bwin.party digital entertainment has announced shareholder-approved share plan awards under its 2014 Incentive Plan that will undoubtedly leave these two executives with a smile on their faces. Chief executive officer, Norbert Teufelberger will receive a restricted share award of 916,091 bwin.party shares at a share price of GBP 1.04 per share while chief financial officer …
According to Israeli news agency Globes.co.il, Unibet is sending a team of representatives to meet with around 20 entrepreneurs in Tel Aviv with a view to investing in Israeli startups. Unibet executives will hold a meet and greet event later this week at community co-working space Cowork Bay during which it will reportedly consider potential …
Payment services provider Optimal Payments Plc will propose a name change to Paysafe Group plc at an Extraordinary General Meeting later this month. The adoption of a resolution would rely on the company’s admission to listing on the London Stock Exchange’s main market for listed securities. The company’s move to London’s main stock market follows …
Spanish gaming firm Grupo Orenes’ online gaming operation has extended its 2013 agreement as sponsor of Spanish Segunda División B football club Real Murcia Club de Fútbol, S.A.D. VivelaSuerte.es will continue as official sponsor with a strong brand presence on the Club jersey and the operation of its murcia.vivelasuerte.esbetting offer along with other marketing initiatives.
Irish betting firm Paddy Power has clinched a B2B deal with Spanish retail and online operator Reta for the provision of a sports betting product via RetaBet.es. Paddy Power recently extended similar partnerships with French operator Pari Mutuel Urbain, Canadian British Columbia Lottery Corporation and Slovakian firm Niké . Commenting on the deal, Xabier Rodriguez-Maribona, …
Virtual games provider Kiron Interactive will expand on its partnership with VSoftCo in a bid to extend the reach of their respective virtual sports portfolios in a combined package. The partnership will see the companies collaborating on initiatives and products which will be marketed as a combined portfolio. VsoftCo and Kiron Interactive’s past collaborations include …
The South Korean cyber-security community has made the startling claim that North Korea’s general intelligence bureau produced and circulated a program that enables users to operate illegal gambling sites. According to the community, a program for operating illegal gambling servers has the IP address of the North’s general intelligence bureau hidden within it, and was …
The Irish press is clearly keeping a close watch on the disclosures in the Paddy Power-Betfair merger (see previous reports), reporting over the weekend that in April 2014, the group gave a loan of Euro 609,529 – without requiring any collateral or guarantee and without any interest attached – to a member of its executive …
Australia’s Social Services Minister Scott Morrison has formalised the intention of the federal government to conduct a review of the Interactive Gambling Act of 2001 , announcing in a statement Monday that the initiative will be spearheaded by former New South Wales premier Barry O’Farrell. “According to the Australian Institute of Family Studies (AIFS) online …
In India the Central Board of Direct Taxes has clarified that under new “black money” laws residents operating e-wallet or virtual card accounts online on websites hosted in a foreign country are required to disclose their accounts to the taxman. Such online financial transaction solutions are, as in other countries, often used by Indian online …
GVC Holding’s successful bid for Bwin.Party Digital Entertainment opens up growth opportunities in Africa and Latin America thanks to the high profile Bwin brand, the Wall Street Journal opined in an article Saturday. Thanks to modern internet technology and the rapidly expanding availability of smartphones, a market that consists of literally millions of gamblers will …
Retired high school teacher and former military officer Donald T. will have a more relaxing retirement following his big win at the Winaday online casino this week on the Gypsey Charm progressive slot. Speaking to casino management after hitting the $202,107 jackpot, the delighted winner said he struck it rich playing the game on his …
The daily fantasy sports genre appears to be facing a problem that online poker operators have had to confront in the past – too great a proportion of their business dominated by professional “sharks” equipped with skill, experience and technology, and who take advantage of the majority recreational player demographic. In an article on Sports …
The political debate in the Czech Republic over hiking tax rates on gambling from the current rate across all genres of 20 percent seems to have evolved a new two-tier concept which would introduce a 23 percent tax rate on sports betting but a 28 percent rate for casino games and lotteries, whether online or …
Six unnamed German entrepreneurs have launched a new Bitcoin-denominated online gambling website using proprietary technology and introducing a novel form of gambling not dissimilar to the old Pac-man game. Branded Chopcoin.io, the site has proved popular in its first few days post-launch and invites players to buy-in to a game in which each controls a …
To the dismay of digital businesses located there, the Council of Ministers for Jersey, one of the Channel Islands which has diversified its economy by setting up an e-gaming jurisdiction, has embarked on a consultative initiative to determine whether online gaming is a viable way to do so. ITV reports that there are fears that …
Newcomer eSports betting company Unikrn, which has been generating column inches as it raises capital and attracts celebrity investors like actor Ashton Kutcher, has unveiled a new proprietary platform branded Unikrn Arena Global, along with Unikoins, a new virtual currency for use on the platform. Unikrn CEO Rahul Sood said a companion app titled Unikrn …
The Football Federation of Australia has approved the extension of its partnership agreement with digital sports media group Perform in a deal which will see the latter providing its services through to the 2018 FIFA World Cup competition. The agreement, first signed in 2014, requires Perform to ensure the collection, production, packaging and distribution of …
888 Holdings has issued a statement in response to the news Friday that Bwin-Party directors have recommended the acquisition bid of rival GVC Holdings. The statement notes that the Bwin-Party board has withdrawn its support for the 888 Holdings bid, and accordingly the cooperation agreement between 888 and Bwin dated 17 July has been terminated. …
The Montreal-based online gambling group Amaya Inc., has wasted no time in re-branding and relaunching its Victiv daily fantasy sports betting acquisition (see previous report) under the new identity StarsDraft, which launched Thursday. Amaya has retained the services of the experienced original management of Victiv in its venture into the booming DFS sector, although it …
Sweden’s gambling regulator Lotteriinspektionen released Q2-2015 and H1-2015 market statistics this week, reporting overall market NGR in the half-year of SEK 9.92 billion…but around 20 percent of it going to unlicensed offshore operators. In H1-2015 terms, licensed operators in land and online enterprises generated GGR of SEK 7.9 billion, achieving a small 0.03 percent year-on-year …
The debate in Australia around the legality of in-play betting from mobile and desktop devices (see previous reports) has prompted one operator – Crownbet – to eschew the lucrative form of betting until the legal position is clearer. Matthew Tripp, Crownbet’s chief executive, told the Sydney Morning Herald this week that his company has had …
Caesars Interactive Entertainment has been given permission by the New Jersey regulator to host internet gaming content for the Delaware State Lottery on its Atlantic City servers, another step forward in inter-state cooperation on online gaming. The New Jersey Division of Gaming Enforcement approval Thursday means that SG Interactive, a division of Scientific Games, can …
Operating an online gambling ring in Vietnam can have serious personal consequences, as 56 defendants discovered in a Ho Chi Minh City court this week when sentences ranging from nine months to 8 years imprisonment were handed down. The defendants had earlier been found guilty of online gambling offences allegedly associated with the 1888bet.com gambling …