose as much as 4.6 percent to an all-time high of 1,028 pence …
The New Jersey Thoroughbred Horsemen’s Association filed a legal action against the four major US pro sports leagues and the NCAA Thursday, claiming the leagues cost one of the state’s racetracks more than $130 million in lost revenue by blocking the advent of legal sports betting. The action follows the victory of New Jersey in …
It appears that Massachusetts will not be among the front-running states offering sports betting following the recent Supreme Court decision overturning the federal Professional and Amateur Sports Protection Act. On Thursday House Speaker Robert DeLeo said he intended to take his time making a decision on whether to embrace sports gambling and would be taking …
Hong Kong-listed gaming and entertainment firm, International Entertainment Corp., which earlier this month signed an Asian poker partnership deal with the Stars Group (see previous report has confirmed that it has reached agreement to acquire the UK football club Wigan Athletic for GBP 22.4 million and now awaits the approval of the Hong Kong stock …
Online gambling companies that use “free-to-play” loopholes in New Zealand law to advertise and attract players for targeting with real money offers may find themselves facing tighter regulations in the future. According to local media reports, the minister for Internal Affairs, Tracey Martin, says the practice is “a clear indicator that current legislation is no …
In an update Thursday, Guangdong Province, South China authorities confirmed the arrest of over 150 people in an online gambling case in which several people were found to be operating online gambling houses earlier this year. Local authorities believe the gang collectively gained over US$ 62.7 million in profit from the online operations in which …
In an industry update on the arrest of chief executive officer Anders Holmgren following an investigation by the Swedish Economic Crime Authority (see previous reports), Cherry AB said the Stockholm District Court had informed the company that it formally detained Anders Holmgren, on reasonable grounds suspected for severe insider trading, at a court appearance today (Thursday).
Development studio 1X2gaming has launched ‘Football 3×3’ offering nine slots that can be spun simultaneously on one screen. Players have the option to “bench” games that are not performing well enabling them to play the slots that are scoring the most goals and delivering the biggest wins. The top row of slots pay out less but more …
Australian gaming and social casino provider Aristocrat has reported a strong half year performance over the six month period ending March 31st delivering a record high in revenue which increased 34 percent to reach AUD$1.64 billion. Other key performance indicators over the H1 period include EBITDA of AUD$643 million – up 28.9 percent, and normalised profit after …