Analysts at Dublin-based stockbroker Davy, which advises on wealth and asset management, capital markets and financial advisory services, have opined that shares in Paddy Power are undervalued by 30 percent, and those of future merger partner Betfair will rise by a similar percentage. Writing in a new report, analysts David Jennings and Robert Stokes set …
This weekend’s kick-off of the 2015 Rugby World Cup, hosted this series by the United Kingdom, sees two legendary names in the game once more in the media. Online gambling group Betfair has signed up former England and Ireland captains Lawrence Dallaglio and Keith Wood to front its coverage of rugby’s most prestigious tournament, held …
UK land and online gambling group Coral has scored an exclusive with the debut of NYX Gaming’s popular online slot Merlins Magic Respins, which has been launched initially across the Coral group in omni-channel format including online, mobile, scratch and in retail shops. Released via NYX’s wholly owned subsidiary NextGen Gaming, the group celebrates the …
Online gambling in general, and mobile gambling in particular, continues to exhibit impressive growth both in Europe and globally, according to a report on the Economic Voice blog this week. Online channels contributed $33.8 billion to the overall global gambling industry in 2012, representing just eight percent of world gambling net revenue estimated at $417 …
Playtech plc has issued an update on its proposed acquisitions of contracts-for-difference firms Plus500 Ltd. and Ava Trade Ltd, advising that due to the high profile nature of the initiative, receipt of all regulatory approvals is taking longer than the Boards of Playtech and Plus500 had originally anticipated. However, the company points out that the …
A Canadian hockey coach this week won the major share of a $233,852 jackpot on his smartphone at online gambling site Full Tilt, but didn’t realise how much he’d won because he was watching the Toronto Blue Jays trying to break their 23-year playoff drought. “I was just watching baseball, the Blue Jays against the …
The Nevada Gaming Commission took just 15 minutes on Thursday to approve a $1.5 million fine already accepted by Caesars Entertainment for 15 counts of violating federal anti-money laundering programs at Caesars Palace (see previous reports). Commission Chairman Tony Alamo Jr. told a bevy of Caesars executives at the hearing: “You shot yourselves in the …
After mulling the issue for some time, Nevada gambling regulators finally approved the use of skill-based and arcade-style features on slot machines this week, opening up fresh creative opportunities for game designers. The Nevada Gaming Commission’s unanimous support for the revision received immediate praise from gaming manufacturers, who are concerned that land casino gambling needs …
The Massachusetts Legislature’s Joint Committee on Consumer Protection and Professional Licensure heard testimony in Boston this week on two bills proposed by state Senators Jennifer Flanagan and Michael Rush that would respectively permit the state lottery to run internet lottery programs and operate a website offering online skill games, including fantasy sports and poker. A …
Swedish online and land gambling group Svenska Spel has extended its sponsorship deal with Hockey Allsvenskan, the second-highest league in the Swedish ice hockey system, for another six years, committing to around SEK 48 million (GBP 3.3 million) in support over the duration of the sponsorship, with the possibility of a bonus of SEK 500 …
Mobile casino operator LeoVegas reports that Ann-Kristin Ahlin, one of its Swedish players from Sandviken, a small town north of Stockholm, hit a GBP 103,827 progressive jackpot on a stake of just 46p this month. Playing the Cosmic Fortune progressive one evening, the down-to-earth player struck it lucky and was excited by the big win …
https://www.youtube.com/watch?v=744eUwAgdiI NextGen has taken an unusual and innovative approach to promoting their next release, a 5 reel, 25 pay-line slot themed on the tragic fifties movie star James Dean. The provider hired Ike McFadden to craft the promotional vid, and the result is a nostalgic sound track and movie clip montage that captures the eye …
Boston-based daily fantasy sports provider DraftKings is under the microscope of Massachusetts Attorney General Maura Healey, who confirmed Thursday that she is reviewing the legal position of the big-spending, high visibility company. Approached for comment by local media, Healey said: “The point is this: This is a new industry. It’s something that we’re reviewing, and …
With the controversial Wang Bo deportation scandal now Philippines history (see previous reports), the Manila Times has focused on another, and allegedly even larger, online gambling ring leader it names as Kim Won. Won heads an empire based in the Philippines which, the newspaper claims, generates half of the total Internet or online gambling in …
Online gambling software provider NetEnt has released a preview of its next game release, a 5 reel, 720 ways-to-win video slot titled Pyramid: Quest for Immortality. The new game, which is due for release October 5, brings back the once ubiquitous ancient Egyptian theme, taking players on a challenging quest for the immortality of the …
Empire Global Corp. has announced that its online and offline gambling Italian subsidiary Multigioco Srl., has signed up a further 200 online web-shop gaming locations, which typically generate sports betting revenue and have approximately 5,000 online gaming accounts. The deal expands Multigioco’s online footprint to over 1,200 web-shop locations and approximately 30,000 gaming accounts, and …
The latest online slot from Play’nGo, titled Eye of the Kraken, has been launched simultaneously on desktop and mobile at Unibet. The new feature-rich game has a 3×3 grid format filled with suitably submarine and sea monster symbols in high quality graphics, which support Scatter, Wild and “Conquer the Kraken” Bonus opportunities for the player, …
Online gambling games supplier Yggdrasil reported its first major jackpot hit on its Joker Millions progressive this week, which was achieved at the EuroSlots.com website. The slot launched in March this year (see previous reports.) A Norwegian punter who has not been named won the Euro 720,000 jackpot after playing the game for under half-an-hour, …
Mobile gambling and social networking group Imperus Technologies Corp., has announced the appointment as CEO and director of James Lanthier, formerly chief executive of private equity firm RAM Equity. Lanthier’s experience includes a spell as COO of Mood Media Corporation, where he remains a director, and a seat on the board of NYX Gaming Group. …
The promotion of Daniel Eskola to chief product officer of Unibet has cleared the way for the appointment of a new gaming chief, and Unibet management has chosen industry veteran Frederik Kjell for the job. Kjell has experience at Amaya and most recently NYX Gaming where he held managerial positions responsible respectively for product and …
Our readers will probably recall the efforts of various university computer research departments over the years that have resulted in artificial intelligence (AI) programs capable of playing and winning against human players. Among these has been the University of Alberta’s Cepheus project, which managed to beat one professional but lost to two others in a …
https://www.youtube.com/watch?v=jc8SeRmx2nc Despite massive media and political focus on the legality of in-play betting using desktop and mobile devices , the Australian division of William Hill plc has pressed ahead with its promotion of the genre, exhibiting confidence that it is not infringing laws that dictate that such wagering can only be conducted via telephone or …
The Delaware State Lottery has issued its statistics on internet gambling for August, reporting that revenues were the highest this year at $158,980 following a 12 percent increase over the preceding month. However, on a year-on-year comparative basis the news is disappointing, as revenues are down eight percent. August online poker revenues were up on …
Whilst the steam seems to have gone out of efforts in Pennsylvania to license and regulate online gambling despite a flurry of bills and a Senate hearing mid-year (see previous reports), there remains hope that progress may be achieved through the state budget debate. Rep. John Payne, the author of one of the more promising …