The decision years ago by the Isle of Man government to create an online gambling hub and regulatory jurisdiction continues to pay economic dividends, with the latest government figures showing that growth has been strong in the last year, and that the industry is now among the most significant in the island economy, generating jobs …
Rochester businessman Paul Borrelli (70) was sentenced this week for his involvement in an illegal $75 million online sports betting ring, money laundering and an attempt to blackmail professional hockey player, Thomas Vanek. Borrelli’s cohorts, brothers Paul and Joseph Ruff, were sentenced to nine years and 41 months respectively in prison earlier this year and …
Canadian online gaming firm Intertain Group Limited will make a normal course issuer bid (NCIB) to purchase and cancel up to 3,617,740 or 5 percent of common shares over the next year saying the current share price does not reflect the underlying value of the company. “Alongside our shareholders, Intertain has built a very profitable …
A police spokesman in Vietnam’s Tay Ninh City revealed Wednesday that a police anti-online gambling raid on an internet cafe had resulted in the arrest of 30 persons and the confiscation of 21 computer sets. Officers from the provincial social crime prevention police raided Sky Win Cafe mid-afternoon Wednesday following reports that the illegal business …
DraftDay Gaming Group, a new entity formed by a joint venture between Viggle Inc. and Sportech Digital has completed the acquisition of fantasy sports business DraftDay from MGT Capital Investments. “By combining and capitalizing on the well-established operational business assets of DraftDay, Sportech and Viggle, the new company is well-positioned to become a significant player …
Imperus Technologies Corp (Imperus), parent company of social gaming developer Diwip, has entered into an acquisition agreement with Akamon Entertainment Millennium, S.L. (Akamon) for a consideration of $25,578,904, payable in cash and Imperus securities. All key Akamon management will be retained post acquisition including Vicenc Marti, co-founder and chief executive officer of Akamon and Alex …
NetEnt’s Mega Fortune Dreams slot has made a sixty year old Finnish woman a multi-millionaire over there past weekend on a Euro 0.40 wager. The fairly new PAF customer, who registered in June, triggered the Euro 3,020,481 jackpot in the early hours of Saturday morning marking the seventh biggest win in PAF’s history. “This is …
Thailand police in the Chiang Mai province reported Tuesday that in partnership with immigration officials they had broken up an illegal online lottery ring and arrested 17 Chinese nationals. A large combined police-immigration raiding party of 50 officials carried out the raid on a three-storey house on a private estate, catching 14 men and 3 …
Developer and supplier of B2B products for the gaming industry GameAccount Network has announced that the planned re-branding of the company to GAN will become effective on September 9 – a move consistent with its success in the supply of online gaming solutions to brick-and-mortar casinos within the borders of the United States. The new …
NYX Gaming has followed its recent acquisition of Chartwell Tech and Cryptologic online gambling firms from the Amaya Group (see previous reports) with an announcement that a wide range of games content will be delivered to the new subsidiaries via the OGS system. Among the first to benefit is Corbett Sports, which has launched NextGen’s …
Unconfirmed reports circulating Tuesday indicate that Leeds, UK-based Sky Betting and Gaming has shut down its social gaming division, apparently prompting the departure of divisional head Bruce Bale. Remarkably the division, which operated in partnership with the US-based OpenWager Inc., only launched in January this year, adding three more iOS and Android games to its …
On the heels of reports from the UK that the Rank Group has had to give up profits made during a period of ineffective anti-money laundering systems (see previous reports) comes news of similar punitive action against a US casino group. Reports in the US media claim that Caesars Entertainment has had to cough up …
The long running saga that is New Jersey’s attempt to secure the right to legalise sports betting within its borders (see previous reports) featured a new development this week as the state horse racing industry requested a federal appeals court to review its earlier decision, which prevents the state from progressing its sports betting plans. …
Euro Games Technology Interactive (EGTi) has launched its new online casino platform becoming a full service provider. The platform has initially launched with Winbet casinos in Bulgaria as a pilot before it is rolled out to the rest of EGTi’s customers. Providing access to EGT’s portfolio of 60 plus online games in free-to-play and real-money …
Vietnamese authorities have pressed charges against 28 locals suspected of involvement in a $9.1 million online gambling ring, according to Thanh Nien News. Ho Chi Minh City resident Pham Huy Toan (38) is suspected of facilitating the ring while the other 27 will appear in court on various gambling charges. Vietnamese prosecutors said Toan received …
The directors of Paddy Power plc and Betfair plc have issued a statement briefing investors on the intended merger of the two companies and advising that shareholder benefits will include 0.4254 new Paddy Power Betfair shares in exchange for each Betfair share, along with a special dividend of Euro 80 million for Paddy Power shareholders …
In the Spanish gambling market, online and retail bookmaker Kirolbet has signed a sponsorship agreement with La Liga side Athletic Club Bilbao, the club announced this week. The usual stadium advertising, promotional and branding privileges will be extended to Kirolbet, which will also have access to the digital channels operated by AC Bilbao during the …
The South Korean police have launched an investigation into match-fixing and illegal gambling that involves more than two dozen current and former sportsmen, mostly basketball and judo players, the Agence France Presse news agency reports. The probe was triggered by alleged game-rigging in basketball which occurred earlier this year and involved a professional player identified …
Britain’s Gambling Commission has recommended that operators review the efficacy of their anti-money laundering procedures following shortcomings at the Rank Group which emerged following an investigation at Meccabingo.com and Grosvenor Casinos, and the conviction of a customer on an AML charge. In acknowledging flaws in its procedures, the Rank Group has agreed with the Commission …
Caesars Interactive Entertainment’s Playtika has acquired Israeli startup Big Blue Parrot (BBP), developer of the popular Poker Friends app. Although the consideration was not disclosed, news agency Globes said sources estimate the deal to be around the $10 million mark. “Gilad Almog, BBP’s founder, together with his team, will enable us to continue expanding our …
The UK Gambling Commission (UKGC) has publicly urged licensees to learn from British gambling firm Rank Group’s shortcomings in anti-money laundering (AML) controls for its Grosvenor and Mecca Bingo brands. Operators are urged to “critically review the effectiveness of their policies and procedures to prevent gambling being used to support crime or risk more formal …
https://www.youtube.com/watch?v=1BqVo0Cj1vs Micrograming previewed “Peek-a-Boo” this week, an upcoming comically-themed 40-payline, 1024 ways to win offer. In the base game, Peek-a-Boo’s Kid symbol on Reel 3 will randomly zap ghosts on the other reels with his electric ray gun to award cash prizes. Each ghost zapped will be collected in the Ghost Meter and counted up …
After losing the bidding war for Bwin-Party last week, 888 Holdings executive chairman Brian Mattingley remains confident on his company’s prospects in a consolidating industry, telling the Financial Times Monday that 888 will be making its own strategic acquisitions. “We are not a target,” Mattingley told the newspaper. “We will do practical and strategic acquisitions …
Genii Gaming Technology (Genii) has entered into its fifth content deal in the past month, the latest with aggregator and platform provider Starfish Media N.V. Under the terms of the deal, Starfish Media has agreed to take Genii’s entire catalogue of over 130 casino games along with its Spin16 product range which allows mobile players …