Clearly distressed – and who wouldn’t be – by the 38.4 percent decline in his company’s share price following the Financial Conduct Authority’s announcement this week that it is to clampdown on financial (CFD) spread betting firms (see previous report), IG Group chief executive Peter Hetherington has accused the Authority of mishandling the issue, not …
Bribery and official corruption allegations made folllowing the recent mass arrests of Chinese illegal immigrants working in the Philippines online gambling sector are to be thoroughly investigated by the National Bureau of Investigation, Justice Secretary Vitaliano Aguirre said over the weekend. Aguirre revealed that he had tasked The NBI with looking into all aspects of …
The Canadian province of Quebec’s notorious Bill 74, which would enable the province’s Loto Quebec gambling monopoly to direct the Internet blocking by ISPs of rivals to its Espacejeux online casino website, hit the headlines again Friday when the federal regulator Canadian Radio-television and Telecommunications Commission (CRTC) announced that it is temporarily suspending its involvement …
Philippines regulatory body Pagcor has reacted to the legal challenge in the Philippines Supreme Court from the activist group Union for National Development and Good Governance- Philippines questioning its licensing and other powers (see previous reports). In a statement, Pagcor said its initiative to grant a new type of license titled the Philippine Online Gaming …
The recommendations earlier this week on Fixed Odds Betting Terminals by the “unofficial” All Party Parliament Group of MPs led by Labourite Carolyn Harris (see previous report) are unlikely to be followed, especially in regard to lowering maximum staking limits to GBP 2, London analysts at Numis Securities opined late Friday. Numis believes the UK …
Playtech’s live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colourful Christmas decorations. The advent of the room will see players presented with a fully bespoke table layout and greeted by a host of Christmas characters, with dealers dressed head-to-toe in festive costumes. Christmas …
1X2Gaming’s latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.
Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette. A statement from the company claims that the product delivers fast streaming, crisp images and quality sound. A Vegas Mobile Casino spokesman said Friday: said Friday …
The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half (see previous report). The Authority clarified that it had not tightened daily cash withdrawal limits for Chinese gamblers, explaining that it limited withdrawals to 5,000 patacas …
The Malta Gaming Authority’s half-year 2016 report published this week has some interesting numbers, including: * Employment within Malta’s gaming industry increased by 31 percent year-on-year in the first six months of 2016; * The island’s online gambling industry employed an estimated 6,150 people as at end June this year; * The sector contributed 12 …
The Spanish sports betting technology company Optima has been enjoying growing attention to its innovative retail betting products this year and was recognised in two categories at this week’s SBC Bookmaker of the Year award ceremony. The company topped the list in the Innovation in Retail Betting – Best Retail Betting Product class, besting respected …
Online casino operator Codeta paid out its biggest win yet this week after one of its Swedish online punters scored a Euro 100,000 on NetEnt’s Jack and the Beanstalk slot jackpot. The live dealer casino pioneer revealed in a statement that player Frederik (27) was spinning the reels when he struck five best combinations straight …
The newspaper South China Morning Post precipitated a wide decline in land casino stock prices Thursday when it reported that China is imposing a drastic cut in UnionPay ATM daily withdrawal limits in Macau. However there was some recovery after UnionPay International said its overseas withdrawal limits were unchanged. The Reuters news agency reported stocks …
Hopes that the newly invigorated land casino gambling bill before the Upper House of the Diet would be approved by today (Friday) have faded after the ruling Liberal Democratic Party announced that it will instead hold hearings before the Cabinet Affairs Committee next week. However, the party reiterated its determination to seek final approval for …
The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday). “Prepare yourself for a dark and intense experience,” the company advises in its launch statement. “The newest …
Questions are being asked about how the UK government’s private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday. Among a number of controversial projects are an unidentified Singapore online gambling company (there are only two licensed to …
The UK Financial Conduct Authority’s crackdown on financial and stocks spread betting via contracts for difference (see previous report) has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday. The BaFin, or Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht), is an independent federal institution under the supervision …
Olympique Lyonnais, a popular Rhone Ligue 1 football club with a large following, has announced that it has agreed an in-stadia betting partnership with the state-owned French online and land betting giant Française des Jeux (FDJ). The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by …
Court-side advertisements, which have been criticised as promoting gambling and thereby contributing indirectly to the spectre of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed. William Hill Australia is in line to feel the immediate pain of the ban, with its deal with Tennis Australia to …
The always controversial president of the Philippines, Rodrigo Duterte, offered fugitive online casino mogul Jack Lam an opportunity to make things right Thursday, saying that he would allow Lam back into the country if he apologised for his wrongdoing (something Lam lawyers have denied) and paid his local taxes. Lam will no doubt seriously consider …
The controversial issue of Fixed Odds Betting Terminals in retail betting shops is back in the press today (Thursday) thanks to an unofficial (ie not a Select Committee) group of politicians led by Labour MP Carolyn Harris which published an interim report on their recommendations regarding the machines. The group, titled FOBT All-Party Parliamentary Group …
An eight-year long, GBP 97 million VAT repayment claim dispute between Sportech PLC and HM Revenue and Customs (HMRC) has come to an end with the Supreme Court refusing HMRC permission to appeal a previous Court of Appeal ruling. The Court of Appeal’s unanimous judgement in favor of Sportech, concerning a VAT repayment claim on …
According to French publication Les Echo’s, the future of French regulatory body L’Autorité de régulation des jeux en ligne (ARJEL) hangs in the balance as French Parliamentarians debate the potential consolidation and possible dissolution of independent administrative authorities and independent public authorities. The amendment to draft law was authored by Jean Luc Warsmann, deputy and …
Rival Powered has launched Diamond Dragon, a a 5-reel, 50-payline video slot. The story follows feuding families battling for control of the Diamond Dragon, and the treasure it guards. Characters such as The Northern Prince, Golden King, Shifty Baron, and Desert Queen are all vying for the Golden Chalices, Magic Vials, and Diamonds the mythical …