Neil Offord, a corporate finance management expert has started work at Playtech plc as chief analyst. He was formerly corporate finance director in BDO’s Capital Markets and Betting and Gaming team, having worked in management positions at the company for the past almost 21 years, involved in advising public and private companies on mergers, acquisitions, …
After six years at Betsson AB, four of them as CEO and president, Magnus Silfverberg has decided to step down in July 2015 and move to another industry. According to an announcement by the company, current executive chairman Pontus Lindwall has been appointed by the board of directors to manage the CEO responsibilities until a …
The publication MSU Today carried an article this week describing the US government’s attempts to control Internet gambling as “a convoluted mess” that would benefit from properly defined licensing and regulation designed to protect the consumer. The piece references a new study by Michigan State University business scholars, who claim they are the first to …
US District Judge Andrew Gordon dismissed criminal conspiracy and illegal gambling charges against Malaysian businessman Wei Seng “Paul” Phua on Monday after prosecutors admitted to not having enough evidence to further the case. The court ruled just last week that evidence submitted in support of the charge was inadmissible due to the legality of the …
Dafabet is compiling an impressive sponsorship portfolio as it replaces Bidvest as principal sponsor to English premier league football club Sunderland AFC. Dafabet branding will appear on Sunderland’s home and away shirts from the beginning of the 2015/16 season along with significant marketing opportunities. “Our regional identity sits proudly at the heart of Sunderland AFC …
South Carolina Sen. Lindsey Graham has confirmed that he has joined the Republican Party race for nomination as the GOP’s presidential candidate in next year’s elections. Graham, who is an ally of major Republican donor and land gambling billionaire Sheldon Adelson, is better known in the industry as one of the politicians spearheading Adelson’s campaign …
It appears that Gal Haber, founder and CEO of the troubled contracts for difference Plus500 group which is the subject of a Playtech takeover (see previous reports) has been at odds with the authorities before his recent brush with the UK’s Financial Conduct Authority. Eight years ago the Israeli police ordered Haber to shutter Interlogic, …
International Game Technology has inked a deal with the Massachusetts Gaming Commission for the provision of a central monitoring system. Under the term of the deal the system will monitor up to 20,000 electronic gaming devices at up to four venues in the Commonwealth, with the Plainridge Park Casino in Plainville being the first venue. …
Independent gambling self-regulator, Senet Group, launched the second wave of its #BADBETTY TV and online advertising campaign today (Monday). The group developed the campaign to remind gamblers that betting more than they can afford is a “#badbetty and they should pause and think again”. “Our research shows that gamblers are getting the message,” said chief …
Canada’s attempt to modernise sports betting, Bill C290 is seemingly running out of time having stalled in the Canadian Senate for the past three years, legal firm Dickinson-Wright warns. “Championed by Joe Comartin, M.P. for Windsor-Tecumseh, the bill passed third reading with all-party support and is sitting with the Senate for consideration,” added C290NOW, a …
A new Costa Rica-based bitcoin-only online casino has launched at Vegas Casino.io on the Curacao-licensed Coingaming platform. According to the press release, the unidentified team behind the new offer “boasts an experienced team of professionals behind the platform” who have run “casinos, sports books and poker for over a decade”, however, executive and ownership details …
Shortly following its content deal agreement with Quickspin, Austrian-based SKS365 Group has inked another with 1X2 Gaming for a portfolio of HTML5 and Flash virtual sport and casino content that will become available through its planetwin365 operation. “We are very happy about this new partnership, which will bring 1X2gaming’s famous virtual sports plus new slots …
The World Lottery Association (WLA) and European Lotteries (EL) have launched a new Sportradar-powered global lottery monitoring system (GLMS), whose operational headquarters will be hosted by Danske Spil. The GLMS platform, which has been in “years of development” will provide WLA and EL members with extensive monitoring of the various betting markets offered by government …
Amaya has updated on the ongoing investigation into its business interests by the Quebec securities regulatory authority, the Autorité des marchés financiers (the AMF), concerning its Oldford Group acquisition on June 12, 2014. Amaya confirmed that the investigation involves employees of Amaya, including chief executive officer David Baazov and chief financial officer Daniel Sebag, but …
Online gambling group Oryx Gaming has inked a game supply agreement with the NYX Gaming group which will see games from a variety of providers made available through the NYX OGS system. The initial set of games will be from inventories supplied by 1x2Gaming, Nextgen Gaming, ELK studios, Amaya, iGaming2go, Thunderkick, Realistic Games, High 5 …
Official May 2015 gambling statistics from the Macau regulator proved as depressing as expected Monday, with year-on-year revenues plummeting 37 percent – the twelfth consecutive month of falling numbers. Data released by the Macau government showed gambling revenue fell to 20.3 billion patacas ($2.5 billion) from 32.4 billion patacas a year earlier. The May decline …
Rumours of high level corruption in the Philippines Bureau of Immigration (BI) surfaced again over the weekend when the Manila Times reported that a wanted illegal gambling fugitive from Chinese justice was being assisted by two senior officials in the Bureau. The current head of the Bureau, Commissioner Siegfred B. Mison, has been trying to …
The traditionally secretive Chinese national police division dealing with Internet content and censorship is to become more transparent by investing in social media communications, opening appropriate accounts across the nation on Weibo – China’s Twitter equivalent – in a bid to become more visible to the public, says the Ministry of Public Safety. According to …
Illegal sports betting in South Korea on horseracing, cycling, motorboat racing and online betting on other sports, is estimated to have reached some 17.5 trillion won in 2012, the Korea Times newspaper reported over the weekend, claiming the total amount of illegal gambling in the nation is now estimated at 75 trillion Won (1,698 Won …
The Plus500 financial spreadbetting company, currently plagued by money laundering irregularities and the close attention of the UK Financial Conduct Authority (see previous reports), may soon find a new home in the Playtech plc online gambling group. The directors of the two companies, which both have Israeli roots, announced Monday that they have reached agreement …
The international online gambling group NYX Gaming continues to expand, with its Q1-2015 numbers just published showing revenues up an impressive 98 percent year-on-year, driven strongly by social product operations, a larger customer base and revenues from the recently acquired Ongame poker network. Highlights of the report included: * Overall revenues up 98 percent to …
666Bet players still awaiting long overdue payments from the cash-strapped online gambling company will be disappointed to read the firm’s latest submission to the UK Gambling Commission – that it needs to raise additional funding in order to meet its obligations to players. So much for the protection of players through segregated accounts. In a …
Federal prosecutors again appeared to be at sixes and sevens this week following the latest ruling by Nevada District Judge Andrew Gordon that they cannot adduce evidence of illegal sportsbetting by Malaysian high roller Paul Phua because it is tainted by questionable FBI tactics in obtaining it (see previous reports). In the latest developments in …
Rep. Joseph Lopinto’s bill HB475, which seeks to create state law exemptions effectively legalising daily fantasy sports in Louisiana (see previous reports) may have sailed through the state House, but is now encountering heavy weather in the Senate Judiciary Committee. Local media reports indicate that Lopinto is having to deploy all of his legislative skills …