Concerns have been raised in the Connecticut General Assembly that several measures relating to gambling expansion have not made significant progress as the legislature’s adjournment date of May 9 nears. The bills affected deal with tribal and land casino matters, and an important measure positioning Connecticut to move quickly in the event of a favourable …
In a surprise news release Saturday the Canadian online gambling company The Stars Group announced that it has agreed to acquire Sky Betting and Gaming (“SBG”) from CVC Capital Partners (“CVC”) and Sky plc in a cash and stock transaction valued at $4.7 billion. Early reports indicate that talks have been quietly going on for …
Online gambling group Betsson AB has announced the appointment of Peter Zäll to the new position of Chief Strategy Officer (CSO). Zäll was previously employed as group vice president for product and marketing at Sweden’s state-owned gambling group Svenska Spel, and he will initially concentrate on developing Betsson’s strategy for the forthcoming liberalisation of the …
One of online gambling’s more devious opponents, Republican Congressman Charlie Dent of Pennsylvania, has announced he is to resign from Congress ‘in the coming weeks’ before his term ends. Dent gave little indication of the rationale behind his resignation, saying in his announcement only that he had made the decision after family discussions and careful …
Betting firms in Kenya received the welcome news Thursday that the government appears to have relented on pushing gambling tax levels to 35 percent from the original 7.5 percent, and is now proposing that the rate be set at 15 percent of GGR. The proposed lower rate is contained in a bill tabled in Parliament …
Internet gambling software provider GAN (formerly GameAccount Network) has announced the launch of GAN Digital, an in-house marketing agency to provide digital user acquisition and retention services to selected GAN clients worldwide. Operations at GAN Digital will be led by experienced senior digital marketing executive Meir Deutsch who joins GAN from William Hill Online and …
Share prices in some Chinese online companies declined by up to 12.5 percent Friday on news that the Chinese Ministry of Culture and Tourism may be tightening regulations on slot and poker-related online games. The speculation was triggered by reports of a meeting to exchange views between the Ministry and 15 major internet companies, in …
It appears from Italian media reports that there has been a good response from applicants for the latest tranche of online gambling licenses, which will be valid through to 2022. Despite the once-off application fee of Euro 200,000, at least 80 applicants have submitted the necessary documentation and passed the initial scrutiny of regulator Agenzia …
Online gambling operator Mr Green has introduced a new express service for the convenience of its Swedish players, minimising delays in registration, login and withdrawals by leveraging the nation’s efficient BankID system (see footnote). The operator claims that the express system is compliant with the new regulations about to be introduced in Sweden, and that …
Global Gaming CEO Stefan Olsson has announced that he is to switch his responsibilities to innovation within the company, handing his CEO duties over to acting president Joacim Möller whilst a search for a replacement is underway. Explaining his move this week, Olsson says it will take place on May 1st. “It has been a …
The LeoVegas Mobile Gaming Group is expanding its sponsoring partnership with the Swedish Open in Båstad by assuming the role as a principal partner for the prestigious tennis tournament. “Last year’s successful sponsor partnership with the Swedish Open in Båstad was a strategic effort to profile LeoVegas Sport and our offering in tennis. This venture …
According to reports this week on ESPN the sports leagues Major League Baseball and the National Basketball Association have been in amicable talks with daily fantasy sports market leaders FanDuel and DraftKings with a view to unloading their shares in the companies but retaining a “valued partner” relationship. Explaining the NBA position, spokesman Mike Bass …
Former Amaya CEO David Baazov’s trial in Quebec on insider trading charges has been delayed once again, according to local media reports,which detail an attempt by the defence team to have the charges thrown out on grounds that the prosecution keeps adducing new evidence …specifically nine disclosures in recent weeks – abusing process by not …
Malta’s move to issue skilled games supply licenses encouraged business-to-business DFS supplier Global Daily Fantasy Sports to apply, and the initiative paid off this week with the issue of a five-year licence to offer services and solutions to operators. Darcy Krogh, chief executive of Global, said: “This licence is pivotal for Global, enabling us to …
Slovenian MP Branko Zorman has quit the ruling Modern Centre Party in Slovenia following the failure of his sports betting liberalisation bill in the Senate and in a re-vote in the National Assembly Thursday. Our readers may recall that early last month, despite opposition from the government, the upper chamber and sports betting monopoly operator …
Online gambling games developer BetSoft has confirmed that it is to launch a new online slot titled Reels of Wealth on April 28. The five reel, ten pay-line game, which has a gems, precious metals and money theme, will have a claimed RTP of 95.29 percent and offers the new Megastar 4 Jackpot mini game. …
Lotteriinspektionen gets an additional SEK 19 million (Euro 1.8 million) to help handle the soon-to-be-liberalised market. Sweden’s national gambling regulator Lotteriinspektionen has received a SEK 19 million (Euro 1.8 million) operational budgetary boost by the government to help it expand resources to manage the forthcoming liberalisation of the market early next year (see previous reports). …
Chinese internet giant Tencent is mulling the $100 million acquisition or investment in Mumbai-based daily fantasy sports platform Dream11, according to a report in the Economic Times, which claims that negotiations are at an advanced stage. Tencent’s investment in Dream 11 was possibly encouraged by the Punjab and Haryana High Court’s recent ruling that fantasy …
Hot on the heels of its Tuesday announcement that it had launched an online sports betting channel for Hungary’s state-owned Szerencsejáték Zrt., Scientific Games advised Thursday that it has successfully launched an omni-channel sports betting system for Swisslos, the lottery serving the German and Italian-speaking regions of Switzerland. The solution was provided by Scientific Games …
Just when it looked as if overwhelming retail association, corporate and political opposition to secondary lottery provider Lottoland had scuppered the Gibraltar-based provider (see previous reports) the news broke Thursday that retail representative bodies in two Australian states – the populous New South Wales and Australian Capital Territory – are considering Lottoland’s generous profit-sharing offer. …
Live dealer technology and games provider Evolution Gaming has continued to keep its investors happy with another set of quarterly results, reporting that in the three months ended March 31 it achieved the following highlights: * Operating revenue up 30 percent at Euro 51.6 million (Q11-2017: Euro 39.7 million); * Profit rose from Euro 12.7 …
Loot boxes seem to be in the news again this week, with the Dutch Gaming Authority giving the latest negative opinion about the boxes, which are sold to video gamers as a randomised mix of accessories and prizes. Without naming the development companies involved, the regulator said that four video games contravene Dutch gambling laws …
Lottery and instant win provider Twelve40 has penned an agreement with games developer Wazdan to integrate the provider’s entire games portfolio into its proprietary platform. Wazdan content including video poker, table games and more than 100 video slots such as Wild Guns and Dracula’s Castle will be made available to Twelve40’s partners under the terms …
Against the background of strong organic growth and several acquisitions contributing to LeoVegas’ expansion, the Board of Directors has adopted new financial targets for the Group, according to a company statement released Thursday. LeoVegas is targeting at least Euro 600 million year in revenue by 2020 and at least Euro 100 million in EBITDA in …